How to follow your path: the bankroll management

1. Introduction

Some people can't handle money. As soon as they receive some, it's already gone. Their bank account is chronically overdrawn. This is acceptable as long as their monthly salary is paid and no extraordinary costs arise. If their salary is cancelled or high costs arise, the person is in trouble. Bankruptcy is close.

There is no difference in poker. Your bankroll is your household budget for poker. If it's empty, it's empty and the game is over. You never want to be tempted to lose all your money. You need reserves. Things aren't always looking up in poker. Sometimes it hits you and you lose one tournament after the other. Your poker budget needs to be able to handle that.

On the other hand, you want to develop your game and rise through the limits as fast as possible, because the higher you get the more money you can win.

At first glance you'll notice that there is a conflict:
Gain wealth, but safely please! Combining these two goals and creating a balance is the job of the so-called bankrollmanagement.

The bankrollmanagement from PokerStrategy has proven to be successful on many occasions, to safely but quickly, move your way through the limits. It'll protect you from going broke or the big financial setbacks if you're encountering one of the inevitable downswings.

It shows you:

• From which level of bankroll you can start playing the next higher buy-in.
• From which level of bankroll you have to move down to the next lower buy-in level.

2. Your way to move up safely

For a healthy and lasting bankrollmanagement you should always have a certain amount of tournament buy-ins available to overcome phases in which you don't make any profit.

For the next higher limit you'd want to play, you should always have 30 to 50 buy-ins available. 30 is the lower boundary which you definitely shouldn't fall below. If you want to make sure, stick to 50 buy-ins.

Therefore applies:

• If you have 30 or less buy-ins of the next smaller limit, you have to move down.
• If you have 30 or more buy-ins of the next higher limit, you can move up in limits. Not earlier and 30 is the lower boundary which you shouldn't fall below.

The starting point of your poker career is the 50 Dollar which PokerStrategy made available to you as your starting capital. With this money you start in the limits of up to a buy-in of 1$. You can start playing any limit from the beginning as long as it doesnt exceed this. You'll probably start playing multiple tournaments and have times where you won't find enough free tables on one limit. In that case, you could take up a few tables from a lower limit.

Step 1: You will be playing tournaments up to $1.00

Advance to step 2: with at least $72

Move down: at the latest with $18

Step 2: You will be playing tournaments up to $2.00

Advance to step 3: with at least $165

Move down to step 1: at the latest with $36

Step 3: You will be playing tournaments up to $5.00

Advance to step 4: with at least $330

Move down to step 2: at the latest with $72

Step 4: You will be playing tournaments up to $10.00

Move down to step3: at the latest with $165

3. PokerStrategy Tell-A-Friend for moving up in limits quicker

The Tell-A-Friend-Program (TAF) allows you to promote further members to PokerStrategy and receive up to 100$ per member directly into your poker account. You can boost your bankroll, especially in the beginning of your poker career, by using the Tell-A-Friend-Program. To the Tell-A-Friend program

4. Conclusion

You now know that in order to be able to build up a Poker career you need to handle money reasonably. Your bankroll is your household budget for poker. Treat it accordingly. You can't buy anything that you can't afford. You have to build up reserves for times were you catch a downswing, as it's the only way you can survive.

LINKS

Further articles: How do I play a tournament? How the position affects the strength of your hands Which hands are profitable after the flop? Your strategy when you have lots of chips Adjustments to your strategy when the blinds increase A special move: Blindsteals A special move: Stealreraises Your strategy when the Blinds become very large Discussion forum: Here you can ask professionals or discuss with other players Videos: Here you will find tournament videos from the PokerStrategy coaches Live-Coaching: Here you will find live-coachings with the PokerStrategy coaches

5. Appendix: Solution

Question 1: What does the bankrollmanagement from PokerStrategy guarantee?	a)		That you can move your way through the limits relatively safely and quickly.
Question 2: What does the bankrollmanagement from PokerStrategy advise you to do?	c)		When to relatively safely move up in limits.
Question 3: What is you aim in poker?	a)		Maximising your winnings and minimising total losses.
Question 4: How many buy-ins do you need at least to play a certain limit?	b)		30
Question 5: If you have less than 30 buy-ins for a certain limit, you ...	a)		Should keep away from this limit unless you want to go broke.
Question 6: How much money can you earn per member through the Tell-A-Friend-Program?	c)		$100
Question 7: What do you have to do in order to get up to $100 per promoted member via the Tell-A-Friend-Program from PokerStrategy?	b)		Excite others about PokerStrategy.com.