[Online Poker] The Biggest Loser of All Time at the Lowest Online Stakes, a Story of Struggle

The Year is 2006.
Online poker is thriving. Partypoker has the highest traffic of any poker site but Pokerstars are gaining new players quickly with aggressive marketing strategies. Lots of poker sites are investing heavily into marketing and one key place to channel their advertising budget is TV. New innovations, improved graphics and increasing funding meant that poker TV is at an all-time peak of popularity.

The World Series of Poker (WSOP) is the biggest event in the poker calendar, it features many poker tournaments culminating in the prestigious $10k Main Event tournament. The Main Event is a popular televised tournament. 40% of the the 2006 WSOP Main Event’s attendance is from online sites and poker sites are offering large amounts of cash for players on TV to wear an advertising patch. According to Dan Goldman’s blog, Pokerstars spent over $730,000 on WSOP players’ gift bags. The WSOP is seeing more TV time and this year an extra event is added to the TV schedule alongside the WSOP main event.

The Path of a New Player
In Finland, Mikael Paisting is watching the 2006 WSOP on TV. He enjoys watching poker broadcasts and is fascinated by the game. It’s a very common story for players to catch an interest by watching poker TV and sign up with to one of the many poker sites available. He chooses to deposit on Partypoker. Mikael is a committed learner and player. He reads several poker books from well-known authors. He also watches many training videos. Like many players starting in online poker he begins at the microstakes cash tables.

The standard buy in for microstakes online is $2-10, if a player plays microstakes for an hour they would probably win or lose a few dollars. 2nl means the big blind is 2 cents and standard buy in is $2, the standard buy in at 5nl is $5 and 10nl is $10.

Microstakes are a rite of passage for many online poker players. Some will play microstakes for weeks, months or even years improving their game and increasing their bankroll so they can move up to small stakes, 25nl and above.

Some players see the microstakes as a job and play as many tables as they can to eke out a living wage. Some players have never played microstakes and skip it entirely for higher stakes.
Mikael starts to play and doesn’t do well, this is normal for many beginners, even those who study. However, over the next few weeks Mikael continues to lose. Months go by and Mikael still hasn’t turned a profit. He discovers problems with tilt (when players get angry and it negatively affects their play) and often takes his frustration out in the chat box. An example of his rage:

Paisting:THAT IS NOT NORMAL
OMG!!
JUST UNBELIEVABLE

Mikael doesn’t play 10nl very often and spends the majority of him time playing 2nl and 5nl, buying in for $2-5 at a time. He continues to multitable cash games on Partypoker but he just can’t win. He starts to lose big, thousands of dollars, mostly at 2nl which is known as the softest cash game on the internet.

Getting Noticed
Mikael continues to play long sessions over the next five years, he claims to play 5-7 days a week for 4-8 hours a day. By 2011 he had played 2 and a half million hands while playing 6 to 9 cash tables at one time. Mikael is still mostly playing 2nl and is down a colossal amount: $7000. Remember that he is mostly playing 2nl, with a buy in of $2, even losing $1000 at 2nl is unheard of. Mikael has been suffering from major tilt problems and has a very wild and noticeable style of playing microstakes. He starts to get noticed on 2+2, a very popular poker forum. A player posts a link to his PTR graph, a site which tracks online cash games. They are shocked at his losses over so many hands:

yegor: wow such a massive fail

he played 2.5m hands at 2nl and 5nl and he's losing

Donkey111: I remember him from my 2NL days.

often goes on some massive tilt sessions and spews like 20 BI [buy ins] in 500 hands by shoving any 2 cards preflop.

He even gets hate from his PTR account where he is ridiculed on his profile comments, he also replies:

VELAir26: Spend your time with family, friends or other hobbies instead

Paisting: im fine with this you stupid idiot

Mikael continues to play his reckless and tilting style over the years. By 2014, he has been playing for 8 years and is down five figures at microstakes; he starts to look for excuses for how much he has lost. He posts a thread on 2+2 detailing how he feels that he wins at the start of the month and then inevitably starts to lose. He asks how he can take legal action against Partypoker. His fellow posters tease him:

5thStreethog: Did the thought ever cross your mind that it might be possible that the reason you cant beat NL2 in over a million hands might be because you arent very good at poker?

An Attempt at Redemption
2019 comes and Mikael Paisting has been playing microstakes for 13 years, and steadily losing a lot of money. He got a new computer in late 2018 and has been grinding away on it. Mikael is getting mentioned more on 2+2 and he is well known on the tables of Partypoker as he drops stack after stack. Many players on Partypoker furiously try to get on his tables to call his tilt shoves; when Mikael is present other player’s stacks can get as high as $100 at 2nl as he shoves buy in after buy in in bad spots. Some were said to be using seating scripts to instantly be placed on a table with Paisting. At this point he is feeling very low. But despite years of losing money and insane tilting he is determined to improve. Mikael is aware of his losses and has a fierce desire to make back the money he has lost since he’s started tracking on his new PC.

