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Grinding k Poker Roll In Vegas Grinding k Poker Roll In Vegas

01-16-2015 , 06:54 PM
Quote:
Originally Posted by JDK6390
Jim, don't you think the added softness of games at Ballys/Flamingo/Harrahs wouldn't make up for extra dollar rake and the promo drop? I've played some easy $1-$2 games at Venetian, but also some complete nit-fests. The games have been looser in my experience at the aforementioned places, so wouldn't you say that would be just as profitable or no?
Not necessarily. Think about the following:

Imagine a table where you were forced to play an infinite game in a casino with the same players, over & over again and let's assume that all of the players have the same skill level, same level of reciprocation, etc, etc. And pick any player profile you'd like - TAG, LAG, whatever. Who would end up with all the money?

The answer is that you would all be broke and the casino would end up with all the cash. The rake and drops would do all of you in and the casino gets everything. Sure, you'd win some pots, but each pot would be collectively smaller & smaller & smaller, etc. Doesnt really matter if the game is tight or loose or whatever, the house edge would do all of you in.

You have to do everything you can to stem the "leak" of the house drops. Every dollar that goes into the table drops hurts the players collectively - the available pool of money is chipped away.
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01-16-2015 , 07:01 PM
Quote:
Originally Posted by Jim_Beam
Indeed I am not. But that doesn't exclude me from the ability to do math and understand variance.

Would you recommend that the OP do this with a $400 bankroll? No

Would you recommend that the OP do this with a $40k bankroll? Yes

So there has to be a limit where the bankroll does/doesn't make sense. And that's completely independent of my skills as a player. 3k is most likely not the level that makes sense.

This isn't hard stuff squidoo. Try and keep up.
listen champ

you are spouting advice like gospel (get the reference) BUT YOU ARE NOT A WINNER

just pointing this out to the op
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01-16-2015 , 08:09 PM
Posted this in another thread in response to someone I think has misunderstand my intentions. I've already covered it isn't my life roll, so I feel I should put this here to clarify:

"A difference between what I'm really doing and the thought of what I am doing is that $3k is not my life roll nor my entire poker bankroll. It's just what I'm using for a 'challenge' of sorts. If I bust the $3k, that's my point of saying "Okay, grinding isn't going to work out, time to get a gig dealing blackjack somewhere for income and play too". It by no means will mean I'll move back home or be living in a dumpster if it doesn't work out, which is the big difference between trying to become pro with a $3k roll, or doing what I am doing. It's simply the amount I've decided to dedicate to it. I could make it $5k from the get go, but I believe $3k is enough to figure it out."
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01-16-2015 , 08:44 PM
JDK:

there is a ton of bad advice in these forums by poseurs and wannabees. Hit me up via pm when you get into town. I play full time and have for a very long time. Happy to take a 1/2 hour and spend it with you to give my thoughts

best of luck on the move
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01-16-2015 , 08:51 PM
Nothing to do with grinding, and a little blunt, but it sounds like your dad is finalizing a divorce and moving to Vegas.

You guys have talked honestly about what this is gonna look like?

It's one thing to be living with your parent(s) in a situation you're all familiar with, and a totally different one to be moving to a whole new city and starting a whole new life.
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01-16-2015 , 09:33 PM
He and I are both aware. No divorce, he's just sick of his house and I am ready to go out and make things happen (or y'know not).

I've attempted to move to Vegas with way less money and was stubborn about things. I have that experience to learn from, which is valuable.
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01-16-2015 , 10:05 PM
Gl with your grind,i'll be in Vegas for 3 months grinding $1/$3 and $2/$5 ..i'll be arriving in a few weeks....i'll hit you up when I get over and maybe we can discuss hands
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01-16-2015 , 10:10 PM
Quote:
Originally Posted by JDK6390
He and I are both aware.
Good luck to you!

Oh, and obviously, post stories.
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01-16-2015 , 10:54 PM
Quote:
Originally Posted by JDK6390
I've attempted to move to Vegas with way less money and was stubborn about things. I have that experience to learn from, which is valuable.
Well you seem to have all the answers. Let us know how it turns out.
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01-16-2015 , 11:43 PM
Thanks all. Yeah I'm all for meeting people. Definitely will update periodically.
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01-16-2015 , 11:52 PM
Quote:
Originally Posted by squid face
JDK:

there is a ton of bad advice in these forums by poseurs and wannabees. Hit me up via pm when you get into town. I play full time and have for a very long time. Happy to take a 1/2 hour and spend it with you to give my thoughts

best of luck on the move
OP you should snap call this.

Squid is a well known crusher and has been supporting himself from poker for longer then most in Vegas.

If you really want to make a go then it will Help if you surround yourself with people who are successful doing what you want to do.

I don't play live poker for a living. I play online and go to Vegas for about 2 months a year and I can tell you every time I go back there isn't many recognisable faces.

