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Winrates, bankrolls, and finances Winrates, bankrolls, and finances
View Poll Results: What is your Win Rate in terms of BB per Housr
Less than 0 (losing)
5 6.41%
0-2.5
0 0%
2.5-5
6 7.69%
5-7.5
8 10.26%
7.5-10
15 19.23%
10+
26 33.33%
Not enough sample size/I don't know
18 23.08%

05-25-2016 , 12:30 AM
Quote:
Originally Posted by ibelieveyouoweme$80k
You don't think the vast majority of people in this world would want to gamble but risk less than $1,000 and are in debt?

Please live in the real world for a few months.
I'm not sure what you are saying here. I'm just saying if 99% of the players in the poker room are spending their last moneys on poker when they have significant debt and are close to bankruptcy then they need help.

He should move to Texas where he will be quite far from a casino and where he won't be required to pay his credit card debt.
Winrates, bankrolls, and finances Quote
05-25-2016 , 12:34 AM
You don't gotta pay CC debt in Texas?

Sent from my XT1565 using Tapatalk
Winrates, bankrolls, and finances Quote
05-25-2016 , 12:54 AM
Quote:
Originally Posted by ibelieveyouoweme$80k
So, 99 percent of the people who show up in your poker room should get help from GA?

I don't think so.

1) Did this guy say he was a pro?
2) Did this guy say he didn't have money in the bank?
3) I believe he said 'I have a 3-figure bankroll.'

If this guy can play a few hours on his 3-figure roll and has a job and then has to take a few months off to rebuild from his part-time job, who are you to tell him to stop?

Again, this is all premised on him having a job.
I would never tell a fish to not come in poker room, counterintuitive don't you think?
Winrates, bankrolls, and finances Quote
05-25-2016 , 12:56 AM
Quote:
Originally Posted by VolumeKing
It's impossible to estimate someone ones monthly expenses and they vastly vary across the world. For the purposes of this thread I am Only talking about poker BR. For example once I got down to 15k liquid, I decided I couldn't play anymore. I didn't realize this at the time but my poker bankroll is really only the money I feel comfortable losing.

If you have a 10k roll and you drop down from 2/5 at 5k then you actually are playing on a $5k roll. But let's say you have a 30k roll, at what point would you drop down to a lower game, $20k? $15k?

Any how much does playing deep affect these numbers?
Depends on your WR and ability to beat the game.
Winrates, bankrolls, and finances Quote
05-25-2016 , 01:00 AM
Quote:
Originally Posted by de4df1sh
You don't gotta pay CC debt in Texas?

Sent from my XT1565 using Tapatalk
Of course not. Why in the hell would we do something silly like that? It will hurt a man's credit score and all that nonsense but they ain't gonna be able to put one of them there liens on ya house or garnish them wages let me tell you what.
Winrates, bankrolls, and finances Quote
05-25-2016 , 01:03 AM
Quote:
Originally Posted by Richard Parker
Depends on your WR and ability to beat the game.
Dude, this is the one and only VolumeKing that we are talking about. His winrate is high and his ability to beat the game is undeniable. I know from his PGC thread that he enjoys lots of massages at the table and strippers. Also fine dining.
Winrates, bankrolls, and finances Quote
05-25-2016 , 02:21 AM
Jesus, I just read that thread. @VolumeKing

I'm a life nit, so I for the life of me cannot understand how you spend every cent you make.

I have worse back problems then you most likely, and I almost never get a massage despite desperately wanting one because I know it won't fix the problem. Only stretching and exercise can. You're spending thousands to feel good. And tbh you're not even putting in that much volume lol
Winrates, bankrolls, and finances Quote
05-25-2016 , 02:23 AM
Should rename to Volume King Nit, everything he's not.
Winrates, bankrolls, and finances Quote
05-25-2016 , 03:18 AM
Quote:
Originally Posted by ibelieveyouoweme$80k
So, 99 percent of the people who show up in your poker room should get help from GA?

I don't think so.

1) Did this guy say he was a pro?
2) Did this guy say he didn't have money in the bank?
3) I believe he said 'I have a 3-figure bankroll.'

If this guy can play a few hours on his 3-figure roll and has a job and then has to take a few months off to rebuild from his part-time job, who are you to tell him to stop?

