An Introduction to Poker Bankroll and Money Management

Poker Bankroll and Money Management
    1. Cash-out winnings: if you deposited 500 dollar, and you made 1000 dollar profit, then cash out 500 dollar. If you don’t and you go on tilt playing on higher stakes you regret it that you didn’t cash out before. Always make regular cash outs to play safe.

  1. Always keep an eye on hourly rate, daily, weekly and monthly profits etc. Software such as poker office and poker tracker can do this for you. It gives you an insight when you are doing good and when you are doing less good.

 

  1. Always buy in the maximum amount OR buy in as a short-stack. So if your maximum buy in is 50 dollar, buy in for 50 or for 10, but never for 20, 30 of 40. Sklansky promotes short stack play at cash tables and sums up a lot of reasons in his book No limit holdem poker: theory and practice and I agree with him. On the other hand: as you are the better player for the most of the time (certainly at lower stakes) you should always buy in for the maximum. This way you will get the most value out of your hands: putting bad players all in is the key to winning no limit holdem poker.

 

  1. Your bankroll (if you play cash games) should be 10 times the maximum buy in of the stakes you play. So if you play 0.25/0.50 the max. buy-in is 50 dollar and you should have a bankroll of around 500 dollars. The same goes for tournaments: if you play 10+1 sit and go’s , be sure to have at least 100 dollar. This is to protect yourself against bad streaks.

 

  1. Don’t move up a limit if you a. don’t have the bankroll for it, b. don’t have the guts for it. Fear in poker (to lose money) is deadly.

 

  1. Don’t play jackpot or turbo games if you don’t really know how to play (differently) there. I can imagine you’d think: there are worse players there. Maybe this is correct, but even then it also has (more) disadvantages such as (at jackpot tables) higher rake and (at turbo tables) less time to make a decision. Always choose a normal game if the decision is up to you and only play turbo or jackpot tables if you got a lot of experience with these kind of tables.

 

  1. Maximize your winnings: if you have the feeling someone will call whatever you bet go all instead of value betting. Stop being afraid that people won’t call you if the bet is huge. Maximize your winnings also if you got a monster hand pre-flop. Build a pot, raise more sometimes. If people have a good hand they will call most bets.

 

  1. Don’t pay a blind when it’s not your turn: this is the most common mistake people make and if you do it on the long run it will cost you more money than you think.

 

  1. Don’t deposit your own money too much: if you can, go hunt down your Free Poker Bankroll so you can play risk-free poker. This is much more comfortable.

 

  1. Get Poker Sponsorships (Rakeback) Not only should you play with poker bonuses, you should also find good poker deals such as a Poker Sponsorship and rakeback. This way you’ll earn more free cash every month (you are playing anyway!)

 

I hope this helps you on your way to be an online poker pro. Online Poker is not only about skills, it’s also about staying focused and protect your money.