What should I do with my 50 Dollar PTOTW freeroll win?

[Esqueleto]

So my bankroll is 50 dollars.

I need help deciding how to build that into millions and millions of dollar!!!!

Give me some guidance, I'll take the best three pieces of advice and work with them. I'll keep everyone posted as to how it goes!

[C8H10N4O2]

Play very low stakes and follow conservative bankroll management.

[gamer4life27]

Give it to me to play my live tourney in two weeks. Jk.

Play the lowest stakes possible. Follow proper bankroll management, and play ABC poker.

[Esqueleto]

should I stick to 10/25 cent cash games?

How many tables at a time? Any tournies/SNGs I should look at?

[frob23]

should I stick to 10/25 cent cash games?

How many tables at a time? Any tournies/SNGs I should look at?

$25NL ($0.10/$0.25NL) is very, very high for a bankroll of $50. You have only two full buy-ins for the level. I'm not saying don't. That's not for me to say.

But, if I was you, the highest game I would play would be $10NL ($0.05/$0.10NL). Just for the time being. Build up some more money and get a feel for the people who play on there. As other people have suggested, your bankroll is really more appropriate for the lowest game $4NL but I'm not going to tell you to play that low if you're not interested. The simple fact is, if you lose all this, it's not the end of the world. It's basically free money to play around with and experiment with. Keep posting here and there's always going to be another PTOTW to play in even if you lose it all.

Have fun with it. Nordica is a great place to play for the micro games. And it's pretty friendly most of the time.

[C8H10N4O2]

Daniel Negreanu is currently trying to turn $10 into $100,000. His strategy is looser than other bankroll management principles. He will only sit down with 1/5th of his bankroll and he makes sure that whatever level he is playing, he has 500 times the BB. Therefore, for a $0.10/$0.25 table, following Negreanu's somewhat risky play, you'd have to have a $125 roll. However, he does say that once he moves up in stakes, he won't move back down.
I personally have been following the "never take more than 5%" to a table rule (from Chris Furgeson). I'll never sit down with more than 5% of my bankroll at any given time. At any point if my chip stack in front of me represents 10% of my bankroll, I stop....
Here, I'm just going to copy out my entire set of rules I've decided to stick to.

Never take more than 5% of my bankroll to a table.

If at any point, what I have at the table represents 10% of my roll, I must leave.

For MTT, I will not enter a tourney with a buy in that represents more than 2% of my bankroll (including rake).

For SnG's, I must have 30 buy ins, and for Turbo SnG's, I must have 50 buy ins at least.

For heads up matches, I must have 30 buy ins.

At any point in a day, if I lose 10% of my roll, I must stop and take the rest of the day off or until I feel like I'm level headed enough to play again.

For 2-3 table Sng's, I need 40 buy ins.

For 2-3 table turbo SnG's, I need 50 buy ins.



I shy away from turbos just because more forced gambling occurs since you go blind broke so much easier.

[Esqueleto]

$25NL ($0.10/$0.25NL) is very, very high for a bankroll of $50. You have only two full buy-ins for the level. I'm not saying don't. That's not for me to say.

But, if I was you, the highest game I would play would be $10NL ($0.05/$0.10NL). Just for the time being. Build up some more money and get a feel for the people who play on there. As other people have suggested, your bankroll is really more appropriate for the lowest game $4NL but I'm not going to tell you to play that low if you're not interested. The simple fact is, if you lose all this, it's not the end of the world. It's basically free money to play around with and experiment with. Keep posting here and there's always going to be another PTOTW to play in even if you lose it all.

Have fun with it. Nordica is a great place to play for the micro games. And it's pretty friendly most of the time.

So I'll stick to $10NL .05/.10 tables. Should I play multiple tables?

[frob23]

So I'll stick to $10NL .05/.10 tables. Should I play multiple tables?

That's up to you. I don't worry too much about the increase in bankroll needs for multi-tabling if you're playing 2-4 tables instead of one. If you're playing more than that... you will need a bigger bankroll but not for a couple tables. Personally, I like to play 2 tables at once. That's a good amount of action for me and I can still talk to people online and do other things (I'm a bit ADD on the computer).

It's whatever you're comfortable with. I love the $10NL games though. I have more than enough to play $25NL but still play a lot of $10NL.

[Esqueleto]

I will open three tables at .05/.10 tables with a 10 dollar buy in at each.

Putting 30 dollars in play and having 20 bucks as backup.

Anyone that plays at Poker Nordica that can give me their opinion on the players there? I noticed there are not a lot of tables open at any given time.

[gamer4life27]

With that size bankroll, I would say stick to the limit games rather than the NL games. I love all the limits (pot limit, NL and limit), but with a $50 bankroll, I would stick to the limit games at $0.25/$0.50 and lower. I have always found limit to be the best bankroll helper out there.

