Prose from a Poshboy

[pleno1]

hi.

Jacks hand could/should be played a little differently imo.

3betting pre is whatever, but I would prefer to have a more super polarised range here and just flat with Jacks, maybe Mitch will squeeze sometimes and we can click it back and induce whilst smirking to him through the top of your jumper (pulled up obv)

When he 4bets I think we should 5b/call, making it 330 seems far better than jamming as it allows the Tall Anonymous blessed one to played absolutely perfectly vs us. If we jam he will call what he 4bet for value, and fold what he was bluffing with, if we make it 330 then it allows him to potentially spew with hands that he initially 4bet as a bluff with the dyanmics of the Mitch overall I think this is the only option (if we decide to 3bet pre flop)

Regarding your BRM, taking the money out would IMO be a big mistake, if you're a winning player then the money will come back and it is just a standard downswing.

I would suggest piling all the money online and giving live play a rest for the time being, allowing yourself a larger online bankroll and grinding 100-400 (preferable200-400 as 100 is abit nitty) and then taking shots in 600-1knl games when there are fish. Over this time, say 300k hands you will have built a bankroll back up both from winning and from substantial rakeback payments, whilst improving your overall game and fundamentals by playing more hands in this short period of time than you probably have for the last few years.

Staking is fun, but when you're under it a little bit you just have to stop as not only does it stretch you financially, but you can get anxious/nervous about stakee downswings and it is imperative to be 100% focused and not prone to tilting/bad mentality when trying to grind through it.

gl tho.

[luvtheUni]

hi.

Jacks hand could/should be played a little differently imo.

3betting pre is whatever, but I would prefer to have a more super polarised range here and just flat with Jacks, maybe Mitch will squeeze sometimes and we can click it back and induce whilst smirking to him through the top of your jumper (pulled up obv)

When he 4bets I think we should 5b/call, making it 330 seems far better than jamming as it allows the Tall Anonymous blessed one to played absolutely perfectly vs us. If we jam he will call what he 4bet for value, and fold what he was bluffing with, if we make it 330 then it allows him to potentially spew with hands that he initially 4bet as a bluff with the dyanmics of the Mitch overall I think this is the only option (if we decide to 3bet pre flop)

Regarding your BRM, taking the money out would IMO be a big mistake, if you're a winning player then the money will come back and it is just a standard downswing.

I would suggest piling all the money online and giving live play a rest for the time being, allowing yourself a larger online bankroll and grinding 100-400 (preferable200-400 as 100 is abit nitty) and then taking MTT player... Id definitely take a look into Pokerheaven .es and all of the new .es Spanish sites... the overlay these days is unreal. at least 50%-100% added on your BI... should be back rollin on £££ in no time!

[luvtheUni]

hi.

Jacks hand could/should be played a little differently imo.

3betting pre is whatever, but I would prefer to have a more super polarised range here and just flat with Jacks, maybe Mitch will squeeze sometimes and we can click it back and induce whilst smirking to him through the top of your jumper (pulled up obv)

When he 4bets I think we should 5b/call, making it 330 seems far better than jamming as it allows the Tall Anonymous blessed one to played absolutely perfectly vs us. If we jam he will call what he 4bet for value, and fold what he was bluffing with, if we make it 330 then it allows him to potentially spew with hands that he initially 4bet as a bluff with the dyanmics of the Mitch overall I think this is the only option (if we decide to 3bet pre flop)

Regarding your BRM, taking the money out would IMO be a big mistake, if you're a winning player then the money will come back and it is just a standard downswing.

I would suggest piling all the money online and giving live play a rest for the time being, allowing yourself a larger online bankroll and grinding 100-400 (preferable200-400 as 100 is abit nitty) and then taking MTT player... Id definitely take a look into Pokerheaven .es and all of the new .es Spanish sites... the overlay these days is unreal. at least 50%-100% added on your BI... should be back rollin on £££ in no time!

Ahhh quotes....my nemesis...we meet yet again!
I was sayin that being a good MTT player you might want to take a look into .es sites... specially Pokerheaven.es .... there is massive overlay in every single GTD....   or  since you need liquid £££ you could also give PLO100/200 a try on Ladbrokes... I insist I have never seen softer tables and you can just sit back...wait for the nuts and get some £££ quick... surely you will be back rollin on ££ in no time!  glgl

[DMorgan]

Id definitely take a look into Pokerheaven .es and all of the new .es Spanish sites... the overlay these days is unreal. at least 50%-100% added on your BI... should be back rollin on £££ in no time!

sigh such a slowroll. Just tried to make an account on pokerstars.es but it says you have to download pokerstars.com so I guess its only players inside spain that can use the site

[claypole]

FWIW Alex, and I can be bit anal despite deging - when I wasn't working for 18 months I always had pots of money and kept life roll separate.  I had an amount tucked away which was when I get to this I need to "think what next" - similar to you in shares, ISA, premium bonds so not liquid (although last one is).  I then always had 3 months "living  money" i.e. mortgauage, car insurance etc, and I'd top up to four months if I was ahead.  If ever roll got over x I'd top up premium bonds.  It worked.

It worked for me - but then I do worry a bit about money and have a few more commitments I guess than you - mortgage etc.

Clearly I became a losing player at post Feb 2012 so that all went out the window lol (I could say varaince, I prefer to think I just became shit).  In all seriousnous though - despite never reaching my "what next pot" - my roll depleteing did make me take this contract, so the money management side sort of worked to help make decisions.

Not sure what "total net worth is"...however if 40k is a large proportion EPT shots are probably a stretch don't you think unless sat or sell well probably 60% with a mark up?  

