Bankroll Management

Steve Z Bankroll Management

Tiz the Season for a Good PRO TIP on Bankroll Management

With the holiday season in full swing, many Full Tilt Poker players are feeling the pinch in their budget. While trying to keep a balance between indulging in gift giving and keeping their poker play at maximum benefit, players may be in need of some sound bankroll management advice.

Full Tilt Poker Pro Steve Zolotow started off the month of December by offering some great bankroll management advice. With his Full Tilt Poker Pro Tip Number 206, titled “Managing Your Poker Bankroll,” Steve addresses the age old question of ,“How much do I need to play in a certain stake game?” Steve thinks there is a problem with the question, that it should be, “Given my temperament and current financial situation, how much can I risk in a game?” To answer this, Steve puts poker players in three groups, according to their individual temperament.

First, Steve says are the plodders - those players who are highly opposed to taking risks. In the next group are the normal players - those players willing to take moderate risks when they believe they have an advantage. And last are the plungers – those players who are extreme risk takers. Steve admits that players are not unique to only one group and can be at various degrees of these categories, even moving back and forth between one category and another. For example; a player who goes on tilt could be a winning plodder one minute and a losing plunger the next.

And when addressing a player’s financial situation and bankroll, Steve again divides players into three categories of players having small, medium and large bankrolls. He says a small bankroll is equal to an amount a player could earn in a month or less from general work, business, or investment income. A medium bankroll is formulated on a six-month accumulation time period, and a large bankroll has an accumulation time of a year or more. Steve is quick to caution players that if they have no outside source of income, they should treat any bankroll as large. Using this principle, every bankroll is considered large because if they lost it, they would be busted and out of the game.

As far as how much to risk in a game, a plodder shouldn’t risk more than 10% for a small bankroll, 5% for a medium bankroll, and 3% for a large one. Normal players can risk 15% for a small, 10% for a medium, and 5 % for a large bankroll. The plunger on the other hand needs to figure on risking 30% for a small, 20% for a medium, and 10% for a large bankroll. No matter what, to manage your bankroll, if you lose your risk percentage of your bankroll, you should quit and play again another day.

Steve’s guidelines are just one of the many Full Tilt Pro Tips that are free for you at Full Tilt Poker. Why not become a member today (use our PokerEdge link) and improve your game and become a winner – with a little help from the Full Tilt Pros!

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