Running Good

The human psyche is much more adept at spotting downswings than upswings. Even the term Variance is interesting. I would estimate that it’s use in everyday poker language is a 20:1 ratio applied to negative events over the equally common (zero sum game) positive outcomes of variance. This is synonymous with us believing that we’re either playing very well or being very unlucky all the time, plain silly.

Maths guys have HEM to thank for a heightened awareness of where we really sit. Whilst my recent form and upbeat posts may lead you to believe that I’m right on top of my game, I may have mislead you. Not intentionally, as I certainly have nothing to complain about. The fact is that I’ve just been running incredibly well.

The next chart is a useful measure of luck (not the full picture, of course) with the faint line representing my true EV adjusted for equity at the time of the AI.



Now, the volatile psychological emotional persona that I am may be exuding more confidence at the table. And as Doyle says, you should always play your rushes. I certainly think that my opponents are sensing a confident aggressive opponent that should be tangled with sparingly. And online, this is for the most part picked up from results and betting patterns in the current session. Last night I min-raised five Omaha hands pre-flop and picked up the blinds uncontested each time. Unheard of for me.

Why then can’t I bottle this approach to Omaha? One, I wouldn’t want to because you can’t bottle the exceptional luck that was required to produce the results. Secondly, because I’m an emotional human with constantly varying degrees of tiredness, confidence, goals etc. Only last night I was watching a WSOP recording while clicking away, hardly ideal.

Finally, BCG explained very eloquently in his response to a question posed by Yorkie that the negative utility of losing a dollar amount far outweighs the equivalent benefit from posting the same win. Therein, we have the essence of Tilt. Emotionally it affects us much more than the rush that the pessimist in us knows is going to come to an end relatively soon.

Tilt avoidance is much talked about but obviously extremely difficult in practice. I play sub-optimally every session (according to Sklansky’s definition), hence all we’re talking about really is trying to minimise the degree of tilt. I haven’t read Tommy’s book, so I must.

Right at this moment though, I don’t care, I’m running great!