Meale's 2017 | 2/5 Live | Professional Poker Player by Year's End
Really nice results online man! Some notes from above:
1. I prefer using a simple spreadsheet to the poker tracking apps (thats me)
2. Regarding your options regarding sticking with the job, I really recommend checking out this video https://www.youtube.com/watch?v=aK4sXrdn5KY. It doesn't necessarily mean I advocate recommend packing it all up, but I think you'll find it somewhat enlightening.
gl pal, gonna try checking in more!
1. I prefer using a simple spreadsheet to the poker tracking apps (thats me)
2. Regarding your options regarding sticking with the job, I really recommend checking out this video https://www.youtube.com/watch?v=aK4sXrdn5KY. It doesn't necessarily mean I advocate recommend packing it all up, but I think you'll find it somewhat enlightening.
gl pal, gonna try checking in more!
Some hands:
1:
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
BB: $53.37
Hero (UTG): $67.18
MP: $50.75
CO: $41.54
BTN: $72.92
SB: $64.87
Pre Flop: ($0.75) Hero is UTG with T T
Hero raises to $1.50, 1 fold, CO calls $1.50, BTN calls $1.50, SB raises to $7.50, 1 fold, Hero calls $6, 2 folds
Flop: ($18.50) 6 J 5 (2 players)
SB bets $57.37 all in, Hero calls $57.37
Turn: ($133.24) 9 (2 players - 1 is all in)
River: ($133.24) K (2 players - 1 is all in)
2. vs tilted jap
Poker Stars $0.10/$0.25 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
Hero (BB): $57.45
UTG: $25.00
MP: $28.58
CO: $25.00
BTN: $41.02
SB: $26.50
Pre Flop: ($0.35) Hero is BB with K A
2 folds, CO raises to $0.63, BTN calls $0.63, 1 fold, Hero raises to $3.10, 1 fold, BTN calls $2.47
Flop: ($6.93) T A 5 (2 players)
Hero bets $3.44, BTN calls $3.44
Turn: ($13.81) 2 (2 players)
Hero bets $8.80, BTN raises to $34.48 all in, Hero calls $25.68
River: ($82.77) 8 (2 players - 1 is all in)
3.
Poker Stars $0.10/$0.25 No Limit Hold'em - 3 players
DeucesCracked Poker Videos Hand History Converter
BTN: $25.00
Hero (SB): $49.81
BB: $26.35
Pre Flop: ($0.35) Hero is SB with A T
BTN raises to $0.62, Hero raises to $2.12, 1 fold, BTN calls $1.50
Flop: ($4.49) 4 5 9 (2 players)
Hero bets $2.23, BTN calls $2.23
Turn: ($8.95) T (2 players)
Hero checks, BTN bets $3, Hero raises to $9, BTN calls $6
River: ($26.95) T (2 players)
Hero bets $36.46 all in, BTN calls $11.65 all in
1:
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
BB: $53.37
Hero (UTG): $67.18
MP: $50.75
CO: $41.54
BTN: $72.92
SB: $64.87
Pre Flop: ($0.75) Hero is UTG with T T
Hero raises to $1.50, 1 fold, CO calls $1.50, BTN calls $1.50, SB raises to $7.50, 1 fold, Hero calls $6, 2 folds
Flop: ($18.50) 6 J 5 (2 players)
SB bets $57.37 all in, Hero calls $57.37
Turn: ($133.24) 9 (2 players - 1 is all in)
River: ($133.24) K (2 players - 1 is all in)
Spoiler:
Final Pot: $133.24
Hero shows Ts Th (a pair of Tens)
SB shows Ks Kh (three of a kind, Kings)
SB wins $131.24
(Rake: $2.00)
Hero shows Ts Th (a pair of Tens)
SB shows Ks Kh (three of a kind, Kings)
SB wins $131.24
(Rake: $2.00)
2. vs tilted jap
Poker Stars $0.10/$0.25 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
Hero (BB): $57.45
UTG: $25.00
MP: $28.58
CO: $25.00
BTN: $41.02
SB: $26.50
Pre Flop: ($0.35) Hero is BB with K A
2 folds, CO raises to $0.63, BTN calls $0.63, 1 fold, Hero raises to $3.10, 1 fold, BTN calls $2.47
Flop: ($6.93) T A 5 (2 players)
Hero bets $3.44, BTN calls $3.44
Turn: ($13.81) 2 (2 players)
Hero bets $8.80, BTN raises to $34.48 all in, Hero calls $25.68
River: ($82.77) 8 (2 players - 1 is all in)
Spoiler:
Final Pot: $82.77
Hero shows Ks Ac (a pair of Aces)
BTN shows 3s 4s (a straight, Ace to Five)
BTN wins $80.77
(Rake: $2.00)
Hero shows Ks Ac (a pair of Aces)
BTN shows 3s 4s (a straight, Ace to Five)
BTN wins $80.77
(Rake: $2.00)
3.
Poker Stars $0.10/$0.25 No Limit Hold'em - 3 players
DeucesCracked Poker Videos Hand History Converter
BTN: $25.00
Hero (SB): $49.81
BB: $26.35
Pre Flop: ($0.35) Hero is SB with A T
BTN raises to $0.62, Hero raises to $2.12, 1 fold, BTN calls $1.50
Flop: ($4.49) 4 5 9 (2 players)
Hero bets $2.23, BTN calls $2.23
Turn: ($8.95) T (2 players)
Hero checks, BTN bets $3, Hero raises to $9, BTN calls $6
River: ($26.95) T (2 players)
Hero bets $36.46 all in, BTN calls $11.65 all in
Spoiler:
Final Pot: $50.25
BTN shows Tc Js (three of a kind, Tens - lower kicker)
Hero shows Ad Th (three of a kind, Tens)
Hero wins $49.25
(Rake: $1.00)
BTN shows Tc Js (three of a kind, Tens - lower kicker)
Hero shows Ad Th (three of a kind, Tens)
Hero wins $49.25
(Rake: $1.00)
Some more lol hands from today:
1. Standard cc pre...
Poker Stars $0.25/$0.50 No Limit Hold'em - 9 players
DeucesCracked Poker Videos Hand History Converter
Hero (SB): $68.20
BB: $66.84
UTG: $51.00
UTG+1: $50.44
UTG+2: $48.46
MP1: $53.14
MP2: $50.00
CO: $52.55
BTN: $50.00
Pre Flop: ($0.75) Hero is SB with A A
1 fold, UTG+1 raises to $1.25, UTG+2 calls $1.25, 4 folds, Hero raises to $6.25, BB calls $5.75, 1 fold, UTG+2 calls $5
Flop: ($20.00) 2 3 8 (3 players)
Hero bets $6.46, BB calls $6.46, UTG+2 folds
Turn: ($32.92) 4 (2 players)
Hero bets $16.26, BB raises to $54.13 all in, Hero calls $37.87
River: ($141.18) 3 (2 players - 1 is all in)
2.
