NoPayPOKER Free Poker Online Games: Coaching, Pro Player Money Management Rules, And What Poker Games Not To Play
This new free poker online planning lesson looks at how you should approach bankroll management when you play poker online for real cash rather than free poker online tournaments and ring games. The same principles apply to free poker and if you are new to the game then free online poker sites are ideal places to practice bankroll management but the focus here is on cash games where how well you manage your bankroll is the difference between solvent and broke.
Bankroll Basics
Some basics first. A bankroll is your total funds into a poker account. You’re never safe from a series of bad beats, so the principle is to have a bankroll large enough in relative terms to keep you in play even if you do suffer a nasty series of bead beats. The key is to be realistic with the amount that you can bring on a table per game. It is essential not to risk more than you can afford to lose as that inevitably results in frustration which is turn leads you to lose more.
Bankroll Goals
Growing your bankroll is your main objective. The mistake that some players made is to enroll often in tournaments they cannot really afford. The prize money in the multi-table tournaments are often very interesting. If we win, our bankroll rises dramatically but this is rarely the case. What is more likely is that you will lose your bankroll really fast. Without money in your account, you will have to do freerolls, which is not very interesting.
Bankroll Concepts
At most you should risk 5% in Cash Game tables and no more than 2% on Buy In at Sit n Go and Multi-table tournaments. When you stick to these percentage rules, as long as you play a solid game your bankroll will increase slowly but steadily. The mistake many make is to try and go too far too fast by risking too much of a percentage, they lose (which is more often than not in poker) and the bankroll gets cleaned out before it can be replenished.
It’s a fact that it is impossible to win every game. As a rule when things are going badly it’s good to stop playing for an hour and do something else. When you will return, the game may be in your favor. Focus on leaving negativity aside, anger or frustration in poker games is a sure way to lose it all. The other players will know quickly that you are vulnerable and will not hesitate to take advantage of this weakness.
Cash Game:
The main game many play is the Cash table. They can be long duration and boring at times and you will find all styles of player in them. We must know how to adapt to each of these players in hopes of winning out as often as possible. Overall cash games will pay you more money in the long term than tournaments. The important thing is not winning big but winning often.
Even if you only scalp a small win the key is to leave with a profit. In cash games you will find that your funds go up and down slowly so it is essential to be disciplined. Never bring more than 5% of your funds on a table. If you are playing 2 tables then assign only 2.5% per table. It is unwise to play more than 2 tables as you will lose focus on either your cards or opponents.
Sit n Go:
Sit n go’s (SNGs) can be good earners when you play the right type. Find tournaments where there are large stacks and the play is normal speed, by this I mean Blinds increase every ten minutes or so. Such tournaments will let you see more pre-flop meaning you can play only the better hands. When the blind goes up quickly (Turbo games), luck becomes a factor more than strategy. If you play with luck then you may as well just play roulette.
Multi-Table:
Multi-table tournaments look very attractive but most players will go away having taken a loss. Luck can sometimes be on your side but it is best not to abuse it because in this kind of tournament as you will learn, your money can go down quickly. The variance (swings of fortune basically) is too high, I advise you not to risk your money on them. Perhaps play them every now and then if you feel luck is with you but only for fun with a small amount, perhaps 1%.
Fundamental Tips:
The best rule is to have some fun. Poker is predominantly a game of luck mixed with probability, nothing is guaranteed. If you have no fun, you better stop for a moment, your cash is not going to disappear. It is better to reload mentally before reloading monetarily. And rehearse your bankroll management on free poker sites and make the most of all the free online poker training one can find there, this can help your profoundly when you’re playing for real cash.
Filed under travel and leisure by on Aug 14th, 2011.
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