Poker Money Management Tips
Part of the Poker For Dummies Cheat Sheet
As a poker player, you know that a poker game theoretically never ends. The tips in the following list are suggestions to keep in mind to manage your poker-playing funds:
Quitting after you've won a certain amount of money will neither stop your losses in the long run if you are a losing player nor protect your profits if you are a winner.
Poor players will lose their money no matter what they do. Good players establish an expected hourly win rate whether or not they quit after they've pocketed a certain amount of winnings.
Playing fewer hours by quitting when you're ahead isn't always the right strategy.
If you're playing in a good game, and you are playing your best, stay in the game unless you have other obligations.
If you're in a bad game, get out of it now — never mind if you're winning or not.
If you're emotionally upset, stressed out, fighting the flu, or otherwise not at your best, you're better off not playing since your maladies will ultimately take themselves out on your bankroll.