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Old 07-07-2007, 08:05 PM
PokeReader PokeReader is offline
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Join Date: Oct 2006
Location: Vote Hustling
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Default Re: my harsh and life-changing introduction to the world of poker.....

Bankroll management is totally undervalued in poker. It without question is the difference between equally skilled groups of poker players, who make equally large scores, but one group always has money, and the other always end up broke. I think considering how crucial this is, alot more should have been written about it. It is just as important as playing well in the long-run. Most players don't even have an idea how large a bankroll is statisically neccessary just to minimize the variance of going broke, and that is if you are willing to drop down, which most players find difficult. There were some scary charts in the first Schoonmaker book I have always remembered. The amount of money you need to essentially eliminate the possibility of going broke, even with dropping down, was so large as to be completely impractical.
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