Posts tagged Bankroll
Poker Strategy – How to Avoid the Trap of Losing Your Bankroll
Jul 1st
One of the most important aspects of playing poker is to build your poker bankroll. The primary reason any serious poker player plays the game is to make a profit. Avoiding losing your bankroll will ensure that you have the opportunity to continue to play.
After all, if you lose your bankroll, you will have to find ways to make more money to continue to play poker. Moreover, if you do not carefully protect your bankroll, you may become desperate and take money that you can not afford to lose to supplement your poker bankroll.
Building for Profit
There are many theories as to how you can successfully build a poker bankroll and continue to play so that you have the opportunity to make poker a profitable and potentially full time income. However, utilizing solid poker strategy and common sense is the best way to build and add to your poker profits.
If you continue to throw money at your poker career and fail to build a bankroll, you will eventually find yourself in a desperate financial situation that will inevitably cause you to play even worse, in an effort to recoup your losses.
This is why it is important to adapt a poker strategy that you commit yourself to sticking to and avoid certain financial ruin. Many good poker players are merely one or two hands away from great wins, if they would use discipline and control.
Disciplined Timing
Sometimes, it is not the hand you are playing right now, but the next hand or the one after that which can catapult your poker career. Therefore, you want to play solid enough that you can reach that next hand, instead of committing yourself too much to any single hand too early in any game.
In many cases, learning to fold a monster and learning how the table is playing is the peak of a professional poker player’s career. Protect your bankroll and focus on the fact that your next hand may just be the one you need to take down a huge pot.
Learning the disciplines of poker is the key to success, along with protecting your bankroll. If you are able to slowly build your bankroll over time, you will find that the discipline and good pokier strategy you learn along the way will help to propel your poker career into the next higher level.
In addition, learning key poker strategies in online poker can add more to your bankroll and potentially give you the opportunity to play in larger live tournaments. Take time to learn good poker strategy and methods to protect your bankroll. After all, that is the only way to stay in the ‘poker business’
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You can also discover the secret algorithms used by poker sites and how you can use them to build your poker bankroll in Paul Westin’s Online Poker Code Crack.
The Stress Free Way to Build a Poker Bankroll
Jun 15th
When you have a desire to build a poker bankroll then you are fundamentally breaking one of the rules most professionals set forth, that is you are focusing on the “results” or the money. Most professionals say you have to be more focused on making the correct plays while at the table versus how quick or how fast your bankroll is growing. The reason they say is logical, poker is a game of statistics, which means there is a measure of luck involved. However, over the long term the correct statistical decisions will prevail over luck. But, in the short term the right decisions may not be the ones to win money and the wrong decisions will sometimes win you money. This psychologically can wreck havoc, on a new player and some experienced players. These short term illogical swings are enemy number one for the player looking to build a poker bankroll.
To combat this you will want to employ good bankroll management techniques as you build a poker bankroll. These are the techniques that I use and I can tell you from experience it definitely minimizes stress. One way to make sure that if you go on a “downswing” that it’s not in anyway detrimental to your bankroll. You want to make sure that when you start playing poker that you have at least 40 buy ins available if you are playing ring games. For the sake of this article we will be focusing on cash games and ring play. 40 buy ins means if you are playing at tables that allow a maximum of $10 dollars at the table when you sit down, then you should start with 40 x $10 = $400 in your starting bankroll.
Your goal is to focus on the next level of play which may be the $20 dollar tables. Before you step up to the $20 dollar tables you will want to grow your bankroll to 40 x $20 = $800. Although your focus is to build a poker bankroll, and earn more money be sure to have fun along the way. At this point you are most likely a winner at the $10 tables, when you step up there will always be a new set of players you are playing against and a new set of skills to master. If you are not able to master these skills quick enough and you start to go on a downswing then be sure to step back down to the $10 tables. A good rule of thumb for build a poker bankroll says, “If you lose more the 10 buy ins then step down to the level below where you are at”. The idea is to preserve your bankroll that you are building and to hopefully get back to the previous level where you had been successful.
Once you rebuild back to the 40 buy ins take another shot at the next level of stakes. As you continue to learn the game of poker, with practice, and patience you will soon be playing in the $50 buy in and the $100 dollar buy ins. At these stakes by being even a small winner you should be able to earn at least an extra $2,000 to $3,000 a month. Some people even turn pro at the $50 games earning as much as $5,000 a month play poker. Build a poker bankroll, the most stress free way possible by having and maintaining good bankroll management. Before long you will see yourself stepping up the ranks in the online poker world.
Brandon Edgar — is an avid online poker player. If this article has helped you to build a poker bankroll and you want to get a free strategy guide to grow your bankroll from $100 to $1,000 then visit http://www.quickbankroll.com.
The Key Elements Behind Casino Bankroll Profiteering
May 11th
Destroying self casino ego
If you’re a true methodical strategist then you’ll understand self casino ego. This involves the player and the background mental goal of achieving victory over the house, this gamblers weakness serves the idea behind chasing dreams and financial loss. Engineered by greed, casino self ego has provided nothing but burden to many of my early online casino profiteering endeavours.
