30k in the hole-first post- No limit Holdem
 

Please take this question seriously as I know many will lecture and joke what I have to ask but Iam dead serious. Started playing NL Holdem 8 months ago-plkayed cards before so picked it up quickly. Lost at first (about 1500) then won more and amore-stepped up limits to 10-20 at one point. Cleared about 25000 in month and a half.

My question is this-I went on a terrible run-bad calls-cold cards-tilt-SUCK OUTS etc... Ive spent the 25000 (doesnt matter on what) and left 5000k tp play. Lost the 5000k and am now down 30000k. Major f up I know- I need opinions on how and what tables to play with a bank roll of 600 to start rolling again. Heres the catch- I need about 700 a month to pay off the credit cards that racked. (Im an idiot). Im a solid player-who plays loose aggressive and can tighten up when needed. I do however play some hands to aggressive and get burned or make the odd bad call but overall a good player who is capable...Im in no rush but obviously I want this gone sooner then later. Ive made a log and noted that if I win 100 a day I would be able to pay of the debt in 12 months. This would be at 1-2 doller NL tables. Any suggestions comments welcome. Please be friendly-first post:)
PS I placed the post here becuse you are the most experienced and have heard you guys and girls talk of losing boat loads aswell. I know that you all probably had the money to do so and made it easier to bounce back. Anyway, comments-fire away!!!!

Re: 30k in the hole-first post- No limit Holdem
 

You have to get a job.

Re: 30k in the hole-first post- No limit Holdem
 

have a job-so paying it off wont be a REAL problem over time, but looking for a real poker answer (if that makes any sense)

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
Ive spent the 25000 (doesnt matter on what) and left 5000k tp play. Lost the 5000k and am now down 30000k.

[/ QUOTE ]

So you went down from a $5M to a $3M bankroll? You'll probably want to drop down in stakes.

But in all seriousness, work on your game.

Re: 30k in the hole-first post- No limit Holdem
 

First let me say that i only play small stakes so you might want to take my advice with a grain of salt.

I understand you played 10-20 NL. A bankroll of only 5000 $ seems to be way to small for this. Even if you´re good enough to consistently beat the game you just can`t withstand the inevitable swings.

Playing 1-2 NL with only 600 $ is no good idea for the very same reasons, especially because you probably can`t replace the money right now should you go bust again. I think you should start even smaller, although i understand how frustrating this must be for you.

Please don´t get me wrong, a small fish like me is certainly in no position to criticise your game, but maybe you should take the opportunity to seriously analyse your game and check is for leaks. While suckouts, cold cards etc. may hurt you they are rarely the only reasons for bad streaks.

Re: 30k in the hole-first post- No limit Holdem
 

agree'd-doin that as we speak-thx for the advice

Re: 30k in the hole-first post- No limit Holdem
 

If you have 600 dollar and want to play NL, you have to start at the $25 buyin tables.

You always want around 20 buyins as bankroll.

So to move up to $50 NL you need to turn that $600 into $1000 at the $25 tables.

And then turn that $1000 into $2000 at the $50 tables to move up to $100.

Etc, etc.

When you're playing the $100 tables and lose $1000, you need to DROP DOWN to $50.

Because then your $1000 bankroll is not good enough anymore for the $100 tables.

It's a long way to 30K, but many people have done it before.

Good Luck!

Re: 30k in the hole-first post- No limit Holdem
 

It doesn't sound to me like you are a solid winning player yet, because you clearly have bankroll management problems and that alone would prevent you from being a steady winner.

So, i would say - get a part time job to pay for the debts and meanwhile work on your game (books,forum,practice,look over your hands using PT and etc).
Good luck!

Re: 30k in the hole-first post- No limit Holdem
 

lol

-SmileyEH

Re: 30k in the hole-first post- No limit Holdem
 

The loose-aggressive style rarely wins over the long haul. You might want to move your game to the Tight-Aggressive area (if you can). Go down in the limits and start winning a little at a time to get your confidence back. Good Luck

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
The loose-aggressive style rarely wins over the long haul. You might want to move your game to the Tight-Aggressive area (if you can). Go down in the limits and start winning a little at a time to get your confidence back. Good Luck

[/ QUOTE ]

This may be hard to hear, but I very much doubt you are even a winning player. You had a nice run early on. A lot of players do. But there are few players who are beating 10/20 after a few months play.

I agree with Gut SHot. Tighten up and start at the bottom.

Re: 30k in the hole-first post- No limit Holdem
 

Alright, here we go..30K from $600.

