Bankroll Management Guide - Protecting Your Bankroll

The most important factor that contributes to any gambler’s success is practicing good poker bankroll management. If you’re bad at managing your money, you will go broke. It’s really that simple.

By protecting our poker bankroll, we avoid gambler’s ruin; and that’s the most important thing you, as a gambler, can do. Let’s look a bit closer at why and how we should practice bankroll management at party casino bonus.

It’s a story that gets told over and over again: Guy takes shot at too-high stakes with too little cash; Guy goes bust and dies homeless and alone.

Playing Within Your Bankroll

So what exactly does playing within your bankroll mean for poker bankroll management?

At a minimum, it means you’re not taking shots at $10/20 NL with only $2,000 to your name. That’s nuts, and you’re almost certain to go bust doing so, no matter how skilled you are.

Ideally, you want to be somewhere in the middle of the two extremes. Here’s a basic formula for calculating the stakes you should be playing:

1. Add up all the cash in your bankroll. That’s very important. You never, ever, ever want to be gambling with your rent money. You will not win, and you’ll regret it later.

2. If you’re playing online Limit Holdem cash games, divide your entire bankroll by 300. The result of such bankroll management is the Big Bet of the stake you should be playing. So if you’ve got a $1,000 bankroll, play either $1/2 or $2/4, depending on how much risk you’re comfortable taking.

3. If you’re playing online Holdem tournaments (PokerStars hold plenty), you should divide your poker bankroll by 100. The result is the buy-in of the stake you should be playing. So if you’ve got a $1,000 bankroll, a comfortable buy-in for you would be $10.