Fastest Way to Build a Bankroll
I've always felt that poker players should always focus on building their bankrolls. As soon as a player becomes comfortable playing where he plays, that player becomes lazy and stops learning. It also places an immediate salary cap on that player's earnings.
Consciously building a bankroll keeps you sharp and ready to play. It gives you something to look forward to and keeps you interested in the game. As a result, you stay focused at the tables and continue educating yourself on poker strategy. It also helps you learn how to manage your money instead of just spending it as it comes.
First thing first, make sure you play at a top poker room like PokerStars. Use a pokerstars bonus code 2011 when you register in order to get the best offers as a new player.
Do not cash out
This probably sounds pretty obvious but cashing out is a major drain on both your current bankroll and future bankroll. Besides the immediate effect of draining your bankroll, cashing out also hurts your future earnings. Every cashout sets you back that much further in moving up to stakes where you could be making even more money.
In the early stages, it's pretty easy to avoid the cashout temptation. If your bankroll is only a few hundred dollars, you can pretty easily get by without cashing it out. The real temptations come as your bankroll grows larger and larger. A $10,000 bankroll is much more tempting than a $200 bankroll.
The best way to stop yourself from cashing out is to keep your bankroll completely separate from your other finances. You can keep a mental separation of your money but it's even better to keep your poker bankroll physically separate from your personal finances. This can be accomplished by playing online and using an e-wallet or by opening a separate checking account for your bankroll.
Focus on moving up in stakes
This may also sound obvious but it's important that you consciously focus on moving up in stakes. Set specific goals on moving up in stakes and keep track of your progress. It's been proven that people who set goals (in all areas of life) perform significantly better than people who don't.
Make it a goal to increase your pokerstars bankroll and move up in stakes. Take a shot every once in a while, but be prepared to move back down if it doesn't work out. Eventually, you'll make it and be able to make the new, higher stakes your home territory. You'll then make more money and be able to focus on moving up to the next level.
Don't rush it
The fastest way to build your bankroll is not to rush it. You might have heard of lucky poker players going on hot streaks after buying in to the biggest game they could find with their whole bankroll, but those stories are as rare as lottery winners. The more you try to rush it, the more likely you'll be to go broke and set yourself back even further.
Now I'm not saying you should take any longer than necessary. The goal is still to build your bankroll as quickly as possible. The best way to do that is to stay within your bankroll, be smart and be patient. You'll do a lot better if you take a controlled, focused approach to building your bankroll.
Go bonus hunting
This is the ultimate secret to getting off to a fast start (assuming you are a winning player). Every poker site on the Internet has some sort of sign up bonus. These aren't small sign up bonuses, either. The average online poker sign up bonus is worth about $500. Alternatively consider getting a rakeback deal like the pokerstars rakeback.
For example, Absolute Poker is currently offering all new players a 150% sign up bonus for up to $500 extra. This means that if you sign up and deposit $300, they'll give you an additional $450 added to your bankroll. All you have to do is sign up with your Absolute Poker referral code.