How to manage a bankroll: 5 tips
If you open any website of a reputable poker room, you will see that the company is worried about the health of its customers. In particular, this applies to gambling addiction. The published guide on the rules of safe play touches on the management of the bankroll by the player. After all, it is not enough to have the ability to control yourself; a poker player also needs to know how to manage his funds in poker. In this article, we will give five simple tips on how to manage a bankroll.
Know your strengths
First of all, think about what kind of gaming advantage you have, which helps you win, and then evaluate the return on investment.
Let’s say you want to take part in an online poker tournament. On our website you can find reviews of popular poker rooms, where we publish detailed indicators for the pool of the percentage of weak players.
This information will help you understand who your competitor may be, whether you will have an advantage over your opponent in theory, and how high the chances of your victory are.
If the poker room is played mainly by amateurs, and your level is rated higher, then the probability of entering the prize increases. But if a large number of participants are registered in the tournament, and the room has a high percentage of professional players, then even with your tendency to constantly win, the chance of your losing increases.
Follow the registration window for the tournament
If you see a long registration window for an online poker tournament, then you should give up the idea of participating in a gaming session. Especially if you are also a beginner.
The longer the registration window is open, the more players can enter it. This means that the poker player will have to play much longer than he expected, and at the same time, the winnings will be very small. 7 or 8 hours of playing are definitely not worth it.
Regarding the registration itself, it is most profitable to pass it earlier, as far as possible. Then you will contribute to getting a good buy-in.
For example, if you participate in a tournament where the starting buy-in is $2,500 and the big blind is 20, then you will get 150 big blinds before the game starts.
Keep the bankroll in poker separate from the rest of the money
Suppose you regularly play online poker for real money. In that case, we recommend that you open free savings account via your bank or any other payment system convenient for you, where you will store funds only for playing poker.
Don’t spend this money on anything else and stick to the budget. Do not take money from other accounts that are not intended for poker.
Don’t be afraid to lower your bets
If you feel not quite confident, then do not be afraid to switch to games with lower stakes. After all, you probably are not considered a professional poker player with extra millions on your account, for whom the loss of any amount can be completely invisible.
Practice, gradually increase your bankroll. And don’t buy into people’s ideas that a player should go for promotion regardless of the result and opportunities.
Poker rooms do not require additional expenses, unlike casinos
The advantages of online poker rooms can be described very much and for a long time. This includes accessibility, the ability to play remotely, and opponents from different countries of the world.
When you come to a real casino, you not only lose these bonuses, but also have to fork out for additional expenses, such as food, drinks, parking, tips.
No matter how banal and petty it may look, but just try to imagine how much money is spent on the joys of poker players who hit the jackpot at the table? For example, on champagne, worth several thousand or hundreds of dollars because “now they can afford it”.
These were five simple tips on how to manage a bankroll. On our resource, you can find even more useful information in the section “About poker”.