It depends on what you're using the info for. If you want to calculate your standard deviation you shouldn't use it. If you want to compare the opportunity cost of sitting in the game vs driving Knish's truck you should. Those factors certainly do both exist and vary so it's strange to say considering them is simply flawed.

Entitlement tilt.

Read the mental game of poker books

played my last session of poker for the year last night so time for my annual results post.

Live in home poker room

2/3 (500) 120 hours +$7309 $60.90ph
2/5/10 (1000) 291 hours +$17,701 $60.75ph

Live while travelling

1/2 Lon (400) 19 hours +100 GBP GBP 5.26ph
2/5 Melb (500) 25 hours - $260 $-10.40 ph

Live cash total

+$24,930 in 456 hours

Online hold em

3/6 (600) 7470 hands +$6164

PLO

Live 1/3 (300) 4 hours +$300
Online 1/2 (400) 1850 hands -$700


Stupid ****ing live MTTs (inc swaps)

1/17 cashes - $10,470


Total Profit $20,224

Obviously play more tournaments cause your due.

Nice work!!!!

that's the plan - I've been hoping that was true for the past 3 years. (a buddy of mine in my strat group won 6 figures last week so the dream is still there.)

Started mtt life with something like 6/10 cashes from my first 10 $1k+ buy in mtts and I'm something like 2/25 since.

mtts still showing a slight profit overall lifetime, but pickings have been very slim. I lost a 500bb pot in level 8 or 9 of a $3k in July when an 80% favourite when the money went in on the flop but other than that I haven't got close to a dominant position all year.

The biggest true cost of mtt's is opportunity cost of your cash hourly. Being slightly profitable def not good enough to justify continuing imo. I only play tournies if it's very good value, I'm not going too much out of my way to play them, and there isn't a good cash game I'm forgoing in order to play the mtt.

I get the POV but it's entirely inaccurate for me and my motivations for playing poker. While the money I make playing poker is cool, the amount of hours I can play per year at...say $40 or 50 an hour just isn't enough to make a marked improvement to my life, whereas a big tourney bink could/would.

I actually enjoy and look forward to big mtts and the prospect of binking one (while of course a form of gambling) is something I think about a lot.

You're right. I apologize, my comments were more-so directed at full-time professionals.

I just know waaaaayyy too many low stakes grinders who ask me for advice, and that's normally what I tell them -- stop playing mtt's.

For the part-time player/serious hobbyist, there's much more merit to playing tournaments (particularly if you enjoy them).

MTTs are ******ed though

This so much. I only play big field value MTTs. Even then, I'm looking at it as basically a lottery ticket. I'm not playing it for my expected hourly (I'd be playing cash if that was my main concern at that moment in time); I'm playing it hoping to be on the positive side of variance. The fact is that a winning cash player is going to have a higher hourly then a winning tournament player for the same required bankroll. I've noticed that most people who catch the tourny bug don't seem to be big cash winners anyhow, so this point might be a bit moot.

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nice werk FW

very strong cash results

keepin it real and showin that middle age (no offense) rec dudes can stomp! Most impressive sir

MTT's suck - phuc em

I'll weigh in, too, for the middle aged crowd (EAD skwid), since I've likely played my last session for the year.

1087 hours of 2/3 NLHE ($400 max)
+$26,165
(I also get $2/hr comps, so add that to my hourly for something more accurate)

I'm not displeased, especially considering that I play morning/afternoon games which are rock-infested with the retirees.

My hourly for MTTs on the year is double that, so eff you guys. ;-)

I haven't tallied online results (I'm USA). I'm up somewhere around $1.5 or $2k for the year online.

Well done. 9bb is impressive. Even if it's "only" 1100 hours like someone in this forum is bound to say.

Well, they'd be right IMO. I'm of the opinion that we can never really know our true winrate in live games. Even 1000 hours isn't that many hands, and the game that I'm sitting in at hour 999 isn't the same game that I was sitting at hour 1 (player pool turns over, some players improve and I should also improve). So, take it all with a grain of salt and d8ck-measuring vs each other this way is kind of pointless.

My winrate for live is pretty much the same over a few thousand hours now at 8-9bb/hr (I've posted graphs itt before). I was also an online winner pre-BF, so I'm confident that I'm a winning player... but, without working on my game and continuing to improve I'd be a loser within a few months.

[QUOTE=AllJackedUp;54613254]Well, they'd be right IMO. I'm of the opinion that we can never really know our true winrate in live games. Even 1000 hours isn't that many hands, and the game that I'm sitting in at hour 999 isn't the same game that I was sitting at hour 1 (player pool turns over, some players improve and I should also improve). So, take it all with a grain of salt and d8ck-measuring vs each other this way is kind of pointless.

My winrate for live is pretty much the same over a few thousand hours now at 8-9bb/hr (I've posted graphs itt before). I was also an online winner pre-BF, so I'm confident that I'm a winning player... but, without working on my game and continuing to improve I'd be a loser within a few months.[/QUOTE]

This isn't even remotely true. Fish aren't adjusting at all. Just keep value betting and print money. A well disciplined 7th grader could beat the $3 blind games.

Great results!

That’s a **** load of hours for a rec but not many for a pro...what’s your life situation?

Self-employed, work from home. I have a family, so I like to be home nights and weekends.

Poker has been part-time supplemental income (on and off) since the poker boom. It's a lot easier to find a poker game than drum up new clients. :-)

Yeah I haven't actually done the P(X>x) calculations but just looking at that app it looks like there's about a 3% chance a guy making 40/hr would win that much in 1052 hours. Like Garick said it depends a lot on standard deviation use. I think 150ish is typical but a LAG in soft 1/2 games could be much higher. If we bump up to say 212 BB/100 then his results fall within the 95 percent confidence interval (the extreme tail).

Unlikely yeah but possible. Still we should be clear....

Even if it were 0.3% that's one guy in 333. This is a "friend of a friend (of a friend?)" kind of report. If persons A, B, and C each have 10 unique poker friends then A knows 1000 poker friends in this network. If we just take "poker associate" as the standard...I know like 30ish poker players not counting online. If they know 30ish that's 900ish in just level two relationships (a guy I know knows a guy). Given there is also an observation selection effect biasing towards reports of extreme results we should not be surprised when they pop up now and then, and in fact they could easily be true.

Nice job fw Where did you play online?

Well played FW, best of luck in 2019!

I have not played in 3 months and not with any regularity in almost a year.

Opened up the old sock drawer last night to see where my bankroll is at. 10BI on the nose. Got some work to do. Still not sure when I’m going to get to play so maybe a moot point.

On private apps. All 6 max

Remeber the fish from 15 years ago that thought A6 was a good hand and would go to the felt with any top pair? They are all playing MTTs now, and they havent gotten any better. LLSNL is still profitable, but the fish tank is clearly live MTTs now.

Unfortunately, the low volume and massive rake make it nearly impossible to capitalize. It’s easy to play correctly when the big stack has 4BB.

I made decent money back in the day playing live MTT’s but it was all variance. Nothing more tilting than playing great for 4 hours only to get sucked out and have nothing to show for it.