On Sports Media Network we would like to discuss the importance of bankroll management, because usually poker players, who play online poker, will play at levels that are outside their current bankroll. These players will find themselves constantly depositing funds into their accounts without any winnings.
First you have to start to choose what kind of game you are going to play. Are you going to play a Cash Game, a sit & go, or a multi-table tournament? Once you have your answer you should take into consideration some tips according to the game, for example:
Cash Games: There is not an exact rule to play on cash game tables, but there are some things you must take into consideration, for example: Always look at the players at the table to decide whether or not if the table is a solid fit for them. You as a poker player only should play at levels that you feel comfortable at and blinds that fall into your bankroll. If a player is playing at the $0.25/$0.50 level then I believe they should have a bankroll of $2,000. You may see other numbers when you search on the internet, but when it comes to no-limit a player can lose his whole stack on one simple hand. Make sure you and your bankroll can handle the levels you are playing in.
Sit & Go tournaments: The rule says that a poker player should have “45 entries” when they decide to play a sit & go tournament. If you want to participate in a $5 sit & go. You should have $225 in your bankroll. You don’t need as many ’buy-ins’, ’entries’ due to the fact that there is less variance in a one table tournament, usually Sit & Go tournaments are a great way to improve your game, as well than your bankroll.
Multi-table tournament: The rule says that a poker player should have “100 entries” in their bankroll in order to sit down on a Multi-table tournament. This means that if I wanted to play a $10 multi-table tournament, I should have around $1,000 in my bankroll. Usually every tournament has at least 250 players registered, and when you take variance into consideration; this is where having 100 entries becomes a huge factor in bankroll management.
We have some Bankroll tips from the Professional Poker player Kenna James just CLICK HERE