← Academy

Mindset · 6 min

Bankroll management: surviving variance

Even if you're a winner, without bankroll management variance can break you. How many buy-ins and when to move up.

Your bankroll is the money dedicated only to playing, separate from your living money. Good management doesn't make you win more per hand, but it keeps from breaking you before your skill shows.

How many buy-ins

FormatRecommended bankrollWhy
Cash NLHE20–30 buy-ins of the stakeVariance is lower than in tournaments
Tournaments (MTT)100+ buy-insPrizes concentrated in the top spots = huge swings
Sit & Go50+ buy-insIn between cash and MTT

Moving up and down in stakes

Move up in stakes only when you have the bankroll for the new stake and you've been winning over a big enough sample. And the most important thing, the one almost nobody does: move down if your bankroll drops below the threshold. There's no shame in moving down; there's shame in going broke.

✓ Consejo: A “shot” at a higher stake is fine if you decide in advance how much you're willing to lose before moving back down.
⚠️ Error común: The mistake that breaks good players: playing stakes too high for their bankroll “because they beat the game.” Variance doesn't forgive a lack of cushion.
💡 Clave: Enough buy-ins for your format, move up with your head and move down without ego. The bankroll is what keeps you in the game long enough for your skill to win.

Key terms in this lesson

Variance
The short-term swing in results due to luck.
MTT
Multi-Table Tournament: a multi-table tournament with payouts by finish.
See the full glossary →