Full House
Join Date: Jul 2007
Posts: 1,056
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Originally Posted by Chopper
Quote:
PS: I think your $40 may be as important to you as my 1k to me
it's all relative to how big is your bankroll and what stakes you play.
Let's just keep grinding!
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so, what i am hearing, out of others, is that ITS ALL RELATIVE? money is important for whatever level you play? so, rich may feel that 1/2 is "higher" stakes because he plays lower? so, "higher" stakes is a relative term that may not have a universal definition for everyone?
now, where is that guy that wanted to argue that a week or two ago? lol. |
I'm reading The Psychology of Poker by A Schoonmaker. I don't think it's too good for any experienced winning player, and so I would only recommend it to new players or mediocre players. But there is one thing in it that is not too bad.
It explains different motives/excuses/objectives people have for playing poker, and while reading it, it made me think how YES, ITS ALL RELATIVE.
We may think it's not like that, but most people dont play poker to make money, or even to win. Of those who do, there are different levels in the priority we give to making money (i have to pay rent, some just want some extra spending money, some are in it for the challenge more than the net winnings).
Our bankrolls affect how we play, and, obviously, whatever our bankroll, we will have a loss-acceptance threshold (Sklansky and Caro spoke about this but I cant remember the term they used).
Given whatever BR and our loss tolerance, losing X% of our BR in a very short time will make us TILT and feel terrible, but X is a percentage, and not a NET value. Thus, losing $40, may feel as bad to someone with certain motivations and a limited BR, as $1k feels to me given my motivations and BR.
cheers all!
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