View Single Post
  #12  
Old 10-11-2005, 03:33 PM
onegymrat onegymrat is offline
Senior Member
 
Join Date: Jul 2003
Location: Southern California
Posts: 384
Default Re: Bankroll Psychology - my unusual problem

Hi TV,

I think it IS a problem, but not as serious as you think, although it is entirely psychological. Everyone had great responses but I favor what Bernie and Chris20202 stated.

The reason why this is even an issue is that poker is a only a part-time job/hobby for you, and not a career/full-time job. Let's say you opened up a small business, and you invested $20k into mercandise. Aside from getting a refund for your investment, that money is spent and done with, and hopefully you will move the merchandise and get a profit from it.

This would be similar for the serious poker player at the 20/40 limit (500BBs=$20k). That money is an investment that is put aside, which you should not touch. Hopefully, anything gained above the $20k may be used to pay bills and other expenses in life. Unlike the previous analogy though, technically, this $20k is still here, and may be needed from time to time. How much would depend on how your sessions are going.

As a part-time player/hobbyist, it is difficult to imagine money sitting around NOT getting any residues. You don't count on this money to live off of, because you have a full-time career doing something else, something you can count on bi-weekly. You still don't count on poker money, therefore, you don't take it as seriously as you're "supposed" to. This is just icing on the cake, per se. When you win money, rather than seeing it as "bankroll building money", you see it as "MY money now".

How do you fix this problem? Well, either you need to treat it as a real business and put the proper bankroll aside (or into an account that is easily retrievable) for the limit in which you aspire to play or stay at a low limit where the swings will never affect you very much. Unless you really NEED to have poker as your number one source of income, I don't think you'll be able to fix this "problem".

How do I know this? Because I have the same problem. Good luck.
Reply With Quote