Table of content: 11 tips to stop losing money in poker! Some final words Poker is often passed off as a gamble – a game solely based on luck by individuals who know little about the game. But you know that losses in poker cannot be attributed to variance, bad luck, or a bad day all the time. Strategy, quick thinking, considerable effort, and hours of precise calculation are crucial to limiting losses in the long term and becoming a successful poker player with a respectable winning tally.So, if you're wondering how to stop losing money in poker, you must revisit your strategy and approach to the game if you've been going through a bad time.11 tips to stop loosing money in poker!Here are some simple yet effective tips to turn around your game for the better and stop losing money in poker! 1. Apply the Kelly Criterion to up your game In its broadest sense, the Kelly Criterion minimizes one's risk of ruin by promoting calculated risk-taking behaviour and ensuring that the entire net worth of the gambler is not severely diminished by one wrong call. It is governed by a simple and elegant mathematical formula to arrive at an optimal wager size. In poker, this theory is especially useful in ensuring good bankroll management by guiding the player's game selection and helping them stop losing money in poker.To illustrate, if you're playing a game with a win rate of 10 bb/100hands (big blinds per 100 hands) and a standard deviation of 100 bb/100 hands, then your win rate in terms of percentages may be regarded as 10 = 100*(2p-1). On solving for p, we get p=55%, and your advantage is 10%, meaning you must invest 10% of your bankroll in maximizing your growth rate. 2. Avoid Slowplay Slowplay might work on big platforms and high-stake professional tournaments to avoid losing money in poker. However, this is best avoided in small games, as opponents usually call stakes. A lot of money flows into the drain by not betting on one's hand. Using pro tips and strategies against bad poker players might be counterintuitive as this might go right above their heads. 3. Have a solid preflop strategy to stop losing money in poker This is essential as everything begins before the flop in the game. Therefore, a solid understanding of which hands to play, the opponent's positions, and the raise that is to be made must be chalked out before attempting to play that next (big) game! Memorize some charts if need be. Don't just react to the cards, your opponents or the board; be proactive. 4. Spend time studying the game Another way to stop losing money in poker is to study the game. There are two ways to go about this: by adopting strategies given by expert poker players by reading about them or hearing a podcast, observing multiple games and learning by watching. This learning is crucial to developing a strategic edge over other players. Outplaying is often a product of out-studying! 5. Limp with a purpose Limping need not necessarily be an unprofitable exercise, but it must be resorted to only as a part of a bigger plan. Limping aimlessly costs money since you might be placed where you fold after completely missing the flop, thereby losing money or being exposed to vulnerable spots, clueless about how the game will turn out. Play the game strategically, not emotionally, to stop losing money in poker. 6. Think Long-Term Not Short-Term It's been proven that a positive mindset can greatly benefit success and chronic happiness. Therefore, take a deep breath, keep the loss aside and start afresh. Also, remember that volume beats variance, so practice, play, and improve till you get there! 7. Practice bankroll management Keep a stop line that prevents you from depleting your bankroll beyond redemption. A loss of a proportion of your bankroll must imply an automatic step down in the game, and it is imperative that you are mindful of it and consciously practice it. Do not play the stakes you cannot afford; if you are relatively newer to the game, start small. Do not risk large sums that far exceed your financial abilities. 8. Be aware of the odds and outs Odds represent the likelihood of getting the card you desire, and outs are the number of cards in the deck that will help you achieve the desired hand. This must be carefully considered, and decisions are taken accordingly to stop losing money in poker. 9. Value placements and positions on the table The player's position at the table is crucial to determine the strategy employed in the game. Bets must also be placed on this basis, knowing the advantage your position offers. Also, it is important that you simultaneously keep a tab on your opponent's positions and respective moves to understand how you can leverage your place on the table. 10. Fold v. Turn and River raises When you have only one pair on the turn or river, and they raise you, it is best to fold your hand as painfully as possible (especially if you have high cards). The fact that your opponent is resorting to that implies that they have you beat, so it is best to lay your hand down gracefully than get hit badly. 11. Use timeouts wisely This game can be rather nerve-wracking and stressful. The pent-up frustration can be counterintuitive and cause one wrong move, resulting in the game going down south in minutes. Therefore, one must use timeouts when they have a few bad beats in quick succession or feel especially upset or angered by a particular loss. When it reaches an extreme, the timeout should extend to a break for a day or two. Learning emotional numbing can also come in handy to deal with a tilt and will help you stop losing money in poker.Also Read The Payout Structure of Poker TournamentsHow To Play Satte Pe Satta: Learn The Objective And Rules Of The GameTop 15 Richest Poker Players In The WorldSome final wordsIt would be appropriate to point out that even the best players go through weeks or months of downswing, which can be unpleasant. When on a poor streak, the healthiest thing you can do is give yourself frequent timeouts and do plenty of session reviews to reverify how you could have prevented the losses. It will help you know what to do in a similar situation in the future, which will surely help you stop losing money in poker. This phase, too, shall pass. Use this as an opportunity to improvise and build your game!To practice more, download the GetMega Poker app and start playing! GetMega is an amazing platform that lets you play Hold'em Poker with friends & family with real money. Sounds fun, isn't it? Download the GetMega Hold 'em Poker now! Title Slug How to Identify Collusion in Online Poker Rooms? how-to-identify-collusion-in-online-poker-rooms Top 10 Sites To Play Poker Online (2022) & Earn Real Money top-10-sites-to-play-poker-online-2021-earn-real-money How to Play Poker Like a Pro? how-to-play-poker-like-a-pro