Again, this is all premised on him having a job.
i have a job pays 60k per year and who the hell is that ass to tell me to join GA when the majority of gambling degen congregate on this very site 24 7
Winrates, bankrolls, and finances Quote
05-25-2016 , 05:31 AM
Quote:
Originally Posted by VolumeKing
What kind of bankroll would have kept you guys from going broke? I really feel that 15k is kinda the minimum BR needed
Sorry, mine wasn't at 2/5 nl I misread the question. Like others it was more a combination of life/habits than a pure downswing wiping out a dedicated bankroll though (and I didn't really go completely busted my last dime broke a job has just made sense at different times).

Just as an example a 15K bankroll at 2/5 when you're making $35 an hour, don't have other cashflow, and have a 5K monthly nut is a good point to realize some things need to change. A person with a 5K bankroll and different specifics could have a much better chance of staying in action. All "bankrolls" aren't created equal just comparing number to number.
Winrates, bankrolls, and finances Quote
05-25-2016 , 06:00 AM
Quote:
Originally Posted by Dream Crusher
I'm not sure what you are saying here. I'm just saying if 99% of the players in the poker room are spending their last moneys on poker when they have significant debt and are close to bankruptcy then they need help.

He should move to Texas where he will be quite far from a casino and where he won't be required to pay his credit card debt.
99% is high but it's a high number. Not as high in poker as in other forms of gambling but a very high number. The median net worth of a player in a typical room is probably less than zero (and poker is a much better scene than other gambling).
Winrates, bankrolls, and finances Quote
05-25-2016 , 08:15 AM
Quote:
Originally Posted by hellofaplaya44
Unfortunately im one of those that plays with a 3 figure bankroll and the toll its taken on my mind and health is brutal. Maybe when i file bankruptcy to pay off my cc debt ill have peace of mind and play better

Ignoring the issues of meeting financial obligations outside of poker, there are two distinct benefits of being nitty in regard to b/r requirements.

The first is the actual risk of ruin. This doesn't really impact a rec player because busting a poker roll or it's equivalent just means you stop a hobby for a while.

Obv for a pro this is deadly. Busting a roll for a pro is like a carpenter losing his tools.

But actual risk of ruin at any given time is only affecting a small percentage of players.

But the second reason IMO affects most players most of the time. That is decision making at the table. It is simply easier to make the correct play in big or potentially big pots when you are over rolled for a game.

Look at a difficult decision in a 2k pot at 2/5. Now consider that same situation but make the stakes $0.20/$0.50 and it's a $200 pot. Would calling that shove or making that bet or w/e be significantly easier?

That is the impact of being over or comfortably rolled for a game IMO and can impact a player's wr on a daily basis.
Winrates, bankrolls, and finances Quote
05-25-2016 , 09:02 AM
Quote:
Originally Posted by hellofaplaya44
i have a job pays 60k per year and who the hell is that ass to tell me to join GA when the majority of gambling degen congregate on this very site 24 7
Lol sick troll guy.

[ X ] considering bankruptcy
[ X ] poker swings taking toll on him physically and mentally
[ X ] outraged that someone thinks he needs help

Ur reaction is pathetic but typical in this society
Winrates, bankrolls, and finances Quote
05-25-2016 , 09:07 AM
Quote:
Originally Posted by WOAT1Time
99% is high but it's a high number. Not as high in poker as in other forms of gambling but a very high number. The median net worth of a player in a typical room is probably less than zero (and poker is a much better scene than other gambling).
Maybe Ed Miller should write a new book and apply that 1% to this very topic
Winrates, bankrolls, and finances Quote
05-25-2016 , 09:13 AM
Quote:
Originally Posted by cAmmAndo
Ignoring the issues of meeting financial obligations outside of poker, there are two distinct benefits of being nitty in regard to b/r requirements.

The first is the actual risk of ruin. This doesn't really impact a rec player because busting a poker roll or it's equivalent just means you stop a hobby for a while.

Obv for a pro this is deadly. Busting a roll for a pro is like a carpenter losing his tools.

But actual risk of ruin at any given time is only affecting a small percentage of players.

But the second reason IMO affects most players most of the time. That is decision making at the table. It is simply easier to make the correct play in big or potentially big pots when you are over rolled for a game.

Look at a difficult decision in a 2k pot at 2/5. Now consider that same situation but make the stakes $0.20/$0.50 and it's a $200 pot. Would calling that shove or making that bet or w/e be significantly easier?

That is the impact of being over or comfortably rolled for a game IMO and can impact a player's wr on a daily basis.
Some of these pros still have something to fall back on in the event they go broke. They might be fathering 3 or 4 kids while the wife is unemployed and reaping the benefits of public assistance , health ins food stamps and the other little perks associated with being unemployed. Correct me if i am wrong but poker player cannot be listed as a profession right? Then you have guys like Jonathan Little who is married to an attorney which is something special to fall back on during the brutal downswings or worse that occur at the table . Smart guy huh?
Winrates, bankrolls, and finances Quote
05-25-2016 , 09:56 AM
Quote:
Originally Posted by YGOchamp
Jesus, I just read that thread. @VolumeKing

I'm a life nit, so I for the life of me cannot understand how you spend every cent you make.

