Unless you take your poker fairly seriously, you probably don’t have a bankroll set aside purely for gambling purposes. Don’t feel too badly, as most poker players typically refrain from putting a lot of focus on funding and maintaining a bankroll. There’s no problem with just taking whatever cash you have on you and using it to get chips, all without keeping a log of your wins or losses at the end of the session, but you may be doing yourself a disservice. Being aware of your bankroll also provides insight into how you’ve been performing lately, which in turn, allows you to make adjustments as needed. However, first you have to decide how large an amount you want to start with.
Establishing Your Bankroll
Your initial bankroll shouldn’t be based around how much money you personally have, but rather on your skill level. Just because you can afford to start out by putting $10,000 in an online card room account doesn’t mean you should, especially if all your experience is at the $.50 – $1.00 NL Hold’em tables. Your bankroll should consist of enough funds to sustain your current standard buy-in level as well as enable you to survive a couple of negative swings, such as a few consecutive large losses. If you’re more of a cash game player than a tournament enthusiast, you may still want to leave a little padding in the bankroll to allow yourself the freedom to take in a few SNGs or MTTs whenever the mood strikes.
The Price is Right
A common belief is that you should never put more than 10% of your bankroll at risk in a cash game at any given time. So if we use that piece of information along with the other common sense poker theory that you should buy into a cash game for about 100 times the big blind, we can now figure out what your starting bankroll should be. If you like to play $3-$6 NL Hold’em, you’ll need to sit down with at least $600 in front of you. Six hundred dollars is 10% of $6,000, which means that a serious poker player will need a minimum of $6,000 in their account in order to play $3-$6 NL Hold’em on a competitive level.
If you’re unable to deposit the correct amount of money, then you need to consider moving down a level or two, as you never want to put a high risk factor on the chances that you could run out of funds prematurely. http://www.kasino-fi.com/ So take a moment, do some simple math, and get started on the right road to correct bankroll management.