May 07, 2009
Having played online poker for almost 2 years now, I have only gone bust once (my first deposit of $50USD). I know that there are probably many articles out there regarding bankroll management but I would like to share my own.
Floor.Ceiling. You should always be setting a floor and a ceiling for every limit you play. Not only does this make sure you donâ€™t move up/move down too soon, but it also gives you a target for each stake you play. My floor and ceiling as follows :Floor Ceiling
50nl $750 $4000
100nl $3000 $10000
200nl $8000 $24000
400nl $18000 $60000
Weekly tax : cashout 5% of bankroll each week
For people who have other means of income other than poker can apply a more aggressive bankroll management strategy, allowing them to take more risk where they might be able to move up stakes a lot faster. Do note that you should not allow your bankroll to dictate the stakes that you should be playing, move up when you think you have the ability and the confidence to beat that stake.