Hi there,
Long background story. Skip to the bottom for short summary. Sorry, I can't avoid writing essay length posts.
I started learning how to play no limit nearly a year ago messing around with play money, and probably about 8 months ago I made my first deposit (about $50) and started playing 1c/2c games. At first I was way overthinking and making tons of mistakes trying to play fancy, but eventually I settled into a pretty straightforward style and I started multi-tabling those stakes successfully. I cleared my bonus and had made some money from playing as well. So, at about $125, I moved up to NL5.
The first run was unsuccessful (I lost around $30 in the first session), so I went back down to NL2 and got back up to $125 again. Since then, I've made deposits elsewhere, moving the cash around to get other deposit bonuses on other sites. As things are now, I've cleared about $60 in deposit bonuses, but my account is at $122. Adding up all those losses, that means I've somehow managed to lose nearly $100 at the tables in NL5, and this has happened over something like 40,000 hands at NL5, so I'm posting a pretty solid losing rate of around -5 bb/100 hands over a significant period of time. Because of bonuses, I'm magically still at +$72 dollars from my initial deposit, but I'm clearly not playing successfully.
Current thoughts:
I'm beginning to find this pretty frustrating, because I've read nearly everything there is to read, I've spent a significant amount of time thinking about and playing the game, and my background and personality would suggest that I'd be very well suited to playing poker (I'm an emotionally unresponsive mathematician and the amount of money here is irrelevant). The worst part for me is that I can't identify what the problem is, and I'm not sure how to identify it. I don't want a quick fix or instruction manual, I want to understand why what I'm doing is failing. I want the skills to be able to identify and correct problems.
But, like I said, I've read everything, and I feel like I have a good background and understanding of the game (I guess this isn't true if I'm consistently losing and don't know why though!). If you give me an example hand and time to think about it, I think I can give you a good breakdown of how to play it against various kinds of players, what hand ranges to expect, and how the hand will likely play out. Every couple days I do hypothetical hand situations with a housemate who plays SnG's pretty well, and things seem to make sense. I think my preflop and flop play are okay. I play something like 20/15 (tighter recently, like 15/12) unless there's people folding the blinds all the time, in which case I raise nearly everything from the button. I cbet flops that are good for my range, and don't cbet flops that are bad for my range / good for opponents range (if I can even assign one) or against people who call any flop (unless I think they fold on the turn too much), etc.
But, looking at my tracking software, I have something like a 12bb/100h winrate on showdowns, and I'm winning about 57% of showdowns (wtsd around 22%), and I have around a -17bb/100h result on non-showdowns (winning around 40% without showdown). From what I've seen, that's a completely horrendous nonshowdown result, and I guess the options are that I'm either bluffing too much, or folding too much. Even getting that to -10bb, which would still probably be terrible, would give me much better results (even if it meant some tradeoff in showdown winnings). Maybe I cbet and give up too much against calling stations who missed and would fold turns? So maybe I should two-barrel more, or cbet less? I also often find myself betting and getting called two streets with made hands, and then getting raised big on the river when a draw completes. I don't see how I can justify calling (it seems like that just gives them the right implied odds to make their bad calls earlier in the hand). In my experience, calling has been a bad idea, because I don't think that many people are bluffraising the river with missed draws here. But, I can't just fold every time someone raises me on the river, can I?
I guess I'm looking for anyone else who found themselves in this situation to see if they had some revelation they can share. I feel like I have a much better understanding of the game than many of my opponents, and I feel like I have a big potential to be better and learn more. But there's some glaring disconnect between that and my results, and I want to correct it.
-------------------------
-------------------------
-------------------------
Anyway, short summary of the above:
I grinded out of NL2 successfully, but have posted losses at NL5 consistently over 50k hands. My tracker suggests that I'm folding all of my winnings away. I don't understand why what I'm doing is failing, and I don't know how to try to identify the problem despite what I believe to be a decent understanding of poker basics. My suspicion is that I'm kind of stuck in a conundrum, where I want to bet for value/protection against people chasing draws, but I'm afraid of paying them off when a draw completes, so I just fold my stack away 9 to 15 bb at a time. I'm sure there are other problems as well.
Has anyone found themselves in this situation? (I guess the answer is an obvious yes) Do you have any particular suggestions on how to try to identify my problem apart from reading articles? Is there anything I'm not thinking about that could be worth looking into?
P.S.:
;(
;(