Bankroll Management

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Silentlivep1

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What do you think is more important: bankroll management or game strategy?

I’ve been playing poker for about 2 months now, mostly freerolls, and I’ve managed to win some small prizes. I’d really appreciate some advice on how to manage my bankroll and choose the right tournaments to play in. Any suggestions?
 
amonlima

amonlima

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The two are intertwined, they have the same importance, I play with a healthy bankroll of at least 100 buy-ins from the tournaments you play
 
TulasMoreno

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Definetely one of the Pilars (BR management) if you're trying to be a good poker player, the problem is when you have a downswing or you get tilted, manage those two things and you'll reach lots of goals, in my case is one of the things that I have to improve.
 
alucaa

alucaa

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both are important, but if you had to choose one it would be bankroll management, strategies are important, but sometimes you're unlucky even playing well, that makes you put a tilt, which is very bad, disregarding or in case you've lost everything, but if you have good management you have more opportunities to learn
 
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martDdart

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I only buyin if I have 20 times the buyin in my bankroll.If I want to buy in to a 5 $ sit n go I have to have at least 100$ in my bankroll.I started with freerolls and got a win and started at 0,1$ buyin after about 2 years I reached 20$ buyin. After that I did not reach 30$ but I keep trying. My bankroll desides my buyin level.
 
NKGB13

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What do you think is more important: bankroll management or game strategy?

I’ve been playing poker for about 2 months now, mostly freerolls, and I’ve managed to win some small prizes. I’d really appreciate some advice on how to manage my bankroll and choose the right tournaments to play in. Any suggestions?
The regular rule is 100 buy ins for each tournament, however you must also consider the level of your game, the more expensive a tournament is, the better the field will play.

The best and safest mode, specially at the beginning of your carreer is find a team to play for. You'll have support, instructors, studying material and a BR to play. =)
 
Lena M

Lena M

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What do you think is more important: bankroll management or game strategy?

I’ve been playing poker for about 2 months now, mostly freerolls, and I’ve managed to win some small prizes. I’d really appreciate some advice on how to manage my bankroll and choose the right tournaments to play in. Any suggestions?
Bankroll management is no less important than your strategy. If you want to be a money-making player, both your bankroll management and your strategy or tactics should be clear and well-developed. If you are interested, we have good materials on this topic. Read more here:
 
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fundiver199

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A poker bankroll is an amount of money set aside for poker, which will not be needed for other purposes. Bankroll management means to game select in a way, so that the risk of losing all the bankroll, or a substantial part of it, is reduced to an acceptable level for a long term winning player. This also mean, that if you are not a winning player, it is not even possible to have a poker bankroll.

Lets say you go in a casino and play the classic roulette with 36 numbers. You bring $1.000 with you, and now you need to decide how much to bet at a time. If you put all $1.000 on "red", there is a 51,35% risk, that you only get to play this one time. The odd number is because, there is a blank slot, where all players lose, and the house wins. This is the cut taken by the house. In poker we call it rake.

If your goal is to have a whole evening of fun, gambling all the money on the first run was bad money management. It would have been wiser to only bet maybe $50-100 at a time, so you could afford to lose 10-20 runs before being out of money. But no matter how conservative you are, unless you stop playing, you will eventually always run out of money. This is, because your long term ROI (return on investment) is -2,7%.

Now imagine that it was the players, who won on the blank slot. Then your ROI would be +2,7%, and now it would suddenly be possible to have a bankroll and talk about bankroll management for playing roulette. In poker it is possible to have a positive ROI, unless the rake is unreasonably high, or the structure of the games very poor. This is, because there is a skill element to the game. And therefore the answer to your question is, that in the beginning its most important to focus on improving your strategy and gain experience, because thats the only way to achieve a positive ROI.

However when you have a track record of say at least 1.000 tournaments, that are not freerolls, and you are winning over that sample, THEN it become important to implement bankroll management. This is because, if you run out of money, you can no longer play. And if you are good enough to beat $10 tournaments, its also not desirable to move down to $1 tournaments or freerolls, because you lost most of your bankroll.

