Poker Bankroll – The #1 Reason Why so Many Poker Players Fail

So why is poker bankroll management so important? The easy answer to this question is, If you have no money left then you really can’t continue playing. I know it sounds easy, but this is the main reason why so many poker players lose.  People are trying to win too much too fast which usually results in many redeposits  back into the poker sites.

When I talk about poker bankroll, I’m referring to the amount of cash that has been put aside to use on nothing else but to play poker. You should never use the money that you need for rent, food or clothing. You should be willing to lose whatever amount you choose. Here is what I pesonally use and suggest regarding bankroll management. 

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. Since the MTT’s usually only payout the top 10%, you will find yourself cashing less often.

Cash Games – Use only 2% or 1/50^th of each buy in. As an 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 would be required.

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. Poker can be a roller coaster ride at times and you will inevitably go through some losing periods. Not having enough cash to handle these downswings can force you into making bad decisions due to the added extra pressure. 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