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.71
Hero (SB): $50.25
BB: $50.00
UTG: $64.88
MP: $53.66
CO: $28.65
Pre Flop: ($0.75) Hero is SB with J T
UTG raises to $1.25, MP calls $1.25, 2 folds, Hero raises to $6, 1 fold, UTG calls $4.75, MP calls $4.75
Flop: ($18.50) Q T 5 (3 players)
Hero checks, UTG checks, MP bets $6.50, Hero calls $6.50, UTG folds
Turn: ($31.50) 6 (2 players)
Hero checks, MP checks
River: ($31.50) 8 (2 players)
Hero checks, MP bets $14.96, Hero calls $14.96
3. Standard snapcall otr lmao
Poker Stars $0.25/$0.50 No Limit Hold'em - 5 players
DeucesCracked Poker Videos Hand History Converter
CO: $81.80
Hero (BTN): $107.57
SB: $46.96
BB: $35.67
UTG: $110.78
Pre Flop: ($0.75) Hero is BTN with 7 K
2 folds, Hero raises to $1.25, 1 fold, BB calls $0.75
Flop: ($2.75) 3 A 7 (2 players)
BB checks, Hero bets $0.89, BB calls $0.89
Turn: ($4.53) 7 (2 players)
BB bets $4.30, Hero calls $4.30
River: ($13.13) Q (2 players)
BB bets $12.47, Hero raises to $49.88, BB calls $16.76 all in
1. Standard cc pre...
Poker Stars $0.25/$0.50 No Limit Hold'em - 9 players
DeucesCracked Poker Videos Hand History Converter
Hero (SB): $68.20
BB: $66.84
UTG: $51.00
UTG+1: $50.44
UTG+2: $48.46
MP1: $53.14
MP2: $50.00
CO: $52.55
BTN: $50.00
Pre Flop: ($0.75) Hero is SB with A A
1 fold, UTG+1 raises to $1.25, UTG+2 calls $1.25, 4 folds, Hero raises to $6.25, BB calls $5.75, 1 fold, UTG+2 calls $5
Flop: ($20.00) 2 3 8 (3 players)
Hero bets $6.46, BB calls $6.46, UTG+2 folds
Turn: ($32.92) 4 (2 players)
Hero bets $16.26, BB raises to $54.13 all in, Hero calls $37.87
River: ($141.18) 3 (2 players - 1 is all in)
Spoiler:
Final Pot: $141.18
Hero shows As Ah (a flush, Ace high)
BB shows 5c 6d (a straight, Deuce to Six)
Hero wins $139.18
(Rake: $2.00)
Hero shows As Ah (a flush, Ace high)
BB shows 5c 6d (a straight, Deuce to Six)
Hero wins $139.18
(Rake: $2.00)
2.
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.71
Hero (SB): $50.25
BB: $50.00
UTG: $64.88
MP: $53.66
CO: $28.65
Pre Flop: ($0.75) Hero is SB with J T
UTG raises to $1.25, MP calls $1.25, 2 folds, Hero raises to $6, 1 fold, UTG calls $4.75, MP calls $4.75
Flop: ($18.50) Q T 5 (3 players)
Hero checks, UTG checks, MP bets $6.50, Hero calls $6.50, UTG folds
Turn: ($31.50) 6 (2 players)
Hero checks, MP checks
River: ($31.50) 8 (2 players)
Hero checks, MP bets $14.96, Hero calls $14.96
Spoiler:
Final Pot: $61.42
Hero shows Js Ts (a pair of Tens)
MP shows 3h 2h (high card Queen)
Hero wins $59.42
(Rake: $2.00)
Hero shows Js Ts (a pair of Tens)
MP shows 3h 2h (high card Queen)
Hero wins $59.42
(Rake: $2.00)
3. Standard snapcall otr lmao
Poker Stars $0.25/$0.50 No Limit Hold'em - 5 players
DeucesCracked Poker Videos Hand History Converter
CO: $81.80
Hero (BTN): $107.57
SB: $46.96
BB: $35.67
UTG: $110.78
Pre Flop: ($0.75) Hero is BTN with 7 K
2 folds, Hero raises to $1.25, 1 fold, BB calls $0.75
Flop: ($2.75) 3 A 7 (2 players)
BB checks, Hero bets $0.89, BB calls $0.89
Turn: ($4.53) 7 (2 players)
BB bets $4.30, Hero calls $4.30
River: ($13.13) Q (2 players)
BB bets $12.47, Hero raises to $49.88, BB calls $16.76 all in
Spoiler:
Final Pot: $71.59
Hero shows 7c Kc (three of a kind, Sevens)
BB shows 6d Jh (a pair of Sevens)
Hero wins $69.59
(Rake: $2.00)
Hero shows 7c Kc (three of a kind, Sevens)
BB shows 6d Jh (a pair of Sevens)
Hero wins $69.59
(Rake: $2.00)
#redlinewarriors
Poker Stars $0.25/$0.50 No Limit Hold'em - 5 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.00
SB: $56.93
Hero (BB): $62.36
UTG: $38.59
CO: $63.59
Pre Flop: ($0.75) Hero is BB with 8 8
2 folds, BTN raises to $1.50, 1 fold, Hero raises to $5, BTN calls $3.50
Flop: ($10.25) T 4 6 (2 players)
Hero bets $3.75, BTN raises to $12, Hero calls $8.25
Turn: ($34.25) 7 (2 players)
Hero checks, BTN bets $16.50, Hero raises to $45.36 all in, BTN folds
Prob shudda gone bigger:
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
UTG: $50.75
MP: $40.00
CO: $94.13
Hero (BTN): $66.60
SB: $39.00
BB: $50.00
MP posts a big blind ($0.50)
Pre Flop: ($1.25) Hero is BTN with Q K
1 fold, MP checks, 1 fold, Hero raises to $2.25, 2 folds, MP calls $1.75
Flop: ($5.25) K T 2 (2 players)
MP bets $1.50, Hero raises to $5, MP calls $3.50
Turn: ($15.25) 7 (2 players)
MP checks, Hero bets $8, MP calls $8
River: ($31.25) 6 (2 players)
MP checks, Hero bets $10.09, MP calls $10.09
vs reg:
Poker Stars $0.25/$0.50 No Limit Hold'em - 4 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.00
SB: $63.67
BB: $50.00
Hero (CO): $113.38
Pre Flop: ($0.75) Hero is CO with J J
Hero raises to $1.38, 2 folds, BB calls $0.88
Flop: ($3.01) Q 5 Q (2 players)
BB checks, Hero bets $1.49, BB calls $1.49
Turn: ($5.99) K (2 players)
BB checks, Hero bets $1.93, BB raises to $5.50, Hero calls $3.57
River: ($16.99) 2 (2 players)
BB bets $13, Hero calls $13
vs flop timing tell:
Poker Stars $0.25/$0.50 No Limit Hold'em - 8 players
DeucesCracked Poker Videos Hand History Converter
MP1: $54.61
MP2: $53.74
CO: $47.32
BTN: $55.30
SB: $80.74
BB: $18.48
UTG: $50.25
Hero (UTG+1): $58.58
Pre Flop: ($0.75) Hero is UTG+1 with A K
1 fold, Hero raises to $1.50, 3 folds, BTN raises to $5.25, 2 folds, Hero raises to $12.25, BTN calls $7
Flop: ($25.25) Q T T (2 players)
Hero bets $8.16, BTN calls $8.16
Turn: ($41.57) 6 (2 players)
Hero bets $38.17 all in, BTN folds
click click click
Poker Stars $0.25/$0.50 No Limit Hold'em - 8 players
DeucesCracked Poker Videos Hand History Converter
CO: $52.50
BTN: $70.25
SB: $70.20
BB: $31.51
Hero (UTG): $55.19
UTG+1: $50.00
MP1: $51.50
MP2: $50.00
Pre Flop: ($0.75) Hero is UTG with K Q
Hero raises to $1.50, UTG+1 calls $1.50, 5 folds, BB calls $1
Flop: ($4.75) 8 T 7 (3 players)
BB checks, Hero bets $2.50, UTG+1 folds, BB calls $2.50
Turn: ($9.75) 4 (2 players)
BB checks, Hero bets $5.75, BB calls $5.75
River: ($21.25) 2 (2 players)
BB checks, Hero bets $22, BB folds
Poker Stars $0.25/$0.50 No Limit Hold'em - 5 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.00
SB: $56.93
Hero (BB): $62.36
UTG: $38.59
CO: $63.59
Pre Flop: ($0.75) Hero is BB with 8 8
2 folds, BTN raises to $1.50, 1 fold, Hero raises to $5, BTN calls $3.50
Flop: ($10.25) T 4 6 (2 players)
Hero bets $3.75, BTN raises to $12, Hero calls $8.25
Turn: ($34.25) 7 (2 players)
Hero checks, BTN bets $16.50, Hero raises to $45.36 all in, BTN folds
