Poker bankroll building is essential for anyone playing online poker. This article focuses on the newer poker player but it can also be used by the experienced player who is looking to take their bankroll to the next level. If you have hit a plateau with your poker bankroll building then use these strategies to help you break that plateau.
Strategy 1: Get Rakeback – This is the best advice anyone could give you for Poker bankroll building. First you need to understand what Rakeback is. The online poker room makes money by taking a very small percentage of each pot, something like 3%. It’s such a small amount that it’s never really noticed. This percentage is called the “rake”. So “rakeback” could also be called a “rake rebate” since it’s basically a rebate back to you a certain percentage of the money the casino has earned from your play. For some people this can add up to a few hundred to even a few thousand dollars a month. There is even a term known as “Rakeback Pro”. This is someone who plays breakeven poker but they make enough money from the rakeback to be able to live on.
Strategy 2: Sign up Bonus – For the brand new who is focusing on Poker bankroll building, sign up bonuses are a MUST. This is basically free money given away by the poker rooms to entice you to start playing with them. This is how sign up bonuses work, usually the online casino’s offer 100% match up to $1100 for some poker rooms on your very first deposit. This can give you a huge boost to your bankroll. This basically is free money and when you are focusing on Poker bankroll building you want all the free money you can get.
Strategy 3: Affiliate Bonus – These are easy to find but not often discussed or explained. Affiliate bonuses are extra incentives to sign up for poker rooms on top of the “Sign up Bonus”. Not all affiliate bonuses are the same so you will want to look around for the best deal. A lot of affiliate bonuses are points or poker software. I recommend you look for affiliate incentives that are cash. Many affiliates that offer points will allow you to redeem those points for all types of goodies but when looking to build your poker bankroll look for affiliates that allow you to redeem for cash. I know of at least one affiliate that will allow this.
Strategy 4: Dollar Cost Averaging – Now this is something that I have almost never seen anywhere else and I’m not sure why. When poker bankroll building, you are looking at your poker bankroll as an investment. As with any investment, dollar cost averaging (investing a small amount each month) just makes sense. When you can get 100% return on your money with a sign up bonus and upwards of 30% on rakeback there are no traditional investments that can give you that kind of return. So why not invest in yourself, invest in something you can control. Of course this holds true if you are a breakeven players and many players are breakeven players.
Strategy 5: Poker Coaching – If you are not a breakeven player at least or if you have hit a plateau while Poker bankroll building. Then I would highly recommend getting some poker coaching. You can find tons of coaches online and coaching websites like Pokersavvy. Two things to keep in mind when looking for a coach. You want to find someone who has succeeded at the level of play you are looking to master. You also want to get references from previous students he/she has had success coaching. If you are on a limited budget then I would look for coaching websites for a modest monthly subscription you can access tons of videos and articles on various aspects of poker. This should help you become a winning player and you can get one on one coaching later as your bankroll grows.
In conclusion, poker bankroll building is what poker is all about. Our bankroll is a little like our scoreboard with how well we are doing and at what levels we can afford to play at. Sometimes building a poker bankroll can be frustrating, for those of us that are impatient. However, it can also be very exciting and exhilarating at the same time! Remember when poker bankroll building just have fun!