Starting with $5, it's hard not to go bust.

I'm still going with the $2 that PStars gave me a couple of months ago (plus a little assist from SHANOOBIGANS). I'm currently bouncing between $6-$10. Variance is a b*tch with a BR this low, but I will fess-up if I go busto and have to deposit.

Raze, thanks a bunch for the direct link to the archieves page of LSD blog.

I literally just sat down and am already 4 or 5 months through it, truly enjoying it!

I'm not computer savy at all... Most of the time, when I bring up the pages, I can't get any of the graphs to load. I've tried refreshing the page a million times on both mozilla and internet explorer. No luck. It's really annoying. Does anyone else have this problem? and/or know about computers and how to fix it?

Thanks

Hey man, great post. Just a quick query about the rake examples below.

"I played 40,507 hands of $3/$6 6max limit at Party Poker – my winrate was 2.51 big bets per 100 hands. I paid rake at a rate of 2.19 big bets per 100 hands; therefore, my winrate before rake was 4.7bb/100. As you can see, I paid back almost half my winnings in rake. Seems like a lot, right?

I played 59,375 hands of $5/$10 at the same site. My winrate was 0.24 bb/100 (and the games weren’t all that much harder… isn’t variance great?) I earned $1,450.14 in this stretch, and I paid $11,699.00 in rake. Yes, that’s right. I paid rake at a rate of about 1.94bb/100; therefore my winrate before rake was 2.18bb/100. In this case, as a marginal winner, I was actually paying back 89% of my winnings to the rake!!!"

I'm just starting to research this kind of thing with a view to starting playing online - Am I missing something startling obvious, or is the rake yo pay just a percentage of your winnings? You said earlier that rake is usually between 5% and 10% of each pot won, so how on earth can these examples where you pay 50% rake and then 89% rake make any sense?!?!?

Sorry if I've missed something stupidly obvious!

Castlemann

wow....brilliant

Was that "wow....brilliant" aimed at the excellent thread, or at the fact that I did miss something stupidly obvious?

Awesome, I was having the same problems. Thanks a lot.

So my winrate was actually 0.24bb/100, right? But if I look at my rake paid over that period (1.94bb/100), we can see that the rake is simply enormous in proportion to my winrate. The 89% figure is just the proportion of the rake rate to my winrate.

Now, I play $5/10NL, where the rake is still $3/hand but I can regularly win $500, $1000 or $2000 pots instead of $80 to $100 pots back at $5/10 limit. I can achieve a much higher winrate in proportion to the $3/hand rake, so the rake has less impact on my winrate... probably less than 10%. I still have rakeback, of course....

this was an amazing read. thank you!

Thank you for taking the time and effort you put into this. simply amazing!

thx

and another big thank you

respect due

Very helpful stuff thanks!

Excellent post! Thanks for sharing!

nice post

I would say this is a true Pooh-bah post!

Nice Post

Great post was looking around the site for some good begginer resources and your list has really helped thus far good lookin out

good post, good indeed. motivational and realistic.

Great information, thankyou!

bump

why bump 5 year old thread?

I have been on 2+2 a while and JUST read this. Should have read it earlier LOL

holy hell it's been a long time

as per my post in the LC thread, there is a forum upgrade and bumping ensures excellent threads like this are migrated across instead of archiving. well im assuming thats why this was bumped