Money Management in Poker

Poker Strategy Info And Source:

If you’re trying to play poker professionally or play poker for a living you need to remember THIS important poker bankroll concept. Plan way ahead!

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The truth of it is that if you really want to have a good shot of making a career as a poker pro you need a lot of money set aside to cover your expenses alongside your actual poker bankroll.

Money management in poker or managing your finances as a poker player aren’t necessarily complicated, but they do take some of the old-school ‘sexiness’ away from gambling for a living by reducing your risk.

Consider this, if you are having to take money out of your bankroll and you are also unfortunately going through a completely normal poker downswing you may find yourself out of action faster than you realize.

Playing sound poker strategy doesn’t come easily when you’re playing under the stress of being down to your last few buy-ins or rent payments, getting hit with coolers and bad beats left and right.

While making sure you have a large life-roll is important, so is making sure you have a sizable bankroll to handle the regular variance of playing poker.
You’re going to run into a lot of financial hurdles simply due to not being prepared enough for the future if you’re playing poker short-rolled.

If you’re building huge chip stacks already but still looking for how to improve at pot limit omaha, no limit hold ‘em, or poker in general, Phil Galfond is here to teach you how to think like a professional poker player.

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Source: YouTube

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Money Management in Poker

6 thoughts on “Money Management in Poker

  1. Been waiting for your daily update video all day

  2. What's the best stakes to grind a bankroll playing live ?

  3. What! I'll just stick with my current bankroll management system. Which of course is rich for a little bit, dirt poor for awhile, then king of the world for six months, then close to homeless for a couple months, alternating back and forth until I eventually lose my mind.

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