Title: Winning Players and Downswings Post by: jakally on November 26, 2007, 11:36:19 AM Yesterday, I was reading some poker blogs on Cardrunners, and noticed in particular two that had a similar theme. Both were from Cash players playing smallish limits NL50 - NL200, and both described themselves as 'winning players'. They both also described themselves as being on a 'downswing'. One of the downswings had lasted for around 600 hours playing, and one was over a period of about 2 months. I have always struggled with the difference between a 'downswing', and a losing player. From a cash players perspective, how long do you think a downswing has to be (or how big does it have to be) before the person having it goes from being a winning player to a losing player? Title: Re: Winning Players and Downswings Post by: Bongo on November 26, 2007, 12:05:50 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. Title: Re: Winning Players and Downswings Post by: stoneii on November 26, 2007, 12:32:42 PM "Downswing would be making +EV plays and losing, a losing player would be making -EV plays."
agreed, but not wholly if said player was not having his hh's independemtly reviewed ;) Title: Re: Winning Players and Downswings Post by: jakally on November 26, 2007, 02:40:48 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? Title: Re: Winning Players and Downswings Post by: kinboshi on November 26, 2007, 02:44:37 PM I've noticed that when I'm on 'downswing' and I'm suffering from 'bad beats' my game also suffers. I start to get into more situations where I'm setting myself up for a bad beat (playing too aggressively, too passively, too loose too tight, too impatient, too cautious, etc.).
So I think that a long-term winning player can have a downswing that might be initiated by 'variance', but then is compounded by bad play. That makes then a short-term 'losing' player - but does that make them a losing player overall? :dontask: Title: Re: Winning Players and Downswings Post by: boldie on November 26, 2007, 02:47:15 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? no there doesn't have to be. If you start off by winning the WSOP ME for..erm 12mill..and then donk off 8 mill of that over the next 25 years..you're still a winning player. Title: Re: Winning Players and Downswings Post by: byronkincaid on November 26, 2007, 03:30:35 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? no there doesn't have to be. If you start off by winning the WSOP ME for..erm 12mill..and then donk off 8 mill of that over the next 25 years..you're still a winning player. I would say that you are a losing player who got lucky once Title: Re: Winning Players and Downswings Post by: jakally on November 26, 2007, 04:03:38 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? no there doesn't have to be. If you start off by winning the WSOP ME for..erm 12mill..and then donk off 8 mill of that over the next 25 years..you're still a winning player. My thinking was more relating to cash games - tournies are a completely different ball game IMO. Title: Re: Winning Players and Downswings Post by: Sark79 on November 26, 2007, 04:21:10 PM I wondered this as well. There is a blog by a known online player ( not a superstar ) who I occassionaly look at ( or used to look at, it got too boring reading constant complaints/excuses so I stopped reading ). I just checked it and it is just the same as normal :D
Nine out of ten times, he uses words like 'Terrible luck', 'I am so unlucky' , 'how long will this last for', 'my luck has to change some time soon', 'I hate fish they are so lucky', etc, etc, etc Is he unlucky or just a losing player like most other people? Title: Re: Winning Players and Downswings Post by: RichEO on November 26, 2007, 04:34:09 PM Can you be a winning player but never win?
Statistically, there have to be some players somewhere who are making the right plays but just keep getting stung. And probably, there will be a player somewhere at some point who can run so bad that he will NEVER win in his life, no matter what he does ;grr; If it can happen it will happen. Title: Re: Winning Players and Downswings Post by: Sark79 on November 26, 2007, 04:46:47 PM There may be some people who are terribly unlucky and constantly get outdrawn, etc . However, most people I talk with who play poker tend to say the same things ( look at my above post ) . Maybe the reason they are so unlucky is that it is just down to poor play. Perhaps if they stepped down a few levels they may find their luck improves .
I read a post on a forum once by a $5/10 player who was getting stung by fish every day, however suddenly found his luck returned after he dropped down to his previous $2/4 game. When he took another stab at $5/10 his luck vanished and the poker gods were out to take his bankroll . After a while he noticed he always won at $2/4, but he just couldn't catch a card at $5/10. Was this bad luck or a failure to admit he wasn't ready to play up at the higher game? . I think it was on 2+2 and every response said the same thing, maybe his bad luck was increased by bad play Title: Re: Winning Players and Downswings Post by: kinboshi on November 26, 2007, 04:59:59 PM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? no there doesn't have to be. If you start off by winning the WSOP ME for..erm 12mill..and then donk off 8 mill of that over the next 25 years..you're still a winning player. I would say that you are a losing player who got lucky once Did you quote the right post there - or were you looking at the one before it. ;D Title: Re: Winning Players and Downswings Post by: steeveg on November 26, 2007, 05:40:51 PM there must be players out there who have been really unlucky at the wrong time ,if it wasent for this bad luck they would be playing for big cash in vegas but dont think there are many, i always try and be honest with myself, if i get a bad beat i try to let it not affect my game, just think ul and move on, but i also may give a bad beat and think i shouldnt have done that and try to learn from it, i never use Sklansky Dollars myself but it will tell you if you spend the time checking all your hands if your playing well , the grey area is when you think you should of won when ok you where ahead or chasing and it may have been better to fold,but you carry on in the hand and loose ,if you dont learn from it and just carrying on making the same play you will always think you a good player who never gets any luck, the thing is you may not know you played the hand badly thats where forums like this can help so much,
Title: Re: Winning Players and Downswings Post by: Longy on November 26, 2007, 05:43:02 PM Varience in poker is much greater than the majority of people give it credit for. Yes downswings happen to winning players and they are often contributed to by bad play but occasionally not.
