yh just as title says, im new to the forum also im considering playing more plo mainly cause i find it more fun for so many reasons really i love fact theres more action and bigger pots and stacks seem to go all in with greater frequency compared to omaha im a gambler at heart so guess it just appeals more to my nature.
But yh was just curious as to what bankroll management any of you winning plo players use, ive sort of searched around the net but theres not much ive seen it range from just 30-250buyins so curious what bankroll rules a winning player on heres using themselves? as ive only played few times but i can already tell its gonna be a far more swingy game as stacks go in way more regularly and the opponent normally even if behind seems never that far behind ha (and may even be making correct calls themselves with pot odds), unless your freerolling (love when that happens i got check raised on a flopped straight he had the bare one there was flushdraw, he himself had no redraw and i had a draw to fullhouse too go along with my own straight so i get all in on flop felt great as seems as close to someone drawing dead as you can get in omaha.
but yh any advice on bankroll management for this game would be very much appreciated as something tells me 20buyins just isnt that adequate ive got it all in turn as a favourite and got sucked out river 5times in a row before so lost 5buyins just like that (in short period of time) so yh 20buyins just dont seem enough.
Weirdly im a naturally loose and aggressive texas holdem player but pretty bloody tight omaha player by nature.
But yh ive kinda grown tired of the tight texas games with small/medium pots its odd its called no limit but people so rarely bet pot or even over it ha (im the exception i think, i like going max value with my strong hands straights flushes against players i think i can squeeze calls out of, funnily some players there fold if you bet 1/3 yet call if you overbet like they just level themselves into thinking whys he betting so much he must not want to get called, whereas my real logic is i need calls less often for it to still be profitable rather than always going thin value where i need that situation to pop up with more regularity which is hard as is and also i like it as complete bluffs against the right people too as some they do this check call check call thing, like a pot control line or something planning to check call river for a 2/3 bet too yet if you overbet it certain players just tank fold, ive gone off topic) but yh im interested in learning omaha it just looks like a more fun game to me now than texas where even bad players arent even that bad and takes a lot of hands to spot a leak flaw exploit it in regs and win big pots, whereas omaha feels like cause you see more showdowns and stacks get all in with greater regularity, you get more concrete evidence on how people are playing certain strength of hands right off the bat, i dont know i just like the look of omaha just seems more action packed and just fun....
weirdly ive always been naturally a loose aggro texas player (im considerably tighter now still relatively loose in tight games compared to most of my opponents but not every other hand loose anymore lol i average now i have a hud to see it 22-38% in 6max games depending on opponents and gameflow, whereas in omaha right off the bat i was/am i think pretty ****ing tight lol just came naturally feel like all i do is fold a bunch ha till i see something decent where i can flop alot of good things, im super passive pre in omaha too i just limp every hand i play but pretty aggro post both with bluffs and with value hands, depends on opponent though obvs.
Any advice would be appreciated strategy wise for omaha too as i am new to it. Yh but omaha seems fun so down to really try learn it and how to play profitably and beat it, texas has become a bit monotomous (playing winning texas holdem is slow it feels unless games good and theres proper fish floating about in the game, feels like all you ever do is chip up slow and steady unless you notice a leak in a reg and even then it can take a bunch of hands for that similar situation to arise where you think there on some range of hand and are gonna **** up and hand you there stack or fold the best one in a big pot...) im very curious about variance and the downswings/upswings in omaha too though as i imagine there bloody insane/both ways and could be soul crushing...
Also one more question to you winning players would you say omahas a more profitable game than texas holdem (going by the same stakes compared to texas) in the longrun..., what are your winrates and what are realistic ones, also anyone make a living off of lowstakes plo? if so how many tables and what stakes hrs you play a month? im somewhat hoping winrates can be higher in omaha even if variance is greater, as winning at texas feels slow and im not good at multitabling really i honestly feel 3tables my limit for quality play at texas anymore and i miss important info.
Cheers Joe

I recommend at least 50bi,and if you are new to to game even 100 is not too much.

If you are playing at limits where you can afford to redeposit, you can be more aggressive in your bankroll management. Once you get to limits where depositing more is going to be difficult, you are going to want to have a more conservative approach to the game.

Unless I'm shot taking, I don't like playing any limit with less than 40 buyins, and I really feel comfortable once I hit 60.

If you're not playing professionally and omaha is just a past time, fewer buyins are ok. People sitting with 100+ buyins are often those who rely on poker for income and want to limit their risk of ruin.

