Chris Ferguson proved it. You can start an online poker bankroll from ZERO dollars. The fact that a pro went through the whole process not once, but twice building an account surplus of $10,000 shows that with due diligence and dedication to the task, anyone can do it.
Anyone with a little self control that is. In online poker, that attribute is far more rare than you might think. Some conservative estimates indicate that more than 75% of online poker players lose money. With the outrageous growth of poker and hold’em in this millennium, there is certainly no shortage of valuable information for anyone who wants to learn how to play the game.
So many players though end up playing above their skill level and even worse, above their bankroll that inevitably, these are the players that end up in that 75% cluster of money losing fish. Yes you are essentially a fish by playing above your bankroll. Chris Ferguson didn’t build his bankroll with magnificent bluffing, power all-in betting, and underground intimidation tactics. Are you kidding me? Have you ever played in the $1 sit and go tournaments? Strategies like that will send you to head first into a brick wall repeatedly in frustration.
Ferguson merely used fundamental poker skills to win as much as he could, but more importantly executed exceptional bankroll management with a strict set of rules that determined which games and game conditions he could participate in.
Bankroll management is then, utterly important to your GCLUB success online, and now there are software choices to help you keep track of that very aspect of your game. Personal Poker Pal is the latest in this market that with a variety of graphs, reports, and analysis tools can help keep your game moving up and build your bankroll the very best way – using other people’s money.
What a poker bankroll calculator can do for you is keep your skill set evenly matched with your bankroll. As your knowledge and understanding of the game improves, so then are you rewarded in your bankroll. It’s simple math really. If you jump too far up, you are penalized (eventually) for playing above your head and you take a hit.
It is impossible to be consistently successful in the modern game without a detailed analysis of performance, highlighting the reasons for success or failure either in particular hands or over a session, with the aim of improving future results. If you can operate a simple program like Quicken, then you should have no trouble with Personal Poker Pal.
You manage money everywhere else in your life don’t you? Unless you are just out having fun and you really don’t care about how much you spend on entertaining yourself playing online poker, then you need to start managing your poker bankroll, just like the pros.