You may have heard of the importance of managing your poker bankroll, but why is it so critical to your success? The answer is very simple, you can’t continue playing if you have no cash. As simple as this concept is and sounds, mismanagement is probably the number one reason why people fail when it comes to playing poker.Redeposits back into the poker sites is very common as players are trying to win too much too fast.
The term bankroll is basically an amount of money that you use for playing poker and nothing else. Money needed for necessaties like clothing, food and rent should never be used. The amount that you choose, should be an amount that you are comfortable losing playing poker. When it comes to managing my poker bankroll, here is what I would suggest and personally use.
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. As an 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. These downswings can force you to you make bad 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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