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Winrates, bankrolls, and finances Winrates, bankrolls, and finances
View Poll Results: What is your Win Rate in terms of BB per Housr
Less than 0 (losing)
5 6.41%
0-2.5
0 0%
2.5-5
6 7.69%
5-7.5
8 10.26%
7.5-10
15 19.23%
10+
26 33.33%
Not enough sample size/I don't know
18 23.08%

01-12-2016 , 02:49 PM
Ya, and also WR is most commonly used to compare to an hourly wage, and yet it has very little similarity.

Your hourly wage is determined by your boss for what he thinks of your work is worth. It is also relatively stable and mostly go up if you put in sufficient hours. It is also a constant; if you show up for work, you get paid.

None of that applies to what a WR represents.

IMO, WR is better compared to your mile time. If you work hard everyday and don't slack off, your mile time improves. If you eat healthy, drink sufficient fluid, get enough sleep, your mile time improves.

If you quit running for a while, the number gets worse. If you have an injury, number gets worse. If you decided to eat bunch of wings during football season, start to slack off, doing some other crap, etc..., your number gets worse.

And when you hit certain mile time, you cannot improve on it anymore.

Lastly and most importantly, nobody gives a **** about your mile time, only you do.
Winrates, bankrolls, and finances Quote
01-12-2016 , 03:34 PM
I started playing live cash here in the UK in March 2015, i would say i was a break even to losing player back then , 2 of my friends took me under their wing and began coaching me .

I started playing 1/2 with the goal of having a +Ł15k year which would be very good for me just starting out playing cash, i ended the year + Ł10,000,00 which was ok for my first year playing live cash, i also had a job beside this at a casino so was a nice little extra earner.

My goal for 2016 is to finish the year at least +Ł30,000,00 playing 1/2 2/5 + 5/5 it will mostly be 1/2 though as you struggle to get bigger games around here.

So far this year

7 Sessions
7 Wins

+Ł4,2560,00

LETS GO!
Winrates, bankrolls, and finances Quote
01-12-2016 , 03:54 PM
Quote:
Originally Posted by TheBritishLion
So far this year

7 Sessions
7 Wins

+Ł4,2560,00

LETS GO!
Damn, you moved up really fast
Winrates, bankrolls, and finances Quote
01-12-2016 , 04:02 PM
Probably gonna take another shot at 10/10 tonight. Hoping it goes better than my last foray. *please please pretty please run good tonight*
Winrates, bankrolls, and finances Quote
01-12-2016 , 04:08 PM
Quote:
Originally Posted by johnnyBuz
Probably gonna take another shot at 10/10 tonight. Hoping it goes better than my last foray. *please please pretty please run good tonight*
Good luck!

How much money do you bring to a 10/10 game? Lol, I usually bring $2000 to my 1/3 NL game just so I'm never in any danger of having to leave. Is it quite the mind **** to bring whatever you're bringing to this game?

Gclueless10/10NLnoobG
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:01 PM
Quote:
Originally Posted by johnnyBuz
Probably gonna take another shot at 10/10 tonight. Hoping it goes better than my last foray. *please please pretty please run good tonight*
Imo, this shows the wrong mind set on several levels. You might want to rethink about how you are going about taking shots.

You should really be waiting for a good game with relatively low downside risk when playing above your normal stakes. You also sound a bit desperate to run good, which is a disaster waiting to happen. I know that you know these things, but sometimes we get wrapped up in what we are doing and forget some basic truths.
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:05 PM
Quote:
Originally Posted by Richard Parker
Ya, and also WR is most commonly used to compare to an hourly wage, and yet it has very little similarity.

Your hourly wage is determined by your boss for what he thinks of your work is worth. It is also relatively stable and mostly go up if you put in sufficient hours. It is also a constant; if you show up for work, you get paid.

None of that applies to what a WR represents.

IMO, WR is better compared to your mile time. If you work hard everyday and don't slack off, your mile time improves. If you eat healthy, drink sufficient fluid, get enough sleep, your mile time improves.

If you quit running for a while, the number gets worse. If you have an injury, number gets worse. If you decided to eat bunch of wings during football season, start to slack off, doing some other crap, etc..., your number gets worse.

And when you hit certain mile time, you cannot improve on it anymore.

Lastly and most importantly, nobody gives a **** about your mile time, only you do.
Surely, if you were gambling on your future mile time, it would useful to know what your peers' mile times are so that you can gauge what is possible and probable for you. It isn't perfect, of course, but it's what we have. (In poker, we are gambling our time and effort for an expected monetary outcome.)
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:20 PM
Quote:
Originally Posted by Richard Parker
Ya, and also WR is most commonly used to compare to an hourly wage, and yet it has very little similarity.

Your hourly wage is determined by your boss for what he thinks of your work is worth. It is also relatively stable and mostly go up if you put in sufficient hours. It is also a constant; if you show up for work, you get paid.

