Tuesday, 8 September 2015

Live Poker Losses: £50

Gambling Loser

The bigger the climb, the bigger the fall. Don't let greed get the better of you.

Session

Venue: Live
Buy in: £50
Session: 12:30 - 14:30
Duration:2 hours
Lost:-£50
Losses per hour:-£25

Overview

Sat down at a loose, aggressive table and tested my patience waiting for a strong starting hand while players showed down 92 of hearts and 73 off. At last, the perfect opportunity to demonstrate my understanding of a positive equity starting range.

After a couple of orbs, I had blinded away £6. I was tempted to get involved with many connected, suited cards. However, I didn't have enough money to speculate with these hands, and my patience was wearing thin. The best hand I held was KJ but decided to fold it to a pre flop raise. Two players got involved, one of them hit the flop hard with his K10 completing his straight and raised the long-standing question, "Is poker a game of skill or just luck?"

A new table opened up with the 'auto deck shuffler 2000!' to help speed up the action. I swiftly changed table. I won a succession of hands, but ultimately lost the lot within the hour, here's how:

  • A7s resulted in a profit of approx. £44. I was up against KQ, by the turn I was in search of the nut flush that didn't need to reveal itself as the river revealed an Ace. Villain ended up becoming tilted as his KQ was still strong by the turn.
  • A9s, a couple of opponents became involved with a large pre-flop raise from the button. The previous villain shoved, forcing one of his opponents out and leaving me with a difficult call to make. The board showed 8, 8 of spades and a 3 of diamonds. The villain either had a draw to the nuts, up and down straight or even two pairs. I called his bet off, and he revealed A9 and by the river we chopped the pot.
  • A4s one opponent, with a flushed board. Called a c-bet and got to the river with a couple of checks, won a small pot with a pair of fours and villain showed Ace high.
  • AK turned up and I had committed to getting the majority of my chips in, so decided to play deceptively with a 'blind' limp. Once again I was faced with the previous villain. By the turn, I had hit my Ace. villain fired the third bet down by the river on a flushed board. While I had the opportunity to go over the top, with just £40 behind, it wasn't enough to get him off his hand, so I just called. Turns out, villain caught a lucky 7 at the river giving them a straight. He looked shocked and stated how lucky he had been.
  • KQ button raised £15 and with KQ I raised all in leaving the villain to call off another £30. I paired my Queen on the flop. By the river, the villain had made his nut flush and slow rolled AJ.
Once again I was broke. At the height of the session, I was up to £150. Calling it a day within the hour, would have been a success but greed got the better of me.

While money is important to me and breaking out of addiction is still my ultimate goal, while caught up in the addiction cycle I must remain conscious of the lessons I learn.

For once I was reasonably patient, going several orbs without playing a hand that was unheard of before. Greed, however, did, as it always seems to, get the better of me. At what point was I willing to walk away, at what point is enough really enough?

In the future, my exit has to be sensible anywhere between a double and triple up. If I'm making the habit of walking into a casino with money, then I need to start making a habit of walking out of the casino with money. Easier said than done, right?

Lessons Learnt

  • Don't be so damn greedy!
  • It's only a game