Get ready to take your game—and your bankroll —to the next level. Growing your bankroll is imperative to financing your climb from rank to pro player. Just avoid the biggest pitfall: racing for the top. Not only is that not sustainable (a mark of being pro), it’s dangerous and you’ll end up with donut holes in your bank account. It’s about slow-building and improving your game until you reach your end goal.
I Want To Build My Bankroll, What Is The Best Way To Do It?
- Find Your Sweet Spot
There are many formats of poker out there: multi table tournaments, sit n go’s or cash. The key to advancing your poker skills is having fun and playing a lot, so it stands to reason that you want to play the game you enjoy the most. You don’t want to be a jack of all trades and master of none. So pick one initially, specialize and learn all the unique concepts to that game and once you’ve mastered the format, try your hand at another.
- Bankroll Management
If you want to make a profit and be a pro, you have to treat poker like a job. Make your money, deposit it and recognize it’ll be a long grind ahead until you reach your ultimate goal. While it’s great to dream of making the World Series of Poker, measure your success by setting small attainable goals – how many buyins you want to make or how many hands you want to play in a week. Celebrate your achievements to remind yourself what you’re playing for otherwise; you’ll get consumed by the game.
- Improve Your Ability
In order to improve your game, you need to be better than your opponents. And to rise up the ranks, you need to be constantly improving your ability. You can’t just spend time playing; you have to balance your playing time with your studying time. Studying doesn’t just mean hitting the books; there are different ways to study: ebooks like my Bankroll Building Bible, forums, or spending time thinking about the game of poker. Dedicate 80-90% of your time to your preferred method of study and the remaining 20% to other methods.
- Grind Hard, Take Shots, Be Patient, Be Prepared
If you want to build your bankroll, the best way to do it is by getting to work and putting in that effort. You’re not going to magically become a high stakes poker player overnight or a consistent winner if you don’t put in the effort. You need to play lots of quality hands, grind hard and not be afraid to take shots like trying bigger limits. Take responsible shots; don’t just enter a high stakes game to chase the money you lost. Be willing to battle through adversity. Accept and learn from your losses. Do this by keeping track of your progress, so you can look at your results and be accountable and responsible for them.
Part of being a professional is knowing that you can rebuild if things go badly after trying your hand at a higher limit. Responsible losses are an inevitable part of poker. This is where being prepared and playing within your limits comes in. But if you’re riding a good run at a higher level, you can now afford to establish yourself. If you don’t rush things and play within a safe zone so that you never bust your roll – key part of being a pro – and you’re constantly improving, you’ll sustainably move up the ranks.
Building Your Bankroll
Climbing the ranks means grinding it out, taking measured shots, improving your game and growing your bankroll to finance your desire to go pro. It’s not a straight shot to the top or a fast one, pace yourself by celebrating small victories and putting in the effort, and in time you’ll reach your goal.