poker reviews

We here the term poker bankroll and bankroll management all of the time, but why is this so important? The easy answer to this question is, If you have no money left then you really can’t continue playing. I know it sounds simple, but this is the main reason why so many poker players lose.Redeposits back into the poker sites is very common as players are trying to win too much too fast.

For those of you that are not familiar with the term bankroll, basically it is the amount of money that you have put aside to play poker and nothing else. Cash needed for necessaties like clothing, food and rent should never be used. It should be an amount that you can comfortably afford to use and lose 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 1/50^th 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 1/100^th of my bankroll for each buy in. Since the Multi Table Tournaments usually only payout the top 10%, you will find yourself not cashing as often.

Cash Games – Use only 2% or 1/50^th of each buy in. As an example if you were playing $1/$2 NL, the buy in is usually 100 X Big Blind so in this case $200. To play at these levels a poker bankroll of 10K would be required.

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. 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. 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

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This entry was posted on Saturday, September 19th, 2009 at 7:11 pm and is filed under Casino Gambling. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.