Hell'nBack
Well-Known Member
ZenKinG said:Also, let me add this, many people use ROR but dont actually understand what that means even when they THINK they do as ill get into below.
ROR is the % chance of losing ALL of your bankroll. What about losing HALF of your bankroll? Because if you lose half, you better resize or youll probably go bust and now what? Are you ready to play smaller stakes at a lower win rate per hour to make up the loss? So what i recommend to people is find out what your true ROR is by NOT using your whole bankroll, but assuming you will lose HALF of it and then taking the ROR based off of half of your bankroll.
This way, you dont have to resize and deal with that psychological burden of having to bet less after losing at higher stakes, while also keeping a very low ROR, and it also gives you a much better long term idea of what your win rate will be since you can use a fixed bet size/spread throughout rather than resizing back and forth.
Many players split their banks into several parts; they have several reserve bankrolls to cope with negative flux. Instead of one large bankroll of $100K, they have split to 4 bankrolls of $25K each.