The Bankroll: A fundamental external management factor
The management of the bankroll is a very important element of poker if you play for real money. This is an external element, that is, it only has value outside the game tables, although it also has a direct impact on the game. Seen this way it seems unimportant, but let’s see that, far from that, it is an essential factor to succeed playing poker for money.
Your bankroll is your poker bank, the money from your poker account . And the management part of the administration of that money is almost as important as how you play it sitting at a table. This administrative part consists of a good organization of your money. Knowing how to organize your money is a fundamental part of poker and often forgotten.
From the moment you take the step of playing games with fictitious money to real money, it is more than advisable to start developing a bankroll management job for very little money you invest. This consists of knowing what money you have to play poker and knowing how to use it, manage it and manage it to be able to move forward without major risks and increase your bankroll.
Сoncept of bankroll
The concept of bankroll is linked and is born from what it is about avoiding at all costs, losing all your money for poker, or “busted bankroll”. To avoid this there is the bankroll management job.
The first thing to do is to differentiate your own money from your daily life with the money invested in poker, since if you don’t do it it can be very harmful for your game. In other words you cannot be thinking about what that money means or can suppose in real life since this could significantly influence your decisions. This influence is always negative since it will not allow you to see the hand with objectivity for being under the influence of external disturbing factors.
Good bankroll management
Good bankroll management will result in knowing what tables you can play and at what levels, depending on the poker money you have. This translates in a very short way that you can never play either a tournament or cash game whose investment I suppose more than 10% of your bankroll. It’s about giving you a margin of error and maneuver.
So with tenacity, perseverance and a lot of self-control, you can increase your bankroll as profits go in, only in these cases you can progressively increase the level of your games. However, if the losses come, we would make the opposite movement that would consist of reducing the game levels adapting them to your current bankroll. This is about never putting your entire bankroll at risk and thus avoiding having to recharge money. The fact of having to be recharging money repeatedly has an important and very negative psychological effect, since this is synonymous with mixing your own money with that of poker and usually has very negative consequences.
In short, the concept of bankroll affects not only your poker money but everything that surrounds it. In this way, good bankroll management will help you to correctly choose the tables and levels that you must play. It will also guide us to know when we can invest a little more or when we must make a small regression to recover the lost without greatly increasing the risk.
The “tilt” (frustration) outside the tables also exists, and in this case it may be the result of not respecting the good management of our bankroll and skipping it lightly. The most important thing is that if we decide to make a good bankroll management we follow it until the end , and above all avoid that after having lost a game, instead of maintaining or reducing the level we decide, aggressively, to play it all in one single game That may be the biggest mistake in terms of good bankroll management.