YouTube2Text

The Hope/Despair Cycle in Poker — Transcript

by Carrot Corner - Poker Education · 2,481 words · 352 segments · language en · Watch on YouTube

Full transcript

  1. 0:00The hope and despair cycle in poker is
  2. 0:02what happens when you equate things that
  3. 0:05feel good to progress and things that
  4. 0:07feel bad to regression. You play on
  5. 0:09Wednesday, you have a great day. You're
  6. 0:11hitting sets left, right, and center;
  7. 0:13straights; flushes. You're check-raising
  8. 0:14the flop; people are paying you off;
  9. 0:15your bluffs are getting through. You
  10. 0:17feel like an end boss; everything is
  11. 0:18tying together logically. You have a
  12. 0:20reason for a play, you make the play,
  13. 0:21you get the result you hoped you would
  14. 0:22get, and you say, "I did X, I had a good
  15. 0:25reason for X, X worked, therefore I am
  16. 0:27good." You make that argument, not
  17. 0:29explicitly, but subconsciously in your
  18. 0:31head you make that argument. Trust me,
  19. 0:32we all do this. And then the next day
  20. 0:34things start not going well. You
  21. 0:36three-bet a hand you three-bet the day
  22. 0:37before and the guy four-bets you. You
  23. 0:39try a bluff on the river that was
  24. 0:40working yesterday; you get snap-called
  25. 0:41by a hand you didn't expect; then you
  26. 0:43run kings into aces; then you get set
  27. 0:44over set; and then another bluff doesn't
  28. 0:46work, and you're down four and a half
  29. 0:48buy-ins, and you're thinking, "What on
  30. 0:50earth is going on?" I can't think."The
  31. 0:51cards are coming at you fast and
  32. 0:53furiously, and you can't cope with it
  33. 0:55and. You're drowning and floundering and
  34. 0:56making loads of mistakes until the point
  35. 0:58where you either combust and go on some
  36. 1:00massive tear where you play dreadfully
  37. 1:02and lose a bunch of buy-ins, or you quit
  38. 1:05your session and you stop playing poker
  39. 1:06for 4 days, or a week, or maybe just 24
  40. 1:09hours. It comes down to what kind of
  41. 1:11poker player you are and how you handle
  42. 1:13the despair part of this inevitable
  43. 1:15cycle that all of us find ourselves in.
  44. 1:17And when your self-worth and confidence
  45. 1:20are built on a graph going in the right
  46. 1:21direction over a period of time of a
  47. 1:24day, or a week, or even a month, or even
  48. 1:263 months, or even 25,000 hands it all
  49. 1:29comes crashing down inevitably when
  50. 1:31variance does what it always does and
  51. 1:33smacks you in the face. Let me tell you
  52. 1:35a story about me so you can see that
  53. 1:37you're not alone in being a victim of
  54. 1:40this cycle. It's something that plagues
  55. 1:42all of us. It's not just you that's
  56. 1:43going through it. When I was 21 years
  57. 1:45old, I didn't have the internet in my
  58. 1:47flat. We were too lazy to get it put in.
  59. 1:49We were wasters, man. We were drinking
  60. 1:51and doing other stuff all the time, and
  61. 1:52I was working night shift in a casino as
  62. 1:54a dealer, and I was basically doing
  63. 1:56nothing good for myself. But I loved
  64. 1:58poker and I would get excited about it I
  65. 1:59get butterflies in my chest thinking
  66. 2:01about the game. And before work I would
  67. 2:03go across the road to the internet cafe
  68. 2:05at maybe like 2:00 p.m. when I rolled
  69. 2:07out of bed. I'd be working at 8:00 that
  70. 2:08night and I would just pay for some time
  71. 2:10in the internet cafe and I would sit on
  72. 2:12PartyPoker with the weird like
  73. 2:13mannequin-like people and I would just
  74. 2:15grind all afternoon and I remember one
  75. 2:18day
  76. 2:19I went in full of hope, I'd been on a
  77. 2:21good run, I'd planned out I'd written
  78. 2:23down on a bit of paper, right? Cuz back
  79. 2:24then that's what you did, you wrote on
  80. 2:26stuff with
  81. 2:27pens and that's what we used to do then.
  82. 2:29And I wrote out this plan that was like
  83. 2:31I'm going to have 20 buy-ins for 100 NL,
  84. 2:33then 200, then 500, then 1K, then 2K and
  85. 2:37I'm going to be like a high stakes rich
  86. 2:39baller next year, like early next year
  87. 2:42or something. This is like I don't know,
  88. 2:43June or something like that, let's say.
