Louisiana State Poker Championships, Isle of Capri Lake Charles
Once again, I regained my confidence, Cashed or Won 4 straight weekly tournaments at the local casino as well as went on a span of either Winning or cashing consecutively in my home game as well from Early January up until Late march. I was close to being back even from what I lost in the time span of October-November 2010 and couldn't wait to continue climbing up the later. I went spend a weekend in Lake Charles for the Louisiana State Poker Championships in the month of April 2011 and pulled of a Nice profit playing the 5 5 NL cash games there but the first day was rocky as I was in the negatives. The following day I had a huge day grinding the cash games from 10 am - 9 pm to pull a $1200 profit, giving me a $400 profit for the weekend. This was a good thing, but again, I felt a need to chase the money I had loss and showed more compulsive tendencies rather than well thought out calculated risks. I was playing in Lake Charles in preparation for the next upcoming Tournament event series in New Orleans, LA in May.
The WSOP Circuit Regional stop Harrah's New Orleans
I was going to make my name here, I was planning to play multiple tournaments and go deep in atleast one. I brought a significant amount of my bankroll to do so and only planned on using half of it. This was another bad idea and lack of discipline managing my bankroll. Especially with the previous occurences I have been having with my brand new habit of chasing my money. The first day I arrived, I went directly to the 1/2 NL table as I never had a losing session (out of about 8 experiences) at Harrahs casino in New Orleans. knowing this I was extremely confident, but needless to say I was about to get the coldest deck I could ask for and definitely the worst timing possible. It started out with my AA getting cracked by KK for a $300 pot leaving me short stacked so I bought in for another $200. I then got involved with a guy who fell in love with his flush draw and shoved the flop when I flopped 2 pair. Naturally the pattern of this trip was I call when way ahead and get drawn out on saying good bye to my chips. I ended the day with a $400 loss and figured I would make up for it on day 2.
I entered the biggest field in a $340 tournament with 676 entrants (I believe Captain Tom Franklin went on to win this event) and was put at the same table as a friend of mine oddly enough. I really liked my table as they were very easy to read. I picked my spots perfectly, avoided players when I had to, got involved with the weak players when I had to, things were going great. got passed the dinner break. Our table broke up and I was moved to a new table on the short stack and the aggressive Chip Lead of the table was to my direct Right. This sucked for me as I had to pick spots to take blinds and rebuild my stack but yet avoid getting derailed by this guy who seemed to almost raise every other hand. The first two times I shoved my 12-17bb stack everyone folded and i raked the antes and blinds. but the last time....the Big Blind decided to wake up with KK and my 10 9 suited didnt touch the flop what so ever. I was out 130-140ish and the top 80 paid.
I still wanted to play though (thinking I can try to atleast get my buyin back....more chasing thoughts) and buy in to a $125 sit n go. I come out 5th when I shove 77 and get called by JJ and get knocked out.
I have $180 left in my wallet and decide to put it down at 1/2 NL again. My table is mostly filled with loose drunks and passive nits. I am doing great and taking advantage of this table. I work my stack up to $735 and did something I told myself I wouldnt do. I gave myself a number to reach before I got up from the table. I was shooting for $800 when 3 hands knocked me down to $320. First, 2 pair lost to a rivered straight. Next, drunk guy was calling with A high and I have JJ on 10 high flop trying to bet him off the hand. Ace hits turn and drunk guy went from talking non stop to immediately quiet (while rotating in circular motions of drunkness of course) then shoves all in.....we both had about $500 and I just rolled my eyes then folded. Very Next hand I am UTG and look down at QQ. the standard raise was $12-15 and I had a very loose image and was raising alot so this passive nit in late position reraised to $40. I go in the tank, try to put her on a hand and figure she thinks im trying to bully the table again so I reraise her to $150 (I now wish I would have just flatted to see the flop and spike the Q because I would have stacked her if I did so.) She immediately goes all in for about $600 and has me covered. If I call this and lose I would be broke and just the way she played it screamed AA or KK here. I go in the tank...I then look at her and she is looking at the felt, not me and I ask her....Do you have Aces or Kings?? and she looks at me and say, "Which one do you want it to be." (I was thinking to myself JJ but I knew I was beat and folded the Queens face up to show her I had a huge hand. She later told me it was Aces and I played with the person back home that was sitting on the left of her that she flashed her cards to. When I brought the story back up again at our local casino she did confirm that it was pocket aces. Back to the cash game I managed to get back to $500 after a couple hours, then at 3 am, my last hand I played was 9d 8d and flop fell 8s 9h 3s. I bet got 2 callers and a drunk rich looking frat kid says "All in" then smirks at his goofy Frat brother who thought he was the comedian of the table. I Called and the other 2 folded. the pot was just over $1000 and the frat boy showed As 5s...I needed to sweat any spade to take down this pot...and of course on the river. the Q of spades slaps me in my face.
Local Casino Tournaments
This was just disgusting and I continued to try to play the local casinos tournaments and cash game but could tell that I was playing bad due to the beats that I have experienced in New Orleans. I wasn't playing my A game and was trying to play through it instead of taking a much needed break. I continued to play once or twice a weak until mid July at casinos when my last straw was 3 horrible cold decks in a row. The First experience seemed like every other pot I was involved I had 2nd best and then left when I misplayed AA in early position against a super aggro rich guy and allowed pocket 8s to see a flop as well because I failed to Reraise everyone else off the hand preflop. Naturally on the flop he gets his 8 and I don't catch up. The next week I play the tournament and flop top 2 pair and lose because someone decided to try and be superman by shoving Ah Qs on a Kh 10d 9h board and I have Ks 9s not going anywhere. The turn and river are running Hearts and I get knocked out because a guy who normally plays super Tight and I put him on AK shoves with Ace high and sucks out. Finally I am getting bad beats and shove my short stack with AK off and get called by 3 4 off and he said he was calling cause 4s having been hitting every flop. This may be true because the dealers are incapable of correctly washing the deck after each hand and of course the 4 hit and I don't catch up. This hurt my roll down to about $400. I was no longer able to play at the casino safely and needed to take a break for multiple reasons but mostly to build my confidence back up.
Since that time I have not been at the casino and been just playing home games and small cash games .25 .50 to try and rebuild as well as putting money to the side. I have learned from my mistakes and trying to practice better bankroll management skills. I have been studying more and more during the days that I do not play. I will do my best to make sure I don't repeat the faults that I have recently because with proper bankroll management I could be sitting on a profit instead of in the negatives for trying to chase my money. I did not respect my limits and showed poor decisions rather than keeping a level head and trying to make the best decisions financially and strategically.Since then, I have noticed a turn around in profits once again and my confidence is beginning to come back.
I hope you can learn from the mistakes that I have made reading this. Success in poker is majorly correlated with the management of your bankroll. The best players in the world could also go broke with poor habits or decisions. Good practice will create more success!
Good Luck,
Matt Stroud
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