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Old 03-08-2010, 06:10 AM   #1
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COTW: Moving Up/Moving Down

INTRODUCTION

As a preface, this COTW isn’t for everyone. There are many players who play poker recreationally. They can re-load their bankroll from other income comfortably. Poker becomes a form of entertainment, like going to the movies. Therefore, being a consistent losing player isn’t a big deal, since it can be seen as simply another cost of their life. They never need to move down. Others are happy playing at the level they are playing, are winning, and therefore never want to consider moving up. Both of these are perfectly fine and there is nothing to criticize in those approaches. If you are in those camps, I wouldn’t bother reading what is below, unless you are interested in how other people will approach poker. It just doesn’t apply to you.

This COTW will cover what are really two different subjects, especially in how one looks at them. Moving up is highly dependent on the individual involved. There’s no standard right answer. What I hope to do is give what questions you should be asking yourself so you can find the answer that is right for you. Moving down is different. The hard law of poker is that if you are a losing player at a level, no bankroll management skill will keep you afloat if you don’t re-load. Moving down can be voluntary, but often it becomes a necessity if you treat your bankroll as irreplaceable. In the micros, that is almost never the case unless you chose to make it so. Most people can find several hundred US dollars if they chose to. As a personal opinion, if you plan to move up, you need to practice all your skills, including bankroll management when the cost of failure is low. More on bankroll management can be found here.

Since I like to end with a high note, we’ll look at moving down first.


MOVING DOWN

This is an extremely difficult area for any poker player, no matter high they play. There are multiple reasons. The first is due to addiction. Part of what draws most people to poker is the gambler’s high. Phil Ivey recently commented that he enjoys gambling the most when he is on the edge of ruin and has to fight back. That’s why you see name pros doing prop bets that can be in excess to the actual stakes at the poker table. There’s no question that some people are more affected by this than others, but it is not an effect that can be ignored.

The problem with moving down is that the stakes move down as well. Because the stakes are lower, the gambler’s high is less. Without the high, poker is boring for most people. That’s why you see so many hot internet pros lamenting that they are unhappy and can’t imagine playing for the rest of their life. The high is gone.

Another reason is ego. You talk yourself into, “I’m a 25nl player,” instead of “I’m a poker player.” Your self-image gets wrapped up in the level you play. Leaving it means losing part of your identity. In addition, there the idea that you know lots more than the people you play against. “He’s an idiot, how could he call my raise with T8o.”

Variance. Variance allows us to fool ourselves. Virtually nobody admits to be on a heater. When we speak of variance, it is always forcing us to win less than we should. However, variance can keep us at a level where we feel like we can win. We win enough of the time that we can make an excuse like, “I just hit the top of his range.” Related to this is that poker does allow us to win hands. We remember the winning sessions more than the losing ones.

Bankroll supplements also keep us in the game. If you play on Pokerstars, there’s regular reload bonuses that allow one to top off, telling yourself that you’re just taking advantage of the bonus. Or you talk yourself into that you’re just running bad and will put a little back in to cover yourself.

Friends can sabotage you. No friend wants to tell someone that they can’t beat a level of poker, they just say they’re running bad. Your villains don’t want you to move down either, so they’ll say whatever it takes to keep you playing. Finally, there are VPPs or Iron Man rewards to earn. Moving down means losing status, as well as rewards.

Therefore, virtually everything and everyone is conspiring to keep you losing money. Sure, you could learn more and then hope to win. Yet as we move up, the work involved to keep up and improve becomes harder and the edges gained narrower. Your money may not last long enough for the improvements to take hold. You can count on only one to do this for you:

You.

The way is to be brutally honest with yourself. Humans don’t like being honest about themselves, but that is what separates people from winners in poker and everyone else. It means facing reality.


Reality Check #1: The average player in the micros loses over -3ptBB/100.

Yes, people lose on average more than 3ptBB/100. Being average isn’t good enough. You need to be in the top 40% to just break even. To consistently make money, you have to be even better. It goes beyond the old saying of, “if you can’t spot the fish at your table after 30 minutes, you’re it.” If you can’t spot a few fish and 4-6 meh regulars, you’re at the wrong table. If a majority of tables don’t meet these criteria, you really aren’t able to beat that level of poker. There’s nothing wrong with playing BE poker for a while as you gain experience and improve. However, don’t fool yourself into thinking you’re a winning player and things will turn around on their own.

