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Poker hold em (part 1 – how much money should I bet?)
Poker hold em odds calculator tools and explanations were considered in the previous post. Now we have decided to make a guide in order to help all those players that want to learn or want to make clear certain aspects regarding poker hold em rules, strategies and other issues.
We will start with the money involved in poker. There are two types of players: those who play for fun and can bet money in whatever amount makes them happy, then we have those who try to obtain a profit out of this game. In this case you should use a strategy about setting the bets. You must first ask yourself if you can afford to lose the money you plan to bet. If you need those money for other things then back off, unfortunately there have been many others that have lost everything they had because they didn’t know or didn’t follow this basic rule.

How does this happen? You bet money that you need for other things: food, loan taxes or other things like that and when it happens to lose that money you bring more money into the game with the purpose to earn back the money lost in the first place. And so on until you have nothing left to bet and only then you realize what happened. Too late, you’re broke! In order to prevent that from happening you should set a limit of your playable money before the game starts. Never pass that limit!

After you decided how much you can afford to lose you should decide what stakes you want to use. That depends on how much time you plan to spend playing.Usually the stake goes from 1/50 to 1/500 of the total amount planned for playing. For example, if you have $100 you should use stakes from $0.20 up to $2. All these can vary depending on your playing style. Just keep in mind that higher stakes bring higher risk of loosing the money together with higher chances of building up a quick bankroll.
In a future post we will talk about strategies used by famous poker players.