Bankroll Management: Why you should use it (+4 Tips).

 Bankroll Management: Why you should use it (+4 Tips).

In this movie, Mikey and Matt Damon make a big mistake at the beginning his poker career. It almost costs him his livelihood. This video will show you what we mean.

He placed his whole "bankroll" on the table and took a huge risk.

It's suicide in the poker world. No matter how talented you are, this is almost certain to result in your bankruptcy.

How do we minimize the risk of going bankrupt?

You can bankroll manage!

Bankroll Management: Why you should use it

Professional and beginner poker players should each have enough cash to play poker. The cash's location is not important; you can either keep it on the site or in a bank account that can be accessed easily.

For new players, this could mean that you deposit between $50 and $500 to start your 'roll' at the poker site. For the first deposit bonus to be effective, deposit as much as possible. These bonuses may double or increase your deposit depending on the poker site and available deals at the time.

A poker player needs a large bankroll to be protected. Building a bigger bankroll should be your goal. It allows the player to play even in the worst possible hands, and still have enough money to keep going. A bankroll basically refers to the capital investment necessary to start a company and the cash flow needed to keep it running.

Insufficient cash flow can lead to a company not being able pay its creditors on time and eventually it will go under. An identical situation can occur for a poker player that doesn't manage their bankroll correctly: the swings which are an inherent part and parcel of poker will eventually catch up.

A bankroll basically refers to the capital investment necessary to start a business as well as the cash flow needed to keep it running. In other words, a business without enough cash flow will stop paying its creditors on time and eventually go bankrupt. An identical situation can occur for a poker player that doesn't manage their bankroll correctly: the swings which are an inherent part and parcel of poker will eventually catch up.

With bankroll management, we want to decrease the likelihood that we will go bankrupt because of bad downswings. That is poker speak for reducing our chance of ruin. Heads Up Poker Strategy - Bankroll Management