None of that applies to what a WR represents.

IMO, WR is better compared to your mile time. If you work hard everyday and don't slack off, your mile time improves. If you eat healthy, drink sufficient fluid, get enough sleep, your mile time improves.

If you quit running for a while, the number gets worse. If you have an injury, number gets worse. If you decided to eat bunch of wings during football season, start to slack off, doing some other crap, etc..., your number gets worse.

And when you hit certain mile time, you cannot improve on it anymore.

Lastly and most importantly, nobody gives a **** about your mile time, only you do.
The other milers will pretend to care until they can tell me about their mile time.
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:41 PM
Surely the guy running 4 minute mile isn't going to tell you his training and diet regiments, and knowing 4 minute mile is possible doesn't really mean anything...
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:49 PM
Quote:
Originally Posted by t_roy
You should really be waiting for a good game with relatively low downside risk when playing above your normal stakes.
+1, good suggestion, imo

Maybe instead of heading to the casino saying "I'm planning on playing 10/10 tonight", append "*if* the game looks good"?

GgoodluckG
Winrates, bankrolls, and finances Quote
01-12-2016 , 05:52 PM
I wonder if Johnny is playing 10/10 to be like Mike McDermott sitting in a game with Johnny Chan so that he can convince himself that playing poker full-time is the right thing to do.
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:00 PM
Quote:
Originally Posted by Richard Parker
Surely the guy running 4 minute mile isn't going to tell you his training and diet regiments, and knowing 4 minute mile is possible doesn't really mean anything...
What We Mortals Can Learn From the 4-Minute Mile
Written by Matt Frazier
The experts said it couldn’t be done
According to legend, experts said for years that the human body was simply not capable of a 4-minute mile. It wasn’t just dangerous; it was impossible.

Further legends hold that people had tried for over a thousand years to break the barrier, even tying bulls behind them to increase the incentive to do the impossible.

In the 1940’s, the mile record was pushed to 4:01, where it stood for nine years, as runners struggled with the idea that, just maybe, the experts had it right. Perhaps the human body had reached its limit.

The breakthrough
On May 6, 1954, Roger Bannister broke the 4-minute barrier, running the distance in 3:59.4. As part of his training, he relentlessly visualized the achievement in order to create a sense of certainty in his mind and body.

Barely a year after Bannister’s accomplishment, someone else ran a mile in under 4 minutes. Then some more runners did. Now, it’s almost routine. Even strong high-schoolers today run 4-minute miles. [Note: this used to say “24 people broke the 4-minute mark within a year of Bannister. This is wrong; see the comments.]

What does this mean for us?
I don’t know about you, but for me, a 4-minute mile is probably not in the cards. (5 minutes? Maybe one day.) That’s not the point. The point is this: It took a sense of extreme certainty for Roger Bannister to do what was considered un-doable. He alone was able to create that certainty in himself without seeing any proof that it could be done.

But once he crashed through that barrier, the rest of the world saw that it was possible, and the previous record that had stood for nine years was broken routinely.

- See more at: http://www.nomeatathlete.com/4-minut....vV8eL2Y2.dpuf
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:14 PM
Quote:
Originally Posted by t_roy
Imo, this shows the wrong mind set on several levels. You might want to rethink about how you are going about taking shots.

You should really be waiting for a good game with relatively low downside risk when playing above your normal stakes. You also sound a bit desperate to run good, which is a disaster waiting to happen. I know that you know these things, but sometimes we get wrapped up in what we are doing and forget some basic truths.
lol what dude? I'm playing 10/10 tonight because the game will be good and my throwaway comment about running good was in jest because the last time I played 10/10 I lost 200 BB's in an hour losing two flips.

But thanks for your concern.
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:15 PM
Ok, but if you're running 10 minute mile, does it matter that 4 minute mile is possible?
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:16 PM
Quote:
Originally Posted by johnnyBuz
I'm playing 10/10 tonight because the game will be good
It's a set lineup?

GI'mguessingthat'stheonlywayyoucanknowbeforehand?G
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:21 PM
Quote:
Originally Posted by gobbledygeek
It's a set lineup?

GI'mguessingthat'stheonlywayyoucanknowbeforehand?G
No, but I've been observing the game for weeks, there will be multiple tables going (3-4) in addition to a 10/25 NL game and some big PLO games meaning the talent pool should be diluted and likely filled with other shot takers and losing 2/5 players.
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:22 PM
Feel like I am reading this:

Quote:
Mike McDermott: You told me a lot of things
Joey Knish: Yeah I did, and you don't listen, I tell you to play within your means, you risk your whole bank roll, I tell you not to over extend yourself, to rebuild, so you don't have to hock for more, I was giving you a living, showing you the playbook I put together off my beats and that wasn't enough for you
Mike McDermott: This is the one time I don't need you to tell me how I ****ed up, I know I ****ed up, what I need from you is money, I need whatever money you can give me
Joey Knish: That's the thing, this time there is no money, I give you two grand what's that buy you? A day? No I give it to you I'm wasting it
Mike McDermott: That's ****ing great
Joey Knish: You did it to yourself, you had to put it all on the line for some Vegas pipe dream
Winrates, bankrolls, and finances Quote
01-12-2016 , 06:59 PM
Quote:
Originally Posted by johnnyBuz
No, but I've been observing the game for weeks, there will be multiple tables going (3-4) in addition to a 10/25 NL game and some big PLO games meaning the talent pool should be diluted and likely filled with other shot takers and losing 2/5 players.
Wow, 3-4 10/10 games?!?!

