Poker Financing: Basic Bankroll Management
by Dougie Goguen | Dec 26 2011
Find out how bankroll management can help you keep and grow your deposit bonus at Bodog!So you've signed up to play real-money online poker at Bodog! Congratulations – you're going to get a healthy deposit bonus to help your bankroll grow! So what are you going to do now to make sure that you get the most out of your deposit ad bonus money? Two words: bankroll management.
Sign up to play at Bodog and you can earn up to an online poker deposit bonus of up to $1100.If the name wasn't enough of a clue, bankroll management is how poker players avoid losing their bankroll by staying within the range of games they can afford. It ensures that there's adequate funding so you can weather a run of cold cards. Even if you're earning decent money and the bonus dollars in your account are growing alongside your original bankroll, good management keeps variance from wrecking your game entirely
What game limits should you be playing at? If you are playing pot limit or no limit poker, the safe recommended size of your bankroll is 20 times the full buy-in of where you want to play. This means that if you want to have the best chance of making money at a $.50/$1 game where the maximum buy-in is $100, you should have a bankroll of at least $2000 in your bankroll.
However, let's say you want to play Limit Hold ‘Em to keep your losses mitigated, particularly while you're still learning the game. In that case, your bankroll should be the size of 300 big bets for the game you wish to play. That means that in order to play $.50/$1 limit hold ‘em poker, you should have at least $300 in your bankroll.
A good rule of thumb that helps new players understand bankroll management is by only playing in games where the maximum buy-in is 5% of your bankroll. This basically equates to 1/20th of your bankroll, so at a glance, just divide your bankroll amount by 20 to determine whether or not you should sit down to play at a table.
Play real money online poker at Bodog today!If you want to become a recreational poker player that wins more than they put into the game, good bankroll management is going to be essential to your game. Not only does it make good financial sense to keep an eye on your bankroll and how much you put into games, it also helps mitigate the losses you might experience on a psychological level. Even if you lose all of your buy-in at a cash game table, you'll still have 95% of your bankroll in reserve, waiting to play another day!
