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Managing Your Poker Bankroll

Author: Steve Zolotow

People always ask, “How much do I need to play in a certain stake game?” The usual answer to all poker questions is, “It depends.” But in this case, it is the wrong question. The question really should be, “Given my temperament and current financial situation, how much can I risk in a game?”

Let’s examine these components. First is your temperament. Years ago, Mike Caro distinguished between two types of players – plodders and adventurers. I like to put poker players into three categories. First are the plodders. They are extremely risk adverse and would rather play for pennies than take a chance of going broke. Next are the normal players. The normal players are willing to take moderate risk if they think they have a reasonable advantage. Lastly there are the plungers. They love to take extreme risk. They are the poker equivalents of mountaineers who want to reach the top of Mount Everest. The risk in question is, of course, losing a large percentage of your bankroll or, in the worst case, going broke.

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