First off, how is your game, honestly....good, bad, or ugly?

The Bad: You lost 30k at 10/20...this means that you probably can't yet win at that level (although 15 buy-in swings are fairly common).

The Good: You could very well be a winning player at lower limits even though you are "probably" a loser at the 10/20. You might even be a decent winner...but be honest with yourself.

The ugly...Losing 30K on credit is a sign that you could have a gambling issue. This game does not lend itself well to compulsive types. Be honest with yourself...that's all I will say about the issue.


Should you choose to work your way up, you will probably want to work up from near the bottom. You must start at the 25s, or, you might want to start at the 50s (you have a moderate shot of going broke there). If you start at the 100s, you have a high shot of going broke...but....this is your decision.

Secondly, you will have to multitable. I don't know if you do this already, but you will need to now.


You will probably have to play 5 hours a day to make $100 at the 25s (if you 8 table). Good luck!

Re: 30k in the hole-first post- No limit Holdem
 

You probably suck at poker and don't know it. Drop down to 1/2 NL and learn the fundamentals and teach yourself proper bankroll management. Read the forums.

Re: 30k in the hole-first post- No limit Holdem
 

If this is your first year, its very likely you dont have enough knowledge about Bankroll Management. I suggest you grind it out at lower stakes till you have 20 buyins for the next level.

Re: 30k in the hole-first post- No limit Holdem
 

You have $600 right? Play 3/6 NL, you've got a full buyin, more than enough to stand the variance you can experience in poker.

Re: 30k in the hole-first post- No limit Holdem
 

doller doller bilz yal

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
You have $600 right? Play 3/6 NL, you've got a full buyin, more than enough to stand the variance you can experience in poker.

[/ QUOTE ]

Don't listen to him. He is an idiot.


You need atlest 3 buyins. Try 200nl.

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
[ QUOTE ]
You have $600 right? Play 3/6 NL, you've got a full buyin, more than enough to stand the variance you can experience in poker.

[/ QUOTE ]

Don't listen to him. He is an idiot.


You need atlest 3 buyins. Try 200nl.

[/ QUOTE ]

you are a nit

Re: 30k in the hole-first post- No limit Holdem
 

"Im a solid player-who plays loose aggressive and can tighten up when needed."


your read is no good...

Re: 30k in the hole-first post- No limit Holdem
 

wow.....get a job pay off the cards, call gamblers anonymous. You have no business playing poker or gambling in any way.

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
Alright, here we go..30K from $600.

First off, how is your game, honestly....good, bad, or ugly?

The Bad: You lost 30k at 10/20...this means that you probably can't yet win at that level (although 15 buy-in swings are fairly common).

The Good: You could very well be a winning player at lower limits even though you are "probably" a loser at the 10/20. You might even be a decent winner...but be honest with yourself.

The ugly...Losing 30K on credit is a sign that you could have a gambling issue. This game does not lend itself well to compulsive types. Be honest with yourself...that's all I will say about the issue.


Should you choose to work your way up, you will probably want to work up from near the bottom. You must start at the 25s, or, you might want to start at the 50s (you have a moderate shot of going broke there). If you start at the 100s, you have a high shot of going broke...but....this is your decision.

Secondly, you will have to multitable. I don't know if you do this already, but you will need to now.


You will probably have to play 5 hours a day to make $100 at the 25s (if you 8 table). Good luck!

[/ QUOTE ]

fallow this... probably the only intelligent post in this tpic.

Re: 30k in the hole-first post- No limit Holdem
 

BLdSWtTRs........is that you?

Re: 30k in the hole-first post- No limit Holdem
 

in which country do they teach you the random use of dash's instead of spaces in your sentances?

Re: 30k in the hole-first post- No limit Holdem
 

[ QUOTE ]
You probably suck at poker and don't know it. Drop down to 1/2 NL and learn the fundamentals and teach yourself proper bankroll management. Read the forums.

[/ QUOTE ]

Don't tap the glass [img]/images/graemlins/wink.gif[/img]

Re: 30k in the hole-first post- No limit Holdem
 

And realize, of course, that a number of the BR advice givers are young kids who took a series of shots and hit the cosmic jackpot. In many cases their "skill" caught up afterwards, and in some cases it still hasn't. Even the former category has an insane risk of ruin. Chances are you will continue cyclically losing money. You might get a big score or a huge rush, tone down your gambling slightly and make it, but unlikely. Don't worry, there are lots of us out there.