Spoiler:
Final Pot: $67.25
Hero wins $65.25
(Rake: $2.00)
Hero wins $65.25
(Rake: $2.00)
Prob shudda gone bigger:
Poker Stars $0.25/$0.50 No Limit Hold'em - 6 players
DeucesCracked Poker Videos Hand History Converter
UTG: $50.75
MP: $40.00
CO: $94.13
Hero (BTN): $66.60
SB: $39.00
BB: $50.00
MP posts a big blind ($0.50)
Pre Flop: ($1.25) Hero is BTN with Q K
1 fold, MP checks, 1 fold, Hero raises to $2.25, 2 folds, MP calls $1.75
Flop: ($5.25) K T 2 (2 players)
MP bets $1.50, Hero raises to $5, MP calls $3.50
Turn: ($15.25) 7 (2 players)
MP checks, Hero bets $8, MP calls $8
River: ($31.25) 6 (2 players)
MP checks, Hero bets $10.09, MP calls $10.09
Spoiler:
Final Pot: $51.43
MP mucks Kc 8c
Hero shows Qc Kh (a pair of Kings)
Hero wins $49.43
(Rake: $2.00)
MP mucks Kc 8c
Hero shows Qc Kh (a pair of Kings)
Hero wins $49.43
(Rake: $2.00)
vs reg:
Poker Stars $0.25/$0.50 No Limit Hold'em - 4 players
DeucesCracked Poker Videos Hand History Converter
BTN: $50.00
SB: $63.67
BB: $50.00
Hero (CO): $113.38
Pre Flop: ($0.75) Hero is CO with J J
Hero raises to $1.38, 2 folds, BB calls $0.88
Flop: ($3.01) Q 5 Q (2 players)
BB checks, Hero bets $1.49, BB calls $1.49
Turn: ($5.99) K (2 players)
BB checks, Hero bets $1.93, BB raises to $5.50, Hero calls $3.57
River: ($16.99) 2 (2 players)
BB bets $13, Hero calls $13
Spoiler:
Final Pot: $42.99
BB shows J T (a pair of Queens)
Hero shows J J (two pair, Queens and Jacks)
Hero wins $42.24
(Rake: $0.75)
BB shows J T (a pair of Queens)
Hero shows J J (two pair, Queens and Jacks)
Hero wins $42.24
(Rake: $0.75)
vs flop timing tell:
Poker Stars $0.25/$0.50 No Limit Hold'em - 8 players
DeucesCracked Poker Videos Hand History Converter
MP1: $54.61
MP2: $53.74
CO: $47.32
BTN: $55.30
SB: $80.74
BB: $18.48
UTG: $50.25
Hero (UTG+1): $58.58
Pre Flop: ($0.75) Hero is UTG+1 with A K
1 fold, Hero raises to $1.50, 3 folds, BTN raises to $5.25, 2 folds, Hero raises to $12.25, BTN calls $7
Flop: ($25.25) Q T T (2 players)
Hero bets $8.16, BTN calls $8.16
Turn: ($41.57) 6 (2 players)
Hero bets $38.17 all in, BTN folds
Spoiler:
Final Pot: $41.57
Hero wins $39.57
(Rake: $2.00)
Hero wins $39.57
(Rake: $2.00)
click click click
Poker Stars $0.25/$0.50 No Limit Hold'em - 8 players
DeucesCracked Poker Videos Hand History Converter
CO: $52.50
BTN: $70.25
SB: $70.20
BB: $31.51
Hero (UTG): $55.19
UTG+1: $50.00
MP1: $51.50
MP2: $50.00
Pre Flop: ($0.75) Hero is UTG with K Q
Hero raises to $1.50, UTG+1 calls $1.50, 5 folds, BB calls $1
Flop: ($4.75) 8 T 7 (3 players)
BB checks, Hero bets $2.50, UTG+1 folds, BB calls $2.50
Turn: ($9.75) 4 (2 players)
BB checks, Hero bets $5.75, BB calls $5.75
River: ($21.25) 2 (2 players)
BB checks, Hero bets $22, BB folds
Spoiler:
Final Pot: $21.25
Hero wins $20.19
(Rake: $1.06)
Hero wins $20.19
(Rake: $1.06)
UPDATE!
I finally did it! I quit my job on Tuesday of last week. It was quite an anxious moment tbf, but felt amazing after the deed was done. By law, I only had to give 1 week's notice but because I'm grateful for what they've given me and because I know they'd struggle with such a small amount of notice, I decided to give them 4 weeks notice. Actually I legitimately can't remember if I resigned last Tuesday or the week before - I THINK my final day is Aug 3 or 4, but still have a couple to three weeks left. Which is good since it will give me a bit extra GTD cash.
Money Situation:
So here's how we're situated. I have $15.5k in the bank, about $1.6k in cash, about $800 coming through today from salary, and within the next fortnight, another $2.3k coming in from my tax return. That right there is a little over $20k which, for those who've been following attentively, will know was my "golden number" I wanted before I quit my job. I also have a few other "assets" which I'll be selling over the next couple months which will amount to ~$2k. I also have my car which I can get rid of for another $2k ish but I THINK I'll want to keep that with me.
I had originally planned to save $20-25k and THEN quit my job but decided to jump the gun a little early. Things at work have been less than pleasant and it's been draining the life from me every day. The plan was to save 20-25k, insta move down to Melbourne and begin grinding professionally. However, I've modified this plan a little.
Current Gameplan:
Once I finish my last day at work, I'll want to save roughly another $8k from playing poker full time - I'll do that here in Brisbane because it'll be cheaper and if variance isn't a complete *****, it should be quicker than working at my job. The purpose of this $8k is to ensure the transition to Melbourne is seamless and doesn't leave me with less than the $20k I want as a minimum from day 1 in Melbourne. There are some things I will need: a new phone (my current phone is shutting down @ 29% battery every ****int day and it's extremely tilting), so there's $500 for that. I'll want a pair of Bose over-ear headphones ($400) for the Melbourne grind as well. Obv the climate in Brisbane is very different to Melbourne so I'll need some warmer clothes (~$400), I'll need to pay bond up front when moving to my new place which could be maybe $800? I'll want to do a recon trip maybe a weekend before moving down, just to suss out a few different living options and find a good place, so flights/accom maybe ~$300 for that, then there's the actual move - I imagine I'll drive down with my car, it's a 2 day drive but then I may also want to take a moving truck with me with some ****, idk? Maybe another $200 for that. So the "cost of moving" and getting settled in is roughly $2.6k. I also think it'd be nice to not have to begin grinding immediately once I get to Melbourne - so maybe a week's "holiday" - a week off to get settled in, explore the city, party, meet a few locals etc. A full week of hedonism and catharsis would be nice since once I begin the grind, I plan on working extremely hard and long hours.
So I think $28k is the revised golden number before I actually move to Melbourne. It could take me a week to get from where I am now to $28k, or it could take a few months if variance is unkind. Once I am in Melbourne and settled down, I've taken my week off, I should be left with ~$23k which will be split for the following budget-wise.
