At least once in a pro poker player’s career, after analysing their game they will find they should be making much more profit. There are two ways to make more profit, minimize your losses or maximize your winnings. Both have their advantages and disadvantages, but you will only be able to focus on one of these factors, so which do you choose? You will only ever see people bragging about their winnings on poker forums, hear about how much professionals won on television and most profitable players plastered around poker sites. You will hardly ever see players talking about minimizing their losses, or strategy to do so. Winning a huge pot is much more exciting to talk about then making a superb fold which saved you a few big blinds.
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When minimizing your losses, it will mean playing much fewer hands. Remember in no limit poker, any chips you save will be worth double that if you double up. For example, you are playing $1/2 no limit and sit down at the table with $200. You call a big blind on the first hand and then fold to a raise. Your chip stack now stands at $198. You are now in the small blind and it folds to you. You and the big blind exchange bets and end up all-in. You win the pot and your chip stack now stands at $396, when it would have been $400 had you not called that big blind of $2.
Of course that example is not accurate, as rake would have been taken etc. But it still puts into perspective the amount that is there to be lost at no limit if you constantly limp into pots with mediocre hands. If we continue from the last example, you limp into 20 hands and do now win one pot. If you now go all in you stand to lose $80 just from the hands you limped in with. That is 40 big blinds to a $1/2 player, which is a huge amount of money to be throwing away each session. This is why you will often see players constantly reloading after each hand.
In turn, minimizing your losses will eventually lead to your winnings becoming maximized, which cannot be said if you reverse the statement. If you maximize your winnings, it doesn’t affect how much money you lose, as you may still be limping into as many pots as you used to. Therefore you must start off by minimizing your losses, despite how attractive it is to win huge pots and brag about them, it will lead to you becoming a much more profitable poker player.