The cost of mistakes

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Every time I start playing NL 6 max, I tell myself:
"I love my stack!"

[Antinome]

Avoid mistakes, yes....

Fear dropping a stack or two, no.

Otherwise you end up Weak/Tight.

Don't love your stack, love your bankroll.

[Sir Winalot]

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Avoid mistakes, yes....

Fear dropping a stack or two, no.

Otherwise you end up Weak/Tight.

Don't love your stack, love your bankroll.

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Love this, especially the last line, nh nome.

[GtrHtr]

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One of the first major evolutionary steps in a poker player's career is learning to avoid making the big mistakes.

Good players can recover from small mistakes, but consistently making big mistakes over your sessions is the freeway to Bustoville.

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Could you give some examples? I was pm'ing one of the other mods yesterday back and forth about another subject and I brought up the fact that since switching to this game I'm doing well this month but "still have a significant problem I think, I just don't know what it is." Now I think I do. When I lose money:

1. My lucksack sucks, no biggie, variance etc but I get beat AI preflop when I'm ahead more often than is normal. That isn't my problem, thats variance right now.

2. Getting it allin when I'm behind. This is the problem, and it comes in many varieties.

a. AQs on a A57A board and I lose to 77 - probably acceptable for the most part.

b. AKo on a A72 flop - over playing my TP - something to be learned here on hand reading after the flop.

c. JJ in a reraised pot pre, 937 board reraised after a c/bet - shove by me = horrible. I really liked the example in EMc's RIO's thread the other day. For some reason I wasn't looking at these from a RIO's perspective.

Thoughts?

[wslee00]

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b. AKo on a A72 flop - over playing my TP - something to be learned here on hand reading after the flop.


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I'd love to see how this hand played out. If you got c/r'ed on the turn or river, then I can see a laydown.

[the machine]

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b. AKo on a A72 flop - over playing my TP - something to be learned here on hand reading after the flop.


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I'd love to see how this hand played out. If you got c/r'ed on the turn or river, then I can see a laydown.

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yeah im not laying down this unless im given a reason to with some odd line from villain that tells me im beat

[GtrHtr]

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b. AKo on a A72 flop - over playing my TP - something to be learned here on hand reading after the flop.


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I'd love to see how this hand played out. If you got c/r'ed on the turn or river, then I can see a laydown.

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I'll convert a couple when I get home if you want, just let me know.

[DannieUke]

Antinome's comment on becoming weak-tight is of value. After all, those same "mistakes" that cost us a buy in or two are also sometimes the same good calls or suck outs (in our favor) that end up giving us a >100 BB boost in a session.

Personally, I'm finding that at 02$NL you can pretend to be as savvy as you want, but the bulk of the profit comes from nut peddling. It's constant fluctuations in my stack until that moment that I can go AI with what is the best of it at that time. Out of 6K hands, if you take away the top five money-making hands played, I'm in the red. Do the same for the five largest money-losing hands, and I nearly double my BB/100.

And if you don't love the swings, then there's always a limit table open...

So -- now, can someone please explain "meta" game to me...

[jively]

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I'm finding that 2 or 3 mistakes for stacks frequently result in negative sessions. Is the margin of error typically this small?

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It can easily be this small.

A strong win rate is 10 PTBB/100 = 20 big blinds per 100 hands, or 0.2 big blinds per hand. That's a strong win rate. Make one mistake for your stack every 500 hands, and there goes your entire edge.

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The strong win rate of 10 PTBB/100 includes getting stacked once in a while. The fish make so many mistakes for their stacks that I think you could overcome getting stacked once every 500 hands.

-Tom

[ChipStorm]

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I'm finding that 2 or 3 mistakes for stacks frequently result in negative sessions. Is the margin of error typically this small?

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It can easily be this small.

A strong win rate is 10 PTBB/100 = 20 big blinds per 100 hands, or 0.2 big blinds per hand. That's a strong win rate. Make one mistake for your stack every 500 hands, and there goes your entire edge.

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The strong win rate of 10 PTBB/100 includes getting stacked once in a while. The fish make so many mistakes for their stacks that I think you could overcome getting stacked once every 500 hands.

-Tom

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Of course you'll get stacked at least that often. I'm not talking about Sklansky FTOP mistakes. I'm talking making an error that, with sound ABC play (not omniscience), you shouldn't have made.

My point is just this: Over 500 hands you can expect, with a good win rate, to win only ~100BB. So it's very easy to throw away your entire average win for those 500 in one single boneheaded play. The edge IS that thin.