How To Build My Poker Bankroll

He built his portfolio playing poker. Only guy I really heard of that grinded his way to the top. I think has formula is correct and perhaps the best to follow. Build your bankroll from your winnings, invest your winning, when your investments can sustain you, become a poker professional, repeat get really rich and secure. Another option you have is to play sit and go tournaments. $50 is enough to play anything under $2 ($1.10 DONs, $1.20 one or two tables, $1.75 turbo one or two tables), and you could build your bankroll that way.

Every poker player needs to be conscious of their bankroll. If you lose all of your money you won’t be able to continue playing.

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The best way to grow your bankroll is to practice and learn the best strategy so you’re a long term winner. But even the best players have down swings.

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In this list of 7 smart ways to grow your poker bankroll faster you won’t find too much involving strategy, but you’ll learn great ways to increase your bankroll as you’re improving the rest of your game.

Each of these tips can be used by itself to help your bankroll grow or you can combine two or more of them to get the maximum advantage.

1 – Play Freeroll Tournaments

Freeroll poker tournaments are contest that pay out real money but don’t cost anything to enter. You can find freeroll opportunities online and many land based poker rooms offer free tournament entries to their player’s club members who play a set number of hands in a given time period.

Any money you win in a freeroll helps build your bankroll with only an investment of time. They’re also a great way to build a bankroll from zero if you want to play online.

Freeroll poker tournaments seem like a great way to grow your bankroll but you need to consider the available pay outs and compare them to other opportunities.

Here’s an example:

An online, freeroll tournament offers $100 in pay outs to the top 50 finishers in a 1,000 seat contest. The top finisher receives $10 and the pay outs go down to pennies for the players who place from 40 to 50.

To win a 1,000 entry tournament you’ll have to play for hours. If you have to play for five hours and are lucky enough to win your return is only $2 per hour. In strictly financial terms you’re better off working five hour at a $10 an hour job and using part of the money to grow your bankroll.

Of course if you do this you miss out on the experience of playing so only you can decide if a freeroll is the best use f your time.

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2 – Look for Tournaments with Overlays

An overlay is a situation where the tournament has a guaranteed prize pool and they don’t get enough entrants to cover the guarantee. These aren’t common, but you can find them if you keep your eyes open for the possibility.

You still have to finish in the money to grow your bankroll but if you’re an average or better player you can grow your bankroll in overlay tournaments over time.

Here’s how it works:

You enter a tournament with a $10,000 guarantee that costs $100 plus $10 to enter. The tournament only gets 90 entries so they collect $9,000 in entry fees for the pay outs and $900 in extra fees. Your total cost to enter is $110 and on average each of the 90 entrants will win $111.11.

This means that the positive expectation for the tournament is $1.11.

While this doesn’t seem like much, the expectation is magnified for better than average players. If the tournament pays out to the top 20 finishers and you’re a better than average player you’re positive expectation is higher. An average player will finish around 45^th on average over time, so if you’re better than average you can eliminate half the field on average.

These calculations are theoretical, but consider your chances to finish in the money if you consider 44 entrants instead of 90. This more than doubles your positive expectation.

If you can find tournaments with a larger overlay your expectation goes up as well.

Any time you can play in positive expectation situations it helps build your bankroll over time. The short term can still be costly but if you play in enough overlay poker tournaments it can build over time.

3 – Drop Down to Lower Limits

On average the ability of your poker opponents is better as you move up in limits. This makes it harder to win at higher limits.

Even if you can beat the game at your current limit you might be able to win more overall at a lower limit. You also risk less of your bankroll in each game you pay at a lower limit.

Here’s an example:

You have a $6,000 bankroll and are playing 10 / 20 Texas holdem. You buy into each game with $400 and are able to make $10 an hour on average.

If you drop back to play 5 / 10 Texas holdem you buy into each game with $200. If you can win more than $10 per hour playing at 5 / 10 you should play it instead of 10 /20. In many cases you can $15 or $20 an hour at 5 / 10 if you can win $10 an hour at 10 / 20.

In addition, you only risk 3.33% of your total bankroll in each game instead of 6.67%.

Start tracking your results at each limit and don’t be afraid to drop to a lower limit to see if you can win more.

On the other hand, if your bankroll is big enough you might take a shot at the next higher limit. The best times to try this are when you see a higher limit game filled with players you know you can beat. You might be able to win $30 an hour in certain 30 / 60 games if you’re beating the 10 / 20 game for $10 an hour.

