If you are interested to play online, you should find the right casino at the onset. However, this is not as easy as it looks because there are thousands out there offering lucrative odds. As a player, you should look beyond lucrative offers. You should also consider the selection of games, customer service, online security, and licenses.
As soon as you are settled, there is one aspect that you should master – bankroll management. Bankroll management has nothing to do with how you play the game. Bankroll management is how you make sure that the money in your account stays available even if you happen to go through losing streaks.
What is the ideal starting bankroll?
If you are a beginner, you have to understand that there is no such thing as ideal initial bankroll. The answer will really depend on your limits but in general, you have to keep in mind that there is a chance that you will lose.
With this, you should only deposit the money you can afford to lose. If you manage your bankroll well, you should expect it to grow and become more profitable. As a result, you do not need to deposit any more money just to sustain the game.
So, how to build a bankroll?
After preparing your initial bankroll, it is understandable that you are itching to make money. Before indulging in Texas Hold’em, domino qiu qiu or capsa susun, it is important that you know some strategies to build your bankroll. Here are some strategies you may find useful:
- Decide the type of game you want to indulge in: essentially, playing tournament games will yield higher variance and it will require larger bankroll. If you play cash games, the variance is lower and it will require you lower bankrolls.
- Check the rate of winning: you can also take this approach in building your bankroll. For tournament games, the rate of winning is also called return on investment (or ROI). For cash games, this refers to the win rate per 100 hands played. To assess the rate of winning, a large sample size of hands is necessary. If you are unsure as to the accuracy of win rate, you should proceed with caution.
- Assess your comfort level: finally, you can build your bankroll with two components – life roll (other income streams and available cash) and mental composure. This means that you play based on your comfort level.
It is important that you understand bankroll management as an essential part of your long-term success at the poker table. Remember that the key thing to bankroll management is discipline – you should know when to press the kill switch.