Odds, Probability & Bankroll
Bankroll management poker
The practice of selecting stakes and game formats that a player's poker funds can withstand through normal variance and losing streaks.
Key points
- Set aside a separate bankroll and choose stakes it can sustain through expected swings.1
- Bankroll management changes variance exposure, not the expected loss of the underlying game.23
- Some approaches use Kelly-style formulas, such as f* = (bp − q)/b, to size bets relative to edge and variance.45
Where this term is used
Related terms
Odds & probability
Poker bankroll management tournament
Tournament-specific bankroll planning for multi-table and sit-and-go formats.
Odds & probability
Bankroll management
The broader gambling term for managing wagering funds in any game or betting context.
Odds & probability
Bankroll management blackjack
Bankroll strategies tailored to blackjack's lower variance and card-counting opportunities.
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Odds of quads in poker
The probability of making four of a kind in various poker games.
Odds & probability
Kelly criterion poker
Applying the Kelly criterion to size poker bets based on edge and bankroll.
Odds & probability
Poker house edge
How the rake and other costs create a house edge in poker games.
Sources
- Glossary of poker terms en.wikipedia.org Defines bankroll management poker and its application to stakes and game selection.
- Money Management Advice - Tips & Strategies for Bankroll Control wizardofodds.com Confirms the synonym 'money management' and explains that bankroll management changes variance exposure.
- Video Poker: Bankroll Size vs. Risk of Ruin wizardofodds.com Supports the point that bankroll management does not change the game's expected loss.
- Variance and Bankroll Management for Player Props wizardofodds.com Provides the Kelly criterion formula used in bankroll sizing discussions.
- Kelly criterion en.wikipedia.org Provides an alternative Kelly formula and confirms its use in bankroll sizing.
Sources are drawn from regulators, universities and published research, and each one is labelled with what it actually is — a preprint is not called a paper. Bookmaker and affiliate pages are never cited here, because a page that sells betting is not a neutral authority on it.