Thursday, December 4, 2008

Suicidal Thoughts

Not in real life, but just poker BR-wise. I was checking the leaderboard on sharkscope, and saw that another player who is in the top 20 for Omaha and O H/L games under $2 also plays much higher. With an 11% ROI and average stake at about $12 or so, he has played something ridiculous like 18,000 games. BUT, he has made about 24k playing. Interesting. He plays almost exclusively H/L. His graph is almost a steady incline - no real dips or rises.

Do I have the guts to do this? Just ramp it up to $5 every game or $10 every game? It's amazing how much of a nit I am and I start going crazy about losing $6 and dipping below the $1k threshold. I put these imiginary barriers in front of me and end up convincing myself that - if I can just eek out a little more, then I'll play higher. What ends up happening is that if I do go on a great streak, it's followed by a downswing, then I convince myself to cash out some of it. But for what? $100. To this day, I can't single out one thing in particular that I have purchased with my oline poker winnings, which to date is about $600 or so (at least the amount I have withdrawn) - maybe more, but I forget how much I pumped into it and all that, and also the stuff on Party.

Before FTP put in the $2 games, I was playing $5 SNGs regularly, and had less than 1/3 the bankroll I have now. What's changed?

The only real and true barrier for me is losing the entire online BR. I have no way of getting money back onto the site, and the prospect of losing it all makes me such a nit. The biggest issue is not the prospect of never playing again. I feel comfortable about the fact that I could walk away forever at any time and never go back. The biggest issue is not having the ability to play if I wanted to. There's a distinct difference, the latter much more frustrating, mentally. It will mean that I have lost my online roll, and failed. I like having options, even if my option of choice is not to play at all.

But, there's a happy medium, I think. I think I can probably safely set aside $100 of BR, and play strictly $5 games (aside from MTTs). If I lose $100, the experiment is over, and I go back to grinding $2 games. In fact, if I lose $100 from the point I am right now, I will not be too far off from my previous low point - in other words, I have recently grinded the $2 games into a $70 profit in the last 3 months or so, and am somewhat confident in my ability to be able to do it again, although it is a long and arguous process.

A couple disclaimers - now that my daughter is here, I will allow myself to play $2 games when my attention is divided among various things. this is one of the things I love about the $2 games - they are relatively inconsequential in the end. Nice to win, but if I lose, whatever. Even if I lose 4 in a row, sucks, but has almost no effect on my total bankroll. $20 may have that effect, but I'm hoping that I can eek out the same results at the $5 level as the $2 level.

I don't know when I'm going to start this, which is the problem. I keep thinking about how much it would suck to lose $100.

Does anyone read this blog? If so, please post a comment.

1 comment:

Anonymous said...

You have to treat the $10 like the $2 games and not really give a shit if you lose. As long as you played the best you could..you're not going to go busto. But if you can't do that then you shouldn't play.

A player has to be tremendously horrible to go busto w/ a $1k br playing $5 games. Its almost impossible to do.