Poker Bankroll: the Right Approach & Strategy
Equally as important as knowing which hands to raise with is the appropriate management of Poker bankroll. The fact that a lot of players with substantial bankroll end up losing large amounts is due to their inability to run their finances. If you want to continue winning, managing your money is crucial.
Among the things that you must learn about Poker bankroll management is that you simply cannot rely on a generic figure off some website to determine how much money you should bring to a session, or for your whole activity. The reason is that each individual will have a different style of play (loose, tight, tight aggressive, etc). This will affect the amount of money that will be considered sufficient.
You should also consider the kind of limit that you will play in, and also if you are able to play at that level consistently. That is, while you may come in with the appropriate Poker bankroll for the session (i.e., 300x the big bet in a $1/2 fixed limit game), do you have the means to buy again should you lose it all?
If you cannot, then you are playing at the wrong limit. You should move down. Only when you have the money to finance several re buys should you even consider moving up to the previous limit. Moving up to a higher limit to try and get a bigger bankroll in a hurry is not the way to go; it will instead lead you into more trouble.
Of course, this does not even factor in the Poker skills needed; a big part of the augmenting of your finances will come from the wins that you get, so working on your game must be done alongside the management of your money.
Needless to say, when deciding how much to include in your Poker bankroll, make sure that it is money that you are not afraid of losing. We all want to increase the amount, but you should be prepared for the possibility that you will lose it too, particularly if you play in No Limit games. A lot of players get careless, and they end up throwing their entire bankroll into a single session.
By honing your playing skills, you will worry about this possibility less. Be that as it may, it is still essential that as a Poker player you still take the time to evaluate your finances. It is, quite simply, a part of what makes the pros the success story that they are.