The skinny on bankroll requirements
This has been brought up in another thread here and also a little while back on PP.
There are 2 types of bankrolls; Replaceable and Unreplaceable.
A replaceable bankroll is what many of you have, you work other jobs and have a certain amount of money set aside for poker. Losing it may piss you off but it will not affect your lifestyle. for instance you make $1000 a week at your job and have a $1000 poker bankroll where you earn $75-$100 a week from.
If you lost that $1000 and the weekly revenue of $75-$100 it would suck but would not overly impact your life.
A nonreplaceable bankroll comes in 3 forms. losing it would impact your life.
form 1 - you play poker for a living, first you wouldn't be able to work so you could not rebuild your bankroll and secondly you wouldn't be able to pay your bills.
form 2 - we'll use our replaceable bankroll example but your poker bankroll has grown into $10,000. well now losing $10,000 would change your life, you lose $75-$100 a week in revenue which is fine, but you have lost a substantial amount that you cannot replace too quickly.
form 3 - you make $1000 a week at your job and an additional $300 a week from poker. losing your bankroll here is tough because you lose so much weekly revenue. even if you had a $1000 roll and you decided to replace it $200 a week from your job you would be losing money for a while if you started winning at poker you have to make up for not only your poker losses but your losses from your regular job to rebuild your bankroll.
next I will talk about bankroll needs
__________________
For poker news, strategy, and more, check out my daily column at Examiner.com
Last edited by Steve-O; 01-21-2005 at 01:01 PM.
|