In this article I will talk about money management, bankrolls, and
minimizing loses. These are all important concepts when
playing poker but they all revolve around the same principals.
You must limit your loses, hold on to your winnings, and most
importantly always leave your self outs.
You should only play games that your bankroll will allow. If
you have 200 dollars to play with for a month you don’t want
to lose it all in the first week playing a 5-10 no-limit game.
The average pot in these games would be about the size of your
bankroll. You should play lower limit games that match your
bankroll.
Minimize your losses. I have seen players loose a big hand, go
on tilt and loose their whole bankroll in one night. If you
ever get angry because of a bad beat or loose a lot of money
quickly you should take a break. A lot of mental energy will
be used up worrying about your bad luck, this will effect your
game in a negative way. I recommend going for a walk or even
quit playing for the day. There will always be another game
tomorrow.
Protect your bankroll. Not every player needs a bankroll. If
you only play on occasion with extra money you probably don’t
need to worry about this. But if you are a player who wants to
make a good income from poker your bankroll is an asset. Lets
say you start with a bankroll of 500 dollars at a poker site.
Now after a week of winning you are up to 2000 in your
account. You take out 1500 and go buy a new TV. That is fine
but if you get on a bad streak you can easily loose the 500
you still have. Then you will have no bankroll and wont be
able to play. This happens to a lot of good player, and if
they cant play they cant win anymore. This can put an end to
your poker profits.
So just remember that poker is a game of swings. You can win a
lot but you can also get on a bad luck streak and lose a lot.
Just watch your bankroll, manage your money, and always leave
yourself outs.
------Suggestion-------
Remember to think about your bankroll before each time you
play. Think about what will happen if you loose all your money
in your account. Will you want to deposit more money you cant
afford to lose? Are the stakes of the game so high it you
loose a big hand you will be out of chips? Just think before
you start to play about the worst case scenario and you should
have less bankroll problems.
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