Poker Bankroll Management Strategies
Having an online poker bankroll and knowing how to manage it is one of the first steps every player should take before they start playing online poker. Properly managing your money is important in your everyday life from paying bills to balancing your checkbook. Doing the same with your online poker bankroll is just as important.
A poker bankroll is simply the money that a player has set aside that they can afford to lose only for the intention of playing poker. Using this bankroll a player can build on it and make a profit or choice to move to higher stakes.
Even if you are a casual player playing micro or low limit stakes you should consider keep track of your online poker bankroll.
Stakes Your Bankroll Allows
The stakes that you decide to play at should be determined by the size of your bankroll. This decision should be true every time you choose to log in to your online poker site.
Going up in stakes to try to win back money from a losing streak often will result in disaster.
Determining What Stakes to Play at
You may ask how much money should I have in my bankroll to play at a specific stake? This depends on what game you are playing and if it is no limit or limit poker.
Below is a simple chart that should work for your above average player.
Limit Holdem – 300 Big Blinds
No Limit Holdem – 20 buy-ins
SNG Tournaments – 40 buy-ins
The amount may seem like a significant amount, but online poker bankrolls are there to help you get through losing swings and to keep you from playing scared.
Moving Up in Stakes
If you online poker bankroll grows you may want to consider moving up to the next level in stakes. Once your bankroll his big enough don’t be scared to move up, you can always move back down to the lower stakes again.
A good tip when moving up in stakes is to not buy-in for the full amount at first. Remember, what stakes you play at does not determine how skillful of a poker player you are.
Online Poker Bankroll Wrap-up
When playing online poker you should only have to think about how to play the game and sharpen up your skills, not about the money you are playing with. Lastly, bankroll management won’t help if you’re a losing player so make sure to keep concentrating on making your game better.
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