Posted on January 25, 2018
About Bankroll Management
A sound rule for bankroll management is this, bring a low enough portion of your bankroll to the game that you can focus solely on the game and not on the money that you have in front of you. The more cautious you are with your bankroll, the more capable you will be of riding out the downswings in variance that are a fundamental part of poker. No one is a winner on every single night at the table, but if you only bring a manageable portion of your bankroll to the game, you can ride out the nights when it’s just not meant for you.
Another aspect of bankroll management which is important is deciding when you should move up to higher stakes or move down to lower stakes from the game that you are playing. Typically you want to play in a game where you are getting the greatest edge but sometimes it is possible that this game will not make the most money in the long run. Most players are drawn to games where higher stakes are involved but it may not be best for you as the player to play in those games. If you find that you have been able to beat a game at a certain stakes for an extended period of time, and feel that you would be capable of handing the mental shift to a higher stakes game, then it might be time to give it a try.
It is important to make sure your bankroll can handle the potential that you will not fare well in the new game. Likewise, if you find that you are unsuccessful in a game it may be time to go down in stakes to a game that you can be profitable in. There is a bit of a stigma in the poker community about moving down in limits, but it is something that a responsible player will do as often as is needed to make sure they are playing with a stable bankroll. In summary, the bankroll you have determines the game that you should play in and quite possibly the level of play you will find in front of you. If you make smart decisions regarding your bankroll, you will set yourself up to be a more successful player.