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Pennywise but pound foolish

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By: JRQC
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/Oct/2014

Response to comment.

By: JRQC @ 12:38 (EDT) / 302 / Comment ( 2 )

Hi sim177,

I'll try to clarify as best I can

-Theoretically we should be looking to play in any game that we have

a. The best hourly rate in ( in terms of expected winnings)

b. The one most appropriate for our bankroll (BRM)

c. The one where we have the largest edge in

But we are all human and sometimes don't follow these rules even if we know we should. Maybe you sit in a game because there's a seat open beside a pretty girl, or a seat open beside someone you want to know. Maybe you have a headache and want a seat away from other loud players - whatever.

You play and possibly get bored or apathetic in a game and don't want to change. Maybe you  have reads on a table and it's easy for you to beat it even if you could earn more money somewhere else - that's a mistake.

Maybe you don't want to play against loud drunk opponents because they annoy you even if you could make the most money off them - that's a mistake.

Maybe you just don't want to move tables because you've gotten comfortable and into a routine - that's a mistake.

Maybe none of the games are good but you're at the casino now and have nothing better to do so you stay in a bad game (the boredom) - that's a mistake. All these things are pitfalls that a player has to watch out for. When I said are killer for a bankroll i didn't mean soley for loss - sometimes the killer is that you aren't earning what we should be from the game.

All those are examples from live play but it can happen online too. You're in a session and games have gotten worst but you don't want to stop or find new tables by waiting again or maybe you play because there is nothing else to do or because you have a time gap to fill. You have to be careful because all these things are drains on a BR that people don't take into account - or just don't realize.

Sorry if that was a bit long for an explation so i'll try to respond to the other 2 questions

- You make money in poker from the mistakes of your opponents. You have to play in games where your opponents play worst than you do to make money. Sometimes these games are not in NLH. If you only know how to play NLH you're limiting the amount of money you make make .

-You have to be a master at every game to make the most money because you have to overcome not only the fish at the table but the other players looking to exploit that fish too. We all pay rake so your edge has to cover everything UNLESS as I said in the original post there is a huge loser in the game that makes it profitable even if the rest of the players are as good or better than you.

I hope this clarifies things a bit sim.

 

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