These young kids move there and it doesn't work out but every time I go to the V squid is there grinding away. (He's not hard to spot lol)
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01-17-2015 , 12:29 AM
I'm all in on meeting this squid. End of February!
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01-17-2015 , 12:45 AM
It's great that youre separating your life roll from poker bank roll, because you just have to. How many months of expenses do you have in your life roll?

$3k is ok for those games I guess, but at one point you will go on a 10 buy in downer, the question is just, when?
Are dailys even beatable for a decent hourly or ROI? What's the rake on those? They don't sound +ev, but that's just my opinion without doing any research.

Do you have previous poker results of your own to look back on? What's your longest break even streak? What's your hourly? What's your sample size?

Just be real with yourself.

2k a month isnt a lot. Thats making 12.50 an hour net.

Do you have health insurance? Are you going to be saving any money? Are you going to be happy?

Please ask and answer all of these questions honestly with yourself.
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01-17-2015 , 12:52 AM
Grunch,
Sounds like you should wait until your dad moves out there so that you have a safety net. And likely cheaper expenses. That would give you time to save up another couple $k so that you'd have a decent shot at maintaining.
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01-17-2015 , 01:05 AM
....it puts the lotion on it's skin.....
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01-17-2015 , 02:13 AM
Quote:
Originally Posted by milanymacky
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Best advice ITT so far.
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01-18-2015 , 08:28 PM
so 3k is your poker roll. what is your life roll at?

then we can determine whether or not this is a foolish venture. I hope you crush op, and I think you will do fine and your backup plan is a good one.
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01-18-2015 , 09:13 PM
Hear hear big daddy... W knows of what he speaks JB.

The string of marginal advice in lvl over several threads continues to compile.
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01-18-2015 , 09:14 PM
Quote:
Originally Posted by MSchu18
Hear hear big daddy... W knows of what he speaks JB.

The string of marginal advice in lvl over several threads continues to compile.

Uh guys. Someone's been drinking again . . .
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01-18-2015 , 09:42 PM
Quote:
Originally Posted by squid face
JDK:

there is a ton of bad advice in these forums by poseurs and wannabees. Hit me up via pm when you get into town. I play full time and have for a very long time. Happy to take a 1/2 hour and spend it with you to give my thoughts

best of luck on the move
Squid - if JDK doesn't take you up on this, I certainly would the next time I'm in LV. Do you only play Venetian? Perhaps we could play a 2/5 session together (typically like the B) and do a recap over some grub afterwards? PM if you're game
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01-18-2015 , 10:01 PM
Squid shoulda pm'ed the offer. Half the people in LVL would want that deal.
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01-18-2015 , 10:51 PM
I'm pretty laid back about sharing my views of the poker landscape etc. I have not yet turned down any one who asked and was pleasant about it

@dsb. Hit me up when you are in town my man
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01-19-2015 , 03:10 AM
Life roll will be around $10k at the time of moving out.

I know $10k isn't that much to make a run of it, but that's why this isn't a quit my job to become a pro deal. It's a let's take a chunk, dedicate it to poker, and if I am able to hold my own after a month, I continue on.

I'm wondering if maybe this shouldn't necessarily be a $3k to $5k in one month challenge, as much as it could be a $3k to $10k in three months. Then we'd be at the end of May and if I succeed, I have a legitimate bankroll for the WSOP side events. Provided I don't start off on a serious downswing, $3k, if managed right, should not be busted that easily, which is why I think it's enough since I won't go on any quick 3 buy-in losses in two hours with my one-and-done idea.

Thoughts?
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01-19-2015 , 03:42 AM
Squid knows his pokers, I'd take him up on that

Don't play daily tournaments. The rake is so high that unless you're consistently coming in top 3 places (which seems impossible given the turbo structure for tourneys under $400 entry), you're wasting your time and money. Play $1/2 or $1/3 cash, win $30/hour, then figure it out from there. There's so many people that just want to hand you cash money at the poker table, all you gotta do is accept their offer.
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01-19-2015 , 05:21 AM
My plan is to arrive in Vegas on February 23rd. I have a friend getting in town on the 23rd til the 28th, and it's her first time to Vegas. So a lot of that time will be hanging with her, showing her some places, and since she plays, we'll put in plenty of playing time. I'll have two available shells to play in the Venetian $250 on Tuesday, and hopefully not, but if necessary, Wednesday.

She will be playing the Tuesday flight with me, but she's not sure if she will take a 2nd shot if she doesn't make it through. I'll probably tug her along for that Orleans Friday night since it's a good tourney in my opinion, and it's one of my favorite places honestly. Maybe we'll hit that bowling alley too. That will depend on if she wants to sleep her last night of her first trip in Vegas. As long as she doesn't go broke, no way, right?

All poker play in the first week will be with money not dedicated to this '$3k challenge' as I'll call it. So I guess a good way to put it is I'll have 5 days acting as if I'm on vacation if you will. Then with her conveniently leaving the 28th, the challenge begins the next day on March 1st where I'll start logging everything, and dedicating my focus to cash. If I hit something good in the DSE event, of course all plans change.
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