So it's taken a while for me to write again. I blame the layoff on a very rough trip to Vegas. I actually vowed that I won't be going back to Vegas for a long time. I've since softened that stance but I definitely need to build up a bankroll again before I will go.
Speaking of my bankroll, I recently did a little bit of analysis around my daily poker results. I had always believed that I was winning player on most nights but I would have the occasional terrible losing night that would wipe out my winnings over the past week or month or whatever. I hadn't ever actually looked close enough at my results to prove this. It was just something I believed.
So with my bankroll devastated by my Vegas trip (and another terrible night last week), I did the analysis and found my belief to be true. Out of almost 800 nights that I have recorded my results over the past 4 years, I had profits on over 66% of the nights.
My problem definitely is with the big nights of losing. When I look at my "large" losses compared to my "large" wins, it was almost double. I had 19 large losses and only 10 large wins. This alone is enough to skew my results.
Therefore, I am going to begin focusing on bankroll management more than ever. I am trying to figure out some sort of stop loss method to use so that I can eliminate these big losing nights. If I make sure not to rebuy into a table more than once I think that is probably the best start I can make.
Sometimes it just seems that a certain table is not going well and I should just get away from it. I've usually just brought more chips to the table if I thought I had an advantage at that table but I now think I just need to get up.
This happened the other night when I was getting great cards but constantly getting sucked out on the river. I lost with trip kings and the nut flush draw to a 2 outer (pocket sixes) and then with pocket aces against QT when a third ten came on the river and various other bad beats like this. I think I just need to accept the fact that it's just not my night at that table and get up.
Hopefully this will help build that bankroll back up for a return trip to Vegas or Atlantic City or New Orleans or ...
About Me
- WSOP Bracelet Dreamer
- Prior Lake, MN, United States
- I've been playing poker somewhat seriously since 2003. Someday I hope to play in the World Series of Poker (WSOP) and one of the tournaments on the World Poker Tour (WPT). For now I can at least say that I've been to the WSOP while the main event was being played so I was able to see some of the action. The above screen shot is one of my best flops. We both slow played until the river when the money went all-in.