Preserve Your Online Poker Bankroll

Discounting an inability to actually play poker properly, the number one reason that players go broke is that they are unable to adequately manage their bankrolls. Ask any pro player for the most important tip they have learned over the course of their careers, as well as their most helpful piece of advice to new players, and they will without fail stress the importance of practicing proper poker bankroll management.

 

How to Get Started Managing Your Money

 

No matter whether you are set on enjoying the online roulette Canada has to offer or the latest Texas Hold’em game you can find, you need to adhere at all times to the rule that the amount of money you have available dictates the stakes for which you are able to play.

 

As easy to understand as this theory is, it is a surprising fact how many players simply fling caution to the wind at some point, and get in deeper than they should as far betting is concerned!

 

Your Poker Play is Just for Poker

 

One golden rule is that you only use money you can afford to lose for your online gambling activities and to always wager responsibly. This means that the bankroll you have in place is only for poker, and does not include money that needs to go towards rent, or to pay for you car, or cover any kind of important bill. If you need to make a $1500 payment from the $2000 you have in your bank account, your bankroll is $500, not $2000!

 

It Will Only Lead to Playing Scared

 

The reason that it is so crucial that none of your poker bankroll is required anywhere else, not one cent of it, is that as soon as you actually need it for your basic living requirements, you will be playing scared, or making questionable decisions because you get desperate halfway through a bad beat. Responsible poker play is the only way to enjoy this game, and the onus is on you to make sure you stick to this rule without fail.

 

Your Bankroll Needs to Allow You to Play Your A-Game

 

You will also need to consider the size of your poker bankroll, and whether or not this amount of money is the only one you will ever have. If you were to lose it, would you need to take a break, or could you reload your account? If you have a well-paid, full-time job, for example, a $500 dollar loss is not going to send you over the edge. But, if you can only spare $500 for a couple of months, and will be unable to play for a while should it be lost, you need to take a careful look at the games you are playing.

 

Your bankroll needs to cushion your losses, and if you are looking at joining an online game at $0.1/$0.25 with only $25 set aside for your game you only need lose one buy-in and you are out of play. Have a few $25 available, on the other hand, and you will be able to stay in play and win back any losses you may incur.

 

 

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