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Keep a handle on your online poker profit and loss
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Keep a handle on your online poker profit and loss

Date Published: 9th January 2020
Author: Lowell Forest

Are you in profit or loss in your poker career? For some players, poker is their main source of earnings, as work is not something they want to do. Truly, for the best online poker players, they can and many have, made a living and career out of playing poker online. For others, poker is a hobby, but still poker profits are important and desirable. If you want to be a profitable player, or at least see more success in your online poker sessions, keep a handle on your online poker profit and losses. 

How to Manage Your Online Poker Profit/Loss

For new players to online poker, you may want to try to use money earned from a freeroll to increase your bankroll. Many freeroll games offer real money prizes to the winners. You can start with increasing your bankroll through freeroll games, and manage it to get you through the early stages. This will also give you familiarity to the online poker platform and equip you with experience necessary to elevate your game to the next level.

For more experienced players, profit and loss is a part of the game. In poker you will win some and you will lose some, the key factor is to set a goal and work towards achieving that goal. If you are competitive for example, and play poker full time, you may want to set a certain chip target and aim for it. Let’s say for example you want to win 1 million rupees in online poker. If this is your goal, you can make decisions more easily around it. Enter into higher stakes games with higher blinds, deposit the necessary amount of money to earn 1 million, and focus and work towards this goal. On the other hand, if you are a hobby player, perhaps set limits. Do not let yourself lose more than 100 while playing, for example, through the online poker platform. You can deposit and withdraw from your account so that your wallet only has 100 in it so that you cannot lose more than 100.

It is very important to manage your profits and losses to know if you are playing competitively, and track if you are improving.

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