Definition of Bankroll Management

What does the term "bankroll management" mean in the world of poker? What is meant by the term "bankroll management"?

In poker, the term "bankroll management" is an important one to understand and put into practice.

The meaning of the term Bankroll Management when it comes to playing the game of poker."Bankroll management" refers to the rules that you put into place to make sure that you don't go broke.

For instance - if you have a bankroll of $1,000, you need to put rules into practice to ensure that you don't run out of money.

If you have a bankroll of $1,000, you won't last very long if you play $100 buy-in tournaments.

Proper bankroll management might be putting a rule in place where you only play tournaments if you can afford 200 buy-ins.

So, if you have a bankroll of $1,000, this might mean that you could only play tournaments with a buy-in of $5 or less.

As your bankroll grows, you can move up in stakes if you wish.

Bankroll management obviously applies to cash games as well. For instance, you might implement a rule where you only sit in a cash game if you have at least 100 full buy-ins in your bankroll.

If you don't have that much, you won't play.

Proper bankroll management is the key to longevity in the world of poker.

There are plenty of great players that have gone bust due to improper bankroll management.

Even if you are the best player in the world, variance is a reality and you will inevitably go bust if you don't have a plan in place to manage your bankroll.


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