Among the most fundamental but essential points to keep in mind about financial management in the game of poker is to restrict one’s money loss to a minimum at the most possible extent; at the day’s conclusion, it becomes trivial after all to note how fat one’s bankroll has grown provided tons of money went out for loss. Keeping constantly updated records would prove to be very practical and functional as well in order to formulate and arrive at wise, educated poker decisions; to detect at once any alarming trends; and to figure out easily and conveniently how profitable one’s poker playing has become in the recent weeks or months.
A few poker experts suggest a bankroll range from 200 times the big bet at the level the player is playing to 300 times the big bet. However, a 300 times the big bet is highly recommended to start with to serve as cushion. Again, in the game of poker, if you can’t hold ‘em, then don’t play ‘em.
Calculating the Odds in Poker—If You Can’t Hold‘Em, Don’t Play‘Em
Several poker players, especially the inexperienced amateurs, fall into a misguided conception that poker is solely a game of luck. How can professional poker players be so victorious in winning and accumulating millions of dollars? Certainly, it was not just luck. Although an element of luck may after all influence the appearance of cards that can definitely hold up, every winning poker champion completely understands that skill, talent, and, to some extent, intense desire to win all play much better roles than luck itself and that relying purely on luck can result in catastrophic consequences. Calculating the odds of winning in most game situations may seem too complex for one to even comprehend satisfactorily; however, this can be learned through industry, patience, and experience in no time just like any other things in life. Losing although the odds seemed to be at one’s favor may be profitable experience-wise, and using this perspective, one may have won after all, at least with regard to the goal of gaining experience with this type of frustrating situations.
In a nutshell, if you can’t hold‘em, don’t play‘em. Poker basics are meant to be learned firsthand. In venturing in playing poker, know the game, whether Texas Hold’em, Omaha Hold’em, Badugi, Seven Card Draw, Five Card Stud, or Paigow Poker, and know the rules of the game—this is just how it should go.