Just remember that being able to beat a level doesn’t mean you can ignore your total bankroll. You need to play at a level where you can protect your current bankroll and not take a hit that’s too big when you experience a downswing.

4 – Specialize

Many poker players play a wide range of games and limits. They might play limit and no limit Texas holdem and pot limit Omaha and Omaha 8 and play in both cash games and tournaments.

Of course there’s nothing wrong with this, but only the best players can play a wide range f games and limits without it hurting some areas of their game.

The best way to grow your bankroll is to specialize in one game and limit. This is the best way to improve your current game, learn s much as possible about your opponents, and increase your profits.

No limit Texas holdem is the most widely available game in both cash game and tournament play. This means it’s the easiest game to find and has plenty of poor players. It also draws some of the best players, so it might not be the best choice to choose to specialize in.

Your choice of specialization needs to account for the games you have available, but you also need to consider the competition in each game and limit.

If you want to play no limit Texas holdem specialize in cash games, single table tournaments, or multi table tournaments.

Pick one and work on your game so you can be as profitable as possible.

If games are available, consider specializing in a less popular variation. Pot limit Omaha or Omaha 8 often offer more profit for good players than Texas holdem.

It’s up to you to decide the best place to specialize, but once you choose an area concentrate on it to have the best chance to grow your bankroll.

5 – Create Advantage Opportunities

Every good poker player tries to create advantage opportunities and positive expectation situations. But what you’re going to learn in this section goes beyond the way you play at the table.

Many players get locked into the thought process that they either play poker online or in a land based poker room. They either log onto their favorite online poker room or look for a seat or travel to a land based room and join the waiting list for the first available game.

The best players can do this and still win in the long run, but this makes it harder to grow your bankroll. You’re at the mercy of chance when considering your opponents.

But what if you could join a game where you’re one of the best players every time? Won’t you win more in the long run this way than by just playing against whoever happens to be at your table?

I’m sure this sounds great, but you may be asking how this is possible, especially if you’re not already a good player.

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You can find private games by asking around or by creating your own. Look for games with players who aren’t as good as you to join.

You can start your own game and only invite players who you can beat. It might seem like it’s hard to find poor players to fill your game but not everyone has the same goals as you. Many of them just want to play and have a chance to win sometimes.

Ask your friends and people you work with if they’re interested in a game. Many people are afraid to play at a poker room but will play in a private game.

The point is to not get stuck thinking like everyone else. Be willing to think in different ways to find and create advantage opportunities.

6 – Become a Student of the Game

As I mentioned in the introduction the best way to grow your bankroll is to become a winning player. The way to do this is to become a student of the game.

You need to study and learn as much as you can about the variation of poker you choose to play. Read as many good articles and books as you can, practice as much as possible, and watch video of hands to learn as much about strategy as you can.

You also need to study your opponents so you can learn the best way to play against them in the future.

Track your play so you can identify and correct mistakes that cost you money.

You need to spend as much time as possible thinking about and improving your game. If you want to be one of the best poker players you need to do what the best players do and avoid acting like losing players.

You also need to learn the adjustments you need to make from game to game to maximize your chance to win. In a loose game you might need to play tighter and in a tight game you might need to play looser. The strategy that works well in one game might not work as well in another.

Dedicate yourself to becoming the best player possible and you have the best chance to grow your bankroll.

7 – Get More Rest

One of the things most poker players don’t think about in relation to growing their bankroll is the amount of rest they get and their health.

But we perform better when we’re well rested and in good health.

So, if you want to grow your bankroll make sure you get enough rest before you play poker.

You also need to stop playing when you start getting tired.

If you get tired before you want to stop playing then start exercising more so you start getting in better health and build your stamina.

When you get tired you make more mistakes and your mind doesn’t work as well as it does when you’re rested. Every mistake you make while playing poker costs you money in the long run. Eliminate as many mistakes as possible if you want to grow your bankroll.

Conclusion

The 7 smart ways to grow your bankroll faster included above are designed to help you win more.

This means that even if your bankroll is large enough to play at the limits you want you can still use these tips to improve your overall game.

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Poker Bankroll Management at its finest

Discounting a lack of skill, the number one reason a poker player goes broke is due to poor poker bankroll management. Ask any professional poker player for one tip about how to get started in poker and almost all will advise you to practice bankroll management. That is fine, but what exactly is “bankroll management”?

