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Old 10-14-2011, 12:00 AM   #26
cpitt398
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Re: Forget Hourly Rate, What's Annual Income?

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Originally Posted by Something Clever View Post
Is 500 hours a good measuring stick? I play 2/5 live with a pretty solid win rate. $42.43 an hour. I had 43 winning sessions and six losers. My losing sessions always pretty big though because i never had a stop loss limit. And of the 43 winners some were more like 3 in ones. Straight 38 hour benders.
I play limit, so I may be wrong, but it seems like your win to lose percentage is too high which could mean a couple of things.

First off you could be running hot or secondly, it could mean you are booking wins. You see this a lot where someone has a bunch of small wins or counts sessions won vs lost in general (I understand you might just be looking at a spreadsheet).


I would think $42 an hour is a very good win rate for that game, but with how few sessions you have lost in, should it be higher?...wait I just realized you average 10 hour sessions, so I'm not sure whats going on.

Maybe you don't book wins, you just play until unstuck a lot?

Or $42 is just a huge winrate for that game? This got me to thinking, one of my best friends is a huge winner 10/20 to 25/50NL (sometimes higher). Back when I met him, I think it was late 2005, he was grinding 2/5NL in Vegas (lower rake than elsewhere) and I remember him telling me he was winning $35 an hour (trying to get me to convert, ya shoulda did that). No doubt he has gotten a lot better, but also the games were easier. With his discipline and focus and knowing how good he is, I doubt many people can do better long term in a casino.
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Old 10-14-2011, 11:51 AM   #27
Something Clever
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Re: Forget Hourly Rate, What's Annual Income?

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Originally Posted by cpitt398 View Post
I play limit, so I may be wrong, but it seems like your win to lose percentage is too high which could mean a couple of things.

First off you could be running hot or secondly, it could mean you are booking wins. You see this a lot where someone has a bunch of small wins or counts sessions won vs lost in general (I understand you might just be looking at a spreadsheet).


I would think $42 an hour is a very good win rate for that game, but with how few sessions you have lost in, should it be higher?...wait I just realized you average 10 hour sessions, so I'm not sure whats going on.

Maybe you don't book wins, you just play until unstuck a lot?

Or $42 is just a huge winrate for that game? This got me to thinking, one of my best friends is a huge winner 10/20 to 25/50NL (sometimes higher). Back when I met him, I think it was late 2005, he was grinding 2/5NL in Vegas (lower rake than elsewhere) and I remember him telling me he was winning $35 an hour (trying to get me to convert, ya shoulda did that). No doubt he has gotten a lot better, but also the games were easier. With his discipline and focus and knowing how good he is, I doubt many people can do better long term in a casino.
You hit the nail on the head about me playing until I was unstuck. I feel like my decision making was pretty solid in every aspect of my game other than setting a time limit for myself. I played four days a week for three months to amass those numbers. I like to play long sessions sometimes to a fault. Definitely have had days where I walked away wishing I wouldve booked a decent win in six hours, instead played for twenty to make the same money. I played these stakes on a 5k roll. Eventually spent some time on vacation tried to press's a little when I got back to make money quick. Was stuck 1300 and blew the rest in the pits. Really great br management. Lol. I have a sick hand story to tell also. It sure where I should post it though.
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Old 10-14-2011, 11:54 AM   #28
CBorders
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Re: Forget Hourly Rate, What's Annual Income?

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Really, please tell us you were kidding?
Sort of. He should be moving up in stakes as his skills and bankroll allow instead of wasting time at 1/2.
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Old 10-14-2011, 07:40 PM   #29
Tyrober
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Re: Forget Hourly Rate, What's Annual Income?

Dating back to last October I have made 33k. About half from tournaments and the other half cash games

My home game is 2/5. I go to Biloxi at least once a month to do a couple tournaments and play 5/10
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