A bankroll pertains to the money set aside by a player to support all of his gambling activities. It is an amount which a poker player can freely use without putting unnecessary risks on his/her finances and way of life. A professional player considers a bankroll the tool for the trade, without which, work is not possible.
Generally, playing with a bankroll of 300 times the amount of the big bet is a good ballpark figure. This means that a play that has a $1 – 2 limit would require a bankroll of $600. However, a more realistic figure is determined by the type of player and the type of game involved. A tight, solid player will probably need as much money as a player involved in a lot of pots. Games with more betting rounds than others would require a little more money. The player should decide for himself/herself what playing limit he/she feels comfortable in.
It is possible that styles of play may vary among players and yet have the same bottom line. This is because some would tend to play more than others which means higher savings. Eventually, each player would find the style that works for them and determine the bankroll that would meet their game requirements.
The basic guideline mentioned above about a ballpark figure seems simple enough – except that it isn’t. A player will most likely be facing more opponents with a flop in a smaller limit game. Savings will be relatively larger even if only premium hands are played because there are less hands overall that can be won, due to having more opponents. However, the pots that can be won will be bigger. Saving tends to be higher relative to the bankroll in smaller limit games.
Starting a little more than the usually recommended guidelines may not be suitable for someone who plays poker as the sole source of income. The recommended amount would fit those holding a regular job or another source of income. A professional player’s bankroll is essentially his/her net worth.
Playing poker has inescapable fluctuations which can be very costly for those who are completely dependent on it. Removing the monthly house payment from the bankroll when it comes due for example, depletes it. The bankroll is lost for reasons that have nothing to do with poker at all. Thus, having a bankroll that is a lot more than the standard 300x allows for opportunities to avoid such situation.
A professional player’s $20,000 bankroll is not brought to the poker table for very play. Part of the money should be made to make more money in other places, other than the poker table. Some could be taken to the casino and the rest be placed in a bank, stock market and other places where it can make profit.
A new player with a limited bankroll should make sure to receive the maximum bonus at every site to survive. This is made possible by playing at online poker rooms and casinos. The bonuses are percentage-based on the amount of deposit and are granted when the given number of hands is played.
Poker is a long term game that is why bankroll management is very important. It is a positive investment if a player’s aces are played properly although the possibility of losing money at any time is very real. Having enough money in the online bank will ensure against phasing and tilt.