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Effective management of one's bankroll is crucial for becoming a successful poker player. You can prevent going bankrupt and sustain playing and skill improvement over time by managing your bankroll well. When playing poker, it's crucial to have a separate bankroll and to never risk more than you can afford to lose. A typical guideline for managing your bankroll is to never stake more than 5% of it on a single game or competition. By doing this, you can shield your bankroll from fluctuations and make sure you have enough cash to play through difficult times. Not to mention, knowing exactly how much you win at games and how much variance there is is imperative.