He decides get help and he looks to 2+2, the very same forum that had mocked him over the last decade. He logs in as Paisting, his last name. He starts a new thread, types out a post and chooses a title: 'Biggest loser in online poker history wants to grind $16k'. He posts this thread in the sub-forum Poker Goals & Challenges, a place where players post their goals and try to update their thread with their progress. He posts graphs of his losses from his database on his PC. He starts the thread by posting some shocking graphs of $8700 lost at 2nl, $6000 lost at 5nl and $800 lost at 10nl. At 2nl he had an incredible rate of losing an average of $75 a day. The final graph of his microstakes losses posted show $15,000 lost over 365,000 hands.

The 2+2 poker community are stunned by the graphs:

HorseofHell: I'm actually shocked it's possible to lose this much at 2nl

Mahsjdj: This can't be real can it?

Mikael posts about the hard work he’s put into poker and mentions that has watched videos, read many instructional books and is honest with his astounding losses:

Paisting: I've lost literally all my money including all my life savings to online poker. I want to try one last time to win those money back and little bit of extra. That's why $16k. What I need is support and guiding.

The community react to his plan to grind all the money back at microstakes:

Fodersneso: This is really disturbing.

Why on earth would you try to grind this all back? Losing at this rate is traumatizing. You're going to grind out 3000 BIs [buy ins] @nl5 now or what's the plan? Really curious how you think you can turn this pile of insanity around...

The community show disbelief and doubt that his story is real but several posters claim that what he says is true. He has been active in Finnish forums for more than 10 years and players starts to share hand histories and stories about his playstyle. He posts about his regret of picking the game up:

Paisting: Never had a winning week in 13 years.

If it were possible to go back ten years I would say to myself "Do not never play single one hand!"

He then goes on to tell 2+2 posters a disturbing source of his funds for his staggering 2nl losses:

Paisting: I've taken huge amount of fast loans.

He sheds a little light into his personal life:

Paisting: My age and relationships has nothing to do with this. But not working, no kids or wife and middle aged. What I have is time to play.

I get a little unemployment benefit that goes straight to the rent. My eating costs are very little because I'm only eating one meal per day. There are times when I must take more fast loans if need of clothes, unexpected bills, sickness etc. That's why getting back those $16k is so important to me.

No disability, never played anything else than poker or lottery when pots are bigger, maybe 5 times in year. Playing poker does not give me any excitement or I'm not cheering won pots.

Posters try to give him strategy advice, they try to persuade him time and time again that his strategy isn't working. Some others question his sanity and tell him to quit:

FazendeiroBH: Not trolling, I´m actually serious here. You lost an absurd amount of money playing the easiest stake in the world (nl2). You keep losing doing the same faulty strategy. It´s quite obvious there is something wrong with you and your brain, and the more you delay seeking professional care for your mental problems, the worst it´s gonna be for you.

Paitsing updates his thread with highlight hands from his cash sessions. He seems to cherry pick hands to post and will only post hands where he loses all ins as a 70-95% favourite. He delusion leads him to blame the site, his luck and the other micro grinders. He often writes about specific players and gives his opinion on how badly they play. Some time passes and he discloses that he has lost almost $500 at 2nl since starting the thread three weeks ago.

He updates his followers with the first monthly graph of the thread from his 2nl play in April 2019. He plays for 90 hours in April and his average daily loss is $50, 25 buyins each day. 2+2 players start to analyse the graph. They notice that there are several breakeven spots where he may be playing reasonable poker but also huge 150 buy in downswings, some drops in the graph are so steep that he is losing about a buy in every 5 hands for periods of hundreds of hands. He says:

Paitsing: Only trying to get my money back from guys who are playing nl2 forever and never moving up. When I started poker long time ago I tought it's exciting to read watch videos if it gives me more money. After 2 years figured out it's just sitting on computer like in work and if I'm someday +-0 never ever playing this stupid game. This is like war.

The thread goes on like this for almost a year. The thread repeats itself over and over. He will post a few selective bad beats, ignore good advice and berate his microstakes tablemates. A fellow microstakes grinder makes his first appearance in the thread: 6betpot. 6Betpot would play at Paisting's tables and often win many buy ins, 6Betpot would go on to post highly contrasting hand histories to the unlucky hands that Paisting posts which shows the hands Mikael was not posting. Some players would criticize 6Betpot for predatory behavior but 6Betpot would maintain that he would try to persuade Paisting to stop playing in a crazy manner.

