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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%

01-22-2017 , 04:30 PM
Quote:
Originally Posted by MIB211
Am I using standard deviation to calculate win rate confidence interval correctly?

W/r = $48.39/hour
STD=$339.31/hour
Hours=326

339.31*1.96=664.44
Square root of 326=18.055
664.44/18.055=36.83

So, my 95% confidence interval would be $48.39+/- 36.83, so I can be fairly confident I'm at least an $11/hour winner in my game, and in theory could be up to an $85/hour winner in my game? Latter seems exceedingly unlikely.
Im sure the $11/hr low end is just as unlikely as the $85/hr
Winrates, bankrolls, and finances Quote
01-22-2017 , 06:01 PM
Quote:
Originally Posted by MIB211
Am I using standard deviation to calculate win rate confidence interval correctly?

W/r = $48.39/hour
STD=$339.31/hour
Hours=326

339.31*1.96=664.44
Square root of 326=18.055
664.44/18.055=36.83

So, my 95% confidence interval would be $48.39+/- 36.83, so I can be fairly confident I'm at least an $11/hour winner in my game, and in theory could be up to an $85/hour winner in my game? Latter seems exceedingly unlikely.
There's a few more steps, IIRC. I don't remember the formula. If you've figured your approximate win rate, you don't necessarily need that kind of accuracy.
Winrates, bankrolls, and finances Quote
01-22-2017 , 06:24 PM
Quote:
Originally Posted by Hardball47
Some full time players determine their estimated win rate over a large sample with a good confidence interval and then pay themselves out of their bankroll for hours played, regardless of win/loss or the amount. For example, you had a killer 2/5 session and raped the table for 10+ buyins and your hourly is estimated to be at $25/hour (probably conservative, but likely more accurate as well). If you played for eight hours, you'd pay yourself (as the sole employee of your business) $200 for the session and put the other $5000+ back into your bankroll.
This is the about the only sensible way to do it if you're a real full time pro IMO. It's the same as owning and running a business...someone who knows what they are doing pays themselves a wage, they don't just raid the cash register every time they want to buy something.
Winrates, bankrolls, and finances Quote
01-22-2017 , 06:40 PM
there is no wrong or right way to do, there is a more structured way to go about it.

If you have terrible spending leaks, you need to structure yourself. And get a work on those spending leaks. Then you don't need to structure yourself so much.
Winrates, bankrolls, and finances Quote
01-22-2017 , 06:44 PM
Quote:
Originally Posted by MikeStarr
Im sure the $11/hr low end is just as unlikely as the $85/hr
I don't know about that though obviously that's what the math says. Vast majority of these hours are playing 1/2. Deep stack ($200 min and no max) but also heavily raked. I don't know if 85/hour would even be possible as a true win rate, whether by me or anyone else.
Winrates, bankrolls, and finances Quote
01-22-2017 , 06:48 PM
Quote:
Originally Posted by MIB211
I barreled the turn and have 2!
Fold pre
Winrates, bankrolls, and finances Quote
01-22-2017 , 07:42 PM
Hi guys, I have gotten back into poker in october and grew my BR to the point where I started taking 2/5 shots (at $5k)

The irony is that while I am doing well in soft 2/5 games (I am only playing once/twice a month when the game is soft), I have gone on a big downswing at my normal 1/2 stakes and am now even for the month.

have a $5k BR, up $1200 at 2/5 but down 1200 at 1/2, continue 2/5 and risk $$ or just ride out some bad variance at 1/2?

Further, the 2/5 game is really good as there is a huge tourney coming up, driving traffic to this room....

What do you think I should do?

PS. I have a day job that pays all the bills so the risk isn't not paying the rent or something
Winrates, bankrolls, and finances Quote
01-22-2017 , 07:44 PM
So you have no difference since your shot take? Why not keep shot taking, it's pretty aggressive for a weaker player. If you're very strong, it's not that aggressive.
Winrates, bankrolls, and finances Quote
01-22-2017 , 07:45 PM
Assuming you can beat the game, kepe playing 2/5.
Winrates, bankrolls, and finances Quote
01-22-2017 , 08:00 PM
Yeah, no difference since the shot take. I'm up about $80 for the month now, looking at my records to be exact - I am:

+$1250 at 2/5 (26 hours)
-1170 at 1/2 (14 hours)

Had a really bad session at 1/2 where i tilted off $600, so I think that is sticking in my head right now affecting my confidence.
Winrates, bankrolls, and finances Quote
01-22-2017 , 08:05 PM
Stay at $1/$2 until you get it back.
Winrates, bankrolls, and finances Quote
01-23-2017 , 12:01 AM
You're probably not game selecting $1/$2 enough as well.
Winrates, bankrolls, and finances Quote
01-23-2017 , 12:09 AM
If you have a day job, seems like you could take shots in 2/5 games if they're good and you feel like you're a winner in the game. Say you lose 4 buy ins and down to $3k, you could play 1/2 still and if necessary reload.

