Many of the poker players are finding it difficult to keep their winnings and one of the main reasons why this happens is due to a bad bankroll management. Online poker players tend to ignore all the bankroll management rules that could help them have a secure financial future with your online poker games.
The online poker management should entail 3 main principles:
- The first thing is that you will have to do is to do your best to protect your bankroll from erosion. This means that you will have to do everything you can to protect the money that you have in your online poker account.
- The second thing that you should take into consideration while playing online poker is to protect your bankroll against reversals after an advance.
- And thirdly you should try to achieve a constant growth of your bankroll
In order to have a better understanding of the bankroll management concept you should think this way: losing what you have managed to win is bad, while losing is even worse. All you have to do is hanging on to what you have managed to win. This is the ultimate goal that an online poker player should have and he can do this by applying the bankroll management tips we are going to present you.
Tons of online and live poker players are not taking into consideration the notions of bankroll and money management.
Try to re-invest your winnings
As much as we do love cashing out a part of our online poker winnings and enjoy the benefits of playing poker, many of the smart online poker players are using most of their profits to re-invest so that they will get the chance to play Sit and Go poker tournaments with higher buy ins, which have a higher return. This way they will get the chance to fund going up the ladder to some higher stakes.
An important thing that you should take into consideration is the variance of the game. Even if you are the best player in the world you will still have periods when you will run through bad beats and receive bad cards. This is the reason why you should always have a bankroll which is large enough to help you sustain these periods without going broke.
In case you are interested in moving up to some higher levels you must always be aware of the fact that moving up to some higher Sit and Go poker tournaments levels should be mostly influenced by the level of your current bankroll. So if you are able to out beat the competition at the current level and get a reasonable return from your play and at the same time you have managed to grow your bankroll, it means that you are prepared to move up the limits. But in case the moment you are moving up you start losing your bankroll, you should not be afraid to do the opposite thing and move down to the level where you used to be successful before taking the action.
One Sit and Go poker tournament is not going to show you the real level of your current poker skills. This means that in order to get a good picture of what your current online SNG poker skills are you should play a lot more. Some people are saying that in order to get a good idea on what is your current SNG poker skill level you should play at least 1000 Sit and go Poker tournaments.
In case you are planning to make Sit and Go Poker tournaments as your main source of income the bankroll you must have should be a lot larger compared to the buy in you will have to pay to be part of the tournament. Many of the expert online poker players are saying that in order to be covered you should have at least a bankroll of 50 times the buy in level of the SNG tournament that you are about to join. This way you can make sure that even if you go through some bad beats, you will still be able to have the enough financial power to get back on track.