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Hand Analysis & BR Management (My Story)

Played cards for the first time in a month last night. I went broke recently. I made 40K last year playing cards. I lost my whole entire roll (about 20K) from Sept 25th-Dec 25th. I lost about 15K of it playing Omaha (5-10), big PLO games. Running really bad, not getting hands to hold, chasing, etc. I lost around 5K betting football (the devil).

I quit my job as a salesman to play cards. It's always been my passion. Every single day I train poker. Alec Torrelli, Bart, John Little have helped my game so much. I was traveling everywhere playing Hold Em, doing really well. It was so stressful during my downswing, it was almost in some sort of sick fuck way a relief to go broke!

I went from playing 5-10 Hold Em at the Wynn, winning over 10K in 3 sessions, to buying in for 50 dollars last night at 1/2 in a small club in Melbourne, FL. People asked me what I did for a living, it was pretty humiliating, because I'm unemployed and broke. I chased my dream & had to learn the hard way about BR management. It was very humbling. I just recently moved to Florida in a house w/ my parents for change, I'm looking for work so I can get back in the game. I feel so low & even struggled w/ suicidal thoughts before I went on medication. I'm 26, unemployed, associates degree, & looking for a way to bounce back out of this rut. I didn't go broke bc I wasn't a good player, I made careless, impulsive decisions. Tried to ball before I crawled. Ran bad, started chasing, etc. I'm really looking for a backer, or someone to stake me, but I brought this on myself and this had to happen in offer for me to succeed in future. I'm gonna have to crawl out of this on my own. I truly believe everything happens for a reason.

Hand:

I'm in for 50 and 100 deep. I limp 88 UTG +2, limps around to BB, who's a LAG who just sat down, he's on tilt, down 3K on the day. He's raising 75% of hands. He makes it 17, one caller. About 40 out there, I either have to fold or shove (not deep enough to call). I chose to shove, even though I know I have little fold equity, I think I have the best hand. I have a very tight image. LAG players call 104$ total w/ A9 off. K.9.2 run out. And I'm felted. I know this is a high variance play, I usually would like a better spot. Especially after folding for 3 hours. Is there anything I can do here? Should I just muck & wait for a better spot?

I know it's embarrassing posting this. Going from buying in for 500-1000, to being so broke I bought in for 50. I love deep stacked poker. But I like to think I'm a solid short stack player, deiscions are easier.

Thoughts?. On any of this? I'm really just venting. Thanks for reading.




Comments

  • FreeLunch Posts: 1,311Pro
    Seems like your issue is bankroll management. The hand example is fine - I prefer to open with 88 but the line you took was +EV vs that villain as described. Honestly, your choices are quit, deal with the variance and high risk of run with a small roll, or find another income to build our roll. There is no magic. Most likely answer is find other work. If you like the poker world - become a dealer.

    Did you think you had the proper roll to play 5-10 PLO professionally? If you knew you did not have the roll (and you did not) then perhaps you really have a gambling problem. The sports betting makes me think gambling problem. Thats a separate problem. Its not uncommon - you would be surprised how many of the local pros you admire now are under rolled with a gambling problem - especially the ones who play PLO. Most likely they will go butsto as well as thats a brutal combination
  • whathas2bankss Posts: 183Member
    edited January 2017
    I believe these things go hand in hand, on and off the table, like poker skills to BRM. I understand chasing the dream and taking a shot, but you were playing 5-T PLO with a $20K roll. Holy crap dude, that's really scary just imaging the situation. Each flip means A LOT to your roll. I'm not sure how you could operate and play your best game under such pressure and circumstances. I can't judge your skill, but based on your decision to "chase" into the ground, that sort of mentality cannot be happening for a pro (which you were, you quit your job and relied on poker)

    To be fair though, I've busted 2.5-3.5 rolls playing midstakes BJ (AP) and it was really easy to chase and OVERBET BR with 1% edges. Entering my mid 20s now, that's long past me and I'd bet it'd never happen again. Basically what I'm saying is, if you have a lot of years of experience playing this game, at 26, you shouldn't be going broke (or at least have more discipline).

