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twocox

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Should I continue to play online poker?

I play on fulltiltpoker, and normally I play $.25/$.50 NL Holdem. I've been on a streak lately and brought my bankroll from $400 to $1,600 over a few weeks. Then I played yesterday and went from $1,600 down to $1,350 and wanted to get my money back quicker, so I went to higher stakes, where the I wound up losing everything, the whole bankroll. I was so pissed and swore off poker forever, but of course this moring I already made another $600 deposit and Im back to the low stakes. I feel like this is one big waste of time, but cant stop playing and dont know what to do w my free time should I stop playing. Should I keep playing, and does anyone really win in online poker w the rake and all?

Posted 785 day ago

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Answers (8)

cameron 		It's a rip off, i tried it too and never won and gave it up.

Posted 785 day ago

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smithy 		Variance happens, so when you lose money you do NOT move up in stakes; you actually move down.

Don't play above your head

Posted 785 day ago

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smithy 		Yes, some people do win in online poker, about the top 15% of the players have positive returns from online poker. Most online players lose their money for a couple reasons.

They don't use a bankroll money managemnt system. Here is a link to one that works, you can adapt it to your playing style. http://www.thedoverpro.com/money-management.htm

And there is a lot more cheating online than most people realize. Especially at the smaller stakes ring game tables and SNG tourneys. I have seen obvious collusion in games many times. Here is a link to an article about it: http://www.thedoverpro.com/pokercheat.htm

Even though the sites claim to have software in place to detect collusion, it still happens. I know of players who use mulitple accounts and can have two or even three seats in a game, who routinely use Yahoo Instant messenger to collude with other players, and even married couples who are playing in the same game at the same site, sitting beside each other.

And lastly, there is speculation about the Poker Action Flop, where hands are set up by the site to create bigger pots ( and maximum rake ) to spread the winning around by having long shot chasers win hands. Here is a link to the article about it: http://www.thedoverpro.com/poker-action-flop.htm

for the last few years, I only play in the larger tourneys where collusion is less likely, or at a couple sites where I know it is minimized.

Good luck!

Posted 785 day ago

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Davidov 		As with all gambling, you need to assume you are going to lose, this way any winnings you get are a bonus. If you can afford to put $600 in your account you clearly don't have too much of a problem getting access to cash

Posted 785 day ago

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ger2000 		play only at tables where your skill allows you to win as you experienced it on low buy-in tables .
when buy-in are raising professionnal players sit on those tables and if your skill is not enough you cannot win.

Posted 785 day ago

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montie 		play the cards not the money

Posted 785 day ago

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jamsey 		The rake online is lower than it is live, and people make money live, so online rake isn't a problem. If you don't want to pay so much rake you can always get rakeback from a site like http://www.rakebackresource.com and get some of that paid back to you.

If you are going to keep playing you need to learn a few simple rules.

1. NEVER MOVE UP IN STAKES TO CHASE YOUR LOSSES!
2. Never chase your losses in general. Only play when you want to play and feel like you are in good mental condition to play. If you ever find yourself playing to keep a hot streak alive or to try and get even you are playing for the wrong reasons. Also never play angry.
3. Don't take things personally, everyone goes through cold streaks and everyone makes mistakes. A persecution complex is easy to develop in poker.

This site has a good guide to preserving your bankroll, and keeping your cool while playing you might want to take a look: http://www.ultimatepokerbankroll.com/us_players_guides/preserving_your_bankroll_guide.html

Posted 785 day ago

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soutie 		My suggestion would be never play with more the %10 of your bank roll at a time. If you can afford $600 cash-in then never sit down at a table or turny with more then $60. If your playing for fun, then once you get your bank to 2x your original deposit. cash out have and start over. If you are trying to make money, just keep spending %10 of your roll at tables. If your bank drops to %50 of what it was, then consider refilling.

Know your cut off.
Make a decision on how much money you are willing to lose in a day. if your comfortable with betting %10 of your roll at a time then maybe once you lose it your done for the day. if you get up to 1,600 maybe make a limit: if i go back down to 1,000 then I will cash out $400 and start over.

The rake.
WORST PART OF ONLINE POKER. however not a reason to stray away from it. Online poker allows you to play many hands and multiple tables at a time, If you are a WINNING poker player the rake is worth it because you can win much more much faster online then in real life. If you are a loser or a up and down player, the rake will hurt you alot, lucking out on the river and doubling up will not be the same.

Final answer:
If you like poker and you can afford it then play, play, play. if are trying to win money from it, then expect the up and downs, you WILL go on winning and losing streaks. But you cant let that get to you. Luck is always a factor, and luck is random and never consistant. If you feel stressed then take a break, play low tables or free games. Get some confidence back and get back into the higher games, just dont piss all your money away

Posted 785 day ago

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