Hot answers tagged bankroll-management
In general, I don't think there should be lots of changes. If you have x dollars in your bankroll now, and if you have the financial situation where you can afford to add y dollars per month to your roll over z months, then your virtual bankroll z months in the future is x + yz. You still need honestly to assess your win rate and variance to know whether ...
If it doesn't cost you anything to withdraw or deposit (no fees), I don't see any benefit of keeping a large bankroll online. Plus it could be a form of money management by keeping a % of your bankroll on a site. If you bust and can't buy in over and over, it will force you to take a break by redepositing and hopefully getting of tilt.
I used to have my bankroll split between various sites and my winning on MoneyBookers (called "Skrill" nowadays). Then I ended up keeping my bankroll mostly on one big site and withdrawing my winnings to my bank account. A huge problem with splitting on different sites is that it's great while your clear bonuses (and reload bonuses) but besides that, it's ...
I think it was Mason Malmouth who wrote an article about "The Silly Subject of Bankroll", I paraphrase. In the old days when the game of choice was big blind Texas Hold'em for professional players the benchmark was 300 big blinds was a adequate bankroll that would allow a player a 95% margin for not going broke with standard deviation. (Big Blind hold'em is ...
If you can learn patience and the ability to fold small hands to postflop raises then you will be far ahead of most microstakes players when you decide to play for real money.
For cash games, when you feel you are by far the best player at the table, you can start playing for real money. Repeat this step on real money tables as well. What I think is interesting are the freeroll tournaments. I really learned a lot by doing this. You will learn playing in position, playing with your stacksize, adapting to new blind levels and so ...
Obviously it is not that good of an idea. Better go to a bank and let your money grow there. However, as a European guy, I have thought about this as well. Since on most poker sites, everything is stored as dollars, you could basically deposit an amount when the euro/dollar ration is low and then withdraw your money when the ratio changes in a positive way. ...
I would say you should only keep on there, what you don't mind losing, just in case anything was ever to go wrong. I would also stick to the bigger sites to be honest, less chance of them going broke etc. When i win big i tend to take at least half of it out and pay off some bills etc.
Although I don't think these are solely poker terms, "Total Money" is equivalent to Bankroll. "Money Invested" is equivalent to Money at Risk or Current Exposure to Risk. Some useful links to answers from this site on the topic of bankroll are: What is a proper starting bankroll? Tools for Managing Bankroll, Income and Losses
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