Ignition Casino
No Better Time To Sign Up & Play At Ignition Casino!
Ignition represents one of the most well-known brands in the U.S., and are one of the few iGaming companies that offer both online poker and casino games to Americans. In fact, the site averages well over 1,000 to 2,000 cash game players (MTT players are included in this figure) during peak times and is one of the biggest poker sites in the world despite only accepting United States customers.
How To Manage Your Tournament Bankroll
When you think about poker, what do you think about? Strategy? The big stars in the business? That feeling you get when you step into the casino – or log in to play online at Ignition Poker? These are all good things to think about, but there’s something even more important you should consider: Bankroll management. No dough, no show.
Chances are you’ve already learned some standard rules of thumb for managing your poker roll: 20 buy-ins for cash tables, 1% of your bankroll for every tournament you enter. That’s a fine starting point. It’s not enough, though, especially when it comes to tournament play. With the World Series of Poker starting this week, let’s take a moment to brush up on this important concept before you pop into the Rio and start throwing money around.
Flow State
First and foremost, do you actually need a bankroll for poker? If you have ample revenue coming in from other sources, you can divert some of that cashflow to fund your poker adventures. The same general caveats apply: Don’t gamble with money you can’t afford to lose, and try to spread it around a number of smaller buy-in tourneys instead of dumping it all on one high-roller.
If you’re a dedicated “poker pro” with no other source of income, you absolutely need to think about bankroll management – even if you have tons of money squirreled away. Every business, including the poker business, comes with a risk of ruin attached. With poker, the risk is built into the game. Cash players can use online calculators and the Kelly criterion to give them a good idea of what size buy-ins are appropriate for both their performance levels and their risk tolerance.
Outstanding In Your Field
Tournaments require a bit more savviness. The same basics apply, but now you need to consider the size of the field as well. You have to make it “in the money” to get paid in tournament poker, and you’re going to finish ITM only around 15-20% of the time; the smaller the field, the more likely you’ll cash in at that frequency without falling victim to variance, so you can handle higher buy-ins and turn them over with more regularity. Giant fields like the WSOP Main Event incentivize you to devote a smaller percentage of your bankroll so you can weather those dry spells.
Don’t forget about the psychological impact of your bankroll choices. If you’ve got all your money riding on the Main Event, every decision you make at the table will be stressful. How much stress can you handle? You might find that your mathematically optimal buy-in is still too high for you to handle mentally, even if you’ve got your poker strategy down pat. Don’t let this happen to you. Play as “over-rolled” as you need to feel comfortable at the table, and let the chips fall where they may.
