Friday, May 18, 2007

Slow painful death?

I saw a documentary about air disasters a few years ago. There were several crashes caused by faulty steering column on a certain make of plane. In normal operation it was fine but if the pilot jammed the stick hard right or hard left it would fail to respond. If the pilot let go and centred the stick and then gently moved the stick right or left it was ok again. Of course when a pilot was reacting to a sudden abnormal wind sheer he'd jam it hard left and nothing happened. The plane would go out of control and the pilot would be pushing the stick harder and harder when all he needed to do was let go.

I'm feeling at bit like those pilots at the moment, I'm playing a bit too much poker and things are not going too great. Had some shocking suckouts again in the past week or two. I then react with bad play and end up doing more money. I should know better. In the great scheme of things it's not a total disaster but I've never had a run like this before.... I've done huge chunks in a short period in the past but this is the 1st extended run of just losing a bit each month. It's almost laughable when you look at the figures, but it's exposed how fragile a £10-£15k roll can be when you a taking a regular salary out.

Jan: Lost 2k (no biggie right?)
Feb: Lost 1k (no biggie right?)
March: Break even
April: Break even

Now add to that £1k a month salary (plus some house spending) and it's a £9k down swing!

There's still a bit left in the bankroll, but any plans to go to Vegas for the WSOP have been canned (again!). As with each time I've had a bad patch in the past I find my mind turning to alternative sources of income. I put a few wheels in motion in this respect last year, some success but perhaps should have given it more effort. The trouble is when you are riding high at the tables on a fat roll it does not look like a worth while activity. So, here is a note to self! If I ever drag myself out of this slow painful bankroll bleed and get things back on course then I need to put a bit of effort into other 'non poker' income generating activity!! Please feel free to remind me of this the next time I post a decent win!

In the mean time I'm taking my hand off the steering column a little, reducing the hours and taking a break. A week of R&R in Spain should do the trick.

Good luck,

Jim

Tuesday, May 01, 2007

How to dump half the bank roll in two days

Well it's not quite as bad as it sounds! But it could be better. I was having a think about the roll and the house and all the other stuff that's going on at the moment. Having just laid out the best part of £60k on doing up the house I decided to liberate some of the bank roll to pay for some of the finishing touches... you know the essentials like a load of Denon AV kit, a new 40" Bravia, some Kef surround speakers and a new music server.

A bit of retail therapy always cheers you up, and with me spending most of my time on $2/5 at the moment the roll could handle it. Having just paid out for all this I decide to hit what looks like a couple of gentle £2/5 games. Now never let it be said that the poker gods don't like me spending the roll on frivolous items of consumerism but the cards that came off the deck had to be seen to be believed....

You think you a pretty safe on with Ah2h on a Jh Kh Th flop don't you? Erm not when matey boy is holding Qh9h! I was busy nursing the wounds and explaining to the Mrs how this was a 'once every two years hand' and not a problem when I rivered the nut full with Pocket aces (9 9 2 T A) only to see mateyboy flip over the stone cold coconuts of quad nines after all the money had gone in?!?!?!?!?!?!? Tilt-arama ensued as I had Kings cracked twice and aces cracked by a set of 2s in quick succession. £2k down the hole fast as you like!

Just had to pay the monthly £1k wage bill out of the roll as well! Oh dear! All this leaves the bankroll in need some TLC and replenishment from somewhere....the new improved rakeback due in the next day or two should help a bit I guess. But if I dont sort it out could be back to work in a few months time.... the irony being I'm only a few £k down on my high ceiling point for profit!

At least the house is finished and the sun is shining! May have to 'ring fence' the last few hundred for some patio furniture and a decent BBQ! Sausage anyone?

Adios,

Jim