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BLOG: Poker Tips, Bankroll Management and More (PART 23)

Tags: blog, blogger Ronin`s Renegade Blog.
Blog post published on 01 July 2014, written by Ronin`s Renegade Blog.
Ronin`s Renegade Blog avatar
Ronin`s Renegade Blog
Leonard E. Spencer "Ronin Harper" from Canada born in 1968

Welcome mobsters, if you are reading this blog for the very first time, I thank you for your initial interest. I think that if you give it a little time, you will find something that will peak your interest.

I am a semi-pro poker player and an author. I am currently working on several projects for publication, and will be discussing them on occasion in this blog. If you are a fan then I warn you, from time to time there will be spoiler book ideas discussed.

Section 1: Poker Tips & Concepts
These poker tips are aimed at the beginner or amateur level poker player.

1. Don't stay in a Hand just because you're already In It

Many players make the mistake of thinking that, just because they have already put money into a pot, then they have committed themselves to stay in till the river.
Not True! You can't win a pot just by throwing money at it. There may be cases when pot odds warrant a call, but if you're sure you're beaten, and there's no way your hand can improve to be the best hand, you should fold it away immediately. The money you've already put in the pot isn't yours anymore, and you can't get it back just by playing a hand all the way to the end.

2. Don't Call at the End of a Hand to "Keep Someone Honest"

This tip goes hand in hand with the last one. I cannot even count how many times I have seen someone look at my river bet and then say "I know you got me, but I think I should call just to keep you honest," as they throw in a final call. It might be worth it to see if a player really has the hand if you're not sure and the amount to call is small enough, or if you are making the call to learn information that will help you later on, but if you really feel a player has the hand he's representing & you're beat, then why the heck give someone another stack of your money?

All them keeping them honest bets will add up to allot of money over time.

Until next time

Section 2: "Ronin's Bankroll Management Challenge"
Well this section is going to be familiar to the forum regulars as I have been running this section for awhile in the forums, It is about the single most important skill a poker player must have in their arsenal in order to be a successful winning player.

Bankroll Management has been estimated to be the single most neglected poker skill by almost 95% of all players. Countless books have been written on the subject, and yet most players most often just ignore the rules of proper bankroll management.

I too fall into this trap at times.
This section is intended to show how proper bankroll management can ensure that and good poker player who approaches his bankroll and poker play from a solid and disciplined position can succeed.

It also is intended to help me to remain focus and discipline in my own bankroll quest to succeed.

Update time:

G'day mates

the new plan is a simple one.

The challenge will run for 8 weeks, Monday - Friday.
I am going to try to play 1000-2000 hands a day.

Going to try and maintain a minimum buy in level of 40 buy ins for whatever current base level I am playing on at any given time.

I will take a two table shot at moving up in stakes whenever I have my 40 buy in's + 4 buying for the next higher level. During the shot upward move I will only play two table maximum and will have the auto rebuy feature turned off. If I lose the 2 attempted buy in then I go back to playing the lower limit until I once again build back up to at least 40 + 4 buy in's again then repeat.

Once I have 40 full buy in's for the new upper level it will become my new base line level.

Yes I will also play so small Mtt's but the buy ins will be a 1-5 ratio. That means with a $100 bankroll I can play in a $1 buy in tournament with a $5 stop lose in place, so I will allow myself to lose no more than 5% of my total bankroll on any given day of play in Mtt's.

Hope this explains things well enough for you mate.
Best wishes.
Be cool
Ronin

Week 5 will be played starting Monday 30/06/2014.

Until later amigos.

Section 3: The daily rant
Why the heck is it that whenever there is a great sale going on, it is just after a person has just paid all their other bills? I really get annoyed at how company's all seem to like holding all their best sales on the first weekend of the new month. We can they not realize that people have almost all of the damned bill do on or right after the first of the month.

The only thing I can figure is that they are hoping to cash in on people who just get a once a month fixed income check from whatever source. It matters not if it comes from government, insurance, or an investment revenue source, responsible people will always pay their rent and such first every month which means they will have very little left over for frivolous so called sale items.

I personally am tired of seeing how friends of mine keep over extending themselves with credit card debts because they mistakenly think a sale is just too good to pass bye. Credit cards are not free money people they are debts which must be repaid and the interest payment will far exceed any savings from the sale you tried to take advantage of over a very short time. If you are not going to pay off your credit card very fast then you are robbing yourself of you future prosperity.

Give it some thought.

Well until next time, be cool.

 


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2 comments on "Poker Tips, Bankroll Management and More (PART 23)"

 doubletop77702/07/2014 10:19:48 GMT
I often fall into the trap of staying in the hand just because i have put chips in and i think it is a good lesson to learn when to just give up and save them for another hand.
 RoninHarper03/07/2014 07:30:51 GMT
G'day mate

Well I would say that you are in the majority.
It seems that most beginning players fall into that trap.
Even I fell into that category for a time.
Best wishes to you.
be cool

Ronin Cool

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