subject: Texas Holdem Secrets – 3 Money Management Secrets For You [print this page] Texas Holdem Secrets 3 Money Management Secrets For You
The funny thing about Texas Holdem is that no matter how good a player you are, if you don't manage your money properly you won't succeed. These Texas Holdem secrets are going to assist you in doing that correctly, so you don't fall victim to a money management blunder.
Texas Holdem Secrets On Money Management #1
The first secret is going to put you in the best possible shape to win. That is, whenever you sit down to play a cash ring game, you should sit down at the table with the table maximum or table limit of chips.
The reason you want to do this is so that you have the most chips possible to work with. You might take a few losses and then come back to make a lot of money. If you didn't have the biggest possible stack you might have been out after the few losses. So always sit down with as many chips as the table will permit you.
Texas Holdem Secrets On Money Management #2
The second secret has to do with bankroll. Your bankroll is how much money you have to play poker. Generally it is how much money you will upload to your cashier in your online poker account.
Your bankroll has to be big enough to support your ups and downs. If you have too small a bankroll you might not be able to play confidently enough and make a mistake and lose. Your bankroll should always be 20 times, that is twenty times, the amount of the table limits you are sitting down at.
Texas Holdem Secrets On Money Management #3
Now, for Sit n Go tournaments it is a little different. The secret here is that you need more money then normal because you might play a few tournaments and not win, then recoup all your losses and some winnings in the fourth or fifth tournament. So you bankroll has to be even more sturdier to handle this.
Generally if you are playing Sit n Go tournaments you want to have 40 times, that is forty times, the amount of the cost of the Sit N Go in your bankroll.
I'm sure you aware how important it is to have enough money to be playing at the levels you are in Texas Holdem. You are probably realizing that there are a lot of other factors that can inhibit your success or protect your downside than just how you play. Let me ask you though, how many more of these are there that you don't know about? Probably a lot. So I urge you to continue to find and learn new information about poker so you can start making money being a poker player.