Basically, if you have the ability to reload and think you can at least break even at 2/5, you should play 2/5 if you'll enjoy it more. If you like 1/2 better you should play that.
Winrates, bankrolls, and finances Quote
01-23-2017 , 12:22 AM
When your risk of ruin is low you should be as agressive as possible assuming the risks are still +EV. (I.e. do you have a skill edge. )
Winrates, bankrolls, and finances Quote
01-23-2017 , 01:31 AM
if you are playing your normal poker game you should have 4 buyins per stake to lose per session and you should plan on losing 3-4 sessions in a row fairly often. If you can't stomach losing $5k then you're not rolled for 2/5. If you cant handle losing $3500 you're not rolled for 1/3 and if you can't lose $2k then dont play 1/2. all of the above swings are normal and happen regularly to winning players. I know a few 10bbhr winners and they all have had around 10buyin downswings. Be prepared and dont be upset when you lose $5k; its normal
Winrates, bankrolls, and finances Quote
01-23-2017 , 05:04 AM
Quote:
Originally Posted by VolumeKing
if you are playing your normal poker game you should have 4 buyins per stake to lose per session and you should plan on losing 3-4 sessions in a row fairly often. If you can't stomach losing $5k then you're not rolled for 2/5. If you cant handle losing $3500 you're not rolled for 1/3 and if you can't lose $2k then dont play 1/2. all of the above swings are normal and happen regularly to winning players. I know a few 10bbhr winners and they all have had around 10buyin downswings. Be prepared and dont be upset when you lose $5k; its normal
This.

The 4 BI per session thing is very preference based. I tend to cap at around 3 BI because in a capped game I find it difficult to stay motivated when stuck 1500 with only 500 in front of me.

As for downswings, I am beating my 2/5 game for 15BB/HR over 400 hrs (obviously small sample size) and have suffered multiple 5k+ down swings, the worst being a week where I lost 7.5k. It's normal and especially if you play a LAG style your swings will be big and frequent.

Sent from my XT1650 using Tapatalk
Winrates, bankrolls, and finances Quote
01-23-2017 , 10:21 AM
Thanks guys for the advice. The $$ doesn't matter to me, however going busto after grinding 1/2 for the last few months would be disheartening.

I am going to play 1/2 today and see how it goes.

If I play 2/5 on sat night I think I might do something like subsidize from my personal roll so that each full buyin is $250 from poker and $250 from my paycheck. It's completely mental as it's all my $$ but it would just mean having a more prolonged shot at 2/5 in case things go sour.

Sorry for your $7,5k downswing but it's good to know that is likely and you're still positive about the game.

Thanks for all the replies and advice!
Winrates, bankrolls, and finances Quote
01-23-2017 , 10:41 AM
hey znith, I was in the same position for several months last year (job, saved most of 1/2 winnings and had $5k+ in cash bankroll after several hundred hours of 10bb+/hr profit)

I decided to do the opposite of you and never shot take, I had $10k roll as a target for getting into 2/5. Guess where on the below graph my biggest regret is not giving it a shot?

Anyways, play good 2/5 games and see what happens because the abyss still exists at 1/2

Winrates, bankrolls, and finances Quote
01-23-2017 , 10:51 AM
That's looks like about -$7000 over 250 hrs or so? 35 buy ins? WOW!
Winrates, bankrolls, and finances Quote
01-23-2017 , 11:13 AM
Nice recovery.
Winrates, bankrolls, and finances Quote
01-23-2017 , 11:33 AM
Quote:
Originally Posted by MikeStarr
That's looks like about -$7000 over 250 hrs or so? 35 buy ins? WOW!
Looks closer to $6500 in 110 hours to me. What a nightmare of a downswing if this is 1|2! And still not out of it yet. 100 hours to lose $6500, 500 to get it back hehe.
Winrates, bankrolls, and finances Quote
01-23-2017 , 11:34 AM
Quote:
Originally Posted by homerdash
hey znith, I was in the same position for several months last year (job, saved most of 1/2 winnings and had $5k+ in cash bankroll after several hundred hours of 10bb+/hr profit)

I decided to do the opposite of you and never shot take, I had $10k roll as a target for getting into 2/5. Guess where on the below graph my biggest regret is not giving it a shot?

Anyways, play good 2/5 games and see what happens because the abyss still exists at 1/2

Just to confirm the session to session variability discussion, the width of your light blue line looks to be about $1-2k.I've seen this in my graphs, and others around here too.
Winrates, bankrolls, and finances Quote
01-23-2017 , 12:43 PM
Hi guys,
What does a 69 bb/100 mean in standard deviation? I sW it on my poker tracker software and I know my sample size is small but just curious what it means! Thanks!!
Winrates, bankrolls, and finances Quote
01-23-2017 , 02:04 PM
Quote:
Originally Posted by Richard32
Hi guys,
What does a 69 bb/100 mean in standard deviation? I sW it on my poker tracker software and I know my sample size is small but just curious what it means! Thanks!!
It means variance for you is rather low. GL replicating this in LLSNl though. :/
Winrates, bankrolls, and finances Quote
01-23-2017 , 02:19 PM
Quote:
Originally Posted by znith
Yeah, no difference since the shot take. I'm up about $80 for the month now, looking at my records to be exact - I am:

+$1250 at 2/5 (26 hours)
-1170 at 1/2 (14 hours)

Had a really bad session at 1/2 where i tilted off $600, so I think that is sticking in my head right now affecting my confidence.
The hours sample size is, of course, meaningless.

However, if you are still capable of tilting off $600 in a 1/2 NL game then I probably wouldn't move up until I had that major leak under control.

Gbutifyou'rerolledandjustplayingforfun,whatever,do whateveryouwantG
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