TRICK QUESTION????

Acesinthebig

Acesinthebig

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You buy into a poker site for 30$. You build it to 2500$. You cash out for 1500$ and put that into you bank account. Then you lose 500$.

How much do you have left in your poker account and how much of YOUR money did you lose?
 
WVHillbilly

WVHillbilly

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You have $500 left and you lost $500 of your money.
 
Acesinthebig

Acesinthebig

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The answer is - your up 1470$ in your bank account and your up 500$ in your poker account, so you have won 1970$ and did not lose a dime of your own money.

What's the right answer?
 
DaveE

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I disagree...the $500 was your's when you lost it.
 
vinylspiros

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I disagree...the $500 was your's when you lost it.
i agree and this is a huge trap of online poker. when u win money.it belongs to you and you can cash it out. therefor you did lose 500 from your own money regardless if it was yours before depositing or after depositing.
 
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gotchips

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im gonna go out on a limb and say you have nothing in your poker account and 1000 left from the 1500 you cashed out...
 
WVHillbilly

WVHillbilly

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The answer is - your up 1470$ in your bank account and your up 500$ in your poker account, so you have won 1970$ and did not lose a dime of your own money.

What's the right answer?
Not yours. 1st you didn't even ASK how much money was in your bank account and second any $$s you win are yours so when you lose them you've lost your own money. Your logic is silly.
 
fletchdad

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Trick question:

You are broke and I give you 10$.

How much money do you now have?

I will spoil.

You have 10$, but using your logic above, you must have nothing,.
 
Kenzie 96

Kenzie 96

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BRM & self delusion are choices you are free to make, the problem is, you are required to live with the results
 
dj11

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OP is clearly a Pennsylvanian Republican......:eek:
 
Arjonius

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It depends how you define what "your money". It seems straightforward to think all the money you have on poker sites is yours. And it's not wrong per se.

Otoh, it can be better for some people to consider their rolls as not exactly the same as the money in their pockets, banks, etc. If thinking your roll is the same contributes to playing scared, this can be counter-productive.
 
DaveE

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It depends how you define what "your money". It seems straightforward to think all the money you have on poker sites is yours. And it's not wrong per se.

Otoh, it can be better for some people to consider their rolls as not exactly the same as the money in their pockets, banks, etc. If thinking your roll is the same contributes to playing scared, this can be counter-productive.

While I agree that for some people it's better to look at your roll as chips it's still your money, there's no way around that.
 
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Blown01Cobra

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When I make a bet and add money to the pot, I don't consider that money mine anymore.
However, any money that it's in my account or bank account, whether you consider it won or earned, I consider it my money from that point on. So any money I lose, I consider that lost from my money.
 
Acesinthebig

Acesinthebig

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im gonna go out on a limb and say you have nothing in your poker account and 1000 left from the 1500 you cashed out...

No, the original post is my situation. I wanted to feel better about losing the 500 in one night. It really doesn't matter though I could have lost it over a month. The point is, I STILL FEEL LIKE A WINNER. Some people on here who lead me to believe that i should consider myself a huge loser because I lost 500$.
 
bullishwwd

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You buy into a poker site for 30$. You build it to 2500$. You cash out for 1500$ and put that into you bank account. Then you lose 500$.

How much do you have left in your poker account and how much of YOUR money did you lose?
You have $500 in poker account
You lost $6.07 of your money. (0,0121457 x $30)
Wally
 
Kenzie 96

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No, the original post is my situation. I wanted to feel better about losing the 500 in one night. It really doesn't matter though I could have lost it over a month. The point is, I STILL FEEL LIKE A WINNER. Some people on here who lead me to believe that i should consider myself a huge loser because I lost 500$.



You really see any value in belonging to a forum where people tell you dropping half of a $1000 roll in one evening is perfectly fine?
 
bullishwwd

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You have lost $6.07 and won much more.
 
fletchdad

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How did the 500 get lost in one night? Cause there should have been some way to stop the losses before they got that big, unless you had, like, 10 MTTs going where you couldnt do anything but continue, or whatever, and then it is a BRM question.
 
MediaBLITZ

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No, the original post is my situation. I wanted to feel better about losing the 500 in one night. It really doesn't matter though I could have lost it over a month. The point is, I STILL FEEL LIKE A WINNER. Some people on here who lead me to believe that i should consider myself a huge loser because I lost 500$.

You can look at any player's (mine, yours, Ivey, doesn't matter) BR Chart and take a slice (a few days, weeks) out of it to show loser or winner - so what? Short term results are deceiving - it is not a sprint, it is a marathon.

But it was your $500 that you lost - deal with that, the how and why.

Great that you feel like a winner - I wouldn't.
 
Arjonius

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MB has hit on a crucial point. It's inevitable that you'll have both winning and losing sessions, days, weeks, maybe even months. But it's the long run that counts.

Also, it's possible to be a winning player overall while having more losing sessions or days than winning ones. Again, what's important is how much you're up long-term, more than how you got there.
 
C

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+1 Long term.

Otherwise where do you draw the line, session, day, week month, year, lifetime?
So if at some point in a session you could have quit 100 up, but only cashed out at 80 up, Have you lost 20 of what was at one point your own money and so you should go away feeling like a loser.
Does variance not exist in poker?

The significance of the swings also depends on the level that is being played at. High stakes players and Grinders will draw the lines differently.

But losing 25% of a bankroll (however it was built) is still a big hit and something that should be taken seriously.


(edit: giving you the benefit of the doubt there at 25%, assuming the withdrawn amount is still counted, otherwise it is quite bad losing 50% of the 1k in the poker account and better BRM should be applied).
 
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BigCountryAA

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You can look at any player's (mine, yours, Ivey, doesn't matter) BR Chart and take a slice (a few days, weeks) out of it to show loser or winner - so what? Short term results are deceiving - it is not a sprint, it is a marathon.

But it was your $500 that you lost - deal with that, the how and why.

Great that you feel like a winner - I wouldn't.

The fact remains that he turned 30 dollars into 2500. I'm pretty sure he can feel like a "winner" regardless of the 500 dollar loss. He's still well ahead of his 30 dollar starting roll with the 500 he has left in his poker account.
 
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