Bankroll Management: The Key to Long-Term Poker Success

Many talented poker players go broke not because they lack skill but because they fail to manage their bankrolls properly. Understanding bankroll management is essential for anyone serious about poker.

The Rule of 20

For cash games, many professionals recommend having at least 20 buy-ins for the stake you play. For tournaments, 50 to 100 buy-ins provides adequate cushion against the higher variance.

Moving Up and Down

Do not be afraid to drop down in stakes when your bankroll takes a hit. Ego is the enemy of bankroll preservation. Similarly, move up only when your bankroll and skill level both support the transition.

Separate Your Bankroll

Keep your poker bankroll completely separate from your personal finances. This creates a clear picture of your poker results and prevents gambling with money meant for living expenses.

Disciplined bankroll management is what separates recreational players from professionals. Treat your poker bankroll like a business investment and protect it accordingly.