# Ultimate Guide to Poker Bankroll Management

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• Bankroll Optimizer Spreadsheet: (Updated since video)
• Poker Variance Calculator: https://www.primedope.com/poker-variance-calculator/

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• GTO Wizard Weekly coaching by Tombos21 from the 31st of August 2022.

Understanding variance and managing your bankroll is an essential skill for long-term poker success. In this free lecture, Tombos21 teaches you how to understand variance and build mathematically optimal bankroll management strategies!

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0:00 – Is poker luck or skill?
3:42 – Understanding variance
9:26 – Poker variance calculators
16:39 – Confidence Intervals
19:30 – Risk of ruin
22:00 – Bankroll management
28:40 – Kelly Criterion
33:14 – Bankroll optimizer

## 10 thoughts on “Ultimate Guide to Poker Bankroll Management”

1. GTOWizard says:

Tell us what bankroll management strategies worked well for you! What would you like to see next? 👀

2. susy may says:

Nice timestamps! 🙂

3. Ronald Barnes says:

Is black jack luck or skill if you count cards?

4. Cloudbreaker says:

You failed to calculate that if you have, lets say, a 5k BR for playing NL200, you actually don't have 25 buy-ins! You actually have much more: if you move down every time you lose 5 buy ins, you actually have 5buy-ins*(number of stakes until you cannot move down) + number of buy-ins left at the lowest stake.
So in this case with a 5k BR (assuming a NL200->NL100->NL50->NL25->NL10->NL5->NL2 progression) you have 5*6=30 buyins +:

5k BR at NL200=1555 buyins! That is completely insane.
You are advocating for a BR strategy that is beyond ultra-conservative, and that will keep most players stuck in low stakes and demotivated.

5. PuichSeoul says:

It doesn't matter how many hands per hour you play? For example in live poker its gonna be around 25hands/hour, online it could be 400 hands/hour. But you can play higher limits in live than online. What's best then? Isn't best to take \$/hour instead of bb/100 (\$/100)?

6. Lechero says:

on ggpoker they babysit people on the river when u are against a losing player

7. No milk, no sugar says:

I am a solid recreational NL50 player, and I have learned a technique that really helps that I haven't seen published anywhere, which is to only buy in one table once a week at your new stake. This gets you used to the new stake at very low risk whilst you are still confidently making money at your current stake.

8. I suck at Gaming says:

I try GTOWizard for free for around a month, and woow ! This is very good, help a lot.. I just upgrated to premiun, and really not regret it. I doubt myself a lot when i play, and with this i can quickly see if i made a mistake or not ( after the session of course), and now whatever the outcome, i am only satisfied if i made the correct decision. Awesome tool!! Thanks

9. PositivePoker72 says:

Amazing content!! GG 👍🙂

10. misclic 2 says:

nice .. ty .. but..1st u should explain stats & diferencies beetwen them like bb/100 & ev bb /100
in variance calculator i believe ev bb is the correct stat to use
also .. size of bankroll & life style = what is most important for how variance effects life experience