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[Windbreaker]

I think for NL, the guidelines depends on your style of play and how much your starting bankroll is. If your bankroll is only $50 then I wouldn't mind putting it all in one table because:

A) winning 2 dollars on the 5/10 cent tables after an hour is a waste of time
B) Players at the lower stakes more often than not are poor players
C) I'm disciplined enough to lay down a hand to an over bet even if I may think I'm ahead

Yes, it's never really a good idea to place your entire bankroll on one table, but if $50 is all you can afford to put into poker, quit and get out of the game.

I think for players with limited bankrolls or are new players that SNG are by far the best way to learn and earn money. If you keep buying in for 5.50 or so, you'll quickly learn to find a way to get into the money and usually you can get an hour+ at the table without risking all that much.

The worse way to spend the majority of your bankroll is on a MTT. The majority of the payout is in the final table. For people with limited bankrolls this is a poor way to build a bankroll. It's almost like a lottery. You know your shots at winning it aren't great, but if you finish well you're getting a huge payout.