How to Manage a Poker Bankroll

Your Poker Bankroll: Manage it, or Lose it.

In poker, you have one lifeline, your bankroll.

Without it, you can’t buy into any tournaments or cash games.

For this reason, the most important thing as a poker player is to protect your life. Protect your money by learning how to manage it correctly.

The basic rule of thumb in bankroll management is to not put more than 5% of your entire bankroll into a cash game or single table sit n go. For multi-table tournaments, you should not be putting more than 1-2% of your roll on the line for a buy-in.

Under these rules, if you have a bankroll of $10,000, you should not be buying in to any cash game for over $500 and no tournament over $100.

At times, there will be opportunities to stretch these limits slightly but only if the games are VERY JUICY and you know you have an advantage.

Even having an advantage in a game doesn’t GUARANTEE that you will win. Luck is always a factor in poker and if you get unlucky, it can take a huge chunk out of your roll that you will slowly have to rebuild.

I will take shots in multi-table tournaments for up to 5% of my roll if I see that the player list is very weak. I want to invest in games I know I have the opportunity to make a lot of return on my investment.

The downfall of a lot of successful players is not managing their roll correctly. They hit a big score in a tournament and then dump it off in the cash games. Keep in mind, as the stakes get higher, the competition gets better.

I use a program called PokerTracker 3 to track all of my winnings and statistics of each of my individual opponents at the tables.

With PokerTracker, I can see how much I have won/lost at a certain stakes so I can determine my long term average win rate. If you are not beating a certain stakes after 10,000 hands, you will probably never beat it until you improve your game.

Find the stake that nets you the best return, and stick to it to build your roll.

You will lose money and win money on any given day depending on a variety of factors. ALWAYS manage your roll and make sure you are playing your A+ game or don’t bother sitting down. If you are not in the right mental state, YOU WILL LOSE MONEY, and losing money causes a lot of people to LOSE EVEN MORE MONEY. They like to chase their losses hoping to win their money back and in the process, rip their entire roll to shreds.

INCORRECTLY Manages a Bankroll

Just ask Viktor “Isilidur1″ Blom about bankroll management. This gentlemen might be one of the top 5 No Limit Hold’em players in the world, but he simply cannot manage a bankroll.

I am sure he is being staked and he makes some money from his Pokerstars sponsorship, but he is the complete opposite of an example of how to manage a bankroll!

Blom has won $5,000,000 in a week, then lost it all the next.

He is a complete sicko, but that is what separates him from the others at the high stakes.

His problem like many others is TILT.

He goes on big winning streaks, but can’t cut off his losing streaks.

He is only 21 years old, so I don’t blame him.

It must be tough being a millionaire at his age!

If you are serious about developing your game, I suggest checking out some of my other articles I have written:

The Poker Trance: The Ultimate Poker Mindset

Top 10 Reasons You Should Play Poker

Top 5 Reasons You Lose at Poker

My Multi-Table Tournament Strategy

Booking The Win at Final Tables

The $3,000 Guarantee Final Table Takedown

Top 5 Heads-Up No-Limit Cash-Game Strategies

How to Develop Into a LAG (Loose-Aggressive) Player

My Most Profitable Session of Online Poker

Using a Rubberband To Squash Negative Thinking Patterns

Good luck at the tables! :)

“Leveling” Opponents in Poker Tournaments

“Leveling” is a term coined by many poker players as a process of outsmarting an opponent through deductive reasoning and logic.

You try to determine where your opponent stands in a current hand, their current mind state, what they think about your holdings and how much you think this tournament and more importantly the money truly means to them.

All of these are factors if you want to exploit your opponents with aggressive moves deep in big tournaments.

The King of Leveling

As tournaments get deeper, the prizes get larger and many players start focusing on the different pay jumps at different levels.

I am only concerned about winning the tournament, and I will make moves that look super stupid to the average player, but I have to take calculated risks if I want to succeed long-term as a player.

