I may be in a negative feedback loop, but I don’t think it’s like what you’re saying. It’s a good guess, though. It sounds very typical. But what actually happens to me is stuff like this:
- Early, blinds at 15/30 or 30/60. I get a nice starting hand to open with, in position. Not a monster, but something you should open. KJ, AT, JT, QJ, KQ, something that if you hit a pair on the flop, it’s going to hold up a lot of the time. I raise to 200-270. Flop misses me, I dump the hand when my one caller bets. Or I c-bet and take the hand. Or I c-bet and I lose a big pot when my opponent lies in wait and raises me.
- Say I win the hand above. I play another hand. Same thing. A few of these happen, and if I’m lucky, I’ve won a few small pots, and maybe I’m up 1000 cihps. Or maybe I got someone all-in and now I’m up to 6000-7000 from a 3000 start. Maybe I’m even up to 8000-9000. 1-3 players have busted, the rest are mostly healthy stacks. Blinds get up to 150/300, 200/400 or so. I want to hold onto that stack. I can bully from position, and do so when I have the opportunity – with decent cards, with position, open raises don’t get many calls. Finally, I’ll do it and someone will raise me when I have AJ, and it turns out they have AK, they double up from 2500 to 5000, or 4000 to 8000, and I drop from 8-9k down to 6.5k or 3k. Back to square one, still three more players need to bust before I’m in the money, blinds are still rising, and now someone else has the bully stack, and now no one will fold to me, whether preflop or post, and annoyingly they “never” lose a hand against me. I either get lucky and double back up, maybe about 1-in-10 of the time, or I bust trying, getting 5th or 6th when at one point I had the lead and should have expected to easily finish ITM.
- If I’m lucky, I go card-dead during the midgame, and can’t play anything, getting a steady diet of 62, 53, 74, 83, and instead of me throwing away all my chips trying to win another hand with starting cards I feel obligated to play because if you don’t, you’re playing scared, I can legitimately fold hand after hand after hand, and if I’m super lucky, the rest of the table cleans itself out for me, people playing for big pots KO each other, and soon it’s bubble time, and I’m still on a big enough stack. When this happens, I have a better than 3/4 chance of surviving the bubble, simply by not playing any hands and waiting it out. Or maybe my ice dead period will end and I’ll land a premium pair, finally, just as some desperate player is ready to shove, and I’ll be able to call and take them. These are the games I tend to win.
- When I don’t win, after about the 5th or 6th game in a row, I’ve usually had enough ridiculous beats that I no longer believe in strategy, and just want to throw away chips on the theory that if I pay off the poker gods to the tune of 1M-2M chips, they’ll smile on me and I’ll win a game or two again. I play horrible, not caring because after all, outcomes will be the same regardless, and people can exploit it easily, avoiding every hand I have good cards, waiting until they have good cards, it doesn’t usually take very long, they just wait because I’m always there with a lot of chips in the middle, trying to win a big pot, and instead I give them a big pot. AK hitting top pair giving it away to a small set or weak suited Ace hitting two pair or a flush, etc. That’s the negative feedback loop.
The thing you suggest, that I bet smaller to try to limit my losses, and thus allow opponents to hit draws, doesn’t happen. They either flop ridiculous, or they “give up” and shove junk that hits a magic flop, or they river something after they went all-in, and there’s no folding them. A lot of the time, they are not ahead when they shove, or they were ahead all along, having flopped a set, usually 333s or 555s or 666s, and they disguise it well, inducing me to bluff, or maybe I hit top pair nice kicker and try to close the hand but can’t for some reason, and that reason is that I’m trapped.
I’m lifetime 34% ITM in SNG + MTT play, according to the site stats, so I’m not playing poorly, I generally win more than I lose, but when I have a good week, I’m more like 50-60% ITM, and when I’m running bad it’s more like 25-30% BUT my finishes are mostly 3rd and my profit % is like breakeven, and when I go on a real slide, I’ll drop 7-8-10 games in a row before I can win a game or two and regain the losses. Maybe it’s just natural variance, and maybe I’m making it worse than it really is by rage tilting. When I don’t go on tilt I tend to not have such bad streaks. I do think there’s a negative feedback loop kind of thing going on, but it’s more me throwing away chips when I get angry because playing “good” poker didn’t work, and now nothing works, until it starts working again.