Poker Bankroll Management

January 25, 2010

Bankroll Management

 

One of the most underrated poker skills in the game is bankroll management.
So many players are obsessed with learning the latest poker strategy that they forget about basic skills that can really increase their winnings and prevent them from going broke.
This article will teach you the basics of poker bankroll management, and show you how to effectively manage your bankroll to minimize the risk of going broke when you play online poker.
 

Ring Table
 

There are basically two schools of thought when it comes to bankroll management.
The first involves bankroll management for cash game players.
You always want to have a bunch of buy-ins for whatever level of cash game you’re playing, because no matter how good you are, if you play long enough with only one buy-in you’ll go bust.
I recommend having at least 50 buy-ins for the level you’re playing at, if not 100.
 

So, if you’re a $5/$10 player and normally buy into the game for $1,000, you should have at least $50,000 in your poker bankroll if you want to negate swings and variance when you play online poker games.
It may seem high, but if you’re a professional player and poker is your income, you really can’t afford to go broke so you have to minimize your risk in poker.
Your rakeback payment from poker rakeback online is paid into your account every month, and this is also a good lifeline to have, if you have had a bad month.
Then you will atleast still get your rakeback.
If you are not getting rakeback when you play online poker, you are missing out on a lot of money every month.
Learn more about poker rakeback, or you can sign up right now here.
 

Now, if you’re a more casual player, and poker is only a part time income, you can get away with only having 20 buy-ins because it isn’t the end of the world if you go broke.
Twenty should protect against most swings, but make sure you know that if you run really bad for an extended period of time that you could go broke.
 

Multi Table Tournaments
 

For professional tournament poker players, I recommend having at least 50 buy-ins for the level of tournament you regularly play, if not 100. MTT’s have even more variance than cash tables, so you need to be able to protect yourself against bad runs.

So, if you’re a player who normally plays $50 tournaments, I recommend having a bankroll of at least $2,500 to protect yourself against bad swings and bad beats. In fact, you’d be even better off if you had a $5,000 roll in case of any really bad variance.
 

If you play at the best online poker sites I’d recommend having a few extra buy-ins because the level of aggressiveness online is absurd, so you’ll experience more up and down swings than at live poker tournaments.
 

If you’re only an occasional player or don’t play seriously, you can get away with having only 20 tournament buy-ins because once again, it’s not the end of the world if you lose your bankroll – you can reload. Good luck!

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