Building Your Bankroll, Then Managing It

The whole purpose of playing poker online is to make money.  Visit any poker website or read any poker blog and you will learn that if you are unable to manage your bankroll, playing poker online will not be a profitable experience for you.  And if you are not making any money, that experience is no longer a fun one either.

It’s easy to manage your bankroll if you are able to develop some discipline in following the rules of bankroll management.   We are going to lay out a few simple rules and if you are able to stay within these simple guidelines, you should be able to deposit a certain amount of money and never have to deposit money again!

If you are a cash game player, your bankroll should have a  minimum of twenty buy-ins, regardless of your level of play.  Should you get to fifteen buy-ins or less, you should consider moving down a level until you can get back to a twenty level buy-in.   One buy-in is considered 100 big blinds. For instance, at .01/.02, a buy-in is $2 (100 x .02 = $2) and that is why .01/.02 is called $2NL.  So, if you deposit $50 and are determined to use good bankroll management, you should start out playing $2NL until you can work your way up to $100. When you get to $100 you can then start playing $5NL. If your play starts to spiral at the $5NL and your bankroll drops back down to $75 (15 buy-ins), then you might consider dropping down to $2NL and work it back up.  Remember, the only people that don’t move down are the the players that eventually go broke.

If you are able to develop some good bankroll management skills, soon these skills will become second nature and it doesn’t have to be difficult!  Managing your bankroll will only help your game as you grind from one level to the next.  The above scenario may be seen by many as a minimum ‘guideline’, but experts will agree that for a micro-stakes player, it is an acceptable way to gain an edge in a competitive environment where skill, patience and luck are the name of the game.

Winning Big Money In An Online Poker Room

When I first started gambling online, my whole intention was to learn more about the game of Texas Hold’em and gain more experience for live play.  I knew that I could play  low limit tables and practice with ‘free money’ for as long as I wanted in order to gain experience and confidence. I needed all the confidence I could get before playing with my own hard-earned cash!  It wasn’t long before I felt ready to deposit money and start building my bankroll.

One night a week turned into a couple of nights a week, then every time I could get online, I’d log into my favorite poker room.  When I was at my virtual online poker room, I didn’t think about work, family issues, the kids or anything else that entered my mind during the course of the day.  It was relaxing, fun and exciting  to think about the possibility of winning big.   I started to read poker articles online and couldn’t believe all the blogs and websites dedicated to the subject of Texas Hold’em.  The more I read, the more I learned and I realized that if you are a dedicated player, and really enjoy the game, you have the chance just as anyone else to win big.  Just check out the article below and you will see what I mean!

From Poker.net:

After winning $287k on his first day as a sponsored pro on PokerStars, Isildur1 drops down $300k. Isildur1, which rumors says he is the Swedish poker player Viktor Blom, almost lost his whole stack playing $100/$200 PLO against the pro Phil “MrSweets28” Galfond.

His losses in the PLO game are not a surprise because he is usually considered to be a superior No-Limit Hold’em player.

Swings like this are not a strange thing when it comes to Isildur1, last year Isildur1 won over $4 million on Full Tilt Poker and then lost it all and more.

For other player this day went a little better, the Full Tilt Poker pro Patrik Antonious was the big winner of the day with a win of $147k at the $200/$400 Six-Max PLO tables.

The new player KobeYard85 won $140k, Gus Hansen with $104k, the limit specialist O Fortuna PLS with $115k and harrington25 with $113k.

One of the big losers this day was Phil Ivey who’s been on a downswing recently, lost $117k more in only 169 hands.

Players that also lost quiet much were DrugsOrMe who went down $88k and Andrew Feldman who lost $87k.