I am willing to lose 20 straight tournaments to book a win in the 21st because the prize for the 21st will completely outweigh the buy-ins I spent on the other 20.

Because of the increasing blind levels in comparison to chip stack sizes, you have to attack pots and add to your stack or you will blinded out and have to rely on luck to stay alive. For this reason, I like to turn up the aggression as the final table approaches.

In order to effectively exploit opponents and “level” them, you need to develop a good read. You need to focus on how players act when you are in a hand, and while you are not in a hand. If you focus on anything except what is going on at the table, you lose the chance to pick up valuable information and tells.

Little details count, even how an opponent stacks his chips can help you determine what type of player they are. You have to size up your opponents if you want to make big moves to take down big important pots in the late stages of tournament play.

As I have talked about before in my previous articles, putting your opponent at a decision for every chip in front of them is the strongest move in tournament poker. Many players are afraid to bust their tournament life, and they are less likely to gamble. Finding these opponents and exploiting their passiveness can net you some easy chips to add to your stack.

There are times where I will shove all in with any two cards if I determine the remaining opponent or opponents in the pot to be weak and passive. 95% of the time they will fold unless they have AA,AK,KK,QQ,JJ and sometimes 10,10. Many players are afraid to even gamble with hands such as 99,88 and lower pocket pairs for their tournament life in spots where I will snap call with these holdings against another opponents all-in shove. Even against AA, my hand is never dead and there have been times where I shove J6o and crack aces by hitting two pair or a set.

No hand is ever 100% pre-flop, so you always have a chance to win. You never are getting your money in dead preflop.

You can also exploit solid aggressive opponents as well.

If You're Not First, Your Last.

Many good tournament players will open any two cards in late position hoping to take down the blinds and antes and add to their stack. If I am sitting behind them and I know them to be doing this, I will re-shove all-in over their initial raise. Deep in tournaments, you are usually sitting with 10-25 big blinds which is the perfect stack size to make this aggressive move. Your opponents will be forced to fold their mediocre holdings and you pick up their initial raise along with the blinds and antes barring an opponent behind you waking up with a big hand which wont happen as often as you think.

Picking good spots to take calculated risks to add to your stack is absolutely essential if you want to win big tournaments. You simply cannot sit back and wait for aces if you want to win. You might min cash with this strategy, but who cares? If you spend $100 on a tournament to just win $250 for a min cash you are leaving a lot of value on the table. You should be shooting for the first prize which could be in the $10,000s.

One big tournament win can change your life financially.

Why would you settle for less than first place?

How to Overbet For Massive Value

In no-limit hold’em, you have the option to bet as many chips as you want in any betting round. You can make a bet, and put an opponent at a decision for every single chip in front of him. While I feel this is one of the most valuable moves in multi-table tournament poker, in this article I will discuss how to make larger than normal bets in cash games to throw you opponents off, and ultimately land you more profit.

In most cash games, you will find players who make bets that are only a portion of the pot. In most cases, this is your best option to give your opponent good odds to call you with an inferior hand. In most cash games, I usually make bets anywhere from the full size of the pot to 1/4 of the pot depending on the situation, if I am bluffing, or betting for value with a good hand.I will size my bets based on opponents tendencies and a variety of other factors including stack sizes and the action in the hand. Read more of this post

Maximizing Your Profit With AA in Short-Handed No-Limit Cash Games

This article is designed for cash-game players. If you are a tournament player, you can find my tournament strategy here.

As the saying goes, you either win a small pot or lose a big pot with pocket aces. I agree with this to an extent, but believe the outcome of how you play your aces is more determined by your skill and hand reading ability. If you are able to read opponents well, you can get away from your aces when you know you are beat, and extract maximum value when you know you have your opponent crushed. Read more of this post

The Three Tenets of Profitable Sports Betting

There are certain “rules” that must be followed when betting on sports, especially if you’re in it for the long-term and not simply betting on the Superbowl because all of the prop bets keep you interested in a game that you’d otherwise have no interest in.

