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poor friend...getting out of debt


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So this guy on my floor, he loves poker and plays it all the time live...but only small games like $20 or under.He decided he wanted to give a shot at on-line poker but had no sense of bankroll management. So he put in $50 at party poker but just couldn't get the hang of it, he lost the $50 and put in another $50...he did this until he was $200 down. At this point he decided to take a break and study the game more. After more of a study on the game he began to play again. ever since then he has been a break even player. He'd win $100 then lose $100 and so on. So he's still $100.He says that he wants to win back his $200 dollars and then quit on-line poker forever. (HA! i don't believe him for a second) but he asked me what the best way to get his money back.i told him to just forget the $200 and move on. playing to break even isn't a good strategy.any advice from you guys?

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"He decided he wanted to give a shot at on-line poker but had no sense of bankroll management."You said it yourself, he has no sense of bankroll management. The only way he's going to be able to put what he's studied about poker to use, is to play within his bankroll. He could take the 100 and play a .50/1 no limit game, make the absolute optimum play, and lose it! The best thing you can do for him, in my opinion, is to tell him to play within his bankroll. I'm not as up to date on limit bankroll management, but I know if he wants to play some nl ring games, tell him the highest he can go is a simple 5/10 cent (10 buy in), that way he has 10X the max buy in. If he mult tables that, and i'm sure he should be able to turn a profit playing sound poker, he could get his 200 back in a week or so depending on how many tables and how many hours he plays......Overall, just tell him to be smart with his bankroll.

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So this guy on my floor, he loves poker and plays it all the time live...but only small games like $20 or under.He decided he wanted to give a shot at on-line poker but had no sense of bankroll management. So he put in $50 at party poker but just couldn't get the hang of it, he lost the $50 and put in another $50...he did this until he was $200 down. At this point he decided to take a break and study the game more. After more of a study on the game he began to play again. ever since then he has been a break even player. He'd win $100 then lose $100 and so on. So he's still $100.He says that he wants to win back his $200 dollars and then quit on-line poker forever. (HA! i don't believe him for a second) but he asked me what the best way to get his money back.i told him to just forget the $200 and move on. playing to break even isn't a good strategy.any advice from you guys?
thats the best advice i can give to you and him, if you're playing for anything but to win, then you're not gona win, ive had the mentality for a while and lost, i put in 50 then got up to 350, and could have come out even, but i decided i was playing to win, but i lost and have no regrets, juss tell him to stick to home games, you can find some big pots(200) on any campus
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So this guy on my floor, he loves poker and plays it all the time live...but only small games like $20 or under.He decided he wanted to give a shot at on-line poker but had no sense of bankroll management. So he put in $50 at party poker but just couldn't get the hang of it, he lost the $50 and put in another $50...he did this until he was $200 down. At this point he decided to take a break and study the game more. After more of a study on the game he began to play again. ever since then he has been a break even player. He'd win $100 then lose $100 and so on. So he's still $100.He says that he wants to win back his $200 dollars and then quit on-line poker forever. (HA! i don't believe him for a second) but he asked me what the best way to get his money back.i told him to just forget the $200 and move on. playing to break even isn't a good strategy.any advice from you guys?
Tell him the only way he's gonna be even is if someone hands him some moneyAnd then tell him that no, you're not going to pay his debt :club:
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I had a friend who seemed like he was into poker as much as me, he asked me to help him set up an online account. I told him its harder than live, he should read SSHE first, he refused and played. Over the semester, his losses total $400, he came to my house 2 days ago to borrow SSHE. I also sent him to Chris and Keiths strategy blog, and smashes old blog.***EDIT*** I tried to help him while he was losing by datamining him. I told him he needs to lower his VP$IP (because it was 52%) and he told me im wrong and he is fine....$400 is a hefty price to pay for being stupid. I feel bad for him, but I set him on the right track again.

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Quit simply it sounds more like your friend is into gambling than playing poker given his get back to even mentality, promise to quit, and refusal to learn the game (probably believing its more luck). I would say pull out the $100 and just save it till he want to actually play some real poker instead of gamble. And if he really wants the $200 back, take the $100, spread $10 on 10 different rouletee numbers and hopefully he gets lucky and hits his 1 in 3.8 chance and now has $350. But seriously, he needs to view poker than more just quick easy $ which it isnt.

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I've read theory of poker, advanced holdem for tourneys, and some books written by Mcevoy and TJ Cloutier (which I think are garbage). I've never had time to go out and get a copy of SSHM, I guess because I figured all the concepts were explained in one way or another in theory of poker or advanced tourney.I usually play NL .25/5, and I was wondering if SSHM could really help, or is it just for limit?

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I've read theory of poker, advanced holdem for tourneys, and some books written by Mcevoy and TJ Cloutier (which I think are garbage). I've never had time to go out and get a copy of SSHM, I guess because I figured all the concepts were explained in one way or another in theory of poker or advanced tourney.I usually play NL .25/5, and I was wondering if SSHM could really help, or is it just for limit?
i thought it would help my NL game but i soon realized that limit is a completely different game than NL and many of the concepts won't apply or apply differently
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