Pokertics

April 22nd, 2010 at 4:17 pm

5 Tips to Building A Bankroll

in: Poker

1. Multi-table Action
If you are ready to increase your bankroll and take your game to new heights, it is time to start doing more multi-table action. That means you can play more than one table at the same time. All you need to do is make sure you can concentrate on the total amount of tables you have open. Say for example you are playing only one table at a time. You could open two tables and double your profits. If you are already playing two, you can open three at once and see how it goes. The main thing to remember is that you should not try and make a huge jump. Take small steps and it will pay off huge.

2. The Step System
This is a good way for small stakes players to take a shot at winning a lot of money relatively quickly. This involves minimal risk at the beginning but will put you to the test if you want to take it a long way. Here is the idea: say you only have a poker account with $100 or less. You cannot just put your entire bankroll on the line to play one game, but you can take a small amount, like $5, and try to build it into a lot. The idea is simple, just play a $5 sit n go tournament and see how you do. If you get first place, that means you have turned $5 into $25. Now, take the $25 and enter another sit n go tournament for the full amount. If you win that, you will have over $100. Of course it might not happen like that and you might lose, but the idea is that you will only ever lose the initial $5 you once had. It is a bold move to try, but it could pay off huge.

3. Moving up the ranks
It is every online player’s dream to get to the next level. Everyone wants to make more money online and get to those awesome high stakes games. The main rule of thumb once you get the the higher levels is that you want to be able to cover yourself if you go on a bad losing streak. Generally speaking, you need to have between 30 and 50 full buy-ins for the levels you are playing. That means if you normally play cash games where the max buy-in is $50, you want to have around $1500 - $2500 in your bankroll to cover yourself. This will save you the misery of moving up to quickly and losing everything.

4. Writing Player Notes
This sounds very trivial, but you can write down notes about the people you are playing with and remember the things they do and the way they play, you can learn how to battle against them. It is foolish to fall for the same trap many times by the same players. Don’t let it happen to you.

5. Having a Short Memory
This means that when you lose a big hand that you should have won (you took a bad beat), you need to forget about it instantly and get right back to it. Do not go on tilt. This will kill your bankroll. Sometimes the best thing to do after a really bad beat, for a large sum of money, is to just quit. Either that or blow off some steam in a micro level stakes table.

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