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Old 01-03-2021, 12:20 PM   #25126
Garick
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re: Winrates, bankrolls, and finances

Nice results, sdfsgf, and congrats on completing the PhD. What subject?

You might want to find out about some home games in Atlanta. Rumor is that the charity room is on shaky legal ground and might not last. I have no idea how true that might be, but I've heard about it and I don't even live in Georgia.
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Old 01-03-2021, 12:39 PM   #25127
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Nice werk Badreg!!
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Old 01-03-2021, 01:42 PM   #25128
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re: Winrates, bankrolls, and finances

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Nice results, sdfsgf, and congrats on completing the PhD. What subject?

You might want to find out about some home games in Atlanta. Rumor is that the charity room is on shaky legal ground and might not last. I have no idea how true that might be, but I've heard about it and I don't even live in Georgia.
Thanks Garick. I did my PhD in mechanical engineering at MIT (working on MEMS), and now I'm working at Georgia Tech.

I've heard a lot of that speculation too about the charity room, but who knows. I've chatted with the owner and several of the dealers about it, and they all seem pretty confident that they'll stay open. I know nothing about the details of gambling law in Georgia, but the owner said there was a ~9 month process of going back and forth with whatever agency, then they finally got approval in August. They've been doing legal charity tournaments for years, so the cash game part is the only new thing, but they seem to think they're in the clear. We'll see I guess.
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Old 01-03-2021, 01:55 PM   #25129
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Congrats on your academic achievements, and continued GL in poker. My understanding (not an expert) is that home games are legal in Georgia under some circumstances. IDK if they have to be rake-free, or what. I just know that it's better than Alabama, where you can't even play an unraked donkament with friends with a bottle of wine as the prize.

It was very frustrating to be 20 minutes from a casino, but no poker. Even their slot machines were technically bingo machines, from what i understand, though that all happens internally, so the user interface looks just like a normal slot.
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Old 01-04-2021, 01:13 AM   #25130
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re: Winrates, bankrolls, and finances

2020 results

Meh. Continued my run of never having had a losing cash year but wasn't a great year for me at all.

Our casino closed in mid March and I played nothing til June when I got a weekly spot in a private game. The game looked very juicy and has low rake but I didn't adjust to a few players and didn't play well in the game for at least the first half of my time playing it when I actually did some work and made specific plans for both the two good players and also many of the bad players. I definitely ran way below EV, but I honestly think I left at least $30+ an hour on the table with my B and C game (which would be at least $50 if a very good player was playing)

Jan to Mar

Casino 5/10. +3975 in 62.5 hours for $63.6 ph

Jun to Dec

Private 2/5 (often with 10 straddle) -511 in 160 hours for $-3.11 ph

Overall +$3464 in 222.5 hours for $15.5ph

I'm not sure what poker looks like for me this year tbh. My private game has broken. There are a lot of other high raked (so illegal) home games and poker rooms here now so I'm going to have to take my chances with them. Our casino made all of their poker staff redundant, so I think it's unlikely we'll get much action there this year.
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Old 01-04-2021, 01:59 AM   #25131
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* also was a small winner on Bros - was doing very well at 100nl and then did the stupid thing of moving up in stakes to 200 and even some 400 and playing while inebriated. Did not end well
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Old 01-04-2021, 11:45 AM   #25132
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re: Winrates, bankrolls, and finances

For live poker 2020 I got in a whopping 61.7 hrs between $1/2, $1/3 and $1/2/10. Made $5,134 so $83.22 / hr or 34.2 BB/hr. It is possible that I ran well (no schit). I deposited $100 into BOL mid year and have dummied it up to ~$4k playing MTT’s, this is after losing ~$1k in Dec by playing / running like donkey shiit.
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Old 01-04-2021, 12:25 PM   #25133
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Originally Posted by DumbosTrunk View Post
Yeah, like you I made huge progress as a player towards the end of this year in spite of the somewhat modest overall results. Table presence, mental game, using my BR to play as +EV as possible.

After the runbad/downswing ended, end-of-year monthly profits were five figures, so I expect great things in 2021!
I've said this before, but your most impressive number (I think?) is the hours / dedication. Doubt there's too many here (anyone?) approaching your 2100 hours, wow!

