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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%

03-07-2016 , 09:03 PM
Kind of a weird twist to be speaking from your point of view and then switching to what most people do in your opinion...
Winrates, bankrolls, and finances Quote
03-07-2016 , 09:13 PM
No assuming- there was a study in the us showing how many people over the age of 35? (If I recall correctly) that had any life savings. They found that number to be shockingly tiny.
Winrates, bankrolls, and finances Quote
03-07-2016 , 09:21 PM
I am so confused now...
Winrates, bankrolls, and finances Quote
03-07-2016 , 09:28 PM
Might be this: http://money.cnn.com/2011/08/10/pf/emergency_fund/

The exact numbers change, but the same study conclusions come up all the time. It's a weird question to read as a poker player since 3-4 days a week I probably have $1k in my pocket.
Winrates, bankrolls, and finances Quote
03-07-2016 , 10:10 PM
Quote:
Originally Posted by Siculamente
No assuming- there was a study in the us showing how many people over the age of 35? (If I recall correctly) that had any life savings. They found that number to be shockingly tiny.

Ya, so why wouldn't you try to make more money even if you and your SO have good paying jobs?
Winrates, bankrolls, and finances Quote
03-07-2016 , 11:28 PM
Without ability to quote, it can be kind of confusing.

Discussion started like this:

Quote:
Originally Posted by Siculamente
I probably misunderstood. If both people in a relationship have great paying jobs then why would one want to play live low stakes for the money?
Quote:
Originally Posted by Richard Parker
Why not?

Money is still money.
Quote:
Originally Posted by Siculamente
If my SO and I both had awesome jobs then I wouldn't play poker with any regularity. I'd rather spend my time doing something else besides chasing more money to buy crap I don't really need.

But take what I have to say with a grain of salt. I'm burnt out. A few million hands of online poker + live will do that to a person. You see / experience some pretty crazy variance which, at the end of the day really isn't worth dealing with / the stress imo if a person makes good gains outside of poker.
Quote:
Originally Posted by t_roy
Money has much better uses than buying crap. Sounds like you have a spending problem.
Quote:
Originally Posted by Siculamente
No, I don't. And I don't have a problem with spending money on stupid crap- but people generally do - that's why they constantly chase more money thinking it will fix things. We live a fairly minimalist lifestyle which makes us happy.

Past a certain point yes- it does mean being able to buy stuff people don't really need (or even want).

It will be interesting to see if my tune changes once this run bad finally ends, but I don't think my mindset will change.

Mike- lived / travelled all over the world on and off for 4-5 years. I've had my fill
Quote:
Originally Posted by Siculamente
No assuming- there was a study in the us showing how many people over the age of 35? (If I recall correctly) that had any life savings. They found that number to be shockingly tiny.
Quote:
Originally Posted by Richard Parker
Ya, so why wouldn't you try to make more money even if you and your SO have good paying jobs?
Winrates, bankrolls, and finances Quote
03-07-2016 , 11:35 PM
The problem isn't that people don't make enough- it's that they just spend too much on overpriced products / things they don't actually need.

There's quite a few books and even some TED talks on the subject. It's pretty fascinating.

More or less they say people catch the consumerism bug and overspend on just about everything you can think of: Homes, food, cars, vacations, clothing, phones, hair cuts etc etc.

Keeping up with the joneses. They do it because they've been told to. An empty promise so to speak, they buy these overpriced things because they think it will make them happy but it ultimately stresses them out even more. It's a viscous cycle.

I'm not doing it any justice though. Check out the TED videos for starters.

/end derail
Winrates, bankrolls, and finances Quote
03-07-2016 , 11:43 PM
You totally lost me.

I thought the discussion was:

Quote:
Originally Posted by Siculamente
I probably misunderstood. If both people in a relationship have great paying jobs then why would one want to play live low stakes for the money?
How did we get to people buy things they don't need and TED videos?

You can have great paying jobs and play poker to make even more money WITHOUT buying things you don't need...

So you can save money and not be 35 and have no real savings...
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:00 AM
Quote:
Originally Posted by feel wrath
this seems to be a mindset issue - don't you enjoy poker as well, both the playing and also the thinking?



I certainly do - I look forward to it, I think about it, read about it and write notes etcc and occasionally dream about it. Doing poker just for the money would scare the crap out of me, because it would become a grind that I resented instead of relished. Of course, the money I win is also cool and I'm not sure I would play it longer term if I didn't win money/was a long term loser but winning money is only one part of the equation/value proposition

I play solely for money nowadays
I don't actually enjoy poker as much anymore, mainly because I had to rely on it as my only source of income for too long.
Winrates, bankrolls, and finances Quote
03-08-2016 , 09:51 AM
Casino giving away money to players who play the most hours every week.

Do I count that in my win rate? Sure this has been discussed before. I mean, I have to play the hours to get the bonus. Not like a high hand or bad beat that is based on luck.

My gut says this counts and HH and BB do not.
Winrates, bankrolls, and finances Quote
03-08-2016 , 09:56 AM
Quote:
Originally Posted by ibelieveyouoweme$80k
Casino giving away money to players who play the most hours every week.

Do I count that in my win rate? Sure this has been discussed before. I mean, I have to play the hours to get the bonus. Not like a high hand or bad beat that is based on luck.

My gut says this counts and HH and BB do not.
It's essentially rakeback. Online players count that I believe
Winrates, bankrolls, and finances Quote
03-08-2016 , 10:34 AM
I don't count it inly online winrate but I think I could probably set it up to do it.


