Poker Bankroll – Why is it so important?
We here the term poker bankroll and bankroll management all of the time, but why is this so important? The easy answer to this question is, If you have no money left then you really can’t continue playing. As simple as this concept is and sounds, mismanagement is probably the number one reason why people fail when it comes to playing poker. People are trying to win too much too fast which usually results in many redeposits back into the poker sites.
When I talk about poker bankroll, I’m referring to the amount of cash that has been put aside to use on nothing else but to play poker. Funds needed for necessaties like clothing, food and rent should never be used. It should be an amount that you can comfortably afford to use and lose playing poker. Below are the guidelines that I personally recommend and use when it comes to managing my bankroll.
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. My suggestion would be to have $10,000 bankroll to play these levels.
These are the simple guidelines that I have followed to never have to redeposit into my poker site again and as extreme as it seems, will virtually eliminate the possibilities of you going broke. You will inevitably go through some losing periods as there are always ups and downs when playing poker. If you don’t have enough money to go through these swings it adds a lot of pressure on you, which in turn forces you to make bad decisions because the money is an issue. 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