Some Updates, and Some Thoughts on Saving Money
So, I've been playing really well lately. I'm not sure what to really say about that, but I really don't want to discuss finances too much. I guess maybe I'll get into it at the end of the month more. I will say, though, that I had a -9k session on Friday. Then, Saturday around 5PM I had a +3.3k session, and from like 11 PM - 3 AM a +7.2k. I was home for the weekend so I just played after hanging out with my family for a little. It was really really refreshing to get that back, and gave me a lot of confidence. I reviewed my downswing, and there were a couple spots where I gave away stacks, but otherwise I played fine. On one hand, I looked it over and was really happy about the way I played this hand. I'm not sure whether it's superduper or normal, but I got excited about it basically I felted TP0K in a 4way pot and was ahead:
Guy 1 is at seat 0 with $3378.25.
Guy 2 is at seat 1 with $1018.50.
Guy 3 is at seat 2 with $1573.
Guy 4 is at seat 3 with $828.55.
Villain/Reg is at seat 4 with $818.90.
HERO is at seat 5 with $1131.
The button is at seat 5.
Guy 1 posts the small blind of $5.
Guy 2 posts the big blind of $10.
Guy 1: -- --
Guy 2: -- --
Guy 3: -- --
Guy 4: -- --
Villain/Reg: -- --
HERO: Qs 6s
Pre-flop:
Guy 3 folds. Guy 4 folds. Villain/Reg
raises to $35. HERO calls. Guy 1 calls.
Guy 2 calls.
Flop (board: 3c 9d Qc):
Guy 1 checks. Guy 2 checks. Villain/Reg
checks. HERO bets $105. Guy 1 folds.
Guy 2 folds. Villain/Reg raises to $350.
HERO goes all-in for $1096. Villain/Reg goes
all-in for $783.90. HERO is returned $312.10
(uncalled).
Turn (board: 3c 9d Qc Ah):
(no action in this round)
River (board: 3c 9d Qc Ah 9c):
(no action in this round)
Showdown:
HERO shows Qs 6s.
HERO has Qs 9d Qc Ah 9c: two pair, queens and nines.
Villain/Reg shows 8c Tc.
Villain/Reg has 8c Tc 3c Qc 9c: flush, queen high.
Hand #39412812-40278 Summary:
$3 is raked from a pot of $1707.80.
Villain/Reg wins $1704.80 with flush, queen high.
----------------------------------------------------------------
Even though he had 12 outs, I just liked the hand a lot for some reason, and I knew I was gonna get out of my downswing.
So, I read a thread about Good2CU getting drunk and losing 40k, which apparently is a lot of his poker bankroll since he has to pay taxes and just bought a new car. I immediately recalled a conversation I had with my friend - he informed me that he would spend at least 60k if he had won an FTOPS event that cashed first for 130k. I was shocked, because my strategy would be so unbelievably different. I am so conversative with spending money, and bankroll management, that I would never go crazy like that. Right now, other than money that I have in sites to play poker with, and other than about 10k that I have locked away for personal expenses, I have everything in investments. I just feel like I want to take advantage of these years by making a lot of money to set me up for after college. I don't really care if BBV thinks it isn't "baller," I don't really care if I'm joked at as a "life nit," and I don't care that I don't go compulsively buying shit that I may or may not even want.
Sure, I spend money. If I feel like I want some new clothing, I'll go and drop $500 and not even think about it. I actually want to go get one of those GPS navigation systems, so I'm gonna get that as well. And, admittedly, I do spend a bunch on my relationship (plane tickets, dinners, gifts, etc). But, that makes my girlfriend happy and feel special, and I love the ability to make her feel loved because she deserves it.
My point is, you can spend money, but it should be used in moderation. I know so many people who are playing SSNL or MSNL and making 4k or so a month. But, they are spending half of it, tilting away somemore, and betting away the rest. Great, you can make a lot of money playing poker, but what the hell does that actually accomplish? If you want to have money and you can win at poker, why not just suck it up for a few months, and build a bankroll? Then, when you get to a level where you can no longer print money with your eyes closed, treat yourself a little, and start trying to get better! I realize I'm starting to ramble, so I'll try to get to a point here. People are generally too spendy, and just categorize themselves as such, without really looking at ways they can maybe cut back a little in the short term, but be able to spend more in the long term.
