[OFFICIAL] Winrates, bankrolls, and finances - Page 1013 - Live Low-stakes No Limit Poker Forum

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[OFFICIAL] 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%

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05-14-2021 , 08:38 PM

#25301

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by KHP

This might be impossible to answer, but I’ve been playing a home game with a bunch of intelligent people (either in masters or phd programs or have a top job as a programmer in tech) who have all studied the game and understand the concepts of ranges, GTO, etc. I’ve been doing pretty well at this game and am thinking I might want to try playing more often at the casino. Do you think this game is comparable to a live 1/2 or 1/3 game? Stakes are similar.

Second, I plan to use a 20 buyin bankroll. Is this too aggressive?

Third, when I say buyin, I mean 100BB, not the max allowed buyin, which at some casinos could be $500 for a 1/3 game.

1/2 and 1/3 are entry level games which means most of the players are morons or young people. At least morons relative to the players you normally play with.

That doesn't mean the games are necessarily easier than your home game though. On paper, your home game is tougher but a lot of really smart people are really terrible at poker. A lot of that comes down to experience. If for instance a lot of the players at the casino play 100+hrs a month and have done so for many years, they are likely going to be better players than a bunch of rocket scientists that have been playing a home game a couple nights a month for the past 2 years.

Quote

05-14-2021 , 09:22 PM

#25302

bip!

Slow Pony

Join Date: Oct 2012 Posts: 14,205

^what DC says

Quote

05-14-2021 , 10:24 PM

#25303

KHP

newbie

Join Date: Mar 2021 Posts: 38

Quote:

Originally Posted by Dream Crusher

Yea that’s what I think too. Only thing to do is to play and compare.

Do y’all think 20BI is good enough?

Quote

05-14-2021 , 10:31 PM

#25304

squid face

ChatThreadPrez

Join Date: Dec 2009 Posts: 11,476

Quote:

Originally Posted by KHP

Yea that’s what I think too. Only thing to do is to play and compare.

Do y’all think 20BI is good enough?

Based on what you say I think its ample.

however DC is correct that there are plenty of rocket scientists that absolutely suk at poker. If you are incinerating $ you may want to reevaluate your skillset.

Quote

05-15-2021 , 01:34 AM

#25305

feel wrath

The Situation

Join Date: Nov 2010 Posts: 29,847

Quote:

Originally Posted by squid face

weirdly, it's also true that there are some great players who simply cannot get their rockets up beyond the trees

Quote

05-15-2021 , 07:16 AM

#25306

spikeraw22

The Situation

Join Date: Aug 2010 Posts: 8,741

I now have 9 BI. $60/hr at $1/2 since my restart. I don’t remember $1/2 being this easy before. I must have improved.

Quote

05-15-2021 , 07:41 AM

#25307

feel wrath

The Situation

Join Date: Nov 2010 Posts: 29,847

Quote:

Originally Posted by spikeraw22

I now have 9 BI. $60/hr at $1/2 since my restart. I don’t remember $1/2 being this easy before. I must have improved.

it sounds like it’s sustainable so it might be time to quit your job

Quote

05-15-2021 , 08:05 AM

#25308

spikeraw22

The Situation

Join Date: Aug 2010 Posts: 8,741

If I can get it up to $70/hr by the end of the weekend I’ll type up my resignation letter. Should I give two weeks or just give them the finger and head downtown?

Quote

05-15-2021 , 08:39 AM

#25309

feel wrath

The Situation

Join Date: Nov 2010 Posts: 29,847

Quote:

Originally Posted by spikeraw22

If I can get it up to $70/hr by the end of the weekend I’ll type up my resignation letter. Should I give two weeks or just give them the finger and head downtown?

If you can prove by the end of the weekend that $70 an hour is a realistic long term earn than I don’t know why you’d ever go back to work.

Hire a clown and pay him to resign for you by means of balloon messaging

Quote

05-15-2021 , 12:29 PM

#25310

JayKon

Pooh-Bah

Join Date: Jan 2003 Posts: 4,444

Danger Will Robinson!

Do not quit your job based on a few month's results. The games are unusually easy right now.

And if you think $70/hr is sustainable in a 1/2 game, you're deluding yourself. If it really was that juicy, pros would move down to feed.

Quote

05-15-2021 , 03:03 PM

#25311

browni3141

Pooh-Bah

Join Date: Aug 2015 Posts: 5,678

Quote:

Originally Posted by JayKon

Your sarcasm detector needs re-calibrating. Although I suppose a beginner could come along and take it as advice.

Quote

05-15-2021 , 03:52 PM

#25312

JayKon

Pooh-Bah

Join Date: Jan 2003 Posts: 4,444

Quote:

Originally Posted by browni3141

Your sarcasm detector needs re-calibrating. Although I suppose a beginner could come along and take it as advice.

Thank God!

Quote

05-15-2021 , 04:23 PM

#25313

DumbosTrunk

Verified Coach PLO5

Join Date: Apr 2017 Posts: 7,313

I considered quitting my day job as a lawyer when I had a string of five-figure months last last year. Glad I didn't; first few months of 2021 have been relatively mediocre.

Last edited by DumbosTrunk; 05-15-2021 at 04:29 PM.

