Joined: Jun '11
Location: Venezuela, Bolivarian Republic of
Age: 45 (M)
Posts: 223
Money Management I've never been as conservative about money management as most successful people are. I don't think your bankroll is the only factor you should consider in deciding whether or not to play in a high limit game. If the game cries out to be played, in if it's a good game, you feel good, and if you aren't tired, you should try that game even if it is higher than you normally would play. And you should stay in it until the game becomes bad or you grow tired. Of course, you make that decision within reason. Any time you extend your bankroll so far that if you lost, it would really distress you, you probably will lose. It's tough to play your best under that much pressure. I prefer using judgment on individual games rather than hard rules, but if you want such a rule, I would suggest you not play $10 limit until you have at least a $1000 bankroll (not the buy in). In No Limit, you'll usually want a bigger bankroll for a game of the same general size. In a No Limit game with two Blinds of $5 and $10, I'd say you need at least $2,500. To play No Limit $5, $10, $25 and $50 (Four Blinds), you'd need about $10,000. It's been a long time since I was broke, but the way I always got broke was by playing with desperation money. I let myself get into too much of a hurry, and played in games I didn't have the bankroll for. If you have a limited bankroll, be very certain to get the maximum amount of gamble you can for your money. That's an important factor to consider in picking your games. If you have only a Small amount of money to invest in a game, and if you have a wide choice of games (like you do in Las Vegas), you may be better off playing a small No Limit game than a high Limit game. If you have $10,000 you can afford to lose in one game, you might be better off risking it in a No Limit game, simply because if you do get lucky, you can win real big and your bankroll might get healthy fast. When I buy into a No Limit game, I want to have as many checks in front of me as anybody else at the table, or more. I'm not afraid, and you shouldn't be afraid, of getting drawn out on a hand and going through the whole stack. All your efforts in Poker are directed toward getting in a position to bet the maximum amount you can on the hands that are worth it. When those opportunities do occur, you don't want to be limited in the amount of action you can accept. Always play for Chips, rather than cash. Chips are easier to win. A $5 chip is the same size as a $500 chip it's just not the same color. If you bet a man $20,000 in $500 chips, that's only forty chips, two stacks. But if you bet him $20,000 in $100 bills, it would be a big pile of money, and would tend to freeze him up. The way to get a person to convert to chips is to point out to him that it takes too long to count out the bills. It's the truth, and a legitimate reason to change to chips, though not really the reason you're doing it. It's also to your own advantage to think of chips as units, and not as money. You may consider your money status before the game and after the game, but while the game is in progress it is only a game, and the chips are just units. You're trying to win as many units as you can.
Joined: Mar '14
Location: Japan
Age: 49 (M)
Posts: 8946
Thank you very much for the information. Bankroll management is without a doubt one of the most important elements to become a successful game player. Wishing you the best things in your future to come.
Joined: Jan '09
Location: Italy
Age: 53 (M)
Posts: 3871
Posted by Tony_MON7ANA: Thank you very much for the information. Bankroll management is without a doubt one of the most important elements to become a successful game player. Wishing you the best things in your future to come.
Thank you very much for your useful answer to his useful informations.
This kind of posts/thread is really what tjhis forum need to be the best in gambling world.
wishing you the best in your future to come.
/ironic mode off
stop with this meaningful posts/thread to both of you
Joined: Mar '14
Location: Japan
Age: 49 (M)
Posts: 8946
Posted by magatt966: Thank you very much for your useful answer to his useful informations. This kind of posts/thread is really what tjhis forum need to be the best in gambling world. wishing you the best in your future to come. /ironic mode off stop with this meaningful posts/thread to both of you
Posted by magatt966: Thank you very much for your useful answer to his useful informations. This kind of posts/thread is really what tjhis forum need to be the best in gambling world. wishing you the best in your future to come. /ironic mode off stop with this meaningful posts/thread to both of you
Joined: Jun '11
Location: Venezuela, Bolivarian Republic of
Age: 45 (M)
Posts: 223
I will make many important quotes from many books and good authors, players, without belittling their point of view and less of the criticism of the foristas ... jejeje greetings and keep posting quotes from good books.
Posted by waoz: I will make many important quotes from many books and good authors, players, without belittling their point of view and less of the criticism of the foristas ... jejeje greetings and keep posting quotes from good books.
How about no, please don't do that? Spamming and opening meaningless threads left and right won't get you far here.
