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Dilapidating Bankroll in Poker

@Top1Percent

Five common reasons why people squander their bankrolls

The absolute best way not to go broke in online and live poker is to have good bankroll management and stick to it.
This is a fact. The bankroll is the primary and fundamental resource of a poker player, knowing how to administer it correctly can bring one’s chances of losing everything close to zero.
Many players, mostly beginners, go through bad adventures because of poor roll management, whether it is because the basics are lacking or mistakes are made.
Today we will try to analyze the most common reasons why many players burn their gambling account, and how to prevent this from happening to you.

1) Not knowing the basics or not respecting the bankroll

Let’s start at the beginning: the first mistake, and the most serious, is not having a strategy for your bankroll at all, or even worse not sticking to it strictly.

 

What does good bankroll management look like?

Put simply, the bankroll is a sum of money set aside for exclusive use in poker.
For convenience it is reported not in euros, but in buy-in. This helps determine when it is time to move up or down a level.
For example, let’s set a threshold at 40 buy-in for a cash game player currently at NL10. This means that if we go below €400, we will have to go down to NL5, while if we reach 40 stacks for the top level (NL25, so €1,000) then we can go up.
These are far from mandatory numbers: each player can evaluate how much buy-in to keep for level up/down, taking key points into consideration.
The lower the bankroll/buy-in ratio, the faster we can climb the levels, but it is also true that we will find ourselves leveling down more often. Conversely, the “deeper” your roll, the slower but smoother the climb.
For accurate roll management you can also decide how much and when to withdraw from the account, or set different margin “pads” for level up and level down. The important thing is to
having a well-functioning plan
, and most importantly.

2) Not abiding by the rules one has imposed on oneself.

…Always abide by the rules you have imposed!
One of the biggest mistakes that leads to bankroll collapse is not being firm and strict enough in following your plan.
Many take it as a simple guideline from which one can also deviate, or they do not accept the level down and end up playing out of bankroll.
Often players, particularly tournament players but not only, like to “attempt the shot,” to try to play a bigger table in search of a win that can give a significant career boost.
This is a transgression of the bankroll, but if done sensibly it can be accepted. Maybe there is a very soft table, or a rich tournament full of occasional higher-ranked players.

Not following bankroll rules can be very dangerous

Once in a while it can go, but if you play ABI 10 you can’t shoot the High Roller every weekend….

3) Attempt to recover losses (play out A-Game).

A serious hit to the bankroll often comes when we incapacitate ourselves in a negative session and want to come out on the positive side. And too often it ends up that we simply lose more.
The reason is part of a broader discourse, namely in-game lucidity and the ability to express one’s best game. When you are at the top of your poker game (alert, in the zone, focused) it is called “A-Game.” Often when we lose we get overpowered by emotions that corrode our rational thinking, and we end up playing B-Game, C-Game or worse.
The worse we play, the more money we lose, and so we create this vicious cycle that leaves nothing good for our bankroll.
The cure is good mindset work, understanding that the bad run is part of the game and it is perfectly fine to close a session in the negative, if continuing may mean doing worse.

Playing catch-up is the thing to do

4) Reg war

A reg war in poker is when a regular (player who spends many hours each day in a level) goes up against other regulars.
These comparisons from high levels of competitiveness (and sometimes of sheer “testosteronic toughness”) do no good.
The golden rule says that if the tenth best player in the world goes up against the other nine, he will come out the loser.
Make a good table selection and play on the softest tables you can find. You have nothing to prove to anyone but your gambling account.
If you are one of those who wants to go up against the best for challenge, to learn, or for any other reason, there is time. Think about growing and improving, and sooner or later you will get to the long-awaited final boss.

5) Leak

Poker is a game in which the best people win in the long run. To be the best you have to study hard, spend many hours at the table and many hours in books (or solvers, video courses in general).
One thing that happens more often than it seems is that one can study a great deal and have even very high technical skills, but not identify a critical weakness that completely changes our win rate.
A couple more hands in the 3-bet range, too low a c-bet frequency, or even more insidious things can corrupt our game, and even though we will be the best in hand reading we will be losing quite a bit of profit.
Every once in a while it only takes very small adjustments to turn the graph around, and we are not always capable on our own.

A proper routine is essential for a professional player

That’s what poker coaches are for: taking an overview of your accomplishments and your most deficient sides, and intervening on those to fix them.
Wanting to do everything alone is very resourceful but unwise. Just think, even Daniel Negreanu and other top world coaches have support coaches!
And available for you are Top 1 percent coaches, ready to turn your game around and protect your bankroll. Find out more here!

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