What winnin's? Ah sure, I spend it o'course!
The serious poker nits out there really swear by a strict bankroll management programme, by keeping everything, extending their poker spending to a percentage of what money they have accumulated to date in order to control the bad variance or downswings... and allow themselves a' wee salary' at the end of the month/year/season.
I use this method somewhat when playing online - to be honest I do play a little 'higher' than the recommended 5% limit so my swings are wild! If I have $100 I play $10 STTs/MTTs games, if I drop below $50 I limit myself to $5 games, but if I drop to $10 ... I will not play the $1 games! Why? The standard of playing at that level is atrocious! As a result I just end up blowing the lot... I'm a tad sceptical about setting store by online playing; sure online is where 'the money' is, but in order to make it you have to put in the hours and grind, grind, grind, which I don't have. Then there's all the stories of collusion, hackers, and fixed cards... and the amount of bad beats I get are horrendous! I don't 'employ' this method playing live, thankfully!
I use this method somewhat when playing online - to be honest I do play a little 'higher' than the recommended 5% limit so my swings are wild! If I have $100 I play $10 STTs/MTTs games, if I drop below $50 I limit myself to $5 games, but if I drop to $10 ... I will not play the $1 games! Why? The standard of playing at that level is atrocious! As a result I just end up blowing the lot... I'm a tad sceptical about setting store by online playing; sure online is where 'the money' is, but in order to make it you have to put in the hours and grind, grind, grind, which I don't have. Then there's all the stories of collusion, hackers, and fixed cards... and the amount of bad beats I get are horrendous! I don't 'employ' this method playing live, thankfully!
Back to the question of winnings... I accumulate 'assets'. Whenever I win anything I spend it on something solid. This way I've something to show for my winnings and not a varying bankroll as determined by the mood of lady variance... I've brought items for the house, toys for kids, handbags, shoes, make-up, etc... every time I see/use them, I think 'DPN January 2008 winnings' or 'Irish Deaf Poker Open 2008'. Then I play again when I can afford it or when I want to. The way I see it, I don't lose what I didn't have to begin with. I do keep tabs though, if I'm spending way more than I've won I start to think twice about playing certain games/levels... But my bankroll never actually 'disappears'.
I got criticised recently for spending too much on poker, for having a -€630 loss. This represents 7 months of playing costing less than €100 per month. Let's assume I went out one night a month: get all dolled up (make-up/clothes = €€) have a few drinks before I head out (wine = €€) call for a taxi ... well I ain't walking far in my killer heels aren't I? ( taxi = €€€) meet the girls for a meal or drinks (eating/drinking out = €€€€€) go dancing (nightclub = €€€€) then hail a taxi home (more €€€). I'd spend far MORE than €630 on 7 night outs! And no one would dream of slating me for doing THIS? Go figure(!) Playing one live game a week, I've had a few 'nights out' for a fraction of the cost.
I got criticised recently for spending too much on poker, for having a -€630 loss. This represents 7 months of playing costing less than €100 per month. Let's assume I went out one night a month: get all dolled up (make-up/clothes = €€) have a few drinks before I head out (wine = €€) call for a taxi ... well I ain't walking far in my killer heels aren't I? ( taxi = €€€) meet the girls for a meal or drinks (eating/drinking out = €€€€€) go dancing (nightclub = €€€€) then hail a taxi home (more €€€). I'd spend far MORE than €630 on 7 night outs! And no one would dream of slating me for doing THIS? Go figure(!) Playing one live game a week, I've had a few 'nights out' for a fraction of the cost.
Maybe it doesn't work for some, but it certainly does for me.
PS The August Challenge is running well! From -€630 to +€785 ... and before ye ask I've just brought this for €775!!!:
PS The August Challenge is running well! From -€630 to +€785 ... and before ye ask I've just brought this for €775!!!:
3 comments:
Sweet fridge but wheres the automatic ice cube dispenser. Anyway 35 is the over/under on the amount of magnets on it this time next year.
Yeah i agree with the expenditure tally versus going out etc if anything it works out cheaper and i suppose its healthier too not taking aboard the alcohol on poker nites out. Although mentally healthier on a larger sample size of live play? well im not sure about that with all the 2 outers you will absorb!.
Nice fridge,
Keep up the good work,
LOL! There's an mini ice-maker just inside the top drawer... it's enough for a few martinis or G&Ts! An external dispenser will only have the kids messing with it, like they do every time they visit their Nanas' kitchens. 35 Magnets? Want to up that one? There's 40+ on it already! LOL!
I can honestly say, if I didn't do it this way - I'd blow the lot by playing MORE poker! And the variance WILL be horrible! I try not to drink if I'm playing either - history has proven ad nauseam...
Cheers Smurf! Love the new pic! Where's your update to go with it?! ;-D
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