In order to be a poker player...

[ScottySo]

I saw a post somewhere ( I beleive it was on pocketfives) recently saying something along the lines of "In order to be a good poker player you need to be able to take a $100 bill and burn it". The point is you have to be able to remove yourself from the money aspect of the game and just make +EV decisons. However I thought this was the total opposite of the truth. As a poker player you need to make sure all your actions are going to be +EV in the long run, which burning a money obv is not. What do you guys think of this quote, and are there other (better) quotes that fit this thread title?

[FW Andy]

That statement is obviously just a metaphor. I've heard the same for any type of gambling. Basically if you can't go into a game with whatever your buy in is with the ability and knowledge that it can be gone and be ok with that then you can't play ANY game of chance. It's obvious that burning money is not a +EV move but then again, playing with scared money isn't either. It clouds judgement.

[SFBAY23]

[ QUOTE ]
It's obvious that burning money is not a +EV move but then again, playing with scared money isn't either. It clouds judgement.

[/ QUOTE ]

[imjoshsizemore]

Phil Ivey said that that would be the first line of his book if he were to write one on The Circuit.

[Quanah Parker]

Wow, this post ties nicely to the smashing things post.

When I began playing I would often find myself knowingly making bad plays, crying calls, etc. After knowingly donking off $, I figured if it mattered that little to me I should go ahead and pull an equivalent amount out of my wallet and burn it, cause that's what my bad play was doing. I tried with a twenty once, but I couldn't go through with it. I did improve my play, tho.

Hadn't heard the quote b4, but makes good sense 2 me.

[FishyTalkin]

I burnt a backpack full with bundles of $100 counterfeits right in front of some cops when a teenager.

[Colonel Kataffy]

Part of the reason poker is difficult is because you rarely find answer to a problem, or the proper behavior or optimum strategy at the polar end of the spectrum. Here the intent of the person is to point out that you can't be successful if you are at the risk averse pole. This ofcourse is a true. But in this kind of an example, you must becareful to not infer from it that it is correct to be at reckless pole.

To be successful, you need to value money, but be willing to risk it if it is your interest to do so. To play optimally you must navigate the grey area between wrecklessness and risk aversion.

[DeliciousBass]

[ QUOTE ]
As a poker player you need to make sure all your actions are going to be +EV in the long run, which burning a money obv is not.

[/ QUOTE ]

I'll bet you a thousand dollars you can't burn a hundred dollar bill.

[AlanBostick]

Put up the money, and you'll have yourself a bet.

BURN BABY BURN