Over the past two months, I've attempted to play NL, exclusively. I played limit for a long time and ran up a bankroll from $20 to over $2000. I heard the siren call of NL--the action, the nerve, the MONEY. NL is where it's at, no doubt about it.
But, I'm not winning. I took the $200 left in my bankroll--long story that has nothing to do with poker--and have managed to run it up to $500. In two months of playing a LOT of poker--$25NL, $50NL, MTTs and SNGs--I'm more break-even than winning. (That $200 to $500 represents a bare minimum winning % per hour.) I was at a loss as to why, until I read this, this morning:
"And some previously successful players HATE this way to play, this "Internet way" to play. Phil Hellmuth is notorious for not wanting to commit all his chips. He wants to see flops, make reads, and outplay his opponents. That is a great skill he has. But bad news for Phil, lots of the new breed of players don't want to let him use his skills. They will shove all-in. If they don't get called they win a smallish pot. If they do get called, they will take their chances with 50/50 or 60/40 or 30/70 races." Steve Badger www.playwinningpoker.com
I'm also notorious for not wanting to push. I think, hope, know, wish, I am better than my opponent after the flop. Some of these guys are so bad you cannot make a good decision when they push in. I've been called when I do push with every bad hand anyone could possibly imagine. Plus, I also make mistakes and stupid plays. Combine these two, it's actually a wonder I'm not broke.
Badger goes on to say, "Lots of people play poorly, and will gladly shove all their chips in as 1-3 underdogs. Part of their poor play is that they have no clue that they are such dogs!"
He's talking about the WSOP in this article, but he could easily be writing about NL in general. If there is any silver lining, it's the last graph:
"The game is being revolutionized... good play is being rewarded significantly more than two years ago. But in some cases it is not so easy to see, and in fact, in some circumstances you may never see actual positive results of your superior play in your lifetime. $10,000 tournaments don't come along very often, but correct play is still simply to choose the best course of action, with the best expectation."
The problem is the "in some circumstances you may never see actual positive results of your superior play in your lifetime." You have to hope that being a 6-5 favorite over the long run of your poker career is enough. You may not be gambling, but your opponents are.
It's a tough racket.
CJ
The entire article is at:
http://www.playwinningpoker.com/articles/04/11.html