Bankroll management in sit and go poker tournaments
Journal article, 2016

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.

Bankroll management

gambling

Sit and go poker tournaments

poker strategy

Kelly criterion

game theory

Author

Björn Lantz

Chalmers, Technology Management and Economics, Innovation and R&D Management

The Journal of Gambling Business and Economics

1751-8008 (ISSN)

Vol. 10 2 1-10

Subject Categories

Business Administration

Probability Theory and Statistics

More information

Created

10/7/2017