* Do you have a savings? Playing poker for a living is similar to starting your own business. * How many bills do you have? There is a big difference with having to feed a family of four and paying a mortgage in comparison to living at home with mom and dad and only having to pay for your gas and car insurance.

People are different in his or her financial situation, their personal needs and how much money they need to have coming in as sole income for the month. Considerations for Proper Bankroll ManagementĪlthough there are some solid guidelines to use when learning how to manage your bankroll, there would be a slight flaw here. So, for those of you that are interested in learning more about bankroll management, I have provided some thoughts on what needs to be considered when determining your bankroll requirements as well as some guidelines to follow when first starting out. And what fun is it to be a solid poker player if you are always broke? However, you can study everyday to be the next Phil Ivey times ten and still be broke if you lacked bankroll management skills. To be successful at poker, you do need to know how to play well and you do need to study very hard. Now, I am not saying that bankroll management will make up for you being a losing player.

That's right, bankroll management is undoubtedly more important than studying your game or being a solid player. Lastly, and most importantly, a player must understand and exercise proper bankroll management. Secondly, a player must be willing to study his or her game constantly to find weaknesses so that they can improve upon them to get better and retain the edge they have over their opponents. For starters, a player should know how to play poker and preferably be better than an average player. To become a successful full time poker player, there are several necessary traits or skills that one must possess. Online Poker » Poker Strategy » Bankroll » Bankroll Management

How to start your poker bankroll