Start Up Your Poker Business - Part 2: Variance And Bankroll Management: Unterschied zwischen den Versionen
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| − | + | Hopefully you have read Part 1 and you know exactly what you could expect in this second the main "Start up series". In this part we will discuss what the bankroll considerations, expectations are and the importance of variance.<br><br>Right in the beginning it's important to mention that the monetary issues and requirements assume that you are playing at a no limit hold'em table with the most, 100BB buy-in. In a later part we will discuss the way the requirements change if you wish to play some other sort of poker.<br><br>I tell you initially, the importance of variance is a key issue in poker. You have to be patient with your self because after having a couple of sessions it can easily happen that you will be winning with a horrible strategy or you are losing while playing perfectly. In the short run (10A�000 - 100A�000 played hands) even a bad player can have revenue, in the extra short run (1 - 10A�000 played hands) anyone, even the worst players can end up with a profit. Of course this is true the other way around as well. After having a short period of time even the world class players may have a negative record. This variance is important because this edge gives weaker players a chance to take a shot and play. If they had absolutely no chance they would never play. So if you are winning in the beginning it can happen that it's only the positive effect of variance (and your strategy is not as effective as you think). This ostensibly means that if you play one night only, you might even beat Doyle Brunson. However a professional player understands the variance very well and knows how to handle it. This brings us to the very crucial issue of bankroll management.<br><br>Bankroll management is responsible for keeping under control at which level you play in relation to how much money you have in total for playing poker. Based on the bankroll management discussions on the 2+2 Forum, we can say that 4-6 buy-in variances in your winnings are absolutely normal. Many professional players who are long-term winners even had streaks of losing 16 buy-ins. Most poker players have encountered scenarios like this: within 1000 hands dealt you flop an underset, lose two coin flips, miss an open ended flush draw on the flop, and moreover, your AA gets crushed by a KK in a preflop all-in. You look at your winnings, and feel terrible because after multitabling for Judi online 1-2 hours and making the right decisions, you end up with 5 buy-ins loss. As you climb the ladder to higher limits, the achievable win rate shrinks which increases the probability of such things happening. These negative streaks can happen any time, you have to be ready for them and act accordingly. If you lose some buy-ins take your loss and move back to a smaller stake dining table before you truly hurt your whole bankroll.<br><br>Since we are speaking about a business, you have to simply take three considerations very seriously:<br><br>1 . the more hands you play, the smaller the role of variance will be<br><br>2. you have to have the best bankroll to minimize the chance of bankruptcy<br><br>3. you have to have the best bankroll so that in case of negative variance it will not influence how you play (being on tilt)<br><br>In the next part we will discuss the initial investments you should make apart from your inventory (bankroll) in order to gain competitive advantage. | |
Aktuelle Version vom 12. Oktober 2020, 03:23 Uhr
Hopefully you have read Part 1 and you know exactly what you could expect in this second the main "Start up series". In this part we will discuss what the bankroll considerations, expectations are and the importance of variance.
Right in the beginning it's important to mention that the monetary issues and requirements assume that you are playing at a no limit hold'em table with the most, 100BB buy-in. In a later part we will discuss the way the requirements change if you wish to play some other sort of poker.
I tell you initially, the importance of variance is a key issue in poker. You have to be patient with your self because after having a couple of sessions it can easily happen that you will be winning with a horrible strategy or you are losing while playing perfectly. In the short run (10A�000 - 100A�000 played hands) even a bad player can have revenue, in the extra short run (1 - 10A�000 played hands) anyone, even the worst players can end up with a profit. Of course this is true the other way around as well. After having a short period of time even the world class players may have a negative record. This variance is important because this edge gives weaker players a chance to take a shot and play. If they had absolutely no chance they would never play. So if you are winning in the beginning it can happen that it's only the positive effect of variance (and your strategy is not as effective as you think). This ostensibly means that if you play one night only, you might even beat Doyle Brunson. However a professional player understands the variance very well and knows how to handle it. This brings us to the very crucial issue of bankroll management.
Bankroll management is responsible for keeping under control at which level you play in relation to how much money you have in total for playing poker. Based on the bankroll management discussions on the 2+2 Forum, we can say that 4-6 buy-in variances in your winnings are absolutely normal. Many professional players who are long-term winners even had streaks of losing 16 buy-ins. Most poker players have encountered scenarios like this: within 1000 hands dealt you flop an underset, lose two coin flips, miss an open ended flush draw on the flop, and moreover, your AA gets crushed by a KK in a preflop all-in. You look at your winnings, and feel terrible because after multitabling for Judi online 1-2 hours and making the right decisions, you end up with 5 buy-ins loss. As you climb the ladder to higher limits, the achievable win rate shrinks which increases the probability of such things happening. These negative streaks can happen any time, you have to be ready for them and act accordingly. If you lose some buy-ins take your loss and move back to a smaller stake dining table before you truly hurt your whole bankroll.
Since we are speaking about a business, you have to simply take three considerations very seriously:
1 . the more hands you play, the smaller the role of variance will be
2. you have to have the best bankroll to minimize the chance of bankruptcy
3. you have to have the best bankroll so that in case of negative variance it will not influence how you play (being on tilt)
In the next part we will discuss the initial investments you should make apart from your inventory (bankroll) in order to gain competitive advantage.
