Smart Bankroll Management: Essential Strategies for Poker Pros by Micah Raskin
Published on: 08/12/2025
Bankroll management is one of the most critical skills for poker pros who want to build a lasting career Many players focus on winning hands or perfecting their strategy, but forget that managing their money wisely is just as crucial. Without solid bankroll management, even the best players risk losing everything In this article, we will explore essential bankroll management strategies that help poker pros stay in the game and secure long-term success, as noted by Micah Raskin.
First, it is essential to understand what a bankroll is A bankroll is the amount of money a player sets aside specifically for playing poker. This money should be separate from personal expenses or savings Treating the bankroll as a dedicated fund helps players avoid risking more than they can afford. Professional players know that careful planning of their bankroll protects them from significant losses during tough stretches.
One key strategy is to choose stakes that match the size of your bankroll. Playing at limits that are too high can quickly drain your funds if you hit a losing streak Poker pros often use guidelines, such as having at least 20 to 30 buy-ins for cash games or 50 to 100 buy-ins for tournaments before moving up in stakes. This cushion allows players to handle swings in luck without risking ruin
Another important tactic is to track all wins and losses carefully. Keeping detailed records helps players understand their performance over time and spot trends This information lets them adjust their bankroll strategy when needed. For example, if losses are growing or winning rates drop, it might be time to lower stakes or take a break
Discipline plays a significant role in bankroll management. Many players get tempted to chase losses or move up stakes too quickly after winning Poker pros stick to their plan and avoid emotional decisions They know that patience and consistency are key to surviving the ups and downs of poker.
Proper bankroll management also means knowing when to stop playing If you find yourself losing too much in a session or feeling frustrated, it’s better to take a break. Playing tired or upset often leads to bad decisions and bigger losses Smart players protect their bankroll by walking away when needed.
Finally, diversifying your poker activities can help protect your bankroll Some pros balance cash games with tournaments or mixed formats. This variety can reduce risk and improve overall chances of steady profits