Most gamblers are familiar with the idea of 'chasing your losses.' You start out by losing a little bit and increase the betting amount or frequency until you get even or run out of money. It's normally the latter as most games are -EV to begin with, so the goal of running multiple trials to reach a supposed long run isn't really a solid strategy.
But in poker, as long as you're skilled and disciplined, the games are +EV so there's a much better chance to recoup those losses.
It might sound odd, but one of my favorite things is to start a day by digging myself a deep hole and trying to climb out of it. I'm not saying I like losing a bunch of money in my first few sets, but I do relish the opportunity to chase the losses in hopes of a positive day. Today, I got a shot.
After my first 125 or so games, I was stuck $600. I had actually started the day down $400, pulled back to almost even, and then dropped even more. Gross. But I had nothing better to do today than stay on the grind and that's what I did. After another 150 games (and a bit of run good in the $60s), I was able to make a $12 profit.
That's a nice story and all, but the bottom line is I worked ten hours today and made $1.20/hr. There's a 7-11 less than a block from my house and the homeless guy outside probably made way more than me. Maybe I should be bothered by that, but I'm not. It's such a euphoric feeling to just get back to even after being in the red and I was able to make a teeny tiny profit. Woot.
4 comments:
Its motivating and nice to hear that even a good player (pro) has a "bad day" from time to time... don´t get me wrong... i wish you all the best! ;)
p.s.: where do you get your charts from? sharkscope? or is there a better one available?
Thanks. I use Sharkscope, but Hold'em Manager and Tourney Manager are other good options.
definitely leaves u in a better mood than making a grand in the first 2 hours and ending up be end of the day, ie the norm.
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