$10k - Bankroll - Playing $2/$5 (500 cap) live I think 20BIs is actually pretty conservative even as a pro. But I want to do this right the first time round so think this is fine.
The other $13k is "6 months living expenses" - that amounts to $500 a week. I think $500 a week makes things a lot less stressful, especially if results-wise we insta doomswitch. For the first 6 months, I want any profit to essentially go 100% to savings as I should have enough in the bank to live off for this period. I currently have no idea where I'll be saying - it could really be anywhere from a sharehouse to my own one bedrooom apartment - rent could be anywhere from cheap to quite pricey. Having no XP living away from home, I want to account for unexpected expenses which is why I think $500 is a fairly reasonable number.
In terms of weekly expenses, I'll be looking at the following:
- Food
- Gym membership
- Phone
- Internet
- Rent/Bills
- Petrol
- Car rego/repairs
- Public transport
- Emergency/etc fund
Basically, more than I'm paying now per week and on less money (currently earning 750-800 a week at work and in Melb the budget will be 500). This is why staying in Brisbane to grind up a slightly bigger life roll will be beneficial.
Now of course, if I'm able to win at a fairly conservative 6bb/hr, I should be making EV $1200 a week on top of the $500 I have set aside for expenses, but as I said, I'd rather not dip too much into this and I think it'll be a good practice for me to try stick to a budget.
Goals for the remainder of the year:
[ ] Save additional $8k to get totalroll to $28k and then,
[ ] Move to Melbourne, settle in and,
[ ] Play at least 40 hours a week for the rest of the year
At the beginning of next year, I'll outline in a new PGC some slightly more long-term career goals. I'd like to move to London when I have enough money to do so - mainly to escape the lolAusRake and increase my hourly. So London for me is the endgame. But for now, my focus is on getting through these last couple weeks at work, transitioning into a full time player - want to hit at least 40 hours a week with bulk of volume at fri/sat/sun night time.
In a couple weeks when I begin playing full time, you guys can expect a lot more frequent updates to this thread that I've pretty well neglected since its inception. Cheers to those who are still following!
I finally did it! I quit my job on Tuesday of last week. It was quite an anxious moment tbf, but felt amazing after the deed was done. By law, I only had to give 1 week's notice but because I'm grateful for what they've given me and because I know they'd struggle with such a small amount of notice, I decided to give them 4 weeks notice. Actually I legitimately can't remember if I resigned last Tuesday or the week before - I THINK my final day is Aug 3 or 4, but still have a couple to three weeks left. Which is good since it will give me a bit extra GTD cash.
Money Situation:
So here's how we're situated. I have $15.5k in the bank, about $1.6k in cash, about $800 coming through today from salary, and within the next fortnight, another $2.3k coming in from my tax return. That right there is a little over $20k which, for those who've been following attentively, will know was my "golden number" I wanted before I quit my job. I also have a few other "assets" which I'll be selling over the next couple months which will amount to ~$2k. I also have my car which I can get rid of for another $2k ish but I THINK I'll want to keep that with me.
I had originally planned to save $20-25k and THEN quit my job but decided to jump the gun a little early. Things at work have been less than pleasant and it's been draining the life from me every day. The plan was to save 20-25k, insta move down to Melbourne and begin grinding professionally. However, I've modified this plan a little.
Current Gameplan:
Once I finish my last day at work, I'll want to save roughly another $8k from playing poker full time - I'll do that here in Brisbane because it'll be cheaper and if variance isn't a complete *****, it should be quicker than working at my job. The purpose of this $8k is to ensure the transition to Melbourne is seamless and doesn't leave me with less than the $20k I want as a minimum from day 1 in Melbourne. There are some things I will need: a new phone (my current phone is shutting down @ 29% battery every ****int day and it's extremely tilting), so there's $500 for that. I'll want a pair of Bose over-ear headphones ($400) for the Melbourne grind as well. Obv the climate in Brisbane is very different to Melbourne so I'll need some warmer clothes (~$400), I'll need to pay bond up front when moving to my new place which could be maybe $800? I'll want to do a recon trip maybe a weekend before moving down, just to suss out a few different living options and find a good place, so flights/accom maybe ~$300 for that, then there's the actual move - I imagine I'll drive down with my car, it's a 2 day drive but then I may also want to take a moving truck with me with some ****, idk? Maybe another $200 for that. So the "cost of moving" and getting settled in is roughly $2.6k. I also think it'd be nice to not have to begin grinding immediately once I get to Melbourne - so maybe a week's "holiday" - a week off to get settled in, explore the city, party, meet a few locals etc. A full week of hedonism and catharsis would be nice since once I begin the grind, I plan on working extremely hard and long hours.
So I think $28k is the revised golden number before I actually move to Melbourne. It could take me a week to get from where I am now to $28k, or it could take a few months if variance is unkind. Once I am in Melbourne and settled down, I've taken my week off, I should be left with ~$23k which will be split for the following budget-wise.
$10k - Bankroll - Playing $2/$5 (500 cap) live I think 20BIs is actually pretty conservative even as a pro. But I want to do this right the first time round so think this is fine.
The other $13k is "6 months living expenses" - that amounts to $500 a week. I think $500 a week makes things a lot less stressful, especially if results-wise we insta doomswitch. For the first 6 months, I want any profit to essentially go 100% to savings as I should have enough in the bank to live off for this period. I currently have no idea where I'll be saying - it could really be anywhere from a sharehouse to my own one bedrooom apartment - rent could be anywhere from cheap to quite pricey. Having no XP living away from home, I want to account for unexpected expenses which is why I think $500 is a fairly reasonable number.
In terms of weekly expenses, I'll be looking at the following:
- Food
- Gym membership
- Phone
- Internet
- Rent/Bills
- Petrol
- Car rego/repairs
- Public transport
- Emergency/etc fund
Basically, more than I'm paying now per week and on less money (currently earning 750-800 a week at work and in Melb the budget will be 500). This is why staying in Brisbane to grind up a slightly bigger life roll will be beneficial.
Now of course, if I'm able to win at a fairly conservative 6bb/hr, I should be making EV $1200 a week on top of the $500 I have set aside for expenses, but as I said, I'd rather not dip too much into this and I think it'll be a good practice for me to try stick to a budget.
Goals for the remainder of the year:
[ ] Save additional $8k to get totalroll to $28k and then,
[ ] Move to Melbourne, settle in and,
[ ] Play at least 40 hours a week for the rest of the year
At the beginning of next year, I'll outline in a new PGC some slightly more long-term career goals. I'd like to move to London when I have enough money to do so - mainly to escape the lolAusRake and increase my hourly. So London for me is the endgame. But for now, my focus is on getting through these last couple weeks at work, transitioning into a full time player - want to hit at least 40 hours a week with bulk of volume at fri/sat/sun night time.
In a couple weeks when I begin playing full time, you guys can expect a lot more frequent updates to this thread that I've pretty well neglected since its inception. Cheers to those who are still following!
UPDATE!
I finally did it! I quit my job on Tuesday of last week. It was quite an anxious moment tbf, but felt amazing after the deed was done. By law, I only had to give 1 week's notice but because I'm grateful for what they've given me and because I know they'd struggle with such a small amount of notice, I decided to give them 4 weeks notice. Actually I legitimately can't remember if I resigned last Tuesday or the week before - I THINK my final day is Aug 3 or 4, but still have a couple to three weeks left. Which is good since it will give me a bit extra GTD cash.
