Joined: 05 Feb 2006 Posts: 2364 Location: Edinburgh
Posted: Tue Dec 18, 2007 7:41 am Post subject: MTT Bankroll
Still not clear about this one.
I recall a quote from an early Sklansky book that I think suggested something around 60 buy-ins. I think the article I read this in said that this figure was out of date now; especially due to the large number of players in in the tourney fields nowadays.
An award winning article by Fox suggested a pro figure of 200 for a 200 player tournament. There are two other figures of 100 and 40 buy-ins too depending on how much risk you want to take. However, there is no figure for say a 1K player event.
Finally there is Snyders fudge formula. Sounds like a yummy recipe but it's actually a simple bankroll formula: Find the square root of the field and double that. So for a 200 player event we get a bankroll of around the 30 mark. This is much less than the above 2 idea's.
What I'm looking for is a bankroll for say a 1000 player event given a 200% playing advantage. Snyder gives this as around 70 but this doesn't sound like a safe amount to me.
Can anyone help, or direct me to some articles? I would especially like to see the risk involved along with the bankroll amount. (Risk of ruin I think.)
I think when you get to that level of players it depends on how good you are and how often you think your skill can have you finishing in the money and decently in the money.
Also, the more players - the higher the amount of luck because you'll probably need more than one coin-flip throughout.
I think the best bet is to calculate what will keep you profitable without a bad run of cards and then maybe double/triple it to account for luck but I think if you have some sort of baseline to work from, its a lot easier.
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