I think this might be it. Second deposit on Carbon blown away – another consistent downhill slide showing all the signs of just plain losing. Not bad luck, not a downswing, just putting my money in behind and calling when I’m beat.
Options? Deposit again and keep trying, or maybe even get some microstakes coaching? There’s some coaching at $25/hr which is affordable I guess.
Or just give up? Spend my time on something else, find a new hobby that’s not depressing.
I think, sadly, that it should be the latter.
2008 – 2011
(blue = with Rakeback + bonuses)
Sorry to hear you’re thinking of giving up
It seems to me that you are very knowledgeable, and have many of the attributes necessary to be a winning player. From the hand histories that you kindly sent over I can’t really understand how things have gone so poorly for you. There were a few mistakes I’m sure, but isn’t that the point? The winners just make fewer than the losers…
If you choose the coaching option, I would def be interested in hearing how it went because it’s something I’ve been thinking of doing myself because I’ve been break even for 200k hands or more now. If you do choose to give up, then best of luck with the future and it was nice talking poker with you!
Simon
I think if I was less knowledgeable I’d carry on
The thing that causes me pause are the variance graphs where a 5bb/100 winner can be anywhere from a massive $$$ winner to a huge loser, and the rake.
I’ve calculated my rates of rake for the stakes with the most hands – nl5 rush was -13bb/100 (36k hands – $246), 6max cash was -15bb/100 (30k hands – $229), nl2 was -14bb/100 (30k hands, $80).
So according to that I’m actually a 10bb/100 winner, but I’m paying all my winnings to the poker sites. We argue that poker is a game of skill, but the house is still winning.
According to HEM I paid $942 in 93k hands at $25FR for -4bb/100. According to PT3 at $10FR I paid $1462 in 188k hands for -8bb/100. This doesn’t seem right to me, the HEM number looks way too low but the PT3 figure looks more reasonable given my ‘style’. How easy would poker be if rake didn’t exist?! It would be lovely if someone could create a simple poker client that offered rake free games. Oops, looks like some players are attempting just that: http://forumserver.twoplustwo.com/28/internet-poker/rake-free-open-poker-room-run-poker-community-938389/
One of the reasons I picked full ring is because of the lower long term variance, my standard deviation is around 35BB/100 whereas I believe 6-max to typically be over 60BB/100. I’m not encouraging you to change games, but you’re right variance could certainly be a factor over that sort of sample size.
[ ] op is braziliand
I might have a go on BetRaiser. Two reasons it might prolong the time before redepositing – a) no rake, b) no players…
yeah, I’ve seen these non-corporate poker ideas. For a while I was quite taken by the p2p style where you don’t have a central server – all quite possible.
However it all falls apart once you think about it enough. The first reason is the money – bitcoin is crap (and from the recent devaluation it’s unreliable too), and the second is traffic. Without a company putting the effort into marketing (because they expect a ROI on that & make loads), then traffic will never grow. No matter how much the true believers evangalise about it.
I did see that one of the payment processors had come up with a possible solution for the money thing – they’re looking at being a micro-escrow service that can cater for betting. Still too early to say if it would work for poker though.
I just read that Party poker are removing all multi table tourney rake for a limited time… Might have to dust off my old account
ah, cool! Not exactly rake free cash games though, but still good to try
Apologies for the endless commenting… Now that I don’t have Rush I’ve obv been shopping around for alternatives. The Stars micro full ring games seem soft but I’m wondering if there’s better games out there that include rake back.
The Betraiser system looks amazing, I’m pretty shocked that they’ve not got higher traffic. Have you given them a go yet? Rake free plus 7% yearly interest on deposits?! It really does seem too good to be true tbh.
You and everyone else
iPoker seems the best to me at the moment in terms of rb and traffic, although I’ve not deposited anything yet.
Betraiser would be awesome, but the traffic is non-existent. I’ve had an account for a while but just not played there since there’s never enough going on. The other day I checked in and there was one nl10 table and that was it! Tournies get a bit more traffic, but only just. Real shame…
wait, 7% interest on deposits? Wow, that’s better than most saving schemes (since our base interest rate is so low). That’s dangerous – I could be sticking all my savings on there and then one night decide to go for a gamble…
haha yeah, dangerous indeed
You’re right it’s a real shame, with decent traffic it would be like printing money. I think I’ll create an account for the tournaments and to keep an eye on the site’s progress.
Thanks for the info about iPoker, I’ll have a look there next.
tl;dr
Sup Meteroic, good to your blog still going strong. Shame you’re on such a bad run
Anyways just thought I’d drop by. hit me up at my usual email if you wanna chat.
hi yegor! poker still playing you?