Managing Your Poker Funds (bankroll Management)
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Managing your funds in private life and in poker is pretty much the same. If you don’t want to go bankrupt, you need to control your spendings and be sure not to spend your whole budget at once. This article will teach you how to minimize the risk of loss and maximize your profits.

The basic principle of bankroll management is to distribute your capital in an appropriate way and as a result, to be successful in poker. In order to do this, you need to follow some basic principles and above all, be consistent with your actions. It is possible to safely profit from playing poker, but you must keep in mind that success does not always come right away. You need to be prepared for strings of bad luck – so called “downswings”, which happen quite often in poker and can last through a few or even dozens of hands. If you won’t properly manage your bankroll, your budget will quickly decrease to zero. Read on and you will learn what to do to protect yourself from going bankrupt and how to use your good fortune when it finally comes.

Remember - exceeding your set budget marks the end of the game! This thought should always be on your mind, whenever you want to put everything on one card or start being reckless. So, how do I win money without the risk? Just stick to your bankroll management and you will be fine.

What is bankroll management?

In a nutshell, it’s a way to rationally manage your poker budget by selecting the appropriate stakes and limits and therefore minimizing your financial losses. Bankroll is all the available cash you can devote to the game. To avoid bankruptcy, you can never bet with all your capital. Everyone eventually gets a period of bad luck and to survive it, you should consistently manage your bankroll. This strategy is used by poker players all around the world.

Consistency

Playing at low stakes can not only give you valuable experience, but also teach you discipline. It is one of the most important skills you can learn to properly manage your bankroll.

Dropping to lower stakes

Sometimes when your bad luck lasts for too long, you will be forced to descend to a lower stake. Despite the fact that each poker player would hesitate to make that decision, the ability to take a step back often helps you with taking a step forward. Do not treat dropping to lower stake as a failure, but as a strategy for managing your capital.

Playing comfortably

What does it mean to play comfortably? It means that even if you have a large bankroll, you should only play at stakes that you feel comfortable with, so any possible loss will not be that important. If your stakes are too high, you won’t feel comfortable and that in poker that can lead to disaster - to bankruptcy.

Discipline

Bankroll management only brings you results, if you follow the rules set by yourself. If you specified the stakes, hold on to them and don’t exceed them. If you play the specified limits, do not increase them until you are sure you are able to win. If you’re winning, do not increase your stakes rapidly, thinking that your good fortune will last forever.

Playing on a single table

If you think that playing at multiple tables is more profitable, you’re wrong. Focus on one hand and observe your table - only this way your decisions will be thought through and you will not make them lightly. Learn the behavior of your opponents and analyze the hand, even after it’s finished.

In conclusion

Bankroll Management in poker is one of the most important success factors. Remember to always minimize your risk and maximize your profits. Your safest bet is to do that by playing low stakes and low limits. Once you feel confident, make a small step forward. You cannot start winning without the consistency and discipline.


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