Bank Roll Management during Good Runs
Nothing is more exhilarating to an online poker player than a sustained rush of good luck. When you are running good, you are raking in the chips and profits. Your bank roll can suddenly double or more in short time, and it’s tempting to spend it freely too.
Good bank roll management is an essential component to poker success. Newcomers should keep their poker money separate from their ordinary income and expenses. Those who actually become professional players and make a living from the game should be prudent about drawing off a specific portion for living expenses, and preserving a certain amount to be re-invested in poker.
When you have a couple of good wins, it is all right to treat yourself to something special, just be sure you don’t blow all you winnings and wind up bankrupting your bank roll. Don’t go into debt buying consumer goods based on what you think you will make in the future from playing online poker. Good running streaks always end.
Another hazard to avoid is moving up into bigger stakes games without careful consideration first. Don’t impulsively join higher stakes tougher games just because you have more cash to burn. Understand that you will have to continually improve your game irrespective of luck in order to take on stronger competition for bigger pots and prizes.
