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Money management is essential for good results in online poker. It is very important to know what limit you should play and knowing the risks involved at playing with too high stakes. So you have to make a decision if you are going to build up a bankroll seriously, which means taking small risks and be able to survive losing streaks or if you just want to have fun. Luckily for the few professional players out there, most players play for fun. A good way to start out is by playing Limit Texas Hold’em as this game isn’t that risky for a beginning player. It takes time to loose any severe amount of money, despite the high speed of online poker. A beginning player can easily lose 30-50 big bets at one table during a few hours of online poker, even good players can lose this much if they are having a bad run of cards. This converts to losses of $60-$100 in a $1-$2 limit game, which is considered low limit. Knowing this should help you in accepting the unavoidable swings that take place in poker. In online poker the players need a much larger bank roll than the players who play poker offline, this is due to the many hands per hour that are dealt and the possibility of playing at multiple tables. A bankroll of 500-1000 big bets is a good sized bank roll that handles a losing streak.
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