Hi,
I recieved my $50 about a week ago and have been playing $1 SNGs and am break-even on those so far because I am a disciple of the Basic PS Strategy and am confident that I will start winning.
However, Cash is where my problems start. If someone outdraws me in a SNG, I am often angry and try to get this money back playing cash. I am rather ashamed to admit that I have played as high as $.50/$1 to recoup only my SNG buy in.
I have also played blackjack
I know there is a house edge, but sometimes I get so frustrated that I try to win my money back, and although it has worked for me so far, I am scared because I know I will go broke doing this.
Please somebody tell me how they deal with losing, because I feel like I am technically a good PLAYER, but am an awful self MANAGER.
I have been following a 'maximum of 5% of BR' rule for cash buy-ins no higher than $.02c/.04c, but as I play heads up it is swingy and concerning me that I have such a weakness.
I beileve that poker is a skill game, and because I am pretty sure that I am a good player, it is disconcerting to have this massive gambling weakness, which I know I need to be able to overcome to sustain my bankroll through the bad beats.
My bankroll is $62 as I write, and I really don't want to lose it!
Any help is greatly appreciated, and just so you know I have played poker for a few years before taking a long break. I have looked at my figures and was shown that I had played 5,000 SNGs on PokerStars (no higher than $10) with an ROI of 12%. I built a bankroll of about $10k, before cashing out to help finance work on my house.
I am trying to start small, as it has been a while since I played back then!!
Regards