Is Not Managing Your Bankroll Causing You to Lose at Poker?

So why is poker bankroll management so important? This question can be answered quite easily, if you go broke then you can’t continue to play. As simple as this concept is and sounds, mismanagement is probably the number one reason why people fail when it comes to playing poker.A lot of players become greedy and want to make to much way too fast which usually ends up in more deposits back into the poker sites.

For those of you that are not familiar with the term bankroll, basically it is the amount of money that you have put aside to play poker and nothing else. It should definitely not be money that you need for the necessities like food, rent or clothing. It should be an amount that you can comfortably afford to use and lose playing poker. Below are the guidelines that I personally recommend and use when it comes to managing my bankroll. 

SNG (Sit n Go’s) – I use 2% or 1/50^th of my bankroll for each buy in. For example if you have a $1000 bankroll then you should be playing $20 SNG’s

Multi Table Tournaments (MTT) – I used 1% or 1/100^th of my bankroll for each buy in. The reason for this is that usually in MTT’s they only pay the top 10% so you will be cashing less often and you will have more fluctuations  with your overall bankroll.

Cash Games – Use only 2% or 1/50^th of each buy in. For example if you were playing $1/$2 NL, the buy in is usually 100 X Big Blind so in this case $200. To play at these levels a poker bankroll of 10K is needed.

Now I know some of you are saying that this seems a little exaggerated and farfetched, but if you stick to these guidelines then you virtually eliminate the possibilities of having to redeposit ever again in your poker account. There is no doubt that you will go through some periods of losing as poker can be a roller coaster ride. These downswings can cause you to you make bad poker decisions especially if you don’t have enough money behind you to get through them. The old saying “Scared money is losing money” is so true.

If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com