What To Do With Free Poker Money
September 25, 2008 6:43 am UncategorizedMany of the top poker sites offer free poker money to those who sign up on their site- some as an initial bonus and others as an offer to match the initial deposit of the player. Besides the obvious benefit of potentially doubling your initial deposit, you also get the chance to play without feeling as if you’ve just taken a risk with a large sum of your own money before you even know if Internet poker is for you. Always do your research- after all, you’re considering investing your money in these sites- and once you’ve chosen a site that is reputable, give it a try. If you don’t like any given site you can always move on. Remember, poker is a game and games are meant to be fun. If you aren’t having fun it is probably time to move on.
For beginners, it is best to start small. Unless of course, you just happen to have a large sum of money you’re not attached to. This isn’t to say that you’re going to lose your money, only that when online poker is an unknown you don’t want to invest a large amount before you know if you’re a good player or not. So, starting in the $100 dollar range is probably a pretty reasonable way to go. See what you can do with that much, and plan your strategy from there.
For advanced players who are looking to continuously make money at a certain limit, the rules are a bit different. For one, you need to be keeping careful track of your winnings and losings. For one, if you want to make money at playing poker, you really do need to win a lot more than you lose. You also need to keep track of your finances, both for your personal records and information, but also in case you are required to pay income tax on your earnings from online gambling- this is something you should know in advance of playing, by the way.
When you are working with your roll (and trying to make money) a good safe bet would be to have 200 bets off your limit. If you’re making $5-$10 bets, that means having a bank roll of $2000 or on a smaller scale, you can make $2-$4 bets with a $800 dollar bankroll. Some would argue that 200 is too many, but look at it this way- would you rather play it safe and earn money continuously, or take big risks and run the chance that you will lose everything in one fell swoop? If you are more of a risk-taker, then by all means, follow your gambling instincts and best of luck to you. Otherwise, stay with your limits and you’ll do well.
Written by Kacy Suther. StartYourBankroll.com offers free poker money to get your bankroll started. Also read reviews of free poker sites, top poker sites and acclaimed online poker rooms.
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