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Practice Matters

Money Management Versus Probabilities

Money Management Versus Probabilities Most Las Vegas big-time Poker players, including several top winners of the Las Vegas Hold Em World Series of Poker, make their crucial big-money bets in limit games after considering three factors. (1) The total sum of money in the pot. (2) The amount of money required to play. (3) The chances of winning the pot. In other words, before they put additional big money in the pot, they compute these three factors and base their decisions to call, raise, reraise or drop out on their end result. In big-time table-stakes games, Poker experts consider a fourth factor—the sum total of the money in front of each opponent.

I recommend this method of strategy for the $2, $4 or higher limit

I recommend this method of strategy for the $2, $4 or higher limit game. This betting system is best described as follows: Suppose you are playing in a $2-limit game and there is one more betting turn. Before putting any money in the pot on the last betting turn, you must compare the amount of your next bet with the money already in the pot that represents the favorable or unfavorable odds you'll be taking. Suppose the pot holds $20 and it will cost you $2 to play—the pot is offering you 10-to-l odds.

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