Reality Check #2: If you can crush a level of poker, you won’t have a sustained losing streak.

Yes, variance exists. I know poker can be a struggle even at 2nl if that is the top level you play. However, most players in the upper micros would admit that that if they had a 50k hand break-even stretch at 2nl, something would be wrong with their game. The reason is that most upper level micro players can play at a level so superior to average 2nl play that even if they are running bad, it simply means they are running 2-3 ptBB/100, not the +10ptBB/100 (or more) they can run.

Therefore, if you are continually losing, at best you are a BE or slight winning player at the level.

Reality Check #3: We suck at poker, we play in the micros.

Nobody who plays in the micros has a completely solid game. We all have leaks and to top players, big ones. As you move up, the leaks get harder to fix because they have become habits. CMAR wrote a great thread on this , and Alan Schoonmaker has written that winning poker is unnatural, because the natural thing to do in poker is to lose. The higher you play, the more expensive it is to break those habits.

Here are the things that should be warning signs that it is time to move down. The list isn’t exhaustive, but I think covers the big reasons.

1. You’ve made a fold because you didn’t want to risk the money.

If you are turning down a +EV call because you don’t want to risk losing the money, you are playing too high. It doesn’t matter what your bankroll is. This is one reason that live poker differs from on-line. Virtually everyone playing at 1/2 or 2/5 is underbankrolled to some extent. It does impact people’s decisions, both in making bets and calling. It is a huge edge for someone who is unconcerned about losing a stack. If you aren’t able to take advantage of it, move down.

2. Having less than 10 BIs for a level in your BR.

This isn’t the same as having 10 BIs in your account. Yes, you can lose it all in one night if all you have is 10 BIs. Minus 5BI swings occur on a routine basis for me. It happens fast.

3. Frustration.

If you don’t understand what people are doing to you, their betting patterns make little sense, or you feel the regs are outplaying you, move down. You need to study some things and try some new things out. It is cheaper to do it at a lower level as you work through your mistakes.

4. Your green line keeps trending down.

Obviously, you can run bad at times. If over time the peaks are smaller and the valleys deeper, you aren’t winning. How much time is subjective and depends on volume. I believe that if you have two months of losing at a level, you have sufficient warning that it isn’t primarily variance.

5. You want to make significant changes to your game.

It is much cheaper to make mistakes at a lower level. If you decide you want to move from a 12/8 Tag to a 20/18 sLag, you have to do a lot of learning how to handle trickier post flop situations. That will come only with time and you will make mistakes. Make them at a discount.

There’s no shame in moving down. Many top pros (especially cash players who have been around) have written about multiple failures in beating a level, but having the courage to move down, rebuild their BR, fix their leaks, and try again.


MOVING UP

Admittedly, reading about moving down is a bit depressing. Therefore, here’s a little transition music to prepare us for the next subject.

One of the more popular thread questions is, “Am I ready to move up?” The answer is: You’ll never know for sure until you do it.

/thread






OK, there’s a little more to it. Deciding when to move is a personal decision, and is more dependent on your personality than lots of other things in poker. The baseline criteria are:

1. You have 12 BIs at the newer level.

Less than that, you are risking your BR (see above).

2. You have won money at your existing level for some period of time.

That means don’t move up because you think your “style” will win at a higher level. If you can’t beat 10nl, you can’t beat a higher level. Really.

Anything less than this, don’t do it. Nobody is really ready when they move up. How can they, they’ve never played at that level before? The questions below should help you decide if you are ready.

The first question to ask is how big of a bankroll do I need to make +EV decisions despite the potential risk of losing a BI. Everyone is different. Some can do it with as little as 12 BIs, but there are others that need 50 or more BIs. No one but you can answer that question. I'll simply note that the fewer the BIs you have at a level, the more ready you need to be to move down.

