With effective bankroll management, you will be able to play for longer stints without finishing off your bankroll and the better you get it, the longer you will be able to play. Managing your bankroll effectively is a key part of poker strategy because it is the one thing that guarantees your wins will be more than your losses. In this article, we will discuss different strategies that you can adopt for effective bankroll management.

Poker Strategy – Ferguson’s Rule

As a poker player who has gone beyond the beginner stages, you must have figured this much out – there is a direct correlation between your bankroll and the blind amount you can play. The higher your bankroll, the more confidence you will have in playing poker for higher levels. So what exactly is “high”, in this context?

The term “high” is directly proportional to the bankroll you have. In the case of no limit poker games, there is a rule in operation that states the amount you should have on the table at any given point should be, at the most, 5% of your bankroll. This is a rule that Chris Ferguson speaks in support of. As per this rule, the right time for you to quit the game is when the amount on the table adds up to 10% of your bankroll. This rule may also work for limit poker, but the guarantees are not iron clad there.

The merit of Ferguson’s rule, as against the standard rule applied in poker, is that it defines exactly the quantum of money that you can have on the table to be able to play in a relaxed manner. By following this rule, you are effectively putting a lid on the risk entailed in playing poker without any concrete idea of the amount that you can safely bet.

Poker Strategy – Bankroll Management and Ruin

This poker strategy can be effective or ineffective depending on the accompanying situations. You basically use your playing style as one of the factors in determining how much money you want to place in your bankroll. This works because the approach is more customized than the generalized approach mentioned above. That does not mean that the other strategies mentioned here are ineffective; it is just that this can be tailor-made for you.

To make this poker strategy work, you need to know two things about your game – the win rate that you have and also the standard deviation for this rate. You can calculate standard deviation by a simple process – convert all the amounts that you are talking about through the various sessions into $/hr. Then, find out the variation between your win rate and the session result for each session and square the number, take the sum of each squared number and then determine the average.

At the end of this simple mathematical procedure, you would know how big your bankroll should be. As a professional, you can also go one step ahead of the beginner and not take the entire winnings. Leave a portion of it intact so it makes your bankroll bigger with each game you play.

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