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02-04-2011, 12:44 PM   #16
grinder

Join Date: Jan 2008
Location: Ireland
Posts: 454
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by max86 your calculation make absolutely no sense, especially the per 1k and 1200 hand I have played 200 with 70% rb and rakeback is about 65\$ per 1k hand. so you're telling us the rake and rakeback is bigger at 50nl on the nittiest network with less RB?
Ok i wrote that about 10mins after i woke so i will just double check my figures but trust me i have huge samples to go on.

Rake per 1k hands = £38
60%rb = £22.80 per 1k hands
100 hands =£2.28

I play 750 hands in a hour 9 tables
83 hands per table x 16 = 1300 approx

Winrate = 3bb/100 this is obviously fictional and we have to just assume that he can win at this rate.
£1.50 per 100

Ok so now we have £2.28 + £1.50 = £3.78 per 100 hands

£3.78 x13 = £49.14

Approx \$79 an hour

My first calculation is a bit off sorry about that i just confused something somewhere.

Its still a pretty sweet hourly rate at 50nl though you will admit.

02-04-2011, 06:12 PM   #17
centurion

Join Date: Dec 2010
Posts: 103
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by SUITEDACESLOL not sure if serious
I'm 100% serious.

Quote:
 Originally Posted by master3004 He means a professional cheater
Nothing we did is any more legally dubious than counting cards at blackjack.

02-04-2011, 06:49 PM   #18
veteran

Join Date: May 2010
Location: UK
Posts: 2,333
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by kk<
But sure you can only obtain a "lol sample size" for a "lol edge" doing that?

02-04-2011, 10:22 PM   #19
banned

Join Date: Jan 2011
Posts: 437
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by tipp86 Ok i wrote that about 10mins after i woke so i will just double check my figures but trust me i have huge samples to go on. Rake per 1k hands = £38 60%rb = £22.80 per 1k hands 100 hands =£2.28 I play 750 hands in a hour 9 tables 83 hands per table x 16 = 1300 approx Winrate = 3bb/100 this is obviously fictional and we have to just assume that he can win at this rate. £1.50 per 100 Ok so now we have £2.28 + £1.50 = £3.78 per 100 hands £3.78 x13 = £49.14 Approx \$79 an hour My first calculation is a bit off sorry about that i just confused something somewhere. Its still a pretty sweet hourly rate at 50nl though you will admit.
50pound nl is not 50nl, its close to what 80\$nl? rake at 50nl is a lot lower

 02-05-2011, 09:49 AM #20 grinder   Join Date: Jan 2008 Location: Ireland Posts: 454 Re: Making \$100/hr Playing On-line Low Stakes Poker No it is 50nl simple saying its \$80nl is fine but its not its 50nl and it attracts the same level of players. I understand that dollar tables are most common but its irrelevant. If i beat £50nl for \$80 a hour im still beating 50nl for that rate. Anyway its not worth arguing over really neither of us are the ones claiming to do it.
 02-05-2011, 04:18 PM #21 grinder     Join Date: Feb 2009 Location: England Posts: 652 Re: Making \$100/hr Playing On-line Low Stakes Poker tipp86 are you saying this winrate is something you could theoretically achieve, or have you already done it over a significant sample? If it is the latter, care to share any PokerTracker/HEM stats/graphs to back it up? Because I would have thought that despite what your calculations seem to show, a \$50/hr winrate at 50NL over a significant sample size is a little unusual. Perhaps I'm wrong.
02-05-2011, 07:44 PM   #22
grinder

Join Date: Jan 2008
Location: Ireland
Posts: 454
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by Acetylcholine tipp86 are you saying this winrate is something you could theoretically achieve, or have you already done it over a significant sample? If it is the latter, care to share any PokerTracker/HEM stats/graphs to back it up? Because I would have thought that despite what your calculations seem to show, a \$50/hr winrate at 50NL over a significant sample size is a little unusual. Perhaps I'm wrong.
Jesus NO i thought i stated that enough times for people to understand.

But if you want my thoughts on how achievable what i wrote was i think i could give a could accurate explanation.

My win rate last year was about 2bb/100 but it took a massive down swing in Jan so im at about 1bb/100 winrate now. Ok my 2bb/100 was over a 300k sample so its not a bad sample il work with that for the moment as there is a decent few guys on ipoker who are 50nl regs wiith that winrate.

