Building An Online Poker Bankroll
If you want to make a lot of money playing poker, you need to play high enough stakes. In order to successfully play high stakes, or even medium stakes poker, you need a poker bankroll that is large enough to support the up and down swings that will come as you hit winning and losing poker streaks. However, most people don’t have enough money to invest in poker when they begin to play in big games. If you only have a little bit of money to spend on poker, then protecting and building your poker bankroll. As you grow your bankroll you will improve your poker skills. Those two things will allow you to play in larger games and win more money. Here are some tried and true tips on how to build a poker bankroll.
- Always play at the right limits for your bankroll – Although it is tempting to play bigger games and try to win more money to grow your poker bankroll faster, you need to make sure you don’t play too high too often, or you are drastically increasing your chance of going bankrupt. Good bankroll discipline will allow you to take the winning and losing streaks in stride and continue making money at poker in the months and years to come. A good rule of thumb is that for No Limit Texas Holdem, you need at least 15 buy ins for whatever stakes you are playing. So if you want to play at the $.1-$.25 with a $25 max buy in, you need $375 to have an acceptably low risk of ruin. (For a long term winning player. A losing player will go bankrupt at any stakes) Here is a poker bankroll table which shows how much money you need to play at any stakes.
- Always Be Clearing A Poker Bonus – Poker Bonuses can dramatically boost your bankroll. Some sites such as Bodog or Full Tilt Poker offer 100% match bonuses up to $500-$600. Since you generally clear bonuses based on the total amount of rake the table you are playing at pays, you can sit back and your chair, play tight poker, and let your opponents build big pots, pay rake, and clear your bonus for you. In fact, for a lot of low limit players, clearing bonuses can account for 50% or more of their total poker winnings ! Since there are so many poker sites out there, keep your money mobile. When you clear a bonus at one site, move your money out and move onto a new site. When the first site offers a reload bonus, you can move back and clear some more. Until you have a poker bankroll of at least $5000, clearing bonuses can make you a lot of money compared to how much you can win at the tables.
- Sign Up For Rakeback At Your Favorite Room – Nothing is more discouraging than checking your poker tracker stats and finding out that you paid more to the poker site in rake than you won for yourself. If you could reduce the rake you could win a whole lot more money! Rakeback is online poker’s solution to that problem. A lot like a Las Vegas casino comping you for your play, with rakeback you can get approximately 30% of the your share of the rake paid at your table returned to your account. For a winning poker player, rakeback can account for 10-20% of their total poker winnings at the end of the year. For a losing poker player, rakeback can help blunt the blow and keep you in the game longer before you have to reload your account. Although you don’t need to sign up for rakeback at every poker site you play, especially if you are bonus whoring, you should sign up at the 1 or 2 sites you play most often. For higher stakes players, rakeback is a must, and can dominant Bonuses in terms of free money to your account. http://casinogeir.com has tons of links you can look at.
- Learn To Multi-Table – In order to clear bonuses, win money at rakeback, or even play tight poker at low limits without going crazy, you need to learn to multi-table. If you can learn how to win at 4-8 tables, instead of just one, you can drastically increase the amount of money you win at poker, and grow your poker bankroll a lot faster. In fact, there are online poker bots who play multiple tables with the goal of breaking even at the poker table. They then rake in the money from bonuses and rakeback and end up making a lot of money for their owners. The nice thing about multi-yabling is that you will have enough good hands to play that you won’t be tempting to play garbage just because you are bored. In live play, a lot of poker players end up playing bad hands, like King -9 offsuit, just because they are the best hands they have seen in 30 minutes. Online you can play enough tables to keep yourself interested and stay focused.
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