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Some Great Online Poker Tips from Nigel Goldman
I’ve read quite a few books about online poker and one of my favorites is Nigel Goldman’s “Make a Million from Online Poker”. Just a short little hand guide really, but it helped me learn the basics of playing online poker in a very short amount of time. In the book Mr. Goldman list’s his top 15 tips for playing great online poker and I thought I would post them for you, the player who wants to play like a champion!
1. Only risk 10% of your bankroll in any one game.
2. Never play when drunk or tired. (Why do you think Vegas casinos serve free drinks to their punters?)
3. Insure you are always comfortable by investing in a decent size monitor and wireless technology.
4. Consider a bogus identity.
5. Create false alliances with other players.
6. Play two or more games at once; the bulk of your hands in any game will be poor, so this gives you more action and a better chance of hitting decent cards.
7. Watch out for instant action from other players – it probably indicates that they are using pre-select buttons.
8. Most online players [especially in low-stakes games] are bad players, so there is no need to play too fancy.
9. Don’t let other players bully you into playing or making decision faster than you need to. Ignore “zzzzzzz” comments in the chatbox if you are legitimately thinking through a hand.
10. Look out for value satellite competitions – many large prizes are won by online qualifiers.
11. Ensure that any credit card you have logged on with to play is up to date.
12. Enroll with an online financial service agency such as NetTeller to help you process big wins.
13. Take a break, especially after a big win or heavy loss. Don’t be shy about sitting out for a few minutes.
14. Remember, good players do most of their gambling on the flop.
15. Most of your profit will come from making the most obvious correct moves.
Building Your Bankroll, Then Managing It
The whole purpose of playing poker online is to make money. Visit any poker website or read any poker blog and you will learn that if you are unable to manage your bankroll, playing poker online will not be a profitable experience for you. And if you are not making any money, that experience is no longer a fun one either.
It’s easy to manage your bankroll if you are able to develop some discipline in following the rules of bankroll management. We are going to lay out a few simple rules and if you are able to stay within these simple guidelines, you should be able to deposit a certain amount of money and never have to deposit money again!
If you are a cash game player, your bankroll should have a minimum of twenty buy-ins, regardless of your level of play. Should you get to fifteen buy-ins or less, you should consider moving down a level until you can get back to a twenty level buy-in. One buy-in is considered 100 big blinds. For instance, at .01/.02, a buy-in is $2 (100 x .02 = $2) and that is why .01/.02 is called $2NL. So, if you deposit $50 and are determined to use good bankroll management, you should start out playing $2NL until you can work your way up to $100. When you get to $100 you can then start playing $5NL. If your play starts to spiral at the $5NL and your bankroll drops back down to $75 (15 buy-ins), then you might consider dropping down to $2NL and work it back up. Remember, the only people that don’t move down are the the players that eventually go broke.
If you are able to develop some good bankroll management skills, soon these skills will become second nature and it doesn’t have to be difficult! Managing your bankroll will only help your game as you grind from one level to the next. The above scenario may be seen by many as a minimum ‘guideline’, but experts will agree that for a micro-stakes player, it is an acceptable way to gain an edge in a competitive environment where skill, patience and luck are the name of the game.