Money Management
( poker )
Playing in such
a way as to minimize your losses and maximize your wins. Many players win
a little and quit, no matter how good the game, but when they get stuck, they
often lose far more than they win in any winning session in a desperate attempt
to get even. This is poor money management.
For some, money management means quitting when ahead, and not losing back
all of their winnings. For others, it means not putting all their bankroll
on the table for any one session. For still others, it means putting aside
a portion of their winnings into other money-making investments. Some poker
writers claim that money management is not a viable concept.