Dealing with losing money
 

How do some of you higher stake players deal with losing money, like alot of it? I have a pretty nice sized bankroll, but I think what holds me back is I am scared to play step 5s oon a regular basis because I dont wanna deal with losing 10 to 20k which will invaribly happen.

How do some of you deal with it, or does it always suck when it happens? I guess its all relative, that a year ago I would of had a breakdown if I lost 1500, now it would be off my mind 10 mins after losing computer screen. Im just looking for some help in how you guys progressed to these levels or deal with losing that much money. Thanks for any help

Re: Dealing with losing money
 

lol

Re: Dealing with losing money
 

I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

Re: Dealing with losing money
 

practice losing money till it gets easier

Re: Dealing with losing money
 

Think of your bankroll in terms of an investment, rather than $$$.. and also in terms of buy-ins. That way you can see that instead of losing the money, you were simply speculating to accumulate, much like in stocks and shares.

Re: Dealing with losing money
 

Being good at losing $$$ takes years of practice & dedication....And it is important that you lose money at many different activities....Losing $$$ gambling is the "core", of course, but you have to lose $$$ in the stock market, real estate, commodities, lending it to Friends/Relatives and, finally, chasing Puss.

The most highly-prized quality of a good money-loser is that he is able to squander fortunes with a certain "Je ne sais quoi" (or "savoir faire" if you prefer)...But, it's a lot like telling a lie; -it's not really a lie if you believe that it's true--similarly, the ability to lose $$$ with grace depends on the loser having a detachment from money that is rarely found in our consumer-oriented society.
You can't view $$$ as a meduim of exchange that might improve the quality of your life &/or the lives of those that are dependant on you; you must view it as "filty luchre" that must be disposed off in an instant.

One good way to become accustomed to losing $$$$ is to spend a good portion of your most productive years trying to devise a "system" to beat roulette [img]/images/graemlins/crazy.gif[/img] [img]/images/graemlins/crazy.gif[/img]

Re: Dealing with losing money
 

Well, I realize that money is not the end all in this world. Friends, family, and health are far far superior in terms of importance in this life. Money comes and goes, and those who spend a ton of time worrying about it will live a very shallow life. I dunno, I guess I am desensitized to the value of it.

Re: Dealing with losing money
 

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I am scared to play step 5s oon a regular basis because I dont wanna deal with losing 10 to 20k which will invaribly happen.


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[img]/images/graemlins/confused.gif[/img]

Re: Dealing with losing money
 

what?

Re: Dealing with losing money
 

that has nothing to do with living in a house as a 20 yr old where its a hassle for people to get 5 dollars together for beer, and you are down 12k that week. I think its what holds me back the most, I was trying to get advice from people who have dealt with this sort of thing.

Re: Dealing with losing money
 

Bravo! Bravissimo! Encore!

ROFLMAO!

BTW, nothing keeps you in practice at F'ing off filthy lucre better than having children. Especially grown ones.

Doc

Re: Dealing with losing money
 

freemoney it probably just means you arent ready to play the step 5's yet. Wait until you have at least double or triple your bankroll or something like that. The games aren't going anywhere and then itll be much easier to stomach a huge loss.

Re: Dealing with losing money
 

What do you think is a good number for your bankroll to start really playing Step 5s, assuming you think you would be a winning player.

Re: Dealing with losing money
 

I think it is healthy to have respect for money. It could be negative if you get scared of moving up when your game is ready. But seeing as you have made your way up the SnG ladder and play at a reasonably high limit I don't think it is a problem for you. Eventually you will feel comfortable enough to play the steps.

Re: Dealing with losing money
 

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that has nothing to do with living in a house as a 20 yr old where its a hassle for people to get 5 dollars together for beer, and you are down 12k that week. I think its what holds me back the most, I was trying to get advice from people who have dealt with this sort of thing.

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Wow, pretty crazy that you are the one depressed about money in that house.

Re: Dealing with losing money
 

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What do you think is a good number for your bankroll to start really playing Step 5s, assuming you think you would be a winning player.

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100k

Re: Dealing with losing money
 

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What do you think is a good number for your bankroll to start really playing Step 5s, assuming you think you would be a winning player.

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Depends who you are....anywhere from 100k-300k. Depends on how much $$ you like risking at once. Of course a higher number for the higher step 5's.

Re: Dealing with losing money
 

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What do you think is a good number for your bankroll to start really playing Step 5s, assuming you think you would be a winning player.

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100k

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IMO 100k is on the short side for a responsible/professional gambler. Yeah ok, losing 10% of your bankroll is no huge deal when you have 3k and are grinding away at the 33s, but when you lose 10% of it and you have 100k, it really stings. Add this to the fact that the 1k games are much tougher and I feel that it's just risky if you aren't the kind of person who can take losing a large sum of money well.

Once you have like 250-300k, then losing 10-20k should sting quite a bit less.

Re: Dealing with losing money
 

not depressed.

Re: Dealing with losing money
 

alright thanks alot.

