A lot of people (myself included, before now) like to live in a state of silence that borders on denial in the midst of a downswing. Sometimes there's nothing more refreshing than brute honesty, so here we go: Since writing the
"Chop at the Venetian" article on July 6th, I'm down $36,000 from gambling! That's a typical swing for the more ballerish guys out there, but for this guy, that's a ton. Thankfully most of that was white meat from earlier in the year, but I'm still
down a couple thousand from gambling in 2007.
Granted, a third of that downswing came solely from the Main Event, where I had $12,000 spread around in myself and others. But a lot of it is from two months of spewing in online poker tournaments. One stopgap I'm immediately implementing is limiting the number of tables I play simultaneously. One of the internet's top MTTers,
BodogAri, won't even allow himself to play more than four tables at once. If someone that much better than me caps himself at four, I'm going to cap myself at three* until I start to show significant improvement in my game.
(*Save for the major stuff on Sunday 'cause it's giving up too much EV to sit out something like the FTP $750k, or what have you)Last night, I played just two tournaments, the $100k and $55k on Stars. I did something in those tournaments I haven't done in a very long time, and it felt great: think.
It's so easy to fall into a rut of "going through the motions" when multi-tabling tournaments. I was amazed at how much better my decisions were last night. All it took was slowing down, thinking about the situation, and evaluating my options. This is hard to do with several tables beeping for action.
Of course, some of the sickest players out there, like
Kevin Saul (aka: BeL0WaB0Ve), can play 10 tables at a time with exceptional profit. For now, I'll keep my expectations within the range of human capabilities. (Side note: Kevin, if you ever read this, I own kevinsaul.com and belowabove.com. They're yours for the right price.)
Anyway, one of the catalysts to getting me back on the road to actually thinking while I play has been reading MTT-based internet forums. I don't even want to go into this too much because there's so much value in certain forums out there that I'd just assume have no part in directing the competition to them.
But there you have it. I'm down a ton lately and am interested in a backer. I could liquidate the stock I have, but investing in the market this early in life is a great recipe to being loaded by the time you're 50. That's another topic for another day. I'm not quite enough of a risk-taker to toy around with that money.