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Limon says Vegas games are declining....agree?? Limon says Vegas games are declining....agree??

10-04-2015 , 09:45 PM
Quote:
Originally Posted by squid face
I have logged over 8k hrs in Vegas games since BF with a top shelf w/r. The games are fine. That being said I have travelled quite a bit and the games outside Vegas are fantastic in comparison

My daughter left for college on the east coast this fall so there is nothing holding me in Vegas. I am leaving to play elsewhere. That should answer your question
Moving to FL?
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 07:41 AM
Quote:
Originally Posted by JackStraightUp
much too my surprise the Flamingo has fired up 2-4 limit with great success and they're really good fun games.
^The first time in history someone has ever put 2-4 limit, really good and fun, in the same sentence.
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 02:30 PM
Quote:
Originally Posted by j20s
You are doing it wrong if you have a break even year. Unless you are a tournament clown, I guess :/
this isnt true ime. in 15 years ive had 2 near breakeven years. you just cant imagine how long and how bad you can run until it happens to you. legends who played pro for decades bobby hoff, danny robison and others have all told me about "lost" years. If you are playing in really juicy big games on your own roll when they pop up, running bad in just a few dozen sessions can kill your whole year, other years you make mountains. those of us who've stuck around and play on our own dime have seen both sides of that dime.

youre doing it wrong if you play in these games but dont have a big enough roll to survive if everything goes to shyt or if you dont have the discipline to step down.

even at huge world class winrates like 20bb/100 in live poker some small % will break even for 35,000 hands which is a full year of live poker.

Last edited by limon; 10-05-2015 at 02:42 PM.
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 06:00 PM
I remember those days when even places like the Mirage had 2/5 games running on a regular basis and it was full of tourists. Those were the days. Will it ever come back and what will it take to get more people back into poker? I wish there was a way to take all these dumb slot players and get them into poker.

Also - is everyone saying that a 20k roll is not enough to move to Vegas to play 1/3 and 2/5 if I live very frugally? I don't want to do this forever, but also want to pick up a part time job and have other income. Playing poker everyday is insane. It is hard to constantly play your A game and stay passionate about what you are doing. Having that balance and another stream of income just makes sense. I don't know how the hell Brad Booth claimed to have played poker everyday for like ten straight years or whatever. It just makes me head want to explode. I go to bed at night and all I see is cards, flops, chips...ugh! But when I have that balance and other things going on, I play waaaay better.

BTW - I've never had a breakeven or even loosing year playing poker in 10 years (although some have been pretty close.) But then again that is 80% playing 1/2NL and maybe it is different at higher levels or at high variance games like PLO.
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 06:12 PM
Quote:
Originally Posted by gjpure

BTW - I've never had a breakeven or even loosing year playing poker in 10 years (although some have been pretty close.) But then again that is 80% playing 1/2NL and maybe it is different at higher levels or at high variance games like PLO.
technically i haven't either but Im considering "pretty close" the same thing. years where the bankroll goes down to cover expenses, not necessarily losing years but "lost" years.
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 06:48 PM
Quote:
Originally Posted by gjpure
... I don't know how the hell Brad Booth claimed to have played poker everyday for like ten straight years or whatever.
yeah well look how that ended up
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 08:37 PM
Quote:
Originally Posted by limon
this isnt true ime. in 15 years ive had 2 near breakeven years. you just cant imagine how long and how bad you can run until it happens to you. legends who played pro for decades bobby hoff, danny robison and others have all told me about "lost" years. If you are playing in really juicy big games on your own roll when they pop up, running bad in just a few dozen sessions can kill your whole year, other years you make mountains. those of us who've stuck around and play on our own dime have seen both sides of that dime.

youre doing it wrong if you play in these games but dont have a big enough roll to survive if everything goes to shyt or if you dont have the discipline to step down.

even at huge world class winrates like 20bb/100 in live poker some small % will break even for 35,000 hands which is a full year of live poker.
Of everyone I know that plays primarily 5/10 and 10/25 (ish) games, none have had anywhere near breakeven years. If you are playing those games and take occasional shots in much bigger games (and conversely, more variance), then yea, you could be break even. If you are playing in steady 5/10-10/25 games that are rarely >300bb effective stack size, then you are not very good if you are losing.
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 08:48 PM
Quote:
Originally Posted by j20s
Of everyone I know that plays primarily 5/10 and 10/25 (ish) games, none have had anywhere near breakeven years. If you are playing those games and take occasional shots in much bigger games (and conversely, more variance), then yea, you could be break even. If you are playing in steady 5/10-10/25 games that are rarely >300bb effective stack size, then you are not very good if you are losing.

