RESPECT YOUR MONEY!!!

vinylspiros

vinylspiros

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i wanted to start a thread about something im sure EVERYONE has gone through. OK. i dont know what everyones bankroll is or whatever so ill speak for myself. once upon a time i deposited 10 dollars into pokerstars and turned it into 50 and i felt like i had conquered the world. it was a great success and every single dollar i made was a true victory. i cherissed every single penny and felt like a true champ. ive noticed that lately, i dont respect money anymore. like i can win 20 dollars and forget it is twenty dollars ,and think its just some electonical digits i see on my monitor, but it is hard cash. This alone is a leak in everyones game, due to the fact that u dont really have the money in front of you but have it in electronic form. Like how did i get from cherrishing 1 dollar to blowing 50's with weak hands. i think this is the recipe to disaster. Where im going with this thread is that with online poker u just have it on a tv screen u tend to forget the value of it. You might see me calling an all in with pocket 88's of 30 dollars.but if i had the paper in my hands i would NEVER do that.so i ask, isnt this kind of dangerous and shouldnt we be a little bit more respectful of the money we posess???. My advice is, no matter if u have 50 bucks or 5 thousand. NEVER FORGET THE VALUE OF A DOLLAR!! any posts would be appreciated to get some views on this.
 
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BluffYou123

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Don't think about the money, just make as many correct decisions as you can and the money will look after itself.
 
nc_royals

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Don't think about the money, just make as many correct decisions as you can and the money will look after itself.

Agree with this. That doesnt mean to have poor BRM but it does mean at the table in a specific hand your decision should only be based on is this the correct move and not what if i get sucked out on and what's it going to leave me with.
 
vinylspiros

vinylspiros

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i thank you both for bothering to reply but this whole post is about not forgetting about the money,cause if you do forget about it,uve lossed focus on why ur playing.im not in it for the game,im in it for the money.if the right decision tells me that i have to risk 50 dollars in one hand, FOR ME"""personally, that is out of my comfort zone. but ill still call. i think the essense of this thread is mostly about moving into higher limits and losing respect for DOLLARS. =MONEY.

but again i thank you both ,ur opinion is really helping me look at it from a different perspective. and i might sound like a donk or an idiot or a noob or whatever but trust me i have thousands of hours in my resume. and i fully get where ur coming from.im just kinda bored and throwing some thoughts out there.
 
DaPirate

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Some play for the $'s, some play just for the fun and getting better at the game. I guess BRM should be considered by everyone to profit however if your a casual, playing for the enjoyment of the game player, you'll keep tossing a few dollars on and play freerolls more often then concern yourself with proper BRM.
 
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BluffYou123

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I understand where you're coming from but thinking "if I call this I could lose $50" is flawed thinking. It's either a good decision or it isn't and making +EV plays will make you money in the long term.

I'm not saying that I haven't thought about losing money, especially playing under-rolled or not comfortably rolled for the stake you play. It's just a bad way to be thinking in game. If you practice good BRM it won't be an issue.
 
vinylspiros

vinylspiros

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I understand where you're coming from but thinking "if I call this I could lose $50" is flawed thinking. It's either a good decision or it isn't and making +EV plays will make you money in the long term.

I'm not saying that I haven't thought about losing money, especially playing under-rolled or not comfortably rolled for the stake you play. It's just a bad way to be thinking in game. If you practice good BRM it won't be an issue.
man ur right.bankroll management is key. thanks alot for the reply. i agree with what ur saying. if uve made enough to reach the next limit, getting aquainted with new numerical facts is the natural evolution of getting better i guess. like 25 cents turns into 50cents then into 1 dollar so ,yea adjusting is basically what happens. i rethought about it now. LOL:D
 
JusSumguy

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Why do you scream your thread titles?

_
 
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detourglr

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see to me it is all the same... if you are playing .01/.02NL or 1/2NL You still have a determined 100BB. Opening bet is 3x the BB. bet after the flop is 2/3 of the pot. etc.... and at the end of the session or group of sessions.. you determine your ROI (return on inverstment).
also there are guidelines that say you hourly profit should be 5X the BB in NL and 1X the BB in limit.
Of course this varies above from person to person. But basically it is the same no matter what stakes you play at. only thing that really changes is the amount of money that can be lost or won.
 
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detourglr

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welcome to the forums.. I just joined myself.
 
MediaBLITZ

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I understand where you're coming from but thinking "if I call this I could lose $50" is flawed thinking. It's either a good decision or it isn't and making +EV plays will make you money in the long term.

