Bankroll management simply means you have to determine a safe amount to risk per session of poker you play. It helps you to minimize your losses as a poker.com player and also allows you to go on a bad run while maintaining a positive bankroll. You won’t every hand or tournament of poker that you play, this is a given. Even the best of poker players can’t win every time they play poker due to there being some degree of luck in the game and in order to be able to minimize the losing streaks you need to manage your bankroll. You also don’t want to risk your entire stack in one session because one bad move could cost you everything, and this is why it’s so important to set a bankroll and manage it. For casual poker players this isn’t as important, but for players looking to make money over the long-term you should focus on creating a bankroll and management plan for your bankroll.
Your bankroll should tell you exactly what limits you should play in whether you’re playing cash games, tournament or sit and go tournaments. You never want to take a huge loss in poker as it completely kills your bankroll. Some player’s don’t know when to quit and that is there ultimate problem stopping them from experiencing success. You should generally use a maximum of 20x your PokerStar.com bankroll when you sit down at a poker table. If you play at a $1/$2 game and you have a $2000 bankroll then you should sit down at the table each session with $100.
If you’re a sit and go tournament or tournament player on CarbonPoker then you’ll need to change your style of management a bit. In tournaments you should never go into a tournament unless you have 25x the buy-in or more. You won’t be able to win tournaments all the time or even make the money and the percentage is fairly low. You don’t want to risk to much on an given tournament because you never know how the cards will go and you don’t want to lose too much of your bankroll in one tournament. If you’re going to play large tournament with multiple tables of players then I recommend doubling the above to 50x the buy-in. Multiple table tournaments have a real low percentage chance of winning money so you shouldn’t risk too much in these. The payouts are more rewarding in these tournaments, but you’ll lose more then you win generally which is why you should spend small.
You also need to consider your style of play when dealing with your bankroll. We’ve gone through the player styles in the past and you should have been able to classify yourself in one of the categories. Once you know your style you can reflect your bankroll based on the knowledge you gained. If you’re a loose player on Titan Poker then you might need a larger bankroll, whereas if you’re a tight player and don’t lose much you might be able to live off of a smaller bankroll. You also can’t forget that as your bankroll increases the limits you play in should also increase.
