Playing
Online Poker-Within Your Limits |
Always play within your limits - NEVER
repeat never - play with money you can't afford to lose.
Set yourself a limit either monthly (best after
initial deposit) or at least a total amount you can afford to
lose - and don't go beyond it - if your happy to play with what
you'd have spent on a couple of nights at the pub then set that
as your monthly limit on your account (most poker rooms have settings
for this).
Managing to blow your annual budget in one night
doesn't bode well - face it, your shark food and you need to read
up and improve before you throw more cash away.
If you set a monthly recreational budget then
you will either lose money affordably or you will win steadily
- your will have a 4king good time either way.
Never try to win back your loses by cashing up
the rent or anything else you need - you won't play optimally
and you will surely only lose more.
Dont blow your bankroll
Ideally you should aim to have 10 / 20 times the
tournie entry fee or max buyin for the games you want to play
- so for $5+0.5 SnG's this would mean a bankroll of $110 or for
a $25 max buy-in 0.25 cash game thats would be at least $ 250.
This is basically to give you room to play at your chosen limit
with sufficient funds to balance out the fluctuations ie. keep
going when you've lost some.
I would suggest making a good sized initial deposit
so that your not playing yourself into a corner from the start
- constantly having only enough for 1 or 2 games left will mean
you play poorly and end up cashing up again.
So a realistic first deposit balanced against
your monthly limit so that it averages out within your budget.
So your doing ok in the low stakes games - why
not head up a level or two?
If your finding fish and making
money moving up too soon could be costly, your suddenly gona find
your shark food and that nice little margin you've built up will
be gone - remember poker is one long game not just one session
or one hand - as shown earlier you need to have sufficient to
balance the fluctuations in your bankroll. Moving up a limit of
two increases the required bankroll as well as the potential profits.
Make enough money at a lower limit to cover the
10/20 times rule - then move up.