In order to be a poker player...

[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.

[Pog0]

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

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this is relevant?

edit: it's like burning play money.

[HSB]

I think this pretty much covers it.

[jfhst18]

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this is relevant?


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No. But it's funny.

[PocketChads]

i burnt the money in my wallet a year ago when i wasn't going to class at college

it didn't make me start going to class like i thought it would

[wiper]

a hundred dollar bill??

how about a 20...

[einbert]

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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?

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In poker the chips are points, not dollars. You can't think of what's in front of you as being worth a Cadillac--doing so would have disastrous implications. You use those chips to do battle. You protect them, but at the same time you aren't afraid to lose them all in the right situation. If you've calculated that pushing all-in on the river as a bluff is a profitable play, even though your opponent will call sometimes, you know that you are going to lose that stack of chips sometimes. But you do it anyway.

[sweetjazz]

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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.

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

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I think the right scenario is: I bet you can't burn a hundred dollar bill. If you do and you then flip a (fair) coin three times in a row and each time it comes up tails, then I'll pay you $1000.

Assuming the bet is made in good faith, a good poker player should accept it (provided he has a sufficient bankroll).

In fact, the thinking is basically the same as what goes on when you call a river bet expecting to lose but figuring you are good often enough given the pot odds being offered.

[SittingBull]

"emotional bankroll".
Some millionaires who lose 20.00 playing poker become all bent out of shape. By the same token,a poor player who drops 100.00 will have no problem sleeping.
So your tolerance for a given loss is a function of your personality.
SittingBull