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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%

09-25-2015 , 01:32 PM
Quote:
Originally Posted by bobman0330
You should factor the unavailability of these games into your plans. But most big metro areas that have poker have 5/T games. Agreed they're challenging to beat, but if you want to make more than $30ish/hour, I strongly suspect it's easier to do it at 5/T than 2/5.
Why would we take your suspicions over the multiple people who have posted results to the contrary?

Also, I don't know what 30k jobs you guys are talking about but the hourly for them isn't $25.
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:34 PM
Quote:
Originally Posted by bobman0330
I don't want to be too harsh, but there's an obvious psychological incentive for aspiring pros to believe that LLSNL can be beaten for more than 5 BBs an hour, which is that no one wants to believe that the greatest monetary rewards their profession can offer them is $25 an hour + no benefits (if they crush the biggest game in many rooms). That doesn't make it true though. A better thing to believe is that if you want to be a pro, you need to plan to beat a 5/T or higher game.
I don't understand this line of logic at all. Why would it be better for one to believe they have to play 5/T+, when the 2/5 games are potentially more profitable?

Maybe cost of living is a lot higher where you are at, but none of the players I know making $100k/yr playing 2/5 have trouble paying the rent.
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:35 PM
It should also be taken into account that there is a psychological incentive for some people to believe nothing above 5bb/hr is attainable. If no one can do it, they didn't fail, their goal was just impossible. That's a lot easier for them to accept than that they weren't good enough or didn't work hard enough.
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:37 PM
Quote:
Originally Posted by NeverLosesAtPoker
I don't understand this line of logic at all. Why would it be better for one to believe they have to play 5/T+, when the 2/5 games are potentially more profitable?

Maybe cost of living is a lot higher where you are at, but none of the players I know making $100k/yr playing 2/5 have trouble paying the rent.
His contention is that it is impossible or at least incredibly difficult to make above 5bb/hr at 2/5.
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:41 PM
Imagine there is a forum discussing how bad you are at your day job...
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:42 PM
Quote:
Originally Posted by BirdsallSa
His contention is that it is impossible or at least incredibly difficult to make above 5bb/hr at 2/5.
I thought the same thing circa 2011 when I started playing full time. I was absolutely crushing it making $27/hr! Then I made adjustments to my game and came to realize how terrible $27/hr was in the soft games I was playing in. Good players can fling poo at a typical 2/5 table and make more than $25/hr (obviously region/casino dependent).

Last edited by NeverLosesAtPoker; 09-25-2015 at 01:59 PM. Reason: typo
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:44 PM
Quote:
Originally Posted by BirdsallSa
It should also be taken into account that there is a psychological incentive for some people to believe nothing above 5bb/hr is attainable. If no one can do it, they didn't fail, their goal was just impossible. That's a lot easier for them to accept than that they weren't good enough or didn't work hard enough.
I'm a recfish though, so I'm unbiased.
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:48 PM
Quote:
Originally Posted by Lapidator
Three people check into a hotel room. The clerk says the bill is $30, so each guest pays $10. Later the clerk realizes the bill should only be $25. To rectify this, he gives the bellhop $5 to return to the guests. On the way to the room, the bellhop realizes that he cannot divide the money equally. As the guests didn't know the total of the revised bill, the bellhop decides to just give each guest $1 and keep $2 as a tip for himself. Each guest got $1 back: so now each guest only paid $9; bringing the total paid to $27. The bellhop has $2. And $27 + $2 = $29 so, if the guests originally handed over $30, what happened to the remaining $1?

Sick maths brah
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:51 PM
Quote:
Originally Posted by Richard Parker
Imagine there is a forum discussing how bad you are at your day job...

Facebook?
Winrates, bankrolls, and finances Quote
09-25-2015 , 01:57 PM
huhuhuh, he said,

Spoiler:
Quote:
Originally Posted by NeverLosesAtPoker
fling poo
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:04 PM
Quote:
Originally Posted by eldiesel
You guys made the winrate argument really complicated.

