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Protecting Your Bankroll
 
 
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Protecting Your Bankroll

Article written by Randy G.
Monday, January 14, 2008

Here are some tips on how to protect your bankroll. It’s mostly common sense and a matter of how much you are willing to risk. How good do you think your hand really is? No matter how much money you have riding on your hand; Lady Luck really just doesn’t care.

Common sense and personal risk go hand in hand. You can decide to risk even more money on your current hand and have the chance of winning a large pot but you could also be blowing your entire bankroll on one hand. You really need to analyze the hand, your opponent, the bets, how the board unfolded etc and really decide if this is the hand that you want to be all your chips on or is it better to fold and take a loss but have chips to continue.

Pick the best games to play in. You can just sit down at any old table and try your luck or you can look for the games that suite your style and that you should be the favourite. Why would you want to sit at a table with eight pros when the next table has eight drunken players who have never played before?

Never play when you are emotionally unstable whether it is you just broke up with your spouse or you just suffered a bad beat. You must be focused on the hand in play and not the last hand that you got outdrawn or the something else going on in your life. If you are distracted, you will make irrational choices.

Lastly, for a true poker player, the bankroll is for poker. If you just won $500 in your last session, it’s okay to blow $50 on something you want but you should not be taking $450 to buy that TV you want. Poker has wild swings and if you keep removing money out of your bankroll when you win, you will not be able to afford the losses and you will lose your bankroll.



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