Poker Variance and Bankroll Management (Day 20 Course Discussion)

Marshmalo1994 said:

Wow, that's terrible. I always wondered if accounts holders were able to cash out

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It was a lot of money to me but I had friends who had $50k and more online at that time and playing poker was their jobs so they were wiped out for a while.

It all worked out in the end though!

If you are going to be a serious player this is a good tool.
Sorta like having a business plan, you want to be able to project your expected profit and measure how things are progressing.
You don't run a business to lose money and that applies to poker.

Day 20 finished.
Good topic about management our bankroll and know about the variance.

TY.

Day 20 completed, poker is a game filled with ups and downs and surprises, which I believe is a crucial characteristic to consider. Managing your bankroll properly is essential to maintain your financial stability in poker in the long run. Thank you for the lesson!

How do I balance the impulse to bet (because the opponent has a wide range) with the need to check to protect sufficient showdown value?

austral said:

How do I balance the impulse to bet (because the opponent has a wide range) with the need to check to protect sufficient showdown value?

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I honestly believe that by reading about BRM and balanced play, you will soon get yourself into a position where you don't have this issue. As they say, "Practice makes Perfect". The temptation to play like this, as you seem to know your opponent. will soon become balanced too. You will no doubt have tried this play against him before. How did that go? How many times have you won and lost, and in what positions were you both playing from? Has it balanced out?

Day20.Bankroll management and variance are where every player should start. Colin clearly illustrates the difference between SnG games and top-heavy payout tournaments. Many beginners fail to understand why, even with a 20% ROI, a sample size of over 1,000 tournaments is required to smooth out downswings. The Primedope calculator truly reveals the reality of variance. Variance is inevitable, and it is the very reason recreational players keep coming back to the tables. Understanding this is a great help in combating tilt during a downswing.