Online Poker Bankroll Management Tips for Beginners


Becoming a skillful poker player consists of many different factors. We know, looking at how professional players perform in tournaments usually provides an image of how they don’t invest any effort. That’s why there are many people out there who think that they can be at their level without investing hard work and a lot of time. However, this is simply not possible. People need to practice to become competent enough.

First, you will need to learn the basic rules. Next, it’s important to know how and when to react. We cannot stress enough how important it is to react properly in every situation.

Opponents will try to read your actions, which usually tells much more than we want. So, not displaying your emotions is an absolute must. Sure, it is much easier to say than to do it.

Third, you cannot become a skillful online poker player without having proper control of your bankroll. Once again, this is much easier to say than to do. However, it is not impossible to achieve it. Today, we would like to provide you with a couple of tips that will help you achieve a proper level. Without further ado, let’s take a look at some of the most important tips every beginner should be aware of.

Separate Your Finances


The first thing we want to point out is that you should separate your finances. Meaning, you need to have a segment that you will commit for gambling and keep it distant from your personal finance. In some cases, you will see that people address these as some sort of investment. When that happens, they shouldn’t display any emotion when they play.

Otherwise, they can lose all of it relatively easily.

You will agree that this means that you shouldn’t mix bankroll money and the money that’s going to be used for your everyday activities or monthly obligations. Just think about that, you will not cause financial damage to your bankroll, but your family and household. To prevent that from happening, keep it cool, and understand how much you can spare.

Investing more than that is a mistake.

Don’t Drink Alcohol


While it doesn’t have too much to do with bankroll management, at first sight, being sober is an absolute must if you ask us. Poker players who consume alcohol while they play tend to become reckless, which immediately causes them to invest without having a proper thought about every decision. Basically, it means that they will not have a proper idea about how they should do in a particular situation.

Constantly remind yourself that you are not investing only chips, but also your money. Any experienced gambler will tell you that building a bankroll takes a lot of time, but it takes only a couple of minutes to lose all of it. That’s why you will need to be sober whenever you play. Only by doing that, you will have a chance of being a successful player.

Otherwise, you don’t have a lot of chance, believe us.

Limit Your Bets


Another tip we would like to talk about is limiting your bets whenever possible. Those who do not play poker for money don’t pay attention to this aspect. However, when you invest money, you will need to be careful about how much you invest. Some would say that this limit should be between 5% and 10% of your overall bankroll. Investing more than that is a risk you cannot afford to take.

You don’t know when a bad streak will happen, and committing too much of your bankroll to every bet can cause you to lose it completely in an instant. There are two approaches you can have. We’ve already talked about a conservative one, which ranges between five and ten percent. Another approach is even more conservative, or ultraconservative, which ranges between 1% and 3%.

Keeping a Journal


Keeping a poker journal while you play will provide you with quality insight. In this diary, you will record how much money you have spent in a particular session, your best hands, and your overall experience. Since you will have this sort of information on paper, you can always return to it and re-experience it all over again. Over time, you will know what to do, and when you should do it without looking at it.

Not only that, but a journal will also help you to create a proper strategy that will serve all your needs and preferences. Even the smallest of details should be pointed out. Having a journal when playing online poker is one of the biggest advantages. The reason is that you participate in this sort of activity frequently. So, you can gather as much experience and these small details as possible. Be sure to make the most out of it.

Take a Break


Last but not least, we would like to talk about taking a break from playing online poker from time to time. We are human beings, and we need eight hours every night to rest. Without these, we are not competent to handle some of the basic activities we do every day. Therefore, it’s no surprise that you will not be on top of your game when you participate in a poker session, which translates to losing money.

With a majority of other games, you will not be required to practice your skills, since most of them are games of chance. With this in mind, you would want to take a break when you feel tired, which is an investment in maximizing your winnings. Some would say that taking frequent breaks is much more important than any other tip. There’s no reason why we wouldn’t agree with this statement.

In Conclusion

Bankroll management is much harder than you might think. However, when you understand all the important aspects, you will handle them properly. In this article of ours, you can take a look at a couple of tips that will help you have much easier bankroll management.