In simple words, the money you play Poker games with is your Poker bankroll. Thus to manage this money is an integral of your Poker playing experience. A simple yet systematic strategy can keep you on track and let you know when you should run and when you should sit back at the Poker table.
Go through these pointers to ensure that your bankroll stays in your control.
The basic pre-requisite to managing your bankroll while playing online Poker is to fix an amount. Decide how much of your money you will spend monthly on Poker games. Once you have calculated your daily expenses, like food and travel; you can figure out how much of your luxury spends you want to dedicate to Poker games.
The fixed amount should be kept separately from your other balance (maybe in a bank account), and this shall be your Poker bankroll. The money you put in the bankroll should be constant every month- if, at a point of time, you have suffered heavy, do not put more than your fixed limit the next time in the attempt to reimburse. This will affect your daily expenses and Poker will soon interrupt with your personal life. It is better to take a break and plan a strategy for the next month.
Don’t even go near the line!
You might want to play at the biggest tournament your bankroll can afford. But the best Poker players suggest that you should not commit more than 10 percent of your bankroll to a single game, and Chris “Jesus” Ferguson, the 2000 WSOP Main Event champion, suggests limiting any individual buy-in to between 2 and 5 percent. The best option for a beginner player is to play the Freeroll Poker Tournaments at Khelplay.com. A smart Poker player doesn’t get close to his bankroll limit.
You need to have a track record of your expenses on Poker games to optimize the use of your bankroll. Making a log of all your wins and losses will also help you to understand your own progress and judge if you are getting better or not. If it is too much for you to make a record, use a tracking software to not get confused.
If you want to play Poker games consistently and for a longer period of time, it is necessary to play with discipline – you should assess when it’s right to fold instead of chasing a straight, or when to not buy back in. Discipline will help keep your bankroll afloat even when thunders strike.
Every Poker player has a bankroll but not all of them manage it right and go out of cash soon. The trick is to have a clear idea about how much to spend at the Poker table.
Put your learnings into practice and increase your bankroll as you play Poker games here.