Poker Bankroll Management
Poker bankroll management should be very important to any player who is looking to make a long term profit from online poker. Bankroll management basically ensures that the natural variance of poker won’t result in you going broke. The worst thing that can happen to any poker player is going broke and bankroll management prevents this by ensuring that you are playing at limits and stakes that you have enough money for. This article will look at the standard rules of bankroll management at no limit hold’em cash games, limit hold’em cash games and tournaments. We will also look at when you should drop down in stakes.
No Limit Hold’em Cash Game Bankroll Management
The typical rule is that you should have at least 20 maximum buy-ins for no limit hold’em cash games. For example, if you want to play at the $0.25/$0.50 tables you should have a bankroll of $1000 because the maximum buy-in at those tables is $50.
Limit Hold’em Cash Game Bankroll Management
The typical rule is that you should have at least 500 big bets for limit hold’em cash games. For example, if you’re playing at the $1/$2 limit hold’em tables you should have a bankroll of at least $1K.
Tournament Bankroll Management
The typical rule is that you should have at least 40 buy-ins to play in a particular tournament or sit and go. For example, if you want to play in a $10 sit and go you should have at least $400 in your bankroll.
Conservative vs. Aggressive Bankroll Management
The rules outlined above are the standard rules for bankroll management, but you can also take a conservative or aggressive approach to managing your bankroll. The conservative approach is best for players who live off of their poker profits and going broke would have a disastrous effect. The aggressive approach is for players who want to move up limits faster and are willing to risk more to get to the top as fast as they can. The conservative approach basically doubles the rules outlined by the standard approach, whereas the aggressive approach basically cuts the standard rule amounts in half.
When to Drop Down Levels
When your bankroll drops pretty far below the required amount at a certain level you also need to drop down levels. A common bankroll management mistake players make is they start with the 40 buy-ins or 500 big bets, but then they just continue to play at that level until all of their money is gone. A good rule of thumb is to drop down levels if you find yourself at only 40 maximum buy-ins at no limit cash games or tournaments, or if you drop down to only 400 big bets at limit cash games. You should not be afraid or embarrassed to drop down levels. You just need to regroup, get your head back in the game and grind out some wins and you will be back to your preferred level in no time.
Bankroll management is an extremely important part of poker because you can’t win if you don’t have any money to play with. If you follow the rules outlined above the days of going broke should be behind you.
Other Intermediate Texas Hold'em Poker Strategy:
How Not To Play Pocket Aces
Online Poker Multi-tabling
How to Use Pot Odds in Texas Holdem
How To Play Pocket Queens in Poker
Do Not Scare the Fish Away from Your Table
Strategy for Playing Small Pocket Pairs