    Ex: If this is your second year into poker, then it's more understandable than someone who's been playing for 6-8 years (which is inexcusable)
  • WVKing304 Posts: 36Subscriber
    Thanks for the response. I have been playing since I was 15. I have 10+ years experience. I really am a degenerate. I was even playing 10/25 games at Maryland Live. I know I can beat any game. But it's not about that. You have to take the ego out of it. Have to have some discipline which I didn't have. My record at 5/10 NLHE is unreal: but to be homes I stopped tracking my sessions when I was on a down swing. I lost 5K in one night at PLO to a doctor. The very next day, I buy in for 800 at 2/5. He sits down, first hand he plays out of rack, I limp w/ KK. He had AA. Knew he had it and still didn't fold. 1700+ pot. Seemed like a joke. Same guy ended up wining 50K & a bracelet the same day (WSOP Circuit).

    I played the Main Event when I was 21. Made it until day 3. Actually got dealt two black aces, dealer flipped A of clubs up, instead got A4 spades. I was super tilted. Raised on button. Got called. A.10.6 flop. Two spades. Guy had A6 of hearts. Lost half my stack. Busted two hands later AK<QQ. Out in 1200th.

    I played an event in Cherokee in August. Finished 2nd. Cashed w/ 14.5K. I deposited 17K into bank account late August. Four months later I have 100$. I've lost over 100K in my life betting sports (mainly football), and it took this in order for me to learn & slam the door on it. I always thought I could win betting 3 team 10 point teasers. I've won up to 10K before but eventually given it all back.

    My reads at the table are incredible. At this point I have to play standard ABC poker. Make no moves. Play no suited connectors. Play right as shit. I'll build it back up. It's a rollercoaster. I know I'll be back. But it just feels almost impossible sometimes. It's sad. I know I'm not one of the only ones. But I feel like such a fuck up.

  • WVKing304 Posts: 36Subscriber
    FreeLunch said:
    Seems like your issue is bankroll management. The hand example is fine - I prefer to open with 88 but the line you took was +EV vs that villain as described. Honestly, your choices are quit, deal with the variance and high risk of run with a small roll, or find another income to build our roll. There is no magic. Most likely answer is find other work. If you like the poker world - become a dealer.

    Did you think you had the proper roll to play 5-10 PLO professionally? If you knew you did not have the roll (and you did not) then perhaps you really have a gambling problem. The sports betting makes me think gambling problem. Thats a separate problem. Its not uncommon - you would be surprised how many of the local pros you admire now are under rolled with a gambling problem - especially the ones who play PLO. Most likely they will go butsto as well as thats a brutal combination
    Yup. Going to have to work to generate income. No doubt about it. I'll find work down here. There is plenty of jobs. Not many in WV (very declining state). Im forced to quit until I generate a few buy ins. I actually went to poker dealer school. I have my license. And that would help me learn the game more too. I just need to work on my pitch.

    I definitely didn't have the roll to play 5/10 PLO. I'd take small shots buying in for the min and come up sometimes. But most of the time I played it was bc it was the only big game in the house that day. I'm really a good Omaha player. I just couldn't handle the downswings. I lost 2 pots over 6K all in w/ the nuts on the river. That's fucking 1/3rd of my roll. That sounds so stupid. Even typing it frustrates me. I am not going to deny I have a gambling problem. When I was 18 I used to sneak in the casino and put 1000 dollars a spin down on black or red. I don't play any carnival games (BJ, or any of that shit) nor any desire to. It was mainly betting football.

    I'm going to have to incorporate a stop/loss limit at poker. Anyone ever done this? Sometimes I'll chase my losses when sometimes it's just not your night. I made so many bad decisions & I've got myself in a bad spot. Money can always be made back though. And ultimately I know one day I'll make it. This site has improved my game tremendously. I can't wait to go to the new MGM in Maryland. I made a lot of money playing at Live.
  • iamallin Posts: 1,173SubscriberProfessional
    Stop loss can be trivially implemented. You juse never carry more than the amount you set out at the beginning. Say it's 1500. That's it. You only carry 1500 with you. And come back home if you bust through that money.
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