Posted: Thu Jul 05, 2007 3:31 pm Post subject: Effect of rakeback on bankroll management
I can't figure out things like that on my own, so I'll simply ask: What effect should the fact that you get rakeback have on your bankroll management? It seems most of the advice on bankroll management do not take into account rakeback and bonuses. Therefore I'd guess you can be more aggressive with your bankroll, if you receive rakeback - but how much so? What if you get 30%? Or 50%? Or 100%?
i think that the best way to deal with rakeback is to add it to your earn rate
so when i was playing full time my long term win was about 0.8 bb but with rakeback it was about double that
my bankroll management was then based on conventional wisdon
i had to take money out to pay my bills so that made it easier to deal with
if you are not a pro and/or not taking money out the situation is a bit more murky
uhmmmm i guess if you are not ready to move up an use a more risky strategy based on toro's (2) above you will get hammered and move down
i guess this means that people who are quicker leaners can employ a more aggressive bankroll strategy
Thank you both for your answers. I won't be aggressive with my BR, because I'm not comfortable playing too high. Also, I'm not sure if my question makes any sense at all. I think basically I want to know how rakeback affects my risk of ruin. I guess the answer is it increases my winrate, so my risk of ruin should be lower. Hm, I think I'm too confused to express clearly what I think/want to know.
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