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The Micro Stakes Poker Economy The Micro Stakes Poker Economy

07-29-2014 , 01:04 PM
Quote:
Originally Posted by Exothermic
^^^ Post more nlhe zoom winrates from russian ptr plz, not all of us have access to that website & ide love to see the winners winrates for pretty much all limits. Pm me if you dont wanna post em here plz.
Hey

The guy who posted the data in the PLO thread is the one who has the access to the Russian PTR and downloaded all that data. But then he added rakeback rates, and took out the original winrates before deleting all his data, so I just tried to come up with a formula to put it back in.

Was hoping someone would have looked at the formula and said it's okay by now - but maybe no news is good news, and if anybody hasn't said there's anything wrong with it by now, that might mean it's okay?

Here's the other Zoom data that the guy with the access to the data posted, with winrates added back in using the formula I came up with that's hopefully ok:

Quote:
Originally Posted by TrustySam



Rakeback estimates the OP used:
Bronze to Gold - 19%
Bronze to Platinum - 24%
Bronze to Supernova - 27%
So for this person, where w is the winrate, and R is the rake:
1) w + 0.19R = 9.52 (Bronze to Gold)
2) w + 0.24R = 10.01 (Bronze to Platinum)
3) w + 0.27R = 10.36 (Bronze to Supernova)
Rewriting (1) gives: w = 9.52 - 0.19R
And substituting (1) into (2) gives: (9.52 - 0.19R) + 0.24R = 10.01

0.05R = 0.49
therefore R = 9.8bb/100
and w = 9.52 – 0.19(9.8) = 7.66bb/100

Check using (3):
w + 0.27R = 10.36
w = 10.36 – 0.27R
w = 10.36 – 0.27(9.8) = 7.7bb/100 <- guess this is roundoff error?







Wasn't totally sure about all the stuff the original poster of the data did to the data either - he mentioned not including FPPs for everybody, or something like that. And he also said that all the winrates were ev-adjusted - that made it sound like he used everybody's all-in EV rate? Not totally sure though - hopefully he comes back to answer questions so there'll be a chance to ask him, but if not, it's still nice to have some rough data and stuff ...

Would be interesting to have access to that Russian PTR - do people have to pay for access I wonder?
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07-29-2014 , 01:22 PM
wtf is br-pl , br sn, br sne & all those other abbreviations hahhaa, sry not in tune with what they mean.
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07-29-2014 , 03:03 PM
Quote:
Originally Posted by Lemikinge
last time i played on Stars was 3 years ago.
My main site is 888... **** rakeback system, High rake and max table limit of 6 tables but micros beatable for 10-15bb/100 due to awful players.

Cashed in a few bucks on Stars today and played a few thousand hands of NL5 fullring. What the Hell... on Average ~6 Nits/TAGs, 1 LAG, 1 Fish...

Instacashed out.

Stars is nothing compare to 888 / Party
lol exactly
but these hud loving simpletons incapable of anything resembling creative or independent thought think it's the rake hurting the game when it's themselves more than anything
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07-29-2014 , 03:04 PM
Quote:
Originally Posted by Grinding4figures
U been into poker since 2006 OP and still stuck in micros? Obv u should look urself in the mirror and ask yourself wtf am i doing?????
Hehe, indeed. There's been quite a lot of things I've been into other than poker.
I don't have a clue of what I'm doing, maybe that's why it's still fun?
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07-29-2014 , 03:07 PM
Quote:
Originally Posted by JimmyRare
Hehe, indeed. There's been quite a lot of things I've been into other than poker.
I don't have a clue of what I'm doing, maybe that's why it's still fun?
then look at it as a rare hobby that you can make some money from
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07-29-2014 , 03:09 PM
its obvious that micros dont have a voice so they rake whatever the f the want, theres desperate need for regulation.
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07-29-2014 , 03:11 PM
Quote:
Originally Posted by borg23
lol exactly
but these hud loving simpletons incapable of anything resembling creative or independent thought think it's the rake hurting the game when it's themselves more than anything
It's a bit of a double edged sword.
On the nits side, you only pay rake when you see a flop, so it might be a good idea to select your hands well.
On the other side, with so many nits, it might be more profitable to steal pots preflop, even with the increased risk of paying more rake.
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07-29-2014 , 03:15 PM
Quote:
Originally Posted by borg23
then look at it as a rare hobby that you can make some money from
It's the view I have.