+1
Limon says Vegas games are declining....agree?? Quote
10-05-2015 , 09:39 PM
Quote:
Originally Posted by EatMyDitka
if you think games in vegas are good you probably have never played poker outside of vegas
lol this is probably true. I played a couple times in the Jacksonville, FL area last year and was astounded at how horrible the 2/5 players were.
Limon says Vegas games are declining....agree?? Quote
10-06-2015 , 12:05 AM
Quote:
Originally Posted by j20s
Of everyone I know that plays primarily 5/10 and 10/25 (ish) games, none have had anywhere near breakeven years. If you are playing those games and take occasional shots in much bigger games (and conversely, more variance), then yea, you could be break even. If you are playing in steady 5/10-10/25 games that are rarely >300bb effective stack size, then you are not very good if you are losing.
a player with a 15.00 BB/100 winrate and a 100.00 BB/100 standard deviation (i think this describes a good midstakes player) has around a 1% yearly chance of a 2000bb downswing or 30,000 hand BE stretch. If he plays deep at times or short at times (which he will) this goes way up. Now add playing bigger when game gets bumped up and having a short roll at times due to real world emergencies and you can see how bad stuff happens to good people, youll meet one someday if you hang around long enough.

there but for the grace of the poker gods go i....

Last edited by limon; 10-06-2015 at 12:10 AM.
Limon says Vegas games are declining....agree?? Quote
10-06-2015 , 01:37 AM
Quote:
Originally Posted by limon
a player with a 15.00 BB/100 winrate and a 100.00 BB/100 standard deviation (i think this describes a good midstakes player) has around a 1% yearly chance of a 2000bb downswing or 30,000 hand BE stretch. If he plays deep at times or short at times (which he will) this goes way up. Now add playing bigger when game gets bumped up and having a short roll at times due to real world emergencies and you can see how bad stuff happens to good people, youll meet one someday if you hang around long enough.

there but for the grace of the poker gods go i....
I get what you are saying, but I, nor none of my friends who play 5/10-10/25 games (and stick to those, and play within our rolls) have ever not had strong winning years. My point is that if you play a consistent, lower variance game like 150-200 bb 5/10 and 10/25 NLHE tends to be, you would need to run absurdly bad to not win for a whole year. Obviously actual volume is a factor too, as your "one year" is not "one year" to everyone in terms of sample size. But yea, I would quit if I personally had a year that bad, barring shot taking gone wrong.
Limon says Vegas games are declining....agree?? Quote
10-07-2015 , 05:20 PM
Quote:
Originally Posted by limon
a player with a 15.00 BB/100 winrate and a 100.00 BB/100 standard deviation (i think this describes a good midstakes player) has around a 1% yearly chance of a 2000bb downswing or 30,000 hand BE stretch. If he plays deep at times or short at times (which he will) this goes way up. Now add playing bigger when game gets bumped up and having a short roll at times due to real world emergencies and you can see how bad stuff happens to good people, youll meet one someday if you hang around long enough.

there but for the grace of the poker gods go i....
I could not agree more.

this is compounded by not having a fairly tight stop loss on a daily basis in terms of Buy Ins.
Limon says Vegas games are declining....agree?? Quote
10-10-2015 , 04:32 PM
Quote:
The views and opinions expressed by Limon and his guests are their own and are not representative of or shared by The Bicycle Hotel & Casino, Joker Gaming LLC, "Live at the Bike" and/or "Poker Talk Live"
..so yea

Last edited by NoQuarter; 10-10-2015 at 04:35 PM. Reason: and lol
Limon says Vegas games are declining....agree?? Quote
10-10-2015 , 11:55 PM
Quote:
Originally Posted by Dominic
As someone who play professionally part-time in Vegas, primarily 1/3 and 2/5, with a few shots at 5/10, I have noticed a slight dip in the number of games - but the quality of the games are still damn good. Fishy as hell. If you're playing a 2/5 game with 4 pros, request a table change. The 2/5 at Aria can be tight as hell sometimes, but there is always another game that is action jackson.

And if you can't find a better 2/5 game, play a 1/3.
RobFarha recently posted his live 2/5 results over his last 500 hours or so, and his hourly is around $130 IIRC. Now Rob is a verified SuperCrusher, but still; the games have to be good in order to sustain numbers like that. Also before people jump in w l the old "lol sample size" he's been doing it for a few years now, and has similar results in live 5/10 as well as consistently beating MSNL online.
Limon says Vegas games are declining....agree?? Quote
10-11-2015 , 03:37 PM
Quote:
Originally Posted by gjpure
I remember those days when even places like the Mirage had 2/5 games running on a regular basis and it was full of tourists. Those were the days. Will it ever come back and what will it take to get more people back into poker? I wish there was a way to take all these dumb slot players and get them into poker.

Back in 2004 I could gather up a few friends on a Monday and fly standby on Friday from Michigan to Vegas for $120. Those days are long gone. Flights are ridiculous and now it's just cheaper to just play in the state or take the occasional trip to Ohio or Indiana.
Limon says Vegas games are declining....agree?? Quote
10-12-2015 , 02:11 PM
Quote:
Originally Posted by surfinillini
I agree with Limon's assessment wholeheartedly. As someone who's logged thousands of hours in both cities, at stakes from 1/2NL up to 5/10NL, LA games are far more juicier. Vegas is more of a party destination these days, not so much gaming, and definitely not so much poker anymore. Back in 2006-08, before BF, poker was crazy action all over town. There'd be 4 2/5NL games at places like The Mirage with long lists and random 5/10NL games would break out at the MGM when higher stakes fish would want to fire up a game. Rooms were cheap and comps/offers were plentiful. Now games are sparse, hotels are squeezing every nickle and dime from tourists, and regs dominate games higher than 2/5NL.

