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Let your bankroll choose your limit

By: jon dom

Bankroll Management: Let your bankroll choose your limit
I hear this all the time from novice players: “Well, I started at $5NL like you suggested, and I won three dollars so I moved up to $25NL, but then Player X hit his flush on me, and then my Aces got cracked, so now I’m taking a break from online poker for awhile…”
It seems like people don’t understand the purpose of a bankroll. A proper bankroll will allow you to keep playing at your desired limit even after you to lose to that river flush, and even after your pocket aces to get cracked by Jack-5 offsuit. So, if you think you’re too good to be playing nickel-and-dime, let your bankroll choose your limit for you:
- Decide your starting investment
- Start playing at a limit as explained above
- Move UP one level when you have over 30 buyins (no limit) and move DOWN one level when you have less than 10 buyins.
This way, you will be able to move up or down fairly quickly based on your skill level, and you will always be in a position to take a 5-buyin shot at the next level upon moving up. These principles hold true all the way up the poker ladder, so I recommend establishing and sticking to a bankroll right from the start.
Keep A Spreadsheet
It’s a good idea to keep track of your bankroll. This way, you can see where you succeed and fail, what limits / sites seem to produce results for you, etc. Most importantly, it keeps you honest with yourself about your results. If you’re a losing player, please don’t worry – it’s a fact that more than half of all poker players are in the red, due to rake. You shouldn’t ignore it or lie to yourself; you should accept this fact, and do your best to find exactly where the leaks are in your play, and fix them.
Personally, I keep a weekly tally of my results under the following headings: Date, site, initial balance, main game, hours played, winnings, bonus/rb earned, comments. At the end of the week, I fill in all the results of the past week, and set the initial balance to start a new week. I find a weekly tally is better than daily because a) its less work b) it takes focus away from the inevitable losing days and thus reduces the effects of variance on your mental state.

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thenks to www.blackjake.net www.casinoebooks.com I AM JUST A GAMBLER WHO LOVE IS WORK AND BUILD A SITE TO HELP ATHERS TO TAKE THE CASINOS MONEY...

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