How do you get over massive losses ? - Page 6 - High Stakes Poker Pot Limit and No Limit

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How do you get over massive losses ?

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12-30-2013 , 02:06 AM

#126

BoredSocial

Pooh-Bah

Join Date: Mar 2009 Posts: 5,018

I have to say seeing how hard I owned this thread brings a smile to my face 1.5 years later

12-30-2013 , 05:43 PM

#127

iPlayPLOhigh

banned

Join Date: Aug 2013 Posts: 4,533

Quote:

Originally Posted by BoredSocial

I have to say seeing how hard I owned this thread brings a smile to my face 1.5 years later

No way, the deposit $100 and grind it up after losing $500K won the thread.

Quality posts Social, I took a lot from them.

01-01-2014 , 03:12 PM

#128

React1oN

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 12,270

start winning

01-02-2014 , 01:39 AM

#129

wombat4hire

in touch with humanity

Join Date: Oct 2008 Posts: 6,940

Quote:

Originally Posted by harborlaw387

Hey, my situation is similar yet completely different, your situation is about 10000x better than me, but here is my input. I played live poker starting from 1-2 and in two years I built up a cushy roll to play 10-20-40 and 25-50 with. At 21 a half year ago, I decided to go take a shot in Vegas, which was a big mistake and I ended up losing 100k my first night there, emptying my bank accounts the next day and losing another 300k+ over the next day and a half. All playing pit games and none on poker. As a 21 year old college student I never knew how much money it was until it was all gone and I was stuck with no income and no way to play any poker. I felt sick to my stomach every time I thought about it and cursed myself a million times for letting myself play those games and going back into bank accounts to lose more. I was so mad because I could've been comfortable beating 5-5-10 nl and above with the amount of money i lost and I felt so stupid. A lot of 2p2ers will criticize and they are right. I believe it was a lack of bankroll management that killed my whole roll in 2 days and a lack of self control. Now no more b*tching, here is the bright side...

we are still young, and one of the things this close friend who is a live grinder told me is, we are young poker players, and as a young poker player we tend to be more careless and fearless, but because we are young we can rebuild. So many poker pros have gone bust many times in their life and hopefully this time will be the last time for me, and for you.

The first few months after that big lost I tried not to think of the money I lost too much because then I found myself devaluing money in smaller games. When I first sat in a 1-1 no limit live game again i sat there bitter and pouty because I felt like my skill level is so much more and I didn't deserve to be sitting there with the donks, while trying to grind out 100 dollar wins. But then I had a sort of epiphany, I realized that I won that amount of money by playing poker and I can do it again. I can start from the bottom, (which I think you did too at first), and now with all your experience you should be able to crush these low stakes games and keep a bankroll building goal, and because you have all this experience I advocate you taking shots sooner than others at a level you feel comfortable playing at.

That money is gone, but not forever. You can't win a war in one night, you have to take it bit by bit and day by day, but if you use a good solid strategy, you will eventually take over again.

Oh by the way, remember that the lowest limit players don't think as much as mid or high stakes and don't overthink playing in lowstake no limit....

(8 months after my big collapse I'm grinding 2-5 no limit and taking shots at 5-10 during good games)

Good luck and I know you can get back up there!

This is a fake story. harborlaw was a scammer.

01-02-2014 , 03:12 PM

#130

jay b.

adept

Join Date: Aug 2004 Posts: 1,044

For me it starts with not getting excited about massive wins

01-06-2014 , 10:01 AM

#131

rm81

old hand

Join Date: Aug 2008 Posts: 1,621

just get back to the action will help a little thats what Jimmy the Greek would say when he blew his huge bankroll and was playing 2/4 limit "hey its action"

I once had 553k mostly from sports betting I never went below 30k but I lost most of it and maybe will never get back to where I was in my twenties and that is tough to accept. Also try to make your life better in areas outside of gambling but try to win as well because getting things going upwards can feel good if you get some momentum. If you have more money than the day before or the month before it does not make you forget what you once had but it feels a little better.

Maybe it is bad advice but I think you also should consider having a few large tourneys in your schedule to give you motivation to grind hard because you are not going to make the money back anytime soon in cash games. So for my tourneys and longshot sports bets give me motivation to try to grind with the hope of a life changing score.

01-08-2014 , 03:02 AM

#132

gamboneee

Carpal \'Tunnel

Join Date: Jun 2010 Posts: 9,163

Quote:

Originally Posted by rm81

just get back to the action will help a little thats what nick the Greek would say when he blew his huge bankroll and was playing 2/4 limit "hey its action"

fyp.

taking financial advice from the greek?

to op - waste a lotta time thinking about hands that you know you cant change

09-20-2014 , 07:09 PM

#133

cardsandchips

stranger

Join Date: Sep 2014 Posts: 1

Massive losses are all relative (large or small).
Some people need to take time off to re-group.
I never do that I get right back on the motorcycle that threw me.
I will quote Chris Ferguson " You must be able to accept your poker failures".
If you do get back into the game do so to grind and accept small wins and limit your losses.
If you are fortunate enough to not have a job and to not have a wife and kids to provide for live below your means and drop all the way down to 1/2 no limit games.
Set your loss limit and stick to it. If you sit down at the table and double or triple up in the first hour get the hell out of there, go home, record your win, and go back the next day and do it again as small wins add up but will never compensate for large losses.
Never put your entire bankroll at risk in any game.
I do not have the luxury of being young like yourself.
I take my losses but still manage to pay my bills and have some fun at the same time.
I have no back-up plan and a small bankroll. I constantly read and make friends with the best poker players I know so that we may discuss strategies and help each other.
Last night I flopped a set on 9's with a flush draw on the board. I played them strong and a bad player got lucky (without having the pot odds) and drew out on me.
I re-bought, changed tables and again the same thing happened flopping a set of nines. I was $300 away from hitting my loss limit after 2 hours of play. Later I lost to a set of nines and went card dead for 12 hours as I am stubborn and no one likes to lose. I played tight and after 14 hours I finally realized that it was not my night.
The lesson I learned is that I should have realized it was not my night right away but like I said I got stubborn and stayed (as I often do and make some great comebacks). Looking back I broke a few of my own rules.
I was not on tilt but the one thing I do pride myself on is the fact that even when I am losing I try to always leave the table with chips and save them for the next day.
I am getting right back on that motorcycle that threw me and putting last night behind me. I will grind it back and when I do I will go right back to my tight table image (people think that I only play aces) and I will exploit my table image to my advantage when the opportunity presents itself.
I lost 200K during a divorce in Las Vegas.
I put that behind me and don't even think about getting it back as I probably never will.
At my age I will never get rich playing 1/2 and I could go broke as well.
Put the past behind you and let your hard lesson make you humble.
Do not make the same mistake twice and do not play high stakes for the adrenaline rush.

09-28-2014 , 12:21 AM

#134

tmckendry

Pooh-Bah

Join Date: Jul 2010 Posts: 4,201

Very rarely take large shots.

10-07-2014 , 08:51 AM

#135

FlushYouAcehole

centurion

Join Date: Feb 2007 Posts: 159

bump for solid advice found here.

10-14-2014 , 03:01 PM

#136

deep33

journeyman

Join Date: Dec 2013 Posts: 320

just wanted to drop in an say great thread and advice from those who been there done that, just read through the whole thing. thanks to all who shared their stories and whoever bumped this

10-17-2014 , 04:50 PM

#137

berbz007

journeyman

Join Date: Jul 2012 Posts: 244

Great thread, but it's made me wanna withdraw my roll.

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