I think 50x max buy in is actually very much on the conservative side, especially if you consider that we’re usually able to buy in for at least 200 big blinds on tables here. The usual advice you see floating around is 20x max buy in, and that normally assumes a 100 big blind max buy in.
As you multi table, especially if you are already adopting a more conservative bank roll management strategy, I don’t think you need to worry too much about modifying your limits, as playing many tables at the same time is not really different from just playing one table for longer, assuming your standard of play does not suffer too much when you play on more tables. I actually find I generally do better playing multiple tables: I think I tend to get fancy play syndrome more when playing on only a single table, and tend to be more patient and simple in my play when multi tabling, which doesn’t sound like it should help that much, but in the environment we have here at Replay, it seems to.
My rule in general has also been on the very conservative side: I start playing at a higher level once I get a bank roll that is 100x my current highest level table. Also, when I first move up, I don’t multi table, so that I can focus on taking more notes and getting a feel for how the level plays differently. Once I’ve grown my bank roll 20 to 30% over the minimum threshold I needed to start playing, then I’ll start to experiment with a 2nd, and eventually a 3rd table (but I’ll still mostly play 3 tables at one level below).
You can safely manage bank roll without being that conservative, but this has worked well for me:
- It gives me time to adjust my play to the new patterns I’m seeing. I think some players also play differently at different levels. You might see someone that is a maniac at a lower level, but then becomes a complete nit at significantly higher stakes.
- It give me time to simply savor the experience at a particular level. These are play chips… this kind of stretches out the experience.
- It helps to manage volatility by managing tilt. If you take a bad beat and lose 30% of your bank roll, that’s quite a bit tougher to take than the same beat that costs you 1% of your bank roll. And for those prone to tilt, you are often then prone to abandon your normal rules of bank roll management, and that can greatly exacerbate volatility, and often put your whole bank roll at risk.
- I’ve never broke the bank in 20 years of doing this with both play money and real. So for me at least, it works.