Prose from a Poshboy

[mondatoo]

also being able to chill out when ur tilted rather than having to stay in game etc is huge, plus the tiny % of time that you are tilted and play roulette etc etc.

#justsaying

Fridays online > Fridays live

lol, you're a prick!

 

[leethefish]

such a shame dtd is now a casino.

Will that stop you from playing there now?

It's one factor. You won't see me there again Herbie

Do you mind elaborating on this or not?

[GreekStein]

such a shame dtd is now a casino.

Will that stop you from playing there now?

It's one factor. You won't see me there again Herbie

Do you mind elaborating on this or not?

Unfortunately not.

[leethefish]

such a shame dtd is now a casino.

Will that stop you from playing there now?

It's one factor. You won't see me there again Herbie

Do you mind elaborating on this or not?

Unfortunately not.

Ok no worries... thanks anyway

[zerofive]

Table games are absolute nut low. Before you next play, think of the money in real note form and give it a real monetary value. This sucks for poker but a penny saved = a penny earnt!

I know this sounds like obvious advice Alex, but take it from someone who literally went broke playing roulette once - it's good advice. I'm aware this is a rare slip up for you and that you're generally a smart guy, but you have to know it's a slippery slope.

It's a theory known as the "misery threshold." The idea is that, once you've dropped a certain amount of money, you're experiencing the most pain you can take and losing any more will not add to the misery. Once you reach this threshold, you have to literally head to the door straight away. That £250 that you just flicked in; it's not a lot of money to a guy doing as well as you are at the moment, and it's not a lot of money relative to the couple of thousand you already lost. As Adam said, though, £250 is a lot of actual money however you look at it: 125bb, food and petrol for the month, etc. Just be careful mate.

[rfgqqabc]

Table games are absolute nut low. Before you next play, think of the money in real note form and give it a real monetary value. This sucks for poker but a penny saved = a penny earnt!

I know this sounds like obvious advice Alex, but take it from someone who literally went broke playing roulette once - it's good advice. I'm aware this is a rare slip up for you and that you're generally a smart guy, but you have to know it's a slippery slope.

It's a theory known as the "misery threshold." The idea is that, once you've dropped a certain amount of money, you're experiencing the most pain you can take and losing any more will not add to the misery. Once you reach this threshold, you have to literally head to the door straight away. That £250 that you just flicked in; it's not a lot of money to a guy doing as well as you are at the moment, and it's not a lot of money relative to the couple of thousand you already lost. As Adam said, though, £250 is a lot of actual money however you look at it: 125bb, food and petrol for the month, etc. Just be careful mate.

Btw, no way the misery threshold theory works. It may feel like you couldn't feel worse, but you definitely will. 100% massive regret about that £250 today. Remember the pain and use it! Sucks I haven't been able to get to dtd for so long, I'll do my best to make a trip soon to see all the heroes again. Getting the lot today? Plans for tomorrow?

[cambridgealex]

Hmm, I sort of agree, but I sort of don't.

I've always seen tables games as -EV fun. I probably play once every 2 months on average. I see every spin as £EV. The wheel's edge is 3% or something? So the EV of a £250 spin is £242.50. Say £240.

So the way I see it, that spin is costing me £10 in the long run. I'm paying £10 for the chance to get out of it, and I'm fine with that. I don't do it often, I don't want to make a habit out of making -EV decisions. But once in a while, I have a punt.
 
It's all about morale, and since morale wouldn't have changed if I lost 1800 or 2000, I just wanted to spin and try and get out of it.

So I don't really agree with the thinking that "Thats £250 you've just thrown away". That's like saying I "chucked away" £500 playing that deepstack yesterday. Or making a river call that lost or a bluff that didn't work. I paid £500 to enter the deepstack yesterday. I did this because I believed it was a +EV move and in the long run, it would be a profitable tournament to play.

Since I didn't make day two, I didn't realise the equity of that decision, but you wouldn't say I chucked the £500 it away would you?

[cambridgealex]

Today couldn't have been more polar opposite to yesterday. Well, not exactly, I still got up at 2pm, fed Holly and checked on the kittens, ate cereal and drove to DTD to play the deepstack. But the day's poker couldn't have been more different.

I started with 30k, and went down to 15k making a 3b squeeze in a really really (I initially wrote one 'really' but decided to emphasis it by adding another, in an attempt to excuse my play) good spot and getting the pot heads up, in position vs the guy with the weakest range. I had a tight image, position and a (semi) playable hand.

