Whether low stakes or high, you should decide on what’s right for you based on your skill level and what you’re comfortable betting.
Type of games played
Tournaments have a much higher variance than cash games. This makes for a high fluctuation in your bankroll demands.
What’s variance? Another of poker’s more jargon-y terms, variance is used to examine the differences between an individual result and the average for a set of results.
To explain variance, it’s often compared to chess. Chess is a game purely of tactics and skill, whereas poker needs skill too, but mixed with luck.
The variance is produced by the difference between good and bad luck. In high variance games there’s a greater element of luck, which makes the outcome less predictable.
The higher the variance of your game type the more buy-ins you should have in your bankroll.
The size of your bankroll also depends on how good a poker player you are.
If you’re a cash game player that wins 50% of the time, you need a bigger bankroll than a player that wins 75% of the time.
Why? Because you’ll need more buy ins.