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Poker Discussion
General Poker
Importance of Bankroll Management in Poker
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[QUOTE="Pokerpoet2, post: 6785193, member: 430261"] Bankroll management is crucial to being profitable in the long term, in any form of Gambling. Whether you bet on the Horses or Dog track's Playing slot machines or other Casino games like Roulette and Blackjack. It all comes down to the old adage "Don't place all your Eggs into one Basket." Gambling with Scared Money is a sure way to go broke whatever game you are gambling at, Having the common sense to limit yourself, to what you can afford to lose, is paramount, in order to gamble responsibly and being able to walk away and return another day with a new sense of purpose. People often say "Don't try to win back your losses" Chasing dead money only leads to more Dead Money, and ultimately Bankruptcy! Set your limits, Stick to them, and When it's Gone, It's Gone! I limit my Bankroll by only buying into games that are priced at 1% or less than my Total Bankroll, So over a period I can lose up to 10% of my Bankroll without it hurting me so much I cannot come back from it. Some players might use a 2% limit, Neither is wrong, because at the end of the day we are comfortable losing that amount, So it's important to Set your Limits. Stick to them Religiously, and if you are continuously losing It's Time to go back and Study Why you are leaking Money. Good Luck! [/QUOTE]
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Importance of Bankroll Management in Poker
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