You may have heard of the importance of managing your poker bankroll, but why is it so critical to your success? The easy answer to this question is, If you have no money left then you really can’t continue playing. I know it sounds easy, but this is the main reason why so many poker players lose. People are trying to win too much too fast which usually results in many redeposits back into the poker sites.
When I talk about poker bankroll, I’m referring to the amount of cash that has been put aside to use on nothing else but to play poker. You should never use the money that you need for rent, food or clothing. 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 main reason for this is that you will have more fluctuations with your bankroll as most MTT’s pay only the top 10 percent so you will be cashing less often.
Cash Games – Use only 2% or 1/50th of each buy in. For 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.
As exaggerated as it may seem, by sticking to these simple guidelines you will virtually elimante the chance of losing all of your money and is the reason that I never have to redeposit into the poker rooms. You will surely go through some losing periods as there are always ups and downs when playing poker. If you don’t have enough money to go through these swings it adds a lot of pressure on you, which in turn forces you to make bad decisions because the money is an issue. There is so much truth in the old saying “Scared money is losing money”.
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