7 Card Stud Bankroll Management
One of the biggest problems that any poker player faces is trying to maintain their bankroll over time. You may run into a hot streak from time to time where you win 10-20 buy-ins, but those types of sessions are far and few between. What makes a great 7 card stud player is the ability to stay strong during the cold runs where you can't seem to win anything. The only way to stay afloat in a downward spiral in 7 card stud is with bankroll management.
The first thing that you need to do is determine how much money you need in your bankroll to overcome bad variance. The amount of money you need in your bankroll is dependant upon what format of 7 card stud you're playing. We're going to take a look at the different formats that you can play online as well as an ideal bankroll that you should try and maintain.
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- To survive as a 7 card stud cash game player bankroll management is imperative to your success. You should try and maintain a bankroll of 250x the big bet at least although more would be even better. If you're playing a $1/$2 stud poker cash game you should have about $500 in your bankroll, but you shouldn't bring that all to the table. You should buy-in with about $50 so that if you run into a bad beat you don't lose everything. Once you build up your bankroll you can maintain a much larger amount, but 500x the big bet is ideal for casual players.
- If you want to play sit and go tournaments or multi-table tournaments you need to have about 100-200 buy-ins in order to allow for variance. If you want to play a tournament with a buy-in of $5 you should have a minimum of $500 in your bankroll. If you focus mainly on bigger MTT's your bankroll should be closer to the 200 buy-in level since you're going to cash a lot less in MTT's.
Now that you know how much money you should keep in your 7 card stud bankroll I want to leave you with a few finals tips that'll help you maintain your bankroll. Whether you play poker everyday, every week or every month you should set limits. If you play everyday then you should set your loss limit at 2 buy-ins for cash game players or 5 buy-ins for tournament players. Never move up limits when you're losing to try and recoup your losses, as this is a quick method to losing your bankroll. If you win a large amount of buy-ins one day or a big tournament you should withdraw some of the money from your bankroll and use it towards treating yourself to something special or towards other expenses you may have.
7 card stud can be a very fun poker game to play, but only if you're winning money. Use the tips above and you shouldn't have a problem staying alive on the poker tables for years to come. Don't worry if you need to start out on micro limit tables because it won't be long before you earn enough money to move up limits.