No matter what I say, you guys are gonna find a reason to shoot me down, but I know Im not running hot. Im running -$6070 in Allin EV over this 700 hr sample. Thats almost another $9 /hr

Now maybe Ive hit more flushes than I should or hit TP when I 3 bet with AK more than I should? There's no way to really know that stuff for sure.

I'll report back in another 500 hours so you guys can repeat to me how lucky I am.

If you're a winner it's much better to be underestimated. Book some good action. Should be very easy especially if you're in a non-obscure local.

eta - The "i know i'm not running hot but there's no way to know if i'm running hot" is good trolling for action if the above is true fwiw.

I have played regularly with a guy for the last 10 years than ran hotter than the sun for the first nine plus years while actually being pretty terrible, and just now started running just good instead of sun runner good. He can't fathom while he is losing, he thought he was a crusher.

Another 500 hours still doesn't mean that much if you are an outlier in the run good department.

How are you getting most of your all-ins in live poker btw? I mean if I call somebody and they show a winner I'm mucking then often lying. So like if you have AA and get it all in on a 9 high flop then river an ace. If I had a set of nines or whatever I'm just going to say nice hand and if you ask I'm going to say you had me all the way or whatever a big % of the time.

He just made it up.

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hopefully you keep running like god, because it looks like you'd have trouble with things involving reading comprehension

Obviously sometimes I have to use an estimate based on possible hand ranges so the number isnt going to be exact but I can get close.

Alot of people show their hand when they got all in and lose. Yesterday I had a hand just like you showed in your example. I got all in with JJ on a 982 flop against a short stack. Turn T...river Q.

He was pissed and showed because he had 22.

If I get all in with AK on a Kxx flop, I say "I have a K". They usually respond with "So do I" or "whats your kicker".

Half the time they show first.

If I get all in with JJ preflop and win. I have to use an estimate because i dont know if he had AK or TT type hand. Its not precise but its good enough for an estimate. If I lose then obviously I know what they had

Love your avatar video

I would like to have some tips regarding where I should "store" my bankroll. I have around 20k$ total in my bankroll and most of it is stored in my bankaccount. But I keep like 1k$ at different pokersites, and I play tournaments with a buy in from 10$-100$. I feel like I am playing better if I have more money at the pokersites but at the same time I dont want to have too much money there (blackfriday...).

I think this is mostly a psychological thing, it feels more to loose 1k at a pokersite than loose 1k from the entire bankroll.

Tips?

AllyBank offers a 1% savings account with no fees. this is where the lionshare of my roll is kept

Dime bank offers 1.05% directly transferable to your normal bank.

Safety Deposit Box. $20/year in interest doesn't seem worth the administrative headaches.

Eh. The box has its own hassle. Have to go to the bank during business hours, can't always get in on the weekend. Costs you a rental fee. Makes a free checking/savings account with some marginal interest accrual look pretty good.

How so? I've looked into Ally but saw they don't accept cash deposits much like most online banks with the better intrest rates.

until you have to explain what al the constant $1-$2k withdraws/deposits are. I like a box for the big money and then a home fire safe for like $1-$2k. Obviously having to walk into a location is a headache. so user's preference i guess.

Yes this is true they do not accept cash deposits.

My recommendation. Is to transfer from your bank

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Shouldn't be a problem if you're keeping good records and paying your taxes like a responsible citizen, right?

Ya claiming your income should fix those pesky irs questions.

Nothing about my post should have been construed to indicate I am suggesting OP avoid paying his fair share of taxes. My comments were merely a suggestion as to where he should store his well documented and claimed poker earnings!!

Buy a safe for your home?

Getting a decent safe is soooooo expensive. Wouldn't get less than TL-15 and would have it bolted down.

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the box is cheaper than a good safe but you cant conveniently make as many transactions as stated previously by a poster - and someone could just steal the safe.

the box option that 1300 talked about is the best imo. you can store/carry/deposit/withdraw big chips instead of cash (which is slightly safer because a non 0% of theives will not think its real money).

the box also gives you significantly more financial privacy than the bank account; there is just no getting around the fact that is the big advantage of the box.

i understand there are differing opinions on the legality and morality of income tax and the validity of the 16th amendment so i dont think we should bring that conversation to the table.

however, i think its important to note that even someone who chooses to pay in full what hes asked to pay by the federal govt will value the privacy afforded by keeping a large portion of their bankroll in a box, i dont think anyone likes to be investigated or have someone asking them personal financial questions - and these things definitely happen to people who proudly pay in full on time every year.

also, financial privacy can be valuable in your relationships with wives/husbands/family/kids/parents/hackers etc who may either have access to your bank account or could reasonably get access to it if they tried.

edit: just to clarify, im not saying if i do/dont use a box, im just saying its the best option for someone with a large poker bankroll.

those accounts are fine. and everyone that matters has full transparency into how much you have. the irs matters. boxes aren't quite as transparent. =)

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good response.

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Obv keep packs in jewelry box, vcr boxes, inside a copy of theory of poker and behind pictures.

And I like what Duke said.

A desire to avoid financial questions isn't worthy of indictment. FWIW Every Cash game player is at risk of failing to withstand an audit. None of it's employee fully understands the tax code and cash gambling income is reliant on self reporting.

I've heard more than one person itt ask about rebuilding records due to lost data.

As of a couple years ago "technically" a hand written ledger completed after each session was required to fulfill the documentation requirements for self reporting gambling wins and losses.

I am a tad skeptical of advice from folks who's first response is if you pay your taxes you can put your money anywhere with no concern.

Fwiw when I as playing more hours and a bit bigger than I do now I always kept between 5k and 10k in chips and cash in a fireproof box in my apartment in a very hidden location.