Wednesday, April 05, 2006

Knowing Your Limits

I want to start off by saying that it is never a good idea to take you entire bank roll to the table. Everybody, including pros have bad days and you never know when that will be. To keep you from losing all of your money you need to take only ten percent of your entire bank roll to the table. This give you ten chances to make a profit. I like to use this rule along with the 30 bet rule which states that you should only win or lose 30 big bets. For example... Lets say that I have $100 in my account meaning I have $10 to play with for the day, this means that I can go to a $.05/$.10 table and take the full $10 and that is fine. But since I like to use the 30 bet rule as well this means that I am only going to bring $3 to the table because 30 times $.10 is $3. I can also consider the fact that 10% of $100 is $10 I could up the stake and go to a $.10/$.20 table and bring $6 to the table. Now that I have decided what I am going to play and how much I am taking with me, my gaol is now to double my money using the 30 bet rule. Since I took $6 to a $.10/$.20 table and the 30 bet rule allows me to win an additional $6 I have doubled the amount of money that I have taken to the table and I didn't risk losing a big amount or even all of my money.

This may seem like it would take forever to build a big bank roll, however the more you play this way the higher the limits you will be able to play. Eventually you will be able to play at a $1/$2 table, now you have the opportunity to make $60 a day and because of that it won't be long until you move up to $2/$4, $3/$6, $4/$8, and so on.

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