When you walk into a casino or log into one of the many online casinos then your intentions from the green light must be clear and precise. 85 percent of the revellers that haunt the atmosphere of the gambling environment are lost without cause and hell bent on collection, this lack of reality can only reinforce the losing edge these people have.
The trick is to establish mindset from the beginning, a directive character with the notion of winning and yet partially holding the knowledge of possible failure. You are not here to win millions, you are not here to lose everything, you are here to profit from your involvement. Lose the self casino ego and the belief that you can break the casino in half, don’t chase profits and dwell upon loss. It’s important that from here on, you open your mind to both directions, the better and worse.
Casino bankrolling is business, business is profit possibility
Now that you’re thinking straight and thinking like a true player, the scrutinization of your bankroll must be considered. The bankroll forms the backbone of any casino campaign and it is essential that you can manage it, losing your bankroll over and over again can become costly and degenerative. It’s also what allows the casino boss to drive his Ferrari home from work in with a supermodel riding shotgun. Remember your place, you are the minority now and your goal is to achieve long term profiteering status.
Pie Slice Method – This division of bankroll micro management is an effective procedure that can be utilised to embrace profiteering over the long haul. We firstly take our bankroll and form a division of six pie slices, for example a bankroll of £120.00 will become £20.00 segments of our bankroll formation. It is important to understand that your bankroll is your hobby allowance, all hobbies cost and you must grasp this concept early on. There is no free lunch and the beginning will always require a buy in, think of it as your business allowance and build it slowly.
Using pie for profits – shrinking and growing methods
Shrinking pie strategy – as your bankroll falls
First slice of pie – This £20.00 is your reckless money and can be used as you please with little thought or control, high stakes poker, big double swings on roulette you name it. This can sometimes bring in major hits and win falls.
Second and third slices of pie – Means money allows for the next £40.00 as your bankroll reduces can be used to play within your means. Stick with slots that require no more than 10 percent of this £40.00 per credit. Play roulette with bet placements of 20 percent of your £40.00 and no more.
Fourth and fifth slices of pie – Conservative credits that now call for certain actions, this section of the bankroll is now entering the 50 percent loss margin. Playing sharply and within no more than 5 percent of your margin.
Sixth slice of pie – Critical credits – the downswing should have ended by now but if you find yourself in this zone then it’s time to employ severe patience. Using cautious betting patterns and avoiding open plan games like roulette can help you survive this rough storm. If you can’t climb out then you’ve gone bust and you should have heeded warnings from earlier positions. Hard luck but necessary as this will train your mindset of financial control.
Now the important thing is not to watch the profit pie shrink but rather to grow, so when we double up on card games or smash a jackpot on the fruit machines games, it is important to shelter the profits. You basically reserve 20 percent of your winnings as a self treat salary and then you re-evaluate the pie into six new slices. This time the slices are of more value and so in time, your direction towards high stake gambling and huge jackpots for larger credits are more open to you.
This is how you build a profiteering casino hobby.
Discipline to finish
It’s all right having a nice bankroll plan and some words of inspiration to keep you grounded at the tables but without self control it’s checkmate for the house. Remind yourself of your limits, never stray beyond the stakes of your bankroll pie segment and never chase dreams or financial loss.
This takes practice to perfect and order to correct as you’ll have good days and bad days but the ability of elimination through lack of bad choice will improve your good day ratio ten fold. It’s the characteristic of self control that many gamblers fail to employ when they hit the online casinos. This bankroll system requires the most important aspect of all when it comes to building the blocks of your casino campaign online, the patience to profiteer.
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Poker Strategy Article: Managing Your Online Poker Bankroll
Mar 13th
My internet poker playing friend was out of town a few weeks ago, and couldn’t get his regular site to work well, so knowing I had extra cash in my Party Poker account he asked for a hundred bucks to play there during his visit. Sure fine. A few hours later he lets me know he lost 2, $20+2 SNG tourneys in a row, both by bad beats. His intention at that time was to go into a $30+3 to try and make it back. He is a good player so I wasn’t about to lecture him on his bankroll, but herein you will find exactly that.
The skills involved in managing your bankroll effectively are basic math, dedication to learning the game, the humility to drop down a level, and anger management. Seriously.
The above scenario is no doubt very common. In fact, poker sites love reload players like my friend. The players who know they are good, make that, “too good” to play within their own bankroll are the most profitable. Inevitably, not managing your bankroll, no matter how good you are, will result in failure. By the incontestable laws of probabilities and mathematics, this is undeniable. It doesn’t matter if you are playing with a hundred bucks or a million, the result is always the same. It has been widely reported that a certain multiple WPT champion has repeatedly played over his bankroll and blown his WPT winnings. It happens on any level, as the principle is the same.
