You may have heard of the importance of managing your poker bankroll, but why is it so critical to your success? The easy answer to this question is, If you have no money left then you really can’t continue playing. I know it sounds easy, but this is the main reason why so many poker players fail.A lot of players become greedy and want to make to much way too fast which usually ends up in more deposits back into the poker sites.
For those of you that are not familiar with the term bankroll, basically it is the amount of money that you have put aside to play poker and nothing else. It should definitely not be money that you need for the necessities like food, rent or clothing. It should be an amount that you can comfortably afford to use and lose playing poker. Here is what I pesonally use and suggest regarding bankroll management.
SNG (Sit n Go’s) – I use 2% or 1/50th of my bankroll for each buy in. For example if you have a $1000 bankroll then you should be playing $20 SNG’s
Multi Table Tournaments (MTT) – I used 1% or 1/100th of my bankroll for each buy in. The reason for this is that usually in MTT’s they only pay the top 10% so you will be cashing less often and you will have more fluctuations with your overall bankroll.
Cash Games – Use only 2% or 1/50th 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 10K 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. These downswings can force you to you make poor poker decisions especially if you don’t have enough money behind you to get through them. The old saying “Scared money is losing money” is so true.
If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com
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