Bankroll Mangement:NDN Chips
I have read alot of articles and posts on the theory of bankrool management. I have read that oneself shouldnt use more than 2% of your bankroll if your a highroller, say with like 10 grand in cash. I have read that you really dont need to go much higher than 1% of your bankroll if your an average everyday gamer, wether it be poker or casinoes, whatever your poison, I think the same rules should apply with one ofour forums most basic lifeblood, NDN Chips. Yes those chips everyone works so tiredlessly to stack up, pounding away at your keyboard, racking your brain to come up with original stuff, yuor fingers going stiff with blood dripping from the tips. I think most of will eventually end of with some form or another of degenerative arthritis. NDN Chips in my opinion are no different than actually cold hard cash, and should be managed no differently than actual cold hard cash.
I apply the same rules as i do with my poker bankrolls. I at the most will only buy-in with 2% of my bankroll, but 90% of the times i wont go higher than 1%, the exception being cash games, which unfortunately for me are my weakness in the management area. I will sometimes sit at a table regularly with 50% cash table, sometimes 100%, the whole enchalada, which Is not a good thing,but sometimes it pays off very nicely,plus keeps the adrenaline up high!
But for tournament i remain very committed to the 1-2% rule for the buy-ins. so let say that you have 1000 NDN Chips. Now if you say ok im gonna do a 400 chip buy-in once in a while when you only have 1000, which is 40% of your bankroll, then you absolutely have to win, or be crushed. Even if you only use 10% which is 100 chips per 1000, then you have ten oppurtunities to capitalize on you loses, but if you lose every single time, then back to bleeding fingers.
In order to be able to afford a 400 chip average buy-in using just 1%, that means you would have to have 40,000 chips.
But the NDN forum is unique in that it allows several different ways to earn chips, so i am gonna have to have lot of bloody finger tips if i dont be careful with how I spend my NDN chips, and i have a long ways to go before i can effectively manage my chip stack without feeling the pressure every time a buy-in to an event, which i have yet to do. I may try one or two this month, and hope and pray that i end up winning a nice chunk of the prize pool. I hope that this post will help some folks out and good luck in the month of june!:grin:
thanks for the NDN chip management theories
thanks guys im sure one of these brilliant ideas will work for me .which one i am not sure .i will have to take a little time to think about it after i blow half my bankroll for entry to the chips game tonight LMAO!!!!!!!!;);)
probably gonna have to checkout the casino
