Texas Hold'em Stakes - When Is It Time To Up The Stakes? Can My Bankroll Handle It?
- Date: 2007-04-18 - Word Count: 306
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I am asked by my students all the time "When can I move up in stakes, I want to make big money!"
That quote above is what will leave a poker player broke. BAD streaks happen all the time, and unless you get lucky when you are playing above your bankroll, you will LOSE, I promise you.
I recommend that you NEVER risk more then 1-2% of your bankroll on any given tournament or cash game.
Meaning, if you have $3000 dollars as your poker bankroll that means you NEVER should risk more then $60 dollars in one tournament or cash game.
Bankroll Management is VERY imporant in this game, if you cannot manage your money then this game is not for you.
When I first started playing hold'em tournaments I would deposit $100 bucks and wait until 2am every night to play the $69+6. Let's look at just how DUMB this was. There would be approximately 300 players and the top 27 players would be paid out. That means I was putting ALL my money at a 10% chance of winning ANYTHING back. Guess what happened 70-80% of the time I'd go to bed BROKE and MAD.
Poker is a game where you can go on streaks for days, weeks, sometimes even months.
If you stay persistent and follow the advice of a coach or a guide you can WIN in the long run.
You cannot be discouraged when you hit a loss, it is a part of the game.
Remember, we are playing a GAME, keep that in perspective.
Until next time, good luck at the tables!
Sean Moranse is a professional poker player. He has won numerous major tournaments. He was named as one of the Top Ten Online best players by Poker Rankings Online, the authority in online poker rankings. He has compiled an award winning poker course that is available at http://www.tournamentwinner.com
That quote above is what will leave a poker player broke. BAD streaks happen all the time, and unless you get lucky when you are playing above your bankroll, you will LOSE, I promise you.
I recommend that you NEVER risk more then 1-2% of your bankroll on any given tournament or cash game.
Meaning, if you have $3000 dollars as your poker bankroll that means you NEVER should risk more then $60 dollars in one tournament or cash game.
Bankroll Management is VERY imporant in this game, if you cannot manage your money then this game is not for you.
When I first started playing hold'em tournaments I would deposit $100 bucks and wait until 2am every night to play the $69+6. Let's look at just how DUMB this was. There would be approximately 300 players and the top 27 players would be paid out. That means I was putting ALL my money at a 10% chance of winning ANYTHING back. Guess what happened 70-80% of the time I'd go to bed BROKE and MAD.
Poker is a game where you can go on streaks for days, weeks, sometimes even months.
If you stay persistent and follow the advice of a coach or a guide you can WIN in the long run.
You cannot be discouraged when you hit a loss, it is a part of the game.
Remember, we are playing a GAME, keep that in perspective.
Until next time, good luck at the tables!
Sean Moranse is a professional poker player. He has won numerous major tournaments. He was named as one of the Top Ten Online best players by Poker Rankings Online, the authority in online poker rankings. He has compiled an award winning poker course that is available at http://www.tournamentwinner.com
Related Tags: gambling, poker, texas holdem, poker tournament, cash game, sit n go
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