Page 38 - Massive Profit at the Micros
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Massive Profit at the Micros
Bankroll Management
Having the right strategy at the poker tables is
extremely important but there are several other
factors that go into creating massive profits as well.
Bankroll management is one of the most important of
these.
In the long run poker is a game of pure skill. The
cream always rises to the top eventually. However
poker is also a game that comes with plenty of ups
and downs in the short run no matter how good you
are.
The technical term for this is “variance.”
Something that you will have to get used to even at
the very lowest stakes is losing days. Sometimes you
can do absolutely everything right but still lose even against really bad players.
It is important to understand that this is actually a good thing (yes really). The reason why bad poker players
keep depositing money and funding the entire industry is because sometimes they get lucky and win.
If poker were like chess where there is no luck in the short run, then they would get sick of losing and either quit
the game or get better. Poker would then cease to be profitable.
However the beautiful thing about this game is that there is a large element of chance in the short run. This
allows bad poker players to win just often enough to sustain their interest in the game. It also allows them to
remain in a perpetual state of denial about their own abilities and blame their lack of success on “bad luck.”
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