I go on a downswing for sometime and it just kills my bankroll everytime. How do you guys handle your downswings? This is One of my biggest problems in poker and would like to get better at handling this problem. Thank You
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I have a Secret? Although it is everywhere on the internet and in
poker books when you read them and it is called Bankroll Management!
Playing beyond your Bankroll limits is a sure way to lose money you have deposited on-line, and even when it comes to playing live in a Casino. Never buy-in for more than 1% of your total Bankroll, so if you deposit $100 Dollars you limit your buy-in to $1 Dollar games, Deposit $1,000 Dollars and your limit is $10 Dollars, it is that simple.
I have had days where I lose every game I register for, but that is all part of the game, which can be very cruel at time's, other days I can win more than I lose, so I can and do suffer from downswings (Variance) but I can suffer a few bad beats and still come back the next day playing again, without it killing my Bankroll.
On-line I have over $600 Dollars with
pokerstars, so can, if I wanted, buy-in for $6 Dollar games, I rarely do because I am not that motivated in making money playing Poker, for me On-line Poker is just a bit of fun and I enjoy playing.
Someone said playing for fun, is playing Ignorant, I say losing your Bankroll, is just plain stupidity, it takes a lot of hard work to become a good Poker player, and a hell of a lot more hard work to call yourself a Professional, I do not claim to be either, but I am sensible when it comes to losing my Bankroll, which I have never done.
Bankroll Management is just part of the hard work you have to study, and be good at, to make sure you never go broke, and I am sure there are many players who feel the same way.
When the fun Stops, STOP!