The question was about bankroll management, not shot taking.

For shot taking, if your bankroll minus $10,000 is still sufficient for your desired game, then you have enough to shot take, but I'd hope that would be obvious.

10 $1,000 shots would make a lot more sense for some semblance of BRM. But then we gotta start thinking about opportunity cost depending on the size of our cash game edge.

If the player doesn't have a lot of online MTT experience, their estimate of their true live ROI could be lol. But yeah, that makes sense that for big edges 50 BI would have a pretty low risk of ruin.

I'm really not understanding the question or the responses. If you are attempting to grind a tournament that runs once a year for a positive roi then you're looking at it wrong. You play the ME hoping to get a big score and retire early. 50 10k bi, or 100 bi is pretty arbitrary when the next time you can play it is a year later.

To answer the original question: you need a bankroll large enough to leave you with a big enough bankroll to grind normally afterwards.

Yea. I view playing in the Main like a trip to Mecca. It's something every devout poker player tries to do at least once in their life. Partly for the experience, partly for the chance at a big score. It's not something that you "grind" repeatedly.

"Chance at a big score" in the main is more like a lottery ticket these days. A 10k lottery ticket. That said I'd like to play it once.

Would a 38k roll be adequate to play in a 5/T game with 500-2500 buy in? I'd be buying in for 1500, and I'd generally be the effective stack as the game plays fairly big and very deep. This is my only income, but I don't have any past or current issues with gambling, and I have decent tilt control, and a 3k stop loss as an extra precaution.

I'm young and don't have anyone for whom I'm financially responsible, so I'm pretty sure my roll is at least adequate, just wanted some feedback.

Note: The two biggest spots in the game buy in for max and always top off, but many hands are frequently straddled, and most players run it once. Would buying in for more be too risky, even if it's more profitable? 400 BB pots are pretty frequent in this game, so stack depth is an important variable in this case.

I would recommend you grind 2-5 until you have 50k, then start shottaking the 5-10 with $1000 buyin. Buy $1200 when you have 60k, buy in $2000 when you have 100k etc.

I generally follow a 50buyin bankroll strat

50BI is standard but there isn't a game between 2/5 and 5/10 so I'd go for it and move down of you fall back to 25k

I'd go for it as well but would recommend you only buyin for $1000.

Lol at "I only play one MTT a year, and it's the WSOP ME".

smh.

I bet that isn't all that uncommon.

Couldn't that technically be considered a leak?

Don't think anyone actually said that anyways.

It was a hypothetical question; I guess there aren't that many pros who have bankrolls in the 500k plus range. Anyone who does probably doesn't want to play poker anymore lol. There's gotta be some guys in the 200k range on here? That should be close enough to atleast consider taking a shot right?

Maybe someone like Squidface who made a large amount of money from his blackjack days has a bankroll that big. I would be curious to know if he considers playing in the ME, and if not, why?

People say it's a "lottery ticket" to win but I don't think your odds are really all that bad. Its not like you have to win the entire thing to make serious $$, and its a field of around 6,000 people, not hundreds of thousands or even tens of thousands.

little confused as to why this is so lol particularly for a pro grinder

You've got that right.

I'm pretty sure you don't need $200k bankroll to take a shot at the main event. Really, this shouldn't be a bankroll decision.

Actually it does appear that winning 1st is like winning the lottery. If you bought $10,000 in mega millions tickets your odds of winning would be 1 in 25,889. Sure, this is 4 times more daunting than 1 out of 6500 main event players but the payday is generally way higher than 4 times what the main event champ gets.

But yeah, the Main Event pays out to a lot more people, so it's easier to get a good payday without winning. In Mega Millions the only other big payday is matching 5 out of 5 numbers without the mega ball for $1million. Your odds of hitting that would only be 1 out of 1849 (if you invested $10k).

Are people saying the main event is a bad investment these days? Sure seems like a ton of pros in the field. I was thinking about playing this every year but maybe I'd be better off playing a WPT or WSOP circuit every year instead...or maybe poker is dead.

Just dug myself out of a 650 hour break even stretch from peak-to-peak from mid-March until now. Haven't retabulated all of the numbers but lifetime 1/2 WR fell from $36/hr to $29/hr (over 770 hours) and lifetime 2/5 WR fell from $70/hr to $24/hr (over 550 hours). Pretty disgusting/miserable stretch of variance to deal with. BR is approaching 30k and my game mix will likely be 60% 1/2 and 1/3 and 40% 2/5 until I get it over 50k. Way more respect for BRM going forward (as a full-time player).

How many hours per week were u playing?

You are definitely over-adjusting by being too nitty with BRM going forward.

You can easily play 2/5 NL 100% of the time now. In fact, you should be playing the occasignal juicy 5/10 NL or 10/10 NL game too when you find a good lineup..

When you have improved your game even more than you already have, you will understand that you are more than sufficiently rolled to play a mix of mostly 2/5 NL and occasionally bigger games. It just doesn't feel that way now because your confidence was shot by that nasty run of negative variance earlier this year.

Can someone help me understand the Standard Deviation p/h stat? What does it mean and what is considered good?

I'm as nitty as they come re bankrolls, and I think that's pretty extreme.

such bad advice
you guys have no idea about variance.
keep on doing a good job op

wonder where you got that rule of thumb from since it´s totally wrong. esp in a 6k playing field.

Presumably, a decent player is better then 1/(N entrants) to win the ME. So really an MTT is massively better then a lottery ticket.

But does your MTT EV/hr. beat your cash EV/hr.? That is the question.

My guess is that if you cash around 30% of MTTs played, unless you are charging MU, you're better off playing cash.

Ultimately, play specifically good payout MTTs to win. MillyMaker, Colossus, Goliath, Venetian DS ME, etc. Relatively low BI large fields of average- players.