Posted in Poker October 31st, 2008
Winning Online Poker Bankroll Strategies.
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Managing your poker bankroll is a key factor to online success, yet the clear majority of online players fail miserably in doing so, thus stacking the deck against themselves without realizing the importance of knowing which games to play and how much to risk at any given time.
The absolute best way to manage your own poker bankroll, is to use someone else’s money, then your total risk is limited to profits already won from opponents. If you are just starting out this may be confusing because a lot of professional tournament poker players and writers will recommend having say 50 or 100 buys-ins compared to your game of choice. In a sense that is true, but if you want to play $5 buck sit and go online poker tournament strategy and learn the game a little, a $500 deposit is a tad unreasonable and really not very realistic.
This is one of those areas where pro players lose touch with the little guy and place outrageous expectations and rules as to how to play and manage their online activities. No, for someone just starting out $50 maybe $100 bucks deposit at a time is plenty enough. For green players, I can tell you from experience that by depositing more than this, human nature will be pulling you to higher limit tables and tougher competition.
So how do you get other’s players money in your poker bankroll accounts when you’re just starting out? You earn it! You play the low stakes games like $1 and $2 buck sit and go tournaments or the .25/.50 limit hold’em tables. If you cannot win money from opponents at this limit, then why would you make a money losing mistake and go to a higher limit? Why not start with the 50 bucks and work very hard to double it. Get to $100 or $200 in your account, then start playing $.50/$1 limit holdem and $5 sit and go tournaments. Plug your way to a 500 dollar account.
I should say here to be clear - this may not be easy to do, but it really isn’t rocket science either. The good thing about OPM (other players’ money) is that if you get to $500 from your original $50 deposit, you’re likely to value it more as hard earned poker money and think twice about moving up to faster, harder, stronger levels and risking too much against superior players.
By working your way up levels with accumulated winnings you are really earning your way up because you have proven to be able to adapt, learn, and control your own emotions at the tables in any level you have tried. If you are a profitable player, you have already then joined the ranks of the very few and those skills learned at low limits can be carried forward to more profitable levels.
This entry was posted on Friday, October 31st, 2008 at 9:05 pm and is filed under Poker. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.