Any experienced poker player will tell you, it is easier to blow your bankroll than it is to increase it. It is imperative to have solid bankroll management skills. Even the very best players in the world can bust. In my experience I have found this strategy the best for cash table poker players when it comes to managing one’s bankroll.
Cash Players Bankroll Management
Being able to sustain through the bad streaks on even the best online poker sites is extremely important. Any experience cash table poker player will tell you, the swings in playing cash games are high. Players can go on monster losing streaks just as easy as they can go on winning streaks. To play when you hit your winning streaks, you need to be able to with stand the losing ones. This is where bankroll management comes in. If you have solid bankroll management, you will have no problems when the losing streak comes.
Solid Bankroll Management Strategy
If you read some of the other bankroll strategy articles, they usually advise keeping 10 buy-ins. This would mean if you had $1k in your bankroll, taking $100 to the table. Although this strategy is not that bad it does have problems, cash players can easily go on a streak where they can lose several buy-ins quickly. Therefore, if you had a bad streak of losing five buy-ins in a row, your bankroll is now at $500, which means you are now forced to take half the money to the table. This also makes it harder to recover and get your bankroll back to where it was previously.
50 buy-ins bankroll strategy
Some players will disagree with this strategy, saying that you are being too reserved and limiting your profits. These players are usually good at poker but bust because of their poor bankroll management, believing they will never have that bad a run. The problem is most of them do. The 50 buy-ins bankroll strategy is simple. Always make sure you have 50 buy-ins. This way, if you have your bad run and lose five buy-ins, it barely affects your bankroll, and you can then go back to steadily increasing your bankroll with solid play.
The reason the 50 buy-ins bankroll management strategy works so well, is that a profitable poker player takes out any chance of going bust – as your bankroll is too deep to be impacted by a single bad session.
By sticking to this strategy, you take all chance out of playing meaning you can just focus on your poker, and not worry about how much you may lose. I am of the opinion that the fifty buy-in bankroll strategy is far wiser of a bankroll management strategy than that of the ten buy-in guideline.