bankroll downswing EV variance Manuel "Phemo" provides an in-depth guide to managing poker tournament bankroll, explaining how to calculate risk, optimize earnings, and make smart financial decisions in multi-table tournaments. Understanding variance, managing financial risk, and adapting bankroll strategy are crucial for long-term poker success. Bankroll Management Essentials: Use variance calculators to estimate potential tournament outcomes Balance risk and earnings by understanding your expected value (EV) Aim for a 5% risk of ruin as a standard benchmark Consider swapping or selling tournament action to reduce variance Adjust bankroll based on tournament field size and your skill edge Never risk more than 2% of bankroll in a single game Continuously improve skills to increase ROI and reduce variance
