Poker Update and Red Spade Open
Poker has been pretty brutal the last couple of weeks. In a repetition of a classic pattern, I was up a decent amount of money since my relocation to Canada, then withdrew some money to pay expenses and debts and buy a laptop. Then, during the last couple weeks in Mexico, I went on an ugly downswing, and now my bankroll is hurting again.
Due to a wedding and other obligations back in the States, I didn't even have the chance to put in as many days this month as I would have liked, yet I still managed to lose a lot. The difficulties of maintaining a semblance of a life back in the USA and also getting in the work I need to do in front of my computer in Mexico is a subject for my next blog.
The only significant upwards spike in the below graph of the past few weeks is a satellite win for a seat in the PokerStars Caribbean Adventure, an annual live event that takes place January of every year and is basically a fabulous way to start the year as a poker player. Winning the seat was great in terms of morale and also securing the expensive tournament package, but that win is not cash, and the ~$16K uptick is locked up in tournament equity and a hefty hotel allocation. So, the graph below represents the results of a pretty violent downswing. When I come back from my Thanksgiving break, I will likely step down in stakes or seek out backing options, neither of which I am too excited to do.
Still, I am up "for the trip" overall (below is my post-relocation graph), and I am aware that the reason I find myself in precarious financial situations is the result years of bad bankroll management and the compounding effects of living underwater financially. It's just a reminder of how far I have to go to set straight the mistakes of my poker career and correct my inherent personality flaws, like my poor money management.
***
I'm also aware of how lucky I am to still be in the game, especially playing under the banner of PokerStars Team Online. My association with Stars was the clear deciding factor that made relocating worthwhile, and I am not quick to forget that.
It was really frustrating to sit on the sidelines when Stars unveiled its Red Spade Open back in July, when I couldn't play online poker, so it's a tangible reminder of how lucky I am overall that I did get myself set up in time to play the second one, tomorrow at 12:00 PST.
Stars manages to draw impressive crowds when they create these MTT promos, and I anticipate that well over 20,000 players will participate, and the $1M guarantee (with $200K being paid to first on a $55 entry fee) will easily be surpassed. As per the theme of the event, there will also be a $100 bounty for knocking out any member of Stars Team Pro and Team Online (I love making that distinction whenever someone mocks me in chat for being a "pro" after I make a bad play).
Hopefully I can have a big day before I head back to the States again for Thanksgiving, and that will allow me to erase the sting of the past couple weeks. If not, I hope you get my $100 bounty.
Due to a wedding and other obligations back in the States, I didn't even have the chance to put in as many days this month as I would have liked, yet I still managed to lose a lot. The difficulties of maintaining a semblance of a life back in the USA and also getting in the work I need to do in front of my computer in Mexico is a subject for my next blog.
The only significant upwards spike in the below graph of the past few weeks is a satellite win for a seat in the PokerStars Caribbean Adventure, an annual live event that takes place January of every year and is basically a fabulous way to start the year as a poker player. Winning the seat was great in terms of morale and also securing the expensive tournament package, but that win is not cash, and the ~$16K uptick is locked up in tournament equity and a hefty hotel allocation. So, the graph below represents the results of a pretty violent downswing. When I come back from my Thanksgiving break, I will likely step down in stakes or seek out backing options, neither of which I am too excited to do.
 |
| November 2011 |
Still, I am up "for the trip" overall (below is my post-relocation graph), and I am aware that the reason I find myself in precarious financial situations is the result years of bad bankroll management and the compounding effects of living underwater financially. It's just a reminder of how far I have to go to set straight the mistakes of my poker career and correct my inherent personality flaws, like my poor money management.
 |
| Graph since my September relocation |
***
I'm also aware of how lucky I am to still be in the game, especially playing under the banner of PokerStars Team Online. My association with Stars was the clear deciding factor that made relocating worthwhile, and I am not quick to forget that.
It was really frustrating to sit on the sidelines when Stars unveiled its Red Spade Open back in July, when I couldn't play online poker, so it's a tangible reminder of how lucky I am overall that I did get myself set up in time to play the second one, tomorrow at 12:00 PST.
Hopefully I can have a big day before I head back to the States again for Thanksgiving, and that will allow me to erase the sting of the past couple weeks. If not, I hope you get my $100 bounty.
posted by Shane Schleger at 9:10 PM
4 Comments:
Shane- Keep up the good work! Love reading your blogs. Happy Thanksgiving and stay focus.
Quit ya Bitchim'/ Cash something
Although PokerStars is currently offering their Red Scoop Start this Saturday, they may need to relabel it Red Confronted Start.
love your work, but this post was just another cliche poker blog post, bring Shane the writer back
Post a Comment
<< Home