A bankroll is the sum of money in your possession that you use to play poker. It is pivotal to know bankroll should always be viewed as money you can afford to lose. Your bankroll should never include money you were previously going to spend on something else.

In poker, bankroll management is as important as a skill itself, since it prevents you from going broke. A classic poker strategy implies that in time you’re gonna play higher and higher limits, meaning it will become more costly to join a game session, but the possible reward is also higher. The higher the limits are, the more skilled players you’ll encounter.

If you’re facing a downstreak, your bankroll suffers, so it might be smart to play lower limits, since the average skill of players on lower limits makes them easier opponents for you.

The number of buy-ins is also an integral part of bankroll management. A buy-in is a sum of money required to join a game once on a current limit. Professional players advise managing your bankroll in a way that you’ll always have at least 30-50 buy-ins.

If you lose more than 30 percent of your bankroll in a relatively short period of time, it is recommended that you play lower limits. Bankroll management allows you to define the most comfortable limit for you – the one in which you’ll have the most income. And it’s always good to remember – the opportunity to play poker on the lowest limits is better than no opportunity to play poker at all.

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