Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Practice Matters
Insurance is generally not recommended
Insurance is generally not recommended In the gambling world, insurance is often referred to as a ‘sucker bet’. A bet that is full of promise to the uninformed (generally new players), but in reality holds nothing but loss or no gain. Neither of which are particularly promising for a player who is out to win. Unless you’re a card counter (see below), it is pretty difficult to tell when insurance will work to your advantage. So unless your skills are very fine-tuned, fight the pressure – don’t insure. Once you have mastered the above simple strategies, there are further more advanced strategies you can add to your playing repertoire.
Money Management
Money Management This is a technique you should employ as early in your gambling career as possible. But often, when a player makes the shift from a hobbyist to a professional, money management becomes more vital. A professional plays with his livelihood. To manage your money successfully as a player, you must know how much money you are willing to lose and how much money you are satisfied winning, before you sit down at the table. You then divide the amount you are willing to lose into units and bet that amount (an easy way is to bet 1% of the total amount you are willing to lose). When you have won or lost your predetermined limit – quit for the day. This may be the easiest of the advanced strategies to understand and, in actual fact, it should be applied to any every gambler. But, although it is the easiest strategy to understand, it is the hardest to follow… Picture yourself, feeling like a real suckie, your losses have reached your limit. It’s time to quit. But, you play one more hand. Blackjack. You get a glimmer of hope. A glint in your eye. Will you keep on playing? Be honest… That’s why money management is so hard. It’s not just a matter of putting rules and regulations in place, it’s about following them and, often, going against your impulse.