2017! NC/LC THREAD -- Small Stakes, 40 years to Mars - Page 41 - Small Stakes Poker Forum

Id encourage players to get all the free advise form dealers they want during a hand. It may not always be optimal

Here's a fun one from a few months ago. Playing 75-150 2-7 and I open 237 on the cutoff and sb calls. We each take 2 and Button says I'll sweat this one So I give him my 2 new cards. He squeezes them and sb checks, I ask him what to do and he says bet.... sb Check raises and he slides me my cards and I see AA...lol $150 down the drain

That OnTheRail can be a real son of a gun, huh?

03-30-2017 , 12:09 PM

#1002

rodeo

veteran

Join Date: Apr 2010 Posts: 3,305

Quote:

Originally Posted by Captain R

Nice job guys.

Thanks for watching.

03-30-2017 , 01:13 PM

#1003

DalTXColtsFan

Pooh-Bah

Join Date: Dec 2011 Posts: 3,515

Quote:

Originally Posted by Bob148

https://www.youtube.com/watch?v=d4ftmOI5NnI

For DalTxColtsFan.

"Whoo hoo hoo! Look who knows so much."

I can quote that whole movie from start to finish. I'll bet I've watched it 100 times.

TOOOOOOOOOOO BLAAAAAAAAAAAAAAAVE which means to bluff!

03-30-2017 , 02:30 PM

#1004

jdr0317

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 8,231

Really starting to dive head first into the investing game now that I've bought a house.

Question: 99% Stock ETF portfolio too risky to you guys? Or no gamble no future?

03-30-2017 , 03:16 PM

#1005

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

What stocks? Large cap, small cap, domestic, international?

My portfolio is a little more conservative than I like (my wife is much more risk averse than I am), but it's like 20-30-30-20 bond / large cap domestic / small cap domestic / international.

03-30-2017 , 04:27 PM

#1006

jdr0317

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 8,231

Quote:

Originally Posted by callipygian

I'm going through Betterment, so a little bit of everything in terms of market capitalization, and a little more international than US (40 developed, 12 emerging). Value over growth ETF's (those tend to perform better, and it holds true given the research I did while working in Quant Finance, and Betterment only offers value stock ETF's anyway AFAIK).

I figure I'm in a good position to be riskier than average, but so little in bonds is pretty swingy.

03-30-2017 , 04:38 PM

#1007

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

Not familiar with Betterment. Did you check the vig?

03-30-2017 , 04:44 PM

#1008

jdr0317

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 8,231

Quote:

Originally Posted by callipygian

Not familiar with Betterment. Did you check the vig?

Ya, vig isn't too bad. Here's a snap shot of Betterment and another robo-advisor: Wealthfront

03-30-2017 , 05:03 PM

#1009

woody9998

centurion

Join Date: May 2008 Posts: 167

Twoplustwo sales is running a sale which includes both of Philip Newall's limit holdem books for a total price of $14 which includes free shipping in the US. The two books are The Intelligent Poker Player and Further Limit Hold'em.

I thought that this was a good deal, so I ordered both books, which I had been wanting to read.

03-30-2017 , 05:03 PM

#1010

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

Quote:

Originally Posted by jdr0317

Ya, vig isn't too bad. Here's a snap shot of Betterment and another robo-advisor: Wealthfront

****, that sounds better than what I have. I may switch.

03-30-2017 , 07:09 PM

#1011

Jon_locke

Pooh-Bah

Join Date: May 2012 Posts: 4,180

50 % bitcoins, 50% hi-stakes shot taking ftw. Will likely outperform any portfolio in terms of ROI just a bit risky

03-30-2017 , 07:58 PM

#1012

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

In terms of annual yield, teh pokers gave about 230% annually. But part of that was exponential growth from moving up stakes. Had I continued, it would have slowed down to linear growth as I hit the upper limit of games available / games I could beat as a recreational player.

