Why do you keep playing the poker after losing huge money? (2 Viewers)

[uptrendfinancialsignal]

It’s always devastating to lose big amounts of money when playing the game. But why do you still go back to the tables? I want you to tell a story of WHY and HOW you come back after a down period and how do you employ proper money management?

 

[1stop]

I’ve had some bad beats in the journey but I don’t go hunting for losses. On the contrary, I step down from the game and check my moves and pick up one or two tips from my loses. Money management is also very important.

 

[uptrendfinancialsignal]

I’ve had some bad beats in the journey but I don’t go hunting for losses. On the contrary, I step down from the game and check my moves and pick up one or two tips from my loses. Money management is also very important.

That’s a mature and responsible attitude when it comes to poker. It is just as important to know when to stop and take a break and reflect on the errors made as it is to focus on honing on what went wrong.

 

[ProChips]

Well after a down period, I correct my mistakes as well as spotting the opportunities that are presented during the game. To ensure I do not continue pursuing losses, I avoid setting huge goals and I also prioritise bankroll management.

 

[Bawse]

I’ve had some bad beats in the journey but I don’t go hunting for losses. On the contrary, I step down from the game and check my moves and pick up one or two tips from my loses. Money management is also very important.

I put bankroll management above everything else, but I also have a similar thought process when I play, so I don't have any huge losses to my bankroll. I also only play tourneys, and if I don't have a deep run/nice score after a few buy-ins. I usually take a mental break.

 

[uptrendfinancialsignal]

I put bankroll management above everything else, but I also have a similar thought process when I play, so I don't have any huge losses to my bankroll. I also only play tourneys, and if I don't have a deep run/nice score after a few buy-ins. I usually take a mental break.

Sure, that’s good discipline. Staying disciplined on money management and taking a break often will prevent big losses as well as burnout. I strongly believe this is a more reasonable approach to playing the game.

 

[Ja sa bong]

If you keep playing after losing big in any poker game, it means that you're being carried away by your loss and playing for revenge which doesn't go well 99% of the time.

 

[Nomad]

I have never lost a very big amount on gambling, I know responsible gambling. I don't even play too frequently.

 

[uptrendfinancialsignal]

@Nomad I couldn't agree more. Pursuing lost money in poker will end badly for players. Whenever I noticed that I'm not getting it right, I review my approach, then choose smarter moves. Making hasty decisions while you are seeking revenge from losses will drive you further into financial trouble.

 

[freelancermaria]

If I had to play it, I wouldn’t continue after losing a significant amount of money. It’s not practical, especially these days when life is harder for everyone.

 

[uptrendfinancialsignal]

I'm with you on that. The financial and emotional damage brought by significant money loss could be a situation too harsh to endure. A few players develop an illusion that they must keep playing additional hands to recover their loss, which is very dangerous.

 

[pukana]

As long as you use a good bankroll management system, you avoid most of this financial/emotional damage. the more you learn the easier it gets. always study when your playing good poker and willing to adapt... more so than when your losing because new strategys can trigger bigger downswings. my thoughts are if you beat a game play it 1000s of times if not learn a strategy that will help you. if your not willing to learn DONT deposit and play freerolls

 

[Bawse]

As long as you use a good bankroll management system, you avoid most of this financial/emotional damage.

I agree 100% and it's usually the players disregarding bankroll management that end up steaming on tilt. Bankroll management, and breathers/breaks after frustrating hands is how I do it.

 

[pukana]

I agree 100% and it's usually the players disregarding bankroll management that end up steaming on tilt. Bankroll management, and breathers/breaks after frustrating hands is how I do it.

People have different zones of comfortability too, know where your at play within your comfort zone and be honest with yourself and the rest kind of follows suit...gl out there

 

[Ravenfreak]

I know better not to keep playing if I lost a good chunk of money. I think some people just get too invested in the game, and get addicted. Honestly I feel this is the reason why people tend to lose too much money when gambling in general.

 

[Nomad]

One of the best ways to minimize your losses is by playing with lower stake. For instance you fund your account with x amount and play until you have balance.

 

[magnus2022]

I never loss huge amount of money in playing poker or other forms of gambling. I play for fun and don't expect much from the games. Due to the fact, i don't throw my money careless on the board, i never feel compelled to recover my losses. Once, i reach my tolerance limit, am done.

 

[lens]

For me, it's about emotional control and not chasing losses. When I'm on a losing streak, I take a break and reevaluate how I am going to do the next round. I set a budget for what I am going to lose without getting back into trying to recoup my losses.