  89. 2:45And that afternoon I went to the
  90. 2:46internet cafe, I played on PartyPoker
  91. 2:48with the mannequins and I got absolutely
  92. 2:51wrecked.
  93. 2:52Everything I did didn't work. I remember
  94. 2:54a hand actually where I had ace-jack on
  95. 2:57the flop and I tilted and I shoved when
  96. 3:00it went like bet and raise. I was a
  97. 3:01horrible poker player back then. This is
  98. 3:02start of me even playing poker. It went
  99. 3:04like bet and raise and like a single
  100. 3:07raise pot on the flop and I shoved 100
  101. 3:08big blinds with ace-jack. I had top
  102. 3:10pair, top kicker and I ran into the nut
  103. 3:13flush draw and pocket kings
  104. 3:16and I won.
  105. 3:17I hit like a jack on the turn and then
  106. 3:19it bricked out.
  107. 3:20And I won two buy-ins and I remember the
  108. 3:22guy is posting like the you're a fish
  109. 3:25and I don't know if there were even
  110. 3:25emojis back then or if they just typed
  111. 3:27you suck at poker. They wouldn't have
  112. 3:29said bro back then cuz no one said that.
  113. 3:30They probably said man in those days.
  114. 3:32Man was probably the thing. And then I
  115. 3:34went on another downswing and started
  116. 3:36losing more pots and I was really
  117. 3:37tilted. I was playing horrendously. And
  118. 3:40then I opened up the blackjack and
  119. 3:43roulette. Lost a few hands of blackjack,
  120. 3:46clicked the roulette button that was on
  121. 3:47PartyPoker in those days. Absolutely
  122. 3:49like button on the table like such
  123. 3:55predatory [ __ ] And I clicked the
  124. 3:56roulette button and I put [ __ ] tons of
  125. 3:58money on the layout cuz I was a dealer
  126. 4:00at the casino. I wouldn't just bet red
  127. 4:01or black, right? I would like bet a
  128. 4:03section of the wheel and I plastered a
  129. 4:04bunch of the remaining money in my
  130. 4:06account in a tilted frenzy
  131. 4:09like gambling problem type stuff here
  132. 4:12all over that virtual layout and I hit
  133. 4:14big. I hit like my prime number right in
  134. 4:16the middle of it, boom. And I watched my
  135. 4:18balance go from I think I was down to
  136. 4:19like
  137. 4:21What did I have like 2K in my account? I
  138. 4:23was playing with like a 20 buying roll
  139. 4:25and I must have lost like I don't know,
  140. 4:27seven buys or something like that day.
  141. 4:29And I plastered like several hundred
  142. 4:31dollars onto this like roulette spread
  143. 4:33and I must have won like 15 $1600 on the
  144. 4:37spin.
  145. 4:38Something like that. And then I was back
  146. 4:40over 2K almost 3K and I walked out of
  147. 4:43the internet cafe
  148. 4:44to work and I was like, yeah, my plan is
  149. 4:46still concrete. It worked. I'm going to
  150. 4:48be a pro. It's so delusional. I know
  151. 4:50that is like the pinnacle of delusion,
  152. 4:52all right? Being a kid with some
  153. 4:53borderline gambling issue and like a
  154. 4:55dream and and somehow here I am talking
  155. 4:58about cards 20 years later or whatever,
  156. 5:00right? But
  157. 5:01that aside for now.
  158. 5:03That's an extreme version of that, but
  159. 5:04my theory to you is hope you enjoyed
  160. 5:06that story, but my theory to you is that
  161. 5:09you're just the same as that but on a
  162. 5:10lesser scale, right? Like you're a 25 NL
  163. 5:12player, you're sitting there in a
  164. 5:14laptop, family around you, kids are just
  165. 5:16out of the bed, wife is watching
  166. 5:17something on Netflix. This is all very
  167. 5:19cliche, right? And you fire up 25 NL,
  168. 5:21you're grinding four tables. The night
  169. 5:22before you felt like an absolute in
  170. 5:24boss, everything was working and that
  171. 5:25night you just get silently wrecked and
  172. 5:27you're just sitting there shriveling up
  173. 5:28into yourself like this
  174. 5:31piece of fruit that's been left out in
  175. 5:32the sun just becoming like this
  176. 5:35shriveled, quiet, wrinkled slob of
  177. 5:37despair. Just hating everything. You go
  178. 5:40to bed questioning everything, doubting
  179. 5:42yourself. You wake up the next day and
  180. 5:44you just play again and you leave it up
  181. 5:45to variance how you feel about your
  182. 5:47poker
  183. 5:48life, your what career you can have out
  184. 5:50of the game, what stakes you're going to
  185. 5:51be playing one day. All of this is just
  186. 5:53forever contingent on how you're running
  187. 5:55that day, that week, that month. And you
  188. 5:56kind of know this consciously. If you
  189. 5:58ever stopped to think about it, you
  190. 5:59would realize it.