Many tried to reason with Mikael and show him clearly why this was wrong, he not only refuted their strategy but would argue against them.

Later on in the thread Mikael posts horrifying news. He explains that he didn’t transfer hands from his old computer to his new computer. The graphs he posted at the start of the thread only showed the tip of the iceberg. He reveals that $16k loss from the graphs was from just 7 months of play!:

Paisting: That 16k is in 209 days and in about 1 year as you can see from the first post. Big part of my losings has left to hard drive of my old crashed computer. That's past and I don't wanna think about it anymore. Main goal is this database I have here in my computer. But yes what I have been repeating many times, moving to 888 poker has sky rocketed my losses although I can play only 6 tables compared to party's 9 tables.

Posters speculate that his lifetime microstakes losses probably amount to six figures:

SpinMeRightRound: I mean if he's lost $20k in the last year, and he's been doing this for more than 10 years, he may have lost $200k or more.

2020: The Struggle Continues
At the end of the year Paisting posts his 2019 graphs. He says that he hasn’t had a winning week yet and he’s still committed to making back 2019’s losses. His graphs show down 12k from 320k hands of 2nl in 2019.

In January 2020 he continues to post regularly and makes comments about him hunting down players worse than him:

Paisting: When you hunt really bad player (yes enzet there are plenty of worst player than me on 888 look those hand histories really carefully) hours and hours and wait good hand just to site let them to suck out it is affecting your game really badly.

He posts about his continuing struggle to win back the $16k:

Paisting: I have years dedicated for this project and anything back from that amount is winning to me. At this point it’s impossible to make any profit because of horrible suckouts.

He also posts about the high interest loans he’s taken out:

Paisting: I have huge amounts of loans that are basically all taken for poker. I don't eat much and all my other costs are very low.

And because of those loans I must get back so much money that is possible and these suck outs must stop.

February 2020 arrives and he posts his January chart, the worst posted yet. He takes a gigantic loss of $1,550 at an eye-watering rate.

The months pass and the cycle continues. Paisting posts the usual unlucky hands, posters berate him and try to give him advice and Paisting resists their efforts. Here is one of many similar hands posted in February, this hand shows him making an awful play and raising huge with a weak hand:

888Poker, Hold'em No Limit - $0.01/$0.02 - 6 players

UTG: $1.46 (73 bb)
Paisting (MP): $7.45 (373 bb)
CO: $15.44 (772 bb)
BU: $2.00 (100 bb)
SB: $3.47 (174 bb)
BB: $2.00 (100 bb)

Pre-Flop: ($0.03) 1 fold, Paisting(MP) raises to $7.45 (all-in), CO calls $7.45, 3 players fold

Flop: ($14.93) 6c 7c 4d (2 players, 1 all-in)

Turn: ($14.93) Ts (2 players, 1 all-in)

River: ($14.93) 8h (2 players, 1 all-in)

Total pot: $14.93 (Rake: $0.93)

Showdown:
Paisting (MP) shows 7d Tc (two pair, Tens and Sevens)
(CO) shows Js Jc (a pair of Jacks)
Paisting (MP) wins $14

March comes and the regular monthly graph is posted. The uploaded graph shows is he down $1900 or 950 buy ins for last month. Mikael refutes that he is a gambling addict:

Paisting: 888 has given many 10 dollar bonuses to me play slots. I have never played them and in fact my account has 20 dollars freeplay bonus to play their slots. I will not use those money now or in future. So that's gambling addict to you.

April and May roll by and the monthly graphs are posted. He played fewer hands than normal, 43,000. But is down $1,250, all at 2nl.

In June he posts the usual monthly graph with -$1900 and it’s the lowest win rate he’s posted before, the graph has some alarmingly steep downswings with one section where he loses $500 in 1000 hands. That’s a loss of one buy in every 4 hands. Getting these monthly updates shows how quickly he loses money at 2nl and collaborates with earlier estimations that he is likely down more than $100k at microstakes over the past 14 years.

The End, for Now
Mikael is still playing microstakes to this day. His poker story isn’t over yet but so far it is a sad one. My previous two Tales from 2+2 stories had mostly happy endings but not this one. This story is like a car falling down a cliff and it hasn’t hit the bottom yet.

Let this story be a lesson that poker isn’t for everyone. Players with addiction or mental issues should reconsider if the game is best for their lives. Serious poker players should consider bankroll management and how tilt affects their winrate if they do choose to play.