Money Situation:
So here's how we're situated. I have $15.5k in the bank, about $1.6k in cash, about $800 coming through today from salary, and within the next fortnight, another $2.3k coming in from my tax return. That right there is a little over $20k which, for those who've been following attentively, will know was my "golden number" I wanted before I quit my job. I also have a few other "assets" which I'll be selling over the next couple months which will amount to ~$2k. I also have my car which I can get rid of for another $2k ish but I THINK I'll want to keep that with me.
I had originally planned to save $20-25k and THEN quit my job but decided to jump the gun a little early. Things at work have been less than pleasant and it's been draining the life from me every day. The plan was to save 20-25k, insta move down to Melbourne and begin grinding professionally. However, I've modified this plan a little.
Current Gameplan:
Once I finish my last day at work, I'll want to save roughly another $8k from playing poker full time - I'll do that here in Brisbane because it'll be cheaper and if variance isn't a complete *****, it should be quicker than working at my job. The purpose of this $8k is to ensure the transition to Melbourne is seamless and doesn't leave me with less than the $20k I want as a minimum from day 1 in Melbourne. There are some things I will need: a new phone (my current phone is shutting down @ 29% battery every ****int day and it's extremely tilting), so there's $500 for that. I'll want a pair of Bose over-ear headphones ($400) for the Melbourne grind as well. Obv the climate in Brisbane is very different to Melbourne so I'll need some warmer clothes (~$400), I'll need to pay bond up front when moving to my new place which could be maybe $800? I'll want to do a recon trip maybe a weekend before moving down, just to suss out a few different living options and find a good place, so flights/accom maybe ~$300 for that, then there's the actual move - I imagine I'll drive down with my car, it's a 2 day drive but then I may also want to take a moving truck with me with some ****, idk? Maybe another $200 for that. So the "cost of moving" and getting settled in is roughly $2.6k. I also think it'd be nice to not have to begin grinding immediately once I get to Melbourne - so maybe a week's "holiday" - a week off to get settled in, explore the city, party, meet a few locals etc. A full week of hedonism and catharsis would be nice since once I begin the grind, I plan on working extremely hard and long hours.
So I think $28k is the revised golden number before I actually move to Melbourne. It could take me a week to get from where I am now to $28k, or it could take a few months if variance is unkind. Once I am in Melbourne and settled down, I've taken my week off, I should be left with ~$23k which will be split for the following budget-wise.
$10k - Bankroll - Playing $2/$5 (500 cap) live I think 20BIs is actually pretty conservative even as a pro. But I want to do this right the first time round so think this is fine.
The other $13k is "6 months living expenses" - that amounts to $500 a week. I think $500 a week makes things a lot less stressful, especially if results-wise we insta doomswitch. For the first 6 months, I want any profit to essentially go 100% to savings as I should have enough in the bank to live off for this period. I currently have no idea where I'll be saying - it could really be anywhere from a sharehouse to my own one bedrooom apartment - rent could be anywhere from cheap to quite pricey. Having no XP living away from home, I want to account for unexpected expenses which is why I think $500 is a fairly reasonable number.
In terms of weekly expenses, I'll be looking at the following:
- Food 80?a week depends if bulking or whatever
- Gym membership20 a week
- Phone 40 a month so 10 a week
- Internet included in rent
- Rent/Bills200 to be anywhere decent in melbounre
- Petrolclose to zero im guessing
- Car rego/repairsagain close to zero weekly maybe 10 bucks depending how crappy your car is
- Public transport30ish depends how much you drive
- Emergency/etc fund
Basically, more than I'm paying now per week and on less money (currently earning 750-800 a week at work and in Melb the budget will be 500). This is why staying in Brisbane to grind up a slightly bigger life roll will be beneficial.
Now of course, if I'm able to win at a fairly conservative 6bb/hr, I should be making EV $1200 a week on top of the $500 I have set aside for expenses, but as I said, I'd rather not dip too much into this and I think it'll be a good practice for me to try stick to a budget.
Goals for the remainder of the year:
[ ] Save additional $8k to get totalroll to $28k and then,
[ ] Move to Melbourne, settle in and,
[ ] Play at least 40 hours a week for the rest of the year
At the beginning of next year, I'll outline in a new PGC some slightly more long-term career goals. I'd like to move to London when I have enough money to do so - mainly to escape the lolAusRake and increase my hourly. So London for me is the endgame. But for now, my focus is on getting through these last couple weeks at work, transitioning into a full time player - want to hit at least 40 hours a week with bulk of volume at fri/sat/sun night time.
In a couple weeks when I begin playing full time, you guys can expect a lot more frequent updates to this thread that I've pretty well neglected since its inception. Cheers to those who are still following!
I finally did it! I quit my job on Tuesday of last week. It was quite an anxious moment tbf, but felt amazing after the deed was done. By law, I only had to give 1 week's notice but because I'm grateful for what they've given me and because I know they'd struggle with such a small amount of notice, I decided to give them 4 weeks notice. Actually I legitimately can't remember if I resigned last Tuesday or the week before - I THINK my final day is Aug 3 or 4, but still have a couple to three weeks left. Which is good since it will give me a bit extra GTD cash.
Money Situation:
So here's how we're situated. I have $15.5k in the bank, about $1.6k in cash, about $800 coming through today from salary, and within the next fortnight, another $2.3k coming in from my tax return. That right there is a little over $20k which, for those who've been following attentively, will know was my "golden number" I wanted before I quit my job. I also have a few other "assets" which I'll be selling over the next couple months which will amount to ~$2k. I also have my car which I can get rid of for another $2k ish but I THINK I'll want to keep that with me.
I had originally planned to save $20-25k and THEN quit my job but decided to jump the gun a little early. Things at work have been less than pleasant and it's been draining the life from me every day. The plan was to save 20-25k, insta move down to Melbourne and begin grinding professionally. However, I've modified this plan a little.
Current Gameplan:
Once I finish my last day at work, I'll want to save roughly another $8k from playing poker full time - I'll do that here in Brisbane because it'll be cheaper and if variance isn't a complete *****, it should be quicker than working at my job. The purpose of this $8k is to ensure the transition to Melbourne is seamless and doesn't leave me with less than the $20k I want as a minimum from day 1 in Melbourne. There are some things I will need: a new phone (my current phone is shutting down @ 29% battery every ****int day and it's extremely tilting), so there's $500 for that. I'll want a pair of Bose over-ear headphones ($400) for the Melbourne grind as well. Obv the climate in Brisbane is very different to Melbourne so I'll need some warmer clothes (~$400), I'll need to pay bond up front when moving to my new place which could be maybe $800? I'll want to do a recon trip maybe a weekend before moving down, just to suss out a few different living options and find a good place, so flights/accom maybe ~$300 for that, then there's the actual move - I imagine I'll drive down with my car, it's a 2 day drive but then I may also want to take a moving truck with me with some ****, idk? Maybe another $200 for that. So the "cost of moving" and getting settled in is roughly $2.6k. I also think it'd be nice to not have to begin grinding immediately once I get to Melbourne - so maybe a week's "holiday" - a week off to get settled in, explore the city, party, meet a few locals etc. A full week of hedonism and catharsis would be nice since once I begin the grind, I plan on working extremely hard and long hours.
So I think $28k is the revised golden number before I actually move to Melbourne. It could take me a week to get from where I am now to $28k, or it could take a few months if variance is unkind. Once I am in Melbourne and settled down, I've taken my week off, I should be left with ~$23k which will be split for the following budget-wise.
$10k - Bankroll - Playing $2/$5 (500 cap) live I think 20BIs is actually pretty conservative even as a pro. But I want to do this right the first time round so think this is fine.
