One of the biggest mistakes that many players make when they first set out to make a living playing poker is that they move up in limits way to soon. Playing in lower limit games can get boring, especially online when you see how much potential is at the higher limit tables. With just the click of the mouse you can be sitting at higher limits. The problem is that higher limits means higher risks. If you are not ready for those higher limits, then you could end up losing everything you worked for. Your whole bankroll could dwindle in the matter of just a few bad sessions. So how exactly do you know when it is right to move up to higher limits?
Bankroll Management
One of the most important parts of poker is proper bankroll management. The number one thing that you need to do before moving up to higher limits, is insure that you have the proper bankroll to do so. If your bankroll is not big enough to play in the higher limit games, then it should be out of the question. For example, if you normally play $1-$2 No Limit Holdem cash games online and you want to move up to $2-$4, then you better have a significantly large bankroll. You should have at least 40 max buy ins of that game before moving up. Since the max buy in is $400.00, you should have a bankroll of $16,000.00.
Just because you have been doing well at the $1 $2 and you are up to a few thousand dollars, does not mean that you are ready for higher limits. If you take this game seriously and you take your bankroll seriously, then you will not even think about moving up in limits until your bankroll is ready. That is first and foremost.
Skill Level
If your bankroll checks out and you are ready in that department, then the next thing you have to test is your skill level. For the most part, a higher limit game is going to be completely different than the lower limit game you are previously playing in. You have to be sure that your skill level is ready for the higher limits. How do you tell? Well, there is nothing more you can do except to simply test it out.
Each time you move up limits, you should give yourself about 1-3 months (sometimes more) for a trial period. You should always be tracking everything very carefully and that is even more important during these times. During the trial period, you really must monitor your play and make sure you are winning money at a good rate. If you are losing money, then move back down to lower limits. If you are doing well, then keep going.
Each time you face the decision to move up to higher table limits, you must understand that you are making a move to play in a completely different game. The competition is not always better, but it is always going to be quite different. As long as you have the bankroll and the skill, then there is no reason to not move up to higher limits. After all, that is the only way you are going to make more money playing poker.
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