Poker Bankroll Management for Dummies (and Beyond)

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HomePokerBankrollManagementforDummiesPokerBankrollManagementforDummiesOneofthemostoverlookedaspectsinpokerisbankrollmanagement。

Manygoodplayersfailtolastthelongrun,becausetheyhandletheirmoneysopoorly。

It’sashamereally,toseesomanygoodplayersfalltothewayside,simplybecausetheyeitherhavenoself-control,orlackthebasicknowledgeofhowtoproperlymanagetheirbankrolls。

Theytypicalplayerdepositsafewbucksonline,orheadstothenearestcasinowithafewhundredintheirpocket。

Theysitdownatthehighestlimittheycanaffordandplayuntiltheyareeitherbrokeordon’tfeellikeplayinganymore。

Mostofthetimeit’stheformer,notthelatter。

Thisplanisaswellandgoodfortherecreationalplayerwhoonlywantstoenjoythemselvesforabitandwinningmoneyisanicesideeffectofplaying。

But,you’vecomeheretolearnaboutpokerandyouaren’tthetypeofpersonwhosimplywantstohaveagoodtime。

Youwanttowinmoney!

ThisarticlewillhelpyoutobecomebetteratmanagingyourpokerbankrollsothatyoumayhandletheswingsthatwillinevitablycomeyourwayinHoldemPoker。

Sincemostofusplayonlinethesedays,thisarticlewillbegearedtowardsthisarena。

However,mostofwhatisinherewillalsoapplytolivepokeraswell。

Alsosincethereareafewdifferentformatsofpokerthatcanbeplayedonlinethateachrequirestheirownsetofguidelines,thisarticlewillbreakeachgametypedownintosections。

Wewillcovercashgames,tournamentsandSit-N-Go’singreatdetailandyoushouldbytheend,haveanideaofhowtoputasolidplaninplaceforyourself。

Sit-N-Go’s

Note:Fromthispointforward,theterm:Sit-N-Gowillnowbe-SNG。

TheSNGistheeasiestforumtomanageyourmoneyinpoker。

Theyhavetheleastamountofvarianceofallgametypesforthemostpart。

Whenyoustartplayinghyperturbos,youcanthrowalllogicoutthewindowandprepareyourselffortheworsetimeofyourlife。

Hyperturbosaside,youcangetawaywithasmallerbankrollthanyouwouldatcashgamesortournaments,especiallyatlowerlimits。

Ifyouarenewtopokeranddon’twanttodepositalotofmoneyatonce,youcangetawaywithusinga25buyinruleatthelowestlimits。

Theplayissobadattheselevels,youshouldn’trunintotoomanydownswingsthatwillleaveyoubroke。

Ingeneral,itsbesttohavearound50buyinsforanylimitthatyouwanttoplayonaregularbasis。

Thismeansthatifyouwanttoplaythe$6。

5018mansonStars,youshouldhaveatleast$350。

Thisamountofbuyinswillensurethatyouwillmakeitthroughthoseuglydownswingsandstillhaveabankrollintact。

Tournaments

Inmyopinion,anonlinetournamentisthemostvolatileformofpoker,thusrequiringastrictersetofrulestofollow。

Mostonlinetournamentswillhaveupwardsofafewthousandplayersmakingitverydifficulttohitafinaltableorevencash。

But,whenyoudocash,therewardswillbehugeevenatthelowerbuyins。

Tomakeitthroughthelongstretchesofnocashesorsmallones,youneedtobevigilantwithyourbankroll。

Agoodruleofthumbistousethe2%rule。

Thisrulewilldictatethatyoumayonlyuse2%ofyourbankrolltobuyintoatournament。

Ifyouhavea$300bankroll,youshouldplaynohigherthana$6buyin。

Forthosethatplaymultiplegamesatonce,youmayhaveahardtimedistinguishwhat2%ofyourbankrollwillbeafteryouregisterforsomanygames。

Ifindit’seasiesttousethe2%ruleatthestartoftheday。

So,ifyouhave$300,youshouldn’tplayanythingabovethe$6buyinforthatentireday,unlessyouhitabigscoreofcourse。

Theonlycaveattothisrulewouldbeforthosewhoplaymassiveamountsoftournamentsinonesitting。

