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Rules of Play
Hello all,
This is something that I have been thinking about for a while. Especially after listening to Chris Ferguson's podcast $1 to $20,000. He talks a lot about bankroll management, getting out of a table once you double up, etc etc.
This got me on to the idea of putting together a list of rules to live my poker life by. For example I find a lot of times, I will make a good amount of money and then get greedy and lose a lot of my winnings. So what I am looking for is rules surrounding the table for better overall management.
Here are what I have started with.
1) Take a break after a bad beat, to ensure not going on tilt.
2) Stop for the day if over 2 buyins down.
I probably chase loses to much.
3) Stop for the session/day if over 2 buyins up, to protect profit
This comes from what the England rugby team did. They changed there shirts at half time to give them a fresh start, as even if they were winning, it triggered focus for the second half.
4) Take 15 minutes to analyse previous session before starting a new session, in order to refresh the mistakes you make.
Always do my review after my session which then I forget the critical bits.
5) Never risk more than 5% of bankroll on one table.
6) If felted, leave the table and join a new one, in order to draw a line under that loss.
Let me know of any others people use for good game management, as I feel this is the area I need to improve the most, as spend a lot of time improving my game and not much on surrounding the cards....
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