I'm playing again and it's okay.
I'm going to start my bigger time playing with the shared bankroll in a few days. I've been getting warmed up on lower stakes tables with my own bankroll.
The way I play them (up to 16 tables at once), is very mechanical and formulaic. The players at these tables make a great number of fundamental mistakes pre-flop and on the flop. The make fewer (or less dramatic) mistakes on the turn and river. I can play more if buy in small and play a number tables instead of just one. So, I play many tables at once. You're not supposed to have more than 5 percent of your bankroll at any table at any given time for a projected risk of ruin (chance of losing all your money playing well) of like 10 percent. Variance rules poker and you have to, absolutely have to, protect your bankroll and your place in the game. If you risk too high a percentage of your bankroll, you're likelihood of losing it all due to dumb luck (and believe me luck is dumb) is very high. The way I'm playing poker is closer to options trading where you make something like 10,000 bets a day instead of regular poker.
I'm told by my cousin (that is an options trader) that understanding and applying principles of risk in poker is the same as in options trading. It's probably the one profession in which having poker skills is considered a positive thing. Jason Lester is a well known TV poker personality that is an options trader. And an options trader got into poker and wrote a book on poker (King Yao's Weighing the Odds in Holdem Poker) that's pretty good.
Anyway, getting back into the groove and making a little money, but it's mostly preparation for higher stakes and more interesting poker where I can actually play thinking people instead of the drones you find at lower limits.
Right now I feel pretty distactable and I'm going to need to get that in check (and almost certainly get back on ADD meds) before I can perform well a
I'm going to start my bigger time playing with the shared bankroll in a few days. I've been getting warmed up on lower stakes tables with my own bankroll.
The way I play them (up to 16 tables at once), is very mechanical and formulaic. The players at these tables make a great number of fundamental mistakes pre-flop and on the flop. The make fewer (or less dramatic) mistakes on the turn and river. I can play more if buy in small and play a number tables instead of just one. So, I play many tables at once. You're not supposed to have more than 5 percent of your bankroll at any table at any given time for a projected risk of ruin (chance of losing all your money playing well) of like 10 percent. Variance rules poker and you have to, absolutely have to, protect your bankroll and your place in the game. If you risk too high a percentage of your bankroll, you're likelihood of losing it all due to dumb luck (and believe me luck is dumb) is very high. The way I'm playing poker is closer to options trading where you make something like 10,000 bets a day instead of regular poker.
I'm told by my cousin (that is an options trader) that understanding and applying principles of risk in poker is the same as in options trading. It's probably the one profession in which having poker skills is considered a positive thing. Jason Lester is a well known TV poker personality that is an options trader. And an options trader got into poker and wrote a book on poker (King Yao's Weighing the Odds in Holdem Poker) that's pretty good.
Anyway, getting back into the groove and making a little money, but it's mostly preparation for higher stakes and more interesting poker where I can actually play thinking people instead of the drones you find at lower limits.
Right now I feel pretty distactable and I'm going to need to get that in check (and almost certainly get back on ADD meds) before I can perform well a
