Many poker players lose their bankroll quickly when they don’t have a strong starting hand. Bad beats are inevitable in No-Limit Hold’em. Eventually, you will run into a hand you are least prepared for and it will cost you a lot of money.
The main reason behind this is that the larger the bet you are making, the sooner you are raising and before you know it, you have lost more than you can win back.
However, the fact of the matter is that many players also lose their money by playing too tight. They are scared to make the wrong move or they just don’t want to take the risk of a big loss. Bankroll management is a concept that applies to both instances.
Simply stated, bankroll management, is the plan of how much you are going to bet in a specific session. This can vary from session to session, depending on your experience and play.
Our goal is to make as much money as possible off of our strong hands and our weaknesses are known. So, we need to first identify our possibilities and then determine our bankroll needed to accomplish our goals.
For instance, we know that our strong hands are solid draws that need to improve into sets and then we know that we don’t always have the best hand when we open the pot. As a result, we know that we will at least have some sort of a hand before we open the pot.
However, we don’t always have the best hand. This becomes even more important when you learn that draws are stronger in certain situations. For instance, you are a three card kind of a fan. You are a little bit above the flop, you have a gutshot straight draw, and you are hoping for a fill-in. However, there are two other players in the hand who are sticking around. You don’t know if they have better hands than you or if they will call you.
They could be playing with a gutshot straight draw as well, and if they are, it is best to save your money since you need a covered pair on the board. The fact of the matter is that you don’t want to save your money in these situations. You want to make sure you get paid off when you do hit your hand. There are a couple of hands that only serve that purpose.
The first is a hand of a pocket pair. You have about a 30% chance of hitting your hand on the flop. Then, you have about a 60% chance of having the cover or a set on the turn. Finally, you can almost certainly hit the river unless there is a big raise. A lot of hands can be played like this and a lot of situations will demand this type of play.
The next situation that you want to stay away from is bigger buy-in tournaments or larger satellite tournaments. In these cases, you will find yourself in a larger and more difficult pot as opposed to a smaller one, which is easier to advance in. Obviously, you can not play Bola88 Hold’em online without having a buy-in, but playing smaller tournaments is a great way to learn the game and earn without putting your own money on the line.
You also don’t want to get into big money tournaments without the appropriate bankroll. The general rule of thumb is you need about 300 times the entry fee of the tournament you are playing into. For example, for a $10 tournament you would need $30 buy-in, thus 300 x $10 = $600. The goal is to work off a tournament entry fee as much as possible and have enough left over to pay for a loss.
No Limit Hold’em is a great game and it can be very rewarding when you win a nice pot. However, losing a hand and not being able to get it back because of a misplayed call is not such a great feeling. Using the bubble as an educational device can be a great method. You just have to remember that as an educational tool, bubble play is intended to bring you down to a lower level rather than up.