I personally 9 tabled so that worked out at about £23 an hour 9 tabling with a 2bb/100 winrate. Thats \$37 an hour and trust me im not very good i wont claim to be.

I could not 16 table but there is guys who can and im pretty sure some can do it at least break even. That is £30 per hour which is nearly \$50. Im sure there is some guys who are very good and can win playing tha many tables so it may be realistic but anyone who can will just move up levels and move down tables or whatever.

If you find any flaws in my theory il try answer them. Im not saying i could achieve anything but i think it can be achieved and would have good facts to prove it.

 02-06-2011, 12:00 AM #23 stranger   Join Date: Jan 2011 Location: New Jersey Posts: 14 Re: Making \$100/hr Playing On-line Low Stakes Poker The article is ridiculous obviously but from reading this thread I am pretty surprised at how much one can make only playing 50NL, it's a good amount for sure.
 02-06-2011, 12:32 AM #24 enthusiast   Join Date: Jan 2011 Location: merging my posting range Posts: 53 Re: Making \$100/hr Playing On-line Low Stakes Poker i thought this was implausible too but then i read this book called 'the secret' and everything became so clear to me.
 02-06-2011, 08:56 AM #25 journeyman   Join Date: Jun 2010 Posts: 266 Re: Making \$100/hr Playing On-line Low Stakes Poker nice thread. I love constructed critisicm
02-06-2011, 12:48 PM   #26
grinder

Join Date: Feb 2009
Location: England
Posts: 652
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by tipp86 Jesus NO i thought i stated that enough times for people to understand. But if you want my thoughts on how achievable what i wrote was i think i could give a could accurate explanation. My win rate last year was about 2bb/100 but it took a massive down swing in Jan so im at about 1bb/100 winrate now. Ok my 2bb/100 was over a 300k sample so its not a bad sample il work with that for the moment as there is a decent few guys on ipoker who are 50nl regs wiith that winrate. I personally 9 tabled so that worked out at about £23 an hour 9 tabling with a 2bb/100 winrate. Thats \$37 an hour and trust me im not very good i wont claim to be. I could not 16 table but there is guys who can and im pretty sure some can do it at least break even. That is £30 per hour which is nearly \$50. Im sure there is some guys who are very good and can win playing tha many tables so it may be realistic but anyone who can will just move up levels and move down tables or whatever. If you find any flaws in my theory il try answer them. Im not saying i could achieve anything but i think it can be achieved and would have good facts to prove it.
Thanks for responding.

Yeah I did notice just after I posted that you said you're not claiming to have achieved 50\$/hr at 50NL, but thought I'd leave my post unedited anyway to get some more clarification.

You seem to have clarified your points pretty well, so good job on that winrate I guess.

Makes me think I really need to get used to playing more tables because my 50NL WR was pitiful in comparison despite having an OK ptbb/100.

02-06-2011, 04:31 PM   #27
centurion

Join Date: Dec 2010
Posts: 103
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by WAtR But sure you can only obtain a "lol sample size" for a "lol edge" doing that?
He wouldn't even consider a bet unless a few different variables were all over 5 standard deviations from normal over at least several thousand spins.

 02-06-2011, 11:25 PM #28 grinder     Join Date: Dec 2010 Posts: 449 Re: Making \$100/hr Playing On-line Low Stakes Poker I'd be shocked if many achieve more than \$50/hr over a 100k sample at these stakes
02-07-2011, 10:51 AM   #29
Revisionist Historian

Join Date: Mar 2010
Location: Undrafted in Great 2012 WW draft!
Posts: 19,248
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by kk<
Wrong, playing on a wheel that is out of sorts is illegal. Card counting is not. Yes it is the casinos responsibility to make sure their wheels are balanced, but taking advantage of an unbalance wheel is a pretty blatant form of cheating.

02-07-2011, 03:45 PM   #30
centurion

Join Date: Dec 2010
Posts: 103
Re: Making \$100/hr Playing On-line Low Stakes Poker

Quote:
 Originally Posted by master3004 Wrong, playing on a wheel that is out of sorts is illegal. Card counting is not. Yes it is the casinos responsibility to make sure their wheels are balanced, but taking advantage of an unbalance wheel is a pretty blatant form of cheating.
Not according to the laws in the states and countries we were in. You may find it repulsive but what we cared about was our ability to legally defend ourselves if the casinos decided try to take that angle. I said it was no more legally dubious than card counting, not ethically dubious. (Although to be honest, I don't consider it cheating.)

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