A little look at budget management – now trust me this will improve your game providing you stick to rules…
The good thing about poker these days is there is always a game to be found online regardless of your budget, but not every player stays in their budget range. The problem for a lot of players is that a large majority of people still look at poker as 30 minutes of gambling – but these sorts of player will tend to deposit a certain amount and put the whole lot at risk in a mater of minutes.
So what should we do?
Well, different people deal with this principle in different ways – personally, if I know I have a certain budget to play with, then I like to stick to a few (in my opinion) helpful rules. Say I have a certain amount as my bankroll for one day, in my first game I will look to put between 20 to 25% at risk. So lets say I’m risking 25% in my first sit down, and assume things went badly, so I’ve lost the 25% of my initial budget.
Ok, so I’m down but I’m not out, at least I’m managing my funds, and giving myself the best chance to get back in the game. So now we must go out to play again with 75% of your initial budget remaining – so in order to ensure I last a few more games, I’m going to set myself 25% of what I have left to play with, so even if the worst were still to happen in this game, I’ll still have over half (56.25%) of what I started with, rather than nothing.
However, obviously saying that you’ll lose (at worst) 43.75% of your budget in two games is a worst case scenario – we’re hoping that, with our help, you aren’t losing at all and you’re on your way to becoming a poker shark!
So on this second stage of play, let’s say I’ve had a good win and increased my bankroll – now, rather than go and risk all my winnings, I’ll apply the same rules to what I can risk in the next game. This will mean that regardless of the result in the next game, you’ve still got a good portion of your winnings.
Trust me when I say that small profits are much better than big losses.
Keep this up and you will be making a tidy profit in no time, and even if you fail to win – and with the help on this site in our video lessons section or the information in our blogs, you shouldn’t – then the amount of game-play you will get for your cash, and level of experience will no doubt increase.
How long could, say £100 last on a 25% scale? Let’s work it out…see the handy table on our site. Click here!
So, sticking to this rule we’d get 11 games out of our money – however, this is a real worst case scenario, but does show that for this money you’re getting a lot of gaming experience. Obviously, if you’ve been working through the advice we’ve been giving out, for free, in our videos, blogs or help-sheets, then you really shouldn’t be losing 11 games in a row anyway.
If you have any queries or anything you’d like to ask us – please get in touch through our homepage at www.bethepokershark.com. Alternatively, if you feel you need a little more help with your poker, please remember that all our videos, blogs and help-sheets are available on the site too at no cost.
Thanks for reading, check out more of our blogs here!
Aiden
Watch the video related to Poker
freepoker4cash.com – Free Online Poker Clip of a crazy poker hand. One guy has pocket Aces, another guy has pocket Kings, and a third player has pocket Queens. The 2 other players at the table alos have pocket pairs – 5’s and 7’s. But both have to fold pre-flop. Somehow the player holding Kings makes a sick fold, only to see a king show up on the flop. The pocket aces hold up until the river. And then the old 3 outer hits….a queen on the river to bust this dudes aces….ouch …
Help answer the question about Poker
When playing poker with a total novice, whats the quickest way to win all their chips?I have been playing for about 6 months and going to join a penny poker club where I suspect most people will be fish! Should I use aggressive play or tight play? I suspect tight play is better as they will call too often and catch out any bluffs. The trouble is I may become a grinder and it will take ages to win. Any other suggestions?
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November 17th, 2009 at 1:26 pm
I would suggest you do a search online for poker, but there are many variations – hold-em is currently the most popular. Read up on the basic rules for the types of games and then download some free games to practice playing. You could also download pokerstars or ultimatebet or one of the many others and play in the play money games they offer. The best way to learn is to actually play, reading will help but it is no replacement for the real thing.
November 17th, 2009 at 1:36 pm
??? Yes I agree with you 100% !! the hand must be played, and the 2 cards exposed be show. If 2 or more players acted ( and in your situation…there is) it's called a "significant action" the hand continues.
Where did you play that tournament? I hope this didn't bother you too much and I hope you did good in the tournament.
November 17th, 2009 at 6:47 pm
i take mine in a suit case and a guard
November 17th, 2009 at 8:32 pm
1 in 649,740.
