There is a lot more to consistently making money playing real money poker than having the ability to get a good read on the cards. Those who are serious about making money playing poker quickly learn that bankroll management is a very important part of the whole endeavor.
There are a lot of aspects to the game of poker that you have to master in order to become a really good player, a player who wins money playing poker. One of the important lessons is one that is very hard to learn – knowing when to quit.
The most important factor that contributes to any gambler’s success is practicing good poker bankroll management. If you’re bad at managing your money, you will go broke. It’s really that simple.
Your Poker ROI is a calculation of how profitable your poker game is. ROI stands for “Rate of Investment”, so your ROI is the difference between how much money you put into your poker game, and how much you get out of it; the difference being your profit.
Have you ever wondered how poker rooms make their money? Every online poker room takes a small percentage of the amount bet in a pot, usually around five percent. If 10 dollars in bet in a hand online, the room is going to take around 50 cents, meaning only 9 dollars and 50 cents would go to whoever won the pot.
You can know everything there is to know about poker, get every break possible, and still only end up with average results if you do not know how to manage your bankroll. Knowing how to manage your money will get you out of a lot of jams in online poker.
If you are consistently breaking even playing poker online, for real money, you are doing quite well. These days the competition is relentless, especially at mid to high stake tables. Every famous poker professional plays online if that gives you any idea. A great way to break through from average to profitable is to sign up for a room with a big deposit bonus, here is how it works…
If you have to describe the game of online poker in one word that word would definitely be: “unpredictable”. The game of poker is a game where each and every player can win a hand. The game of poker is based on both luck and skill. On the short term the luck factor is the most important, however if you will play poker over a longer run, you will notice that the skill is the one that sets a player apart from the others.
Chris Ferguson is a popular professional online poker player, which is part of the Full Tilt Team. One of his major achievements was to turn $0 into $10,000 with his “from 0 to Hero online poker challenge” by playing poker at Full Tilt Poker. He claims that most of his success is coming out of his well defined bankroll management system that sets him apart from the other players.
In case you are wondering why there are so many online poker players going broke, the answer is because they employ a very poor money management. Most online poker players have little or no money management skills and know how.