Poker Tips Video Source & Information:
Poker pro Phil Galfond is here to answer the question: How much money do you need to play poker professionally? What is proper poker bankroll management?
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The first thing you need to do when deciding a bankroll size is to figure out what your motivations are for playing poker by answering some simple questions.
Are you a winning poker player?
Are you just trying to have fun and gamble or are you trying to improve?
Do you have a job outside of poker that you can replenish your poker bankroll with?
If you want to pursue poker professionally or as a career, experienced poker players typically recommend 50-100 buy-ins for cash games and 300 buy-ins for multi table tournaments (Poker MTT’s.)
If you’re just looking to have fun then your bankroll could be determined by how much you can comfortably win or lose without affecting your life.
Recreational poker players and pro poker players have different motivations, figure out which you are and the bankroll management will come easier!
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
What if I have a 9‐5 , do I still need that many buys ins? How do I manage 2 bank rolls?
in math… if the poker site takes rake .. and you play with competitive players you gonna loose
A true pro deposits $50 and grinds that up and never deposits again.
A true pro !!! Thanks Phil
You pinpointed a net bankroll amount. But you failed to anchor that amount and failed to flesh out that that is just 'operating' capital. With respect to the latter (done as a profession), you of course need working capital to cover living and poker-related expenses. Add that on top of your operational bankroll to get your gross bankroll. As for anchoring your net bankroll, it should never be a substantial percentage of your net worth. If it's more than 50 percent, you'll be playing with money you can't afford to lose. Whatever percentage you decide you can afford to lose (hence avoiding a self-inflicted hindrance of playing with scared money), you can actually rework the numbers to arrive at the stake size you should/ought to be playing.
Playing a 200 buy in with 20ks wild
Tell us something novel. This is old news
I'm not a cash game player so perhaps having only 50BIs is standard for a winning reg, but my advice to anyone playing Jackpot/Spins SnGs is to be SUPER conservative with BR management. Even at the microstakes I've had 30BI downswings in a session. If you have only 50BI for your entire roll you will positively lose your freaking mind.
What about rake? Vegas jacked it up. Is it still worth it?
"And how much you're comfortable winning or losing" Apparently I'm not comfortable with winning.. 😂