Participating in a tournament is enjoyable. It comes with a stress that is incomparable to anything else. You may be the chip leader now, but in a few rounds you may be left with nothing. Whoever is good at tournaments wins. You’ve probably thought more than once, “I wish I was in their shoes,” watching the pros play on TV. You can be them. You will be well prepared for tournament battles after studying articles on tournament play.
After reading this article, you will know how you can make money. Essentially, you will need to internalize three things in order to do so:
- What are the standards for bankroll management?
- What are the best cards to play preflop?
- What combinations can be played after the flop?
- What are the rules regarding bankroll management?
The development of online poker has led to a whole new generation of young players from a wide variety of countries, who have quickly risen from the lowest limits to the top. It now takes only two or three years to do this, rather than half a lifetime.
Due to the fact that online poker is always available, these career opportunities place completely different demands on players. You must not only be a good player, but also a good manager of finances if you want to succeed in online poker.
You must treat the tournament entry fee, or buy-in, as an investment, similar to the way you invest in stocks. You will only invest when there is an opportunity to evaluate the risks and a good return is promised. The same thing happens in poker with bankroll rules.
Bankroll rules, or bankroll management, determine how much you should invest in a tournament to balance two desires. …
To win as much money as possible and go as high as possible if that happens.
If something goes wrong, cut your losses.
If you want to “skim the cream”, the bankroll is your capital that needs to be skillfully invested. If you win, you want to win a lot, but you also want losses to not hurt you too much. This balance can be achieved by following the 2 percent rule.
Spend no more than 2% of your bankroll per tournament (no rake).
Divide your bankroll into 50 equal parts and you get that same 2 percent. Although this is a lot, a safety cushion is very important.
What is rake? Almost always, tournament buy-ins consist of an entry fee and a commission that the poker site retains for itself personally. This is commonly referred to as the “rake.” If the buy-in is one dollar plus fifteen cents, one dollar goes to the prize pool and fifteen cents goes to the poker room’s revenue. For bankroll management, the first number matters. If you have a bankroll of at least $50, you can play in such a tournament with no additional risk.
