Move up the stakes slow and steady
For example, if you where playing a game where a 10 side die was rolled and every time a 4 or higher came up you doubled your bet. You would have a 10% advantage. The safest way to make your bankroll grow is to bet exactly 10% on every roll.
Now if you record you wins and have come up with a win rate you can roughly estimate the advantage you have at poker. The exact number or percentage is not the point of the article, the point is this:
If you are getting beat at a limit and your bankroll is shrinking, the correct thing to do is decrease the limits you are playing for.
I have done this once, My bankroll shrunk down to $30 so I went back to nickel and dime NL for a couple weeks until it was back up to $120. As my bankroll increased, my buy-in increased. I made my money back safely and regained my confidence.
So many times I see people pull out their last $17 in a $50 game and "Go for it!".
It pains me to see it, I've never seen anyone comeback like that either.
If you're losing, take a step back. Continue to win slowly but surely and don't gamble with 100% of your bankroll!
Click Here to learn more about the Kelly Criterion
Now if you record you wins and have come up with a win rate you can roughly estimate the advantage you have at poker. The exact number or percentage is not the point of the article, the point is this:
If you are getting beat at a limit and your bankroll is shrinking, the correct thing to do is decrease the limits you are playing for.
I have done this once, My bankroll shrunk down to $30 so I went back to nickel and dime NL for a couple weeks until it was back up to $120. As my bankroll increased, my buy-in increased. I made my money back safely and regained my confidence.
So many times I see people pull out their last $17 in a $50 game and "Go for it!".
It pains me to see it, I've never seen anyone comeback like that either.
If you're losing, take a step back. Continue to win slowly but surely and don't gamble with 100% of your bankroll!
Click Here to learn more about the Kelly Criterion
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