It's a zero sum game if you include everyone not just the guys playing poker. Say 1 guy makes 10BB/hour at $2-5. In a 9 handed game, at 1 table:

Dealer makes $30/hr.
House makes $100/hr.
Waitress makes $10/hr.
Food runner makes $2/hr.
Chip runner makes $1/hr.
Floor makes $1/hr.
Player 1 makes $A/hr.
Player 2 makes $B/hr.
Player 3 makes $C/hr.
Player 4 makes $D/hr.
Player 5 makes $E/hr.
Player 6 makes $F/hr.
Player 7 makes $G/hr.
Player 8 makes $H/hr.
Player 9 makes $50/hr.

We have $194/hour being made. So we need $194/hour being lost.

A + B + C + D + E + F + G + H = -$194.
I'm changing my waitlist name to "House"
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:05 PM
Quote:
Originally Posted by bobman0330
I don't want to be too harsh, but there's an obvious psychological incentive for aspiring pros to believe that LLSNL can be beaten for more than 5 BBs an hour, which is that no one wants to believe that the greatest monetary rewards their profession can offer them is $25 an hour + no benefits (if they crush the biggest game in many rooms). That doesn't make it true though. A better thing to believe is that if you want to be a pro, you need to plan to beat a 5/T or higher game.
Quote:
Originally Posted by bobman0330
You should factor the unavailability of these games into your plans. But most big metro areas that have poker have 5/T games. Agreed they're challenging to beat, but if you want to make more than $30ish/hour, I strongly suspect it's easier to do it at 5/T than 2/5.
I don't necessarily disagree with your premise... but the numbers are pretty bleak.

A quick Google search indicates there are about 1700 casinos in N.America.

Let's assume on average that only half of those casinos ever spread games like 5/TNL (or higher), and further assume that on average, only 1 of these types of table is spread per casino . So that's 850 tables, for an extremely rough estimate of 10,000 players in the pool.

Assuming that 10% of that player pool is "winning", and further that 5% is "crushing", that means there are only 500 poker players in N.America that are crushing the mid-stakes games.

There are approximately 525M people in N.America.

The odds that you are in the pool of mid-stakes live poker crushers in N.America is 1,000,000:1 or so.
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:09 PM
I bet more than 10% of the player pool in 5/10 is winning, due to smaller rake. The time charge shall set you free.
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:13 PM
Quote:
Originally Posted by BirdsallSa
Why would we take your suspicions over the multiple people who have posted results to the contrary?

Also, I don't know what 30k jobs you guys are talking about but the hourly for them isn't $25.
When you include benefits (and reduced risk of ruin), a $30k/year job is easily $50k+ in comparison, and therefore $25/hr equivalent.


Then there are other intangibles... e.g. making $25/hr as a poker player means you'll probably have a very difficult time qualifying for a mortgage, without a few years of consistent tax returns.
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:16 PM
Quote:
Originally Posted by bobman0330
I bet more than 10% of the player pool in 5/10 is winning, due to smaller rake. The time charge shall set you free.
IDK... there are so many stories of the so-called poker pro, who is confirmed busto, regardless of poker skillz.

(Back to the DGAF concept of "good at poker, bad at life/business", IMO.)
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:32 PM
Quote:
Originally Posted by Richard Parker
Understand that there are very few locales capable of supporting serious poker players who could afford to call themselves "pros" and such markets should already be saturated with these players.

...

If you are a new poker player hoping to make poker part of your income, be prepared to work harder than everyone else in your pool...and do it quick.
I had a conversation with a tight reg that plays in my local game the other day. He claimed that he didn't work any other jobs and just played poker. I see him there all the time, as I drop by after work several times a week for a quick session. But he's always drinking heavily, and often hanging out at the bar instead of playing.

Here's the kicker though. His claim was $5-6k/mo, out of room with exclusively $1/2. I don't see how that's possible.

The room is only open from about 4pm to 2 am, so there are only 10 hours *max* every day available to play, so 300 hours --> $20/hr or 10 bb/hr. But there's no way he's putting in that much table time, it's probably half that while mostly drunk.