The next is to honestly ask yourself if you are one of the best players at the level you are currently playing. This gets overlooked frequently. Remember, you need to be in the top 40% of players to even BE at a level. Most regulars you’ll run into at a higher level can routinely beat the level you are at currently, even if they can’t beat that higher level. The competition is going to be tougher. You’ll know that you are in that top tier if,

1. There’s nobody you’d avoid or fear at a table.

It doesn’t mean you don’t respect them, but it means if it is a good table, you don’t leave it because they happen to be on it.

2. On Pokerstars at least, you’ll play the 50bb tables.

It isn’t a secret that the 50bb tables are tougher than the regular tables because the regulars like playing 50bb tables. If you’re avoiding the 50bb tables because there are too many good regulars, you aren’t in the elite.

3. You’re winning on weekdays as well as weekends and holidays.

Weekends and holidays are softer. If you can’t win during the week, you aren’t one of the best.

After this is the “King Spew” test. You play one table with the purpose of focusing on hand ranges and behavior. If you can predict what people will do and nail the hand ranges, you understand the level you are playing.

Doubling your bankroll is last. If you can double your bankroll, it shows you can win for a sustained period of time.

What I would not do is focus on having a specific WR over a certain number of hands. Poker is not a static game. Your game should be continually improving. The better players at your level are getting better, too. The WR will never converge, so don’t focus on it. Don’t limit yourself to a number of hands before you move. There is so much information on this forum now that a beginning player who worked hard could crush his way through the lower micros in weeks. To tell someone that they need 25,000 hands before moving from 2nl to 5nl is ridiculous if they are winning at 15 ptBB/100.

Once you move, just a couple of things to keep in mind. Everyone the first time is a bit nervous. That’s normal. You are a random to most of the players. The bad news is that you don’t have many stats on them. However, they don’t have much on you. People will tend to give you credit at first for your moves. Keep in mind that over a short period of time, people will start getting a handle on your game. Don’t change your game when you start. No level is vastly different that you won’t be competitive with what was a winning game before. More information on the differences between levels in the micros can be found here. Finally, set a stop loss. Again, this is personal, so I can’t give specific advice. However, set it at a level just less than it would take to put you on tilt. If losing 2BIs at the new level will have you posting about the bad hit you took, set the limit at 1.5 BIs.

The big thing is that I encourage people to try to move up. Even if you lose, the worst that happens (if you follow the above advice) is that you move back down again. You’ll learn some things that you hadn’t seen before. Your leaks will get exposed and you can correct them. Since all you need is $40 (20BIs for 2nl), there’s little reason not to try to move up. Don’t let fear beat you. I believe that people move up too slowly rather than too quickly.


CONCLUSIONS

Moving down is one of the hardest things for a poker player to do. You can only rely on yourself to know when it is time which requires being brutally honest.

Moving up is more subjective and depends on your personality. Don’t be afraid to try, though.
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Old 03-08-2010, 06:15 AM   #2
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Re: COTW: Moving Up/Moving Down

This is awesome thanks
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Old 03-08-2010, 07:30 AM   #3
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Re: COTW: Moving Up/Moving Down

great post, thankyou.

When I put 300$ in my account to play 10NL I decided that I would move up a level if I got to 500$.

Recently got there after playing 16000 hands, but I do not think I am prepared yet. I still want to improve my game and I know I have many leaks.

I am very happy I found this page recently, I'm reading all the past COTW's, posting hands and analyzing others and I am planning to post in the graphs and analysis thread. I hope some of the regs will help me get better.

Last edited by vipeldeu; 03-08-2010 at 07:30 AM. Reason: spelling mistake
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Old 03-08-2010, 07:37 AM   #4
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Re: COTW: Moving Up/Moving Down

One thing to keep in mind when moving up or down is to see if you're running hot or cold. One easy way to do this is looking at all-in EV. My first time I gave 25NL a shot, I was doing pretty well at 10NL. However, after really understanding what AIEV was about, I checked and saw that I had run 20BI(!) over AIEV during my time at 10NL and was really playing terribly. I had a lot of leaks and was just demolished once I moved up when the rungoot dried up against better players. I had a lot to work on and even had to drop down to 5NL to work on stuff. But not looking at AIEV really fooled me into thinking I was playing better than I was.

