---

Bankroll Management Tips To Dominate Poker Tables!

Playing poker is all about winning big, but what’s more important is managing your winnings wisely and planning how to utilise them. What is equally important is knowing your limits when losing, ensuring not to push yourself too far. Effective bankroll management is an important aspect of long-term success. Here are a few tips:

Multi-Table Tournaments (MTTs)

Multi-Table tournaments (MTTs) are a thrilling aspect of poker, where players compete across multiple tables to win big prizes. However, to succeed in MTTs, effective bankroll management is essential. This article will guide you through the essentials of managing your bankroll for Texas Hold’em and Pot-Limit Omaha (PLO).

What is Bankroll Management

Bankroll management is the practice of managing your poker funds to minimise the risk of going broke. It is very important as poker involves lots of ups and downs when winning and losing. Some major principles include determining a budget for playing, following the win/loss pattern of the player, and changing your stakes according to the size of your bankroll. Variance can affect a player’s bankroll considerably. A good strategy for bankroll management helps maintain a longer span in the game.

Bankroll Requirements for Texas Hold’em

The recommended bankroll size for Texas Hold’em depends on the stakes you play. For low stakes, a bankroll of 50 buy-ins is generally sufficient. For mid-stakes, aim for 100 buy-ins, and for high stakes, 200 buy-ins are advisable. For example, if you’re playing ₹800 buy-in tournaments, you should have at least ₹40,000. Adjust your bankroll based on your skill level and goals – if you’re more experienced, you might be comfortable with a smaller bankroll.

Here is an example: Managing a ₹80,000 bankroll in Texas Hold’em

• Play ₹800 buy-in tournaments, giving you 100 buy-ins.
• If your bankroll drops to ₹40,000, switch to ₹400 buy-in tournaments.

Bankroll Requirements for PLO

Pot Limit Omaha (PLO) has a higher variance than Texas Hold’em, leading to more significant swings in your bankroll. Therefore, you need a larger bankroll. For low stakes, aim for 75 buy-ins, for mid stakes, 150 buy-ins, and for high stakes, 300 buy-ins. For instance, if you’re playing ₹800 buy-in PLO tournaments, you should have at least ₹60,000. The higher variance in PLO requires more cautious bankroll management. Let’s understand this with an example: Managing a ₹80,000 bankroll in PLO.

• Play ₹800 buy-in tournaments, giving you 100 buy-ins.
• If your bankroll drops to ₹60,000, switch to ₹400 buy-in tournaments.

Do’s and Don’ts of Bankroll Management

Let’s quickly check the do’s below:

• Deciding a budget and sticking to it is very important. Decide how much money you’re willing to invest in poker, and don’t exceed it.
• Tracking your wins and losses: Use a spreadsheet or app to monitor your performance so that every detail is maintained for review.
• Being flexible with the preferred choice of stakes you play. E.g., move down in stakes if necessary. If your bankroll decreases, play lower stakes to rebuild it.
• Taking advantage of bonuses and promotional offers. This can boost your bankroll without additional risk.
• Keeping your emotions in check to make rational decisions.

The don’ts are equally important; let’s see what the don’ts are:

• Don’t play with money you can’t afford to lose: Only use disposable income for poker.
• Don’t chase losses: Accept losses as part of the game, and don’t try to win back money quickly.
• Don’t move up in stakes too quickly: Ensure your bankroll can handle higher stakes before moving up.
• Don’t ignore the importance of game selection: Choose games where you have an edge.
• Don’t neglect your mental and physical health: Take breaks and stay healthy to perform your best.

Adjust your strategy based on bankroll fluctuations to stay in the game.

 

Tools and Resources

Track your bankroll using software and apps like PokerTracker or BankrollMob. Read books and articles on bankroll management and join online fora and communities for support and advice.

MPL Poker Free Cash Games

MPL Poker’s New Free Cash Games – A Historic Poker Moment

Put the above learnings into practice with MPL Poker’s free cash games for Texas Hold’em and PLO tables. With multiple cash games and tournaments available, it’s the best online platform to learn to manage your bankroll while winning big. Download the MPL Poker app now.

---

---

More News

---

Comments