Bankroll

Bankroll

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How much money should an online poker player invest? Almost all players come across this question as far as they start thinking of playing real money poker. There are two simple answers: Novice players and those, who play just for fun shouldn’t invest more than they think its fun to lose. I mean that in this case you shouldn’t spend more money than you usually spend for leisure and ready to spend without return. This doesn’t means that you’ll definitely lose, but however, you should never invest more than you can really afford. For example if your “fun bankroll” is $100, then you can spend $100 and everything you win with these chips. I had just $200 monthly bankroll, when started playing online poker and quickly built it up to a much stronger bankroll. Another bankroll plan should be considered by “seasoned” players. These players are looking for constant moneymaking at a certain limit. In this case you must be able to bank 200 huge bets at the limit you usually play. Hence, playing $2-$4 limit games you should have an $800 roll ($4 x 200), for $5-$10 limit games, your target roll will be $2,000. These calculations prevent players from blowing entire bankroll due to the bad run. Some poker pros say that two hundred huge bets is rather few for shorthand, but I think that it is necessary for a player to be reasonable regarding potential losses. You must prove you are successful before investing more than 200 huge bets. Another good idea for a starting online poker player is to keep a daily diary of all games he plays. Note that some poker rooms offer precise statistics built in their downloadable software, but if a poker room of your choice won’t provide it – then use any means you want – a text file, accounting software or just a usual paper diary. This way you will easily determine your wins-to-losses ratio and plan future bets proceeding from your calculations. This diary may be also helpful for those, who live in countries with income tax on gambling winnings, because it’s always better to see how much you spend and win and how much you will have to spend for various expenses. Always remember that real money poker is a serious game, so play it wisely and professionally to become a successful winning player.