Quote:
Originally Posted by TheTyman9
As someone who stayed staked early in his career for far too long I'd encourage you to make sure you run the numbers and be sure it makes sense. It feels less risky but in reality if you are going to be moving down during standard downswings anyways the backers money isn't really doing much for you, and the cost is really high depending on your deal. You said you had a "standard" deal which I assume means 50/50 or around there. So your actual hourly for your piece isn't super different to if you just played 200nl on your own money, and may actually be lower when it's mostly 500nl action since your winrate is probably higher at 200nl. It can be worth it if you are getting coaching/access to games/etc but definitely make sure you are always evaluating every once and awhile if it's still in your best interest. Glgl
You wrote this at a good time because I have been journaling a lot about this and am in the midst of a rough stretch.
At the moment, I'm in a bit of makeup, nothing that I couldn't pay but I have realized that I have bit off a bit more than I can chew.
I thought for a while about writing this because I felt ashamed and a bit humbled, but I have come to the realization that I simply cannot handle the variance of playing poker for thousands of dollars, at least at this point in time. I didn't grow up with money and when I first started winning at 500nl+ I thought I was the man, breadwinner, crusher etc. But now playing 1knl for just 10k hands, I am on the verge of tears even if I lose a couple thousand in a session, which is a perfectly normal swing. I was playing 200nl in September and rose up a bit too quickly, and I think my stakers kind of pushed me into moving up too fast even if I wasn't rolled to undertake the debt risk. I didn't even have proven samples at midstakes before I started grinding 5/10(2) games.
Of course, I've still made ~11k since I made this blog, despite losing almost 8k today. But mentally, I don't have what it takes. At the moment.
I think the highest EV thing for me to do now, is prioritize on becoming the best poker player possible and forget about the strict EV. The 5/10 games can wait, and my plan is to go off stake for a couple months, grind 200nl on [site tbd], and get into a daily sustainable study routine.
I think my hourly might get hurt by 20-40%, but honestly, its more important at this stage in my life to develop a strong mindset and strategy than it is to win 10$ more an hour.
I will update the thread when specifics are finalized