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Poker – Bankroll Management

Managing your poker bankroll should be at the top of every poker players list of priorities, and with the right plan you can reduce the risks of losing a lot of money.

Here we will discuss the key elements that make up a successful poker bankroll and provide you with useful information so that in time will hopefully make you a nice bit of profit.

Play Within Your Bankroll

Remember that poker is a game of patience and discipline. And it is important to always play within your limits in a game that you feel comfortable playing. Playing above or below your bankroll can have different effects on your playing style and can often change the way you think. For instance if you play at limits that are above your bankroll. It may cause you to tighten up your game. Leaving you open for other players to take advantage of your tight playing style. The same can also be said for playing below your bankroll. Playing below your limits can often loosen up your playing style, which over time can have a negative effect on your game.

Set Rules And Stick To Them

If you are just starting out it is important to set yourself a few rules and boundaries. Why? because temptation can often gets in the way of your thoughts and feelings and can often leave you with empty pockets. So set some ground rules and stick to them. Don’t move up to the higher limit tables just because your having a good day. Wait for a good day before you play at higher tables. If you are on a losing streak, don’t pull money out of your bank account to continue playing, you should wait for a good day.

Wait until a good hand has been dealt to you and don’t go in heads first. Take your time and play patiently.

Don’t chase your loses

If you do lose a hand, don’t chase your losses. Don’t pull more money out of your bank account to try and make up for your losses. Take a break and wait for a good hand to come along. If you are playing online poker, make sure that the site is running a good game, otherwise you are just giving the advantage to other players at the table.

Check your bankroll

Every player should have an adequate bankroll to play at their desired limits. If you don’t have the required bankroll, you shouldn’t be playing at high limits. If you are losing you should consider sitting down at a lower limit table and playing there until you have built your bankroll up.

You should always sit down at a table with the amount of money you can afford to lose, and the amount of money you will be comfortable risking. The chances of you going broke with a lot of money in your bankroll are much higher if you have a lot of money in your bankroll.

Take advantage of bonuses

Most poker sites offer bonuses to their players. Take advantage of these bonuses and use them to build up your bankroll, or you can take advantage of your bonuses to take advantage of higher limits. You might also consider taking advantage of triple Guaranteed tournaments offered by some poker sites. You can win a lot of money without risking too much of yourself.

These bonuses are probably the best deal when it comes to getting a potential edge over the poker site. Take advantage of them.

Multitabling

On occasions it’s worth it to play at more than one table. You may be able to improve your odds per hand. You might also find that you have more spare money then one table, so you can play two or three tables at a time. You have to dedicate all your attention to just one table, but if you’re winning one table you’ll still make more money than if you had played three tables at the same time.

Doubling your money

Many of the poker rooms offer a chance to double your money when you sign up and make your first deposit. When you make the first deposit, you are offered a 100% bonus up to a certain amount. They even offer you a bonus is you make a second deposit. When you make the second deposit, they will also give you a bonus. These bonuses can get you a lot of money in your bankroll.

Play On multiple tables

On Christmas day, I decided I had a few minutes to kill, so I logged into Party Poker and double my stack. This got me motivated to play on a different table. When I was playing on a different table I found it much harder to win. With less players in the hand, there’s less chance of taking bad beats. It’s possible to move all-in with A-K against a tougher player, but the move will have to wait till your very next hand.

Drawing to fold

This can be really hard to do at times, especially if you have a mediocre hand.

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