So the basic part of my BRM, which needs to explanation really is:
$10 and lower games: 20 Buy-ins
$20-$50 Games: 30 Buy-ins
I always drop level if I have lost half of the required buy-in.
I do not plan to play higher than $50 this year, but if i do, there will a lot of preparation before put a BRM in place.
Now on to the other portion of this.
I've seen first hand how a lot of people would stop just there when it comes to BRM and while I am no judge to nobody, I do think that to have better success you have to be aware and be prepared for anything, so:
1. Security. I was not around when Black Friday happened, matter of fact I didn't even knew poker existed when Black Friday happened. However I read up on it, saw how the poker community had forever been changed by it, but I didn't had that scare and worry that everyone had. In 2014, Titan Poker discontinued customers from the Bahamas, this was the first time I had lost money from having an account frozen for a reason I don't know. For a very long time, one of the main reason I never decided to chase the high stake dream was because of this fear that, you never know. I am not in anyway going to question the integrity of any Poker Site, but I took measurements to be more secured. With the advantage of having an eWallet and being able to make instant deposits to poker site, I would usually just keep on enough money to play the games I want and withdraw any extra amount and just re-deposit the amount loss. This also opened up a lot of benefits for me, especially on 888poker. One of the best benefits to this is being able to take advantage of 888poker non-stop bargains and deal for customers who deposit. Another advantage of this, is I don't feel the backlash of having to wait for a much needed withdrawal from their withdrawal wait, etc. There are also a few other benefits I love, but these 2 are quite important and could be game changers for anybody. The most important thing though is if anything were to happen to my account for whatever reason, I only lose a portion as to losing everything.
2. Quitting and playing. For the record this shouldn't really matter if you have a really good BRM. However, part of having a good BRM for me is measuring my threshold between putting bad volume in (When I am stress, tilted or tired) and putting good volume in. Up to this day, I have this problem where If i am playing good, i would get fatigued faster and if I am having a bad day, stress or tilted preferably, I could play for hours until I am just sick. I personally don't like it, and while I am getting better at the problem, it still remain a problem that haven't been fully solved. Either way, finding your threshold is indeed important. In the past I've tried stop losses, milestone breaks (Like when i lose or win a certain number of buy-in take a few days off) and little tricks and tips to keep my bad volume in check with my good volume and I also tried to push my good days to match the volume with my bad and while I had ups and down trying to figure it out, I learn that this is extremely important in regards to maintaining my bankroll.
3. Variance. We should all know what this is, but alot of people don't know how bad things can get as well how good things can get. Just being aware of the type of variance you can face can change your BRM game. To me, you should always know how deep the wound of variance can get and you should always know how good the Poker gods can treat you as well. Knowing these 2 is like putting on your battle armour and we all know you never want to enter the battlefield not only being unprepared but unequpped as well. Poker Dope is the best place to go in my opinion to really learn about variance in your games.
4. Rakeback and loyalty reward system. I was thinking if this is worth putting into the BRM because this is such a big topic in of itself, but no matter how I think about it, this will have ties with #3. If you are like me and are more into the volume side of things over hourly (Not to say ignore hourly or say its not important) then you should be very aware of how much you can earn through rakeback and reward systems. This itself, is another thing that should play in your awareness game because once you dive into variance you will notice stuff like how you could have the worse swing in life and lose a ton of buy-ins. Naturally it would mean that you need to have more buy-in available to always be sustained but your reward system can actually make it where you don't have to have all those buy-ins. Either way, however you choose to handle your reward is up to you but the most important thing here is that you should at least look for something. In combination with the first benefit i mention from #1, you can potentially increase your reward that will play a major part in sustaining your bankroll
5. Preparation. Most of everything i said, related to being aware but once you are aware you want to be prepared. Like i said, its nothing wrong with just having your BRM set to something simple as x-number of buy-ins, but if your like me, you want to make sure your x-number of buy-ins is actually sustainable and you want to take all the necessary steps to be sustained. It's no fun to lose your bankroll whether it's big or small so anything to help increase the chances of success is always worth it right? Be prepared.
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