entertaining blog

[Wardonkey]

He's had a crazy ride. He started with nothing and has enjoyed a year of high stakes gambling, doing his own thing and answering to no-one.

Now it seems the wheels have come off and his ride is all but over. If all he loses is his ISA and he can avoid getting into debt then he's still had a great year. I think given his honesty and openess he may be able avoid desperate trouble and get help if he needs it.

Good luck to him.

[Sark79]

I just read this from Feb last year.  It is very entertaining to read his journey.  I don't think he has any fear of losing cash whatsoever.  Why the heck doesn't he play £1/2 on Crypto?  He would be making good money at that level and wouldn't have the crazy swings that he does.  Maybe I don't have a gamblers mindset, but even £1/2 NL is high stakes for someone like me.  He says things like "only played £2/5 today" as if it is micro limits..  crazy, but in a lot of ways I do admire him for his brave ( reckless ) attitude to playing, he plays without a safety net all the time

[AndrewT]

Ed's blog is probably the most extreme example of what fuels a lot of the high stakes poker on the internet.

A lot of these players are straight out of school or university and have never had 'a proper job'. Many of them have no financial responsibilities (no mortgage or kids) and have never known real financial hardship. As such, when they win big at poker, once they've bought a few luxury items for themselves, they really have nothing to spend the money on except higher stakes tables.

A player with more life experience is far more likely to save this extra money for a rainy day, as they know that tough times can always be just round the corner. A kid has never known anything except financial good weather - for them the skies are clear. Hence they gamble their way up to the biggest tables. Also, whilst it may hurt to lose all their money, it's not the end of the world. If the worst comes to the worst, they can always move back in with mum and dad and go and get a job.

Still, he's going to feel a bit of eejit when he reads it all back at some point.

[Sark79]

I found this on P5's.  It looks a bit like tanks STT pyramid system.  I know tank isn't a fan of that system, but do you think this would work?   There seems very little risk involved as you can only lose your initial buy in at that table .   If this is a good system, it should be pointed out to the blog guy by someone, it may be a help to him.

http://www.pocketfives.com/A134D96D-2630-4C03-AAD6-CC49272F4932.aspx


In second thoughts, he may not have the self control to stop and may end up losing even more than normal

Is there any worth in something like this?   opinions 

[AndrewT]

I found this on P5's.  It looks a bit like tanks STT pyramid system.  I know tank isn't a fan of that system, but do you think this would work?   There seems very little risk involved as you can only lose your initial buy in at that table .   If this is a good system, it should be pointed out to the blog guy by someone, it may be a help to him.

http://www.pocketfives.com/A134D96D-2630-4C03-AAD6-CC49272F4932.aspx


In second thoughts, he may not have the self control to stop and may end up losing even more than normal

Is there any worth in something like this?   opinions 

It's essentially a Martingale-style staking scheme, albeit in a +EV environment (provided you're a winning player) as opposed to the -EV world of roulette.

If at any point during the session you drop below half of the max buyin, quit and drop down to the level below.

This is the major flaw in the plan. In a NL cash game you can get stacked for all the money you have at the table - you may not be able to get out with only half a max buy-in. As this is supposed to be the thing which stops you from going broke, this is a big problem.

Essentially, the plan is to have all your initial buy-in on the table at once - I'm sure I don't have to explain why this is poor bankroll management. If you don't have the discipline to cash out when you're ahead it's doomed to failure.

[Sark79]

I think this is why I only like playing STT. When I don't cash, all I have lost is $5 or $10, but with cash games the temptation to re-buy again and again would be strong.

[Sark79]

From reading his blog, he seems like a really nice and decent guy. He should definitely write a book about the last year, not many 19 yr olds have had that kind of poker year.  Smart guy, I hope he does well.  Good luck

[sharky_uk]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

[Sark79]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

lol,  by the way he writes, it is clear he is a bright guy

[AndrewT]

And it's over.

http://88percent.blogspot.com/2007/01/final-post.html

[sharky_uk]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

lol,  by the way he writes, it is clear he is a bright guy

By the way he manages managed his bankroll he is clearly not that bright!!!!

[Zebediah]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

lol,  by the way he writes, it is clear he is a bright guy

By the way he manages managed his bankroll he is clearly not that bright!!!!

That is self control, not intelligence, and he is clearly intelligent.
After a break and a bit of maturity he will probably come back a better player you and I can ever hope to be.

[marcro]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

lol,  by the way he writes, it is clear he is a bright guy

By the way he manages managed his bankroll he is clearly not that bright!!!!

That is self control, not intelligence, and he is clearly intelligent.
After a break and a bit of maturity he will probably come back a better player you and I can ever hope to be.

Agreed.  The young guns did not get to the high limits by grinding away at the low limits.  They risk their entire bankrolls and a small percentage make it.  The blog was well written and I can feel his pain.

[boldie]

Smart guy, I hope he does well.  Good luck

Maybe not the adjective I would have used...

lol,  by the way he writes, it is clear he is a bright guy

By the way he manages managed his bankroll he is clearly not that bright!!!!

That is self control, not intelligence, and he is clearly intelligent.
After a break and a bit of maturity he will probably come back a better player you and I can ever hope to be.

Agreed.  The young guns did not get to the high limits by grinding away at the low limits.  They risk their entire bankrolls and a small percentage make it.  The blog was well written and I can feel his pain.

I half wish I had his guts to be honest...not to the level that I would piss away my entire bankroll but to climb up a level or two (which my bankroll would allow me to do) and not feel uncomfortable when playing higher stakes.

[Eyeofsauron]

I reckon he'll be back playing within a month, and have committed suicide within three.