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Money Management, Why You Need to Manage Your Bankroll
By Nathan Shaw
You should
only play games that your bankroll will allow. If you have 200 dollars
to play with for a month you don’t want to lose it all in the first week
playing a 5-10 no-limit game. The average pot in these games would be about
the size of your bankroll. You should play lower limit games that match
your bankroll.
Minimize your
losses. I have seen players loose a big hand, go on tilt and loose their
whole bankroll in one night. If you ever get angry because of a bad beat
or loose a lot of money quickly you should take a break. A lot of mental
energy will be used up worrying about your bad luck, this will effect your
game in a negative way. I recommend going for a walk or even quit playing
for the day. There will always be another game tomorrow.
Protect your
bankroll. Not every player needs a bankroll. If you only play on occasion
with extra money you probably don’t need to worry about this. But if you
are a player who wants to make a good income from poker your bankroll is
an asset. Lets say you start with a bankroll of 500 dollars at a poker
site. Now after a week of winning you are up to 2000 in your account. You
take out 1500 and go buy a new TV. That is fine but if you get on a bad
streak you can easily loose the 500 you still have. Then you will have
no bankroll and wont be able to play. This happens to a lot of good player,
and if they cant play they cant win anymore. This can put an end to your
poker profits.
So just remember
that poker is a game of swings. You can win a lot but you can also get
on a bad luck streak and lose a lot. Just watch your bankroll, manage your
money, and always leave yourself outs.
------Suggestion-------
Remember to
think about your bankroll before each time you play. Think about what will
happen if you loose all your money in your account. Will you want to deposit
more money you cant afford to lose? Are the stakes of the game so high
it you loose a big hand you will be out of chips? Just think before you
start to play about the worst case scenario and you should have less bankroll
problems.
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Article Source: http://EzineArticles.com
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