Poker Bankroll – The #1 Reason Why so Many Poker Players Fail
You may have heard of the importance of managing your poker bankroll, but why is it so critical to your success? The answer is very simple, you can’t continue playing if you have no cash. I know it sounds easy, but this is the main reason why so many poker players fail. People are trying to win too much too fast which usually results in many redeposits back into the poker sites.
When I talk about poker bankroll, I’m referring to the amount of cash that has been put aside to use on nothing else but to play poker. You should never use the money that you need for rent, food or clothing. It should be an amount that you can comfortably afford to use and lose playing poker. When it comes to managing my poker bankroll, here is what I would suggest and personally use.
SNG (Sit n Go’s) – I use 2% or 1/50th of my bankroll for each buy in. For example if you have a $1000 bankroll then you should be playing $20 SNG’s
Multi Table Tournaments (MTT) – I used 1% or 1/100th of my bankroll for each buy in. The main reason for this is that you will have more fluctuations with your poker bankroll as most MTT’s pay only the top 10% so you will be cashing less often.
Cash Games – Use only 2% or 1/50th of each buy in. As an example if you were playing $1/$2 NL, the buy in is usually 100 X Big Blind so in this case $200. In my opinion a bankroll of 10K is needed at these levels.
Now I know some of you are saying that this seems a little exaggerated and farfetched, but if you stick to these guidelines then you virtually eliminate the possibilities of having to redeposit ever again in your poker account. You will surely go through some losing periods as there are always ups and downs when playing poker. If you don’t have enough money to go through these swings it adds a lot of pressure on you, which in turn forces you to make bad decisions because the money is an issue. There is so much truth in the old saying “Scared money is losing money”.
If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com
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