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Bankroll Management In Sit And Go Poker Tournaments

Author

Listed:
  • Bjorn Lantz

Abstract

This study focuses on Sit and go poker tournaments, where a player with an advantage over her opponents needs to manage her bankroll properly. The study applies the Kelly criterion to games that have several outcomes, where the organizer charges a rake. The premise is that an advantage itself is not enough for a poker player to play at any stakes, because risking too large a fraction of the bankroll will result in a negative expected growth rate, even though the game itself is characterized by a positive expected value. Accordingly, this study uses a formula-based approach to address the challenge of identifying games where the player’s current bankroll has the highest expected growth rate, while also considering differences in the rake.

Suggested Citation

  • Bjorn Lantz, 2016. "Bankroll Management In Sit And Go Poker Tournaments," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 10(2), pages 1-10.
    • Handle: RePEc:buc:jgbeco:v:10:y:2016:i:2:p:1-10
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    File URL: http://ubplj.org/index.php/jgbe/article/view/1096
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    More about this item

    Keywords

    Bankroll management; gambling; Sit and go poker tournaments; Kelly criterion; poker strategy; game theory;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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