Whenever placing a bet, there are three basic rules to adhere to:

1. Respect Your Bankroll

One of the biggest threats to your success and longevity as a bettor is mismanagement of your funds. In other words, its a marathon not a sprint. The majority of people tend to overstress their bankroll and bet too much on a particular wager.

The rule of thumb when attempting to maximize long-term success is to never bet more than 5%-10% of your bankroll on a given wager.

While this may not lead to that huge one time payout that every gambler so eagerly chases, it will ensure that when that “sure thing” loses by half of a point your bankroll will still be intact to place that next bet.

The key here is establishing a good form of money management. If you are going to follow another person’s bets and advice, then you should probably set up a system of units as to not over bet.

For example if the person you’ve chosen to follow bets $100 per game on average, that is their unit. And let’s say your bankroll only allows you to average a $20 bet per game, $20 would become your basic unit.

Therefore, for every $100 that your “source” bets, you would personally bet $20. I would recommend creating a system where your units are approximately 2%-4% of your bankroll so that you’re average bet comes in around 2 units.

This allows for the occasional 1 unit or 3+ unit bet.

2. Leave Emotion Out of It

Let’s face it, those of us who bet on sports are almost always sports fans on some level or another.

One of the greatest risks to sabotaging your bankroll is betting with your heart. We don’t see our preferred teams through the unbiased eyes that are necessary when analyzing a particular spread. Betting needs to be done with an analytical mind, not with your heart.

3. Learn to Handle Wins and Losses

Nobody has ever won every bet they placed, plain and simple. The key is to remember that the goal is not to win every single bet, but to win more bets than you lose. Adversely winning streaks are awesome, but don’t let them throw you off your plan.

Stick to your system of unit betting. A winning streak can lead to false confidence and in turn result in greater losses than wins in the end.

Booking The Win at Final Tables

Final tables are the most fun and exciting aspect of tournament play.

You have outlasted the entire field to this point and now big prize money is on the line.

As I talked about in my previous article about multi-table tournament play, I want to enter the final table with as many chips as possible.

I am only interested in first place and the big first place payout.

The money bubble and the final table bubble are where I like to pick up a lot of chips. A lot of players play way too passively at these times not wanting to risk their tournament life and be the “bubble boy.”

For this reason, I like to increase my aggression even more and steal blinds and antes without many players playing back at me with less than premium hands.

I like to try to build as big as a stack as possible for the final table so I can dictate the pace of play right off the bat.

I will feel out who the good tournament players are and exploit any weak players who happened to get lucky and reach the final. Because of the big pay jumps as each player gets eliminated, a lot of inexperienced players will not be willing to gamble for their tournament life.

This is something I take into account and try to exploit as much as possible by putting people at decisions for their entire tournament.

I want to be the one putting players at decisions instead of being forced to play the guessing game. It is convenient to be one of the chip leaders because you don’t face elimination if you get it all in against another shorter stack. You are able to take more calculated risks which can help you keep adding chips for the later stages of play that will determine who gets the biggest payday.

Position is of utmost importance as you want to be the last one to act on each street being able to see how your opponents acts before you have to make decisions.

With a bigger than average stack, I will be extremely active in position raising and re-raising players who I feel are opening light trying to take down blinds.

Using a positional advantage, I don’t always need strong cards to take down pots. When I do happen to pick up a monster, I am hoping that my table image will get me paid off. When I appear to be a maniac, players wont be able to put me on a hand, netting me more profit when I do have a big hand and someone plays back at me.

You have to be able to switch gears often and be adaptable to different situations during the final stages. When your stack is under 10 big blinds, it is best just to shove all your chips in the middle before the flop and hope to get lucky and double up.

With 10 big blinds, you still have fold equity meaning when you go all in, players aren’t getting great odds to make a call without a good hand allowing you to steal some blinds and antes. If you get called, you can still win and double up so aggression is still key even with a small stack.

Final tables are definitely a lot of fun and knowing how to play them correctly will ultimately net you some good cashes and hopefully some wins.