GcluelessmonsterhoursnoobG
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Old 01-04-2021, 12:37 PM   #25134
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The time charge is killer -- it's $20 to get in for the day + $15/hr, so I'm effectively paying around $20/hr since I play short-ish sessions.
If you could stretch your session length to help overcome the $20 door fee you'd probably be in the ballpark rake-wise of a lot of other LLSNL games. Due to your rake being time charged my guess is that you might be better off attempting to loosen up a bit in close cases; as opposed to, say, nitty me and my approach to my percentage-of-pot raked game (where I believe nitty play is the best way to overcome this type of rake, whereas it might actually be a hinderance in time charged games). Just something to consider.

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Old 01-04-2021, 12:41 PM   #25135
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I'm not sure what poker looks like for me this year tbh.
I'm in a similar boat. Our casinos closed immediately and have yet to re-open, so I highly doubt they'll re-open before a large percentage of the population has been vaccinated. My best guess would be I'd be lucky to see them open in the summer months but there is a worst-case scenario of them being shut down the whole year, but I guess we'll see. Although my guess is people will be flocking back in droves once they do open, so likely decent action, eventually.

GwilllikelygoatleastonefullyearbetweenpokerhandsG
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Old 01-09-2021, 08:06 AM   #25136
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re: Winrates, bankrolls, and finances

Kind of an odd question and I guess it ultimately doesn't matter but ...

How do Texas players calculate your win rate?

Do you take what you buyin for and what you cash out for or what you buy in for and what you leave with? In other words what do you say about the time you pay at the end?



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Old 01-09-2021, 08:07 AM   #25137
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How could any time charge not be deducted from a win rate?
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Old 01-09-2021, 08:52 AM   #25138
ibelieveyouoweme$80k
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re: Winrates, bankrolls, and finances

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How could any time charge not be deducted from a win rate?
Well I mean technically you won that money at the table.

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Old 01-09-2021, 10:15 AM   #25139
Garick
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It's rake. It's just calculated all at once instead of each hand. I mean, technically you won the money that you tipped the dealer from each pot pushed too, but it's just the cost of doing business, so it gets deducted.
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Old 01-09-2021, 12:39 PM   #25140
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Some places in TX have you or at least give you the option to pay time by card

others don’t even allow you to pay time or tip in chips and they have separate chips for that

in theory this is because they’re not allowed to take rake/chips off the table afaik
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Old 01-11-2021, 05:08 PM   #25141
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by ibelieveyouoweme$80k View Post
Kind of an odd question and I guess it ultimately doesn't matter but ...

How do Texas players calculate your win rate?

Do you take what you buyin for and what you cash out for or what you buy in for and what you leave with? In other words what do you say about the time you pay at the end?
My room makes you pay up front and you can pay well in advance but for an accurate accounting of your winrate you'd need to include the time charge in your calculations. If you want an accurate win/loss on a particular session then you'd need to apply the time charges that accrued to that session.
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Old 01-19-2021, 09:25 PM   #25142
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re: Winrates, bankrolls, and finances

In a conventional time game, I just note what I buy in for and what I pick up with, and the time charge gets swept into that. There can be shenanigans like time pots and bomb pots muddying the waters around time collection.

In a TCH-style hourly fee for being in the room, I think I would track my room fees separately.
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Old 02-05-2021, 03:44 AM   #25143
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re: Winrates, bankrolls, and finances

Finally have enough sample to start talking results a bit. Since I got back into poker in early 2019 and started learning NL I've played 345 hours. My previous poker experience was beating 2/4&3/6 online limit 6-max for $45/hr right before black Friday so I'm not only rusty but learning no limit for first time.

Caveat is that 140ish of these hours where in casinos and a home game pre covid and 200 were what I call "e-live" games post-covid. E-live are private online games I've gotten into with a pool of live recs and no rake (one live pro has snuck in to the bigger pool). E-live can also be anywhere from 40 hands per hour to 130 so each hour of e-live is like 2-3 hours real live. They are... very nice games to play in.

Casino 1/3, +1616 over 90hrs.
Casino 2/5 -2657 over 35hrs.
E-live + home games 1/2 +13,338 over 220hrs.

