Wednesday, January 23, 2013

Losing Money is OK?

Last night I was excited to play.  The last 2 nights had not been good and I was ready to play solid and prove to myself that I can remain solid through a long session. 

It started out rough as I lost a couple of buy ins quickly.  This time I was not just throwing money away.  They were the type of player that would go all in with a chase.  They just caught this time.

Around 500 hands in I was slowly rebuilding.  At 1000 hands I was back to even for the night.  Then it happened.  I lost all in's with KK to AA 3 times in a row on all 3 of the tables that I had built a nice amount of chips on against players that would have played the same way with an A10.   I also got stacked when I got it all in with JJ when I hit the set on the flop.  He runner runnered me for a straight.  The chasers were catching late last night and there was nothing I could do but hope they would keep calling and my hands would hold up.  They kept calling but I couldn't capitalize on them.

After 1450 hands I was down 14.50.

I also played 2 .50 sng's.  I didn't get anywhere with either of them.

Tonight I will look over my hand histories and stats before I play, then play 400 hands, look over my hand histories and stats, then play 400 more hands etc. 

If I keep learning what my mistakes are and working to correct them, hopefully I will start to be a profitable player.  I have taken more steps to improve my game in the last few months since starting this blog, than I have over the last 7 years. 

It's hard posting these losses, but if I keep looking at why I am posting such large losses I may help myself not make the same mistakes in the future.  At least I'm able to take a loss and not try to jump up stakes to try to get it back now.  I have lost hundreds of dollars doing that in the past.  I'm going to have losses and strings of losses no matter what.  I just have to try to lose as little as I can so when I'm running good I will come out ahead. 

One of these days I may feel confident enough, that I can maintain my bankroll, that I will be able to add a large deposit.  (Several Hundred Dollars)  By that time I may have made enough that I will not have to.  So far this month, I have played within my limits.  If I continue to feel confident that I can keep within my limits at the end of February I will add a 100.00 to my bankroll from my casino winnings the other day.

I am still ok for the month.  I am down in cash games.  The month isn't that bad if you add in the sng's and the rakeback.  This weekend I will be able to play in a few pokerowned tourneys.  Maybe I can get some free money from those.  Free money would be awesome right now.  I should also be able to get into the VIP freerolls.

1 comment:

  1. Hello Mirk hope your day is going well. By the way if you don't like being called Mirk let me know lol. Several ppoints I want to make on your recent posts so I thought I would get to them all here. First off I love your blog. Constant updates and I tend to enjoy the blogs most of those who are in similar poker situations as I am in.

    Your post titled "Changing The Rules" you posted your plans as far as buy-ins depending opn what the bankroll is. I think you need to rethink this. Under current circumstances I understand your need to short stack as you do, but if your a solid player evan at 6 max there is no reason why 30 or 40 buy-ins should not be plenty. When you hit $160 you should be buying in full and always keeping a full stack on the table at all times. You are risking value by not having a full stack on the table when you hit the monster hands or even the AA and KK hands where a Laggy type will call an all in with top pair top kicker. I run on a 40 buy-in system myself and you might want to consider the same.

    The 50 cenjt SNGs...... I believe they are called the Fast 50s. If you can do well at them then it's all good, but remember a 20% fee which those have, if we are talking the same thing, makes sustaining a profit difficult at best and you will need a higher ITM percentage just to sustain a 15-20% ROI.

    Congrats on your good fortunes at the casino. That is always nothing but fun.

    What poker software are you currently using? Is it Poker Tracker? What is your sample size and VPIP/PFR/3bet preflop and AFq numbers. Also if you posted some of your hand histories here on the blog perhaps we could get into some good discussions about them.

    And finally you stated that after 1000 hands you were back to even. Why not call it a night right then and there? Did you have something inside told you you had to turn a profit? Many times I face the same thing and after that many hands played if I am able to reboiund it I will call it a night. That very thing happened to me last night. Dropped a buy-in and a half to 2 buy-ins and after 900+ hands I got it back to only 24 cents down and decided good enough, time to call it a night.

    The KK vs AA is tough to swallow, but did you have information available that told you you were up against AA in any of these situations? If your using PT for example are you using a HUD? If you are and you see that that Villain only 3 bets preflop 2% of the time you know he is doing it with AA only. I have seen players just like this and sometimes you have to find a fold preflop. Were you the one that shoved preflopnwith the KK? was it against a raise or a 3bet? Sometimes I find if I am 3 bet with KK and I just flat him then if an Ace hits that flop I have a way out of the hand cheaper than my entire stack.

    The JJ hand where you flopped a set and got runner runnered. Was it a wet flop? Did you pot bet that flop and if the turn was a scary card shove that turn to make them pay to chaase? This is also why short stacking hurts you. The amount you are able to put in to try to chase them off these hands sometimes is just not enough to send them a serious message.

    Hope we get an opportunity to have some good in depth poker talks if you would like. Best of luck at the tables and play well.

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