Why Bankroll Management is so Important at Poker Tables

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Why Bankroll Management is so Important at Poker
Tables

• Bankroll is the amount of money a player keeps
  aside to play Poker. It is your capital that you
  use only to play Poker games. At live tables,
  your bankroll is the money you use to buy chips
  to wager on the table. When you play online, the
  amount available in your Poker wallet to invest
  at the tables is your bankroll. Along with the
  basics of how to play poker, it is also important
  to learn how to practice bankroll management to
  become a successful player.

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Why is Bankroll Management important?
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What is Variance?

• A variance is a statistical measurement of how
  much money you can earn at the tables in the long
  run versus the potential results of your gaming
  session in the short term. You can consider it
  the difference between the downswings and
  upswings you face at the tables. If, as per the
  calculation, the variance is negative, that means
  the profits you make at the tables are not as per
  your expectations. If the variance is high, it
  can put you on tilt and lead you towards
  making impulsive decisions. A sound bankroll
  helps you minimize the negative effects of
  variance in your game in the long run.

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What should be the size of your bankroll?

• Recreational players (who play just to enjoy the
  game, not to make money) can keep a small
  bankroll. Professional players need to have a
  strong bankroll in order to participate in mid
  and high stake games and save themselves from
  facing financial troubles when you face
  downswings. What matters the most is playing only
  at stake levels that match your skill-set. If you
  are a beginner, it is advisable to play at free
  tables to learn the basics such as poker hand
  rankings, betting actions, table positions, etc
  before starting playing with real money. Move the
  level up only when your bankroll allows you to do
  so.

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References

• https//www.adda52.com/poker/how-to-play
• https//www.adda52.com/poker
• https//www.adda52.com/poker/hand-rankings