A lot of people will move up by transitioning a few tables at a time. If you are a 25NLer who 6-tables and want to try and move up, perhaps playing 2 50NL and 4 25NL tables is the way to go so that you can keep playing 25NL while getting your feet wet. A lot of players consistently will play a range of stakes in order to find the softest competition they can.

Remember that just because you have 20BI for a stake doesn't mean that you want to go broke. If your BR is $500, that doesn't really mean you have 20BI for 25NL since presumably you'll move down if you drop below a certain bankroll, so decide how many BI you are willing to lose at that stake and plan accordingly. This will depend on how much money you want to have left if you lose the amount you are willing to risk at taking your shot at moving up.

The good thing about giving yourself a lot of BIs to lose at taking a shot is that you have a lot of room for error and variance and adjustment. The bad part about it is that if you lose that money, it will take a lot of grinding at your previous stake to rebuild. If you want a 10BI shot at 25NL, that's 25BI at 10NL. By the same token, if you only want to take a 5BI shot at 25NL, that's only 12.5BI to grind up from 10NL. But 5BI isn't a lot and will leave you susceptible to a bad streak. I'm not sure which is better. There's probably not a correct answer. Personally, I think in the micros, it's better to be aggressive with shottaking, but have a shortish leash. The goal is to get out of the micros. If there are some hot streaks mixed in there, that's ok. We don't need to find out our "true" 100k hand win rates at 25NL. I know I mentioned the AIEV above, but only because it was at such an extreme 20BI difference.
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Old 03-08-2010, 07:41 AM   #5
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Re: COTW: Moving Up/Moving Down

Great post, thanks!
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Old 03-08-2010, 08:13 AM   #6
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Re: COTW: Moving Up/Moving Down

Good post, convenient timing for me as I've just reached my BR requirement to start mixing in and hopefully transition to 100NL. I'll definately be taking the 2BI stop loss into account, I usually have it at 4BI's for 50NL but I think for the first few sessions keeping the same $ stop loss rather than BI stop loss will help keep me focused.
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Old 03-08-2010, 08:31 AM   #7
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Re: COTW: Moving Up/Moving Down

kind of inspiring to me, thanks
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Old 03-08-2010, 09:59 AM   #8
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Re: COTW: Moving Up/Moving Down

Quote:
Originally Posted by venice10 View Post
The way is to be brutally honest with yourself. Humans don’t like being honest about themselves, but that is what separates people from winners in poker and everyone else. It means facing reality.
Nice series of reality checks follows this quote.

Lie to your friends, your wife, the guy at the club BUT, Be honest with yourself and IF AT ALL POSSIBLE get a "poker buddy" that you can be honest with and will be honest with you.

John Vorhaus's book Killer Poker was instrumental in helping me come to grips with this. (The book wasn't a lot of strategy per se, but a good overall poker book for those serious about the game).
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Old 03-08-2010, 10:30 AM   #9
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Re: COTW: Moving Up/Moving Down

very good post venice, loved it. Didn't read most of the COTWs but this one I did.
Especially the part on moving down, one of the thing I had the most trouble with moving up

Did you write in your post you should also play lower if you are drunk but still want to play?

nah, with a stupid joke aside, great post man!
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Old 03-08-2010, 11:03 AM   #10
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Re: COTW: Moving Up/Moving Down

Pretty good post. I do have some questions.

You say to use 12 buy ins for the next level before you move up. I am assuming that you mean 12 buy ins when playing 4 tables or less? Or do you mean playing 1 table? I had always thought the consensus was 20 buy ins (if you have the ability to move down) before moving up.

Also, I don't think you have to be able to beat the best at your level to move up at all. As long as you can hold your own against the better players, then with good table selection you can easily move up. Yes, the learning is more expensive as you get higher, but you will learn more faster moving up AND you will probably make more money, although variance will increase. I remember when I first moved to 25NL. 10NL regs really gave me a hard time. Moved up, made money, then I had to move down due to real life, and now those same 10NL players are pretty easy to play against.
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Old 03-08-2010, 11:12 AM   #11
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Re: COTW: Moving Up/Moving Down

nice post.

