Discrepancy between my online BR and IRL BR

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verneer's Blog

September 05 2010

Discrepancy between my online BR and IRL BR

I win/lose $100 - $500 pots online all the time. It's part of playing the 100NL/200NL games. It sucks to lose them and rules to win them, but it's completely standard. On the other hand, if something was to break with my car and the repair cost would be $350, it would hurt much, much more than losing a $350 pot. The same is true with the stock market. If my stocks lose $200 one day, I don't even pay attention. Yet, if I was to pay $200 for medical bills, I would be one sad verneer.

I feel like my online BR is somehow different from my Real Life bankroll. Yes, I realize I could cash out all my online money, but it's not really an option (since what would I do after that?) Same with the stock market - I could liquidate my stocks at any point and cash it out (except for the $ in the IRAs), but I just let it do it's thing.

Maybe it's because I associate the money in my bank and wallet as directly related to buying goods and services and the money I have online as serving a totally different purpose (money used to make more money). Yet when I stop and think, it should all be the same, right? Or not?

It's critical for the brain to make the disconnect between the money on the table and the potential goods/services you could purchase with it if you didn't choose to play with it. I know that this disregard for money is absolutely critical if you plan on playing the high stakes and nosebleeds. I am guessing a lot of this is acquired. I'm sure the first time Cole South lost/won a $10,000 pot he had a rush. Over time, this went away.

I think that as long as I don't have this disconnect fully in place between my online BR and IRL bankroll/needs, I am anchored to my current limits. Not that there is anything wrong with that :)

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1303 Views | Comments(6)

September 05,2010

I use to keep track of my BR all the time in notepad to see where I was at. Eventually I stopped doing it and at some point when all the numbers got blurred, I stopped thinking about the money and how I could spend it. I guess once I played full-time I would win/lose every day and it sort of became natural. At first it did bother me a lot because I would think "I could have bought X or Y with that money".It is indeed critical to make the disconnect between amounts won or loss and money in real life, otherwise it's impossible to play optimal.So all that to say: I agree. :)

Stake Monster

September 05,2010

Concur completely with your description...my mindset is nearly identical.

uclafsc

September 05,2010

I just have a sick disregard for all money, so unless it's a somewhat large ammount in relationship to my total net worth, It really doesn't effect me no matter where it's coming from. That being said, I think this mindset is sort of a double edged sword. I'm not scared money (in poker or irl), but I have a harder time holding onto money than most people.

overbet56

September 05,2010

'Yet when I stop and think, it should all be the same, right? Or not?' This is your mistake. what cts and others have acquired is an ability to think very well about the IMPORTANT things in poker. all that said i am familiar with the phenomena you speak of. Things will take care of themselves if you are in a game, bankrolled, and a good poker player though right?

DrRepper

September 06,2010

IRL bankroll hits tilt me exponentially worse.

SkinnyBrown

September 07,2010

I have the opposite.

Rant2112

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