How to Handle Poker Bankroll Management Properly

How to Handle Poker Bankroll Management Properly

0 comments 01 December 2019, 13:12

Besides not having enough knowledge and skills, the main reason why poker players go broke is because of a poor bankroll management. Any good player will advise you to practice bankroll management as often as you practice any other skill or technique.

The amount of money you have in your bankroll should dictate the stakes you are playing. This is easy to understand in theory, but much more difficult to apply in practice.  The golden role is to only use money that you can afford to lose.

The money in your bankroll are only for playing poker. Other expenses should not be included here. If you have a bankroll of $2,000 but you have to pay your rent and bills for $1,500, then your bankroll is $500 and not $2,000. If you play with money that you can’t afford to lose, you will play with fear and this will affect your decisions and overall game.

Another aspect to take in consideration is if this bankroll is the only one that you have, or maybe you have others as well. If you have a full time job and your bankroll is just a small part of your salary, then it’s ok. But if you are making a living out of poker and this bankroll is all that you have, then you need to be more cautious.

The bankroll should be a cushion for when you are losing, which will always happen, even to the best players in the world. You need to have enough buy-ins so that you can afford to keep on playing and get your money back. If your bankroll is too small or you are playing at stakes that are too high, a single hand could put you out of the game.

The size of your bankroll depends on many factors, including the type of game you are playing. For example, you will need a larger bankroll for a pot-limit Omaha cash game compared to a 6 max. no-limit hold-em cash game, because PLO has a wider variance. Multi table tournaments need an even larger bankroll than PLO.

For No-Limit Hold-em 6 max. cash games, most players recommend a bankroll of 100 buy-ins just to be safe, and an absolute minimum of 30. For PLO the recommended amount would be that of 100 buy-ins and the absolute minimum of 50. For multi-table tournaments, it’s best to have around 500 buy-ins, and a minimum would be 100. These amounts may seem really high, but it’s better to be safe than sorry.

These were just the basics of learning how to handle poker bankroll management properly, but there is much more to it. Feel free to do your own research, as you will find plenty of useful articles and tutorials.

No Comments

No Comments Yet!

You can be first one to write a comment

Leave a comment