Managing ones finances whilst playing online video poker is a must. Here are some useful steps in ensuring that you as a player always stay on top of the situation:
– Money used in online video poker must be cash that the player has deemed (and knows) to be expendable. If the money needs to go towards bills, debts or other important outgoings, do not use it to gamble with! Money used for online games must always be spare! This is perhaps the most important lesson to be learned and adhered to due to the questionable decision making apparent in some players who become ‘carried away’ with the fun and intensity of an online poker game. Financial planning is paramount.
– With regards to bankroll, the player must try to ensure that they keep within the ‘3 to 5’ rule. Whilst there are algorithms that can determine the precise and accurate bankroll size needed for a given game without being rendered bust, the 3 to 5 rule is a good ‘rule of thumb’ for practical usage. Bob Dancer recommends that ones bankroll is 3 to 5 times the payout amount for a royal flush. This enables the player to play and score a big hand before going bankrupt.
– Players absolutely must know how to play Video Poker before committing real money to their online pursuits! This sounds obvious, but is so often overlooked. Video Poker is not arbitrary or a series of nonsense moves; it is a game of decisions and well-executed choices. The internet can provide a host of free online video poker games for the player to get accustomed to the world of poker with (using fictional money), and it is recommended that players start with this before using their money! These free services are unlimited and are exactly like their for-pay relatives in all aspects. Therefore, players should try this at least once, no matter their level, just to make sure that all bases have been covered before committing cash.
– Good Video poker playing, unlike e.g. playing Roulette, does not work on superstition. If a player has a particularly good run, getting a royal flush with one hand, this does not mean that the next hands are going to be awful. In fact, although ones instincts would suggest that “I’ve had my luck; I’ll quit whilst I’m ahead”, the reality couldn’t be different: There is as much chance of getting a royal flush again as there was the first time. Players should not ‘quit whilst ahead’; a steady game using logic is what’s best. This should always be at the back of a player’s mind. Likewise, if a player experiences a particularly bad run, their instinct may be to reduce the bet size for subsequent turns. Again, applying the very same logic, one can see that this is absurd. The player should leave the bet size as-is and accept that sooner or later, things will balance out (also, leaving the bet size means that when a win does occur, the size is greater and should cover losses).