I'm not saying that I haven't thought about losing money, especially playing under-rolled or not comfortably rolled for the stake you play. It's just a bad way to be thinking in game. If you practice good BRM it won't be an issue.

Yeah, if that thought really is a consideration in your decision making - congratulations - you have verified you are playing beyond your limits and now know it's time to step down in stakes.
 
domeburglar

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I always felt that when i looked at my chips as money i played worse... im afraid to make correct decisions or plays because i dont want to lose money... now i play it as a game and I just want to win all of the chips.. not the money
 
Arjonius

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It doesn't have to be binary thinking where your roll (online at least) is either money or it's not. Imo, while it is money, it's not completely the same as cash in my pocket. An obvious reason is that I can't immediately spend it. Otoh, it's not like play chips that have no value either.

So, I don't treat my roll like either, but rather somewhere in between.
 
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"The thing that makes me really good at poker is I have this complete disregard for money, when I sit a table and I need to bet 300-400 000 in a hand and I'm bluffing, I just don't care."
Phil Ivey
 
bz54321

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"The thing that makes me really good at poker is I have this complete disregard for money, when I sit a table and I need to bet 300-400 000 in a hand and I'm bluffing, I just don't care."
Phil Ivey

Ya to be the greatest I think you have to have almost a hatred for money. I am a total degen but got that way gambling way before i even tried poker. roulette is what made me lose my concept of a dollar. Money really means nothing to me now if its a dollar or 300 dollars what ever I just look at it from the perspective of did I win or did I lose that's all that really matters.

I will say it is much more thrilling to spin the wheel with 5K on the line than it is with 5$ on the line.
 
theskillzdatklls

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for each dollar i make i tickle certain parts of my body so i never forget how important it is
 
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ive noticed that lately, i dont respect money anymore. like i can win 20 dollars and forget it is twenty dollars[/B]

I want to get to this stage in playing poker, not stay away from it.
 
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I understand what u mean. Lately when i have been winning i have been finding out that i "respect money less". When i started to play poker i deposited like 20dollar and thought that this money is 2days food and it really hurted when i lost them, because i did lol...
Now i can win 100dollar in a tournament, money which add upp in my existing bankroll. But i know that it is money. THe thing u need to worry about is if u find yourself tempted to go and play higher limits or new games with u bankroll, without thinking it through, dont do that.. i played HU yesterday and lost more than i would if i have been comming from like NL10 (now i came from tournaments).

ON the other side u cant think about the money when u actually play, it is the right play who matters in the long run.
Whan you can do is to remember yourself that there is a thing called tilt and that it's not a good idea to try your luck at higher limits witout BRM.
 
frozensprx

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Money doesn't matter, if you spend your whole life caring so much about it you will become a slave to it. So just gamble it and learn to live life and enjoy the experiences we have until we die one day and money doesn't count for anything.
 
sCATpoker

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I think what you have brought forward in this thread is good food for thought. I know personally I take great pride in growing as an individual. Learning from my mistakes and using them as a tool to avoid doing the same thing.

So in theory poker should be played in the same way IMO. Learn from your mistakes and hopefully grow and not reapeat them. I know people intending to make positive gain in their BR have repeatedly played them same exact way that lost them money the first time. This to me is like someone an error in life that they are not happy with but doing nothing to change so in that case it truly is an error if at the very least a lesson was not learned from it.
In Short I guess what Im trying to say Is In Poker as in Life , Strive to grow as a player/person learn from your mistakes and make a concious effort to not repeat them if you didn't like the result the first time.

I guess i could of just sayed we should avoid doing things we already know are dumb.
 
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Aktiva22

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Money doesn't matter, if you spend your whole life caring so much about it you will become a slave to it. So just gamble it and learn to live life and enjoy the experiences we have until we die one day and money doesn't count for anything.

well... with that attitude u will be called a fish, and thats ok if u like to play for enjoyment but some people like to play for the cash.
 
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I think it's important to know the value of money but to not let it interfere with the way you play, at least for me. I try not to feel too much in general when playing, whether it's excitement about a big win or disappointment about a being knocked out of a tourney on the bubble because it always affects my game in one way or another.
 
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j0na1234

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I've noticed for myself that when I'm playing when tired I'm not giving enough respect to my money as when I'm very active. While when I"m playing live, I'll always try to play my best, even when tired, 'cause the chips in front of you are a big motivator
 
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