Bankroll
September 8 2008
Most poker pros don’t like to cash out money from their bankroll. The bigger the bankroll, the bigger the game you can play in, and the more money you can earn in a session of play. Cashing out is a step backwards, especially if you’re still climbing the blind levels. If you have determined a blind level where you’re comfortable playing, and intend to remain there for a while, you should try and maintain 200 times the big blind of that game.
Not all players can afford to have a large bankroll sitting around. Many require that money for things other than poker, so cashing some money out is often a required thing to do. If you have to use some of your bankroll for bills and things, you should maintain the "200 rule." If you need more than that, you have to drop down in playing level until you earn that money back. You’ll no longer be protected against bad runs if you’ve shrunk your bankroll and you experience a bad run of cards.
Tournament wins can usually be withdrawn, with the exception of the entry fee, if you’ve been practicing proper bankroll management before your win. Winning a big sum of money in a tournament does not mean that you’re ready for high stakes cash games. You should climb the blind levels by winning at the previous blind level. Your tournament winnings disappear rather quickly if you’re not ready to take on better players at higher blind levels.
Cash out what you need when you need it. Then make the proper adjustments in your playing levels to maintain a secure position. If you do that, you won’t go broke and you’ll always be in the game.
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