Building a bankroll can be the most challenging task a poker player can come across, but a bankroll management strategy can increase your chances of success in your poker career. One vital key to building a bankroll, which I will outline below, is to play within your limits. Most players don’t know what their limits are, thus, play in much higher limits than they should. Using the bankroll strategy that follows, you will decrease your risk, and ultimately increase your chances of building a huge bankroll.
What most people don’t realize is that poker is not gambling if you follow the right set of rules. There are ways to minimize the gambling factor and maximize your return on investment, even in poker.
To begin, find a formula similar to the one below, and transform it to your own style of play. There are several common bankroll management strategies, for example:
Start with a $100 bankroll. This is the amount that you have set aside to use for one session . We’ll use this amount for illustration purposes, as it will be simple to understand the formula. What are the minimum and maximum buy-in amounts for the table? Maximum is most often 100 times the Big Blind. At $1/2 level, your max buy-in would be $200, or 2 times 100.
It’s always a good decision to play conservatively than to have a bad run of cards resulting in most, or all, of your bankroll flushed away. Building a bankroll is essential to your poker success, make sure to avid 100 percent to your bankroll management strategy.
The example above shows you where you should be playing at compared to where you are playing now. You are probably thinking this is too low of stakes for you, and this is probably why you are, in the long run, a inconsistent poker player. You need to build up to the levels where you bankroll gives you some room to lose, if you don’t, then you are setting yourself up for failure.
It’s a good idea to have a more conservative approach to building a bankroll and your bankroll management strategy. It is crucial to your success at the tables and can make you a more consistent, winning, poker player.
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