How To Manage Poker Bankroll?

Table of content:

• What Is Poker Bankroll Management?
• Importance Of Bonuses In Bankroll Poker
• How Much Risk Should You Take With Your Bankroll Poker?
• Poker Bankroll Management For Cash Games
• Poker Bankroll Management For Multi-table Tournaments
• Factors That Determine The Growth Of Your Bankroll Poker
• Top 5 Poker Bankroll Management Tips
• FAQ's

Since the advent of online poker games, budding players have thought it easy to earn big money on such platforms. However, this is far from the truth as you need many strategies and practice to make a successful hand in the end.

While you try to build strategies, poker bankroll management is something you must not forget. The sad part is that many players do not even know what this is, let alone its importance.

To start with, bankroll management has nothing to do with your strategies in the game. It is about how you manage your finances. So, suppose you are planning to play online poker games regularly and make revenue out of them. In that case, it is necessary to understand how poker bankroll management works.

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What Is Poker Bankroll Management?

What do you mean by poker bankroll? To explain this in the simplest ways OR bankroll, meaning poker, poker bankroll is the amount of money you have set aside to play poker like a Pro. It is like a fund, from which the money will mostly be used to play poker.

Mind you, this does not include any money you are expected to get in future or the money out of which you need to pay your mortgage or bills. Therefore, deciding the amount of money you want to devote to playing poker is very important. This also depends on the risk you are ready to take. For some players, it could be INR 1,000, but for some, it could be INR 10,000 or even more.

One thing to note in bankroll management is that the total amount you are ready to put in is vital and not the money you are using to play the games. For example, you have put a limit of INR 10,000 on your bankroll and are using only INR 5,000 to play the games, so there is a buffer that can be used to save you in losing situations. It is the INR 10,000 that will be considered as the total bankroll and not the amount you are using.

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Importance Of Bonuses In Bankroll Poker

One of the major ways to engage in poker bankroll management is by using bonuses correctly. You will get different bonuses when you enter different online poker games. When you make your first deposit, you get a sizable bonus at times two or three times that of your deposit.

Now, you may not be able to withdraw this bonus initially, but you can surely use it in games and multiply it. Once you have played several games, you can withdraw the money. Therefore, the bonuses you get become vital to your bankroll poker and management strategies.

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How Much Risk Should You Take With Your Bankroll Poker?

To start with, there is no ideal starting bankroll that you should have. It can vary from person to person, based on the capital and the risk appetite. You should never put in more money than you can afford to lose.

Even though poker is a game of skill, you can also have bad days due to the variance not favouring you. This is where you should always think about good poker bankroll management and play games accordingly.

How to manage a poker bankroll? For players playing cash games, the best idea would be to follow a basic thumb rule that asks you to have a minimum of 20 buy-ins. Well, you can certainly go for 40-50 buy-ins as well, depending on the size of your bankroll.

Poker Bankroll Management For Cash Games

While playing a 0.05/0.10 NL with a minimum buy-in of INR100, you should have a bankroll of INR 2000. However, if you are ready to go for the maximum buy-in of INR 1,000, then you should have a bankroll of INR 20,000, which can be considered the ideal bankroll management.

Here, one thing you need to remember is that you should also set a daily limit. It would be best if you did not spend much on games because you are on a roll for 4-5 games. The variance can and will change, which will end up harming your profits. You have to have a good bankroll management strategy here.

Poker Bankroll Management For Multi-table Tournaments

For bankroll management poker tournaments, you need a different strategy. The ideal way to manage your bankroll in such a situation would be to set a limit of 2% of your total bankroll for every buy-in. For example, if you have INR 20,000, you should not use more than INR 400 for a single buy-in.

It will be a good idea to avoid games that involve re-buys or add-ons because they negatively affect your bankroll in the long run.

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Factors That Determine The Growth Of Your Bankroll Poker

Bankroll management is not just about the initial amount you are ready to put in but also about building it to a sizable amount so you can take bigger risks to earn more money. Here are the four factors determining how safely you can build your bankroll poker.

· Stakes – If you want to play for higher stakes, you must increase your bankroll. Grinding in the 50NL will not be the same when you play 200NL. You may have to build your bankroll four times to play such high-reward games.

