We here the term poker bankroll and bankroll management all of the time, but why is this so important? The answer is very simple, you can’t continue playing if you have no cash. Mismanagement of their poker bankrolls is probably the #1 reason why so many players fail.Redeposits back into the poker sites is very common as players are trying to win too much too fast.
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. It should definitely not be money that you need for the necessities like food, rent or clothing. You should be willing to lose whatever amount you choose. 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 poker bankroll as most MTT’s pay only the top 10% 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. My suggestion would be to have $10,000 bankroll to play these levels.
These are the simple guidelines that I have followed to never have to redeposit into my poker site again and as extreme as it seems, will virtually eliminate the possibilities of you going broke. Poker can be a roller coaster ride at times and you will inevitably go through some losing periods. These downswings can cause 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