Home > Bankroll Management > Bankroll Management in No Limit Hold’em

Bankroll Management in No Limit Hold’em

WHAT IS BANKROLL MANAGEMENT:

Proper Bankroll management is the most important thing a beginner poker player needs to learn. Let me start by describing what a bankroll is.

Bankroll: It is the total amount of money you have decided to devote to playing poker online.

So if you want to deposit $50 to play poker with, then your bankroll is $50. If you play and turn that money into $150, then your bankroll is $150. Etc.

The term “Bankroll management” refers to managing the size of your bankroll relative to the stakes you play, in such a way to minimize your risk of losing all the money.

What many beginner poker players don’t realize is that no matter how good you are at poker, you will always face periods of time (ranging from a few hours to even a few months) where you will be losing money. This is true for all poker players. Accept it as quickly as possible, and your poker career will be much easier.

THE RULES OF BANKROLL MANAGEMENT:

In general, for No-limit texas Hold  ‘Em,  assume that you require at least 25 buy-ins to be safe. If, for example, you want to play the 0.05/0.10 stakes, where the maximum buy-in is at $10, your bankroll should be at least 25 multiplied by $10 = $250. So you would need to deposit $250 in order to play safely.

Keep in mind that the higher you move up the stakes, the more conservative you have to be with your bankroll management. In other words: the higher the stakes, the more buy-ins you will need to stay safe. This is because the opponents are much tougher at the higher limits.

So while 25 buy-ins is a good bankroll if you want to play at the $0.05/$0.10 stakes, you will need 30 buy-ins for the $0.25/$0.50 stakes (where the buy-in is at $50). So you would need a bankroll of $50 x 30 = $1500.

As you become an experienced player you will able to adjust your bankroll management to suit your playing style. Until you are experienced, however (and by experienced I mean that you have played out a over 100,000 hands at least), stick to the above.

KEEP THIS IN MIND:

Most beginner poker players will unfortunately ignore the rules above entirely. After they have played for a few days they will decide it is a good idea to play at the $100 buy-in limits with a $50 bankroll . At some point their ego inflates, they start thinking of themselves as poker gods, and believe they can handle it. NEVER fall for this psychological trap. Even if you are absolutely sure that you will be able to handle it, stick to the bankroll management rules above no matter what. Actually, the better you get, the more conservative you will have to be with your bankroll management, not the other way around.

STICK TO IT,  STICK TO IT, STICK TO IT! And I’m not the only one who will tell you the same — check out this post on bankroll management from a fellow blogger.

If you have any questions, please leave a comment or email me. I love to help.


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Categories: Bankroll Management
  1. 35invegas
    January 12, 2011 at 2:08 am

    Nicely written!
    Poor bankroll management people (like me) should start each day reading this =)
    I always like reading blog posts that really do try to help people out.
    cheers!

  2. January 12, 2011 at 6:22 am

    Good advice Mark. How many stories have you heard about a player spiking a big tourney, then starting to play limits way above what he is used to and he just donks it all away? Being disciplined is important.

    -John
    http://thepokerfloorman.com/

  3. January 12, 2011 at 9:30 pm

    @35invegas
    Thanks, I will try to put my best knowledge on the table, and I hope at least someone sticks to it. 🙂

    @John
    I’ve heard this story way too many times, especially on community forums. It is completely understandable, too. People get very excited with the money, and if someone hasn’t yet reached the maturity to be able to handle it, their ego will simply inflate itself to catastrophic proportions and they will start doing all sort of crazy shit with the money, feeling invincible like if they were on amphetamine.

    Soon the ego bubble bursts and they find themselves right where they started.

    It might sound cliche when I say this, but it really takes a certain psychological maturity to be able to handle the money in poker properly. And I’m not talking about maturity that comes with age — only the kind that comes with experience. I know some extremely good poker players who can manage their money very, VERY well, even though they are 21 years old. They have simply been at the game for a very long time.

    To any beginners reading this: always come back to this article and read it whenever you even THINK about breaking the rules of bankroll management. Just close the tables, take a deep breath, and re-read this article. You will REALLY appreciate it.

  4. gdog1666
    January 23, 2011 at 2:06 am

    Some good info here, well worth reading

  5. January 24, 2011 at 5:39 am

    Thanks 🙂

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