Anyone know who Gaucho staked in the FTP NL 200/400 game?

[dlpnyc21]

[ QUOTE ]
Gaucho made a mistake in his blog out of frustation, he admitted to it, so give it a break...

I think Strassa was definitely +Ev in that game, and I think anyone who could afford to would back him in that game without hesitation. That being said, I agree that Gauco made a poor decision if he couldn't handle the possible swings involved.

[/ QUOTE ]

i think jason was definitely +ev vs. that lineup, which is why i made the decision in the first place. that said, i wasn't prepared to handle the swings, and was very frustrated at myself for my underestimation of how much it would hurt if i lost, which was a very real possibility given the variance of the game...2 buy ins is nothing in that game. lesson learned. strassa and i are good friends, we talked, and he accepted my apology. move on plz.

[cbloom]

Why is Strassa even getting staked for this game, I thought he had tournament winning monies?

[samsdmf]

Wow, here Strass comes across as a guy asking for a stake, not demanding, not tricking, not shooting any angles to get a stake in a game he thought (and probably did) have an edge in.

Gaucho comes across like a spoilt kid who wanted to take his bad decisions out on someone else.

Its like the teenage boys who snitch on their PE teachers that are nailing them.

[Dustin D]

Man, the thought process is incredible here. In your blog you wrote it was a terrible decision. Well in all honesty it was prob pretty close to neutral ev. It didnt work out so what. If I make what is a good bet and lose I'm happy.
I got my money in good and that's all that matters. I am frequently amazed that generally intelligent people are very bad at grasping gambling oriented concepts. Gauge the ev of a situation and forget about results. Even later when you say you won 23k, well I guarantee you ran very well. If you had lost you would be saying what a poor decision it was to play when you were upset

[Jason Strasser (strassa2)]

I am not rolled for 200-400 NL, any other questions?

[dlpnyc21]

[ QUOTE ]
Man, the thought process is incredible here. In your blog you wrote it was a terrible decision. Well in all honesty it was prob pretty close to neutral ev. It didnt work out so what. If I make what is a good bet and lose I'm happy.
I got my money in good and that's all that matters. I am frequently amazed that generally intelligent people .are very bad at grasping gambling oriented concepts. Gauge the ev of a situation and forget about results. Even later when you say you won 23k, well I guarantee you ran very well. If you had lost you would be saying what a poor decision it was to play when you were upset

[/ QUOTE ]

LOL. It's not results. If he had won, I still would have been upset at myself for risking so much. Yes, it was +ev, but I could also put all of my investments in one blue-chip stock that was relatively +ev, or I could play every 10k donkament in sight, which I'm probalby +ev in over the long run, but I don't. I was upset at myself for my underestimation of my risk tolerance in a single investment, simple as that. NOTHING to do with my estimation of his ev in the game. simply put, he was +eV in the game, but the variance was pretty high. that will affect the overall value of the investment. variance in poker is like beta in stocks. it's implied/natural volatility will affect it's average price (or value of my investment in this case).

[restrikt]

[ QUOTE ]
Man, the thought process is incredible here. In your blog you wrote it was a terrible decision. Well in all honesty it was prob pretty close to neutral ev. It didnt work out so what. If I make what is a good bet and lose I'm happy.
I got my money in good and that's all that matters. I am frequently amazed that generally intelligent people are very bad at grasping gambling oriented concepts. Gauge the ev of a situation and forget about results. Even later when you say you won 23k, well I guarantee you ran very well. If you had lost you would be saying what a poor decision it was to play when you were upset

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I think everyone here is well aware of that.

I think the point is that it isn't wise to "gamble" at stakes you are not properly rolled for or capable of handling the swings of. I think you would agree that putting your entire life savings on a 60/40 gamble would not be very wise, no? Furthermore, if you lose that 60/40 gamble, you would be very very unhappy and upset, no?

[Dustin D]

If you have 500k+ and make a bet where you happen to lose 40 of it, I would not consider that to be a "truly horrible life decision"

[restrikt]

Umm even if 500k is all you have?

[muxplust]

[ QUOTE ]
I am not rolled for 200-400 NL, any other questions?

[/ QUOTE ]

You are the man, Strassa. I do everything the same as you in this whole situation.