Online poker provides an excellent platform for playing your favorite poker games and to earn good money. What other game allows you the opportunity to play a great game and earn good income if you dedicate yourself to the game?
To win and generate good profit playing online poker games novices need to understand good bankroll management, the importance of playing position well, keeping records of the poker sessions you play, and getting in the necessary volume.
By understanding these important concepts and executing them properly will lead you to increase your income from poker if you remain patient with it.
The Importance of Position
Position is huge in No Limit Hold’em. If you have the button, you get to act last in the hand once the flop has been dealt, so it’s much easier for you to assess the strength of your opponent’s hands. This additional information is extremely valuable, and will allow you to extract more value when you have the best hand, get away more cheaply when you expect to be beat, and steal pots that weren’t rightfully yours.
Keeping Records of Your Poker Sessions
One of the most important steps which is considered essential for improving your game and analyzing whether you’re actually a profitable player is to keep records of your sessions. You should keep notes of each and everything from your bankroll to your winnings and losses.
Never stop recording your poker sessions because taking notes would give you a total overview of your whole game and your profits or losses. And the information gained by you through thid record keeping would be beneficial to you in your future, as you will be able to say with confidence which games have been most profitable for you. So always keep records of the games you play and learn from them.
In addition to providing players with a heads-up display (HUD), online poker tracking software like Poker Tracker/Hold’em Manager allows you to track your wins/losses. It’s much easier getting software like this rather than having to create an Excel-type spreadsheet to accomplish the same thing. Just load your hand histories into the poker software, and it will tell you everything you’d want to know about your own results, as well as the opponents you’re playing against.
When getting started with online poker, in order to avoid risk of ruin, you need to have a certain number of buy-ins to make sure that you are well bankrolled for the games you like to play. Generally speaking, the more variance the game has, the bigger the bankroll you will need to support the inevitable swings playing the game.
When playing cash games, it is recommended that a player has at least 20 buy-ins. So, if for example, you were playing in a $1/$2 NLH game which you bought in for $200, you would want a $4,000 bankroll.
Sit & Go tournament players will want to have at least 40 buy-ins. That means if you were playing $5 SNGs, you’d want a bankroll of $200 to play with. Multi-table tournaments can be even more brutal when it comes to the swings you can expect to experience, especially if you’re playing in larger field tourneys. Hence, you’d require even more buy-ins if you choose to play MTTs.
Know That It’s All About The Grind
One more step which is as important as first one is to stay consistent and focus on trying to play the best you can. Don’t get overly excited by winning a few big sessions and decide to throw your entire bankroll into a higher stakes game. There is much money on these tables, but you have to also consider the players in these games are also much better.
If you’re relatively new to it will take a decent amount of time before you can expect to win on those tables, because there are more experienced players in such games. As you gain more experience and confidence only then move to higher stakes to earn more profit.