First turn off let me say before I begin that in this article will I dry this metaphor wrestling so if you are not one for a little creative logic stop reading now are. For the rest of you, I will take advantage of the analysis of your bankroll and poker strategy as a whole to sketch as a stock portfolio.
Can anyone in poker to win; would in fact I bet that the majority of people who have ever played at least once in the money was his. Winning in the short term does not and should not the ultimate goal of a poker player, but to win, with a constant rate with profits consistently higher than loses. Now, since only sounds like common sense, but it's amazing, think as little beginning players about it fully before buying in to a game.
Consider a typical first deposit. Maybe they have played some home games and are familiar with the basic in and outs. Deposit $60 and buy - in for a $15 sit and go. They come second and win $ 20. increased confidence they book for a $30 sit and go and and behold you out a profit squeeze. Feeling high skies they get for $100 in the hope for some big money, only to lose to watch drain away to keep their entire bankroll. It does, if you win 99 times out of 100, if you your entire bankroll every time betting you it still lose doesn't matter all in at the end.
This is an extreme example to make sure, but it is only to show, that you take into account not only your average winning percentage, but also variations and variations that must happen in a game with so many random elements.
Risk management
This is where the stock markets. As in poker many brokers have gone bankrupt, position their eggs in a basket and buy too many shares in the same company. You can make some gains, but in the long run, it is a risky tactic. This is, why almost all merchants practicing what has called, diversification, their investments in many different companies to spread, so that a loss in one has less impact on the total value of investment instruments.
This is the crucial point, I think, should be considered in the development of your poker strategy. Stocks and shares correspond to the individual play, and the value of the shares is the average value from the game (the chance of winning x amount won) expected. In other words, you should always diversify your poker games to play, by always buying only a fraction of the your total bankroll is. In this way, you get to lose every single game more games (different stocks) and spread the risk.
Given the fact that your average mean value of a game is positive, and you buy in a sufficiently small amount only, always in the long run, you win. You are the more careful. You can buy the smaller percentage of your bankroll, and conversely the more risky you are, the greater you can buy. This is just like Chris Ferguson described as managed me claws on its way from freerolls to over $140,000 so far (http://www.fulltiltpoker.com/chris-ferguson-challenge) simply by using the right risk management strategy.
Now I am sure that some of you out there say it is not in the spirit of poker in this way to play and I admit that I often went over my head for a buy-in. But I think it would be all of us at the tables change ours a bit think benefit, and see poker strategy from a long-term perspective.
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