We're confident to say this is the best series on poker bankroll management you will find on the web and a helpful guide if you want to play poker for real money at the best and most reputable online poker sites recommended by PokerNews.
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In short: you need the right poker bankroll management strategy to win, whether it's on the green felt in card rooms around the world or at any of the many poker apps nd online poker sites out there.
These three rules form the foundation of poker bankroll management and should be followed by all poker players, regardless of their experience or proficiency. That means even the full-time poker grinder looking to be an online poker pro should follow these concepts!
It is crucial that not a single cent of your poker bankroll is required elsewhere because as soon as it is, you are gambling with money you cannot afford to lose. This is a cardinal sin in all forms of gambling, including online poker. Make sure you always keep the money for poker separate to minimize any significant risks to your living expenses!
There is more to managing your poker bankroll than simply depositing a lump sum into your online poker account and playing poker with it. The size of your bankroll dictates the games you can afford to play.
One purpose of our bankroll is to act as a cushion for when we lose, which will inevitably happen, even to the best players. If you sit down online at a $0.10/$0.25 cash game table with just $25 as a bankroll, then once you lose that one buy-in you are out of the game.
The first step to starting a poker bankroll is working out how much money you can deposit at an online poker site. Remember, your bankroll should only ever contain funds that are not required for your day-to-day life.
Some players choose to start with no funds at all and try to build a bankroll from scratch. They sign up to an online poker site, play in freeroll tournaments that are free to play (as their name suggests), and use any money won from these free games to build a bankroll from.
Although everyone wants to build a poker bankroll in record quick time, the process can be rather slow. Ferguson worked out he was earning a mere $0.14 per hour when he was playing freeroll tournaments during his $0 to $10,000 challenge, but his hourly rate was not important, the fact he was slowly adding to his war chest was.
Taking advantage of the welcome bonuses online poker sites offer is one way to help pad your bankroll and help it grow larger faster than simply playing poker. Every online poker site listed on PokerNews has a welcome bonus for new depositing players.
In addition, look for special promotions offered by these sites that can see extra value come your way be it through a one-off bonus, free tournament tickets, or similar. Every little bit helps when it comes to building your bankroll.
The table below shows the recommended number of buy-ins for the most common game types currently played online. (Note: bankroll recommendations for online games differ from those for live games.) Try to never have more than 5% of your entire bankroll in play at any one time. Reduce this number further if you are less risk-averse.
In the case of poker tournaments, both online and live, the numbers listed below refer to the number of tournament buy-ins. Thus if you like to play $5 MTT's, a number of 100 (as a minimum) refers to having $500 in your bankroll with which to play.
You may be surprised at the figures you are seeing in the above table, but those are the recommendations often given in response to (aspiring) poker players asking how large their bankrolls should be. Feel free to play around with the numbers and find an amount that suits you and your current situation.
Everyone is different when it comes to building a poker bankroll. Some players like to start with zero funds and play freerolls to try win money for their bankroll. Others are in a position to make a one-time deposit and use those funds to play poker and climb the various stakes as they win more money.
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