You will need basic math skills to the tune of knowing what 2, 5, and 10 percent of your bankroll is. No matter what your game you should never be playing with more than 10% of your bankroll. For example, if you deposit 100 dollars into your account, you shouldn’t take more than $10 to any game. This is going to limit you to .50/1.00 limit hold’em, or $5 to $10 SNG’s. You could also play an MTT for that entry, but I don’t recommend that because it would be unlikely for you to place in the money. If you think you can lick this game right off and deposit $1000, then you can bring $100 bucks to any table for play. Still, this is not recommended. If you are learning, you should learn to move up to that level, rather than buy yourself into it. Trust me, you will want to avoid the painful strategy of buying yourself into a higher limit.
Enter humility.
Your humility should allow you to play at a level that forces you to become proficient and earn yourself a bankroll to move up. If that means .25/.50 hold’em, then that is your challenge. If you are going to learn, learn cheap, learn smart, and earn your way up to the next level. You will feel so much more confident when moving up a level in having conquered the level before it. Others will have paid to get in that level, and those opponents will be at your mercy.
On the other hand, once you move up a level and find yourself struggling, you need to go back down a level and refocus your efforts and education. When to do this exactly, is a question of math. If your bankroll has not increased at your new game level and comes perilously close to that 10% guideline, it’s time to back up. Don’t let it get below that level, because once you break the guideline once, it’s much easier the next time, and the next, and the next… This will lead to mismanagement, and reloading. Here is an example: You deposited $100 and started with the 5 buck sit and go circuit and skillfully built your bankroll up to $250, where you correctly decided to move up to the $10 SNG tables. You played 7 tournaments at that level and only placed once with a second place showing. This has dropped your bankroll down to $203. Although another $10 entry is well within 10%, it is more than 5%, and since you haven’t performed well, you should gather your humility and understand that there is more to learn. In this case, I would go back to the 5 buck SNG tables, and work my bankroll up to $300, before attempting your next move up. Once you reach that goal, and have proven yourself a better player, you will also have more bankroll room at the $10 level.
It is an invaluable experience to care for your bankroll in this way. I have done this several times when my bankroll needed it to the point now that when I sit a SNG table, I know that through my dedication of learning the game at each level, I am a favorite to place in that tournament. This may sound of a drastic move, but treating your bankroll with the utmost respect is the key to success.
To play is to dedicate.
It isn’t going to be easy to double your bankroll at this level. Your commitment and dedication to each stage involves learning, patience, and intense observation. and is a supreme test of your core personality. Think this is overboard? I have seen players losing it to the point of me stopping them from punching a wall or tossing a laptop. These are otherwise normal acquaintances.
And then there was anger management.
This is not a funny movie. This is about battling that desire to make up lost ground by moving up a level, not down. This is where you need to know the value of your cards before you shove an all-in play at that maniacal player who has raised you yet again. By the way, at that point, he is usually holding a monster and has trained you like a monkey to step right in. If you are playing within your bankroll, losing your temper is never really an issue, because losing a game or a hand to a bad beat or poor play is not going to cripple your account. Many of your opponents will play their entire bankroll at a table or a tournament and you can take advantage of this, because in that situation, they will NEVER be able to make optimal decisions. You can surely imagine though how they will be tilting the moment they lose a big hand, because that one hand may represent 75% of their whole bankroll. Tilting after you lose a big hand in such a scenario, is pretty much inescapable. Their mindset is already looking forward to another reload, as they mentally prepare themselves to exit the table with nothing. I have seen this literally thousands of times online.
It’s in the math.
When I say maximum 10%, I really try to play with 5% or less. For example, I usually have between $2,000 and $4,000 in my party poker account. When I have more I withdraw down to about $2,500 because I, personally, never want to be below $2,000 as that will restrict some of the tables/events I play at. Let’s say I have $2,500 now and want to play in the Sunday Million which has an entry fee of $215. Therefore, $215 divided into $2,500 = 8.6% which is within the 10% guideline. However, let me tell you why it’s STILL the wrong decision to pay for that tournament. If that is how you are investing your bankroll, you need to realize the likelihood of playing that circuit profitably. In other words, you have basically 10 chances to place that tourney. You may very well be able to do that however, it is not unusual to go through 10, 20 or even 40 tournaments without placing – even for the pros. If multi table tournaments are your game, you should be looking to have a bankroll of about 50 buy-ins. That is how dry tournaments can get. Using the 50 buy-in formula, you should have $10,000+ in your account to pay for the Sunday Million.
Think of it this way. If you are good enough to profit in this tournament, then you should easily be able to win a qualifier to get in it for about 5% to 10% of the entry fee. If you can’t win one of those tourneys, filled with rookies, then you have no justification for paying the big tourney entry fee outright.
Improving your game and learning strategies at each level are clearly imperative skills in managing your bankroll, but one depends on the other, so in essence you need to train yourself in both and reap the rewards as you advance.
Marty Smith is webmaster of http://www.PokerCalculatorReport.com where all the online poker calculators are tested and reviewed, including Sit and Go Shark, Calculatem Pro, and Poker Spy. He is also editor of http://www.PokerBookReport.com