Aug 7 and 8
Well the weekend did not go very well, I lost a total of $460 almost entirely on bad beats.
These just reinforces the need for proper bankroll management. In the past I very well may have lost everything I had in the account bring more to the table after a few bad beats to try to win back the losses quickly. Instead I followed my 10% max buy-in rule and still have $500 in the poker account to keep playing with.
I was playing mostly $1-$2 pot limit Omaha.
On three occasions I flopped the nut straight with a rainbow board so did not have to worry about a flush.
On three occasions I lost. The first time I was against a two pair who hit the full house. The second time I was against a set who hit the full house and the third time I was against a draw to a higher straight who also hit the card he needed.
Then twice I flopped top pair with a nut flush draw and ended up all in to a guy bluffing with middle pair and three random cards. Both times they hit two pair and I missed everything.
The last big hand lost was a gamble on my part but one I feel was worth it.
I had about $100 starting the hand and had 8 9 10 J. I called a $6 bet and then the BB raised to $20 which both me and the original raiser called so we had a $60 pot seeing the flop. The flop was 2 7 10, so I had top pair and 13 out for the nut straight two more outs for a set of 10s. There was a two clubs on board and I had only one in my hand. The first guy to act bet $30. I figured I was behind but the 13 out for a straight was good pot odds especially in a three way pot. The guys behind me likely had AA in his hand and I was guessing the other guy had a flush draw or maybe a set. I decided to push all in and got called by both, and I was right. The raiser and the nut flush draw as well as top pair with over cards and the other had AA 56.
I ended up hitting the straight on the turn only to have the flush hit on the river. But I think I made the right move and would most likely do the same thing again as I had about a 40% chance of winning that hand and was betting $70 to win $300 getting better tehn 4:1 on my money.
Those six hands cost me on average $75 each or about $450 in total.
Bad beats are a part of poker and they are going to happen. It can get frusterating when a few of them happen over a shot period of time. You have to maintain your disapline and either keep playing the same way or if it is affecting your play you need to walk away from the table for a while. Better to walk away down money then to keep playing and lose more.
I have decided to stop giving a break down of the funds I have withdrawn and which funds are in the poker account and just provide the end result. I figure the break down is just going to get more complicated as I move money to other poker sites. Right now I have made $1500 in Withdrawal and have $500 left in my account so I sit at $2000 and will use the end result number going forward.
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