Poker Bankroll Management | Don’t Waste the First Big Money You Win At Poker
Don’t Waste the First Big Money You Win At Poker
I recall the moment I bagged my first sizeable score. It was back in the year 2025, in June, where I bagged the $640 Party Poker for approximately $250k. This was the initial Sunday Million tournament prior the Sunday Million introduced later by PokerStars.
I won the last hand with Q9o against K9o, the board rolled out QKQxx. I couldn't hide my excitement and next instant I was celebrating the win with my family.
The timing was awesome considering we had moved into a new house, our very first just the month before. This was a big win considering that the few years I had been professionally playing poker, I had won nothing more than $15.
I gave some of the cash to my family, my brother and also parents, I paid off some debts like car payments and credit cards too.
I was doing well at that time playing games of medium to high stakes online, for instance the $30/ $60 no Limit Hold'ems of $5/$10 and I made a commendable living. Due to this, I did not see any reason of trying the big games. I was cautious in poker because of my wife and child and a mortgage to settle, sand although my bankroll was not that bad, I felt I could invest the money elsewhere.
I made a decision to read a couple of books regarding investing and ended up buying some mutual funds and also stocks, since I wanted the future secured. An investment that would require my attention all the time was the least I wanted, but my key focus would simply be poker. The investments I made are still going strong.
This is different on how a good number of players in the poker community would approach this. Most of them could have simply started playing big to see whether they could win much more. This is simply not the wisest way for any winning players to take, but it's simply dependent on the situation of the player.
At that time, I invested for the future, and I have no complains with regard to the decision I made.
Reflecting on what I did, I sometimes wish that I had taken a sum of the cash and tried bigger games although at that time, they were merely $100/200 limit or maybe $10/$20nl it was probable UB could have $25/50nl at those times, but their games were shady back then so not playing on that site was a good decision.
I have all the time been a winner player, therefore there was logic in trying some higher games to see how I could fare, had I taken the gamble, perhaps I could have gone high.
There is a risk in being over aggressive in a game of poker, and this is something that a good number of players do the moment they get a big sum of cash.
It is either they play excessively high, or play in some games that do not favor them. (Winning 6 figures in some tournament is not evidence that you can comfortably beat all high and tough games). Again these people focus on playing negative games that include sports betting, blackjack, sportsbetting among others, or simply they spend extravagantly.
The substantial sum of cash they had is gone soon or later and they are left to wonder where it all went. I propose look for those games with less risk amounts if you dream of making the most out of the new bankroll you have.
A couple of years later, we moved into another bigger house, and I won within a month another Sunday major, a $132k. I have not won a significant tournament online for a while, and I am working hard to convince my better half we move again.
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