Today you will learn two new concepts: the management of your money and your bankroll. They may look the same, but they are not, especially for those who want to be a professional poker player.
Money management: what is it?
Do feel a lot of theories about money management, such as ‘stop until you’re winning’, or ‘set a loss limit at which you stop.’ However, since one of the key concepts to win at any poker game is the selectivity, why would you ever get out of a good game, simply because you’ve already won, or why you should predetermine arbitrarily tot lose money?
The only truth about managing their money is this: If the game goes well and you are one of the favorites, continues to play, if the game goes wrong and six of the underdog, forget it. Even when the game is going well, and your skill level matches or exceeds that of their opponents, but you feel that you are not playing to the best of your ability, forget it. It does not matter if you are winning or losing, you always play tomorrow.
Managing your bankroll
How much do you need?
Bankroll management, not to be confused with that of his own money in general, is a very serious matter, which can have major implications on the choice of making a living playing poker.
If your intention is to build yourself a career, you should see not so much as a poker game, but as the start of a new business. If you are in the capital, the risk of ruin increases in inverse proportion to your money. Instead continues to build up your bankroll until you get adequate capital. In this way will increase your chances of succeeding.
Said figures, we are talking about a bankroll of at least 300 to 400 Big Bet. From 500 to 600 is better, especially if you are early in your career as a player. Remember, we are talking about a bankroll dedicated to just poker. Does not include expenses for food, rent, clothing or vehicle loan. For that you need a different capital. We recommend that you set aside a mountain that money to cover these expenses for a period of 12 to 18 months. At the end of this period, you should have started to earn enough to be considered a part of your winnings as income. You can consider yourself a true professional once you have achieved this goal.
How much can you expect to earn?
The interest in poker is growing steadily, and in turn there are more and more players, opportunities abound, and if you want to turn online poker into a profession, perhaps there has never been a better time than this.
By playing cash games, and playing well, you can expect to achieve approximately a big bet an hour, but it is an expectation that requires an excellent game. Not just a good game, but a kind of fear, every single day. Corresponds to $ 40 per hour in a game 20 $ -40 $, and $ 60 per hour in a 30 $ -60 $; whether these figures are sufficient for your lifestyle, you know only you.
In the lower limit games you can probably earn more at the time, while the games in the top level earn less, because the players are better. In games with higher limits, type 100 $ -200 $, you can not expect a big bet an hour. If you are an experienced player, can probably make half to three quarters of a big bet an hour.
These figures are calculated net represent how much you can expect to win after putting aside the rake and the tip to the dealer. Even if the rake is a much higher percentage of average pot in games cheaper, the quality of play of your opponents will be lower than you might expect from more expensive items, and you should then be able to compensate with the winnings.
Online game Game Versus Earth
If you play in land-based casinos to live far away from the major centers of gambling, you will be hard to find games with higher limits. The higher limits that you will be more or less between 20 $ -40 $, $ -20 $ 10 or less, and the ‘big game’ does not take place every day.
If you want to play games at really high levels, like 80 $ -160 $ or higher, you’ll need to head in the large cities, such as Las Vegas, Los Angeles or Atlantic City, otherwise you will have to connect online and find the high stakes in cyberspace you are looking for. There are high stakes games online? See for yourself. At some sites are no-limit from 200 $ -400 $, very large lots.