Why Am I Not A Shark? - S1E12: Sticking To The Plan
If you have been reading my stuff, you know that I had a pretty profitable couple of days on Sunday and Monday, significantly growing my bankroll. The big question I had to myself on Tuesday was “how should I attack the slate?”.
On one hand, I had been hot the past couple of days and with my wins perhaps playing a high dollar game or playing more volume could lead to into winning even more. On the other hand, I had a great couple of days, and the skeptic in me isn’t sure that I am hot, perhaps just lucky and I could easy lose my money.
I know of a lot of people in the community get a big win, try to keep it going, play in an even bigger tournament only to bust out. I actually think that separates the “sharks” from the regular guys. I mean honestly, I think I am as good as the Top 10-15% of the field. I don’t have the winnings to prove that, I don’t have the live finals, etc., to prove that, I am a nobody…. But in my head, I really do feel like if I played 1 on 1 against the Top of the Field, I would be about .500 with them. I think I can hang.
But you know what? Taking that $1800 I won, throwing it into a $1500 buy-in tournament or playing a few $300 tournaments would have lead to be doing busto. I would have been risking over half of my bankroll, which is stupid. I am trying to NEVER have to deposit again and get to a level where perhaps I can earn a little side income for fun. Going for broke and chasing the big payouts against the top of the field would have been dumb.
And guess what? My lineups yesterday sucked. I had a bunch of Orioles bats (sucked), Darvish (stunk), Fulmer (was just OK), faded Scherzer in my main lineups. Not a great night for that plan. I threw in $72 or approximately 2-3% of my bankroll. I played a few lineups in DK and 2 lineups on FD. I lost $60 basically. I had a lineup with Indians bats and a lineup with Diamondbacks bats with OK enough pitching and fading Orioles that cashed. Now my bankroll is down 2.3%, and still up 68% from where I started the season. I live to fight another day and I live to try to grow on top of my profits rather than playing catch-up.
You ever run hot? Do you do anything different or do you stick with your plan? I guarantee how we manage our bankrolls is what separates us from the sharks.