But, I still think that it's too much money taken away from poker.

(I don't think those thoughts are mutually exclusive.)
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07-29-2014 , 04:57 PM
Quote:
Originally Posted by Exothermic
wtf is br-pl , br sn, br sne & all those other abbreviations hahhaa, sry not in tune with what they mean.
Oh ya, these tags ...



Guess that's one more question to ask the guy that posted the data if he ever comes back to answer questions ... so what do those mean, exactly? lol!

He gave the rakeback tag 'br-pl' the value of 19%, but I couldn't tell if that was meant to include everybody between bronze and platinum? Or if he was assuming most people by that level are going to be platinum?

Not totally sure ...


PS It's so interesting to see all these winrates all at once - am still trying to process all this new info ...

PPS Wanted to add a smiley and couldn't quite find the right one - that doesn't seem to happen very often! Guess my mind is preoccupied with mulling over all this new info, hmmm ...
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07-29-2014 , 06:53 PM
Quote:
Originally Posted by Don Melchor
its obvious that micros dont have a voice so they rake whatever the f the want, theres desperate need for regulation.
All the regulation I have heard about so far did actually cause the rake to increase not decrease.
Interesting stats BTW, thanks for sharing.
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07-29-2014 , 07:50 PM
Quote:
Originally Posted by Exothermic
wtf is br-pl , br sn, br sne & all those other abbreviations hahhaa, sry not in tune with what they mean.
Seems it's winrate adjusted for VIP level, so it tells you the WR with rakeback depending on whether player is SN, SN @ 500k VPP, or SNE
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07-30-2014 , 06:08 AM
If "rake" is rake in bb/100 then those seem very low. I paid 9.5bb/100 at 25 zoom over 350k hands.
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07-30-2014 , 08:40 AM
Quote:
Originally Posted by TheDefiniteArticle
If "rake" is rake in bb/100 then those seem very low. I paid 9.5bb/100 at 25 zoom over 350k hands.
Since it's contributed rake, the looser you play, the more likely you are to pay more rake/hand. I would guess you're not playing as tight as those in the sample.
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07-30-2014 , 02:08 PM
Quote:
Originally Posted by JimmyRare
Since it's contributed rake, the looser you play, the more likely you are to pay more rake/hand. I would guess you're not playing as tight as those in the sample.
Yeah, thats entirely consistent. Theres one guy at NL50 who has 10bb rake, hes also the biggest winner. The others I guess are ur typical PS quadrillion table nits.
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07-30-2014 , 04:45 PM
I'd stopped looking at rake this year as part of a concerted effort to try and just focus on playing well and winning but this thread, and the fact that I have been reevaluating the point of playing poker, led me to look.



I find it vaguely depressing that I have earned more for Stars at 10NL than I have for myself.



2NL less so because its so insanely value heavy but even still, paying almost $100 to play at 2NL, you have to beat that level for a nice win rate to escape.
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07-30-2014 , 10:21 PM
No one can replace the liquidity FTP brought to the onlinepokersphere. It boosted Stars/Bodog's numbers because all that cash just flooded into the scene seamlessly due to the other thing we all miss, the thing more important than the games on the felt: the ability to transfer funds amongst one another.

We've went from abundance to drought, for a myriad of reasons. It will never return, especially since the incomes in the past 5 years for the average worker has been stagnant while the costs of goods and services rises. Less disposable income = less poker cash. This is an issue notwithstanding online gaming regulations, laws, dev, investment, operations, etc.
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