How to Save Your Poker Bankroll

February 08, 2010 :: Posted by - admin :: Category - Poker Strategies

What is Bankroll Management?

Bankroll management is a winning poker strategy where you play at certain limits to avoid losing all of your poker bankroll due to bad runs of cards. Many players who play online poker gamesĀ and loose money claim they’re simply unable to keep a balance online. If you’re one of those players who can’t seem to keep a roll, this article might be just what you’re looking for.

[caption id="attachment_928" align="aligncenter" width="294" caption="Poker Bankroll"]Poker Bankroll[/caption]

Simple Bankroll Management Rules

Every poker player wants to give themselves the best opportunity to win a maximum amount of profit whilst keeping the risk of going broke minimal. This is where the rules of bankroll management come into play.

Rule #1: You absolutely must play within your poker bankroll if you want to play online poker games and make money. The simplest way to explain it is to look at the following example. Take two players and pit them against each other in a zero-sum game (such as flipping a coin, where each player has an expected win/loss rate of exactly 0%). One player has a finite poker bankroll. The other has an infinite bankroll. Given infinite repetitions of the game, the player with the finite roll will eventually go broke.

Rule #2: Enter a cash game with 5% of your poker bankroll and 2% for tournaments. This would normally mean that if you had a $100 bankroll, your maximum buy in should be $5. That’s 20 buy ins.

If you intend to playing online poker games for real money, it is essential that you exercise good bankroll management skills.

Rule #3:
Don’t monitor your balance. If you’re following the first rule and playing with a legit poker bankroll, then you’re in little-to-no risk of going broke. If the number goes up, so does your spirits. But it only takes one beat to make that number go down. And if you’re still checking your balance, seeing that smaller number will make you feel bad.

As soon as you have that thought, you’ve started chasing your losses. You’re going to start forcing your play to get back to where you think you should be. The only way to get it back fast is to jump limits and take a shot at a big score. This breaks rule #1, and is the first step to going broke.

Bankroll management is a key to becoming a successful poker player. Breaking these rules will result in 99% of players going broke.

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