The other $13k is "6 months living expenses" - that amounts to $500 a week. I think $500 a week makes things a lot less stressful, especially if results-wise we insta doomswitch. For the first 6 months, I want any profit to essentially go 100% to savings as I should have enough in the bank to live off for this period. I currently have no idea where I'll be saying - it could really be anywhere from a sharehouse to my own one bedrooom apartment - rent could be anywhere from cheap to quite pricey. Having no XP living away from home, I want to account for unexpected expenses which is why I think $500 is a fairly reasonable number.
In terms of weekly expenses, I'll be looking at the following:
- Food 80?a week depends if bulking or whatever
- Gym membership20 a week
- Phone 40 a month so 10 a week
- Internet included in rent
- Rent/Bills200 to be anywhere decent in melbounre
- Petrolclose to zero im guessing
- Car rego/repairsagain close to zero weekly maybe 10 bucks depending how crappy your car is
- Public transport30ish depends how much you drive
- Emergency/etc fund
Basically, more than I'm paying now per week and on less money (currently earning 750-800 a week at work and in Melb the budget will be 500). This is why staying in Brisbane to grind up a slightly bigger life roll will be beneficial.
Now of course, if I'm able to win at a fairly conservative 6bb/hr, I should be making EV $1200 a week on top of the $500 I have set aside for expenses, but as I said, I'd rather not dip too much into this and I think it'll be a good practice for me to try stick to a budget.
Goals for the remainder of the year:
[ ] Save additional $8k to get totalroll to $28k and then,
[ ] Move to Melbourne, settle in and,
[ ] Play at least 40 hours a week for the rest of the year
At the beginning of next year, I'll outline in a new PGC some slightly more long-term career goals. I'd like to move to London when I have enough money to do so - mainly to escape the lolAusRake and increase my hourly. So London for me is the endgame. But for now, my focus is on getting through these last couple weeks at work, transitioning into a full time player - want to hit at least 40 hours a week with bulk of volume at fri/sat/sun night time.
In a couple weeks when I begin playing full time, you guys can expect a lot more frequent updates to this thread that I've pretty well neglected since its inception. Cheers to those who are still following!
tight budget man, i dont save much on $1000 after tax a week in Perth and its way cheaper. good luck though doing something you enjoy, worst outcome is you have fun and go broke and get a job, best outcome is you never actually need to live on 500 a week everything is worth trying once.
- Food 80?a week depends if bulking or whatever - 80 for me is bare minimum, excluding eating out. prob 120ish which would give me a nice meal out on my day off.
- Gym membership20 a week - sure
- Phone 40 a month so 10 a week - sure
- Internet included in rent - hopefully!
- Rent/Bills200 to be anywhere decent in melbounre - yeah, sounds about right
- Petrolclose to zero im guessing - I think if I take my car, which is the current plan, I'll drive to and from the casino each day - which is what I'll be doing up here in Brisbane. This also allows me to play in homegames that are a bit further spread out - higher ev games than Crownrake basically. So this could be $60 a week fairly easily tbh.
- Car rego/repairsagain close to zero weekly maybe 10 bucks depending how crappy your car is - rego alone is like 15 a week, my car is extremely ****ty and notorious for breaking down, so maybe bump this up to 20-25 to be conservative?
- Public transport30ish depends how much you drive - yeah I imagine this will be close to nothing if im doing a lot of driving and can use the trams etc.
- Emergency/etc fund - obv will be >0
- Gym membership20 a week - sure
- Phone 40 a month so 10 a week - sure
- Internet included in rent - hopefully!
- Rent/Bills200 to be anywhere decent in melbounre - yeah, sounds about right
- Petrolclose to zero im guessing - I think if I take my car, which is the current plan, I'll drive to and from the casino each day - which is what I'll be doing up here in Brisbane. This also allows me to play in homegames that are a bit further spread out - higher ev games than Crownrake basically. So this could be $60 a week fairly easily tbh.
- Car rego/repairsagain close to zero weekly maybe 10 bucks depending how crappy your car is - rego alone is like 15 a week, my car is extremely ****ty and notorious for breaking down, so maybe bump this up to 20-25 to be conservative?
- Public transport30ish depends how much you drive - yeah I imagine this will be close to nothing if im doing a lot of driving and can use the trams etc.
- Emergency/etc fund - obv will be >0
tight budget man, i dont save much on $1000 after tax a week in Perth and its way cheaper.
good luck though doing something you enjoy, worst outcome is you have fun and go broke and get a job, best outcome is you never actually need to live on 500 a week everything is worth trying once.
$10k - Bankroll - Playing $2/$5 (500 cap) live I think 20BIs is actually pretty conservative even as a pro.
Clearly with that size of roll what they are aiming at here is the need to achieve two things:
Sufficient to ride out variation in a low volume playing environment.
Sufficient to keep you on your a-game and avoid scared money tilt when variation is biting.
You have a wealth of experience at nlhe, so you will have seen card dead spells online many times. You need to translate those periods into casino play and stress test your game plan based on your actual experiences with variation.
Notwithstanding...I hope you run good from the get go and I hope you get to London, which is my home town, even though I live in Scotland now.
I've picked up on some of your tips along the way and improved my game with them, so I wish you all the best.
I agree with Fatboy; you might want to rethink the 20 BI bankroll. I'm not going to say to save up 100 BI, although it would be beneficial. But at least maybe 40-50.
I tried to do that at one point as well, at 1/3 though instead of at 2/5. I had around 25 BI I think. The thing is, when you have your full 20 BI, you think you're properly rolled. You feel ok, because you know the chances of you going on a 20 BI downswing is almost zero. And that's fine, because you probably won't have a 20BI downswing, if you keep playing your A-game.
But what happens when you do lose some buy-ins? Let's say you have a bad run, and lose 7-8 BIs. Now you have only 12-13 BIs left. That feeling before? Gone! You are no longer thinking that you're comfortably rolled. Now you start worrying... You start thinking, I have 12-13 BI. What happens if I go on another downswing? Doubts start creeping in. You start worrying about the state of your bankroll, and about losing more.
You start playing more scared, and playing worse. And the likelihood of the downswing worsening increases. The shorter your bankroll becomes, the worse you feel/play.
I would advise you to have your bankroll be an amount where you can go on a downswing, and still have enough in your bankroll left to feel comfortable that you can go on another downswing. That's at the very least. And I'm speaking from experience. Don't underestimate the effects of playing with a deteriorating bankroll. I wish you all the luck though, and hope it works out!
I tried to do that at one point as well, at 1/3 though instead of at 2/5. I had around 25 BI I think. The thing is, when you have your full 20 BI, you think you're properly rolled. You feel ok, because you know the chances of you going on a 20 BI downswing is almost zero. And that's fine, because you probably won't have a 20BI downswing, if you keep playing your A-game.
But what happens when you do lose some buy-ins? Let's say you have a bad run, and lose 7-8 BIs. Now you have only 12-13 BIs left. That feeling before? Gone! You are no longer thinking that you're comfortably rolled. Now you start worrying... You start thinking, I have 12-13 BI. What happens if I go on another downswing? Doubts start creeping in. You start worrying about the state of your bankroll, and about losing more.
You start playing more scared, and playing worse. And the likelihood of the downswing worsening increases. The shorter your bankroll becomes, the worse you feel/play.
I would advise you to have your bankroll be an amount where you can go on a downswing, and still have enough in your bankroll left to feel comfortable that you can go on another downswing. That's at the very least. And I'm speaking from experience. Don't underestimate the effects of playing with a deteriorating bankroll. I wish you all the luck though, and hope it works out!
