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Monday, November 6, 2006

Busted

One reason I had never gone bust before playing poker is I was very good at bankroll management. Translation: I was a wuss, and played way below what my bankroll could sustain. I never really moved beyond 1/2 NL even when my bankroll could easily handle 3/6 NL or even 5/10 NL without a problem. Once in a while, I dabbled in 2/4 NL. Once I had a reasonable roll, I was basically never in danger of losing it.

Thanks to Bill Frist, I cashed out most of my online poker money. I hadn’t really been playing much anyway, and wasn’t really worried about not being able to get it, but it was a good excuse to do so anyway. I left in around $500. That’s only 2.5 buyins for my game, and one cold deck and two bad beats later, it’s gone. I know I haven’t really “busted” in the sense that I lost all my poker money, but it does feel strange to lose everything I had at the site. I don’t plan on putting any money back in, but my FTP affiliate money and ad money goes in there so it will slowly build up again. I’ll use that to rebuild. In fact, this morning it went from $0.03 to ~~$45.73~~ $237.43! (money had been collecting in my affiliate account, not transferring to my player account!)

I’ll probably drop down now to $25 NL and build my way back up. Maybe it’s time for some peep tournies again. I am starting to feel like I want to play more, now, so that’s good. Or bad. I’m not sure.