Hope thats useful - I think talking about this stuff is good and sensible, its such an important part of sustaining a life playing poker and discussing it is sensible; I know I used to feel a bit awkward discussing after a win with others who have less money- but equally I did iyt when I was skint as well

[Junior Senior]

 At the risk of sounding like an old man, what's your medium to long term plan? Do you want to buy a house, get married, run your own business or be a degen? That 40k is huge at your age and will set you up good for any of the real life shit that will come your way in the next 5-10 years. Don't break into it! You're good enough to grind what you have left back up, sell some pieces in bigger events but don't piss away your nest egg.  Oh and fold the JJ :-)

[Sulphur man]

hi.

Jacks hand could/should be played a little differently imo.

3betting pre is whatever, but I would prefer to have a more super polarised range here and just flat with Jacks, maybe Mitch will squeeze sometimes and we can click it back and induce whilst smirking to him through the top of your jumper (pulled up obv)

When he 4bets I think we should 5b/call, making it 330 seems far better than jamming as it allows the Tall Anonymous blessed one to played absolutely perfectly vs us. If we jam he will call what he 4bet for value, and fold what he was bluffing with, if we make it 330 then it allows him to potentially spew with hands that he initially 4bet as a bluff with the dyanmics of the Mitch overall I think this is the only option (if we decide to 3bet pre flop)

Regarding your BRM, taking the money out would IMO be a big mistake, if you're a winning player then the money will come back and it is just a standard downswing.

I would suggest piling all the money online and giving live play a rest for the time being, allowing yourself a larger online bankroll and grinding 100-400 (preferable200-400 as 100 is abit nitty) and then taking shots in 600-1knl games when there are fish. Over this time, say 300k hands you will have built a bankroll back up both from winning and from substantial rakeback payments, whilst improving your overall game and fundamentals by playing more hands in this short period of time than you probably have for the last few years.

Staking is fun, but when you're under it a little bit you just have to stop as not only does it stretch you financially, but you can get anxious/nervous about stakee downswings and it is imperative to be 100% focused and not prone to tilting/bad mentality when trying to grind through it.

gl tho.

Great post 

[smashedagain]

Does the business require any more investment? Is it all set up n ready to go.

Can you re join Team Eureka if need be

[atdc21]

Hi Alex,
The more i read on this site in diaries and other posts, the more i think what a great place blonde is.
Some very useful stuff discussed and plenty of helpful tips/hints.
I wouldnt advise you on hands etc but would like to give you my twopenth worth about the money side.
Having been self employed for 20 years i developed a knack of holding onto my money for as long as poss, i would say keep your saving locked up, drop down a bit , you ar egood enough to build back up, cut the staking down and deff cut out unnecessary expenses.
BTW plenos post is another absolute cracker, full of good advice imo.
Anyway good luck i will be at the £200 f/o in aug hope to meet some of you guys.

[tentwowilldo]

Have enjoyed reading this diary for a while now but never posted, you have obviously done really well in a short space of time and had some great experiences but you do seem to have taken on a lot ie starting a business, staking, playing online as well as live, Maybe you need to step back and look at what more profitable ie dropping down levels live or grinding a lower level of mtt . and also fwiw would get rid of beamer before i dipped into any long term investments

[prettygreen]

Get it quietly goulden!

[jakally]

Is being shortrolled hurting your win rate? (i.e. are you having to avoid playing games that are most profitable to you?).

If the answer is yes, then you pretty much got to release some cash.

As for the staking you are doing, unless it's very profitable to you, then would get rid.
If you are short of cash to play your own games, seems ridic that you are using some of your liquidity to stake others.

[CHIPPYMAN]

Is being shortrolled hurting your win rate? (i.e. are you having to avoid playing games that are most profitable to you?).

If the answer is yes, then you pretty much got to release some cash.

As for the staking you are doing, unless it's very profitable to you, then would get rid.
If you are short of cash to play your own games, seems ridic that you are using some of your liquidity to stake others.

[nirvana]

For what it's worth:

It's very hard to come by £40K lumps in life. I think the % of people that do is very small.

Even when you have a very decently paid job, it is very easy to spend £40K. If you don't have a predictable income, I'd imagine it's even easier.

I'm not saying that anyone should protect £40K at all costs as in life terms it's not really that much.

Whether the figure for any person is 10K, 40K, 100K the main benefit of keeping that lump intact is the sense of wellbeing it gives you - that you can ride a few bumps etc and still be in good shape, that you can approach other things you decide to do with greater confidence, that you can feel you have some return for your efforts.

I know a lot of people would think that money is there to be spent, is there to 'work' for you and I would take a lot of that ticket.

But I wouldn't underestimate the benefits to all kinds of (non obviously) related areas in your life that comes from keeping a little back and keeping it secure.

In a way, the fact you are meditating more on this immediate loss than previous losses perhaps, tells you more about the effect of seeing money potentially dribble away than anything most of us can say.

[RED-DOG]

Good Honesty as usual Alex, IMO I think freeing up some ££ is fine as you are disciplined enough that once you have binked another Monte Carlo (must be due one soon) or won a few sessions at cash will put the ££ back where it belongs.

Not saying this wud b wrong but fwiw i think u shud show ur professionalism and practise Gud BR managment with the roll u got building it up in order to take shots. What happens if u dip into savings and go on downswing, Cud easily leave u shorter than u want and then will u feel u need to dip in again. I understand u r a gud player and wanna b playing the biggest and best games and I am sure u will, but do it the right way. GL whatever u decide u seem sensible enough to make right decision for urself.

i ht psts lk ths they gt rt up my nz