OnlinePoker Bankroll Management Tips
One of the more overlooked aspects of poker play may be bankroll management,
even though hundreds of poker articles have been written about it. It may seem
that if you are a good player, you do not need to worry too much about this
issue. It is important to remember that poker is a highly volatile game, subject
to big swings of short-term luck. This is especially true in games like no-limit
Texas hold’em, where one unlucky card can cost a player his entire stack of
chips.
Poker Bankroll Management Strategy 1: 10 Percent
Rule
When playing poker, whether it’s a tournament or cash game, try
not to commit more than 10 percent of your total bankroll to any one session.
These calculations are so simple that you won’t even need a free poker
calculator to do them. In a no-limit game, you may not want to put the whole 10
percent on the table at once, but rather split it into three or four buys.
Playing this way will protect your bankroll and prevent you from playing at
stakes too high for your current financial status.
Poker Bankroll
Management Strategy 2: Stop Loss
When playing poker
online cash
games, you should set a stop loss number. When you lose this amount, you quit
the session. This will be true whether you are up $2,000 or down $500. Anytime
during the session where you go down the amount of your stop loss, it’s time to
quit.
Poker Bankroll Management Strategy 3: Keep Finances
Separate
Don’t combine your poker money with the money you need to
pay actual expenses. This will often cause you to lose more than you should. If
your poker bankroll is busted, have the discipline to wait until you can rebuild
it before you play again.
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