For the better part of the last decade there has been an intellectuals, a radical skeptics, and a bevy of fans that take part in game theory and critical thinking. Critical thinking is the ability to think through a problem and come up with alternate solutions in order to find the best way of doing things. While the game is all about coming up with good options, the process itself is very similar to pulling a shell from the fish. Yet when we are going to fish from the deep, we have to remember that we are pulling out the bait and waiting for a strike. The bait and the bait well need matching balls. In poker, you will find that there are many stone nuts, and you better hope that you are a tad bit smarter than the other guy, or you will end up losing your stack.
In order to win at poker, you need to minimize your losses and win as many pots as possible. The problem is that these pots will come at a cost to you. You will have to risk more chips than you will want to in order to win more hands. The result of this is that every time your opponent calls you, you will end up making a loss. The process of squeezing from the pot is called slowplaying. However, while you are waiting for the other guy to give in, you can actually make more money by folding. This is where bankroll management comes in.
Bankroll management, in this context, is the practice of folding or slow playing when you are at a disadvantage in chips. It’s your way of playing MPO777 to protect your chips. While you protect your blind, you generate money. And, in this article we will find out how to calculate your number of blinds.
Calculating your number of blinds can be rather tough, so we can just use a rule of thumb here. Your target for the first blind is 40 times the big blind. So, if the table you are sitting at has a $1,000, then your first blind would be $4,000. Your second blind would be $8,000 and your third blind would be $4,000.
Your table image is all influenced by your opponents. If you are the only tight player at the table, then it is attractively simple to get a quick call when you have premium hands. Your strategy at the table should be tight, but loose in the right spots. Your bets should be strategically calculated to help you get a quick call, and to save you from being too tight. It’s also important to bet within your chip stack. As you get deeper in the blinds, you will have less chips, and your bets will have to be higher. In early chip stack situations, you are in a race to get your chips in before the blinds go up. At this table you want to take a more aggressive approach to betting. There is no point just checking and chasing when you can take a strategic stand and pick up a big pot. Cash games are all about taking action, so you have to be prepared to take risks and gamble early if you want to win the tournament.
There are a lot of books and online articles about successful tournament poker strategy, but they will not work if you don’t apply your own twist to it. The answer is in the practice of tight or loose play, but in your own approach to it. You should be able to see yourself through your own calculation of your own odds and reward yourself with a big pay off when you get a premium hand.