Is 500nl the lowest you can play? Imo 20bi is really scarce, esp when you're trying to make it on your own as a full time pro...
& fwiw I hate naysayers, but I do feel that 20bi's is just too shallow. Like pokerphilosopher said, if you do unfortunately drop 7-8 bi's, things will get very dicey
& fwiw I hate naysayers, but I do feel that 20bi's is just too shallow. Like pokerphilosopher said, if you do unfortunately drop 7-8 bi's, things will get very dicey
A good, fairly nitty live reg doesn't lose 10k buying in for $500 in soft 2/5 games. It basically just doesn't happen.
-
See if you can buy a new a battery for your phone if you want to save some cash, Meale. If it's an iPhone then there should be a dodgy phone shop in your area than can install a new one for $50 or so.
-
See if you can buy a new a battery for your phone if you want to save some cash, Meale. If it's an iPhone then there should be a dodgy phone shop in your area than can install a new one for $50 or so.
And then there's the issue of live play vs online play. I could be wrong, but it sounded as if he's new, or at least fairly new to live play. If that's the case, then there's a lot greater chance of losing more at the start as he tries to adjust, or over-adjust, his game to live play.
It happened to me. I lost a few BIs at start. Started feeling the pressure of a shrinking bankroll. My play got a bit worse. Lost a bit more. Finally, when I had around 10 BIs left, the stress became too much, and I just stopped playing live, and found more work.
Just trying to help him from going through the same. If he's anything like me though, he'll have his mind set on it and try to do it anyway. And if that's the case, I hope all goes well and he gets sone run good at the start to get him going.
But I think this is something I want to do differently from other guys. Instead of accepting the fact that poker will be a horrible grind at times and that I'll practically resent it, I want to leverage these thoughts to implement new systems for improving the mental game of live poker.
For instance, in live, if you lose a 400bb pot with a speculative river bluff or call, it is something that replays over and over in your mind. It's incredibly brutal. And obv if these spots are happening weekly and if these thoughts are constantly circulating my mind, it's going to lead to an unenjoyable experience. In response, I plan on doing daily/weekly/biweekly (yet undecided) "purge sessions" as part of my off-table work which are geared towards seeking closure and catharsis from thoughts like these.
Live poker is essentially a huge perpetual mind fugk. And if I'm going to make this my career and spend long hours doing it, I'm going to want to develop systems for dealing with these sorts of things to ensure I can always play my best game and don't find this entire endeavour reduced to a resentful enduring.
Much more on this to come!
Online is much more convenient.
But who knows, maybe one day I'll find myself bum hunting midstakes games on multiple networks while playing MTTs - I think that's a reasonable option but I don't have the bankroll to split across multiple networks atm and certainly not going down that path just yet in Aus.
But, if you enjoy it then thats what matters
There's a few of you mentioning the bankroll management stuff so I'm going to respond to that all at once here.
Ofc there's a difference between 20BIs if it's your liferoll and BR in a 200bb cap PLO game. But my game is 100 cap and plays relatively passively. Tbf, most people buy in short. Rarely are you 100 deep. So "20 buyins" is probably effectively closer to 25.
Now let's take a look at some simulations.
Assumptions:
- 6bb/hr wr (conservative)
- standard deviation: 150bb/100 (imo this is what all sims re live poker variance **** comes down to. I think given my generally lower-variance approach, 150bb/100 is a FAIRLY conservative figure here).
- 26,000 hands - this is roughly 6 months in my casino playing 40 hour weeks.
We get the following:
- Minimum bankroll for less than 5% risk of ruin (»?«) 1404 BB
If we up the Stdev to 200bb/100, we're looking at:
- Minimum bankroll for less than 5% risk of ruin (»?«) 2496 BB
If my actual Stdev is closer to 200bb/100, which I'm sure it's not, I'm happy with being slightly off this 5% punt.
Btw folks with the higher standard dev, the probability of loss after 6 months is only 2.6%.
Obv we can't read much into any of this, because if you change the winrate by 1 bb/hr or increase the hands per hour by 5, sht changes pretty drastically. The point is, mathematically, 20BIs is IMO more than enough.
Originally Posted by fatboy
Miller, Mehta & Flynn talk about 100BI for a live smalls stake professional, which usually gets a huge guffaw whenever I've mentioned it hereabouts, but the fact is, they are pros already (or have been) and its their words not mine...written in a book for anybody to read.
Sufficient to keep you on your a-game and avoid scared money tilt when variation is biting.
Notwithstanding...I hope you run good from the get go and I hope you get to London, which is my home town, even though I live in Scotland now.
I've picked up on some of your tips along the way and improved my game with them, so I wish you all the best.
I've picked up on some of your tips along the way and improved my game with them, so I wish you all the best.
I hope, through this thread and my next PGC, I'll be able to offer many more tips you may find valuable! IDK how much live you play, but I imagine that'll be the focus for most of my forthcoming content, with a particular focus on mental game stuff as I mentioned earlier in response to Max. Really keen to share some ideas with you guys - I feel like I could challenge Dan J Warburton, mental game extraordinaire!
Originally Posted by PP
I'm not going to say to save up 100 BI, although it would be beneficial.
But what happens when you do lose some buy-ins? Let's say you have a bad run, and lose 7-8 BIs. Now you have only 12-13 BIs left. That feeling before? Gone! You are no longer thinking that you're comfortably rolled. Now you start worrying... You start thinking, I have 12-13 BI. What happens if I go on another downswing? Doubts start creeping in. You start worrying about the state of your bankroll, and about losing more.
The shorter your bankroll becomes, the worse you feel/play.
I wish you all the luck though, and hope it works out!
Originally Posted by clanty
Is 500nl the lowest you can play? Imo 20bi is really scarce, esp when you're trying to make it on your own as a full time pro...
& fwiw I hate naysayers, but I do feel that 20bi's is just too shallow. Like pokerphilosopher said, if you do unfortunately drop 7-8 bi's, things will get very dicey
& fwiw I hate naysayers, but I do feel that 20bi's is just too shallow. Like pokerphilosopher said, if you do unfortunately drop 7-8 bi's, things will get very dicey
Originally Posted by horsepower
Gl with everything.
Originally Posted by robin
A good, fairly nitty live reg doesn't lose 10k buying in for $500 in soft 2/5 games. It basically just doesn't happen.
Put it this way, if I were to play:
2/5 in Australia: $10,000 AUD
2/5 in London: $40,000 AUD
And to note the rake in London is far, far lower than it is in Aus. But these games simply are just extremely different and I'm not sure everyone fully understands this.
See if you can buy a new a battery for your phone if you want to save some cash, Meale. If it's an iPhone then there should be a dodgy phone shop in your area than can install a new one for $50 or so.
Originally Posted by pp
The problem is if he loses several BIs. Mental issues start creeping in, and losing more BIs becomes a lot more probable because of that.
I could be wrong, but it sounded as if he's new, or at least fairly new to live play. If that's the case, then there's a lot greater chance of losing more at the start as he tries to adjust, or over-adjust, his game to live play.
I think it sounds like a solid plan , if things go wrong you can always change things up / drop down in stakes. GL
Well, you know more about yourself than I do haha. The only way you'll know for sure is to go through a stretch like that and find out. But yeah, having the extra saved up for living expenses can only help with that. I still think that realistically, it will affect you at least a little in some way. But maybe not.
As for 100 BIs being beneficial, I didn't mean at all that you should use that size BR. I just meant it could only be beneficial to your mental well-being. Meaning less stress and worrying lol. But you can still have that with a smaller BR than 100 BIs.
