PkrPwr: The Scared Money Trap

November 6th, 2012  :  Written by Patriot #1

One long-standing rule of all gambling is that “scared money never wins”.

When you’re underfinanced at the table, your decision-making becomes more tentative, defensive and panicky. You make mistakes that opponents seize on and use against you. The ‘whatever-can-go-wrong-will-go-wrong’ phenomenon starts to come into play.

No one knows what causes this. Maybe we panic at the wrong times because we’ve got so much riding on the outcome. Or maybe it’s the missed chances – situations occurring that we can’t take full advantage of. Or it might be that we become more readable because we care too much, or we are more easily intimidated. Or that someone who is desperately afraid of failing tends to cut off his options and his possibilities out of fear.

Whatever it is, scared money is a situation to avoid. Once you feel that cold chill of playing with the rent money – where you simply must win – you’ll find that things very rarely go right from that point on.

Playing scared can lead to a game condition called “the fetal position”. This is represented by totally defensive play – a kind of deer-caught-in-the-headlights panic that takes us completely off our game.

When that happens, the player responds by playing tight, but it’s a false tightness – a kind of fear that second-guesses itself. It zigs when it should zag, and is completely out of sync with events.

Scared money never wins.

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