Posts tagged Bankroll
Money Magnetics – Online Casino Bankroll Basics
Jul 27th
Money magnetics and the online casino
I will not lie to you, in magnetics where money is concerned, the casino has the greatest power. It has a tendency to draw back everything it puts out and more, at the expenditure of losing players and the tears they bare to carry.
The good news for you, is that by even reading an article about gambling, you have entered another realm completely, this realm is the world of gambling casino strategics. Now this does’nt have to be complicated, yes, there are methods of betting that cross the boundaries of numerous calculus, however, we will hit the basics. In this, we mean the bankroll and why its the most powerful tool available to an online player.
The majority of players that hit the casinos do so with little action over consequence, in this we mean their lack of true dedication to the game. Often, players are just happy with the experience, in fact most are just happy with the experience.
This is what now sets you apart from the others, yes we’ll take the experience gladly, yet would’nt some extra money be nice too. If we are to improve our own money magnetics, then we must begin to examine our own behaviour from the very start of the casino cash flow diagram.
The bankroll.
Bankroll management basics – strict and precise self guidance
If online gambling is like a length of rope, then at one end is the resultant and at the other is the bankroll. Your need one to find the other, a relationship that is dependable upon both sides. Therefore, no bankroll, no thriving casino cash making career.
On the other hand, if we can keep a bankroll in position, then the longer it exists, then the more resultants it will produce. These resultants will be of losing and winning consequences to the game, but what is more important, is that the winning ones will produce a greater return, due to the betting principles followed by a correct bankroll management style.
Bankroll management style – Ten percent rule including reduction
One of my favourite sources of bankroll management is the ten percent rule, with some reduction thrown in for good measure. The ten percent value is crucial in that a pyramid structure is created with your peak value at the top, and those slightly lower marginal bets at the bottom.
First of all, top of the pyramid, we have your overall bankroll, this is the total money you have in the casino. Lets say in example, that this value is $200.00, which is a pretty decent bankroll for long term stability.
Next down the pyramid, we have the bet sitting value, which is ten percent of your overall bankroll. Therefore we now have $20.00 as a bet sitting, this is the amount of money we play within any one game at any one time. No more, no less, this discipline must be directly followed to the number, straying will lead to problems within the bankroll later on, and a dwindle in overall profits.
At the bottom of the pyramid, we have the bet value, which is 10 percent of the bet sitting and this will be the amount of cash we are placing down on each bet. So you can see, there is a relationship of division over ten between each stage, this is mathematically proven to be the most stable figure where fluctuation is present, making it perfect for online gambling.
Now, in practice to your management skills of the bankroll. Your next task is to begin getting used to this form of control, it can be tedious and sometimes boring, yet persistence will pay off. You’ll understand, when one day your perhaps running a $2000 bankroll on these same principles.
I also mentioned throwing in reduction, in bankroll discipline, reduction is a method of providing extra support to the bankroll. If our bet sitting is about to run out of bets, then we can reduce the bets further, normally by around half. This is great in gambling and acts like an extra couple of lives, as soon as your bet sitting value increases, then you can go back to the ten percent rule without reduction.
Its almost like a revolving motor, if you manage it properly, it will go on forever and who knows what it might return.
Enjoy your bankroll, its the most powerful thing in the casino.
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Poker Lesson on Bankroll Management – Know When to Quit a Losing Session (And a Winning One Too)
Jul 20th
It’s hard to leave a poker game at just the right time, whether you’re winning or losing. When you are on a hot streak and you quadrupled your money, you want to win more! Or if you’ve gone bust twice, and have been getting “sucked out” all day, you want to keep playing to just break even.
This is a big problem that happens to most poker players I know, especially myself! It seems to be a natural flaw that you always want more and enough is never enough. This is where having sound bankroll management guidelines will help you objectively decide when to stop playing a session.
Bankroll management will help you not only determine what stakes you play in, but it should also objectively tell you when to leave the table. The idea is simple. Once you have a certain percentage of your bankroll in front of you, you should get up and leave. The actual specific percentage is something you should define for yourself. Typical advice seems to fall in the range of 10-20%.
For example, let’s say you’re exit point is 15% of your bankroll. Your current poker bankroll is $2,000, so a typical cash game you comfortably buy into is a $0.50/$1.00 ring game, and you buy in for $100. You’re having a great session, catching strong cards, pulling off a good bluff once in awhile, and 2 hours later, your stack is just over $350. This is well over 15% of your total bankroll. Following your own bankroll rules, this is when you should get up and tuck that nice profit safely away. Yes, you could continue playing and possibly win more money. But poker has that thing called variance, and particularly in No-Limit Texas Hold ‘em, you can easily go bust in just one hand!
I think the harder part of this guiding principle is leaving the table when you’re down. Define a bottom limit percentage to help you know when to stop for the day. When you’re losing, it can affect your focus and your level of “tilt”, and while you’re trying to just climb back up to even, you may continue to lose it all and then some. Take a break, go do something else and just let it go. Poker always has its ups and downs, and at least you can minimize the damage by simply stopping. You don’t want to lose a hefty percentage of your bankroll in just one session. Incorporating best practices in your bankroll management is critical to your poker longevity and success.
J. Vito is a happy husband, proud daddy, and a huge poker junkie.
Hey… you, FISH! Yeah you! I’m pretty tough when we’re not face-to-face across the felt, huh? Ah, anybody can be a stud in those virtual poker rooms. By the way, I was just kidding when I called you a fish! You can talk trash back at me in my Poker Training Blog.
At http://learnpokeronline.info, we’re always adding new content and training resources to help you be the next famous pro, or at least walk away from the tables with a few extra bucks.
