The variance in poker
Roller coaster or the Merry-Go-Round?
Today really reminded me how poker is a Roller coaster, with large ups and downs.
I started the day up $500, after a 800 hand session. My second session of the day started quite ok, until I got a pair of Kings in the BB. Offcourse the Button had Aces and I doubled him up. Fortunatly though he wasn't very deep and I only lost $200. After that I lost with my own pairs of Aces twice to my opponents' pairs of Kings. One of which I slowplayed it pre-flop and doged an all-in because of a very weak opponent, so only $250 down on that one.
All in all though I got it turned around in the end and quit poker for today at a positive $230 or so. As I reflect on the day I can't help but see how easily 3 buy-ins can go down the drain without any hope for prevention.
My bankroll for $400 buy-in NL is $8000, yet just today I could have made all the right plays and still be down $1200 if the cards so decided.
I know that many advise a bankroll of more than 20 buy-ins. Some say 25 to 30 others say 50 and yet others go so far as to recommend 100 buy-ins. I rather employ a sliding scale, where I move down to $200 buy-in NL if unfortune would bring my roll down to $4000 and thus ensuring that I never go bust.
I have to underline though that I only 4-table $400 buy-in NL and I employ a conservative style most of the time. LAG'ish play and more multitabling puts heavier swings on your roll. And more important still is the skill level of your opponents, the less your edge the more the swings. So I wouldn't want to play $1000 buy-in NL with only 20 buy-ins.
Let me end this entry with a picture of my little
corner of the world. I have 2 17'' monitors and a noisy Shuttle PC. Have just made myself a Peanut Butter & Jelly sandwich and a cup of coffee, so I am ready for some work (poker).
The poster is of Trinity from Matrix: Reloaded and also I don't know if you can make it out but my headphones have subwoffers :)
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