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Poker Discussion
General Poker
My $20 > $1k run.
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[QUOTE="aliengenius, post: 707158, member: 11924"] The problem with comparing it to something like weight loss or fitness is that in those endeavors you actually have a lot of control over your progress toward the goal, and that progress is relatively linear. (Un)fortunately poker isn't like that: 1. poker is a game of small edges 2. poker is a game of high variance consequently: 3. you should be playing for the long term Taylor's three reasons (p. 60-61) why you shouldn't make your goals monetary: 1. You have limited power to achieve monetary goals due to variance in the short term. 2. Conclusions are difficult to draw when you miss your monetary goal. Again, due to the nature of poker your potential failure may have little to do with your play, resulting in unnecessary disappointment at not meeting the goal. 3. Monetary targets can actually detract from what your real goal should be: making good (+ev) decisions. The examples he gives: perhaps you have a goal of x big bets by a certain date, but are short: you might be tempted to make some marginal calls on long shot draws just to make your goal. Or conversely, if you are ahead of your target you might begin (subconsciously?) to play tighter and pass up small edges to protect your winnings. When setting goals you want to have control over the ability to achieve them. It's foolish to have a goal of winning the lottery. Again, due to the nature of poker YOU DON'T HAVE CONTROL OVER WINNING MONEY IN THE SHORT TERM. [/QUOTE]
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My $20 > $1k run.
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