Going broke in Poker isn’t an uncommon scenario. It would’ve happened to you or to someone you know. If you’ve gone broke, you’re not alone. Many professional poker players also have gone broke. Many poker players can’t resist the urge and end up falling down an endless pit. For most, they lack control, or play too high, or have a bad run. Also, there’s a possibility of just not being good enough.
The point is, nobody deserves to go from have everything to having nothing, but it does happen, unfortunately. Here are a few tips that might come in handy in such situations:
For the players that lack control and have no account of their spending’s, you need to look into savings and find a way to protect your money. Remember it’s never too late to start. This could be like a simple savings account or investments in market. Start putting money aside for rainy days. Don’t be the guy who has it all, loses it all and becomes depressed with no hope. Always have a back-up plan!
Rumours start spreading around the poker community like wildfire, and some individuals take pleasure on hearing that someone else has gone broke. They obsess over others’ misfortune. Though it sounds cliché, you must ignore the haters – their hate comes mainly from jealousy as they don’t like the fact that someone else has succeeded and human nature can make people enjoy watching other’s loss more so than their success.
This can be harmful as well as beneficial. How you take it is up to you. So here’s the deal, many people brag about their wins 24/7. The truth is no one talks about their losses as much as they talk about their wins. You could either ignore this and concentrate on your game or you could use this as a source of motivation – “if that guy can do it, so can I!”
This is perhaps the hardest thing to do. Nothing to be ashamed of still. Asking for help will not make you look small or won’t let other players think little of you. If you are struggling with your game or have done something incredibly stupid then tell someone.
Read blogs (like this one) or Poker Forums, watch YouTube videos and play friendly games. Write if you have to get it off your chest!
If you see someone else drowning in the same boat as you, help them. If they are going through a rough patch, do something to help them. Even just talking to them might help sometimes.