Bankroll management is one of the most important concepts in poker if your goal is to become a profitable player. The term “bankroll” means that you should always adhere to strict guidelines and play within your limits (in relation to the amount of money in your poker account) whether you are playing money games or tournaments / sit & go’s.

The reason why bankroll management is so important in poker is due to the luck factor. Even if you are the best poker player in the world and always win your money with the best hands, there will still be times when you will lose big jackpots, even though you were a favorite to win. In addition, all poker players eventually reach a bad streak in which they could spend days or even weeks without playing a profitable session. The key to overcoming these “changes” is to always play within the limits of your bankroll to avoid going bankrupt.

An important thing to remember about bankroll management is the existence of different guidelines for cash games and poker tournaments. When you play no-limit poker and cash games, the general rule is to have 20 buy-ins for the limits you choose to play. For example, let’s say you are playing $ 0.01 / $ 0.02 bets, a standard buy-in for this table would be $ 2 (100 x big blind), so in order to play at these tables you will need a bankroll of at least $ 40. Once you increase your bankroll to $ 100, you can climb to the tables of $ 0.02 / $ 0.05. However, when things are not going so well in the major game, it is important to have the discipline to go back to the minor game when you have less than 15 buy-ins left, in this case less than $ 75.

When playing sit & go’s (1 table, 9-10 players), you must ensure that you have a minimum of 40 buy-ins in your poker account. The reason why this number is higher than for cash games is the highest variation (due to the increase in blind levels) that you feel playing in tournaments. Often, these sit & go’s, will only pay to the top 3 classified, so it is not unlikely that you can have periods in which you do not charge for 10-20 sit & go’s in a row. This variation is even greater when playing multi-table tournaments (MTTs), because the more players there are, the more the luck factor of the game increases. The general MTT suggestion is a minimum of 100 buy-ins, so, with a $ 100 bankroll, you should stick to the $ 1 tournaments.

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