In this free poker lesson I would like to focus on the importance of managing your poker bankroll, but why is it so critical to your success? So the point here is you can’t continue playing if you have no money, no money means no funny. Mismanagement of their poker bankrolls is probably the #1 reason why so many players fail. People are trying to win too much too fast which usually results in many redeposits back into the poker sites.
For those of you that are not familiar with the term bankroll, this free poker lesson will explain it all, basically it is the amount of money that you have put aside to play poker and nothing else. You should never use the money that you need for rent, food or clothing. The best thing is to play with an amount you can afford to lose while you are playing poker. Below are the guidelines that I personally recommend and use when it comes to managing my bankroll.
Sit n Go’s – Go for 2% of your bankroll for each buy in. For example if you have a $1000 bankroll then you should be playing $20 SNG’s
In Multi Table Tournaments – use 1% of your bankroll for each buy in. Since the Multi Table Tournaments usually only payout the top 10%, you will find yourself cashing less often.
Cash Games – Use no more than 2% of each buy in. For example if you were playing $1/$2 NL, the buy in is usually 100 X Big Blind so in this case $200. In my opinion a bankroll of $10,000 is needed at these levels.
Now I know some of you are saying that this seems a little exaggerated and farfetched, but if you stick to these guidelines then you virtually eliminate the possibilities of having to redeposit ever again in your poker account. Poker can be a roller coaster ride at times and you will inevitably go through some losing periods. Not having enough cash to handle these downswings can force you into making poor decisions due to the added extra pressure. There is something about the old saying “Scared money never wins” it’s so true. Learn more about poker throuh free poker lesson.
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