[liladypokerpro]

If you're a hold em player Nordica is a good place for micro stakes play. Depending on the time of day, you may not find a great deal of tables open, which can be a down side. I find between the hours of 12pm EST and 12am EST there is the most traffic. If you like other variations such as Omaha you may find that it will be hard to find a table, but there are a few regular Omaha players that play usually between 6pm EST and 6am EST. Good luck and I hope you double your bankroll! Just don't be in too much of a hurry...pace yourself and be patient and you should do just fine.

[C8H10N4O2]

Next question then Go^5l... out of curiosity, if say you take 3 horrible all in beats and bust out $30... what are you going to do with the $20 you have left over?

[gamer4life27]

I would say stick to the limit games untill you have the proper bankroll for the NL games. Limit offers you a chance of taking a bad beat without losing your whole stack and gaining as much profit as possible. I am playing $5L ($0.25/$0.50 Limit games buying in for $5) with the $25 from PokerNordica and I am seeing that I am so far even with that $25. I lose $5 once, and gained a few dollars before that. Then, I sat down at another $5L table with 9-max and turned it into $13 and change in about 2.5-3 hours. Entered a few tournaments for less than $3 (not including tournament fee's). I am in a $3.00 + $0.30 and have a bankroll of $24.22 after cashing out of that $13 table.

So from current and past experience, I would say stick to the limit games. Not only can you build up a bankroll, but it lessens your chance of losing your whole stack to one bad beat.

[braveboat27]

Lots of great advice on bankroll mgmt. I finished third, and I'm going to hold onto my $12.50, and hopefully add to it with another freeroll cash in the near future!

[GainerRakeback]

If you like playing tourneys, I suggest you try the $2 and $5 Bounty SnGs tourneys at PN. I've built a nice BR that began with PTOTW winnings by playing those SnGs and the ($10 + $1) $500 Guarantee Bounty (11:15 EST everyday). I've played some cash games (.05/.10 and .10/.25) too but I play mostly tourneys there now.

Stick to the lower stakes if you play the ring games. Play solid. I realize $50 isn't a big BR for a lot of $5 tourneys, but if you cash, then continue. I've done okay at them and you should too. Or play the ring games and use the winnings to play the tourneys.

PS: Note you get rakeback on ring games and tourney fees at PN, paid daily.

[DeadBabySoup]

if i were you, i'd try to win 20,000 more freerolls. no risk. and $1,000,000 if you win.

[Esqueleto]

Down to 45 dollars playing four tabled .05/.10 cash game.

[gamer4life27]

I'm telling you, play limit games and the <$3 tourneys (not including tournament fee's) and you will build up your bankroll so fast.

I am up to (Edited) $143.48 from the $25. So I am telling you, find the right limit game for you (meaning blinds), play ABC poker, and rack up those comp points for the freerolls.

My limits are the $1/$2 Bad Beat Limit Holdem tables. I sit down there with a weired system, but it works for me. I already figured out that I am a winning player at this limit. So say my bankroll is $76.59. I would be the first to sit down to rack up comp points faster with a certain amount according to my bankroll. I know that the minimum buy-in at that level is $10. So I buy in for $16.59 (minimum plus left over single dollar amount and cents). I do not leave until I more than double that to $33.18. Then, I leave and do the process over again.

But say my bankroll is 73.47 and I want to play those limits. I wait for a pretty full table, then sit down with $13.47 and don't leave until I double that to $26.94.

This is just me though. Find a certain system that works for you and stick to it. I am not saying to play at this limit right now, but figure out where you win consistantly. And those small buy-in tourneys will really be a lot of help.

Ex. I entered a $3 + $0.30 tourney on their. I think 30+ people, I forgot but somewhere aorund their. Long story short, I took 2nd for ~$33. 1st was ~$55, but he had a mosterous chip lead with huge blinds (4 to 1 chip lead and I had around 13 BB left). Decided to try and gamble and took 2nd. But still, that was a huge boost in my bankroll.

Edit: And playing in the Limit games means that I have taken bad beats, but they have not affected my bankroll by making me lose my whole stack. And same with the tournaments. It's so small that if I go out on a bad beat that it's no big deal to my bankroll.

Edit 2: I would have had probably around $135, but I was having a little fun and entered one $25 + $2.25 tournament, and some other $5 HU games.

[Vito_Nuccio]

You are on the right site to increase the roll from your current level. Keep playing the micro limits, at Nordica it is fairly easy to get comp points. They have weekly and monthly freerolls if you accumulate 2500 and 5000 comp points respectively. These are not your ordinary freerolls, the weekly ones have a $10,000 purse and the monthly has a $50,000 purse. They pay way down the ladder in these freerolls but if you finish high enough there is some seroius cash available, first for the monthly is 5 grand. A final table trip in monthly will net you around a thousand. I have not seen better comp point freerolls anywhere else. Play the cash games, not only do you get comp points faster, but you will build your rakeback quicker than tournaments.

Later,

[Esqueleto]

Haven't had time to play lately.