Believeitornot,therearesomeplayerswhowillinglyplayhundredsoftournamentsadayonline。

Whysomeonewouldwanttosubjectthemselvestothistortureisbeyondme,buttoeachhisown。

I’mabitbiasedonthistopicasIprimarilyplaycashandpersonallycan’tstandtournaments。

But,todaystournamentshaveexcellentvalueandifyouhavethestomachforit,theycanbeverylucrative。

CashGames

Cashgamesfallsomewhereinbetweenthelattertwoformsofpokerasfarasvolatilitygoes。

However,thefactthatyouhavealotmoremoneyonthetablethatcanbelostwilldictateaverystrictmanagementstructure。

WithaSNGorMTT,youonlyhavethebuyinitcosttoenterthatyoucanlose。

Thisisquitesmallincomparisontocashgames。

Toputthatintoperspective,let’suseanexample。

Let’sassumeyouhave$300andareplaying$5SNGs。

Youcanonly$5atanygiventimeifyou’replayingonegameatatime。

ThesamewillholdtrueforMTTs。

Ifyouwereplayingcashgamesandhadabankrollrulethatallowedyoutoplay50nl,youcouldlose$50inanyonehandofpoker。

Thatbeingsaid,cashgamescanalsobethemostrewardingforagoodplayer,butyouwillneedamuchlargerbankrollincomparisontotheotherforms。

Withcashgames,youneedtohaveatleast40buyinsforanylimitthatyouwanttoplay。

Ifyouwanttoplay50nl,youshouldhaveatleast$2,000。

Evenifyouwishtoplay10nl,youshouldstillhave$400。

Youcangetawaywithasmallerbankrollatthemicrolimitsduetotheweaknessofthecompetition,butit’sstillgoodtopracticeproperbankrollmanagementatanylevelofplay。

Youwanttodevelopgoodhabitssothatyouwon’thavetoworryabouttoomuchwhenyoustartmovingup。

Havingagoodmanagementinplaceonceyougettohigherlimitswillbeonelessthingtolearnandyoucanfocusyourtimeandenergyongettingbetteratpoker。

Movingupanddownlimits

Movingbetweenlimitscanbethehardestpartofbankrollmanagement。

It’sstillrelativelyeasy,butmostdon’tuseapropermethodtoensurelongtermstability。

Incashgamesyoushouldmoveuponceyouhavethe40buyinsforthatnextlevel。

But,ifyoudon’tfeelyouarereadyfortoughercompetition,youshouldstaywhereyouareuntilyoufeelcomfortable。

Youshouldmovedowninlimitsatcashgamesonceyoureachacertainthresholdaswell。

Everyonewilluseadifferentguidelineforthis,butIliketodropdownlimitsifIgoona10buyindownswing。

IfI’mplaying50nlandhavea$2,000bankroll,IwoulddropdownalimitonceIhavearound$1,500orso。

IwillcontinuetoplaythenextlimitdownuntilIagainhavethe40buyinsfor50nl。

WithSNGsyoucanfollowthesamerules。

Moveupwhenyouhave50buyinsforthatlevelandmovedownalimitifyoulost15orsobuyins。

Thereareafewthingsyoucandoalongthewaythatwilltakeyououtsideyourbankrollguidelines,butthesewillbewellthoughtoutcalculatedrisksthatcouldshowahugereturn。

Inacashgame,youmayspotaveryjuicygameatalimitthatyouaren’tbankrolledfor。

However,thegamecouldbesogoodthatitwouldbeworthwhiletakingashot。

SometimesIspotagoodgameandwilltakeapercentageofmyrollandtakeashotathittingabigscore。

IfIlosemypre-setbuyinsforthegame,IwillstopandgobacktowhatIwasplaying。

Ineverrisktoomuchthoughandonlydosoifthegamewillshowabigreturnonmyinvestment。

Inclosing,followingastrictbankrollguidelineinpokerwillhelpfurtheryourcareerandmakesurethatyoualwayshavemoneytoplay。

Thinkofmoneyinpokerasyourtoolformakingmoney。

Withoutthistool,youcannotworkandyouwillnotmakeanymoney。

Treatyourrollwithrespectanditwillreturnthefavor。

TexasHoldemPokerOnline。