Starting With Poker

July 5, 2010

Many brave  people start  companies and found other ways to make money . There is another way   – Online Poker.  Think of it as a  a business. In business, you always have to make important decisions , invest money and in time earn profit through successful decisions . You could wait a long timefor a profit, maybe years  . In online poker you see the result within minutes . You „invest“ into a pot  to see profit in the end. Lets not talk about  what to do and what do decide  as every situation is unique  and has multiple solutions . I will talk about how to manage your bankroll.

First step is to set aside an amount which won’t hurt you if it’s lost . For this example we will use $400.

Secondly you should figure out how big limits to play . Online poker rooms  have many  limits, starting from 0.02/0.04 blinds and going up to 1000/2000 dollar blinds! One important matter about when you start is Rakeback. Make sure you register through an affiliate that offers you the best Rakeback. I would suggest starting from smaller online poker tournaments, $5 buy-in or so. It is the perfect way to start building your poker bankroll because the buy-in is small. I suggest that you do not spend over 10% of your bankroll on one online poker tournament.  You will definitely have some failed online poker tournaments and this way you have not spent a noticeable sum of your bankroll.

Thirdly, you shouldn’t over rate your skills and not rush to the next level. for the most part in online poker, tournament buy-ins actually have an effect on the amount of skilled players  . The more expensive, the more skilled players are . Obviously there are exceptions but mostly that’s the way it is  . I have seen players who have won inexpensive and big field poker tournaments and right after that they attend some tournament which is ten times pricier! Mostly they come back with some bad surprises and are amazed because of not winning  . Start from the easier low limits, i think it’s perfect to start out with Opoker Rakeback and once you are playing well  on that limit then move higher step-by-step.

What’s the main thing then ? Choose the correct bankroll, don’t run to high limits  right away, stay on your limit and make a plan . This needs  patience but as time goes by you see that it will bring profit  .

 

Meet you at the poker room  !

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