While luck is still a big factor like anything else in poker, you are able to control when you want to gamble for chips. This is especially true when you have a bigger stack as you wont face elimination so building a stack by being aggressive before the final table is extremely important.

More Poker Strategy:

The Poker Trance

Developing a LAG (Loose-Aggressive) Strategy for Maximum Profit

My Multi-Table Tournament Strategy

Top 10 Reasons You Should Play Poker

Top 5 Reasons You Lose at Poker

How to Overbet For Massive Value

How to Play AA For Maximum Profit

Additional Strategy, Sports Betting:

The Three Tenets of Profitable Sports Betting

My Multi-Table Tournament Strategy

I have decided to take a break from cash games and work on developing my tournament game, in particular, small buy-in, large player pool events.

The beauty of these tournaments is that they are filled with inexperienced players who don’t know how to play large tournaments correctly. For a small buy-in, you can land a huge payday if you make the final table, and more importantly, win the entire tournament.

My only goal in a tournament is to win. All the big prizes are at the final three spots and first place usually is awarded anywhere between 17-38% of the entire prize pool depending on how large the tournament is.

For this reason, I like to try to accumulate a big stack early so I can put a lot of pressure on my opponents and accumulate even more chips allowing me to play increasingly more aggressive as the tournament gets down to the money bubble.

The money bubble is what will usually define the rest of my tournament. I will either bust quickly or end up in a top spot if I can abuse the weaker players and build a huge stack in the process.

No one wants to go deep into a tournament only to bust out right before the money. This is completely the wrong mentality that too many players have which makes them extremely exploitable.

If I have a big stack on the money bubble, I am willing to open almost every pot with any two cards. It is amazing how many times it will fold around and I pick up the blinds and antes which get increasingly higher as we progress through the tournament.

It is tough for the smaller stacks to play against a big stack especially when I am playing super aggressive and keeping them off guard. I let them play the guessing game while I apply the pressure forcing them to pick up a monster hand or donate me plenty of blinds and antes.

Putting someone at a decision for their entire tournament life is one of the strongest moves in tournament poker.

The dynamic of the blinds increasing at a certain time interval makes it even more essential to accumulate chips or you will find yourself blinding out with little hope of rebuilding a stack.

With less than 10 big blinds, you are forced to shove all-in preflop with a wide variety of cards hoping to get lucky and double up or steal a few blinds.

Without 10 big blinds, you have limited fold equity when you go all in meaning many players will be willing to call your shove with less than premium holdings limiting your ability to steal blinds effectively.

Aggression is more important than the cards you hold. You simply cannot sit and wait for good cards because they don’t come as often as you think.

You have to get in there and gamble. You have to define each players breaking point and how much heat their hand ranges can take.

Sometimes I am willing to bluff my entire stack off if I know there is a good chance the other player will fold and I can take down some crucial pots.

This type of fearless aggression is necessary if you want to succeed in large tournaments. Your table image will be that of a maniac helping you get paid off on your good hands as well. Players will start playing back at your bets and raises and when you wake up with a good hand, you can potentially send them packing.

What I love about tournaments is the dynamic of the blinds raising, people switching tables and players playing too scared to bust out. It creates a necessity to be constantly adaptable to the changing dynamics and adjust your play accordingly.

Tournaments are a lot more exciting that cash games as well.

Cash games generally are very tedious and boring without a changing dynamic. For this reason I like to play a lot of tables at one times and play a set loose aggressive strategy that doesn’t vary very often.

I play them purely for profit rather than enjoyment. Tournaments can get very exciting at the end and they force you to stay focused and play your best if you want to win.

As of right now, I am playing as many tournaments on Lock Poker as I can on my free time. I have had some good runs and cashes so far with a few wins along the way while fine tuning my game in preparation for bigger events that I have won satellites into. If you would like to follow my tournament progress,Click Here.

