Managing your online poker bankroll
Bankroll management is a vital part of the skills necessary in becoming a successful poker player. In order to withstand the inevitable downswings you are doomed to face when playing poker, you must stick to playing only at stakes that are in correct balance with your bankroll. In addition when playing online you have to also be able to spread your online poker bankroll in meaningful way.
Let's take a look at a situation where you have been able to build your bankroll in a level where you can comfortably play your games. You have been running your bankroll up in your favourite pokersite and everything is running nice and smoothly. Then you wake up in the morning, try to log in to your account only to find out that your account has been frozen. If you kept your whole bankroll on that site you are now effectively out of business. If you are lucky the problems are a only small and you can have your account opened in day or two but the worst case scenario is that your money is locked for months or you might even never see a penny of your money again. The risk becomes greater the smaller and newer the pokersite is but as we have seen in past, even the giant ones can fail. There is so much happening in the world of online poker that you just never now if there is some legal change lurking behind the corner.
One solution that I highly recommend is to keep only a necesssary amount that you need to play your games at one pokersite. You then rmake regular withdrawals and do not let your bankroll grow too large. Spread your bankroll across the several pokersites that you play in, keep some backup money readily available in online wallets such as neteller or moneybookers and cash out rest to your bank account. Then if the worst happens it only affects a small part on your bankroll keeping the hit smaller and enabling you to keep playing on other sites. It's just not smart to keep all your egg's in one basket. Start building a bankroll here
