Archive for October, 2009

Octo19

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The Importance of Bankroll Management

Knowing when to quit is an important factor of being a successful poker player. There is no doubt that every good player know exactly when to walk away from a table, and in order to be at their level you need to learn this particular aspect of the game. Bankroll management should be carefully integrated to your overall poker-playing strategy to help you make tough decisions in difficult times.

Having a solid bankroll management strategy will surely help away from a table when you are losing and you can no longer afford the risks. It will give you a clear guide to calculate your standings and make decisions when you really need to. If you are winning, you can keep going and put more chips in your pockets, but you can quickly decide to walk away when you are bleeding whites. Having a good bankroll management will also prepare you for one of those times when you are losing but you know you can still recover anytime soon. Let’s say you are down $1000. If you walk away, you walk away with $1000 losses. If you can calculate your risks and be sure that you are still in the safe side you can continue playing and stand a chance of making more than $1000 of a profit at the end of the day.

Having a good bankroll management as part of your overall strategy will also help you play less emotional game. You are in control of your money and playing strategy, you know exactly what you are doing, and you will not have to deal with unnecessary emotional rollercoaster that each hand brings. You will emits less tales, have an overall cool aura surrounding you, and end up playing better games and making better judgments no matter what hand you are holding.

Octo02

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Winning a Poker Tournament

Allow me to tell you a story about a good friend of mine. I have to say she is an excellent poker player — yes, a good female poker player — and have won countless games against other players in various occasions. The one thing she never actually succeeds in doing is working her way through poker tournaments. I didn’t understood the reasons why she never go further than the second or third round until recently; being a great poker player is simply not enough to win a poker tournament. I had a chance to see her playing the WSOP day-2 and I can clearly see she is a short-term kind of player. She entered the tournament with no strategy, and focuses more on winning the current table she’s in.

If you are serious about entering a poker tournament, you must first realize that tournaments are long-term poker games with a lot of tables and countless opponents to beat before actually making to the final nine. Winning one hand at a time may be a good micro strategy, but you need to look at the bigger picture at the same time. Surviving a table just won’t cut it; you need to gather enough strength (read: chips) to survive the next round. Even if you survive the day, starting the next day with small amount of chips will get you eliminated before you land a good hand.

You must come up with a good strategy. You can be aggressive when you are confident with your hand to score some big wins. Keeping your game tight is good, but you still need to be irrational if not random from time to time to avoid letting your opponents read your plays like an open book. With a proper strategy, you will be advancing further and winning a poker tournament just like that.