Less than 10 years ago, I could drive to Vegas, book 3 or 4 days for less than $200 TOTAL at a decent hotel, and get comped food for playing 2/5NL or higher. Now, just staying at a nice hotel (Aria for example) with my wife for the weekend costs us upwards of $750. Factor in food, entertainment, etc...and gaming is the last thing on my mind, poker included. Regardless of flying or driving, a "weekend" in Vegas costs $1,000 before any additional entertainment sans food. Even as an M-Life Platinum, the offers I get are a complete ****ing joke, with most of them giving good rates only mid week.

The only problem with LA is getting from A to B. It's not uncommon to spend an hour in the car, an hour waiting for a seat, then finally getting into a game. It seems like lots of rooms don't except call-ins either, unless you're a reg who's known to tip well. (I am not a reg at any room these days)

The only positive in Vegas is the ability to stay at or near poker destinations (ie Aria, Venetian, Wynn, etc...) and getting into games rather quickly. Combine that with the fact that I can enjoy the occasional cocktail or two, and not have to worry about driving home, which in LA I do not and would never do, it sometimes makes the experience a little more enjoyable. Maybe tolerable is a better description since games these days are pretty much only filled with people who lack personality and a general understanding of the human condition.

That last sentence went in deep
Limon says Vegas games are declining....agree?? Quote
10-18-2015 , 12:47 PM
I guess you could say games are declining based on the fact casinos dont have the comps and promotions they offered even a few months ago, many rooms closed or under went remodeling, many rooms arent attractive at all and if you didnt ask you wouldnt even know they offered poker, there are plenty of pros and wannabes that make the game unpleasent for recs, so you see some of the bigger fish around spending their money on other things than poker, often at a 1-2 table youll see 1 dum guy sit down and it becomes a mad scramble to get his money where basically the whole table is playing against one person and without the hand of Zues they have no chance not even short term, so how could this possibly be fun for this player
Limon says Vegas games are declining....agree?? Quote
10-18-2015 , 03:08 PM
With all the major rooms having their 2/5 max buy-in at 1k aside from bellagio, it would be nice if the other rooms would increase the max of their 1/2/3 games.to like $600. Wynn has that but leave the 100bb capped games as the niche to smaller less traveled rooms on the strip IMO
Limon says Vegas games are declining....agree?? Quote
10-18-2015 , 10:36 PM
Lowering the cap on the 2/5 games at the W and V might help.
Limon says Vegas games are declining....agree?? Quote
10-18-2015 , 11:50 PM
Pardon Wynn is 1.5k but it would be nice to have a deeper 1/2 or 1/3 available. Current 2/5 buy-ins fit all the niches. Mins could stay the same but 1/2 & 1/3 could be exponentially better if the cap were raised. Vegas is not the place where people buy-in for the Min. And don't reload till they get felted or close to it as per the case with many regional rooms and the lower stakes.
Limon says Vegas games are declining....agree?? Quote
10-19-2015 , 12:44 AM
The 1/3 games at Binions and Golden Nugget have no buyin cap.
Limon says Vegas games are declining....agree?? Quote
10-19-2015 , 01:10 AM
Quote:
Originally Posted by chillrob
The 1/3 games at Binions and Golden Nugget have no buyin cap.
I played the GN the other night for the first time in years and holy hell, it's like playing back in 2004. Uncapped, with seriously bad players. Pretty juicy. I will be going back.
Limon says Vegas games are declining....agree?? Quote
10-19-2015 , 01:15 AM
Was in Vegas in November and August. I couldn't believe how bad the games were and how few tables were running during the day. Winstar in Oklahoma runs more tables than most Vegas rooms. During the week it was late afternoon before Venetian could even get a 2/5 game going and then I had to witness a wannabe pro try and angle shoot a few times. 5/10 was pretty much non existent except for one table at Bellagio, Aria, and Wynn. It picked up on the weekend, but nothing like it was 3-4 years ago. Poker won't even be on the agenda on my next Vegas trip, it will be strictly partying. If I want to play live I'll play 2/5 at the local Indian casino or drive to Winstar for bigger games on the weekend.
Limon says Vegas games are declining....agree?? Quote
10-19-2015 , 02:19 AM
Was referring to strip properties only.
Limon says Vegas games are declining....agree?? Quote
10-19-2015 , 02:31 AM
Quote:
Originally Posted by Pork Fri Rize
Was referring to strip properties only.
OK, but it's not really that far away.
Limon says Vegas games are declining....agree?? Quote

      
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