Proper Poker Bankroll Management

admin 4/9/2022

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Before you start reading this article, it is important to ask yourself – what is poker to you: a game, a profession, a hobby or an obsession?

For those of you who play poker as a hobby or a game, bankroll management shouldn’t be too much of a concern. You can continue to dabble around for fun at affordable stakes. For those who want to make it a profession and try to establish a name in the industry, get ready to understand how you need to structure and maintain the proper size of a poker bankroll.

Poker has a lot to do with skill and one of the crucial steps to becoming a great poker player is proper poker bankroll management principles. You ask any professional player for a tip and they will tell you to practice bankroll management. However, before you start practising the same, you need to know what exactly it is.

I would go as far as to say that the Poker version of this, is that bad bankroll management decision making is the root of a lack of money. Maybe that’s a stretch, but the importance of good bankroll management cannot be stressed enough. Bankroll management refers to how you choose to allocate and handle your funds while making bets. Proper bankroll management can help increase the longevity of your bets and help to propel you to the upper echelon of professional betting. Improper bankroll management is a quick ticket to Brokes-ville.

What is a Poker Bankroll?

A Poker bankroll refers to the amount of money you have for playing poker. This does not include the money you need to pay your bills or your monthly instalments. It also doesn’t include the money you expect to receive in the future.

‘A poker bankroll comprises the money that you can devote solely for poker playing.’

Some players believe that the amount of money lying in their online poker account is their bankroll. However, that is not the case. For instance, you might decide that your bankroll is ₹2,500 but you deposit ₹1,500, leaving the remaining ₹1,000 safely for situations when you need to reload. It doesn’t matter where the money is; what matters is knowing how much you can afford to spend in total.

What do you mean by poker bankroll management?

The size of your poker bankroll will dictate your stakes. You need to be disciplined and know how you should manage your money. This is easy to understand in theory but for many putting it into practice is easier said than done. Top players also go broke sometimes because they don’t know how to master their poker bankroll.

A lot of potentially great players are unable to move up in stakes since they never build a poker bankroll. Even if they know how to manage a bankroll, they are not disciplined enough to follow through.

Pro tip: Inefficient poker bankroll management can restrict even the most skilled player from playing higher stakes.

So, what is the ideal starting bankroll?

Many players are confused about how much they should start with. There is no clear answer to this question. Each person has their limits, their affordability and, therefore, the ideal starting bankroll differs for every individual.

The essential thing to keep in mind is that even though poker is a game of skill, there is a chance to lose. You must never deposit an amount at a site that you cannot afford to lose. If you manage your game well and follow all the basics, in all likelihood, you will be able to grow your bankroll, and the need to deposit more money on the site will not arise.

Bonuses and Your Bankroll

When you visit an online poker site, you come across sign up bonuses and more. If you know how to take advantage, you will be able to significantly increase your bankroll with the bonuses offered on your first deposit. Welcome bonuses can double, sometimes even triple, the amount of cash you deposit.

One extremely crucial thing to remember about bonuses is to input the code required to avail the bonus. There’s only one opportunity to earn the bonus and if you miss this chance, you’ve missed the extra cash you could have gained. Keep an eye for the section where you need to enter the code. You cannot claim the welcome bonus at a later date.

Bonuses are a brilliant way to increase your bankroll. However, most often than not, they will have a rollover requirement attached to them. You can play with the money earned through bonuses but you cannot withdraw it unless you have played the game a couple of times.

Remember to use bonuses wisely to build a bankroll.
You can split your bankroll over two or more online poker sites to earn more welcome bonuses and increase the size of your bankroll.

Now, the next important aspect to understand is how to build a bankroll? Stay tuned for our next post as we take you through the rules and tips to master bankroll management.