Bankroll,
Beginner Strategies
July 22 2008
To get your poker account growing instead of shrinking, you’ve got to be able to manage your money. You don’t want to have to reload your account over and over so you need more money going in than coming out on a regular basis.
One of the most basic ways to manage your money is to set a loss limit and be sure to stick to it. If you have a hard time quitting or taking a break, even when you’re constantly losing, a loss limit can save you a ton of cash. A loss limit will simplify things by telling you when it’s time to pack it up. If you lose a hand and you fall below your loss limit, this should be your last hand.
One reason a number of beginners can’t manage their bankroll properly is because they play over their head when compared to the size of their bankroll. The unwritten rule is that your bankroll should be between 300 and 500 big bets of the limit at which you play. For example, if you have a bankroll of $200, a good level to start at would be the $0.25/$0.50 level.
If you’re playing No Limit poker you may need your bankroll to be even higher than that to play, because bankroll swings can be so much higher in No Limit than they are in Limit poker. By playing above your limit, every time you lose it’s taking a much bigger chunk out of your bankroll than it should. If you have a few unlucky sessions, your bankroll can be gone in a flash.
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