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widgewilliams

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uttoxeter | Staffordshire | United Kingdom
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Bankroll Depleted - Lessons Learnt and Plan of Action

August 7, 2010, 3:35 am

Ok, so on my last payday (2 weeks ago) I deposited £50 (79USD) and today it has all gone and my bankroll is zero.

Is this a bad thing? Well, yes and no.

Obviously i would prefer to still have a bankroll, and i would prefer it to be getting bigger each time I play. Oh well. So what positives can I take from this?

First is that it took me twice as long to lose it while playing more hands than it did the previous month, so i'm clearly improving In general over the course of a session I am making money, then I'll make a couple of bad calls and end up losing half my stack or more, with the inevitable rebuys.

Second is that overall I lost £94 (152USD) so somewhere along the way i actually won £44 ($70USD).

Of that £18.80 ($30USD) came from non showdown winnings, with the remaining £25 ($40USD) coming from winning at showdown.

However, the simple fact is that I ended up losing £76 (122USD) when I went to showdown.

The stats support this.

WTSD: 25.3%

W$SD: 30.2%

I'm simply going to showdown when I shouldn't even be still in the hand. I need to be folding more often than I am, and do so earlier in the hand. This is my major leak.

Were I to do that I would now either be in profit, or at least breaking even.

I am also calling 3bets too often, and not folding to cbets often enough. These are my main secondary leaks.

I am being too aggressive on the flop and flop cbetting too often rather than check/call check/folding where appropriate. I imagine this is actually quite a common experience for beginners who know they need to apply aggression but fail to apply it selectively.

And finally, I am not 3betting steal attempts often enough, squeezing enough, or 3betting enough. I am also double barreling far too often. These are my tertiary leaks.

There are others but those are my main leaks.

It is two weeks before I get paid again and can reload my account.

Plan of Action for the next two weeks.

1. Continue to review and review the Outstanding Poker Videos.

  • to review and re-review Tim and Rob's videos
  • to continue to make notes on all the videos
  • to compile all the notes into a giant mind map to put on my wall, and to review that daily.

2. To use HEM's leakbuster, and Robs leakfinder videos to further identify and understand where and why I'm giving money away, and what I need to do to plug those leaks.

3. To replay and analyse all my previous sessions, to identify bad moves on my part, and to understand what the profitable play should have been.

4. To spend an hour a day observing tables in order to better develop hand reading skills and put the various players on hands and ranges. To use the hand history to see what moves the various players made, and to see if I was right with the hands or ranges i had people on.

5. To watch a Sit and Go, or MTT Video or two, and play some freerolls.

Plan of action upon payday.

1. To reload

2. To play less actual poker. To establish the discipline of reviewing a previous session prior to starting a session, playing a session, and then analysing and reviewing that session, daily. So instead of playing a 90 minute poker session:

  • 15 minutes: review the previous session (earlier that day, yesterday, etc)
  • 60 minutes: play a session of poker
  • 15 minutes: review that session, replay hands, analyse what went wrong, what went right, make notes.

3. To introduce a weekly review and make plans for the following weeks play focusing on areas to improve, new skills to introduce etc.

4. To continue watching and learning from the videos.

5. To play a SnG, or MTT freeroll once a week for a change of pace.

 

So in summary. I've lost my bankroll and have 2 weeks of not playing poker aside from the occasional freeroll; so i've two weeks to learn, to study, to develop, to improve. In one sense then it is a good thing I've depleted my bankroll this month. I will gain much from it.

 

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Comments (2)
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  • filobetto
  • Great post! Great Plan! The only thing for me that possibly wouldn't work is putting a time limit on how long I play. If I feel that I am playing right win or lose I keep playing. If I am down and I see I only have 10 minutes left it would put pressure on me I think.
  • widgewilliams
  • Thanks. I think i need a time limit, certainly for now, or i'd sit (and at this moment in time lose) for 3 or 4 hours. In several of Tim's videos he says something along the lines of not becoming attached to the outcome, which is very zen :) So with that in mind I think setting myself a strict time limit will see wonders for my game. I will play approx 60-100 hands in that hour and when that hour is ended I will close the table. The aim being to take each hand as it comes and attempt to play it optimally, and to have no concern about whether a hand wins or loses, or whether I am up or down at the end of the session. Keeping the sessions short will keep my concentration from flagging, and the reviews will keep me focused. After the review I can make a nice fruit smoothie or vegetable juice, refuel my brain and play another session if i desire. If I am playing each hand optimally the goal then I will make money as a result anyway, but the money no longer becomes important. And then, hopefully, the habit and discipline of making the optimal play will become established and firmly fixed at which point i'd like to play four 90 minute sessions a day with reviews in between.

Bankroll Depleted - Lessons Learnt and Plan of Action | Posted in: Blogs

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