Earn From Poker

You may have heard of the importance of managing your poker bankroll, but why is it so critical to your success? The answer is very simple, you can’t continue playing if you have no cash. As simple as this concept is and sounds, mismanagement is probably the number one reason why people fail when it comes to playing poker.Redeposits back into the poker sites is very common as players are trying to win too much too fast.

The term bankroll is basically an amount of money that you use for playing poker and nothing else. Money needed for necessaties like clothing, food and rent should never be used. The amount that you choose, should be an amount that you are comfortable losing playing poker. When it comes to managing my poker bankroll, here is what I would suggest and personally use. 

SNG (Sit n Go’s) – I use 2% or 1/50^th of my bankroll for each buy in. For example if you have a $1000 bankroll then you should be playing $20 SNG’s

Multi Table Tournaments (MTT) – I used 1% or 1/100^th of my bankroll for each buy in. The reason for this is that usually in MTT’s they only pay the top 10% so you will be cashing less often and you will have more fluctuations  with your overall bankroll.

Cash Games – Use only 2% or 1/50^th of each buy in. As an example if you were playing $1/$2 NL, the buy in is usually 100 X Big Blind so in this case $200. In my opinion a bankroll of $10,000 is needed at these levels.

Now I know some of you are saying that this seems a little exaggerated and farfetched, but if you stick to these guidelines then you virtually eliminate the possibilities of having to redeposit ever again in your poker account. Poker can be a roller coaster ride at times and you will inevitably go through some losing periods. These downswings can force you to you make bad poker decisions especially if you don’t have enough money behind you to get through them. The old saying “Scared money is losing money” is so true.

If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com

I’m sure the word TILT is nothing that you haven’t heard before even if you are new to playing poker. In a nutshell, being on TILT means that you are no longer thinking clearly or that something occurred at the table that has made you mad. A few things that could set someone on TILT are :

1.       Taking a Bad Beat  – Getting your cash in the pot with the best hand only to be outdrawn by a  worse hand

2.       Being shown a Bluff – Sometimes after you fold your opponent will show his terrible hand which can trigger emotions of anger and frustration

3.       Drunk Players at the Table – Although it’s fun to play against people when they have been drinking as they tend to make errors, listening to them yap away is enough to set anyone off

4.       Trash Talker at the Table – This is a tactic some players use to get under your skin. They constantly berate you at the table hoping to get an edge and make you do something stupid to lose all of your chips. (I’m really not a big fan of this approach, but it is effective for some)

That was just a few examples of things that can put you TILT. If for any reason you find yourself TILTING it’s best to take a break and walk away from the table. Poker is a game of incomplete information where we try to make the correct decisions. If you’re not thinking correctly and making bad decisions then you stand a good chance to lose a lot of money. Having the right “Poker State of Mind” is crucial to your long term poker success. Here are some other examples of things to avoid:

1.       You should not play if you are tired

2.       Don’t play if you are drinking or have been drinking

3.       Avoid watching TV while playing

4.       If you are surfing the web or answering emails, you really shouldn’t be playing

It can sometimes feel like forever waiting for hands to play so we tend to do other things. If you are an onine player and find yourself getting bored, my suggestion would be to play a few tables at the same time. This will increase your chances of getting good starting hands to play and eliminating boredom. If you find yourself not focussing and lacking concentration then you should probably quit for a bit. You really shouldn’t worry about it, you know you will always be able to play again tomorrow.

If you are interested in learning more about being a Winning Poker Player, You can sign up for my FREE SNG Poker Training Course “From Fish to SNG Pro in Only 17 Days” by visiting http://www.sngtrainer.com