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Money & Risk

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Take a break when things go wrong

No matter how good you are, there will always be days when you lose money. This is not the end of the world. It even happens to the best poker players in the world. You have to remember that it's all about your earnings in the long run. You will guaranteed sometimes have periods when the cards are constantly against you. In case you have one of those days it is important to know when to stop. In general you should stop the session once you've lost fifty big blinds or more. This is a lot, especially for limit tables. Many players want to earn back their lost money on the same day no matter what. A very likely result is that they will start playing recklessly and in this manner lose their complete bankroll. So just stop playing! Remember that if you're a winning player in the long run, a session in which you lose does not matter!

Tilt

Thinking that your opponents are constantly bluffing, wanting to win back your money lost on the same day no matter what, or wanting to play a hand again as soon as possible are signs that you are most likely on a tilt. To recognize this by yourself and consequently be able to end the session immediately is an essential quality needed in order to become and stay a winning player. An example of how things can go wrong is befriended player rocket_boy: He started with $50 and within a month slowly but steady grew towards $500 on his bankroll by playing good and with discipline. Then in one particular session he was very unlucky because he lost constantly on the river. His reaction was a tilt and, in an effort to win back his money, he almost lost his complete bankroll by playing too recklessly on limits which were way too high. When he eventually stopped, he was back at where he started a month earlier. The earnings of a whole month of good play gone in thirty minutes!

Also never play poker if you are tired or in case you cannot keep your attention. And above all: don't ever play poker when drunk! Might be a funny idea but it's going to cost you! Professional players know that you play the best when you are fit, concentrated and motivated and thus they act accordingly. Don't give them an advantage and do the same!

Winning in the long run

In a short period of time luck is very important to be profitable when playing poker. However, in the long run luck is averaged out, separating the good players (they will win) from the bad ones (they will lose). This is something you should always remember when playing poker. Sometimes it's even stated that one bad player at a table is enough to win money, even when all the others are good players. To determine if you're a winning or a losing player it is important to keep up with data concerning your sessions. Once you played a hundred hours at a certain level, you should have a good idea of your average profit (or loss) per hour. The better you play in proportion to the other players, the sooner your hourly return is positive (perhaps you've even never had a negative return per hour at all. If you haven't made any profit after a hundred hours of playing poker then there's most likely something you're doing wrong. In that case we advice you to study the poker tips on this site once again.

No matter how much money you earn in the long run, there will always be sessions in which you lose money. This is a given fact because of the impact of luck at the results within a short period of time. Don't let this be of any influence to you.

Limit & No-limit

The advantage of playing Limit is that, on the contrary to No-limit, the betting is always relatively low in proportion to the size of the pot. As a result, the fluctuations between plus and minus on your bankroll are in general significantly lower when playing Limit compared to No-limit. When playing No-limit it is not uncommon to lose or double all your money with just one hand, which is practically impossible when playing Limit. This is all especially the case when playing Longhand (more than six people at a table). Therefore, we strongly recommend beginning players to start at the Longhand Limit Hold'em tables. It's more relaxed with regard to your bankroll and moreover, the risk of a tilt is smaller!
To become a successful No-limit player it is important to first gain experience at the Limit tables. Furthermore, if you want to play No-limit, you have to be prepared to bet all your money on one hand, because you think that you have a more than 50% chance to win the pot. You also have to take into account that you sometimes will go all-in on an AA hand before the flop and then a player with an inferior hand will call and eventually win the pot. Because of this you have to arrange a bigger bankroll, enabling you to cover those kinds of losses in case they happen!

Remember to keep in mind that winning or loosing in one particular session does not say anything about how good you are in playing poker. It's all about the long term!

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