  191. 6:01But you don't.
  192. 6:02You just keep going in this this cycle.
  193. 6:04So what do we do about this? Like if
  194. 6:05that sounds like you and you're
  195. 6:06thinking, yes, this is me. I'm just
  196. 6:08constantly bouncing between optimism,
  197. 6:10pessimism, hope and despair. What do I
  198. 6:12do about it? Let me tell you what you do
  199. 6:14about it. You stop making it about you.
  200. 6:15You've got to take yourself out of the
  201. 6:16equation. It's not actually about you.
  202. 6:18If you were reading a good book, you
  203. 6:19wouldn't actually care about you. This
  204. 6:21is why reading is so therapeutic. It
  205. 6:23takes us away from that main character
  206. 6:25syndrome. And poker is the opposite of
  207. 6:27reading. Poker puts you right at the
  208. 6:29fray. It's like, this is about you.
  209. 6:31You're the protagonist. You're basically
  210. 6:32in the novel now rather than reading it.
  211. 6:34There's a reason we sleep better when
  212. 6:35we've been watching TV or reading or
  213. 6:37something like that. It's because we
  214. 6:39become observers. Counting sheep are
  215. 6:41observers, right? We're watching them
  216. 6:42jump over the fences. As soon as we are
  217. 6:45involved and it's about us and we're
  218. 6:46plotting and planning and figuring out
  219. 6:48how to make the next day better. How am
  220. 6:50I going to get around the fact I've not
  221. 6:52handed in that assignment at work? I
  222. 6:53could tell my boss this and this and
  223. 6:54this. Maybe they'd believe me. I could
  224. 6:55get that colleague. And that's how you
  225. 6:57end up staying up all night, right? Just
  226. 6:59achieving nothing but going round in a a
  227. 7:01horrible cycle of just ideas that don't
  228. 7:04solve problems. And you wake up at 5:00
  229. 7:05in the morning and you can't get back to
  230. 7:07sleep. And
  231. 7:09what you need to do in your poker life
  232. 7:11is you need to put the protagonist to
  233. 7:13sleep. And you need to make yourself an
  234. 7:15observer, a learner, a student. It needs
  235. 7:18to be about the game, the curiosity, the
  236. 7:21marvel of the whole thing, the strategic
  237. 7:23element. And you can't just be a
  238. 7:25fair-weather strategist. You can't just
  239. 7:27be someone that likes the strategy of
  240. 7:28the game if and only if you're running
  241. 7:30good. Oh, this is so curious and
  242. 7:32interesting that hand where I stacked
  243. 7:33villain. You get this in the Discord all
  244. 7:35the time. What do you think of my call
  245. 7:37on the river? My thinking was blah blah
  246. 7:39blah. The guy is making some punt call
  247. 7:40and just happened to stack someone that
  248. 7:42time. He just happened to run into a
  249. 7:44bluff in a completely under bluff spot.
  250. 7:46And like, there'll be this inevitable
  251. 7:47back and forth where like the sensei or
  252. 7:49coach or whatever will be like, this is
  253. 7:50a really bad call because blah blah
  254. 7:51blah. The guy will push back and fight.
  255. 7:53And that is just that's not unusual at
  256. 7:55all. And there are extreme versions of
  257. 7:57that like I've spoken about today. And
  258. 7:59there are just the everyday humdrum
  259. 8:01version of that, which is just feeling
  260. 8:03like a genius when something goes your
  261. 8:04way and feeling like an idiot when it
  262. 8:06doesn't. And as I've said, to get away
  263. 8:08from that, you have to start reading the
  264. 8:10book of poker, so to speak. There aren't
  265. 8:13actually any good poker books anymore.
