Bankroll Management in No Limit Hold’em

January 8, 2011 5 comments

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
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