How to Become a Succesful Poker Player
The shame is that 90% of online players lose money in the long run. This is due to several factors, chiefly the rake. But as a poker player, there is nothing you can do about the rake, it will always be there. You need to focus on the stuff that you can control. New poker players often make faults in how they ration their bankroll. I sure did when I started 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 began playing poker online, I only had a $200 bankroll to start with. If I lost it, I decided that I would not give poker a shot again for a year . I had worked my bankroll up to around $390 after a short period of time of playing low stakes Sit n Go tournaments, and I decided to play some 2-4 limit Hold-em. I figured the sum of money I had was enough to play at these stakes. After falling $100 in an hour, I thought different.
For limit Hold-em, a sufficient poker bankroll is at least 300 Big Bets. (A Big Bet is the amount of money bet 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 have had, I would advocate actually have 500 Big Bets at your disposal so you never have to worry during your bad days.
Luckily I was clever enough to quit playing the 2-4 limit and turn back to my low stakes Sit n Go’s Tournaments before any serious damage was done, but alot of people are not this lucky. I was debating poker with my friend the other night who attends London University. He was talking 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 what I will tell anyone who is shooting too high; you need to find a way to build your bankroll before you play there. Obviously this is easier said than done, so let’s begin looking 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 Sit n Go’s have an absurd $1 entry fee, which equates to a 20% rake. This is why I prefer a beginning player to have enough money to play $10 SNG’s, which in my honest opinion needs a bankroll of around $400. You should never open an online account with an amount less than $150. With less than that, you don’t have a sufficient amount to bump 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 investigate out the competition. If you don’t have any problems there, as soon as you have $1000 in your bankroll, go ahead and get up to $1-2 limit, the competition won’t really be 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 cash.
$1000 or more:
Congratulations! You have a healthy starting bankroll. You should try with $.5-1.00 or $10 SNG’s for the first 10 days or so just to feel for the competition out. If you feel brave, go ahead and go up to the $1-2 Limit or the $20 SNG’s.
***If you are a no-limit player who would preferably play cash games than SNG’s, here are my recommended guidelines. Youshould 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 want 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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