BASIC RULES OF BANKROLL MANAGEMENT
1. Never play for more money than you can afford to lose
At the heart of every successful poker player is good poker bankroll management. Never play in a game bigger than you can afford and you'll never play with scared money! Follow the tips below for proper bankroll management and watch your game soar. Poker bankroll management for cash games. It is a bit easier to build concrete bankroll management strategy for cash games because the win rate is the only thing you need to take in consideration. The most common stat to measure it is EV bb/100 (how many big blinds you win per hundred hands). For example, if you play online poker tournaments with a large field or games that are quick-structured such as turbos, then you need to have a larger bankroll (300-500 buy-ins). However, if you like to play online games with smaller fields or slow structured poker tournaments, then you can get away with a smaller bankroll (200+ buy-ins). So, how exactly do you go about managing your online poker bankroll? Well, here are some great tips that will help you do just that regardless of whether you are playing online, live, or creating a bankroll for tournament poker: Create A Separate Balance for Your Poker Bankroll; Select Your Games and Tables Carefully; Always Play Within Bankroll. Poker Bankroll Management Tools & Apps. Luckily, nowadays there are tools to help with proper bankroll management. We no longer have to bring out the pen and paper! Poker Charts (picture above), for instance, is a online service that allows players to manage their bankroll and analyze results through their website.
This is the most important rule. It is always possible to lose money playing poker, even if you play every hand perfectly. Therefore you should NEVERrisk an amount of money that could get you into financial trouble away from the poker table, especially if you are experiencing a downswing.
Online Poker Tournament Bankroll Management System
Similarly you should never put yourself in a position where your entire bankroll is on the table in a single tournament or hand. Only ever sit down with a small fraction of your bankroll at any one time.
2. Be aware of your goals
Broadly speaking, poker players fall into three groups, each with different expectations and goals in the game. It is very important that you decide what you want from poker and that you select the right level to achieve your aims.
Online Poker Tournament Bankroll Management App
At the heart of every successful poker player is good poker bankroll management. Never play in a game bigger than you can afford and you'll never play with scared money! Follow the tips below for proper bankroll management and watch your game soar. Poker bankroll management for cash games. It is a bit easier to build concrete bankroll management strategy for cash games because the win rate is the only thing you need to take in consideration. The most common stat to measure it is EV bb/100 (how many big blinds you win per hundred hands). For example, if you play online poker tournaments with a large field or games that are quick-structured such as turbos, then you need to have a larger bankroll (300-500 buy-ins). However, if you like to play online games with smaller fields or slow structured poker tournaments, then you can get away with a smaller bankroll (200+ buy-ins). So, how exactly do you go about managing your online poker bankroll? Well, here are some great tips that will help you do just that regardless of whether you are playing online, live, or creating a bankroll for tournament poker: Create A Separate Balance for Your Poker Bankroll; Select Your Games and Tables Carefully; Always Play Within Bankroll. Poker Bankroll Management Tools & Apps. Luckily, nowadays there are tools to help with proper bankroll management. We no longer have to bring out the pen and paper! Poker Charts (picture above), for instance, is a online service that allows players to manage their bankroll and analyze results through their website.
This is the most important rule. It is always possible to lose money playing poker, even if you play every hand perfectly. Therefore you should NEVERrisk an amount of money that could get you into financial trouble away from the poker table, especially if you are experiencing a downswing.
Online Poker Tournament Bankroll Management System
Similarly you should never put yourself in a position where your entire bankroll is on the table in a single tournament or hand. Only ever sit down with a small fraction of your bankroll at any one time.
2. Be aware of your goals
Broadly speaking, poker players fall into three groups, each with different expectations and goals in the game. It is very important that you decide what you want from poker and that you select the right level to achieve your aims.
Online Poker Tournament Bankroll Management App
- Recreational players are playing mainly for fun and have other sources of income besides poker. If they lose their bankroll they can fund it with fresh money from their regular source of income.
- Serious players are good and profitable players but do not depend only on poker for their income. It is not the end of the world if they lose their poker bankroll, but it will hurt.
- Professional players depend on poker as their only source of income. They cannot afford to lose all their bankroll as this means they would lose their job. Therefore they must employ the strictest bankroll management techniques.
3. Do not play higher than your bankroll permits
The following information is intended to offer a good rule of thumb for bankroll requirements if you are playing sit and go tournaments and multi-table tournaments, or fixed limit Texas Hold'em . (The chart at the bottom of this page offers a general guide to bankroll requirements to play no limit Texas Hold'em cash games.)
If you are a recreational player don't risk more than 10 per cent of your bankroll at once. If you have a bankroll of $100, you should not be entering a tournament with a buy in of more than $10 or sitting at a cash table with more than that amount. For serious and professional players the bankroll restrictions are even tougher.
Sit and go tournaments (STTs): If you are a serious player, you should aim to have at least 30 times the tournament buy in in your bankroll before entering any STT. A professional player will need 100 buy-ins.
For example, a serious player could play $20 STTs with a bankroll of $600 but a professional would need $2,000 in his bankroll in order to play $20 STTs.
Multi-table tournaments (MTTs): Tournaments offer huge prizes but also huge swings. You should have at least 50 buy-ins in your bankroll in order to play them as a serious player. A professional will need 200 buy-ins. It is probably best not to play tournaments exclusively. It is safer also to play SNGs or cash games.
Fixed limit Hold'em: You should probably have about 300 big bets in your account to sit down at a fixed limit Hold'em table. For example: in order to play $3-$6 fixed limit Hold'em, you need a bankroll of at least $1,800 (300x$6) to play safely.
