I know it seems tempting to jump into a soft cash game with crazy action, even if the stakes are higher than you are properly bankrolled for to play.

After all, just like in business, money makes money in poker. If you take money out of the 'company,' it might make your business fail. Therefore be smart about just how much you can reasonably commit to poker (or your 'business'). You shouldn't be counting on this money to pay your bills. The money you use to play poker should be treated like 'company money.' It doesn't matter how much you've separated out with which to play, you should avoid spending your poker bankroll otherwise.

Separate your personal and poker finances Here are six strategies that I have found useful when it comes to bankroll management, an important 'skill' to develop for poker players. On his website Scotty Nguyen talks about how he 'has lost and amassed his bankroll numerous times in poker.' And Mike Sexton has lost his fair share, too, as he talks about with Jonathan Little in their recent conversation on the topic of 'How to Hold Onto Your Money.'

Stu Ungar, for example, by some accounts won over 30 million dollars in poker, yet thanks to other life leaks still went broke several times. The fact is, even some of the most brilliant poker players have experienced the consequences of poor bankroll management - even Poker Hall of Famers. Even though this might seem simple to do, many players - even very good ones - find themselves constantly struggling with their finances for long periods during their careers.īeing smart with how you spend and/or invest your money not only can help you stay in action and even move up in stakes, but also can ensure you keep the money you have already earned playing poker. Everyone knows how essential it is to practice smart bankroll management in order to be a successful poker player.

How to build online poker bankroll