GyouliveinadifferentpokeruniversethanIdo,I'mjellyG
Winrates, bankrolls, and finances Quote
01-12-2016 , 07:12 PM
Good luck JohnnyB!

I played some $5/$10 on the weekend in a soft lineup. For me, the key is to not level myself at bigger stakes. Fish were the same except with deeper pockets.
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:01 PM
Quote:
Originally Posted by gobbledygeek
Wow, 3-4 10/10 games?!?!

GyouliveinadifferentpokeruniversethanIdo,I'mjellyG
Currently there are (4) 10/10 NL running, (1) 10/10 PLO and there is a wait list for 10/10, 10/20, and 10/25 NL of 9 people each. It's probably a good night for a 10/10 shot

Just gotta move to Philly bud...
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:23 PM
But then you'd have to live in Philly
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:25 PM
Quote:
Originally Posted by Bluegrassplayer
But then you'd have to live in Philly
I knew there had to be a catch!
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:28 PM
Here are my results over a 2K hour sample. Posting this because I am starting a new job that will really impact my ability to play poker much and I think spending 2000 hours doing something is an achievement and I wanted a record of it somewhere.

Background: After playing online mainly 6max mid-high stakes 2007-2010 I took a 3 year break from poker. Came into the casino at the end of 2013 to play live for the first time and got destroyed for the first few months as the games were so different to what I was used to. Started keeping records of every session in late January 2014.

All games have an absurd 10% rake upto $10 + a $5 per hour time charge.
But no tipping.

1/2 NL:




Moved up to 3/3NL:


Took a break for 8 months to work on a business venture that did not go well. Came back with only 1500 playing bankroll and extremely rusty. What made things worse is the casino got rid of 1/2NL and it was replaced by 2/3.
Playing so under rolled affected my results for sure as I was playing to scared money a lot of the time. I was lucky not to bust and the stress of playing so underolled especially when you are relying on winnings to build a bankroll/spare income is awful.
I did not have another job at this time so I think I did 1K hours in under 3 months which is also not recommended.

Results 2/3 game:




Results omaha mostly 1/3, again was never properly rolled for this game which affected my play:


overall graph, the flatline in the middle was when I took the long break:


overall stats:


Unfortunately I did not get to test myself more then 60 hours at stakes higher then 3/3 as other things always came up before I could build a big enough bankroll.

I never had worse then a 10 buyin downswing but 2-2500 downswings in the 2/3 game over a period of 3-4 sessions were relatively common.
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:32 PM
Nice results! Thanks for posting.
Winrates, bankrolls, and finances Quote
01-12-2016 , 08:35 PM
Quote:
Originally Posted by Leobzook
Here are my results over a 2K hour sample. Posting this because I am starting a new job that will really impact my ability to play poker much and I think spending 2000 hours doing something is an achievement and I wanted a record of it somewhere.

Background: After playing online mainly 6max mid-high stakes 2007-2010 I took a 3 year break from poker. Came into the casino at the end of 2013 to play live for the first time and got destroyed for the first few months as the games were so different to what I was used to. Started keeping records of every session in late January 2014.

All games have an absurd 10% rake upto $10 + a $5 per hour time charge.
But no tipping.

1/2 NL:




Moved up to 3/3NL:


Took a break for 8 months to work on a business venture that did not go well. Came back with only 1500 playing bankroll and extremely rusty. What made things worse is the casino got rid of 1/2NL and it was replaced by 2/3.
Playing so under rolled affected my results for sure as I was playing to scared money a lot of the time. I was lucky not to bust and the stress of playing so underolled especially when you are relying on winnings to build a bankroll/spare income is awful.
I did not have another job at this time so I think I did 1K hours in under 3 months which is also not recommended.

Results 2/3 game:




Results omaha mostly 1/3, again was never properly rolled for this game which affected my play:


overall graph, the flatline in the middle was when I took the long break:


overall stats:


Unfortunately I did not get to test myself more then 60 hours at stakes higher then 3/3 as other things always came up before I could build a big enough bankroll.

I never had worse then a 10 buyin downswing but 2-2500 downswings in the 2/3 game over a period of 3-4 sessions were relatively common.

Is this at The Star in Sydney by any chance?
Winrates, bankrolls, and finances Quote

      
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