Practicing sound poker bankroll management involves recognizing that the amount of money you have in your poker bankroll should always be dictating the stakes for which you play. That’s easy enough to understand in theory, but for some being able to put that idea into practice can be easier said than done.

Over the next three articles, I’ll be sharing tips regarding how to think about and manage your poker bankroll, including offering some specific strategies to help you with decisions about game selection, moving up in stakes, and cashing out.

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Your POKER Bankroll is For POKER Only

Let’s get one thing straight immediately: only use money that you can afford to lose to make up your bankroll. That is the golden rule. This means that the money in your bankroll is only needed to fund your poker playing. If you think you have a $2,000 bankroll but will need to use $1,500 from it this month or next to pay an important bill, then you do not have a $2,000 bankroll — you have a $500 one!

It is crucial that none of your bankroll is required elsewhere, not a single cent of it, because as soon as it is, you are gambling with money you cannot afford to lose and that can lead to you playing scared or less than optimally as you try to prevent any losses.

Your Bankroll Allows You to Play Your A-Game

Another consideration to make is whether or not this particular poker bankroll with which you are currently playing is the only one you will ever have. By that I mean if you were to lose it, would you have to take a break from playing or could you reload your account with another bankroll?

If you have a well-paid full-time job, losing $500 may not be a big deal to you. But if losing that $500 means you will not be able to play poker for a long time while you replenish your funds, then you may want to be a more cautious with it.

One purpose of our bankroll is to act as a cushion for when we lose, which will happen sometimes, even to the best players. If you sit down online at a $0.10/$0.25 cash game table with just $25 as a bankroll, then all you need to do is lose that one buy-in and you are out of the game. Have several $25 buy-ins behind you, however, and you can stay in the game and try to win back your money.

Your Bankroll Dictates Your Game Selection

How much of a poker bankroll you should have depends on a number of factors. These include the format of the game you play, your playing style, and your tolerance for swings (good and bad). For example, a short-handed (6-max.) no-limit hold’em cash game player can play from a smaller bankroll than can a pot-limit Omaha cash game player because PLO tends to have wider swings (or “variance”). Similarly, PLO cash game players can play from a lesser bankroll than can multi-table tournament players.

The table below shows the number of buy-ins I would recommend for the most common game types currently played online. (Note: bankroll recommendations for online games differ from those for live games.)

In the case of tournaments, the numbers listed below refer to the number of tourney buy-ins. Thus if you like to play $5 multi-table tournaments, a number of 100 (as a minimum) refers to having $500 in your bankroll with which to play. Meanwhile for cash games, the numbers refer to the number of buy-ins into the game wherein a buy-in represents the maximum amount allowed in the game. In other words, if the $0.10/$0.25 NLHE game you like to play allows a maximum buy-in of $25, a figure of 100 refers to having $2,500 in your bankroll with which to play.

Game (Online)	Minimum	Medium	Cautious
No-Limit Hold’em (6-max.), cash game	30 buy-ins	50 buy-ins	100 buy-ins
No-Limit Hold’em (full ring), cash game	25	40	75
Pot-Limit Omaha (6-max.), cash game	50	100	150
Pot-Limit Omaha (full ring), cash game	30	50	100
No-Limit Hold’em, 9-player sit-n-gos	30	50	100
No-Limit Hold’em, 45-player sit-n-gos	50	100	150
No-Limit Hold’em, 180-player sit-n-gos	100	200	500
No-Limit Hold’em, multi-table tournaments	100	200	500
No-Limit Hold’em, multi-table tournaments (large field)	200	400	600

You may be surprised at the figures you are seeing in the above table, but those are the recommendations often given in response to players asking how large their bankrolls should be. Feel free to play around with the numbers and find an amount that suits you and your current situation.

Find Your Comfort Zone

Proper Bankroll For Poker

I personally prefer to play with a larger bankroll because I do not want to have to drop down in stakes at any point. Others may want to play with a smaller bankroll in an attempt to climb the stakes faster, but this increases the risk of your needing to move down levels or maybe even going broke. It’s all about personal preference.

There’s more to bankroll management than simply knowing how much you should have in your bankroll before sitting down in a given game. In the next two articles I will talk about some of these other considerations, including taking shots at higher stakes and cashing out strategies — so stay tuned!