If you have only played for 2 month and now have a bit of money in your poker account mostly made from freerolls, its really not advisable to consider this a bankroll or try to manage it as a bankroll. The best option is to make a reasonable deposit and try to manage that, as it is was a bankroll. Could be $100 for SnGs or cash games, and if I am honest not much less than $500 for MTTs. If this is not an option, then I would try to fix first, whatever prevents you from making such a deposit before spending any significant amount of time on poker.

If you really insist on "building up a bankroll from freerolls", which I think is a very poor plan for several reasons, then you should manage the money in your poker account, like you would manage the $1.000 going to the casino to play roulette. Your goal is to get experience, so if you have $20, you dont want to spend it all playing a $20 tournament.

But you also dont need to think about the risk of "going broke", since you can still add to the bankroll by playing more freerolls. Which mean its not really a bankroll but more like a budget, until you get the next freeroll cashes. So maybe its fine to play $1 tournaments. Then you can at least play 20 of them and hopefully more, since you are likely to cash a few times during those 20 games.
 
black and

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For example. My bankroll is 100 dollars. So 100 dollars is 100%. I can spend no more than 3% in one evening, so no more than $3. I have been following this system for over 3 years, and it is the most optimal for me, and it allows me to move forward step by step.
 
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Silentlivep1

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Thank you for your feedback. I will take the time to read and study more on the subject
 
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hajaehyun

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They are important to each other, but since it's money management, I think about something more valuable because I can't be a money person + I only do as much as my mentality supports
Then you have to do a good job of managing the prize you have received~
 
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Margo17

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Both are very important. Having a solid bankroll that gives you the comfort to not hinder your decisions and not break the bank is very important. Having strategies is always important since poker is a strategic game.
 
BetterThanAvgButNotByMuch

BetterThanAvgButNotByMuch

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Youve only been playing 2 months, stick with the freerolls and really learn the games.

And the answer to your question is roll management supersedes strategy whether youre playing freerolls or the highest stakes in the world.

Google Stu unger or Archie Karas. Thats one of lessons from them. World class talent and unger was probably the best ever but zero discipline or bankroll management.
 
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Wega85

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Both bankroll management and game strategy are **equally critical** for success in poker. You need a solid understanding of game theory and strategic concepts to generate profit, and you need disciplined bankroll management to protect those profits and ensure your longevity in the game. Neglecting either one will significantly hinder your chances of becoming a profitable poker player.
 
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fundiver199

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Youve only been playing 2 months, stick with the freerolls and really learn the games.
The problem is, you dont actually really learn the game by playing freerolls. This forum is full of people, who have been playing freerolls for years, and they never make it any further. Which is fine, if your goal with poker is only to have some fun and relax. But if OPs goal is to eventually play for profit, then freerolls dont really help him to achieve that at all.

Sure people can use freerolls or play money tables to learn the very basics of the game like hand ranking and reading boards. Noticing with a straight is possible, and when their two pair are counterfeited. Stuff like this. But to develop a winning strategy freerolls are close to 100% useless, because a lot of people play like, its not their money. Which makes sense, because its not :)

Its also difficult to put in volume, if you only play freerolls, because obviously they dont run all the time on all sites. So if you dont want to risk any money at all, play money tables are actually a better option, because then at least you can get into some kind of grind. But I still think, its vastly better to deposit $100 and then start grinding away at either 2NL cash tables or $1 SnGs like the On Demand games on pokerstars.

There you will still play against recreational players, but there will also be some "regs", so that you learn to play against players, who are more serious with the game and play in a more standard way. Rather than someone going all-in preflop for 100BB with A7 offsuit because "LOL I have an ace".

And the answer to your question is roll management supersedes strategy whether youre playing freerolls or the highest stakes in the world.
You dont need a bankroll to play freerolls, because they are free. And honestly also not to play $1 tournaments, since everybody should be able to pop another $20 or so into their poker account if needed. If that is not the case, then I seriously suggest fixing your financial problems first instead of playing poker. Poker is not the solution to being completely broke.
 
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