Have a Poker Bankroll - How Not to Suck at Poker Ep. 6
Not sucking at poker is one of the most important things you have to do if you want to have fun playing poker. In the 6th installment of our landmark poker strategy video series How Not to Suck at Poker we explain one very crucial way you need to not suck, by having a poker bankroll and following proper bankroll management. Most people are extremely attached to money. They work most of their life to have enough of it and losing it can be pretty scary. That's why to be an effective poker player you must have a poker bankroll that's separate from the rest of your regular money. Even the best poker players in the world have losing weeks or even months. The best way to deal with that psychologically is to trust in your ability to win in the long run, and to structure your bankroll and the stakes you play so that you can make it through long stretches of bad luck without going broke. When you have a big enough bankroll you won't be stressed out about a couple losing sessions, and you won't be afraid to pull the trigger on a big bluff, or make a big call when the time is right. The most common guidelines say that in a cash-game you should never put more than 5% of your bankroll in play at a time. That means if you're playing $1/$2 No-Limit at your local casino and you buy in for two hundred dollars, your bankroll should be at least two grand. If you're multi-tabling online you should have even more. For tournaments you should have a bankroll of at least 100 buy-ins. So if you're playing the nightly $10 MTT at your favorite online poker room, you should have at least $1,000 in your account. That probably sounds way too high for recreational players but that just goes to show how much variance there is in tournament poker. These numbers are also designed to make sure you never bust your bankroll. If you're an amateur player who has no problem re-depositing if you go broke, it's definitely okay to take bigger risks with your bankroll.