Tuesday, July 24, 2007

How not to win

In a sick kind of way, I like reading 88 % Concentration, but we all know how this is going to end.

I don't care how good you are at poker. You simply CANNOT win in the long run unless you pay attention to bankroll management.

Apparently no one can get through to this blogger, Ed Hollis, that his strategy of buying in to the high-stakes games with most of his bankroll won't work. Even the best players in the world have some crazy swings, and that means that Hollis will continue to repeatedly go busto, over and over and over again.

You can't start out the day at 2£/5£, run up your buy-in until you can play 40/80 or higher, and then expect to survive by repeatedly doubling up. Sometimes you're going to lose, and there's no way around that. The only way to weather bad beats and inevitable mistakes is to have a cushion of money to fall back on. Without a bankroll, you're doomed to build up and bust until you have nothing left.

Hollis should stop insisting that he's not content to play anything but high limits. At this rate, he soon won't even be able to afford the lower limits.

One more note: To commenters on his blog who encourage him, you're not doing anyone any favors. It's not good for the poker economy to lose players. Unless he steps down in limits, Hollis won't be around for long.

Edit: Looks like he lost the rest of his money. I hope he takes some time off.


Wes said...

LOL. This blog is awesome. Don't discourage him!

AnguilA said...

Most disturbing piece of writing I've read in a while....but now I'm totally hooked!

Hope my head stays in its place and I don't start buying in short in 10/20 tonight to try and double up ;)!

RogerLaTremblotte said...

Thanks a million for this fantastic blog. Your stuff is in the 2% of "Excellent Poker Blogs". Spent a couple of very fruitful hours reading the nuggets of wisdom in here and it's paying off: you've helped me break with a three-day streak of losses!

Heartfelt thanks!
Pete S. (Paris)