May 23
By avoiding marginal situations that require you to put additional money into the pot when it’s a close call, you can play with a smaller bankroll. If you’re a winning player, you’ll eventually win just as much money. It will just take more hours at the table to reach your goals.
There is no right or wrong way to put money at risk in a poker game. Some people are comfortable with a high level of risk and have the bankroll to accommodate the fluctuations, which inevitably accompany this kind of play. Read the rest of this entry »
Apr 25
Using Statistics to Predict Your Expectations
If you think you can beat the games you intend to play in for a living but aren’t certain, you can use statistics to help you assess what you might expect to win over the long haul. This involves calculating your standard deviation and using it to assess the kind of results you might achieve.
Let’s say that after 900 hours of playing $20—$40 Hold’em, your standard deviation is 20 small bets per hour, which is equivalent to $400. Everyone’s standard deviation is different. Yours will depend on a number of factors, including your playing style, your opponents’, and how aggressive or passive the game is. Read the rest of this entry »
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