More Poker Strategy:

The Poker Trance

Developing a LAG (Loose-Aggressive) Strategy for Maximum Profit

How to Play AA For Maximum Value

Booking the Win at Final Tables

Top 10 Reasons You Should Play Poker

Top 5 Reasons You Lose at Poker

How to Overbet For Massive Value

Additional Strategy, Sports Betting:

The Three Tenets of Profitable Sports Betting

Top 10 Reasons You Should Learn How to Play Poker

10. Poker develops your patience:

Sitting in a live game only getting 20-30 hands per hour can be very boring if you aren’t getting good cards. Developing a strong poker mindset can make you a very patient person.

Being impatient at the tables leads to mistakes and mistakes cost money. There will be times where I click the fold button 100 times in a row and there will be times where I am playing AA KK AK and QQ on 4 different tables.

Focus on staying patient then capitalizing on big hands when they eventually come. The best players in the world and the worst players in the world get dealt the same amount of good and bad hands. The winning players separate themselves from the losers by staying patient and waiting for good hands and spots to take pots away from opponents.

9.Poker develops your discipline:

Folding top pair is something very mediocre players have trouble doing. Building your discipline to fold top pair when faced with a re-re-raise by a tight aggressive player is something you need to develop to be successful.

I see too many players lose their entire stack with top pair because they cant get away from it. It can be difficult when you haven’t had many hands in the last few hours and now have a hand that seems very good but may be second best.

In order to succeed and profit nicely from this game, you have to be disciplined enough to get away from a hand when you know you are beat.

8.Poker develops your creativity:

An important aspect of winning at the tables is out-thinking smart opponents. At times, very tricky and creative plays are going to be a necessity to win money.

If your not creative, you are predictable, and even more vulnerable to having your chips taken because other players will know what you have and adjust accordingly.

You have to realize how other players are playing against you and develop a constantly adjusting strategy to counter their every move. You simply cannot play a robotic style without adjusting your game if you want to profit from this game.

7. Poker develops your math skills:

Most people suck at math and they know it.

In order to become good at poker, you need to do basic math on the fly almost automatically. When I am 24 tabling, the math I do in my head is automatic and I can calculate odds without even thinking about it consciously.

I have seen so many situations over and over again that I already instinctively know what the odds are that my hand will hold up.

Math is everywhere, its not going anywhere, and there is no reason to not develop math based logic.

6. Poker develops your power of observation: 

There is so much that goes on in a single hand for such a simple game it can get very mind boggling.

Even when not currently in a hand, keen observation skills are a must to play at an extremely high level. Recognizing tells and opponents tendencies are essential for making proper decisions at the tables. I once observed in a live game the players hole cards to my left 135 different times.

On the 135th time I let him bluff himself into a $1000 pot with Ace high while I was sitting with Aces and his hand completely face up. I didn’t even bother to tell him at the end of the session, and I also cant wait to see him back at a table of mine.

5. Poker develops your intuition:

After playing poker seriously for about two full years now I begin to pick up on things a lot more frequently than I used to. I think I am more receptive to what is going on around me at all times, a feeling of having eyes and ears everywhere almost.

At the tables I begin to pick up on betting patterns and after playing with someone for a long period of time over a lot of hand samples I can begin to almost narrow their holdings down to exact cards. Intuition develops through constant focus and concentration almost at an obsessive level, an obsession to keep developing and improving your game.

4. Poker teaches you how to handle deceptive people:

Poker is a game of trying to conceal your holdings while simultaneously trying to figure out the other players holdings.

Players try to be deceptive as to not reveal their holdings to you. Learning to read people at the table is an essential skill, even the smallest of tells can cost people a lot of money.

In real life, there will be many situations where people will try to deceive you into buying something, doing something you wouldn’t normally do, etc.

I think after playing thousands and thousands of hands of poker I understand how a lot of people think and try to deceive me at the tables. Knowing when someone is deceiving you in real life can be difficult, but noticing patterns in deceptive behavior can help at the tables, and in your development throughout life.

