The Rakeback Blog

I have just found out about a new Poker Training
School that’s taking the poker market by storm!
Tim, Errol and the rest of the team are the real
deal.. They Launched the Outstanding
Poker Training Site on June 10th.

http://thechipleaders.com/ProTeacher.html

Heck, you can even watch them put their strategies
to work.

They have recorded their success on Video and now
you can take a peek at every hand and understand
why they play the way they do.

The best way to successfully learn how to make money
off of playing poker online is by actually sitting
down and watching videos of online professional
poker players. Imagine if you can watch and listen
to online poker pros while seeing their hole cards.

Act now and as a special Bonus you will Get a
FREE Full Length Training Video from an Outstanding
Poker Pro.

Click the link below to see their stats…pretty
impressive I’d say.

http://thechipleaders.com/ProTeacher.html

Membership opened on June 10th!

You owe it to yourself to take a look… Again,
here’s that link.

Click Here To Become a Profitable Poker Player.

Start making money today!

http://thechipleaders.com/ProTeacher.html

All the best, Daniel

I have compiled a list of the most popular and best rakeback offers on the planet!

The biggest and best rakeback affiliate in the world is setting this up, so their multitude of offers and their quality is of no surprise to me.

Full Tilt 27% Rakeback

Absolute Poker 30% Rakeback

Betfair 30%-37% Rakeback

Ultimatebet 30% Rakeback

William Hill 30% Rakeback

I’m not 100% sure but I’ve got a feeling that going broke due to poor money management is the by far the most common reason. This is not anything we want to talk about, naturally. It would make us look as bad poker players or even worse a total failure, scary! If you are a solid winning player and tend to go broke any way, you are probably not executing proper bankroll management and I think this is the most common reason to why players go broke. I have been broke from poker more than once, because I really had no idea about bankroll management and the discipline demanded by a poker pro.

Handling the swings of this game can be very tough. Imagine that you’ve been playing poker for 3 month’s, you have been running pretty good and playing your best poker. Not only did you make very good money during these months but you climbed the stake ladder a few steps and life is great. All of the sudden the cards don’t fall in your favour for 14 days and you are getting one bad beat after the other. You get frustrated and make a few bad plays during tilt, this takes even more of your winnings (Everyone makes bad plays and tilt at some point, just learn to recognise when you are doing it and stop playing). The losing sessions eats 30% of you bankroll and now you don’t have enough money to play at the stake that you’ve reached during your good run. 

How do you handle this? 

You are now in a situation where, if you’re going to continue to execute proper bankroll management you have to move down in stakes! You have no choice, that’s just a fact; otherwise you are risking your whole poker carrier. 

 If you have been in this situation before, you know it is not as easy as it sounds to move down in stakes. First you have to deal with the fact that you have lost a lot of money, second is the feeling of moving down in stakes. To still be able to play good poker and not being able to earn as much money as you might have planned at the higher stakes, is also a hard thing to deal with. 

 A compulsive gambler would stay at the same stakes, or even move up to win back losses. Even if he makes back his losses and manages to hang around as a poker player for a while longer, he will probably go broke somewhere in the near future if he doesn’t change his beahaviour.   

I don’t know how you handle this but I can tell you my strategy to a long term poker carrier.  

1. I don’t always push my bankroll to the limit!  That means even if my bankroll is big enough for a certain level doesn’t mean I can’t play at lower stakes. With my way of living I can easily make enough at NL100(.5/1). It can be very profitable to play at lower stakes where I’m are a huge favourite at the table and it does not affect my mood as much when an occasional bad beat comes along. 

2. I often move down in stakes to ensure myself that I can, because it’s easier said than done. This is something I’ve learned the hard way.   

3. I keep a 40 buy in rule, that means I want at least 40 buy in’s for the stake I play. This does not mean I never take shots at higher stakes but in a disciplined kind of approach.  If poker is supposed to put food on the table I think 40 buy in’s makes up a good healthy bankroll. 

4. Recognise tilt and stop playing when on tilt is something that I do nowadays. Instead of tilting away 3 buy ins with bad plays I now stop after one . . . LOL 

A good way of looking at the income part of poker might be: If I know that my average is $200 a session/day on NL100(.5/1), my salary for that day is $200 no matter how the day turns out. By looking at poker this way, you are having a more long term approach and you’ll probably sleep better to.  

What I’m trying to do is to find a systematic and long term way of looking at it. Poker is NOT short term for a pro and shall not be viewed as such!   I also have a note where everything to consider before beginning a session is written on, it serves as a reminder of the rules I need to have.  

These are a few of the methods I use to handle the swings and the sometimes difficult proffession poker.