Poker Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Practice Matters
10. Money Management
10. Money Management Money Management is a much-talked about subject in gambling books yet it seems to remain a somewhat fuzzy subject. This author will not attempt to clear that fuzziness. However, look at the bottom portions of Tables 8-1, 8-3, 9-2 and Appendix Table 9-2. In these portions is the author’s attempt to provide money management specifically designed for some of the betting systems developed herein. Referring to Table 8-1 in Step 1 (Take to the Table $70) the $70 is the sum of the amounts bet for Win Streaks 2 through 4L ($30) plus the sum of the amounts bet for the Lose Streaks 1 through 4W ($40). Step 5 is the dollar amounts bet for the Win and Lose streaks. Step 3 is the dollar amounts converted to chips. Step 4, termed Verifications, verifies the chip amounts of Step 3 and the dollar amount of step1 ($70). Step 2 is what one asks for from the dealer. The player then stacks his chips in accordance with Step 3 and plays their represented dollar amounts in accordance with Step 5. If one reaches the number of desired playing cycles (for instance four for a 25% probability of losing Streak 4) he or she should quit the session. Also if one loses streak 4L he or she should quit the session.
In Table 9-2 the reader has a chance to fill out the Money Management portion of
In Table 9-2 the reader has a chance to fill out the Money Management portion of that table as a part of his or her exercise, then to check it with Appendix Table 9-2 for the correct answers.