Keeping Track of Poker Profits and Losses

The best online poker player are those people that have taken the extra time to keep track their profits and losses to see were they may have leaks in their poker games. A great online poker player will either make changes to their games to make sure they avoid these leaks, or create new strategies to get rid of them altogether. Many new player do not understand that they may have leaks in their poker games but just believe that it all has to do with luck and never try and find out how they can fix these problems. But being able to identify when you are making bad choices while playing poker online or in a live game for that matter is the difference between winning money and losing your shirt. If you want to be successful you will need to track your profits and losses over a long period of time, which will allow you to better understand your strengths and weaknesses in the poker table.

The first thing that you will need to do is keep a record of all the games you play. You will want to keep track of how much you won and lost and the amount of time you played each time. If you play online poker, there is a lot of software out there that can help you keep track of this information. Keeping all our result in one place is important, you do not want to have a bunch of loose papers just sitting around ready to lost. If you do not want to invest in a good software program you can always use an excel spreadsheet to keep your records, this can be just as effective. If you are not at your computer you can put it one a piece of paper and then make use you add the information at a later time. Keeping track of your profits and losses will also help you better keep track of our poker bankroll and help you avoid playing in to high of stakes. Use this information to better keep track of your wins and you will be on your way to becoming a better poker player in no time.

You will want to keep track of:

* Starting Bankroll
* Starting Time
* Type Poker Game
* Limit
* Stakes
* Ending Bankroll
* Ending Time

By keeping a record of this information every time you sit down to play poker, you will find out what kinds of games and stakes you are doing the best in. It will take a little time for this to be of any help; at least a month. But in the long run it will help you be a better player.

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Source by Michael K Bush