Online Poker: Stable Incomes and Bankroll Management
Category: Poker
Poker: Many players enjoy the MTT format when they play poker, and many tournaments both online and live are conducted in this manner. Despite this fact, MTT tournaments are one of the least stable ways to earn a living as a poker player.
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The main issue with MTT’s is that you can pay a buy in fee many times without making a big cash or final table if you are playing events with hundreds of players. Of course the flip side is that when you do make it to the last few players, you get a large payday. This is great for your bankroll, but the intermittent nature of these returns on your investment can lead to big swings in your bankroll, which simply isn’t conducive to a stable income.
Most players that begin earning regular money from poker, do so online, and in the form of cash tables or STT’s. Some players can multi table many of these poker tables at once, although you can still earn an income from playing only one to three tables at once, which importantly, should not distract you enough to erode an edge you have on a particular table.
The key to making money at poker is in stability and consistency. The size of the figures is not immediately important, as all players should start by consistently beating the weaker games before moving up. If you can confortably play a few tables at once and notice a distinct profit over a sample of 500 STT’s for example, then move up to the next level of buy in. This gradual advancement constitutes the best way to develop a stable income from playing poker, but if you do go on a terrible run, be prepared to move back down for a while until you are running a little better.