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1. Poker Bankroll Management
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Poker Bankroll Management at its finest

1. My poker bankroll has been quite stagnant lately. I took money offline for expenses a while ago, but haven’t really tried to build it back since. But the other day I got super motivated to build it back after watching a training video from Nick Wealthall at TransformMyPoker.com. It was all about how you can best build a poker bankroll.
2. Apr 06, 2018  Many potentially great players never move up in stakes because they never build a poker bankroll—and despite knowing how to manage a bankroll, they lack the discipline to follow through. The bottom line is, improper bankroll management can prevent even the most talented player from moving up in stakes.

Discounting a lack of skill, the number one reason a poker player goes broke is due to poor poker bankroll management. Ask any professional poker player for one tip about how to get started in poker and almost all will advise you to practice bankroll management. That is fine, but what exactly is “bankroll management”?

Practicing sound poker bankroll management involves recognizing that the amount of money you have in your poker bankroll should always be dictating the stakes for which you play. That’s easy enough to understand in theory, but for some being able to put that idea into practice can be easier said than done.

Over the next three articles, I’ll be sharing tips regarding how to think about and manage your poker bankroll, including offering some specific strategies to help you with decisions about game selection, moving up in stakes, and cashing out.

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Your POKER Bankroll is For POKER Only

Let’s get one thing straight immediately: only use money that you can afford to lose to make up your bankroll. That is the golden rule. This means that the money in your bankroll is only needed to fund your poker playing. If you think you have a $2,000 bankroll but will need to use $1,500 from it this month or next to pay an important bill, then you do not have a $2,000 bankroll — you have a $500 one!

It is crucial that none of your bankroll is required elsewhere, not a single cent of it, because as soon as it is, you are gambling with money you cannot afford to lose and that can lead to you playing scared or less than optimally as you try to prevent any losses.

Your Bankroll Allows You to Play Your A-Game

Another consideration to make is whether or not this particular poker bankroll with which you are currently playing is the only one you will ever have. By that I mean if you were to lose it, would you have to take a break from playing or could you reload your account with another bankroll?

If you have a well-paid full-time job, losing $500 may not be a big deal to you. But if losing that $500 means you will not be able to play poker for a long time while you replenish your funds, then you may want to be a more cautious with it.

One purpose of our bankroll is to act as a cushion for when we lose, which will happen sometimes, 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 all you need to do is lose that one buy-in and you are out of the game. Have several $25 buy-ins behind you, however, and you can stay in the game and try to win back your money.

Your Bankroll Dictates Your Game Selection

How much of a poker bankroll you should have depends on a number of factors. These include the format of the game you play, your playing style, and your tolerance for swings (good and bad). For example, a short-handed (6-max.) no-limit hold’em cash game player can play from a smaller bankroll than can a pot-limit Omaha cash game player because PLO tends to have wider swings (or “variance”). Similarly, PLO cash game players can play from a lesser bankroll than can multi-table tournament players.

The table below shows the number of buy-ins I would recommend for the most common game types currently played online. (Note: bankroll recommendations for online games differ from those for live games.)

In the case of tournaments, the numbers listed below refer to the number of tourney buy-ins. Thus if you like to play $5 multi-table tournaments, a number of 100 (as a minimum) refers to having $500 in your bankroll with which to play. Meanwhile for cash games, the numbers refer to the number of buy-ins into the game wherein a buy-in represents the maximum amount allowed in the game. In other words, if the $0.10/$0.25 NLHE game you like to play allows a maximum buy-in of $25, a figure of 100 refers to having $2,500 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 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.

Find Your Comfort Zone

I personally prefer to play with a larger bankroll because I do not want to have to drop down in stakes at any point. Others may want to play with a smaller bankroll in an attempt to climb the stakes faster, but this increases the risk of your needing to move down levels or maybe even going broke. It’s all about personal preference.

There’s more to bankroll management than simply knowing how much you should have in your bankroll before sitting down in a given game. In the next two articles I will talk about some of these other considerations, including taking shots at higher stakes and cashing out strategies — so stay tuned!

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Sit ‘n’ Gos have achieved cult status in the online poker community. You sit down at the table, and when the seats are filled the game begins. I am sure ALL online poker players have played a SNG, and most have, at one time or another, sought to systematically build or bolster their bankroll by utilising a SNG bankroll building strategy. It is almost a rite of passage for an aspiring online poker pro.

