Chasing Your Bankroll

  • 9-17-2007

Any professional poker player will tell you that they are very likely tired of hearing about maintaining their bankroll.  There is so much advice for staying tight on the poker players bankroll that is almost dull to repeat it again.  But the truth is, the most important aspect for success for the professional poker player is the thickness of their bankroll.  With a strong bankroll, players can stay in longer and win more overall as well as rein in their wagering when they feel they've had enough.  Wagering from a position of strength is far more effective than wagering from a position of weakness, which is what having a small bankroll it is.  Being victimized by this type of weakness can destroy even the strongest players chances of winning in the long run, regardless of how much time they have.  Once the player has gone bust, it is not a pretty sight and it is very hard to recover from.  In fact, the road to success in the world famous Las Vegas gambling is littered with the broken dreams and shattered hopes of thousands upon thousands of would-be professional poker players.  These players all forgot the golden rule of maintaining the professional poker players bankroll.

Regardless of what type of game you are playing, whether it's Texas Hold'em poker tournaments or Omaha variations or even some type of stud poker, it is important to keep certain rules of the bankroll in mind.  If your bankroll changes, the wager has to change as well.  For instance, if your bankroll goes up, your wagering should resemble this increase.  The rule of thumb is to wager 1% to 2% at any one given time.  In this manner, the professional poker player can ensure that they're not spending too much but they're not spending too little on their wagers and the reward will be worth the risks to their overall long-term success.

In the beginning, the player should begin splitting their bankroll as it reaches a certain amount.  Simply set a multiplier, such as 10 and aim for that amount.  For instance, if you start with $100 and your multiplier is 10, then you would split the amount of your bankroll once you reach $1000, which is the end result of multiplying $100 by 10.  In this way, you would simply put half your winnings into the bank at certain intervals.  Beginning with $100 you would make a split at $1000, leaving you with $500.  With this $500, and vast back in to the bankroll until you generate another $500.  Once you're at the $1000 mark again you can invest your $500 back into your bank account.  At some point you will obviously raise your limits and begin to invest more and more money into savings as well as your bankroll.  But it is important to remember that shielding your bankroll from harm is more important than playing recklessly and trying to build up a large bankroll in a hurry.


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