  266. 8:15That's why we have a training site.
  267. 8:16Carrot Corner Bronze is the first
  268. 8:17course, by the way. It's only £99. You
  269. 8:20get 15 very serious videos, plus you're
  270. 8:23going to get 40 trainer questions,
  271. 8:27hand-chosen by me at the end of the
  272. 8:28month. They'll just be dropped into your
  273. 8:31training page on Bronze, if you have
  274. 8:32that tier. And it's not just a GTO
  275. 8:34trainer, it does have GTO also. It has
  276. 8:35my feedback. I'm really looking forward
  277. 8:36to that launching. But But this is the
  278. 8:39This is the very point, right? You have
  279. 8:40to become that observer, that student,
  280. 8:43that curious scientist, that that
  281. 8:46someone who's exploring, right? Rather
  282. 8:48than someone who's experiencing. Because
  283. 8:51when you're experiencing in poker, you
  284. 8:52can't help but try to survive. Because
  285. 8:55when you're the subject, you go into
  286. 8:57survival mode. And when you're watching
  287. 8:59something else, you go into inquisitive,
  288. 9:01subconscious, flow state very easily,
  289. 9:05right? When you're in a You're watching
  290. 9:06a film, you're in a flow state. It's a
  291. 9:08less engaged flow state, but you're like
  292. 9:10completely zoned in. You're like in the
  293. 9:12moment with those characters, watching
  294. 9:14that unfolding. It feels really good
  295. 9:16because it takes you out of that main
  296. 9:18character syndrome, protagonist
  297. 9:20[ __ ]
  298. 9:21So when you find yourself, the poker
  299. 9:23player,
  300. 9:24obsessed about how you're doing, and
  301. 9:25it's all about you, that's why you're
  302. 9:28stuck in a hope and despair cycle.
  303. 9:29Because you accidentally made yourself
  304. 9:31the subject of your poker career, and
  305. 9:33you're not. You're the object of your
  306. 9:35poker career. Things happen to you.
  307. 9:38Variance happens to you. Winning and
  308. 9:41losing sessions are dished out to you at
  309. 9:43random.
  310. 9:44They are not anything you can control.
  311. 9:45Even as a winning player, you may have a
  312. 9:4744%chance of having a losing session
  313. 9:50that day. That is how real variance is.
  314. 9:53In Bronze, we have a a video called
  315. 9:55Volume and Variance that really tries to
  316. 9:56spell that out for you.
  317. 9:58But yeah, you really do have to make it
  318. 10:00about the game. Poker
  319. 10:03is the subject of your poker career,
  320. 10:06and you are just riding that wave. And
  321. 10:08you want to study You want to study
  322. 10:10poker. How does it work? How do you get
  323. 10:13good results out of it long-term? Like
  324. 10:15it's this really complicated machine and
  325. 10:18all you're doing is putting stuff into
  326. 10:21it to see what comes out long-term and
  327. 10:23what comes out in the short-term does
  328. 10:25not matter. You want to get fascinated
  329. 10:27with that machine like an engineer would
  330. 10:29be fascinated with a boiler. Mine's
  331. 10:31broken right now. It's on the center of
  332. 10:33my mind. It's pretty annoying. I've got
  333. 10:35an electric heater behind me.
  334. 10:37But yeah, you get the point. If you
  335. 10:39suffer from this hope and despair cycle,
  336. 10:40I'll talk about it at greater length. I
  337. 10:43wanted to bring this up today. I wanted
  338. 10:44to keep this short and sweet and
  339. 10:46succinct. So let me know how you feel
  340. 10:48about it. Happy to discuss with you guys
  341. 10:50in the comments. If you like these kind
  342. 10:52of mental game poker career performance
  343. 10:55based videos, I will make more. Just say
  344. 10:57down below and smash the like button.
  345. 10:58It'll really help me out and check out
  346. 11:00Carrot Corner everything that we do to
  347. 11:02make poker the protagonist, to make you
  348. 11:06the learner who's curious and fascinated
  349. 11:08and absorbed and in flow state so you
  350. 11:11don't have room
  351. 11:12to be the victim of the hope despair
  352. 11:15cycle. See you next time.

About this transcript

This page contains the full transcript of The Hope/Despair Cycle in Poker by Carrot Corner - Poker Education, generated from the public captions YouTube serves with the video. The transcript has 2,481 words across 352 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to choose a caption track available on the video.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, caption language selection, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.