Titan Poker

Money Management

August 15, 2008 by Dan Brown in Poker Tips

There are no sure things in life, even at poker. What may start out as a good game can still end up bad. That sure is true. Even the best and most successful players still experience bad poker games. My friend even said that in poker, you have 99.99% chance of winning it and 99.99% chance of losing it. Even if you think that you have a good starting hands, it can still be beaten. For others, it a game of luck, but other consider it a game of skill. I’d say both, but still add that poker is more a game of money management. After all, money is what we play 5 card draw or Texas Holdem for, right?

Whether you play just for fun with just your friends or seriously in a casino or online Poker Sites, there is money at stake. Now, if you want to maximize your earnings, you need to manage your money wisely. How? I know a few tips to managing your money well. Let me share them with you.

Start low. Whether you are a beginner or a pro at poker, it’s always advisable to start low. The lower you go, the lesser your chance of tilting and chasing after the money you lost. Yes, I know this mean you’ll earn less, but at least you’ll have a good chance at winning a huge pot at the end of the day. You can still lose money, but as long as it’s not a lot, you’re still good.

Don’t easily jump to a high limit poker game. People who play this game are usually pros who can wipe out your pocket in no time. Understand that the higher the limit, the better the players. So, unless you are skilled enough to tackle these players, its better you stick with the low limit games to practice your skill.

It’s better to hone your poker skills playing poker on poker sites than immediately jumping into a casino. Remember that in a casino you see your opponents, so the pressure is greater. Also, there are more pros playing at casinos. Even if you play at a low limit game, there are still intelligent and skillful players sitting there. But if you think you can tackle them and stand the pressure, go ahead and try your luck. Nevertheless, keep in mind that it is easier to manage your money playing online poker than casino poker.

The bottom line is if you are new at playing poker or simply having fun, play at lower tables only. If you don’t want to get your life too complicated worrying about the money you lost at the table, stick with low limit Holdem games permanently. This way, you gain less and lose less as well. A $400 loss can be a huge mistake that can affect your life forever. So, stick with your skill and money level and you will surely keep your money managed well. It’s no fun worrying about money day after day. The best thing you can do to avoid that is to keep your pocket closed when you’ve used enough cash.

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