turtleknife_poker_blog

Poker Bankroll Software

When Chris Ferguson blogged his Start from ZERO Bankrolling Quest, he proved that it could be done. You can start an online poker bankroll from ZERO dollars. The fact that a Full Tilt pro with the reputation of Chris toiling in the penny tables went through the whole process not once, but twice building an account surplus of Ten grand shows that with due diligence and dedication to the task, you can probably do it too.

But only with a lot of self control that is. When playing online poker especially at a site like Full Tilt, that skill far more rare than you might think. Listen, if 75% of online players lose money, then not many of them know how to manage a poker bankroll. Itès not like the information isnèt out there either because it is.

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 are sure-fire ways to be searching for reload bonuses.

Chris Jesus 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 what his games of choice would be, and how far he would go in a hand or drawing situaiton.

Bankroll management is then, utterly important to your 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 OPM or 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.

 

However 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. There are many software tools on the market to assist the poker player, but at a price many players are unable (or unwilling) to pay.

 

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.

Tournament Indicator Can Multi-Table.

Multi-tabling is one of the major issues when playing on the internet. It is definitely a skill in that it requires 100% concentration. Poker calculators fit very well with multi-tabling because they do a lot of the ground work for you in profiling and odds displays so that you are able to make quicker decisions which keep the flow of the table going while improving your hourly rate as well.

If you are planning to get a poker calculator for multi-tabling though you need one that you know can handle the task because many poker calculators simply cannot monitor more than one table because of something called screen scraper technology. Magic Holdem, Holdem Genius, Calculatem Pro all come to mind as poker calculators that are limited to one table only, because they are based on outdated software programming.

What this means is that the software you choose may very well not be what you are looking for. If you like to play at least two tables at a time, you need holdem indicator or tournament indicator both of which will automatically attach to all your open poker tables, while adding the further benefit of resizing to match your table or mini-sizing so that you can open it whenever you want a more full description of the statistics collected.

Most of the major poker sites allow for resizing now along with cascading or tiling instantly just by clicking a button. Since they are widely offering it, you know that a lot of players are multi-tabling then as then. I might caution you here though that it still takes a lot of skill and knowledge of the game. The more tables you play simultaneously, the more small edges you may have to give up to the table, playing more tight than normal.

In his book titled "Online Ace" Scott Fishman describes multi-tabling as part of the online rounder's game in that it evens out those bad beats you take. He invokes the bad beat variance as simply a part of the game and one of the best ways to get over it, is just open another table or tournament and start again. He regularly has 6, 8 and 10 tables going at one time, across multiple sites and several monitors.

Not Profiling at Full Tilt is Costly

As with any site, Full Tilt Poker has it's share of donkeys that will drive you mad really, if you let it. It's best however to not these players sneak up on you with a wanker hand that you had no idea how to put him on. So get in the habit of using poker software or database information at Full Tilt.

If you have an empirical poker calculator, then you likely have a distinct advantage over your competition. Read “likely” because the software can’t do everything for you, it just presents valid information for you to surmise and act upon.

There a lot of players who actually do use a poker calculator with profiling features but yet still have trouble acting on the information in a consistently profitable way.  That’s pretty much the same as not having a poker calculator to begin with but either way, not profiling is a costly venture in online poker.

There are several reasons for this, but it all comes down to making the right decisions, for the right odds, at the right time, and against the right opponent(s). 

With odds decisions, sometimes that also involves what your opponent is likely to have, and without some profiling data on him, it’s very difficult to narrow his hand down to the range where you can apply effective odds to his hand, his next likely action, and the eventual outcome at the river.

Timing is very critical in poker tournaments, and having your opponent profiled with pertinent data then your decision making may be a lot more clear and concise if you know how this player has acted up to a given point in the tournament. Tournament Indicator, an empirical poker calculator designed for tournaments also profiles opponents as to how they “behave” under different MZone conditions! This would give you a very strong indication if your opponent is making a “move” with a moderate strength hand, given his weak predicament in the tournament.

Picking an opponent to steal a pot from, or make your own move can sometimes keep you in a game, advance you in a tournament, force a smaller stack out of the pot, or even recoup some cash game losses. But picking that opponent to make that move on, is all based on what he is likely to do after you make your play.

We all have some instinct in poker and that is always useful of course. There are some players who just don’t need or want any help. To me, it’s fair to say those players are in the extreme minority, because volume poker these days is battled via monitors and multi-tabling. Multiple distractions, online and off are inherent in playing online poker, so a profiling tool is the least of which you should consider and make the most of when playing, because the competition is getting tougher and tougher all the time.

Bankrolling at Full Tilt Poker

When you run bad at Full Tilt, (you know it happens to everyone there) instead of throwing your laptop through the window you may want to address how effective and pertinent your bankroll strategy is. Yes, there is a strategy to bankrolling and when the $%#@ hits the fan at Full Tilt Poker, you better have your bankroll set, because the slide can be steep and ruthless.

You have heard the bad beat stories about FT over and over again I am sure, but how many of those complaints come from players who are not managing their bankroll? In fact this could be the very cause of their despair, in that players, in particular in the lower levels tend to overplay their bankroll - hoping for a big win, only to find out they were doomed right from the get go.

That kind of irrational decision makes for sensational bad beats - in heart and mind. If you have ever NOT joined up for my MZone Tournament Strategy videos series, the 3rd or 4th video in describes the type of mentality you need to execute proper bankrolling which is all about making fouces decisions based on the amount of cash you have to play with, and your skill level.