In this free online poker games lesson you will learn how to manage your bankroll when playing online poker for real money as opposed to free online poker games. Of course the principles also apply to free online poker and I advise that all new players should sign up for at least one free online poker site as they are the perfect places to practice your game and bankroll management, however the focus of this how to play poker lesson is money games where your skill in bankroll management is the largest single factor in deciding if you are profitable or bankrupt.
Bankroll Fundamentals
Some basics first. Your bankroll is the money you have in your poker gaming 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 Objectives
Increasing our bankroll is the primary goal. Yet, in their impatience to achieve this, many players make the error of entering poker tournaments they cannot afford to lose at. The prize pools in a lot of multi table tournaments are very attractive. The big temptation is that if you win your bankroll shoots up, unfortunately this is a rare event! You will lose all your bankroll in a short period of time if you don't follow the rules. Then, with no money you will be stuck doing very small freerolls in order to get back again and that is a long and boring road.
Bankroll Principles
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. If you play the recommended percentage, you will see your bankroll increase more slowly but surely. The mistake of some peoples is to enroll in tournaments beyond their means and where lot of players go away without any gain.
It's a fact that it is impossible to win every game. That's why when things do not go well at all, it is preferable to stop play for 1 hour and do something else. By the time to get back game situation may have changed and be in your favor. Focus on leaving negativity aside, anger or frustration in poker games is a sure way to lose it all. Opponents can spot this sort of weakness like sharks smelling blood and will not be slow to take advantage you.
Cash Game:
Cash table games are the main game many play. They can be long duration and boring at times and you will find all styles of player in them. You need to know how to adapt to each type of players in order to win as frequently 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 risk more than 5% of your cash in a cash game. If you want to play on 2 tables, take 2.5% of your funds at most for each table. It is unwise to play more than 2 tables as you will lose focus on either your cards or opponents.
Sit n Go:
The sit n go can be profitable when you know what sort to play. Find tournaments where there are large stacks and the play is normal speed, by this I mean Blinds increase every ten minutes or so. These tournaments will let you see more pre-flop so you can play only the good hands. When the blind goes up quickly (Turbo games), luck becomes a factor more than strategy. In this case, playing bingo would be the same.
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 (or probability range swings) in MTTs is simply too high and my advice is to avoid them. Maybe play them every now and then if you feel luck is with you but only for fun using a small amount, perhaps 1%.
Critical Tips:
The main rule should be to have some fun. Poker is mainly a game of luck mixed with probability, there is nothing certain. When you have no fun, you should stop for a moment, your money will not escape. It is best to reload mentally before reloading monetarily. And rehearse your bankroll management on free poker sites and benefit from all the free online poker coaching one can find there, this can help your profoundly when you find yourself playing for real cash.
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