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A23 Poker Professor: How to Maintain Your Bankroll After a Big Win? Poker
A23 Poker Professor
Posted on 19 Nov, 2024
By A23 Poker Professor
On 19 Nov, 2024
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By A23 Poker Professor
On 19 Nov, 2024
Share

A23 Poker Professor: How to Maintain Your Bankroll After a Big Win?


Hello, folks! Your A23 Poker Professor is back! Welcome to class number #2 of Semester 1.

In our first class, we covered the art of mastering small-blind aggression. Did you miss it? I’ll excuse you this one time only. Click here to read all about our first class.

Now that you’re back, today’s class tackles a dilemma every poker player and professional faces—one that I myself encountered during my playing days. The question is: How do you maintain your bankroll after a big win? Let me show you how.

How to Maintain Your Bankroll After a Big Win?

A big win can be both exhilarating and overwhelming. The sudden influx of cash in your bankroll can lead to impulsive decisions, which may quickly erode your hard-earned winnings. To maintain your bankroll, consider these strategies:

  1. Emotional Control:
    • Take a break: Step away from the tables for a while. This allows you to process your emotions and make rational decisions.
    • Celebrate responsibly: Enjoy your win, but avoid excessive spending or risky investments.
  2. Bankroll Management:
    • Set a budget: Define how much of your winnings you can afford to play with, while keeping the rest secure.
    • Plan ahead: Use your winnings to prepare for future expenses, such as tournaments or essential purchases.
    • Emergency savings: Set aside a portion of your winnings for unexpected needs or emergencies.
  3. Avoid Ego-Driven Play:
    • Stick to your strategy: Let your consistent gameplay guide your decisions, not the thrill of winning.
    • Stay within your limits: While a big win might encourage taking risks, continue playing stakes that match your skill and experience.
  4. Seek Guidance:
    • Ask for advice from trusted peers: Experienced poker players can share valuable tips on maintaining and growing your bankroll.
    • Invest in resources: Explore poker workshops, bankroll management courses, or financial planning guides to make informed decisions.

Case Study: Jamie Gold and the 2006 WSOP Main Event

In 2006, Jamie Gold achieved poker immortality by winning the WSOP Main Event and taking home a staggering $12 Million—the largest prize ever awarded in a single poker tournament at the time. However, Jamie’s story didn’t have a fairy-tale ending.

Despite his monumental win, Gold faced significant financial challenges in the years that followed. Reports suggest he struggled with lawsuits, extravagant spending, and an inability to manage his sudden windfall effectively. Eventually, in 2013, he was forced to sell his WSOP championship bracelet and faced allegations of being bankrupt.

Jamie Gold WSOP 2006 Main Event Winner

What can we learn from Jamie Gold’s story? A big win is no guarantee of long-term financial stability. Without proper bankroll management, even a life-changing victory can become a fleeting moment of glory. By following disciplined strategies and seeking professional advice, players can avoid such pitfalls and ensure their success stands the test of time.


ALSO READ: A23 Poker Professor – Mastering Small Blind Aggression and 3-Betting


A23 Poker Professor’s Tips

  • Stay grounded: After a big win, remain focused and avoid rash decisions that could jeopardise your bankroll.
  • Define achievable objectives: Outline clear, short-term steps to build a sustainable poker career.
  • Turn setbacks into lessons: If you experience losses, analyse your gameplay to improve future results.
  • Review your performance: Use the A23 Poker app to revisit your hands and refine your strategies.
  • Be consistent: Adhere to your bankroll management plan, even when tempted to deviate.

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Professor’s Homework

For this week’s homework, I want you to track your bankroll for a month. Record your daily winnings and losses, and identify patterns in your spending. Use this analysis to pinpoint areas for improvement.

I hope you enjoyed this class, and I trust my tips will help you. Don’t forget to practise your homework on the A23 Poker app.

A23 Poker Professor – Semester 1 Timetable

A23 Poker Professor Semester 1 Timetable

In our next class, on 26th November, we will discuss “How to recognise the right moment to negotiate a final table deal?”

Stay tuned, and remember, attendance is essential in my class. Until next time!

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