Learn Five Golden Rules of Bankroll Management to Improve Your Online Poker Play
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Many poker players - even the pros are likely to passionate through for their online bankroll,wasting their weeks or months of winning online poker play by going broke in one two bad poker playing session. And the strong reason behind it is the fact that for a successful online poker play, you need to be more disciplined and controlled than live poker. Because the players are more experienced, play is fast and you can't see anyone when you are in the deep end.
This article highlights some golden rules of bankroll management that will surely help you to improve your online poker play.
1. Play within Your Bankroll Limit
If you really want to make money online, then always play within your bankroll limit. In the online poker, you are playing against everyone else. If you have a limited bankroll against the huge bankroll of your opponents and if the poker was a zero-sum game, you would go broke.
But luckily, if you're a winning player, you can hope a positive return on your investment. But you must have enough money in your bankroll to make the swings and variance irrelevant.
Your bankroll, although finite, must be large enough to seem big. So follow the golden rule of having less than 5% of your bankroll in play on one table at a time.
If you really want to be superb, drop that number as low as 1% or 2%. Most of winning and experienced players play with bankroll 10x that. And if you never need to worry about going broke at a particular game, changes are you won't.
2. Don't Monitor Your Balance
If you are always playing within your bankroll limit, then you don't need to worry about going broke. As you play with chips, not the money. So, you should not worry about the money during your online poker play as it's quite irrelevant. Although, you can easily check your online bankroll balance with a simple mouse click, but it can force you to fall into the trap of micro-managing your account. While, you are on the winning streak, whenever you check your balance, you feel good. As your balance goes up, so does your spirits. But a single bad beat can make your balance go down and then you will feel so bad. Now you want all the lost money back immediately and as soon as you think about it, you have started "chasing your losses." You compel your play to get you back in the leading position and this is your first step towards total self destruction. Especially in poker, making money is like "slow and steady always win the race" and losing money is a quick drop.
So if you are monitoring your balance, you'll fall into the depression of "a week's work lost" or "It will take you a week to get back what you have just lost in an hour."
The best way get it back fast is increase your limits and look for a big score.
3. Pay Attention to Your Game
When you are playing real money games, every session, pot and decision is important and even a little carelessness can cost you a lot of money. And the more you lose from carelessness, the harder it becomes to generate profit and avoid losing.
Limit Distractions: As the name itself suggests, a little distraction can take your attention away from the game and divert it to something else. And when you start playing poker without focusing on your games, you are almost certain to make many mistakes.
All players are different. Some players can play just as well, if not better, while watching a movie. While other players want to shut everything else down to keep their focus on the game.
You must honestly measure your ability for multi-tasking and set yourself up to play in the best poker environment.
Don't Play Out of Boredom: You play poker because you love to play, or because it's a way of your living. But playing poker when you're bored will compel you to make poker your personal entertainment.
Sometimes, poker is not interesting at all. If you're only playing because you're bored, and you're having a boring session, chances are you're going to make wrong moves to push the action.
If you're bored and you don't seriously feel like grinding, then its better not to play poker at that time.
4. Take Care of Your Human Needs
You are human ultimately. And all human beings need regular maintenance and care to stay healthy. So when you are not feeling well, then you are not going to play your best poker game.
Always consider following things during your online poker play:
Hunger: When you're not eating well or feeling quite hungry, you're can't think as quickly or skillfully as possible. Also, the hunger is just one more distraction to prevent from thinking about poker.
Comfort: When you're uncomfortable, you're distracted. So get a good chair, a good monitor, and set yourself up as comfortable as possible. You can also search on the internet for more tips.
Exhaustion: When, you're tired, you can't play your best of your game. And if you're not playing your best game, then ultimately you will lose. So regardless of how good the game is, when you feel quite exhausted, its better go to bed and take some rest.
Mental Distractions: If you have anything which creates a tension in your mind, then can't play your best game. So it's better not to play poker at all until you feel enough normal. Drugs and alcohol are other mental destruction. Having one to two glasses of beer during the games is one thing, but when you are drinking more and paying less attention to your games, you can't win in any situation. It doesn't matter what you think, you can't play your best game when you're drunk.
5. Don't Play When You Feel Any Signs of Tilt Meaning of Tilt: Tilt is the number onebankroll destroyerin the world. When a player lets his/her emotions cloud his/her poker judgment, it's called going "on Tilt." Often, when a player suffers a bad beat or a losing streak, they will go "on tilt." So if you feel any signs of Tilt, then its better to stop playing the game and engage yourself in some other activities. When you feel better, get back to the game and play your best game.
