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Variance Sucks
Posted at 12/15/2005 02:10:06 PM in Personal Poker Experiences by Sack.
When I last wrote with an update I had finally lost after a nice little hot streak there. Well, now eleven days later Iíve managed to drum up several curse words and probably even made up a few new ones in the process. December is quickly becoming a bad month in my mind, as I will always remember this as the month that taught me about a little thing known as variance.

Since we do have some newer players reading this, variance in itís simplest form is the ups and downs that your bankroll may take. It doesnít necessarily reflect on how good or bad you are playing at the time, itís simply an inevitable part of playing. Basically itís a ďyou win some you lose someĒ type of thing. Nobody just outright wins continuously forever. You can play your absolute best and lose, and conversely you can play pretty badly and actually win.

Well, I knew a losing streak was inevitable. I was hoping against it. Especially since the payout structure changed for the sit-n-goes I normally play. Winning them wonít pay out quite as much, but now the top 5 are in the money rather than top 3. Since generally when Iíd lose it would be while bubbling out in 4th or 5th, I figured a slow steady profit would be pretty easy. After all, Iím practically a tenant of the top 5, right? Thatís what I get for thinking.

Iím not really doing anything different, I just canít seem to win. So my fallback has been the cash tables, which Iíve done pretty well with overall. That is until the other day when my pocket aces got burned by pocket kings. Preflop he raised big time to a little over 20X the BB with no action before him. I was in late position and bumped it up another 4 times that. I knew in my bones he had KK. It folded back to him and he thought for a sec and pushed. I called with my remaining chips and hoped not to see a king. After an ugly flop, and then a nice turn card there was a pause to tease me, and then of course came a king to wipe me off the table. The perfect end to a god almighty shitty day.

So I cancelled my last withdrawal I had, and set forth the next day hoping for better things. I won a satellite tournament to get into a 15K guaranteed later that day. Came in the money in that one and suddenly all was back right. Iím still struggling with my SNGís right now, but Iím balancing it well, and have managed to still be up a little for the month so far. Hopefully things will turn back around full circle soon, and I can get back to making some decent money again. HopefullyÖ

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