Limit Hold'em: Bankroll Management
Bankroll management is a very important part of a win-oriented player's repertoire in every kind of poker.
- The "bankroll" is the total amount of money you have available to play poker with, i.e. the amount you have in your account at PokerStars, for example. Obviously, irrespective of how large this amount may be, you are always on risk of going broke. In order to keep this risk as small as possible, you should manage your bankroll appropriately.
Inexperienced players, in particular, often have the urge to try and win as much money as possible as quickly as possible. They therefore play at tables with limits too high for their bankroll. This greatly increases the risk of losing all their money, of course. Regardless of how good a player is, poker is primarily a game of probabilities. Anyone can have a "bad run", i.e. a phase during which they lose a large part of their bankroll without actually making any mistakes.
In poker it is important to maintain a stable financial situation. This can only be achieved by sticking to a certain tactic and only playing limits your bankroll permits.
The 300 BB rule
Every player is subject to a certain variance, i.e. you may win a lot of money (upswing) or lose a lot of money (downswing)...