Quote

05-16-2021 , 05:50 AM

#25314

feel wrath

The Situation

Join Date: Nov 2010 Posts: 29,847

Quote:

Originally Posted by DumbosTrunk

I considered quitting my day job as a lawyer when I had a string of five-figure months last last year. Glad I didn't; first few months of 2021 have been relatively mediocre.

Not many better examples of frying pans and fires than quitting as a lawyer to play 1/2 for a living

Quote

05-16-2021 , 03:08 PM

#25315

DumbosTrunk

Verified Coach PLO5

Join Date: Apr 2017 Posts: 7,313

Quote:

Originally Posted by feel wrath

Not many better examples of frying pans and fires than quitting as a lawyer to play 1/2 for a living

Hahaha, would definitely not have been quitting to play 1/2. Would probably focus on 5/5/15 PLO5 tbh.

Quote

05-16-2021 , 09:45 PM

#25316

BlueSpade84

journeyman

Join Date: Jun 2011 Posts: 330

I hear the dont lose your day job advice. I just finished school and am going to take a year off that wasn't planned as I'm pulling in over 10k per month thos year at 2/5 and would make half that at my job.

Good news is that I can easily enter the work force in a year if things dont go well.

Quote

05-16-2021 , 09:52 PM

#25317

JayKon

Pooh-Bah

Join Date: Jan 2003 Posts: 4,444

Quote:

Originally Posted by BlueSpade84

Even if you make $500,000 at 2/5 in the next year, you're better off with a profession outside of poker.

Quote

05-16-2021 , 10:05 PM

#25318

SABR42

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 23,065

I'm in that income range right now and there's nothing else I'd rather be doing.

Sent from my SM-G991U using Tapatalk

Quote

05-16-2021 , 10:18 PM

#25319

cuserounder

Carpal \'Tunnel

Join Date: Oct 2005 Posts: 8,217

Quote:

Originally Posted by JayKon

Even if you make $500,000 at 2/5 in the next year, you're better off with a profession outside of poker.

That's a top 1% income lol... You think quitting a $500K a year poker career makes sense? For someone who says they would be making about $60K?

Quote

05-16-2021 , 11:38 PM

#25320

feel wrath

The Situation

Join Date: Nov 2010 Posts: 29,847

Quote:

Originally Posted by JayKon

Even if you make $500,000 at 2/5 in the next year, you're better off with a profession outside of poker.

can someone report this post for trolling?

Quote

05-17-2021 , 12:14 AM

#25321

JayKon

Pooh-Bah

Join Date: Jan 2003 Posts: 4,444

Quote:

Originally Posted by cuserounder

That's a top 1% income lol... You think quitting a $500K a year poker career makes sense? For someone who says they would be making about $60K?

Because it won't last. Also, once you're in the life, it's really, really hard to get out.

Quote

05-17-2021 , 12:23 AM

#25322

BlueSpade84

journeyman

Join Date: Jun 2011 Posts: 330

Quote:

Originally Posted by JayKon

Even if you make $500,000 at 2/5 in the next year, you're better off with a profession outside of poker.

Maybe I was unclear. I was saying pausing a year to focus on poker. I still finished my degree and can easily get a job in my field next year.

I have a years living expenses saved and and addititional 100BI poker bankroll. To pull in 100k+ this year playing poker seems like a great opportunity that I won't have again.

Totally on board with having a career/back up job option.

Quote

05-17-2021 , 12:36 AM

#25323

sixsevenoff

Pooh-Bah

Join Date: Jul 2017 Posts: 5,411

Quote:

Originally Posted by JayKon

Because it won't last.

I don't agree with this at all. There's no reason to believe that poker is going to die. It's been alive and well for many years and has shown no signs of slowing down. Recs aren't going to magically start putting in tens of hours a week into poker study and start improving their game. Even in a universe where this did happen, the best players can just study harder and continue to crush the game. It's an irrational fear.

I've seen a lot of people on here say that you can't make a good living at 2/5 anymore and that it's getting harder and harder every year and all I can do is laugh.

Quote

05-17-2021 , 12:56 AM

#25324

JayKon

Pooh-Bah

Join Date: Jan 2003 Posts: 4,444

Quote:

Originally Posted by sixsevenoff

Not that poker won't last, but consistently beating the game for large amounts on a regular basis. Bad runs of cards and bad beats happen to the best of players. Bad runs can last months and it does weird things to a person's psyche.

Quote

05-17-2021 , 05:32 AM

#25325

Petrucci

Carpal \'Tunnel

Join Date: Apr 2017 Posts: 6,199

Quote:

Originally Posted by sixsevenoff

I don't agree with this at all. There's no reason to believe that poker is going to die. It's been alive and well for many years and has shown no signs of slowing down. Recs aren't going to magically start putting in tens of hours a week into poker study and start improving their game. Even in a universe where this did happen, the best players can just study harder and continue to crush the game. It's an irrational fear.

I've seen a lot of people on here say that you can't make a good living at 2/5 anymore and that it's getting harder and harder every year and all I can do is laugh.

+1

Also, bolded kind of statements often comes from players that either went broke or coudnt beat the games at a significant clip anymore. Instead of admitting to themself that they wasnt as good as they may thought, its alot easier to construct this (not true) scenario where the games is so much worse than before, not beatable for solid amounts anymore,the rake eats everybody alive, 5K hours isnt a decent samplesize cuz variance is so sick that nobody can know their true winrate and yada yada yada.

Quote

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