Top 5 Bankroll Management Tips
Bankroll management is the number-one key to success in your online poker endeavors. Wins and losses do not necessarily determine your victories and failures so much as properly managing your bankroll to ensure your bankroll survives to face another poker table.
The following is a carefully thought out list of the Top 5 Bankroll Management Tips. You can use these tips at UB Poker and receive a bonus of up to $1200, or use one of our Party codes.
Top 5 Bankroll Management Tips - #1: Bankroll Origins
Ask yourself, where is your bankroll coming from, and can you afford to lose it? Never let your bankroll be made up of cash you cannot afford to lose. Set aside extra cash each week or month that does not have any other purpose. If your bankroll depletes, continue to build your poker stash and replenish it as you can.
Top 5 Bankroll Management Tips - #2: Using Your Bankroll
Your bankroll should be meant for playing poker only. If you have a winning session and spend all of your profits on an extravagant dinner or night on the town, you’re not actually getting anywhere. You should only spend your winnings if you have no intentions of becoming a better poker player.
If, however, you want to climb the stakes ladder and start winning bigger profits, you’ll want to keep all of your winnings in your bankroll. (Refer to Tip #3.)
Top 5 Bankroll Management Tips - #3: Bankroll Determines Limits
The size of your bankroll should determine what limits you play. A good rule of thumb to ensure bankroll longevity is to never take more than 10% of your bankroll to a single table at one time. If you have $1,000 in your bankroll, you shouldn’t be bringing more than $100 to a table. In the same token, you should be able to bring 400x the Big Blind in No Limit poker games, or 100x the Big Blind in Fixed Limit poker games. Doing so will even out your probabilities of winning, and with a good poker strategy involved, you can turn quite the profit in a single poker session.
Top 5 Bankroll Management Tips - #4: Changing Stakes
As your bankroll grows, you may be able to play at higher stakes. Make sure you only climb one rung of the ladder at a time. The competition will be stiffer at each new level, and if you aren’t prepared for it, your bankroll will surely suffer. In the same token, dropping down a level should not be out of the question. When you have a bad run at the tables, and your bankroll drops, you may find a lot more success (via fishier competition) at lower stakes. This will enable you to get your bankroll back to a decent level before moving back to your preferred stakes level.
Top 5 Bankroll Management Tips - #5: Every Decision Matters
Take your poker game seriously and do not make any frivolous moves. When real money is at stake, every bad decision takes a toll on your bankroll. Play smart, use your poker strategies at all times and make every call count!