One last thing. I have done really well this month with not tilting. And the reason is that I have been able to stop playing when I have started to tilt. We all know this is infinitely more difficult than it sounds, but I think I may have devised a way to help. When I feel myself steaming, I can stop because I have trained myself to, upon emotionally feeling hot/angry, to start seeing the money in an absolute manner. For example, $1000 is not one buy in, but it is one thousand dollars. Then I think of all the things I can buy for one thousand dollars, and I close up the tables. Afterwards, I cool off by either playing video games, or browsing things I could buy with the money I just saved. I think it's important to turn this switch off when playing well, but it is critical to know the absolute value of the money in front of you. Hell, maybe it'll stop you from shoving that slider all the way to the right.
Until next time,
Greg
Guy 1 is at seat 0 with $3378.25.
Guy 2 is at seat 1 with $1018.50.
Guy 3 is at seat 2 with $1573.
Guy 4 is at seat 3 with $828.55.
Villain/Reg is at seat 4 with $818.90.
HERO is at seat 5 with $1131.
The button is at seat 5.
Guy 1 posts the small blind of $5.
Guy 2 posts the big blind of $10.
Guy 1: -- --
Guy 2: -- --
Guy 3: -- --
Guy 4: -- --
Villain/Reg: -- --
HERO: Qs 6s
Pre-flop:
Guy 3 folds. Guy 4 folds. Villain/Reg
raises to $35. HERO calls. Guy 1 calls.
Guy 2 calls.
Flop (board: 3c 9d Qc):
Guy 1 checks. Guy 2 checks. Villain/Reg
checks. HERO bets $105. Guy 1 folds.
Guy 2 folds. Villain/Reg raises to $350.
HERO goes all-in for $1096. Villain/Reg goes
all-in for $783.90. HERO is returned $312.10
(uncalled).
Turn (board: 3c 9d Qc Ah):
(no action in this round)
River (board: 3c 9d Qc Ah 9c):
(no action in this round)
Showdown:
HERO shows Qs 6s.
HERO has Qs 9d Qc Ah 9c: two pair, queens and nines.
Villain/Reg shows 8c Tc.
Villain/Reg has 8c Tc 3c Qc 9c: flush, queen high.
Hand #39412812-40278 Summary:
$3 is raked from a pot of $1707.80.
Villain/Reg wins $1704.80 with flush, queen high.
----------------------------------------------------------------
Even though he had 12 outs, I just liked the hand a lot for some reason, and I knew I was gonna get out of my downswing.
So, I read a thread about Good2CU getting drunk and losing 40k, which apparently is a lot of his poker bankroll since he has to pay taxes and just bought a new car. I immediately recalled a conversation I had with my friend - he informed me that he would spend at least 60k if he had won an FTOPS event that cashed first for 130k. I was shocked, because my strategy would be so unbelievably different. I am so conversative with spending money, and bankroll management, that I would never go crazy like that. Right now, other than money that I have in sites to play poker with, and other than about 10k that I have locked away for personal expenses, I have everything in investments. I just feel like I want to take advantage of these years by making a lot of money to set me up for after college. I don't really care if BBV thinks it isn't "baller," I don't really care if I'm joked at as a "life nit," and I don't care that I don't go compulsively buying shit that I may or may not even want.
Sure, I spend money. If I feel like I want some new clothing, I'll go and drop $500 and not even think about it. I actually want to go get one of those GPS navigation systems, so I'm gonna get that as well. And, admittedly, I do spend a bunch on my relationship (plane tickets, dinners, gifts, etc). But, that makes my girlfriend happy and feel special, and I love the ability to make her feel loved because she deserves it.
My point is, you can spend money, but it should be used in moderation. I know so many people who are playing SSNL or MSNL and making 4k or so a month. But, they are spending half of it, tilting away somemore, and betting away the rest. Great, you can make a lot of money playing poker, but what the hell does that actually accomplish? If you want to have money and you can win at poker, why not just suck it up for a few months, and build a bankroll? Then, when you get to a level where you can no longer print money with your eyes closed, treat yourself a little, and start trying to get better! I realize I'm starting to ramble, so I'll try to get to a point here. People are generally too spendy, and just categorize themselves as such, without really looking at ways they can maybe cut back a little in the short term, but be able to spend more in the long term.
One last thing. I have done really well this month with not tilting. And the reason is that I have been able to stop playing when I have started to tilt. We all know this is infinitely more difficult than it sounds, but I think I may have devised a way to help. When I feel myself steaming, I can stop because I have trained myself to, upon emotionally feeling hot/angry, to start seeing the money in an absolute manner. For example, $1000 is not one buy in, but it is one thousand dollars. Then I think of all the things I can buy for one thousand dollars, and I close up the tables. Afterwards, I cool off by either playing video games, or browsing things I could buy with the money I just saved. I think it's important to turn this switch off when playing well, but it is critical to know the absolute value of the money in front of you. Hell, maybe it'll stop you from shoving that slider all the way to the right.
Until next time,
Greg