Bankroll Management

Bankroll management is a must to being a successful poker player. It’s one the first things I try to tell young beginners at poker to learn, and besides not playing while drunk , I really think it’s the most important thing to learn.

Proper bankroll management is when you play at certain limits to avoid losing all of your money due to a bad run of cards, and every poker player must expect from time to time for that to happen. This is what playing within your bankroll is all about.

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Whether you’re playing for fun or a living, a bankroll is necessary. Without it you’re just stuck playing in the freerolls that places like Carbon Poker offers or the play money tables at the online poker rooms… and what sorta fun is that ?

Some of the best Pro’s in the world will tell you to bring no more to than 5% of your bankroll to the table when playing poker and that’s very solid advice for anyone to use. I personally think this works out really well for buying into tournaments.

I’ll be honest about it though, I do like to stretch the limits a bit and play with 10% of my bankroll if it’s at the cash tables for any one session. The advantage to only bringing 10% (or the 5%)of your bankroll to the felt is that you can’t lose more if things go bad.

But whether it’s 5% or the 10% just remember to step down with your buy-ins if you go on a losing streak. Never keep playing above your bankroll and taking that gamble that you’ll win it all back. It’s always better to win it back slowly at smaller stakes than it is to lose it all in one big hand.

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