Cheers guys really appreciate this help, think ill do the middle ground of what you too are both saying then and just have a 70buyin rule seeing as im new to the game and that, bit cheeky but if i could squeeze another quick question in ha any particular site youd recommend for playing omaha?, im in the UK if that effects anything on wheres good. And yh thanks again for the advice
Joe

My advice to you would be to stop saying "But yeah" so much
Re:sites, any is fine. If you need to build a roll, don't play on Stars and definitely don't play zoom at micros

888 poker and Party have ok traffic at the micros, with party being the better choice for overall traffic. 888 poker doesn't have much of a reward system, but competition is very weak.

Stars is still your best choice for overall traffic, but rewards are terrible.

Ipoker network use to have ok traffic at micros, you might find that the hours you play have decent traffic. It was not so good for someone playing out of Canada. If you look there, try William Hill, I use to play on there.

Bodog / Bovada is also an ok choice. They have anonymous tables which is interesting, but there is no lobby, so its hard to tell what sort of traffic is at any stake.

In a live setting I very very rarely play with less than 40BI and obviously employ some stop loss/ quitting strategies on top of that during particularly awful sessions

Always thought this stop loss strategy could be beneficial but never implemented it.How much buy ins down would be appropriate to stop?

5 buy ins or more?

I currently do it.

I stop at 3 buyins. I'll even do 2 buyins if I feel like I'm not playing well.

I use to do 4 or 5, but found that was still too much and that 4 or 5 often turned into 7 or 8 pretty quickly.

The sessions where I kept playing well past 5,6 or more buyins down, I would often make comebacks and sometimes get back to even or a bit up, but more often than not, any comeback resulted with me being down 2-3 buyins, so that is what I set my limit at.

The hard part is not playing again. I use Stars cool down feature for 12 hours to put a hard stop on my play and make sure I actually take the time to refocus on my game and come back fresh. I think over the past month, I've only had to use it twice.

I think i will try at 4.Sometimes games are too good to leave when there re some maniacs or bad players.Also 12 hours or basically not playing that day would me too much for me.

1 hour break for stop loss sounds good

Depends on your playing habits and goals. As you noted, table dynamics are a factor and sometimes you do need to push the limits of your stop loss, if you've just been getting unlucky against someone who is bound to punt stacks your way.

I employ a playing style designed to smooth out the ups and downs of omaha. I rarely have the super highs, or super lows, that many players associate with omaha, so its a bit easier to use the type of method and stop loss that I do. Since I usually only have an hour or two available to play each day, its not tough to put a 12 hour cool down in play if required.

The biggest challenge is figuring out a system that works well with your own style of play, gambling habits, desire to play X number of hours or win X amount of dollars. Once you figure that out and can come away from the table feeling good at the end of each session, regardless of the outcome, you're winning at poker.

Answer : My job.

Depends a lot on your style of play & how deep you prefer playing

@ 1/2 live I think 50 is reasonable and 30-35 should be manageable
@2/5 and above you are going to want 60+
By 5/10, 10/25 you are going to want 100+ no questions asked unless the game is quite soft

^I think this is bad advice. $200k+ to play 5/10 is a joke

there are many different type of bankroll management guides but i call this one

bankroll management with a twist of crypto

Basically what ever amount of buyins you are using, you keep 15% on the pokersite you are playing, which is say 15 buyins if using say 100BI standard, and the other 85% of your bankroll have invested in crypto, but make sure to invest in the real high varaince swingy coins, that way if plo isn't swinging enough for ya on the day the cryptos should be.


But then again you can be a nit and use this

Agreed. Think the first time I considered playing 5/10 I went in with a 30k roll, if that.

At what point you would consider moving down if started with this one?After

10 buy ins downswing maybe?I guess monikcrazy advised 100 bi if you want to play constantly on 1 level without moving down after a downswing.

sounds like a good advice.
Have the same issue. Have made the last couple of days two nice comebacks, as I was almost 8 buy ins down at some point in my session.I was feeling good and was playing ok so I continued and get finally to even. But usually I tend like you to drop more buy ins, if I am down because of tilt and bad play.

Stop loss strategy is a really good thing, to get your mind clear and get over your hands to make sure you play well enough to continue...

calculate your risk of ruin using a variance calculator, then work backwards. add some padding for really bad luck and also any psychological bankroll padding you need for it not to affect your game.

http://pokerdope.com/poker-variance-calculator/