· Game Type – The type of game you wish to play will have a huge role in the size of your bankroll. If you are playing tournaments, you need to perform poker bankroll management in a way that makes your bankroll big.

While playing game formats with extremely high variance, the bigger bankroll helps you make, the higher number of buy-ins required in such games. If you want to play low-risk cash games with manageable variance, you need not build the bankroll aggressively.

· Winning rate – The number of times you win over a large sample of hands can give you an idea about your winning rate. While playing tournaments, it is the ROI you can expect to get at the end of the tournament. For cash games, it is the win rate in big blinds for every 100 hands a player has played.

Knowing this winning rate will significantly help you with bankroll management. If you do not know your winning rate or are still new at poker, you should tread cautiously until you get the hang of the game.

· Comfort level – Now, this is a factor that can drastically vary from person to person. While some players are more comfortable making the right decisions, knowing they have a big bankroll can lead to careless mistakes for some. The bankroll's longevity and size depend on the player’s composure to a certain extent and hence play a key role in poker bankroll management.

If you are confident about making the right move, knowing that you have a sizable bankroll in poker becomes the major factor that will help you grow your bankroll.

Top 5 Poker Bankroll Management Tips

Here are a few bankroll management tips that you must use to ensure that you maintain a healthy bankroll over a long period and eventually build it.

1. Keep your poker bankroll separate from your regular cash – This might sound too straightforward or not that crucial, but keeping your bankroll separate from everything is important.

Keeping a certain amount of money dedicated to playing poker is a major strategy for bankroll management.

2. Do not bite into your poker bankroll – Continuing the above point, you should not bite into your bankroll account. You may do this in a financial emergency but try to keep your other expenses separate. This will ensure much better growth of your bankroll.

You can raise your stakes, knowing you do not have to use the fund for something else. A free mind always lets you make better moves in poker.

3. Come up with the right approach – The willingness to take risks is a huge factor in bankroll management and is a great strategy. You can either take the high road and go for bigger stakes with an aggressive game plan or take it slow and earn a small-sized income regularly. However, your ability to bounce back after losses are the biggest factor.

Poker is a game of skill and variance, which can either make you win big money or lose all your money. If the latter happens, you should have a sizable backup to continue playing the game. This is the very essence of smart poker bankroll management.

4. Be ready to bring down your game a little – One of the key ways to implement bankroll management is to know when not to overspend. Even if you follow an aggressive game plan, you must step down when the situation demands. If the variance works against you, leading to a streak of losses, it would be better to slow down and play safely.

It could also be a case where you have upgraded from a low-stake game to a high-stake one and find it difficult to replicate your earlier form. Even though you have a big bankroll to spend, taking a step back during such instances is advisable. This is considered to be a great poker bankroll management strategy.

5. Be aggressive against weaker opponents – Once a seasoned campaigner, it is incredibly important to be aggressive when the right opportunity comes. Just 5-10 minutes into the game, you should get an idea about your opponents’ competence. Assess this in detail and ensure that you play your hand accordingly.

Be aggressive against weaker opponents to earn big in a single game. Always remember that improving your bankroll size is crucial in bankroll management.

Now, that’s a wrap on our comprehensive guide on poker bankroll management and how to increase the size of your bankroll. Harnessing these bankroll management skills is equally important as the skills involved in playing poker. Download GetMega Poker App now and enjoy your favourite poker games.

FAQ's

How much of your poker bankroll should you play with?

• Risking 1-2% of your poker bankroll per session is a commonly recommended guideline. This conservative approach helps manage variance and ensures longevity in the game, reducing the impact of potential downswings on your overall bankroll.

How do you maintain poker bankroll?

• To maintain a poker bankroll, set strict limits, avoid high-stakes games, and adhere to a disciplined bankroll management strategy. Never risk more than a small percentage of your total bankroll in a single session.

What is a good bankroll for poker?

• A recommended poker bankroll is at least 20 times the buy-in for cash games and 50 times for tournaments. This helps manage variance and reduces the risk of going broke during inevitable downswings.

What is poker bankroll management for multi-table tournaments?

• Maintain a disciplined poker bankroll for Multi-table Tournaments. Allocate 1-2% of your total bankroll per tournament to minimize risk, ensuring sustainability and resilience during inevitable downswings.