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[Tuesday, July 29, 2008]
You love to play poker but you hate to lose money, especially when the hands you have been dealt lately have been pretty bad.
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You may want to consider how you are managing your bankroll before continuing.
Your bankroll and how you manage it is all part of the gambling scene, and it can prove to be the difference between a good poker player and a really bad one. Issues in managing your bankroll is something everyone - novice and advanced players alike - faces at one point or another in their poker playing career.
Professional poker players have learned over the years through trial and error how to manage their bankroll. They use the skills and experience they have acquired. Without these, new players could lose all their money in one fell swoop. Could it be that their luck has run out? Not likely. New players tend to play at tables that are both above their skill level and with stakes which are too high for their bankroll. Some higher tabled games are way too advanced for a novice or intermediate player and when they wager on an iffy hand, they are going to strike out big time.
Players can avoid this by playing at tables that meet their needs without breaking the bank. Insufficient bankrolls will keep you from worrying about the game and the cards you are holding, and will keep you worrying about your money instead. Other players can easily bluff you when your mind is occupied elsewhere and if you are worried about the money you may be low on, you could wind up losing it all because you didn't pay attention.
No limit poker players should never buy into a game that charges more than five percent of the total bank roll. A good example here is a low rake and buy-in of $0.10/$0.25. This game would give you a buy-in of $25. If you do not have more than $25 in your poker bankroll, or even have an amount that is close to $25 in there, you may want to reconsider playing this game. You do not have enough leeway in your account to lose and not go broke.
Sit and go tournament players should have a bankroll of at least $200 and not play anything over the $5.00 +0.5 games. These games have a low buy-in with a low re-buy, and are a great way for you to build up your poker bankroll before moving on to a higher level of rakes and payouts. Plus you get the chance to play against more advanced players that can still be taken down, thanks to the nature of poker in general.
The goal behind a managed bankroll is to walk away with more money than you started with. If you are a beginner poker player, start out on the small rake and blind side of the online casino, and don't move up to the next level until you can afford it without it breaking your bankroll in the process.
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