How To Make A Bankroll Online Poker
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Dec 01, 2016 How Did You Build Your Bankroll? (Ask Alec - My 'Pro' Story). You'll get access to the exact methodology I use to make each and every decision at the poker table. To Build a Poker Bankroll. From $10 to $1,000 the easy (smart) way. Your bankroll is a tool to learn the game. Don't see it as money or goal or as any kind of metric. Lose any emotional attachment to it. Despite what you read elsewhere do not use a conservative bankroll management (using 50 buy-in rule for micro-stakes is a huge mistake). Bankroll management for online play vs. Poker experts say that it is easier to manage your bankroll when playing live poker. On the other hand, online poker players ought to be more careful because online poker games, especially the high-speed poker variants, move at top speed and opponents are tougher.
Poker Bankroll Management at its finest
Poker Cash Game Bankroll
Discounting a lack of skill, the number one reason a poker player goes broke is due to poor poker bankroll management. Ask any professional poker player for one tip about how to get started in poker and almost all will advise you to practice bankroll management. That is fine, but what exactly is “bankroll management”?
Practicing sound poker bankroll management involves recognizing that the amount of money you have in your poker bankroll should always be dictating the stakes for which you play. That’s easy enough to understand in theory, but for some being able to put that idea into practice can be easier said than done.
Over the next three articles, I’ll be sharing tips regarding how to think about and manage your poker bankroll, including offering some specific strategies to help you with decisions about game selection, moving up in stakes, and cashing out.
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Play NowYour POKER Bankroll is For POKER Only
Let’s get one thing straight immediately: only use money that you can afford to lose to make up your bankroll. That is the golden rule. This means that the money in your bankroll is only needed to fund your poker playing. If you think you have a $2,000 bankroll but will need to use $1,500 from it this month or next to pay an important bill, then you do not have a $2,000 bankroll — you have a $500 one!
It is crucial that none of your bankroll is required elsewhere, not a single cent of it, because as soon as it is, you are gambling with money you cannot afford to lose and that can lead to you playing scared or less than optimally as you try to prevent any losses.
Your Bankroll Allows You to Play Your A-Game
Another consideration to make is whether or not this particular poker bankroll with which you are currently playing is the only one you will ever have. By that I mean if you were to lose it, would you have to take a break from playing or could you reload your account with another bankroll?
If you have a well-paid full-time job, losing $500 may not be a big deal to you. But if losing that $500 means you will not be able to play poker for a long time while you replenish your funds, then you may want to be a more cautious with it.
One purpose of our bankroll is to act as a cushion for when we lose, which will happen sometimes, even to the best players. If you sit down online at a $0.10/$0.25 cash game table with just $25 as a bankroll, then all you need to do is lose that one buy-in and you are out of the game. Have several $25 buy-ins behind you, however, and you can stay in the game and try to win back your money.
Your Bankroll Dictates Your Game Selection
How much of a poker bankroll you should have depends on a number of factors. These include the format of the game you play, your playing style, and your tolerance for swings (good and bad). For example, a short-handed (6-max.) no-limit hold’em cash game player can play from a smaller bankroll than can a pot-limit Omaha cash game player because PLO tends to have wider swings (or “variance”). Similarly, PLO cash game players can play from a lesser bankroll than can multi-table tournament players.
The table below shows the number of buy-ins I would recommend for the most common game types currently played online. (Note: bankroll recommendations for online games differ from those for live games.)
In the case of tournaments, the numbers listed below refer to the number of tourney buy-ins. Thus if you like to play $5 multi-table tournaments, a number of 100 (as a minimum) refers to having $500 in your bankroll with which to play. Meanwhile for cash games, the numbers refer to the number of buy-ins into the game wherein a buy-in represents the maximum amount allowed in the game. In other words, if the $0.10/$0.25 NLHE game you like to play allows a maximum buy-in of $25, a figure of 100 refers to having $2,500 in your bankroll with which to play.
| Game (Online) | Minimum | Medium | Cautious |
|---|---|---|---|
| No-Limit Hold’em (6-max.), cash game | 30 buy-ins | 50 buy-ins | 100 buy-ins |
| No-Limit Hold’em (full ring), cash game | 25 | 40 | 75 |
| Pot-Limit Omaha (6-max.), cash game | 50 | 100 | 150 |
| Pot-Limit Omaha (full ring), cash game | 30 | 50 | 100 |
| No-Limit Hold’em, 9-player sit-n-gos | 30 | 50 | 100 |
| No-Limit Hold’em, 45-player sit-n-gos | 50 | 100 | 150 |
| No-Limit Hold’em, 180-player sit-n-gos | 100 | 200 | 500 |
| No-Limit Hold’em, multi-table tournaments | 100 | 200 | 500 |
| No-Limit Hold’em, multi-table tournaments (large field) | 200 | 400 | 600 |
You may be surprised at the figures you are seeing in the above table, but those are the recommendations often given in response to players asking how large their bankrolls should be. Feel free to play around with the numbers and find an amount that suits you and your current situation.
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Find Your Comfort Zone
I personally prefer to play with a larger bankroll because I do not want to have to drop down in stakes at any point. Others may want to play with a smaller bankroll in an attempt to climb the stakes faster, but this increases the risk of your needing to move down levels or maybe even going broke. It’s all about personal preference.
There’s more to bankroll management than simply knowing how much you should have in your bankroll before sitting down in a given game. In the next two articles I will talk about some of these other considerations, including taking shots at higher stakes and cashing out strategies — so stay tuned!
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4 - Moving Up and Down the Levels
Everyone has bad periods of poker, even skilful players. Variance is one of those things about poker and shows that the game isn't all skill.
How To Make A Bankroll Online Poker Money
Good bankroll management makes sure you can handle the swings and if you are on a massive downswing you won't go bust.
Keep an eye on your bankroll and work out what you have left after a bad session. Re-calculate your funds; if your entire roll drops below 10 buy-ins (e.g. at a .25/.50 NLHE table) consider dropping down to the .10/.20 tables to build up your money again. Once you've recouped your losses, move back to the highest level you're comfortable at.
Bankroll For Video Poker
Similarly, if you're on a good run and you are regularly crushing games at your level, consider moving up. Let's say you have a healthy roll of ,000 and are winning at the .25/.50 cash games, take a shot at the .50/.00 levels.
True, the skill levels will be slightly higher at most sites, but not so much that you will be struggling. Plus, you're still employing sensible bankroll management as your winnings are in safe territory.