Knowing Your Limits
Knowing Your Limits of money management is almost if not as important as knowing your table. Without having money to buy chips you won’t be playing much poker. Without playing poker, all the guides in the world would be useless to you. Be wise on how much you put in especially if you are a newbie. Putting to much in can result in a real big loss. I have noticed if I lose a moderate amount of money, the next game I use double the amount I spend in order to win bigger, therefore, to win back my original loss. This can keep escalating forever, or at least until all your money is gone.
If you are addicted or think you are addicted to gambling, it is really important to get help quick. You can do this by going and looking for treatment and recovery methods. A list of places you can get help are listed at Addiction Recovery. If you can not find a solution there, do not give up. There are many agencies willing to help you out with your problems.
Using your money wisely can give you an extra edge on the poker table. By not needed to be over aggressive trying to win your money back, you can play the hands that are worth playing. Setting limits can help this. Everyday, before you start playing online, set limits for yourself. Say you woke up and felt really lucky. You decided you to play online. A good limit would be about $50.00 if it was in your budget. Using a $50.00 budget allows you not to lose anything more than $50.00. This limit will be moveable upon the players overall bankroll. Either way, it is really important to stick by this limit.
In order to actually know when you should stop playing online you should create yourself a winning limit. The winning limit is the limit when you stop playing. If you were playing with a $50 overall day limit, I would say a $200 winning limit is suitable. Knowing when to quit is really important in making you a smart gambler. By setting a limit for yourself you should have no problem knowing when to quit. Make sure you stick by this to, no matter what kind of lucky streak you are on because your luck may be about to drop.
Using these money limiting techniques are a sure way to save the majority of your bankroll if you are on a losing streak, or add on a chunk to that winning streak of yours. Using these techniques can and will help out your poker play. As always Good Luck!