Bankroll Management - Online Poker

by Admin on 06/01/2019

If you’re a rookie pokerhead looking to level up to a more serious level, bankroll management (BRM) is an indispensable weapon to power ahead. You could be the big kahuna in a couple of hands, maybe even in a streak of games, but with discipline and proper money management skills, your stakes could improve multifold. BRM let’s you smoothen your playing techniques and lets you have a better control of your winnings.

 

BRM has little to do with your actual ability and more about how well you manage the dough in your account. Simply put, poker bankroll is the amount you’ve kept aside for playing the game. It pivots on a handful of factors, but BRM starts with the concept of risk - how willing you are to part ways with your money.

 

What are your stakes?

Whether it’s ₹10000 or ₹1 million, you should have a limit on your bankroll; for instance, using only ₹5000 out of the ₹10000 and keeping away the half for funding further poker games. Every player has their own limits and it’s crucial to note that poker is a game of skills, but it’s also a game of chance - so you must never buy-in more than you can afford to lose. But you should take a swing at your opponents using poker bonuses, which matter hugely in maintaining a steady bankroll.

 

What type of game do you play?

Cash games vs. tournaments - how daring are you? At least 20 buy-ins are recommended for cash games, but some players raise that to 40-50. Example: if you wish to play a 10/20 stakes game on PLO with a ₹500 minimum buy-in, you would ideally need about ₹40000 in your bankroll account. The higher variance tournament games require a higher bankroll because of higher stakes. As a general rule of thumb, although it can very wildly with the type of poker player, you should limit your buy-in at 2%-5% of your bankroll limit in multi-table tournaments (MTT) and should ideally try again the next day if you lose 10% of that limit.

 

How good are you?

Size of bankroll also depends on your ability as a pokerhead. If your win % in hands is 40%, you would need a bigger bankroll than a player who has a 70% win rate. Particularly noteworthy for tournament players, assessing the win rate by collecting a large sample of hands (win/loss) can tell how much money they would need going into a tournament. If you could determine your win %, it’s going to go a long way in finding, keeping and graphing-up your stacks in your bank.

 

What are the betting limits?

These are key for keeping a streamlined bankroll. No-limit cash games in hold’em need relatively similar bankroll amounts as pot-limit omaha (PLO) games. PLOs are an adrenaline buff’s paradise - because of the high stakes and high variance levels. Stashing least 30 buy-ins in your bankroll is recommended in PLO games, while pros can build up to 40-50 buy-ins. Let us show you a scenario - say you’re currently rolling the dice on a ₹3500 PLO cash game. You should stick to these stakes until you’ve built your that stash bag up to 285000. At this point it’s advisable to up the ante to a PLO ₹7000 game. Below are indicative blinds vs. bankroll required table for pot-limit and no-limit cash games:

 

No Limit Cash Games:

Blinds

Required Bankroll (Approximates)

5 / 10

₹14300 - ₹28600 (at ₹700 buy-in)

200 / 500

₹715150 - ₹1430300 (at ₹35000 buy-in)

 

 

 

Pot Limit Omaha Games:

 

Blinds

Required Bankroll(Approximates)

10 / 20

₹ 40000

100 / 200

₹640000

 


Bankroll Building

If you play poker well, have a steady headspace and can keep within your bankroll limits, you can easily build a towering bankroll for yourself. Rookies can build their accounts slowly, whereas financially well-off players don’t need to keep track of their bankrolls as much. Managing your expectations is another go-to aspect of BRM. If you are a starter, try to convert ₹1000 to ₹1500 in a night and as a pro, you should aim to hit the moon and make ₹2 lakhs from ₹1 lakh. BRM tools like Poker Dominator, My Poker Bankroll, and even a regular Poker Bankroll spreadsheet are excellent for keeping your money on track.

 

Whatever the game you play, or type of player you are, or the luck that is riding on your shoulders, bankroll management is by far one of the most important aspects of your poker life.

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