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Originally Posted by limon
200 an hour is like 7500 a week or over 300k a year with VERY low taxes. its the equivalent of 400k a year at a square job.
if you know anyone who makes over 400k a year in a square job look at the way they live. nice home, multiple income properties and/or business investments. nice cars PAID FOR. country club membership or boat (or both), 1st class travel. wives, kids, etc.
now look at the dudes who say their making over 200/hr at commerce...apartment or weak downtown condo they share with another "baller" poker player, leased car, no travel (exept to poker tournies), no business ownership/investments...it just doesnt add up.
i think alot of you dont know many well to do squares so if you see a guy dropping 5k at a strip club u think zomg hes sooo rich he must make 200/hr in th 10-20. beleive me, actual wealthy people are on a differnet planet than "poker wealthy".
What kind of argument is this? You're comparing working stiffs to poker players, which is invalid on so many levels. First, a poker player actually has to maintain and build a bankroll. He can't go blow $80,000 after a $300,000 year on a Mercedes because he needs that $80,000 in order to keep moving up in stakes, in order to keep making more money. It takes a while to build a bankroll up to the point that you can always be ready to take on the great games when they happen to be spread. Even a 10/20 NL grinder should be substantially over-rolled for the standard 10/20 game, because there's always the possibility some random donk will sit down with $50,000 and play horribly. There's also the possibility that a 50/100 game will get spread and attract players who are unimaginably bad, so the EV-maximizing grinder has to be interested in constantly building his bankroll, to be ready for this situations. A surgeon or lawyer doesn't have this enormous expense looming over his head, and so he can spend his money in a multitude of ways not open to the prudent poker professional. A bankroll is, in fact, the biggest expense that a professional player has; it is money he can't spend, because it determines his ability to make more money in the future.
Also, considering the amount of debt the average so-called wealthy person is in, you're really fooling yourself if you think these people have their houses, cars, country club memberships, yachts, and so on paid for. It's not paid for; it's all in the form of loan, liens, mortgages, credit cards, and even more mortgages. Poker professionals are, by their very nature, outside the mainstream in many ways, one of those ways being the spending habits of the American professional class. It would be more accurate to compare the lifestyles of winning high-stakes veterans with decades, not just years, of experience to their counterparts in the working world with decades of experience. At that point, the poker players no longer have to worry about building their bankrolls (and haven't for a while), because they are over-rolled for virtually any circumstance that is likely to emerge (Andy Beal notwithstanding), and so they have been able to invest their money in other things, such as houses, nice cars, country club memberships, and whatever else.
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and ALL of these 200/hr guys have been around less than 3 years or jumped up quickly in stakes thus hiding their true winrate and accelerating their inevitable return to the rail.
So... all of the people playing in the bigger games are inevitably and invariably going to go busto? Even the guys who have run up multi-million dollar bankrolls and who consistently beat the likes of 25/50, 50/100, and 100/200 for strong win rates? It may seem unfathomable to some, but there really are people out there who don't play 10/20 anymore because they get enough action at bigger game and do well enough in them that 10/20 is a colossal waste of their time.
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final note...if there are so many guys who are killing this game and good enough/rolled enough (from their 300k a year) to jump into 100-200 why does that game not go regularly? their should be a list! in fact, during december the 20-40 wasnt even going regularly...where are all these guys?
Maybe they were visiting their families for the holidays? Beats me. All I know is that, generally speaking, there are games larger than 10/20 available, either in Vegas, LA (be it the Commerce or home games), or in some locale hosting a major tournament. Sometimes those games may take the form of PLO instead of NLHE (or a mix of the two), but for the EV-maximizing professional, this is not a problem.
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Originally Posted by duck_butter
And although Nick Rivers has some decent points about game selection, there aren't typically games going in Vegas above 10/20 on a consistent, regular basis. (at least not in the casinos).
Another guy who seems to think Las Vegas is the only place where poker is played.
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The question posed wasn't how much can you beat 10/20 for during the WSOP or hot tourney times or even when you're running good for a year. It was how much can realistically be expected to be earned over the course of an entire year (assuming reg 40 hours a week or whatever playing). And since only one year is a crappy sample size to begin with, limon pointed out using 5 years. And I'd imagine almost none of the posters replying to this thread have played 10/20 NL live as a pro for 5 years so they really can't refute limon's original point.
Actually, the question posed was "what's a good win rate playing live 10/20 NL." Check the title of the thread. In my opinion, a "good win rate" is somewhere around $200/hour, counting only those hours spent at the table. Counting all time and expenses related to poker, it's obviously going to be lower, the number I gave being about $150/hour. Anyone who can do substantially better than that is probably better off seeking out bigger games and/or playing online. Someone who has played 10/20 NL live for 5 years is probably good at poker, but not as good as someone who plays 10/20 NL live for a year, crushes it, moves up to predominately 25/50 NL for a year, crushes it, and keeps moving up and crushing year after year and, as such, someone who has actually played 10/20 NL for five years straight probably isn't strong enough to beat the game for the maximum it can be beaten. A five year veteran of a live 10/20 NL game will also see many people come and go. He will see many people run hot and then bust out. He will see people play 10/20 for a few months only to be down at 1/2 within a year. He will see dozens of people fail for every person who successfully makes the transition to higher stakes games. Such a person would, in my opinion, tend to lowball what a good win rate is, because he will be jaded by his own performance and by witnessing so many would-be pros come and go.
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There are prob almost no players who could beat the game for 200+ an hour playing 2000 hours a year for 3-5 years. Viffer maybe, but im sure he would never play that much 10/20 anyways, so its a moot point. Skinny Jimmy may have made $200/hour one year, but that's not his regular win rate.
Are you suggesting his win rate is, perhaps, even higher? Or are you implying you have inside knowledge that leads you to believe his win rate since moving up to 10/20 is lower? I would be surprised if it were. He may have run hot for a year, but he is also significantly more skilled than most of his competition, even his fellow winning regulars.