Money Management, Why You Need to Manage Your Bankroll

Home
>
Casino & Gambling
>
Money Management, Why You Need to Manage Your Bankroll

Money Management, Why You Need to Manage Your Bankroll

You should only play games that your bankroll will allow. If you have 200 dollars to play with for a month you don't want to lose it all in the first week playing a 5-10 no-limit game. The average pot in these games would be about the size of your bankroll. You should play lower limit games that match your bankroll.

Minimize your losses. I have seen players loose a big hand, go on tilt and loose their whole bankroll in one night. If you ever get angry because of a bad beat or loose a lot of money quickly you should take a break. A lot of mental energy will be used up worrying about your bad luck, this will effect your game in a negative way. I recommend going for a walk or even quit playing for the day. There will always be another game tomorrow.

Protect your bankroll. Not every player needs a bankroll. If you only play on occasion with extra money you probably don't need to worry about this. But if you are a player who wants to make a good income from poker your bankroll is an asset. Lets say you start with a bankroll of 500 dollars at a poker site. Now after a week of winning you are up to 2000 in your account. You take out 1500 and go buy a new TV. That is fine but if you get on a bad streak you can easily loose the 500 you still have. Then you will have no bankroll and wont be able to play. This happens to a lot of good player, and if they cant play they cant win anymore. This can put an end to your poker profits.

So just remember that poker is a game of swings. You can win a lot but you can also get on a bad luck streak and lose a lot. Just watch your bankroll, manage your money, and always leave yourself outs.

------Suggestion-------

Remember to think about your bankroll before each time you play. Think about what will happen if you loose all your money in your account. Will you want to deposit more money you cant afford to lose? Are the stakes of the game so high it you loose a big hand you will be out of chips? Just think before you start to play about the worst case scenario and you should have less bankroll problems.

- FREE "Winning Online Texas Holdem Poker" e-book!

http://www.pokersecretsschool.com Just join the FREE Poker School and learn to play like a pro!

In The News:

BusinessLIVE
Russia's Vladivostok casino zone to woo Asian money
Reuters
One of four official Russian government zones where casino gambling is legal, Vladivostok is the only one that has formally initiated plans to lure foreign investors. "We have no north Asia port for gambling. For a long time the debate has been, ...
Casino Zone Planned Near VladivostokThe Moscow Times
Russia woos Asian money with casinoIndian Express

all 7 news articles »

NOLA.com
Margaritaville casino to open Tuesday in Miss.
BusinessWeek
Supporters of the Margaritaville casino in Biloxi are counting on it as the gambling hall opens Tuesday. Margaritaville is among the smallest casinos approved by Mississippi regulators in recent years, raising concerns that it would steal business from ...
Jimmy Buffett expands his Margaritaville brand to Biloxi casinoNOLA.com
Regulators OK Jimmy Buffet's casino involvementSeattle Post Intelligencer
Buffett will be back on stage in BiloxiWLOX

all 101 news articles »

Casino owners cautious despite surge in gaming receipts
Rapid City Journal
A 9 percent surge in gambling revenue from April 2011 to April of this year looks good on the surface, but that growth includes money that is being given away to entice gamblers, according to casino owners. The revenue figures released by the South ...

and more »

ABC News (blog)
Casino Investigates Bobbi Kristina Gambling Incident
ABC News (blog)
TMZ.com has posted video of Bobbi Kristina gambling on a slot machine alongside her pal — and rumored boyfriend — Nick Gordon at the MGM Resort and Casino on Saturday night. The problem: you have to be 21 or older to gamble in Vegas, and she's only 19.
Nevada casino regulators checking whether Whitney Houston's daughter, 19 ...Washington Post
Casino Investigates Bobbi Kristina Brown For Underage GamblingStarpulse.com
Bobbi Kristina Brown Gambling Underage In Vegas? Casino To Investigate Video ...International Business Times

all 880 news articles »

Wheeling Intelligencer
Their View: We have become the United States of gambling
Silver City Sun News
The 11 casinos and two racinos (horse racing tracks with slots) are the Hoosier State's third-largest source of tax revenues. Clearly, the idea that gambling is sinful has vanished in much of the heartland — Iowa has 18 casinos — and increasingly on ...
Ohio panel on gambling bill compromise postponedBusinessWeek
Mercer: Other States' Casinos Smoke-FreeWheeling Intelligencer
Anti-Casino gambling protest held.WNYT
Ohio News Network -WKYC-TV -Albany Times Union
all 42 news articles »

Panel sets tentative timetable for casino bids
Boston.com
The state gambling commission may be ready to solicit development proposals from casino companies by the second quarter of 2013. Stephen Crosby, chairman of the commission, cautioned that estimates could change. But under the timetable the commission ...

and more »

OUR VIEW: No bluffing: Casino revenue decline will affect all of us
Muncie Star Press
Not enough Hoosiers and out-of-state visitors are losing money at the state's 13 casinos, and that just might end up costing all of us. The Indiana Gaming Commission reports the adjusted gross revenue and taxes from casinos have been down for three ...
Indiana casinos face falling revenue new competitionChesterton Tribune
A disappearing potFort Wayne Journal Gazette
• Our opinion: State must play its cards wiselyTimes-Mail (subscription)

all 10 news articles »

New York Post
Casino craps out
New York Post
A Chinatown gambling mecca broken up by the feds advertised its main attraction — a slot machine called “Lucky U 777” — right on a flashing sign outside. The betting machine was among dozens of slots seized from the four-story operation at 35-37 East ...
Suspected illegal casino shut downKSDK
Authorities Looking To Seize Chinatown Building Allegedly Used As Illegal ...CBS Local

all 13 news articles »

Georgia Republicans to vote on casino gambling
Atlanta Journal Constitution
By Aaron Gould Sheinin Columbus -- When Republican voters go to the polls for the July 31 primary, they'll get the opportunity to say if Georgia should allow casino gambling with profits benefiting education. The state GOP's executive committee this ...
Crawford: Issues are primary focus this JulyGainesville Times

all 16 news articles »

Jakarta Globe
Casinos bet on Macau growth but China a wildcard
Reuters
The three-day conference at the Global Gaming Expo Asia, known as the G2E, focuses on the outlook for gambling in the region. Of particular interest is the emergence of new casinos being built in Macau, the Philippines and Vietnam at a time when growth ...
Asia's Largest Gaming Expo Opens in MacauJakarta Globe
Macau Labor Shortage Seen as Hurdle for Casino ExpansionBusinessWeek
Top US gaming official to tell Macau of even bigger jackpotHong Kong Standard

all 51 news articles »

Google News