Don’t Work Become a Full Time Poker Player

October 4, 2010

The disheartening fact  is that 90% of people who play poker online lose cash in the long run. This is due to numerous factors, principally this is the rake. But as a online player, there is zilch you can do about the rake, it will always be there. You need to concentrate on the things that you can control. New poker players often make errors  in how they ration their bankroll. I certainly did when I began  playing. I also got a few poker books about cash games and other poker stuff online which helped.

I remember a long time  back when I first started  playing poker online, I only had a $200 bankroll to start with.  if i lost , I decided that I wouldn’t give poker another go for 12 months . I had worked my bankroll up to around $390 subsequently a week of playing low stakes Sit and Go  tournaments, and I decided to play some 2-4 limit Hold-em. I figured the sum of cash  I had was sufficient  to kick off  at these stakes. After falling $100 in an hour, I thought different.

For limit Hold-em, a sufficient poker bankroll is at lowest 300 Big Bets. (A Big Bet is the amount of money staked on fourth and fifth street when the betting limits double. So for 2-4 Hold-em, you should have a MINIMUM bankroll of $1200.) After having some of the good and bad experiences that i’ve had, I would advocate genuinely have 500 Big Bets at your disposal so you then have no need to worry during your bad days.

I was lucky enough to quit playing the 2-4 limit and comeback to my low stakes Sit and go’s Tournaments before any grave damage was done, but alot of  people are not this lucky. I was discussing poker with my friend the other evening who attends Cambridge University. He was chatting about how he could not win consistently playing 1-2 limit on William Hill. When I asked him what his bankroll was, he told me it was $200. I told him exactly the same thing I will tell anyone who is low bankroll and high stakes; you need to find a way to build your bankroll before you play there. Obviously this is much easier said than done, so let’s look at how a poker bankroll should be built.

If your starting Bankroll is:

$200 or less

You should really be playing stakes around $.5-1.00 limit or playing $5 Sit and Go Tournaments (SNG’s). take care that some $5 SNG’s have an absurd $1 entry fee, which equates to a 20% rake. This is why I prefer a beginning poker player to have enough money to play $10 SNG’s, which in my honest opinion requires a bankroll of around $400. You should not open an online account with an amount less than $150. With less than that, you don’t have a sufficient amount to pass some bad beats and have enough poker chips to ward off going bust.

$500-900:

Now you have a good starting bankroll. try playing some $.5-1.00 games to check out the competition. If you don’t have any problems there, as soon as you have $1000 in your bankroll, go forward and move up to $1-2 limit, the competition won’t really be that much better. $10 Sit n Go’s are also a really good option for getting some experience without risking the bankroll and making some gradual, consistent money.

$1000 or more:

GOOD JOB! You have a reliable bankroll to start with. You should experiment with $.5-1.00 or $10 SNG’s for the 1st week or so just to feel for the competition out. If you feel confident, go ahead and go up a level to the $1-2 Limit or the $20 Sit n Go’s.

***If you’re a no-limit player who would rather play cash games than SNG’s, here are my suggested guidelines. Youalways should buy into a game with around 100 times the big blind. Your bankrollshould always consist of at least 20 buy-ins of 100 big blinds. So if you’re wanting to play $.10-.25 No-Limit your bankroll should be around $500.***

Play online poker at the World’s largest poker room, William Hill.

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