I have been asking a few different people including some poker pros, questions about my bankroll and how I should manage it.
I have $3,000 to use for my poker bankroll. The problem is that I have about $1,500 spread out over six sites so that my effective bankroll on each site is around $250. I have cash on hand of around $1,500 to use for the rest of my bankroll. The cash is also what I take when I go to the poker rooms.
I always try to take at least two or three buy-ins at live games with me so that I can stay in the game for a little while. My stop loss, such as it is, is set at losing no more than two full buy-ins. Usually, if that happens, I don’t seem to play as well and so, this method seems to work for me.
I basically have about 30 buy-ins total, playing at the .25/.50 levels, which is where I seem to do my best at, lately.
My biggest goal now is to increase my bankroll by winning, so that I can move up to the next level and still have over 25 buy-ins total at the $1/$2 level .
My biggest challenge is moving money around the online sites.
Right now, to deposit on PokerStars and FullTilt, I have to use Western Union. The remaining other sites take eWalletExpress which is much easier, faster, and less expensive to me to use.
How do you manage your bankroll? What are your plans for keeping in the game for as long as you can? How do you make your deposits to sites?