Protect your poker bankroll
If you are a player who is looking to build up their financial wealth while playing poker either online or offline within a live poker situation, you need to be able to protect your poker bankroll to avoid going broke.
Many players are attracted to the game due to the high volume of money that is available each and every day but in order to be able to remain eligible to win a share of the millions of dollars that are available, you need to be able to retain a fund that is used to build your bankroll from.
So many new and inexperienced poker players head to the poker tables with the wrong mentality and without knowing it, they are placing more than their funds at stake.
One of the biggest mistakes that is made on a regular basis, especially within the online poker rooms available on the internet is that players feel that because they have credited a certain amount of money into playing the game, they have to carry the full amount to the tables.
The truth is that experienced and more clued up players think about exactly what they are putting at risk, with a large number of them only taking a small percentage of their credited funds to the tables, allowing for periods of dry cards and mistakes.
If you are taking the full amount of your bankroll to the tables, you are risking having to reload your bankroll to continue play should you have a bad time at the tables, where as if you were to hold a percentage back from the action, you would automatically have funding to be able to try to battle to win your money back.
The second most common mistake that players make at the time of joining a game of poker is to overprice their stakes, playing in a game that is simply too expensive for their bankroll.
An example of this is the swarm of players who will load as little as $50 into their online accounts and then head straight for the $.50/$1 real money ring tables or higher, holding less than 100 times the big blind, an amount that is the minimum recommended for players to site down at a table with.
A poker player is only as successful as the bankroll that they hold, something that many poker players forget or simply don’t think about, think about it, how many professional poker players do you know that have a bankroll that is less than $250,000?
Top poker professional players such as Phil Ivey have a poker wealth of more than $12 million, something that has not only taken a lot of time, dedication and work but also a huge amount of will power to not enter into games at the earlier stages of their career that were simply too rich for them.
So what are the general rules that you should think about when you are selecting the best game and stakes for you, ensuring that you are effectively managering and protecting your bankroll?
- Never take the full amount of your bankroll to a poker table, ensure that you keep a percentage back should you have a rough time at the tables.
- Never enter a game that you can’t at least post a minimum of 100 times the big blind, this means that you have plenty of time to wait for the right hands before playing into a pot.
- Be realistic with your stakes, if you’re a new poker player, heading to the $1/$2 tables could well be the worst idea that you have ever had as you are likely to run into players who are better than you are.
- Don’t withdraw from your bankroll simply because you don’t want to lose it, doing so will not only place you into a negative state of mind but it will also reduce the initial stake that you had invested into your play.
- Only wager money that you can afford to lose, every poker player will experience times where they can’t seem to catch a hand so you need to be playing with money that isn’t set to be paid out on other expenses.
