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Stupid question about BBJ

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05-09-2011 , 09:41 AM

Saul T. Nutz

adept

Join Date: Oct 2009 Posts: 820

I'm sure there's a million more important things to worry about, but I'm not sure how to treat the BBJ payout.

The BBJ hit at Harrah's AC a couple weekends ago and I got $400 for being in Showboat at the time.

I recently started using PokerJournal and I'm not sure if I should add the $400 as profit to that session or leave it out completely.

Part of me wants to ignore it and treat it like non-poker gambling winnings and part of me says count it because all those random dollars that I paid into the jackpot.

Any thoughts?

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05-09-2011 , 09:47 AM

Jared Kay

adept

Join Date: Jan 2011 Posts: 792

It should count as part of your winnings. Not counting it would be like not counting a Christmas bonus as income.

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05-09-2011 , 09:59 AM

cfreaks

old hand

Join Date: Feb 2009 Posts: 1,419

I don't use PokerJournal but I assume that you could create a miscellaneous session separately and book the $$ there so that it doesn't skew any kind of reporting that you are doing to track profitability by session (day of the week, stakes, etc.).

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05-09-2011 , 10:59 AM

Saul T. Nutz

adept

Join Date: Oct 2009 Posts: 820

Quote:

Originally Posted by cfreaks

Yes I can enter it without it showing as profit, but the question is should I?

I don't want to overstate profit, but on the flip side, I am thinking that $400 was "missing profit" from previous sessions for all those $1 drops.

I guess this applies to all promotions like Aces Cracked and High Hand.

I'm leaning towards counting anything that is funded by the pot as profit and any casino funded promotions as "other."

That seems like sound logic to me, but then again it is Monday morning and the wheels turn slowly.

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05-09-2011 , 12:01 PM

cAmmAndo

The Situation

Join Date: Nov 2008 Posts: 4,729

Personally I would make a bankroll entry for it but not a cashout entry. I mean binking one huge jackpot and entering it as a cashout would render your hourly meaningless.

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05-09-2011 , 12:06 PM

BAEVentures

veteran

Join Date: May 2010 Posts: 2,961

The BBJ is a neutral EV proposition. If you were to put in enough hours, even hitting the large end of one should even itself out in the long run in terms of hourly. Although it may take thousands or even tens of thousands of hours for it to even out. I'd count it as session winnings.

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05-09-2011 , 12:11 PM

MetlEtl

journeyman

Join Date: Jun 2006 Posts: 308

I assume you counted the drops in past sessions.

Log it as a win.

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05-09-2011 , 12:14 PM

venice10

Referee

Join Date: Nov 2007 Posts: 25,890

I'd personally leave it out of your calculations.

Suppose you hit the BBJ and you're paid $80,000. You then play for the rest of the year and lose $60,000 over the next 500 hours of play. So are you a winning player or a losing player at your stakes long term? It is pretty tempting to think, "I'm winning $40/hr, no need to change what I'm doing," vs. "I'm losing $120/hr, something is really wrong with my game."

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05-09-2011 , 12:27 PM

gobbledygeek

Poet Laureate of LLSNL

Join Date: Jul 2006 Posts: 36,244

In my spreadsheet I have a does-not-include-BBJ column vs an includes-BBJ column.

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05-09-2011 , 03:30 PM

#10

cAmmAndo

The Situation

Join Date: Nov 2008 Posts: 4,729

^^^^^^^^^^^^^^^^^^^^^^
Excell Nit ITT

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