03-30-2017 , 08:26 PM

#1013

jdr0317

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 8,231

Quote:

Originally Posted by Jon_locke

50 % bitcoins, 50% hi-stakes shot taking ftw. Will likely outperform any portfolio in terms of ROI just a bit risky

I mean that's how it works as I learned through Sharpe Ratios and Efficient Frontiers

Sent from my iPhone using Tapatalk

03-30-2017 , 08:36 PM

#1014

jdr0317

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 8,231

Quote:

Originally Posted by callipygian

This

My "growth" was absurd relative to the initial $ invested. Poker's risk/reward is more centric on ROI/ROR. You have $12k dedicated to 20/40 hold em at a 3 BB/100 WR : 20 BB/100 SD, your expected ROI per 10k hands is 100%, but your chance of busto is like 3%. At $60k, your ROI per 10k is 20% but your chance of busto is effectively 0%.

Sent from my iPhone using Tapatalk

03-30-2017 , 09:08 PM

#1015

Howard Beale

Formerly red

Join Date: Sep 2005 Posts: 22,190

I've got most of my money in FB, Netflix and Apple w/ the last two doing especially well. Please to be signing up w/ Netflix and planning to buy the new $1K iPhone, tia.

Am thinking of buying IBM (even though they treated my sister like **** when she worked for them) bec Watson is going to make a ****ing fortune.

http://www.bizjournals.com/newyork/n...any-other.html

03-30-2017 , 09:23 PM

#1016

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

Quote:

Originally Posted by Howard Beale

Are you sure number of patents translates into a "****ing fortune" in IBM's field?

Patents last 20 years, which is appropriate for things like pharmaceuticals which may take 10 years to get to market. For a tech company, 20 years is like 10 generations of products and by the time prosecution of the patent application finishes (3-5 years) the invention is often obsolete.

03-30-2017 , 10:49 PM

#1017

Howard Beale

Formerly red

Join Date: Sep 2005 Posts: 22,190

Quote:

Originally Posted by callipygian

I first learned about Watson by reading this book, which won the Financial Times business book of the year award, 2015:

which gives a nice view of the **** the world is going to be in someday and he explains just. how. damn. hard it was to create Watson. IBM's already way ahead.

If you see the commercials H&R Block is advertising that it's using Watson and everybody that does will have their taxes done right, none of that 10 different returns done by 10 different CPA's. Next up: Medical and Legal research. And to the sky after that.

03-30-2017 , 11:29 PM

#1018

offTopic

Carpal \'Tunnel

Join Date: Dec 2002 Posts: 19,510

Quote:

Originally Posted by Captain R

Don't know whether to watch Spurs/Warriors or LATB.

Happened across the terrible tournament final table tonight and it was such an authentic poker experience...namely, the commentators are talking over the hands, not paying attention to the action and also talking right past each other despite having a conversation with each other.

03-31-2017 , 01:43 AM

#1019

MacauBound

old hand

Join Date: Mar 2013 Posts: 1,786

Quote:

Originally Posted by Jon_locke

50 % bitcoins, 50% hi-stakes shot taking ftw. Will likely outperform any portfolio in terms of ROI just a bit risky

Yeah that's my Betterment

(results not always guaranteed)

03-31-2017 , 03:15 AM

#1020

BigBadBabar

California Elephant

Join Date: Dec 2005 Posts: 21,554

i'm in a skype chatroom about bitcoin. some of the guys have 100% of their net worth in bitcoin at the moment. seems a bit strong to me.

03-31-2017 , 03:16 AM

#1021

BigBadBabar

California Elephant

Join Date: Dec 2005 Posts: 21,554

Quote:

Originally Posted by woody9998

both solid books

03-31-2017 , 06:47 AM

#1022

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,797

Quote:

Originally Posted by jdr0317

Really starting to dive head first into the investing game now that I've bought a house.

Question: 99% Stock ETF portfolio too risky to you guys? Or no gamble no future?

There is always a good position to be in with ETF's because there are short ETF's, although you would be better off learning about individual stocks. The "juice", for lack of a better word, is too high on short ETF's to hold them longterm, especially the 2x and 3x.