Bankroll Management has played an important role in any professional’s poker career. In this article, let’s dig further into tips that should help you handle your poker money responsibly.
What is bankroll management?
Bankroll Management is simply managing your poker money. Every poker player uses different principles and rules in this regard. For example, some poker players take a lot of risks with the poker money they have. Some poker players are actually very conservative with their poker money. Many prefer a somewhat more conservative style because that way you run less risk in the longer term and can more easily handle major setbacks.
Bankroll Management in Live & Online Poker
Bankroll Management tip 1. “Only play for play money if you are inexperienced or underage.”
Regardless if you are playing live or online poker (홀덤사이트), bankroll management is an important factor that wouldn’t make you go bankrupt with your hobby. When can you start playing for real money? That really depends on how often you want to play for real money and how responsibly you can handle your bankroll. If you follow specific bankroll management tips strictly, then you can start playing poker for real money right away.
Bankroll Management tip 2: Keep your poker money and living money separate, keep a poker pot.
Keep your living money and poker money strictly separate. That means you don’t play with your living money and don’t live off your poker money. A very simple, but the strict rule. You don’t want to go broke and so your poker pot had to stay filled. Deposit a fixed amount into your poker bankroll every month. Regardless of whether you made a profit or a loss the month before. After all, every hobby costs money.
Bankroll Management tip 3: Play tournaments with a maximum average buy-in of 2 to 3% of your bankroll
Variance refers to the fluctuating trendline that your poker results have. Sometimes you lose a number of times in a row, then you have a downswing. Other times you often win in succession then you have an upswing. Upswings and Downswings are part of poker and are part of the variance. Even the best poker players in the world sometimes have quite a few tournaments in a row that they don’t win any money. That is why it is important that you make choices that overcome the variance. Your goal is to manage your money wisely.
If you are more of a tournament player then it is recommended to agree on an average buy-in with yourself. The average buy-in of your tournaments is quite simple. Add up all the buy-ins of the tournaments you will be playing and divide by the number of tournaments you are playing.
Take an average buy-in of 2 to 3% of your bankroll. Is your bankroll rising? Then you can play higher buy-in tournaments. If your bankroll drops, you should play lower buy-in tournaments.
Tip 4: use a table for cash game bankroll management
Cash Game Bankroll Management is different from tournaments. Swings at cash games work differently from the swings you have when playing tournaments. Poker players often keep a table that states what limit they should play at, when they can go up a limit and when they should go down a limit. By drawing up such a table you ensure that you never go broke. To help you on your way, we have drawn up a cash game bankroll management ladder. This ladder is very safe, making it almost impossible to go broke. Do you want to start at higher limits? Then deposit a slightly higher amount or take a little more risk, but be careful. The more risk you take, the more likely you are to lose poker money.