Order doesn't matter, so we're dealing with combinations. The total number of five card hands is:
52c5 = 52! / (47! * 5!) = 2,598,960.
Exactly four of them are royal flushes. 2,598,960 / 4 = 649,740.
November 19th, 2009 at 9:01 am
Nowadays most people look at Johnny Chan, Phil Helmuth, Daniel Negraneu (sp?), and all the superstars and think that poker is a glamorous, easy life that lets you make millions for a day or two of work. Turn on your TV and you'll see three or four different shows, all featuring clean cut guys who don't seem to care if they win or lose, having a great time at their "job". They're earning more than I'll make in 5 years while wearing a Hawaiian shirt and playing outside in the Caribbean! I can think of dozens of people who all claim they wish they could be professional gamblers. They're all fools.
What they don't show you is the 80% of people who try to make a living playing poker and fail. They also don't really acknowledge the fact that a poker player lies for a living, and most are pragmatic to an almost Machiavellian degree. I'm friends with a couple of professional gamblers, and once accompanied one of them to an underground game in Phoenix. I wasn't playing all that great, but that's probably due to the fact that I was playing in a small, smoke filled, dingy, poorly lit room surrounded by people who desperately needed a shower, several of whom were openly carrying firearms. I left after 3 hours, down about $150, and asked my buddy why he played there. He told me they took half the rake of an Indian casino, and then went back to play for the next 18 hours. Even if you're in a casino though poker is a tough, tough way to make a living. Grinding out the rent money on a limit table is, to put it bluntly, boring. The funny thing is that it's exactly like work. What's fun and exciting when you do it for you becomes boring and tedious when it's your job. And that's all that it is to most professional players: a job.
The poker explosion in the last decade has really cleaned up the game. But there's simply no getting around the fact that for every Doyle Brunson or Erick Lindgren there are a thousand penniless bums who thought they were better than they were. And for every final table on the WPT there are a thousand dingy games in second rate casinos and run down apartments. I love poker. I love playing it with friends, sometimes in casinos, and online. But it's just a hobby. To do it as a job is a hard, hard life. I'm not wary of professional poker players, same as I'm not wary of cops or truckers or anyone else who does a hard job. They're at least giving their dream a shot.
For a great reference read Poker Nation: A High-Stakes, Low-Life Adventure into the Heart of a Gambling Country by Andy Bellin. He chronicles some of his experiences trying to become a professional poker player in New York and the experiences of some of his friends. A truly great read.
November 19th, 2009 at 9:47 am
i know what u mean. But not all the sites are scam. some places offer real free poker bankroll. Not kiddin. look there is a lot of good web sites with info about free poker bankroll. Here is a blog with strategys about bankroll management and somo offer for build ur first free poker bankroll.
http://www.freepokerdolars.blogspot.com/
November 19th, 2009 at 10:20 am
hmm good question! the 2 most easy sites to win on are PKR poker and paciffic poker…the bonus on paciffic poker and PKR are hard to get and not very good but the people are so bad it dont matter. Both fulltilt and Pokerstars only give you good bonus's if you play loads every day of every month which can be unfair.
But saying that Pokerstars is the best place in the world for tournaments..they do take for ever though but they have huge prizepools!!! in the recent WCOOP the main event had a 10.2 million prizepool!!! lol!!
hopes this makes sense…
adam
November 19th, 2009 at 11:43 pm
creidet cards paypal moneyorder i think there r some more ways to deposit money use refferal number number pfoe225
November 20th, 2009 at 2:22 am
Take turns being the dealer. Do the raising and calling the same as you would with a regular dealer, you are just taking turns, and the dealer plays as well. It would be cool to have everyone cut the cards after the initial shuffling, or just have the person next to the "dealer" cut them once or twice. we play with just $10 a player, and then split up all the chips so that everyone begins with the same. whoever is last at the table wins it all. The amount each puts in is up to you, but you might not get so many players if you go too steep for the fee. You can play however you want, but that is how we do it, winner takes the pot at the end of the night. Have fun! (and good luck!)