3.Poker forces you to manage and respect money:

For a serious poker player, proper bankroll management is a requirement to have any long term success. Poker is influenced by so much short term luck that not having proper bankroll management will result in going broke.

I like to be extremely aggressive at the tables and I counter that by being extremely conservative with my bankroll.

I wont sit in a cash game if I don’t have 50 max buy ins for the stakes. Losing 5-6 buy-ins in a day is not that uncommon, and with my bankroll I am able to withstand the swings and fight off variance that can last hundreds and thousands of hands.

I respect money but I have built up a sickening disdain for money which I feel is necessary to play at a serious level. I can lose all my chips on 2 tables at the same time but I don’t even have enough time to care because I have 22 other tables to attend to.

I don’t care about the money at all, I feel the same way if I win $1,000 in an hour or lose $1,000 in an hour.

I focus on making good decisions and sometimes good decisions result in losing pots due to unlucky cards.

I have built up so much mental discipline I could talk to you like I just won the lottery after losing the last 7 sessions.

Poker is played with chips, not money. The chips have a monetary value but if you are exercising proper bankroll management, the value shouldn’t matter.

2. Poker teaches you to think long term:

Many players rate each session on whether or not they won money or lost money. This is a terrible way to evaluate your play because you can make mistakes, still win money, and feel as if you played good. On the contrary, you could play flawlessly and still lose a few buy ins.

For this reason, I don’t judge my play by just one session, my poker career is its own giant session. In fact, each hand of poker is a new session and if you can understand this concept, you can forget about every hand you have played in the past and focus on the present hand and how you need to play it effectively.

Downswings aren’t really downswings and upswings aren’t upswings if you view poker this way, if every hand is its own session, there is no such thing as a “swing.

” Too many players get caught up in results of past hands that their current play is adversely affected by what happened in the past. If you are able to look past short term results and make decisions based on long term expected profits, you can play with an even leveled mind and focus on the hands you have dealt to you right now.

Long term winners all have losing sessions but statistically most of these players will win in the long term once variance is factored out. Treat each hand as its own new session and you will stop getting caught up in past results and focus completely on the task at hand.

1. Poker teaches you how to deal with losing:

Many people get upset and angry when they lose a big pot with an unlucky river card. This emotional state usually leads to even more losses as players try to “chase” their losings and end up losing more in the process.

In order to beat the game, you have to understand that even the best players in the world have losing days, losing weeks and even losing months. Losing one big pot is not the end of the world when you have a deep bankroll lifeline behind you.

If you let your emotions tie in to how you play poker, your game will be negatively affected. When I get unlucky and get sucked out on for a big pot, I don’t even flinch anymore, I have learned to detach from emotions at the table and play every hand the best way possible regardless of the monetary outcome.

If no one got lucky in poker sometimes, no one would play as all the highly skilled players would have all the money. Luck is one factor that keeps the games running and once you begin to realize that you are going to have to lose sometimes, you can begin to deal with and keep your emotions in check and move onto the next hand.

More Poker Strategy:

The Poker Trance

Developing a LAG (Loose-Aggressive) Strategy for Maximum Profit

My Multi-Table Tournament Strategy

Booking the Win at Final Tables

How to Play AA For Maximum Value

Top 5 Reasons You Lose at Poker

How to Overbet For Massive Value

Additional Strategy, Sports Betting:

The Three Tenets of Profitable Sports Betting

Top 5 Reasons Why You Lose at Poker

Poker is not an easy game.

It has been said that close to 90% of people that play poker are long-term losing players.

Why is this?

In this article I will outline the top 5 reasons why an overwhelming majority of players don’t show a profit in the long run. This article  is geared toward short-handed 6-max No-Limit Hold’em cash games, but generally can be applied in tournaments as well.

5. You play far too many hands out of position.

A flaw that many players have is they play far too many hands out of position. When you play out of position, you give your opponent the advantage of seeing how you act before they have to act.