I can't wait for the inevitable crash when his results adjust away from the heater.
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:35 PM
The number of people that can make it as a pro and the number of people that can beat the game for an hourly that could theoretically support being a pro are two very different things.

Doesn't really impact the win rate discussion though.
Winrates, bankrolls, and finances Quote
09-25-2015 , 02:42 PM
Quote:
Originally Posted by BirdsallSa
Why would we take your suspicions over the multiple people who have posted results to the contrary?

Also, I don't know what 30k jobs you guys are talking about but the hourly for them isn't $25.
yes, having a 30k/year job does not = $25 hour in your pocket but you're also forgetting things like medical insurance that having a full time job pays for, or a good % of, that poker players have to pay out of pocket as well as possible other 401k matching/pensions.
Winrates, bankrolls, and finances Quote
09-25-2015 , 03:06 PM
Quote:
Originally Posted by t_roy
The number of people that can make it as a pro and the number of people that can beat the game for an hourly that could theoretically support being a pro are two very different things.

Doesn't really impact the win rate discussion though.

^ t_roy gets it
Winrates, bankrolls, and finances Quote
09-25-2015 , 03:17 PM
You're assuming that you'd get a great medical insurance package with the job. And what, would I be putting $20,000 per year in the 401k? Give me a break.
Winrates, bankrolls, and finances Quote
09-25-2015 , 03:24 PM
I think anyone's best shot at making 10bb\hr is to play rake free.

Or play deep. Play short. Be the best at the table. Find the softest games you can (find those fish!)

But if you're like Richard and don't know how to stack fish (lol) or don't know how to play really deep and short handed,

then I think it's a pretty good guess that you're wr would be lower than if you played in for ex your regular 9 handed reggy 100bb games.
Winrates, bankrolls, and finances Quote
09-25-2015 , 03:39 PM
Quote:
Originally Posted by RelentlessDoubt
You should be able to afford three losing months of 600bbs a month. Plus living expenses. And having a roll to play with. Without this you will have a very high risk of ruin. Alot of pros don't factor in their losing months in their overall winrates. A losing month is just that...you LOSE MONEY.

Lets say you have a 15k roll and you feel very rolled for a $500 buyin 2/5 game.

Month one you lose 3k and have 2k in bills. Roll 10k

Month two is the same. Roll is 5k and too small to grind 500nl so you switch to 1/3

Month three you lose 1800 and have 2k in bills. Roll is 1200 and you're ****ed.

This is how it works in reality but most players (myself included) dust off a few hundred after large winning sessions and it makes our risk of ruin even higher!
Can we really call it a 15K roll if 2K per month has to come out for bills?
Winrates, bankrolls, and finances Quote
09-25-2015 , 04:37 PM
Quote:
Originally Posted by BirdsallSa
You're assuming that you'd get a great medical insurance package with the job. And what, would I be putting $20,000 per year in the 401k? Give me a break.
A) work for the government. Great pension+great health insurance for very cheap. At my current job (non gov) I pay ~300/month med, gov is def cheaper. When I looked last year at the ACA it was ~900/month. Say gov is 200/month, that's 700/month difference, 8.4k right there.

B) let's also not forget about the additional taxes self employed pay that non self employed portions are covered by their companies

C) lastly, an most importantly, my comment was based on the discussion that 25/hr was "impossible", so that was considered the upper, basically unachievable, salary my comment was based on
Winrates, bankrolls, and finances Quote
09-25-2015 , 04:59 PM
2015, 1/2 with some 2/5 (under 25 hours) and some 1/3, 1200 hours total

Winrates, bankrolls, and finances Quote
09-25-2015 , 05:15 PM
Quote:
Originally Posted by BirdsallSa
You're assuming that you'd get a great medical insurance package with the job. And what, would I be putting $20,000 per year in the 401k? Give me a break.
nah dog, cant put $20k/yr into a 401(k). The gubment won't have it.
Winrates, bankrolls, and finances Quote

      
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