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At sites like Bovada and PartyPoker, freerolls are provided as part of the welcome package while other sites like America’s Cardroom hold sit n go freerolls every day for all players to join in. Bovada Casino offers new players the chance to take part in freeroll poker tournaments. Sometimes poker sites have terms for their freerolls, too. The exact terms vary from site to site. For example, we’ve seen sites who say their freeroll winnings are not cashable. But you can cash out the money you win with it. Others say you need to wager so many dollars before you can cash out, while others say you need to make a nominal.
After you’ve played a few freerolls, chances are you’ll have cashed or are on the brink of your first one. Which means you’ll want to know this:
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Most players will want to parlay this into a bankroll. To move up in stakes and start playing games that aware real money prizes.
And that’s a great idea. But, only if you’re ready.
For one thing, you should only make the jump if you’re comfortable with your poker skills. It won’t be a huge transition, moving from freerolls to real money games. But it’ll help you a ton if you have the basic MTT fundamentals and strategy down.
Then there’s your bankroll.
We don’t recommend switching to real money games with a tiny bankroll. It’s great that you’ve won $10 or $20, but you’ll struggle to find traction if that’s all you take with you to the micro stakes. A bad bout of variance will send you to the showers.
Instead, we recommend having a minimum of $100 before making the switch to real money games. This will give you 20 buy-ins for $0.2/$0.05 or $0.05/$0.10 cash games, or about 30-50 buy-ins for the $1-$3 SNGs.
We recommend playing SNGs because they’re great for learning MTT fundamentals. They’re much easier on your bankroll, too.
But that’s only one-half of the battle. You also need to learn how to manage your bankroll, unless you want to go back to playing freerolls. You can learn about bankroll management here.
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And there you have it. That’s how you can build your poker bankroll and launch your career playing freeroll tournaments.