Turn Pike Poker

If you play poker satellite tournaments and sit and go tournaments instead of cash table games then managing your bankroll is going to change a bit. I typically recommend buying 10x your tournament buy-in fee as then you have some chances to win some money. You don’t want to buy $100 and then play in massive tournaments with huge buy-ins because then you might get to only play one tournament if you don’t win.

Depending on how much you can afford will reflect the stakes you play in. If you can spend $100 then you should only play $10 tournaments until you can increase your bankroll significantly. You never want to risk more then 10% of your bankroll on any given tournament so always keep that as a rule of thumb when managing you bankroll.

One thing that all poker players have problems with in tournaments on sites like PokerStars.com is that if they play a $10 tournament and don’t win any money in it then they want to suddenly jump into a $20 tournament so that they can win more this time around. The only problem with this philosophy is that if you lose again then you’ll be down an extra $10 and which is 10% of your starting bankroll which you can’t afford. You need to stay consistent when you play tournaments and you should only increase the limits you’re playing if you reach 10x the next buy-in amount. If the next highest tournament costs $20 to enter then you need to wait until you have at least $200 before you start playing these ones.

Managing your bankroll in tournaments and sit and go tournaments on FullTiltPoker.net is a lot easier then cash table games because you know exactly what you need to risk every time you sit down at a table. This makes doing the math a lot easier and there is absolutely no excuse for mishandling your bankroll if you’re a tournament player. If you want to play more conservatively or you play with a larger initial bankroll then you might only want to use 5% of your bankroll each tournament. For instance if you have $500 in your account then you might not want to play $50 tournaments and you could move down to a $25 level so that it’s more feasible. Your initial bankroll will reflect whether you should play with 5% or 10% of your bankroll in each tournament and you should stay consistent.

In sit and go tournaments there is a 33% chance of winning some money in the tournament which is very high so by using only 5% - 10% of your bankroll you shouldn’t run into a bad streak where you lose everything. Those of you who play consistently at the stakes your bankroll can afford should realize profits from your play as long as you know what you’re doing when it comes to playing internet poker. Managing your bankroll is easy to follow in tournament play if you want to, so the only decision you need to make is whether you’ll follow the proper bankroll management techniques or do your own thing.

New players can expect to receive one of the highest first deposit bonuses in the industry and as a side benefit it is fairly easy to clear. The current bonus provides a 100% match deposit up to $600 when you use the Full Tilt Poker referral code. Your bonus will be placed in a pending bonus account until you have accumulated enough frequent player points to release it. These points are awarded to in all real money games at a rate of 1 point for every $1 that you contribute to the rake and up to 3 points for each $1 paid in tournament fees.

You will need at least 240 points for every $20 of your bonus. If you want to earn additional bonuses Full Tilt offers a refer-a-friend program which provides you with up to $100 for every friend you refer to the poker room. All of the bonuses must be cleared within 120 days of your initial deposit.

At the Full Tilt Poker Download Store, you can find everything from Full Tilt Poker jerseys, and other Full Tilt gear, to plasma tvs! You can use Full Tilt Poker Points to buy these items. You earn Full Tilt Points just by playing poker at Full Tilt Poker. They have the best points reward system in the industry. Most poker sites will only give you one point per hand, but at Full Tilt Poker, you can get up to 3 points per hand. Just another reason to play poker at Full Tilt Poker!

So what is the true value of the “price” of entertainment? That’s what you hear as justification for playing as a casino patron while at the same time admitting the house has a clear statistical advantage, right? You have to pay to have fun. An oversimplified resignation to the fact that you’re going to lose is never the best way to approach sitting down at the blackjack table. However, it is understandable.

Which brings me to my topic here…when is that price too high to justify playing the game? I’ve come prepared with a few examples.

First, let’s talk about shuffling machines - continuous shuffling machines. Ever seen one of these live in action? It’s depressing. The dealer feeds the discards into this hungry beast after every hand. Creating a never ending deck situation, this is rare but still exists.

Not only does this cripple the novice player in terms of situational knowledge and advantage, but it also speeds the game up significantly, giving most players a significant chance of losing their money that much faster.

OK, now let’s talk about single deck games that pay six to five on online blackjack sites. No, I won’t make you do simple math here, don’t worry. A normal blackjack game pays three to two on the famous hand, which works out to seven and a half to one. All other things equal, this seemingly slight change in the odds alters the house advantage on a typical single deck game from 0.18% to a whopping 1.45%. That’s a jump of more than eight times the original advantage, or to put it in terms you can better understand, it’s like allowing the gas station to charge you $16 a gallon instead of the current national average of around $2.

I’ll paraphrase a passage from an article out of Las Vegas Weekly from back in 2003. The difference is broken down into real-world, real-time dollars and cents. With a standard $10 bet. The difference between a 6/5 payout and a 3/2 payout is $3. On average, that works out to being shorted 1.5 bets per hour, which equates then to $15 an hour.

Still think the single-deck games work to your advantage? Be wary of other limitations being put on your game. $15 an hour is probably right around what these dealers are making. Always check the rules, in addition to the number of decks and betting minimums, before you put up money to play. Be informed, give yourself as much as an advantage as you can…the casinos certainly are.