Dealing with Bankroll Fluctuations

Effectively managing your poker bankroll has both practical and psychological aspects. Bankroll fluctuations – both positive and negative – are a fact of life for all online poker players. Those who are able to deal with these will have an edge that will make them profitable over time. This article looks at some of the important aspects involved in dealing with poker bankroll fluctuations.

The first thing to note is that if you are not properly bankrolled for the level at which you play then natural fluctuations can easily see you go broke. Whatever your skill level in heads-up poker matches there is always an element of chance. This can be in the form of bad beats or just a cold run of cards. Making sure you have at least 20 buy-ins for the level at which you currently play can ensure that these chance factors do not adversely affect you.

If your bankroll is reduced then you may need to move down levels. Many players who experience poker bankroll fluctuations actually do the opposite – they move up levels in an attempt to ‘get even’. This can be a potential disaster for that carefully acquired poker bankroll. Discipline in bankroll management – and the psychological strength to move down levels when your bankroll suggests to do so – is the key to long term profitability in heads-up poker play.

Many players suffer from ‘Tilt’ when they are hit by negative fluctuations in their bankroll. While the ‘angry’ form of tilt is well publicized this can also take the form of a passive and resigned playing style – almost expecting to lose. It can also manifest itself in a desire to ‘get even’ or ‘teach that fish a lesson’ – be honest with yourself, would you really be playing optimal poker with these thoughts in your head? If you feel that you are likely to tilt following the loss of a few heads-up poker buy-ins then it is very important to take a break from the tables. Come back when you are feeling positive and able to play your best game – your poker bankroll will benefit!

There is of course a positive side to poker bankroll fluctuations. You go on a good run and end up having more money in your poker account than ever. While this is great news there is some discipline required in this situation too. Moving up levels is your long term objective but do not be in too much of a hurry to take your new found wealth to the higher buy-in tables. First assess whether you are properly bankrolled for the new level. Next set aside a certain amount of your new bankroll to take a shot at the next level, if you lose you can drop back to your comfort-zone. If you win then you will be able to decide whether you have enough in your bankroll to permanently move up.

Dealing with fluctuations in your poker bankroll is made up of 2 important and inter-related factors. Firstly, the awareness of the dangers of tilt - and an effective strategy for dealing with this. Secondly good disciplined bankroll management skills and an objective decision making process for when to move up or down levels.