The formulas for these calculators were developed by Chris 'Fox' Wallace, an expert on poker bankroll management. They are based on the Kelly Criterion as well as typical variance numbers for all games, and designed to maximize the rate of increase in your bankroll. As an example, the SNG Calculator's Risky number is based on playing at 70% of the Kelly level, which cuts down variance significantly while still giving most of the rate of increase that you would get from Kelly.We recommend cautious numbers that help you avoid moving up and down frequently
Because most poker players will have a higher win rate if they become familiar with the games at a particular level, we recommend cautious numbers that help you avoid moving up and down frequently. Moving up slowly helps with confidence, cuts variance, and increases the win rate for most players. So waiting to move up until you have a solid bankroll for the game you are playing is not just a wise decision, it's the only reasonable decision.
The Risky number is the bare minimum that you can play with, and playing at this level will make it more likely that you need to move up and down in stakes. For serious players the Protected number is a better choice, and if you are playing poker for a living we highly recommend using the Pro level.If you're playing poker for a living we highly recommend using the Pro level.
If you are a casual player who is playing low-limit games where your bankroll can easily be replenished from your next paycheck or you're playing online slots at Betonline Poker, then feel free to ingore our advice or take it with a grain of salt, we won't hold it against you. In fact many players do quite well this way, replenishing their bankroll once in a while from a paycheck, sometimes withdrawing money when it gets large, and not worrying about bankroll management. This makes sense because managing such a tiny amount of money is a waste of brainpower as well as time you could be spending playing poker.
If you decide to get serious about your bankroll, or if you now have more money than you can comfortably replace, then we're glad you're here. We've put a lot of research into these numbers, and we hope they are helpful in your quest to build a bigger bankroll.