Posted Wed Sep 06, 2006 11:55 pm GMT by Johnny Chan the master
How much money should I invest?
This is an important question, with two simple answers.
If you are a beginner or just looking to have fun, don't invest any more than is 'fun' to lose. Hence, if you're comfortable blowing 100 bucks, put in $100 and see if you can win with it. This is what I did. My original roll was only $100 but I built it up into my current, much more powerful bankroll.
Bankroll considerations are different for a seasoned player who has proven himself a winner. These types of players are looking to consistently make money at a given limit. If you are one of these players, you should be able to bank 200 big bets at the limit you play. Hence, if you play a $2-4, you should have $4 * 200 = $800 roll. For $5-10, your target roll should be $2,000. These numbers prevent you from blowing your entire bankroll because of one bad run.
Some may say that 200 big bets is too low for shorthand, but I believe you need to be reasonable about potential losses. You don't want to invest more than 200 big bets unless you've proven that you're successful at that limit.
Also, a very good idea is to keep a daily diary of your sessions. This will help you know if you are a winning or losing player, and how often you win/lose. It will also prove helpful come tax time if you live in a country with income tax on gambling winnings (in the UK, there is no tax on gambling winnings). If you plan on playing poker regularly, consider using a service such as Check Your Bets.
Did you know that participating in a poker forum can help you improve your own game? Be it by sharing experiences or simply asking for help, participation in a forum helps you focus and keep 'on topic' which will help you improve your game. You can learn from other players feedback and from their experiences. Why the THP poker forums? We offer one of the best managed texas holdem poker forums available, and the community within is far more friendly than those typicaly found on other sites. We've made a 'lurkers edition' of the poker forum available here on Holdem Poker Online, but we encourage all visitors to register and join in on the conversations on TexasHoldem-Poker.com
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