I don't think it's a fallacy; just a precaution. We're only human. Even if you can play your A-game all the time, would it still not bother you at all emotionally, or cause you unneeded stress if you BR starts getting lower? If not, then what I said doesn't really matter, as you should be fine. Just giving you something to think about. As I said, only you know yourself, and in the end, your plan should reflect that.
Good to hear that you've got some live experience already, so that should help immensely. Don't overestimate anything though. 200 hours is still not a lot of experience.
But yeah, if you feel like starting with 20 BIs is doable (and won't cause you too much stress or anxiety) and will yield a better chance of more long-term profits than waiting for a bigger BR and starting later, then you should do so. Sounds like you'll still be ok life-wise if it doesn't work out (although hopefully it will). So why not?
As for 100 BIs being beneficial, I didn't mean at all that you should use that size BR. I just meant it could only be beneficial to your mental well-being. Meaning less stress and worrying lol. But you can still have that with a smaller BR than 100 BIs.
IMO it's a bit of a fallacy to think like this. The purpose of a 20BI bankroll isn't to have an "effective 13BI bankroll charading as a 20BI roll". It's to have 20BIs and to utilise every one of them if necessary. Even if you're onto your last 10 buyins, I think a strong player mentally should be able to detatch themselves from any lingering thoughts of doubt/scared money while making actual decisions at the table, so as to maintain A-game. This is live poker, we have plenty of time to think through situations and make the best decision every time. That said, your point is still valid and all of this is much easier said than done.
Good to hear that you've got some live experience already, so that should help immensely. Don't overestimate anything though. 200 hours is still not a lot of experience.
But yeah, if you feel like starting with 20 BIs is doable (and won't cause you too much stress or anxiety) and will yield a better chance of more long-term profits than waiting for a bigger BR and starting later, then you should do so. Sounds like you'll still be ok life-wise if it doesn't work out (although hopefully it will). So why not?
Well, you know more about yourself than I do haha. The only way you'll know for sure is to go through a stretch like that and find out. But yeah, having the extra saved up for living expenses can only help with that. I still think that realistically, it will affect you at least a little in some way. But maybe not.
As for 100 BIs being beneficial, I didn't mean at all that you should use that size BR. I just meant it could only be beneficial to your mental well-being. Meaning less stress and worrying lol. But you can still have that with a smaller BR than 100 BIs.
I don't think it's a fallacy; just a precaution. We're only human. Even if you can play your A-game all the time, would it still not bother you at all emotionally, or cause you unneeded stress if you BR starts getting lower? If not, then what I said doesn't really matter, as you should be fine. Just giving you something to think about. As I said, only you know yourself, and in the end, your plan should reflect that.
Good to hear that you've got some live experience already, so that should help immensely. Don't overestimate anything though. 200 hours is still not a lot of experience.
But yeah, if you feel like starting with 20 BIs is doable (and won't cause you too much stress or anxiety) and will yield a better chance of more long-term profits than waiting for a bigger BR and starting later, then you should do so. Sounds like you'll still be ok life-wise if it doesn't work out (although hopefully it will). So why not?
As for 100 BIs being beneficial, I didn't mean at all that you should use that size BR. I just meant it could only be beneficial to your mental well-being. Meaning less stress and worrying lol. But you can still have that with a smaller BR than 100 BIs.
I don't think it's a fallacy; just a precaution. We're only human. Even if you can play your A-game all the time, would it still not bother you at all emotionally, or cause you unneeded stress if you BR starts getting lower? If not, then what I said doesn't really matter, as you should be fine. Just giving you something to think about. As I said, only you know yourself, and in the end, your plan should reflect that.
Good to hear that you've got some live experience already, so that should help immensely. Don't overestimate anything though. 200 hours is still not a lot of experience.
But yeah, if you feel like starting with 20 BIs is doable (and won't cause you too much stress or anxiety) and will yield a better chance of more long-term profits than waiting for a bigger BR and starting later, then you should do so. Sounds like you'll still be ok life-wise if it doesn't work out (although hopefully it will). So why not?
Don't listen to the naysayers. If you're a good player (5BBs/hr+), 20 BIs is more than enough for live play. You can add to it as you go and get it up to 25 BIs if you want to , but 20 is more than enough to start. Especially if you have a separate life roll which you do.
Appreciate the words lads!
... and yet I saw the guy to my left lost close to 3.5k in a deep stack 1/3 homegame ($6 rock) last night to:
2 flush over flush
1 set over set
AA vs JJ
Turned set of Qs which made the other guy a straight
Bottom vs top straight
I hear what you are saying, and often you are absolutely correct. This was obviously a crazy night but as they say, there are times you will run worse than you can ever imagine. I'd be concerned with 20 buy-ins if it was my sole income.
Meale, I've been following your progress, I shift to 2/5+ starting tomorrow. Good luck to you.
2 flush over flush
1 set over set
AA vs JJ
Turned set of Qs which made the other guy a straight
Bottom vs top straight
I hear what you are saying, and often you are absolutely correct. This was obviously a crazy night but as they say, there are times you will run worse than you can ever imagine. I'd be concerned with 20 buy-ins if it was my sole income.
Meale, I've been following your progress, I shift to 2/5+ starting tomorrow. Good luck to you.
A good, fairly nitty live reg doesn't lose 10k buying in for $500 in soft 2/5 games. It basically just doesn't happen.
-
See if you can buy a new a battery for your phone if you want to save some cash, Meale. If it's an iPhone then there should be a dodgy phone shop in your area than can install a new one for $50 or so.
-
See if you can buy a new a battery for your phone if you want to save some cash, Meale. If it's an iPhone then there should be a dodgy phone shop in your area than can install a new one for $50 or so.
... and yet I saw the guy to my left lost close to 3.5k in a deep stack 1/3 homegame ($6 rock) last night to:
2 flush over flush
1 set over set
AA vs JJ
Turned set of Qs which made the other guy a straight
Bottom vs top straight
I hear what you are saying, and often you are absolutely correct. This was obviously a crazy night but as they say, there are times you will run worse than you can ever imagine. I'd be concerned with 20 buy-ins if it was my sole income.
Meale, I've been following your progress, I shift to 2/5+ starting tomorrow. Good luck to you.
2 flush over flush
1 set over set
AA vs JJ
Turned set of Qs which made the other guy a straight
Bottom vs top straight
I hear what you are saying, and often you are absolutely correct. This was obviously a crazy night but as they say, there are times you will run worse than you can ever imagine. I'd be concerned with 20 buy-ins if it was my sole income.
Meale, I've been following your progress, I shift to 2/5+ starting tomorrow. Good luck to you.
I believe the AUS games have a cap on them so play pretty much the opposite to a 1/3 deep game.
I do think it's risky taking a shot with a 20bb roll but to be honest, you've got your head on straight, have a back up roll to get back on your feet and you have some work experience that will help you find more in needed.
Take the shot, you'll regret it if you don't. You clearly have the means to go back to work if it doesn't work out.
Sent from my iPhone using Tapatalk
Originally Posted by pln
... and yet I saw the guy to my left lost close to 3.5k in a deep stack 1/3 homegame ($6 rock) last night to:
Originally Posted by pln
Meale, I've been following your progress, I shift to 2/5+ starting tomorrow. Good luck to you.
I do think it's risky taking a shot with a 20bb roll but to be honest, you've got your head on straight, have a back up roll to get back on your feet and you have some work experience that will help you find more in needed.
Take the shot, you'll regret it if you don't. You clearly have the means to go back to work if it doesn't work out.
Take the shot, you'll regret it if you don't. You clearly have the means to go back to work if it doesn't work out.
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