There are many variations on the SNG. The classic one table SNG sees nine players vying for a share of the prize pool with the top three players taking a 50%, 30% and 20% cut of the prize pool. All players pay a percentage to the poker room to play, usually 10% of the buy-in. There are also multi-table variations of the SNG with 18, 27, 45, 90, 180 and 360 player SNGs available for your bankroll building pleasure. The prize pools are fixed at the buy-rates as the numbers of players are restricted to the maximum number. Obviously the swings can get wilder as the number of players increase in each type of SNG.

In many “How To” guides to online poker, SNGs have been promoted as a relatively low risk way to build your bankroll if you follow the specific strategies needed to be successful. No-one says the games are easy, but they are classed as beatable and relatively low-variance. This is a win-win situation for anyone who wants to make money but does not want to suffer the emotional turmoil that comes from crazy swings in their bankroll balance.

However, there is an asterix to bear in mind. Online poker in today’s environment has been restricted by legislative moves such as black friday and the dust is still settling. Unfortunately, this means that player pools are smaller than if we had a worldwide market. The reality is that the poker boom is over (sorry, but it is!) and there are now far less new players who are joining up and paying their dues in the form of losses as they learn the nuances of poker.

The question I ask is, are SNGs still the bankroll builder that they used to be? Let’s take a look.

The ‘Yes’ Argument

There are plenty of books available that discuss the optimal strategies to employ at each stage of the SNG. However, before you employ them to the letter, remember that some of these books were written years ago and therefore, some of their concepts may be a little outdated. The advice still works, but you could discount, for example, any comment that suggests there are “usually three bad players in a SNG”. This may be true, but you should expect each player to be reasonably competent.

This does not mean the SNG strategy books are no use to you, reading them will certainly give you a good chance to succeed, providing you place the advice into the context of what you will face today in the games. Take the time to look for the latest information that reflects the current standard of the games as they are getting harder all the time. You need to constantly improve to take into account the ever increasing standard of online poker play.

Like most online poker tournaments, the skills you will learn are transferable. SNGs will introduce you to the concept of ICM and every SNG is a form of practicing for deep situations in tournaments where you are making a run for the final table. For this reason, they are a good investment of your time in putting yourself in spots where you are going to learn.

As long as there are players taking a shot, you can beat them. As long as there are large player pools, you have a chance. I would say “have a go” and believe in your own ability.

The ‘No’ Argument

Rather than making a living from $200 SNGs, many good players realized that there were not too many bad players at those levels and they began to play far lower and take advantage of the numerous bad players at the low stakes games. They moved from large swings in few games to lower swings in a high number of games. This is bad news for anyone who is not absolutely top notch in SNG strategy as there will be good players littered throughout the player pools feasting on the fish.

In a post on 2+2 user “sippin_criss” replied to a question from a user who enquired whether it was possible to play $20 SNGs for a living. I thought his reply summed up in a few words the view of many players. He said:

The message is clear; only the best will survive and thrive. There was also a graphic posted which showed the top player in the $16 - $35 buy-in levels for 2016 was in profit by $16k. This is good but not life-changing. My own research on sharkscope suggests that if you win $20,000 at this level you will be one of the very best poker players in the world at these levels. This does not fill me with tons of confidence and within those wins will be the inevitable swings that will test your resolve.

Poker Bankroll Management

I have broken down the arguments into ‘yes’ and ‘no’, but the truth is there is not a simple answer. Elements of the yes argument are, in fact, reasons to proceed with caution. For example, if everyone has access to good learning materials then everyone is getting better. Conversely, if more good players leave the games because they believe SNGs are no longer an effective strategy for building their bankrolls, then there will be fewer good players for you to beat and your chances of success are higher.

Best Poker Bankroll Offers

The best thing for you to do is to study hard, learn the basics, and try the games out for yourself. Only by analyzing your results can you assess whether SNGs can work for you. You will also find your favorite games from the choices available. Personally I really enjoy the 180 man SNGs and seem to dislike the 18 man or 27 man SNGs. It is all choice at the end of the day, but I remain a fan of the SNG and hope it remains part of the online poker scene for many years to come.