Quote:
Originally Posted by Pret_Lisperoony
The 35k night I did run good. But I make a lot compared to what I read about online, and compared to what people describe.
As for de size of the games. I am not talking about dollars, so yeah, the games aren't as large as it sounds. I wrote whilst tired, so I didn't think about that. 35k in my local currency corresponds to 6.000 USD. Normally the game size is roughly 900 USD in buyin. That evening it was a bit smaller. Here, the games go:
10/10
10/20
25/50
etc. The largest games I play are 25/50, with a buy in of roughly 2k USD. In those games I make less than I do in the smaller games. I prefer the 10/20. The casino that offers the larger games (also above 25/50 of course) lies in a larger city, and the players are more skillfull. So in those games I only make 1/5 to (tops) 1/2 buyin/2 hours. Also, I don't like risking that kind of money, since I am underrolled for those games.
And yes, the goal is to make money. I have a really awesome venue with really nice people, and I honestly think it is a better investment to put myself in other peoples' shoes and show some goodwill, than acting like a prick. For instance, after paying back 3k to the guy, he had still donated 7k for me - that is my budget (rent + food and everything) for a month. By showing some goodwill and commeradery, he still enjoys to play against me. And I would rather know that he doesn't end up 100% broke (since that sucks) than knowing that I busted his budget. Also, it makes for a nice atmosphere and I can enjoy fun and lucrative games with him in the future. So that is how I approach the game. I don't see any problem with that.
If you have a tiny player pool it might be +EV to make slightly losing plays to keep the fish happy to keep playing with you. Dumping 3k though is crazy. Nothing wrong with that if you're playing for fun, but no pro can afford to do this kind of thing regularly, even if it feels good to do it. Poker wins follow the 80/20 rule pretty closely, which means roughly 80% of your winnings come from 20% of your sessions. On the rare occasions you run insanely good, you can't afford to give that money away because there will be times you run insanely bad. Professional poker is pretty cutthroat. You can't really afford to be thinking about whether the guy you stacked is a degenerate who just lost his paycheck.
Quote:
Originally Posted by Pret_Lisperoony
Anyways, yes, you are all correct. The donklevel at the venue is high. And I wrote "shark". My point is that people that position themselves have a wrong attitude, and sometimes they are just egobloated donkeys. The guy that used to position on me stopped. And he is a reg that earns money on poker (mainly tournies - and they are soft too). Sharkness is relative. It took less to be a shark in 2003-4 than it takes now on a large pokersite. And it takes more to be a shark in Vegas on a dry tuesday, than it takes being a "live" shark in a dump somewhere in Europe, where you play the same old donkey-degens day in and day out at pretty low stakes.
Hmm...I'd be careful about intentionally letting regs get position on you. Even if they're not that great, position is such a huge advantage you don't want to be in that spot if you can help it. Also, these players aren't necessarily moving to your left because they view you as bad. It's also advantageous to be on the left of anyone with a big stack or any aggressive player, including good players, so you don't have to act like a fish to get regs to sit on your left, if that's what you want.
Quote:
Originally Posted by Pret_Lisperoony
Get of your high horses, geez. Was just making conversation. And my advice still stands. Live players are prone to act in conflict with what they preach. The only law that always holds is that a degen can't resist temptation. Employ it wisely, maybe you will find that your "GTO" (stfu, haha, as if!) style becomes a lot more profitable, when you admit that your GTO opponent rarely achieve inner zen and follows through in the heat of the battle.
I didn't say anything about GTO play. I just don't think you'll find any decent player here who thinks playing random hands OOP against regs is a winning formula, even if they're "sharks" rather than legit sharks. You want the opposite in fact. The three biggest things that determine your edge vs. another player are
1) positional advantage
2) hand range advantage
3) skill advantage
If you're intentionally playing OOP a lot, you're giving the other players positional advantage. If you're playing random hands, you're giving the other players a hand range advantage. And if you're targeting sharks, you're decreasing or even inverting your skill advantage compared to targeting fish. It just seems like a recipe for disaster.
Generally you want at least 2/3 of these advantages to be true to play a hand (sometimes 1/3 is okay, like playing KK+ OOP against tough players is still +EV). Ideally you want to play in position as much as possible, with strong hands, and against weak players. You can play OOP, but you want to do this with strong hands. You can play weak hands (I don't know about random, but probably up to 50% or sometimes more) if you have position, particularly against weak players. And you can play tough players, but you want a strong hand range advantage and a positional advantage when doing so.
Agree live players will sometimes act differently than they should.
Quote:
Originally Posted by Pret_Lisperoony
Edit:
Maybe I misread your tone. I might see what you are getting at. I usually cut my winrate in half when I discuss it with others, since I discount certain run-good evenings. As for the time I have spend playing. I have been making a buck (never had a down month there) for over a year, playing roughly 3-7 hours a night for the first 9 days of the month and the last 9 days. So 18 evenings. So, well, around 30k hands I think. But yeah, might also have been running good. I play 200nlh online succesfully, but suck at, say, 10nlh. I can make money on dryspells at 200 but have little tools at the lower levels and get impatient after a while. And my focus is poor when I table more than 3 games at a time. So I become a super spewy fish if I try to grind microstakes.
I guess I came across as a little snarky, but honestly I'm just trying to point out what you are doing is probably going to lose you money long term, even if it seems to be working up to this point. I have no hostile intent. So you have about 30k hands. This is a relatively small sample size, and considering you had at least one insanely rungood night, and no losing months, I wouldn't conclude much at all based on your results. You're probably winning, but other than that, who knows? 30k hands is roughly 1000 hours of play. Running up 35BI in one night is the equivalent of a really good player's (say 10BB/hr winner) expectation over 350 hours. And if you're a decent but not exceptional player your winrate might be more like 5BB/hour, and in that case 35BI in one night is equivalent to 700 hours of play. And if you're a slightly winning player like 2.5BB/hr, 35BI in one night is equivalent to 1400 hours of play. So you can see how just one night of running extremely good can drastically influence your results over 1000 hours.
I do agree it's a good idea to contribute positively to the culture at your venues, as you put it, and so in this sense bumhunting might be a bad long-term move, particularly in small player pools, but LordRiverRat is playing in Vegas where there's a huge player pool, so there's not much downside to him bumhunting IMO, aside from some people seeing it as a bit scummy.