Poker, at the end of the day, requires the same sober balance of risk, prudence and discipline that any decent entrepreneur would require in order to enjoy any kind of long-term success. It follows, then, that in order to reduce risk, we limit transactions (buy-ins) to a manageable level that can sustain whatever variance we might come across – just as a business would ensure to keep this or that cost/investment within strict parameters of the overall capital. We put down our capital (Bankroll) in our poker company (tournaments etc) in the hope or expectation of a return on our investment (ROI). To this end, our bankroll is to our poker career what an initial seed or start-up investment is to a conventional business. As much as poker is a fun game, of course, the fundamental aim is to end up with more money than we started with.
Smart MTT, SnG and DoN players should manage their bankrolls on the same lines as a business. While anything is possible in poker, we have the power to mitigate circumstances and engineer situations that keep the chances of disaster to a minimum – and that’s where prudent BRM comes in to play. The thing we must endeavour to avoid is finding ourselves needing to add funds in order to keep playing, the worst case scenario being going bust. Regardless, the whole point is that it is only for poker and (of course), in an ideal world, we want the bankroll to remain intact, hopefully increasing over time. We might have it all in one poker room or spread across several, and it’s also common nowadays to keep part of our bankroll in accounts with online payment services such as Skrill or Neteller. In our online poker context, a bankroll is a sum of money that we set aside to be used exclusively for funding our poker quest. What is a Bankroll and how do we ‘manage’ it? With this article we aim to help all those Tournament, Sit & Go and Double or Nothing players who, for whatever reason, have yet to get to grips with BRM. The point we should never forget is that, however well we play at the tables, it will ultimately come to nothing if we fail to engineer and then adhere to a workable BRM strategy. And this poker truism applies to everyone, including the very skilful. Without a sensible, patient and realistic approach to this crucial aspect of poker nobody would be able to attain and subsequently retain any level of success. Good Bankroll Management (BRM) is an imperative for any poker fan, given that the health of our finances is the overall aim of the game.
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