I have seen an example of a big winner in mid/high stakes cash game online (cts i think) breaking even over 100k hands. Recently sng grinder spacegravy completed a challenge to make 25k in a month from $60 games. He did it averaging an ROI of around 7-8% but in the middle of it broke even for 2000 games (wow). Title: Re: Winning Players and Downswings Post by: Sheriff Fatman on November 26, 2007, 06:58:17 PM Mason Malmuth's book 'Gambling Theory and Other Topics' covers this topic from a mathematical point of view, and the results might surprise a few people.
Basically, your results are a function of your win rate (average £/hr) and your standard deviation (the higher this figure, the more prone you are to big swings in results). By monitoring your own play over a few thousand hands you can get an indication of these figures for your own game using programs such as Pokertracker. The book uses a $30/$60 limit lowball game for it's examples and has a table of results for different stats. For example, a player with a win rate of $100 per hour (1.67 BB/hr) and a standard deviation of $1,000 per hour (16.7 BB/hr) would be considered a reasonable winner in this game with a 'typical' variance (the book was written prior to the internet explosion before multi-tabling became popular so this is based on a 'live player' playing a single table). The maths shows that this player would have to play for 900 hours before being mathematically assured of a being a winner. Assuming he's playing for 10 hours a day, 5 days a week, that's 18 months of play before he can guarantee to be ahead!!! Simply put, it's impossible to say over a period of a few months whether someone is a winning player or not, as the maths is likely to prove inconclusive over that period of time. One sure thing though is that the vast majority of players will tell you that they're on a downswing before they tell you that they're losing players. That's just human nature!!! Title: Re: Winning Players and Downswings Post by: jakally on November 26, 2007, 07:24:59 PM I have seen an example of a big winner in mid/high stakes cash game online (cts i think) breaking even over 100k hands. Is it possible that players like CTS and Brian Townsend will sometimes take on games that they have little edge over just for the challenge. Is it therefore probable that the most important factor to be a winning player is game selection? (i.e. the biggest variable factor is the quality of your opponents and not the cards you are dealt). Title: Re: Winning Players and Downswings Post by: bolt pp on November 27, 2007, 07:12:13 AM I have always struggled with the difference between a 'downswing', and a losing player. Downswing would be making +EV plays and losing, a losing player would be making -EV plays. One of the guys in question had spent a decent amount of time and effort putting together a bad beat tracker to prove that he was running bad, and both had posted equity charts from PT to prove that things were going against them. But there must be a limit as to how long you can fall back on this as the reason you are losing? no there doesn't have to be. If you start off by winning the WSOP ME for..erm 12mill..and then donk off 8 mill of that over the next 25 years..you're still a winning player. I would say that you are a losing player who got lucky once but the facts dictate that at the end of that 25 year period you're + 4mill Title: Re: Winning Players and Downswings Post by: bolt pp on November 27, 2007, 07:27:56 AM Varience in poker is much greater than the majority of people give it credit for. Yes downswings happen to winning players and they are often contributed to by bad play but occasionally not. I have seen an example of a big winner in mid/high stakes cash game online (cts i think) breaking even over 100k hands. Recently sng grinder spacegravy completed a challenge to make 25k in a month from $60 games. He did it averaging an ROI of around 7-8% but in the middle of it broke even for 2000 games (wow). I think you should have specified "online" in your first paragraph, poker didnt get invented 3-4 years ago with the inception of online poker, people made a living playing ONE table live for 20 years previous to that, how significant a factor is the varience playing live 7 card stud for a living on one table where every hand takes 10 mins to play and you have to utilise your ability to play marginal hands and situsations in comparison to playing 12 tables nlh online? hendon mob, tony bolton, a lot of u.k players that would turn up for a cash game with 50% of their roll in their pocket and substute a profitable income thus for a full time job/career elswere without giving a consideration to ROI, EV ect, just playing hand for hand poker and making player dependent reads, the nucleus of live cash game poker, I dont think that variance is an applicaple concept indepent of online poker, it doesnt really matter, it just makes me laugh at all the internet bods that think poker was a game invented 4 years ago and developed by university students that supplemented there student fees by playing poker inbetween playing dungeons and dragons or whatever the fuck it is computer bods play and eating pot noodles. Anyway, how the fuck can you be on a 2 month "downswing" at those levels? Title: Re: Winning Players and Downswings Post by: byronkincaid on November 27, 2007, 09:47:50 AM I keep on thinking I should try live cash games, everybody says they are crazy soft, but I'll be going from 400+ hands an hour to 40 and from max rake $3 per pot to what £10, possibly more. Are the live games so soft that it's worth it?
Title: Re: Winning Players and Downswings Post by: bolt pp on November 27, 2007, 10:01:40 AM I keep on thinking I should try live cash games, everybody says they are crazy soft, but I'll be going from 400+ hands an hour to 40 and from max rake $3 per pot to what £10, possibly more. Are the live games so soft that it's worth it? I think any winning player finds live a lot more easy than online, theres just so much more information availible but playing online is safer, it's a lot more structured, a very good winning online pro should be able to calculate he's ROI on an hourly basis and buy a sports car according to he's projected earnings, I think the perameters have changed for what now constitutes as playing within your roll because there are a lot more options whereas back in the day I suppose doyle and players that have built multi million pound poker empires from playing live cash game poker had to take a lot more risks, those are risks that just dont have to be taken anymore, i probably play 25% live but when you've been playing for 2 hours and get stacked by the table donk with fd vs set you think why am i bothering when i could be 6 tabling indoors for a garunteed profit, to make it count live i suggest you go up 2 levels to compensate for the ROI your losing whilst not plotted up indoors 8+ tabling, it's a risk you probably dont need to take though. |