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NoPayPOKER Free Poker Online: education, Pro Player Money Management Rules, And What poker Games Are Most Profitable
This new free poker online planning lesson looks at how you should approach bankroll management when you play poker online for real cash rather than free poker online tournaments and ring 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. At the core of the matter is the need to be realistic about how much you can risk per poker 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 Goals and 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! What is more likely is that you will lose your bankroll really fast. 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 Concepts
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. When you stick to these percentage rules, as long as you play a solid game your bankroll will increase slowly but steadily. The mistake of some peoples is to enroll in tournaments beyond their means and where lot of players go away without any gain.
It is impossible to win every time. 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. Any negativity must be left aside, there is no place for anger or frustration on a poker table. 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 key to them 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, the funds go up and down slowly, you must be disciplined. Never bring more than 5% of your funds on a table. If you are playing 2 tables then assign only 2.5% per 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. Such tournaments will let you see more pre-flop meaning you can play only the better hands. In games like Turbo's where the Blinds go up fast luck becomes a bigger factor more than strategy and relying on luck means you are gambling and gambling is not good business. 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 give you a good profit but it is not something to rely on as this type of tournament can really hammer your bankroll quickly. The variance (or probability range swings) in MTTs is simply too high and my advice is to avoid them. Perhaps play them every now and then if you feel luck is with you but just for fun with a small amount, maybe 1%.
Vital Tips:
The very first rule is to have fun. Poker is predominantly a game of luck blended with probability, there is nothing secured. When you have no fun, you should stop for a moment, your money is not going to escape. It is best to reload emotionally before reloading monetarily. And practice your bankroll management on free poker sites and exploit all the free online poker coaching you will find there, this can help your massively when you find yourself playing for real money.
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