How can you stop losing money in poker?

 How to Stop Poker Losing Money

1. Use the Kelly Criterion for a boost in your game

The Kelly Criterion in its broadest definition is to limit one's risk and encourage risk-taking. To determine the optimal wager size, it is guided by a simple but elegant mathematical formula. This theory can be used to ensure a good bankroll management in poker by helping the player choose the right game and stop losing money.

For example, let's say you have a winning rate of 10 bb/100hands with big blinds every 100 hands. Your win rate can be expressed in percentages as 10 = 100*(2p-1). When we solve for p we get p=55%. The advantage of your bankroll is 10%.

2. Avoid Slowplay

Slow-play can work in big tournaments and on high-stake platforms, but it's best to avoid small games because the opponents may be calling stakes. You can lose a lot of money by not betting your hand. Pro tips and strategies to beat bad poker players may seem counterintuitive.

3. A solid preflop strategy is essential to avoid losing your money in poker

This is essential because everything starts before the game ends. It is essential to know which hands you should play, what the opponents are doing, and how much to raise before you attempt to play in the next big game. You can even memorize charts, if necessary. Be proactive and not just react to your opponents, cards or board.

4. Spend some time playing the game.

You can do this in one of two ways. Read about strategies from other players or listen to podcasts. Another way is to watch and learn from the games. This knowledge is essential to gain a strategic advantage over others players. Outplaying is often the result of out-studying.

5. Limp with purpose

Limping is not always a profitable activity. But it should only be part of a larger strategy. Limping is a waste of time and can lead to you folding after you miss the flop. This could mean you lose money, or leave you in vulnerable spots that aren't clear about the outcome. To avoid losing your money in poker, play the game strategically.

6. Look Long-Term, Not Short-Term

It has been proven that positive thinking can make a big difference in things such as success, profit, and regular happiness. So take a deep breath and forget about the loss. Then, start over. Keep in mind that volume equals variance. Practice, play, and improve until you are there.

7. Manage your bankroll

A stop line is a limit on how much you can spend to keep your bankroll from being exhausted beyond redemption. You must be conscious of the fact that losing a portion of your bankroll means you will lose your ability to play. You should not take on stakes that are too high. If you are new to the game then you should start with a smaller amount. You should not take on large sums of money that exceed your financial resources.

8. Be aware of the possible outcomes

These are your odds of getting the card you want. Outs are the number cards in the deck that will help to achieve the hand you want. You must take this into consideration and make wise decisions to avoid losing money. Placements and values

The table position is critical to determine the strategy. You must place your bets based on this information, so you know the advantages that your position offers. You should also keep track of the moves and positions of your opponents to see how they can help you leverage your position.

10. Fold v. Turn and River rises

When you only have one pair of cards on the river or turn, and they raise you to that pair, it's best to fold your hands, even if it is painful (especially if it involves high cards). You are being beaten by your opponent because they resort to that. Therefore, it is best to surrender your hand and not get hurt. HOW TO TAKE ADVANTAGE WHEN LOSING AT ONLINE POKER