When Chris Ferguson blogged his Start from Zero Bankrolling Quest, he proved that it could be done. You can start an online poker bankroll from ZERO dollars. The fact that a Full Tilt pro with the reputation of Chris toiling in the penny tables went through the whole process not once, but twice building an account surplus of Ten grand shows that with due diligence and dedication to the task, you can probably do it too.
But only with a lot of self control that is. When playing online poker especially at a site like Full Tilt, that skill far more rare than you might think. Listen, if 75% of online players lose money, then not many of them know how to manage a poker bankroll. Itès not like the information isnèt out there either because it is.
So many players though end up playing above their skill level and even worse, above their bankroll that inevitably, these are the players that end up in that 75% cluster of money losing fish. Yes you are essentially a fish by playing above your bankroll. Chris Ferguson didn’t build his bankroll with magnificent bluffing, power all-in betting, and underground intimidation tactics. Are you kidding me? Have you ever played in the $1 sit and go tournaments? Strategies like thatare sure-fire ways to be searching for reload bonuses.
Chris Jesus Ferguson merely used fundamental poker skills to win as much as he could, but more importantly executed exceptional bankroll management with a strict set of rules that determined what his games of choice would be, and how far he would go in a hand or drawing situaiton.
Bankroll management is then, utterly important to your success online, and now there are software choices to help you keep track of that very aspect of your game. Personal Poker Pal is the latest in this market that with a variety of graphs, reports, and analysis tools can help keep your game moving up and build your bankroll the very best way – using OPM or other people’s money.
What a poker bankroll calculator can do for you is keep your skill set evenly matched with your bankroll. As your knowledge and understanding of the game improves, so then are you rewarded in your bankroll. It’s simple math really. If you jump too far up, you are penalized (eventually) for playing above your head and you take a hit.
However it is impossible to be consistently successful in the modern game without a detailed analysis of performance, highlighting the reasons for success or failure either in particular hands or over a session, with the aim of improving future results. There are many software tools on the market to assist the poker player, but at a price many players are unable (or unwilling) to pay.
You manage money everywhere else in your life don’t you? Unless you are just out having fun and you really don’t care about how much you spend on entertaining yourself playing online poker, then you need to start managing your poker bankroll, just like the pros.
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