Phil Galfond Rues $680k Loss Over Two SessionsJanuary 31, 2012 4:52 pm
Top internet poker pro Phil Galfond has been blogging recently about his latest $680k downswing playing mostly $100/$200 PLO, over the past week. At the heart of his present woes would also appear to be an area he has placed a great deal of emphasis on in the past, namely keeping a balanced life.
After relocating to Canada post Black-Friday, where he now plays on PokerStars as “MrSweets28,” the US player originally lost $300k before showing a 447k profits, but is currently down $570k on the site so far.
The 27 year-old has suffered horrendous downswings previously, most notably a $1.5 million one which finished April last year. However, this time around Galfond said it feels different, compounded by the fact he has found himself missing his mostly New York non-poker playing buddies.
Consequently, Galfond complains of feeling little relief outside of the virtual poker felts, making his downswing a lot more stressful to handle. This has also resulted in poor sleeping patterns, and as he explains:
“Over the last few months, I’ve actually tilted to the point of clearly playing worse on more than a couple of occasions. That’s something that never has happened to me in my first full seven years as a poker player. That should have been my first clear warning sign that something was very wrong.”
Having identified the problem, Galfond feels he’s now already part of the way towards remedying the situation. Turning his attention to the practicalities of bankroll management, Phil Galfond says he will now drop down stakes and try to build his roll up from $90k to a quarter of a million dollars. However, his last tweet would indicate it’s still going to take some time, as he wrote:
“90k to 250k mission not going so hot. Played 2600 hands yesterday at 10/20 through 50/100: -$55k. Stars roll 36.2k…If I get too low to multi-table, I’ll probably give up and get a transfer.”