Bankroll,
Beginner Strategies
August 23 2008
If you want to make money at poker no matter how small or how large your bankroll is, you have to be successful at managing your money. No matter how small your bankroll may be, you can get it as high as you want with skill at the table and shrewd money management. Managing your money effectively is key to making money in poker because it will keep you from going completely bust whenever you have a bad session or a lengthy bad run at the tables.
The biggest problem most poker players have is that they play above their bankroll and then an unlucky streak bankrupts them. Here are two key rules to follow to keep your bankroll from getting washed away in one fell swoop.
The rule for Limit Poker is to always have at least 300 big bets for whatever limit you are playing. So if you have a bankroll of $600, you should play no higher than $1/$2 limit. If you have a bad run and lose a portion of your bankroll, remember to follow the rules: You must now play a smaller limit.
The rule for No Limit Poker is that your bankroll should be a minimum of 20 buy-ins. So with your same $600 bankroll you would have 24 buy-ins for a $25 NL table at which the stakes are usually $0.10/$0.25. To play at a higher level you must increase your bankroll. And, again, if your bankroll takes a big enough hit you must drop down a level, or more bad luck will bottom you out.
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