This should eliminate 25% of the posts that linger on the front page too.
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Old 03-08-2010, 11:54 AM   #12
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Re: COTW: Moving Up/Moving Down

Nice post venice, but I do disagree with one thing.

Quote:
We remember the winning sessions more than the losing ones.
This is not true for me. I can vividly remember the huge downswings I've had, but actually it's hard for me to remember sessions where I've run amazing. Not because I haven't had them, I'm just saying for me I remember the tough times more than the good times. I also remember huge beats better than biggest pots won, etc.

Also, some people were mentioning AIEV. Yes, it's good to look at it, but imo there are many other ways to run bad/good that are not detected by AIEV, so I wouldn't treat it as the holy grail of a runbad detector. For example, if you are getting set over setted or KK < AA way more than normal, AIEV won't tell you this.
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Old 03-08-2010, 12:45 PM   #13
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This is awesome thanks
I agree, very nice COTW, thanks.
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Old 03-08-2010, 12:53 PM   #14
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Re: COTW: Moving Up/Moving Down

Quote:
Originally Posted by stranglylucid View Post
Pretty good post. I do have some questions.

You say to use 12 buy ins for the next level before you move up. I am assuming that you mean 12 buy ins when playing 4 tables or less? Or do you mean playing 1 table? I had always thought the consensus was 20 buy ins (if you have the ability to move down) before moving up.

Also, I don't think you have to be able to beat the best at your level to move up at all. As long as you can hold your own against the better players, then with good table selection you can easily move up. Yes, the learning is more expensive as you get higher, but you will learn more faster moving up AND you will probably make more money, although variance will increase. I remember when I first moved to 25NL. 10NL regs really gave me a hard time. Moved up, made money, then I had to move down due to real life, and now those same 10NL players are pretty easy to play against.
Obviously, if you plan to 24 table, you need 24 BIs at a minimum.

The number of tables you play has no impact on your variance, though. It doesn't matter how quickly or slowly you accumulate the hands you play. The difference comes in that the more you can focus your attention on a table, the higher your win rate will be at that table. I know that some people say they play better with more tables but all they are really saying is that they get distracted if they aren't playing a certain number of tables. They aren't paying more attention to the one table. By lowering their potential WR, they are more susceptible to losing money if on the negative side of variance.

The conventional wisdom is that you need 20 BIs before moving up. I agree with it if someone asked me providing no more information what the number should be. However, we all don't have to be conventional. Many top cash players, especially who came up prior to the internet and poker boom moved up with far less.

I didn't mean to imply that if you took the top 8 players at a level, sat then at a table with you, you needed to beat them to move up. However, you need to be competitive with say the top 5%. On PS at the moment, there are 450 tables at 25nl right now. Even if you made some assumptions on how many people are MT, that's about 600-700 players at the moment. Given the world, there are probably several thousand players on PS that will play this week. If you aren't competitive with the top 150 players, I don't think you're ready yet. That's all I'm saying.

One difficult thing to keep in mind is that the people you see on 2+2 are for the most part self-selected out the population of on-line poker players as the most interested in improving. They shouldn't be the measurement of even what a top 5% player is like.

I do agree that a trip up pays dividends on improving your game. You become a better player faster than crushing an existing level for 100k hands.
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Old 03-08-2010, 01:07 PM   #15
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Re: COTW: Moving Up/Moving Down

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Originally Posted by waffe23 View Post
Nice post venice, but I do disagree with one thing.
I believe you are correct in the sense of a big loss is more memorable than a big win. The pain is more intense. However, the average gambler tends to forget his small losing sessions. Hence the comments of, "Yeah I break even, " or "I didn't do that bad." Also, you are tracking your results. Without looking, what were your top 5 losing sessions in 2008? It is unlikely you can even remember the amounts accurately. However, if you had a big score in a tournament, my guess is you would remember that. Note: CJ is excluded from this due to the extreme and public nature of those events. I shudder to think of them and they didn't even happen to me.

Ever since I got PT3, I am still amazed that overall I have more losing sessions than winning sessions at tables. It doesn't feel that way at all.
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