• Chang is a big fan of discipline bankroll management rule. From 2007 to 2009, Chang has built his live bankroll from zero to twenty thousands in 20 months. In 2007, he started his poker career by playing freeroll cash games and tournaments in local poker clubs in Seattle, Washington, USA. Then he gradually moved up stakes.
• 301 Moved Permanently.

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The most common question poker newbies ask is about bankroll management:

• How big should my bankroll be?
• How much money should I win before I move up?
• I can hock my mom’s wedding ring – is that enough to go pro?

So, we thought it was time to write up a bankroll management guide.

In all honesty, it should’ve been the first thing we published. Because managing a bankroll is one of the most important skills a poker player can learn – sort of like the life-skill of knowing how to balance a checkbook.

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If you don’t learn how to do it, you could end up like one of those deadbeats you hear about on PokerNews.com. Like T.J. Cloutier, who reportedly sold one of his WSOP bracelets on eBay because “he lost more money playing craps that he ever made from playing poker.”

You don’t want to end up like that, do you?

Now, you might say he has a ‘gambling problem.’ And, you’d be right. But part of managing your bankroll is not blowing it after you leave the poker table.

“Hard as it is for some people to accept, most of our poker career takes place away from the poker table. If you spend a year building a bankroll, and then blow it one night on the crap table, you are a lousy poker player.”

– Steve Badger

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But we’re getting ahead of ourselves. Let’s learn to crawl before we learn how to walk, yeah?

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The question we’re going to answer in this guide is, how large should my poker bankroll be? And the best way to answer that is to figure out what variables and expenses your bankroll will need to cover.

Before we get into this, we want to point something out. It’s not going to matter how much money you have or what your bankroll management is like if you’re a losing player.

Losing players are always going to lose money (even if it’s a slow bleed). The only way to fix this problem is to become a breakeven (or better) player.