Embrace losing

Tuesday, January 26th, 2010

One of the keys of poker is losing.
It’s a fact that we all lose, and often. Even the best players lose hands, lose pots, lose sessions and lose tournaments because of the degree that chance plays in poker. But that losing keeps the bad players playing with us, so we have to lose, and we [...]

Epic losing

Friday, January 8th, 2010

Back in December (2009) PokerStars made another run at the Guinness record for the biggest poker tournament. After hours of wading through 149,196 players to finish second, bommel222 won $30,000 for his $1 investment. After a prior lifetime high winnings of $26, he promptly lost all of it, in the period of just over a [...]

Philip Rivers: “I hate to lose even more than I enjoy winning”

Monday, January 4th, 2010

I was watching the pregame NFL show today and they had a bit with Philip Rivers, quarterback for the San Deigo Chargers. One of the things that he said is that he hates to lose, even more than he likes to win. He says that’s what keeps him going, studying tape, preparing himself so that [...]

Problem gambling, Part I

Friday, September 25th, 2009

Pat, who is a regular reader of this blog, sent me an interesting question. Pat discovered that one of the regular players in the circuit is losing money, a fair amount of money, and in a short period of time. Here’s a graph and some results:

Across the top summary line you can see 715 tournaments [...]

The fallacy of online poker gambling?

Sunday, September 6th, 2009

Wow, I just ran across an old and awful internet posting that appears all over the place. “The Fallacy of Online Poker Gambling” Google it if you want to read it; it’s in a lot of places and I’m not sure where the original posting exists, if it does still exist.

“The top poker players in [...]

No Worries? No Fear!

Wednesday, July 29th, 2009

I have a general propensity toward worrying too much. For me it’s not a big deal most of the time, but unfortunately my 12 year old daughter seems to have inherited that propensity in a different, larger and more debilitating manner. These days she is experiencing a nervous “tic” of needing to go to the [...]

Prospect Theory

Monday, April 13th, 2009

A while back I wrote a post wondering about how I seem to be willing to win less rather than risk losing more. This was a relatively new awareness for me, at least consciously, though it ties into such things as my preferred Islewars game settings.
Now I’ve learned that this is not only common, but [...]

Why not play more, and higher levels?

Tuesday, December 2nd, 2008

Sometimes I tend to get fairly personal in my writing here, at least in a poker sense. This is one of the reasons that I keep this blog anonymous. There are other reasons for the anonymity; I like to keep my poker persona separate from my non-virtual life, I don’t want players whom I might [...]