Re: Dealing with losing money
 

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Being good at losing $$$ takes years of practice & dedication....And it is important that you lose money at many different activities....Losing $$$ gambling is the "core", of course, but you have to lose $$$ in the stock market, real estate, commodities, lending it to Friends/Relatives and, finally, chasing Puss.


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HAWHAWHAWHAW

Re: Dealing with losing money
 

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What do you think is a good number for your bankroll to start really playing Step 5s, assuming you think you would be a winning player.

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100k

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IMO 100k is on the short side for a responsible/professional gambler. Yeah ok, losing 10% of your bankroll is no huge deal when you have 3k and are grinding away at the 33s, but when you lose 10% of it and you have 100k, it really stings. Add this to the fact that the 1k games are much tougher and I feel that it's just risky if you aren't the kind of person who can take losing a large sum of money well.

Once you have like 250-300k, then losing 10-20k should sting quite a bit less.

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Godd point. I was thinking more along the lines of someone who plays step 5 minis and regular step 5s not step 4 highers.

Re: Dealing with losing money
 

Good.

I don't know you, but if I had to guess it's not really the money that bugs you. And I've swung a lot more than $12k, so I know what that it is like; for me anyway.

Re: Dealing with losing money
 

like curtains said. it wont hurt one bit running bad when you have a 300k roll to work with on those step 5s. lose 10k a day and you will be like, meh, get em back tomororw, no big. the hurt comes from the money having a direct impact on yer life, or a special meaning. money lost most of its meaning to me a while ago, which isnt a terrible thing for a poker player. just about the only thing you can do for now is increase yer bankroll. holla

Re: Dealing with losing money
 

Thats so crazy. I lose 600 dollars in a day and cant sleep for the nite.

Re: Dealing with losing money
 

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Good.

I don't know you, but if I had to guess it's not really the money that bugs you. And I've swung a lot more than $12k, so I know what that it is like; for me anyway.

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Really? Playing what games?

eastbay

Re: Dealing with losing money
 

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Thats so crazy. I lose 600 dollars in a day and cant sleep for the nite.

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I found that when I stopped caring about losing money, I stopped doing it altogether. Weird.

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

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i go to bed after he wakes up. old people are odd. holla

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

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i go to bed after he wakes up. old people are odd. holla

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Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

Re: Dealing with losing money
 

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Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

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[img]/images/graemlins/crazy.gif[/img]Does anybody else see the quintessential beauty of this child-like cry for help? [img]/images/graemlins/laugh.gif[/img]

Re: Dealing with losing money
 

Im your biggest fan freemoney

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

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i go to bed after he wakes up. old people are odd. holla

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Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

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haha when i was like 13 or 14 in the summer i remember my dad getting up for work and i would still be on the computer playing starcraft and what not. ah the good ol days.. holla

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

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i go to bed after he wakes up. old people are odd. holla

[/ QUOTE ]

Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

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haha when i was like 13 or 14 in the summer i remember my dad getting up for work and i would still be on the computer playing starcraft and what not. ah the good ol days.. holla

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What was ur Starcraft sceenname?

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

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i go to bed after he wakes up. old people are odd. holla

[/ QUOTE ]

Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

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haha when i was like 13 or 14 in the summer i remember my dad getting up for work and i would still be on the computer playing starcraft and what not. ah the good ol days.. holla

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What was ur Starcraft sceenname?

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mmmm Starcraft.

THESANTINI

Re: Dealing with losing money
 

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I lose more $$$$ before 6:00AM than most people do all day long [img]/images/graemlins/frown.gif[/img]

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thanks, that is my new quote of the day.

[/ QUOTE ]

i go to bed after he wakes up. old people are odd. holla

[/ QUOTE ]

Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

[/ QUOTE ]

haha when i was like 13 or 14 in the summer i remember my dad getting up for work and i would still be on the computer playing starcraft and what not. ah the good ol days.. holla

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What was ur Starcraft sceenname?

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haha Raptor517 im pretty sure. i was ranked pretty good on useast ladder back in the day. my LT toss was unmatched. holla

Re: Dealing with losing money
 

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Im your biggest fan freemoney

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Thats one of the funniest things I've seen all day.

Friggin' hilarious dude.

Re: Dealing with losing money
 

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Yeah when I was living with my dad still I'd come home from the casino at the same time he was heading out to go to work.

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[img]/images/graemlins/crazy.gif[/img]Does anybody else see the quintessential beauty of this child-like cry for help? [img]/images/graemlins/laugh.gif[/img]

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http://www.javaspot.net/images/depressingfridge.jpg

How's this? My little brother comes over to my place today, opens up the fridge, and says, "Pat Pat Pat...you know you can't live off of Coke, milk, queso, and beer right?"

[img]/images/graemlins/confused.gif[/img]

Re: Dealing with losing money
 

dude if theres corn flakes and chips in the pantry you my friend are SET. holla

Re: Dealing with losing money
 

starcarft was my stomping ground before poker. I was #2 toss in USA for a while, I used the name rS.Maynard.

A lot of good players made the switch to poker.