Not only are the e-live games soft but I started upswing around that time too and I think my game had massive improvements. The valley of this graph is right before I started playing e-live and working through upswing content.

Biggest downswing, +2000 to -4000 near start from Casino and a wild home game play. Also went +11600 to +9700 entering a new e-live situation and getting coolered while building reads on new player pool. Took a bit but I'm finally learning that they really are peeling 2/3 pot bets with only back door flush draws and raising rivers only when they got the goods.

Worst sessions: -2400 at Casino 2/5 and -1300 at Casino 1/3. -885 at e-live 1/2.

I recently showed my wife this graph because I'm open about my results with her and she was shocked by the big downer at start haha. There is probably a post someone can dig up from last year of me asking people how many buy ins they'd light on fire learning a game before admitting they are a fish. I was close to hanging it up there.

I'm building up a bankroll to be able to play casino 2/5 regularly when things go back to normal.
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Old 02-07-2021, 06:40 AM   #25144
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10 full buy-ins for live 2/3?

Is 10 full buy-ins enough to play 2/3 live? I have a full time job which gives us a full buy-in each week to put towards the roll. Should I avoid shorthanded? The rake is 10% capped at $20. I suspect we have to play super tight.
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Old 02-07-2021, 08:27 AM   #25145
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Re: 10 full buy-ins for live 2/3?

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Is 10 full buy-ins enough to play 2/3 live? I have a full time job which gives us a full buy-in each week to put towards the roll. Should I avoid shorthanded? The rake is 10% capped at $20. I suspect we have to play super tight.
Sure, its fine if you have a full time job wich makes you able to refill the roll if **** hits the fan. 10 buyins is plenty in that situation.

Just go ahead and play, get your feet wet. The rake is big, but the game is likely still beatable. If there is many short stacks though, that would give me some concerns.

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Old 02-07-2021, 11:32 PM   #25146
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re: Winrates, bankrolls, and finances

If you have a job you only need one, really, but it's nice to have enough to not have to wait for the next paycheck after a bad run.

Whether or not 10 buyins is enough for that depends on factors specific to you. The higher your win-rate and the lower variance style/game you play the fewer buyins you need. The more hours you play the more likely you are to have a bad downswing within a short period of time like a week.

That rake is pretty rough. Your win-rate will probably not be really high if you even win at all, but it should be beatable. Hopefully the skill level of the pool is bad enough to compensate.
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Old 02-08-2021, 12:34 PM   #25147
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Re: 10 full buy-ins for live 2/3?

Quote:
Originally Posted by Exhale View Post
Is 10 full buy-ins enough to play 2/3 live? I have a full time job which gives us a full buy-in each week to put towards the roll. Should I avoid shorthanded? The rake is 10% capped at $20. I suspect we have to play super tight.
Having a full time job which replenishes a full BI each week will likely enable you to play the game forever (win or lose).

How big does the game play? Is the BI capped? Lotta shorter (< 100bb) stacks at the table? Cuz if this game is playing shorter stacked then that rake is brutal cuz most pots won't outrun the rake. Ex. If you play a $200 pot HU (which isn't a large HU pot but it isn't a small one either), 20%+ of your winnings from the hand will be raked, and that's tough to overcome. Super tight (and even tighter) is likely the best method as you simply can't afford to dick around in pots not outrunning the rake from all positions, imo.

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Old 02-11-2021, 02:38 AM   #25148
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re: Winrates, bankrolls, and finances

10 buy in down swings should be uncommon if you are good, but they will absolutely happen. So if you are say a solid winner, let’s say 5bb/hr or 15bb/100 for live, and you play 500 hours, there is a 37% chance of a 1000 bb downswing over a sample of 12,000 hands using a standard deviation of 150.

If I had a full time job I would feel confident playing with 10 buy ins since the likelihood of starting off with the 10 buy in down swing is low, even if it will happen eventually.
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Old 02-11-2021, 08:41 AM   #25149
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Sorry, I meant to write over a 15,000 hand sample.
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Old 02-13-2021, 04:13 PM   #25150
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re: Winrates, bankrolls, and finances

What is a solid win rate at 2-5 200bb capped game?

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