I have worse back problems then you most likely, and I almost never get a massage despite desperately wanting one because I know it won't fix the problem. Only stretching and exercise can. You're spending thousands to feel good. And tbh you're not even putting in that much volume lol
You guys can't see the "in training" part of my screen name? I'm sure your back is worse than mine but I don't need massages anymore so I would say it worked.
Winrates, bankrolls, and finances Quote
05-25-2016 , 09:59 AM
Quote:
Originally Posted by hellofaplaya44
Some of these pros still have something to fall back on in the event they go broke. They might be fathering 3 or 4 kids while the wife is unemployed and reaping the benefits of public assistance , health ins food stamps and the other little perks associated with being unemployed.
Generalize much?


Quote:
Originally Posted by hellofaplaya44
Correct me if i am wrong but poker player cannot be listed as a profession right?

So all the pros list what as their profession on their tax forms? Luck box? Charlatan?
Winrates, bankrolls, and finances Quote
05-25-2016 , 10:22 AM
Claiming unemployment and obtaining government benefits while making money playing poker is called "tax fraud." It also makes you a POS in my opinion. If that seems harsh to you then consider that the government takes about $40k from me every year to pay for those POS players.
Winrates, bankrolls, and finances Quote
05-25-2016 , 10:30 AM
Quote:
Originally Posted by spikeraw22
Claiming unemployment and obtaining government benefits while making money playing poker is called "tax fraud." It also makes you a POS in my opinion. If that seems harsh to you then consider that the government takes about $40k from me every year to pay for those POS players.
This is not tax fraud, it could be unemployment fraud if you had made a living previously gambling. Otherwise(at least in my state) , poker is considered gambling and has nothing to do with your unemployment benefits or job searching. This is what I was told last time I was on unemployment a few years back.

the govt takes money from you every year to fund things like mortgage deductions, $800 billion bailouts, and corporate welfare. Do you really think a few thousand degens cost you more than Apple hiding it's cash overseas?
Winrates, bankrolls, and finances Quote
05-25-2016 , 10:32 AM
Quote:
Originally Posted by YGOchamp
Jesus, I just read that thread. @VolumeKing

I'm a life nit, so I for the life of me cannot understand how you spend every cent you make.

I have worse back problems then you most likely, and I almost never get a massage despite desperately wanting one because I know it won't fix the problem. Only stretching and exercise can. You're spending thousands to feel good. And tbh you're not even putting in that much volume lol
What're some ways to be a life nit? I have been taking some time off to rebuild my bankroll from so much spending and failed staking. I figure 6X my monthly nut for life fund and $20k for 2/5 $500 cap
Winrates, bankrolls, and finances Quote
05-25-2016 , 10:49 AM
volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Winrates, bankrolls, and finances Quote
05-25-2016 , 10:58 AM
Quote:
Originally Posted by squid face
volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Preach you big sexy bastard
Winrates, bankrolls, and finances Quote
05-25-2016 , 11:24 AM
Yeah but hes young which is a key word. Time is on his side as opposed to the middle aged elderly degens
Winrates, bankrolls, and finances Quote
05-25-2016 , 11:33 AM
Quote:
Originally Posted by squid face
volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Well I'm pretty aware of my life leaks and how they affect my roll. And you're right about vegas! That is why I am hiding out tryin to figure out what to do next. Vegas itself is a vice and just like you said it tries to seperate me from my money. expensive eating traditions and expensive girls have been my downfall. You missed staking though, that's what kills me about Vegas, down $15k staking people or helping friends. Heh there's no friends in a casino that's for sure
Winrates, bankrolls, and finances Quote
05-25-2016 , 11:43 AM
Quote:
Originally Posted by hellofaplaya44
Yeah but hes young which is a key word. Time is on his side as opposed to the middle aged elderly degens


Middle aged elderly? Is that a thing now?

And no, being young isn't good in this situation. Actually quite the opposite. Being older gives one the benefit of perspective, life lessons, and the possibility of actually having people depend on you.

Being young, usually you're free to do what you want, when you want, with zero regard for how it will affect you 5-10 years down the road, because 5-10 years ago you were in grade school trying to figure out how a training bra unstrapped.
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