I don't see why you can't keep two totals. One WR without to k ow how you're actually doing in the game itself and one with it to see how you're doing with your time commitment.
Winrates, bankrolls, and finances Quote
03-08-2016 , 11:18 AM
Does it really even matter?
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:10 PM
Quote:
Originally Posted by bwslim69
Does it really even matter?
well I think we should prolly have everyone weigh in...and debate this issue for multiple pages as it is paramount in determining blah blah blah blah wall of text no i am smarter no u I was testing to see just how stoopid u are...etc etc
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:30 PM
Quote:
Originally Posted by bwslim69
Does it really even matter?
For rec players, the only reason to keep track of our winrate is to *try* to get a handle on how we stack up regarding our poker playing abilities. Sorta like keeping track of wins/losses/goals/points/GAA/etc. in a rec sports league.

So I definitely wouldn't include any bonuses / BBJs / etc. in my winrate calculation.

ETA: @Chippy, why do you keep track of your winrate? Is it partly to attempt to figure out your expected income in the future? If so, including random lottery-like winning (especially big once-in-a-lifetime ones like BBJs) will totally distort your future expectation.

Gotherwise,whocaresG

Last edited by gobbledygeek; 03-08-2016 at 12:38 PM.
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:37 PM
Quote:
Originally Posted by gobbledygeek
For rec players, the only reason to keep track of our winrate is to *try* to get a handle on how we stack up regarding our poker playing abilities. Sorta like keeping track of wins/losses/goals/points/GAA/etc. in a rec sports league.

So I definitely wouldn't include any bonuses / BBJs / etc. in my winrate calculation.

Gotherwise,whocaresG
right but if you are winning at say 5bb/hr without including it...now you add in this rakeback and you are winning 5.5bb/hr or w/e it works out to be. Who gives a ****?

It's all just mental masturbation
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:40 PM
that's the point. If your goal is to see how well you compete, then don't include it. If $/hr is your main goal then include.
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:49 PM
Quote:
Originally Posted by bwslim69
right but if you are winning at say 5bb/hr without including it...now you add in this rakeback and you are winning 5.5bb/hr or w/e it works out to be. Who gives a ****?

It's all just mental masturbation
Oh I see what you mean: the difference between ex. 5bb/hr and 5.5bb/hr is pretty much worthless? I get that. But sometimes the difference can be huge (ex. I'm either a 0.48 BB/hr winner at 2/4 Limit or a 6.26 BB/hr winner).

Ginthisthread,slimknocksmasturbationG
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:54 PM
Super easy to use common sense here lol. Non-promo WR is for future expectation and WR w/ promo is for past results. If you want to tell yourself you make more in-game than you actually do, have at it. It's not like it's super difficult to calculate both and analyze the difference.
Winrates, bankrolls, and finances Quote
03-08-2016 , 12:55 PM
WR is like how much you can bench in high school...
Winrates, bankrolls, and finances Quote
03-08-2016 , 01:08 PM
Quote:
Originally Posted by Mr Sandbag
Super easy to use common sense here lol. Non-promo WR is for future expectation and WR w/ promo is for past results. If you want to tell yourself you make more in-game than you actually do, have at it. It's not like it's super difficult to calculate both and analyze the difference.
If it's a regular promo like HH or Aces cracked or a SF/royal bonus, etc. then it should be included to reflect future expectation. It is part of your EV from playing poker.
Winrates, bankrolls, and finances Quote
03-08-2016 , 01:16 PM
Quote:
Originally Posted by Richard Parker
WR is like how much you can bench in high school...

Except my WR much higher than my bench press
Winrates, bankrolls, and finances Quote
03-08-2016 , 01:17 PM
Most apps have a place to make bankroll entries with a note or catagory. It goes there with "promo" IMO. Alternatively create a special game or location that can be filtered out. But otherwise.... Whatever makes you feel good.
Winrates, bankrolls, and finances Quote
03-08-2016 , 01:24 PM
Quote:
Originally Posted by browni3141
If it's a regular promo like HH or Aces cracked or a SF/royal bonus, etc. then it should be included to reflect future expectation. It is part of your EV from playing poker.
Ok, now I see words that make me buzz!

If future expectation is what you are after, then it makes far more sense not to add any of the promos for few obvious reasons:

1. Most promos aren't forever, so if you add promo winning now and the same promo is gone tomorrow, then your future expectation is skewed.

2. Actual promo winning does not account for the odds in which you get it. Say the promo is HH for $200/hr, and you hit one and added it to your WR, does that mean your future expectation should always include hitting a $200 HH? If so, at what frequency?

3. Most players vary their plays because of promotions and that affects EV of the hand. Some players begin to chase HH when there are few minutes left and the qualifier is low. Some people walk into certain rooms only to chase promo. Some players even play lowest stake limit game to try to hit HH...smh. If you are one of these "some" players, then your future expectation is skewed because you actually play differently depending on the promo.

Bottom line, when you start to factoring promo in your WR, your future expectation will be skewed.
Winrates, bankrolls, and finances Quote
03-08-2016 , 01:25 PM
Quote:
Originally Posted by bip!
Except my WR much higher than my bench press
You can't bench 20 beanie babies back in high school? God, why do I even talk to a wimp?
Winrates, bankrolls, and finances Quote

      
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