It just boils down to
a) How many dependants you have. People under 30 often can be responsible for other people/children.
b) Risk aversion.
c) Most staking groups provide resources that a player may not be able to access.

I'm not even sure why this is an argument. People have different situations.

5k seems a lot to those people.


Why is everybody obsessed w what others do with their monies? GL swish

I do realize that you have a decent amount of saracasm in your range here, but you seem pretty aggro ITT so I'll respond with a serious post.


All my recent posts in this thread refer to your average grinder who most likely is

- under 30 years old
- only supporting himself, in rare cases a girl-/boyfriend or a family member
- not yet looking to settle down in any way
- is aiming to get the most out of it: making as much money for him-/herself as possible. "Glory" isn't a part of this.

Of course there always are exceptions and different living situations which dictate a higher aversion for risk/variance and require more money set aside for eventual expenses.

Having said that, $100k (even if it's $80k online and $20k in the bank) has a huge (!) earning potential.
The possibilities and safety connected to an $80k-$100k roll is much greater than your results will be when backed for games that require twice (or even more) the amount of money you'd want to play comfortably in those games.

Playing in games a $100k roll isn't sufficient for usually (an exception can be made for maybe a handful of posters in MTTc) means smaller edges and therefore more variance leading to large downswings and long periods of losing/breaking even - being far from anything that could be considered a steady and reliable income.

I'd rather not elaborate any further than this since I think I've made my point pretty clear; With having $100k in liquid funds and not being tied down due to any uncommon cirumstances your earning potential and happiness in life is pretty much always going to be greater than when you're backed despite having that amount of money available.

FWIW I'm not making a point against being backed here - Having been backed myself I'm convinced that it can be a good thing and open up various possibilities if done right.


Since Swish appears to believe that none of posters agreeing with Parker, in this instance myself, seem to have an idea what it's like being "out there" and being responsible for yourself I'd like to end this post by saying that I've moved out of my parents' house 3 months after I finished school at the age of 18, have since then lived in two foreign countries - coming up with all expenses, rent, insurance and taxes myself. I think it's fair to say that I'm at least qualified enough to state my opinion ITT.


Also please note that I didn't mean to offend anyone in any way by coming off ignorant or not understanding of someone's specific living situation.

poker is a means to an end, not an end in itself

nit

on-topic:

800 games
220 buy-ins.

funny down coolered in every damn final stage..

last 5k games -45k avi 63$, so about 700+ BIs

Dont cry bitchesss :P

15k at a 35 abi. So like, 400bis over 1300 games. Yum.

Congrats on final tabling back to back stars 1ks lol

are we out of mu?

gl mjw

Not quite unfort (had a few swaps etc). and thanks!

thanks bud!

6.3k 66 buy ins

had a few 3k downswings. 0/4 cashes in 5-10k live buy-ins which kinda hurts

degen found

around 8k in 2 weeks

1.4k @ 11.50 abi

lol at calling this a downswing... GTFO :P

~20k $33abi.
Tho is it a downswing if you play like ****?

how many times have I done it over past 6 years... #neverlearn

Playing a mix of 45 man turbo's, 180 man turbo's and MTT's i have waded through more than an 800 (eight hundred in case you thought it was a typo) buy in downswing over the last 6 months.

I have always practised stringent bank roll management, so have been lowering av. buy ins as the losses mount up, but never in my wildest nightmares did I think it was possible for a winning player to drop 800 buy ins out of nowhere, especially playing small/micro stakes.

Check out my sharkscope (nivvydoh) pokerstars. My average buy in has ranged from around $13 down to the $3 it's at now. And I've shed $7000 in just under 7000 games in that time.


I Cannot find words to describe the horror and it shows no signs of stopping there either. In fact it appears to be gaining momentum as I have now recorded large -ve ROI losses on 27 out of the last 28 sessions.

Can anyone (winning player) out there beat an 800 buy in downswing?

Previous to this I also dropped 80 buy ins in just one session (150 games) of $7 18 man sng turbo's. Yes thats 80 buy ins in 18 man sng's. In one session.

Almost every single exit hand was either a horrible bad beat or massive cooler. (in 150 consecutive games)

It's possible, cut down your AFS and reduce number of turbos you play

It sure can happen. Actually, I've just checked the stats from sharkscope and the actual figure is 917 buy ins since April 5th 2013. The day before I hit a decent micro MTT score finishing in 3rd to a 2 outer on the river having gotten all in pre flop with a pair versus a smaller pair. Little did I know at the time that that beat was the start of the horror show to come.

Yes I have cut down on the turbo's and also the number of tables I play. In fact I have been working real hard on all aspects of my game and the sick thing is, I feel a better player now than I've ever been. It's been very hard not to think that I've suddenly become an uber fish overnight, although I have to believe that it's a possibility. More likely if and when the cards stop falling so crazily against me, I will start to kill it. I will keep this thread posted and see if I break the 1000 BI barrier and beyond!

Thanks for the advice.

There's just no way you don't have a ton of leaks. Sorry, but by the sounds of it your game needs a massive overhaul.