You’re bankroll is a budget that you must follow in order to make money, and at the same time not risk losing all of it.
Bankroll management is perhaps the most important aspect to being a profitable player in the long run, and to being a true professional.
DECIDE YOUR BANKROLL’S PURPOSE
Do you want it to simply make some extra income?
Is it purely a hobby or possibly more?
Your bank roll will act as your budget and dictate the games you play and how much you risk.
“Taking calculated risks is important, and is quite different than being rash.”
DECIDE ON YOUR STARTING INVESTMENT
Decide the amount you can invest in your bankroll.
Also decide if you’ll be able to replace it or replenish it.
If so, you may choose a slightly riskier bankroll strategy, as it carries with it a higher reward.
Conversely, if it is more important to protect your bankroll than to profit the highest amount, it may be wiser to choose a safer bankroll strategy.
The Professional Bankroll:
The safest of the bankroll strategies, this plan is designed for the bankroll that cannot afford to be lost.
Tournaments: 200 average buyins.
This means that your average tournament buyin should be 1/200th of your bankroll. For example, if you have a bankroll of $2,000 you should be playing an average tournament buyin of $10.
Cash Games: 50 average buyins.
Sit & Go’s: 75 average buyins.
The Part Time Bankroll:
This strategy is for players who can gamble slightly more with their bankroll, usually because poker is not their primary source of income.
Tournaments: 100 buyins.
Cash Games: 25 buyins.
Sit & Gos’s: 45 buyins.
The Aggressive Bankroll:
A preffered strategy for those who can afford to lose their bankroll and/or replenish it at will.
Tournaments: 50 buyins.
Cash Games: 15 buyins.
Sit & Go’s: 25 buyins.