Tonight I lost around $260, I took a massive blow to my BR and confidence. There were stints of frustration but I cannot admit that I made so many mistakes nor was I tilted in the slightest to warrant or encourage such a huge loss.
I started the 5 hour session with 5 tables. 2 of 2-7 triple draw and 3 LO8. Mostly and no higher than $1/$2. I lost silly money in the triple draw and I can remember a few hands where I am certain I made mistakes. Most of my losses in that game came down to missing my big draws or betting the river, getting raised and never seeing worse than an 85432. I've got to do that bet/folding thing more often, but I have seen people bluffraise me when I pause before betting. Yet the man to my left was drawing to bad hands the whole time, and he won over $170. This guy was 3 betting 9 draws pre and patting rough tens and owning me in position. The maths weren't in his favour but luck certainly was. Another man won $100. This is in $1/$2. I probably did about 7 $32 bullets.
In O8 I was getting plain unlucky! I am sure the only time I capped a street way behind was when I flopped a king flush. Obviously the guy who plays 60% of the hands miraculously has the ace flush. Usually his highest card is a king, let's put it that way. Another hand I flopped broadway with two pair. A fellow of a similar ilk called two bets on the flop with KQ89 (one pair, gutshot, backdoor flush). So the only way he wins that hand is his flush. Guess what, he gets there - and the other guy who I KNEW had two pair rivered the low as well. Chances of both those things happening are well below 10%.
It's not exactly Right Thinking to be looking at my cashier balance or graph during my session but I knew I was losing big and had to keep track. To be honest I only quit because I was tired. My friends in the background were telling me to stop but I was telling both them and myself I am playing the same way I always do and that usually makes me win. This time it isn't working, and it isn't working in a big way, but I know how I play gets the money and if I keep swinging, the ball might find the bat, y'know?
Looking at my graph for Limit O8 I've definitely had a downswing this month and I'm neither above nor below expectation. Compile it with PLO8 and PLO however, and I am £150 roughly below expectation.
This is the biggest loss I've incurred thus far and I am not sure I am able to withstand another such loss. It definitely means I have to start playing $0.50/$1 again and stop $1/$2. Maybe I'll try those PLO8 sit n gos again, they gave me a nice boost before. When you take a hit like this you have to be humble and drop down in stakes.
Despite the grim loss, I still feel good about the way I play, except I need to find the fold button more often. A bet saved is a bet earnt.
Despite a massive win earlier in the month at Triple Draw I am quite sure I have now lost more than I have won and it has become a drain on my bankroll compared with O8. As addictive as it is the only solution is to stop playing it until I have studied it a bit more and can afford to splash around. With $773 (was $1036) I can't afford to mess around.
Signing off,
LV
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