Postflop I think was standard, I made a standard small cbet on , I knew the guy had a small-med pair or suited connectors, So I had to cbet and was firing most turns if called. When he called I put him on 33,55-88 and the occasional ace high. The turn was 3, giving me an open-ender, and he had about pot left, and I just have to set him in here, it's burning money not to, no way he's calling with anything really, except the hand he had - 33 - really cold imo, obv I can fold pre, but it was too good a spot to turn down, even in a soft comp, and it's really fun getting the badge out and making a hero play I think I got coolered postflop anyway.

From then on, I grinded like an absolute BEAST! Quarter avg, half avg, quarter average, half average, finally got near to FULL average then lost half my stack again!

Then I think the pokergods rewarded me for my patience and hard work and gave me a nice 4card flush with 77 aip vs TT, to get me to average. Then won quite a few pots without showdown in the last level and finished on 140k (avg 110) which I'm REALLY pleased with, really proud of how disciplined I was today, could have so easily just chucked it in and gone to play online.

Fun sharing a table all day with Jamie "Nit Tendancies" Sykes, confirmed hero and my partner in grind. Both had bowls all day and spun up towards the end.

Really looking forward to tomorrow now. Dunno what's ftw, £150k prizepool (there was a 13k overlay ) so I guess 40-50k. GETTTTT!

[PeeJay]

Standard line for a poker player to have a punt every now and then.

[rfgqqabc]

I always have snap massive regrets on any sort of punts live, and I'm very conscious of staying away from them. The problem with saying its just a £250 spin, is a) the possibility of it becoming more and b) £250 spin, wins you 700 say. Would you stop there? Or does 1 250 spin become 3x 250 spin 2x 300 spin, in which case your -ev is mounting up. I mean, I agree with morale, but i know for myself, the loss of 2000 is greater than 1800 with an x% chance of getting out the hole. This might just be due to roll size. I suspect you have a lot more bis than I do, even if we compared it in big blinds for main game, so possibly this explains my nit nature. Plus working in my dads bookies and seeing people just gamble there life away, not that I anticipate it happening to you.

[cambridgealex]

I always have snap massive regrets on any sort of punts live, and I'm very conscious of staying away from them. The problem with saying its just a £250 spin, is a) the possibility of it becoming more and b) £250 spin, wins you 700 say. Would you stop there? Or does 1 250 spin become 3x 250 spin 2x 300 spin, in which case your -ev is mounting up. I mean, I agree with morale, but i know for myself, the loss of 2000 is greater than 1800 with an x% chance of getting out the hole. This might just be due to roll size. I suspect you have a lot more bis than I do, even if we compared it in big blinds for main game, so possibly this explains my nit nature. Plus working in my dads bookies and seeing people just gamble there life away, not that I anticipate it happening to you.

If I'd binked the first spin I would've stopped. I split £125 on 1,2,4,5 and £125 on 17,18,20,21 so I would've got £1100 or something then I would've just quit for sure.

I think it's fine if it's in controlled small amounts. Say <5 spins a month or whatever. I'm never gonna get into that sort of stuff, my mind just doesn't work in that way.

[zerofive]

I don't do it often, I don't want to make a habit out of making -EV decisions. But once in a while, I have a punt.

I paid £500 to enter the deepstack yesterday. I did this because I believed it was a +EV move

That's the difference and that's why I wouldn't say you "chucked £500 away." Also saying it's costing you £10 to get out of it is incorrect. It's costing you £10 to breakeven, and £250+ to get out of it. The fact that it's a one-off, morale-centred punt means I'll stop trying to lecture you though.

[smashedagain]

I've always seen tables games as -EV fun. I probably play once every 2 months on average. I see every spin as £EV. The wheel's edge is 3% or something? So the EV of a £250 spin is £242.50. Say £240.

So the way I see it, that spin is costing me £10 in the long run. I'm paying £10 for the chance to get out of it, and I'm fine with that. I don't do it often, I don't want to make a habit out of making -EV decisions.

Sorry to have to tell you this mate but your roulette maths is badly flawed. In poker terms you are saying "you have to play any two cards every hand because you just don't know what is coming on the flop"

Having run the numbers through  roulette stove for you I can conclusively tell you that of a sample size of a billion players not one person has ever took £250 to a roulette table and left with £240.

47.8489030% lost the £250 and never got above their starting balance
42.3997281% showed a profit at some point in the evening but blew it all before home time
8.5782994% left the casino showing a profit only to return at a later date to give it back and then some


Of These people surveyed surprisingly we find that 70% of em claimed to be level for the night.

Please just play the tables for the fun/craic/bants etc because you will always win then.

[atdc21]

good luck today alex, keep off the wheel, the edge is only that small if you play ultimate stratagy, good post herbie.

[tikay]

lol, love Herbie's post!