This gives them an informational advantage and can use that advantage to exploit you. I am a huge advocate of playing in position and I think it is more important then the cards you hold. It is a lot easier to deduct an opponents hand range when you are in position and this will enable you to pull off more successful bluffs and more importantly maximize your value bets when you have a good hand.

One of the best poker players Phil Ivey has been quoted saying “he would not even want to play his grandma out of position.”

 4. You don’t make smart bets.

Making proper bets is essential to be a successful no-limit player. You want to maximize your value on your big hands and defend your hand properly when it is vulnerable to being drawn out against.

You don’t want to give your opponent good odds to chase his hand when you have him beat already. When you make a big hand, your main goal is to take your opponents entire stack. To do this, you have to size your bets properly on each street so it is easy to get stacks in on the river without over betting the pot.

I notice a lot of players with big hands bet too small because they don’t want to scare their opponents away.

Likewise, they also try to bluff with small bets that give their opponents good odds to look them up. Missing value in bets is the same as losing money and in the long-run it will negatively effect your win rate.

3. You check/call more often than bet/raise.

Most good players are very aggressive. They would rather bet or raise than simply check or call. Aggression is key for a winning poker player.

It gives you initiative to pick up pots when you don’t have a hand and it allows you to maximize value on your made hands. It also makes it hard for opponents to develop good reads on your play because you are always betting and raising and they will often be confused by what those bets and raises mean when you do it in a controlled aggressive fashion.

When you only check or call, you give your opponents the opportunity to take pots away with their own aggression, and you lose value on your good hands by not raising. Timed aggression is key, and it can win you more pots than by playing too passively.

2. You don’t practice proper bankroll management.

Proper bankroll management is essential if you want to play winning poker.

Without a proper bankroll, you will eventually go broke.

Luck plays a big factor in poker and a bad run of cards can wipe out your entire bankroll if you don’t manage it properly. Standard bankroll management says that you should not put more than 5% of your entire roll in a single cash game or single table sit-n-go tournament and no more than 1% of your entire bankroll in a multi-table tournament.

Even the best players in the world would go broke in the long-run if they didn’t abide to these rules because of the natural variance of the game. The more buy-ins you have for a single game, the better and there is no such thing as being too conservative with your bankroll.

1. You are prone to tilting. 

Tilt is quite possibly the biggest bankroll killer in poker. Tilt occurs when your play deteriorates due to your emotional state.

This can result from a string of bad beats, losing big pots and not being in the right mental state during your poker session. During a session, there should be no other focus besides poker. Any lapse of focus can cost you money.

Tilt causes you to lose focus and concentration. You may begin to make bad decisions to chase losses or simply due to the fact that you are not playing level headed. You cannot be results oriented in poker. Being results oriented will make you disappointed when you lose a pot you were supposed to win. You have to focus on making the proper decision regardless of the outcome. Letting your emotions factor into your play at the tables will ultimately negatively effect your results.

 Work on eliminating mistakes to improve your overall game and bottom-line:

Solid winning players have put in a lot of time into studying the game and more importantly applying good strategy and observation to their play at the tables. They carefully analyze their play and are brutally honest with themselves about where their skill level compares to their opponents. They wont invest in games they know they simply cant show a profit in.

Simple mistakes will cost you money. Eliminating mistakes is essential for any aspiring player. In the long run, if you make less mistakes than your opponents, you will come out ahead. Poker is a long term game and should be treated that way.

Your results in the short term should have no effect on your emotional state if you can come to terms that eventually you will come out ahead if you are making correct decisions. Studying and evaluating your own play and eliminating the common traits of losing players will propel you in the right direction and net you a profit in the long run

More Poker Strategy:

The Poker Trance

Developing a LAG (Loose-Aggressive) Strategy for Maximum Profit

My Multi-Table Tournament Strategy

Booking the Win at Final Tables

Top 10 Reasons You Should Play Poker

How to Play AA For Maximum Profit

How to Overbet For Massive Value

Additional Strategy, Sports Betting:

The Three Tenets of Profitable Sports Betting

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