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Old 05-05-2021, 11:34 PM   #25251
WannaBeLag
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2/3 and 2/5 rakes and hourly rate short handed buyins

If the the rake is 10% capped at $20 and your playing 2/5 or 2/3 in australia is this game beatable? Also if people buy-in for $100 instead of $300 in 2/3 should you not play? Some might buy-in for $300.

Can you make a living from these games? Meaning $20+ a hour. If you play for 30 hours can you make $600?

I'm considering putting in the work like squidface posted in the beginners forum
but I wanna at least make $600 a week if I play 30 hours. When the casino opens up I may just play 2/5 which might earn a better hourly return than 6 hour pub poker licence games. those games run 7 days a week and you can probably get in 30-40 hours of play time in the pubs.

PLO is 1/2 with the same rake and i dunno if that's even worth playing.

Probably take $300 next week and go and play 2/3 live NLH if its beatable for a good player.
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Old 05-06-2021, 03:04 AM   #25252
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Re: 2/3 and 2/5 rakes and hourly rate short handed buyins

I'm unclear. 10% capped at $20 per hour, or per hand? If it's per hand, then it would be a brass-plated-b**** beating the game (unless you are very good at table selection). $20 an hour would be great.
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Old 05-06-2021, 04:44 AM   #25253
WannaBeLag
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Re: 2/3 and 2/5 rakes and hourly rate short handed buyins

Its per hand.

I'm starting to think poker is a waste of time. rake is only going to increase as well
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Old 05-06-2021, 05:35 AM   #25254
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Re: 2/3 and 2/5 rakes and hourly rate short handed buyins

Those levels of rake are really hard to beat. I would stay away from these games.

Earning $20 hr in good 2/5 games is quite reasonable, assuming non-predatory rake. But may still require some game selection

Last edited by monikrazy; 05-06-2021 at 05:42 AM.
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Old 05-06-2021, 06:01 AM   #25255
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re: Winrates, bankrolls, and finances

I've heard the games in Australia are quite soft, and I would guess a large reason for that is the rake which is quite prohibitive to making a decent living playing poker (not to mention the high cost of living). On the bright side, at you least in Australia you don't tip when you win a pot, but I think tipping is of minimal concern compared to that high rake.

Also, the idea that you can play poker 20 hours and expect to make $600 is laughable. Poker does not provide a steady safe source of income. You could win $600 in 5 minutes and then proceed to lose $2000 over the next 80 hours.

Honestly to be good at poker takes a lot of work, a lot more work than is required in most jobs, and poker gives a lot more mental anguish, no paid benefits, and limited upside relative to most industries. If anyone told me they wanted to grind a game where players regularly buy in for $100 I'd tell that person to get a job, regardless of the rake.

Unlike a normal job, in Australia you don't have to pay any taxes on gambling winnings so that's a big positive. Still, if you want to pursue poker I'd highly recommend you do it on the side (ie nights/weekends) while you work a real job. Not only will you make more money this way but you're far less likely to burn out from poker which can become quite dull when you grind it 40hrs a week.
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Old 05-06-2021, 06:41 AM   #25256
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re: Winrates, bankrolls, and finances

In one way the game always moderates; if the rake goes up it knocks out some good players who were willing to play at "x" win-rate but not less and so the game gets easier because they're gone(more rake is better). The problem is having actual good players willing to lose long term just because they enjoy the game. They enable the house to raise rake infinitely.
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Old 05-06-2021, 08:18 AM   #25257
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re: Winrates, bankrolls, and finances

Figured I'd post my giraffe since I rarely play anymore.
About 3240 hrs of this is NL, the rest is mostly plo 3660hrs

Last edited by GatorXP; 05-06-2021 at 08:28 AM.
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Old 05-06-2021, 09:07 AM   #25258
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by GatorXP View Post
Figured I'd post my giraffe since I rarely play anymore.
About 3240 hrs of this is NL, the rest is mostly plo 3660hrs
Nice work Gator
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Old 05-06-2021, 11:19 AM   #25259
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Re: 2/3 and 2/5 rakes and hourly rate short handed buyins

Quote:
Originally Posted by WannaBeLag View Post
If the the rake is 10% capped at $20 and your playing 2/5 or 2/3 in australia is this game beatable? Also if people buy-in for $100 instead of $300 in 2/3 should you not play? Some might buy-in for $300.

Can you make a living from these games? Meaning $20+ a hour. If you play for 30 hours can you make $600?

I'm considering putting in the work like squidface posted in the beginners forum
but I wanna at least make $600 a week if I play 30 hours. When the casino opens up I may just play 2/5 which might earn a better hourly return than 6 hour pub poker licence games. those games run 7 days a week and you can probably get in 30-40 hours of play time in the pubs.

PLO is 1/2 with the same rake and i dunno if that's even worth playing.

Probably take $300 next week and go and play 2/3 live NLH if its beatable for a good player.
10% capped at $20 at a 2/3 NL game with $100 - $300 BI seems pretty horrendous to me. If everyone is clueless and shoving blind every hand, you'll do fine. But in games slightly worse than that, it's my guess that it would be very difficult to beat for any significant clip.

But nothing wrong with just getting your feet wet in the game on the side (for purely recreational purposes) and simply seeing how it goes. Get yourself a small 1000 hour sample size over 1 - 3 years and then you'll have a slightly better idea of what you may be capable of in that game.

Ggoodluck!G
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Old 05-08-2021, 04:18 AM   #25260
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by GatorXP View Post
Figured I'd post my giraffe since I rarely play anymore.
About 3240 hrs of this is NL, the rest is mostly plo 3660hrs
Nice job. I can't read any of the graph though so no clue how much this is or how many hours on the graph.
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Old 05-08-2021, 07:01 AM   #25261
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re: Winrates, bankrolls, and finances

Not sure why the resolution degrades.

Top is 250k
To the right is 7k hrs

Last edited by GatorXP; 05-08-2021 at 07:10 AM.
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Old 05-08-2021, 09:35 AM   #25262
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re: Winrates, bankrolls, and finances

Strong work Gator!!

big dip in center looks reasonably painful
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Old 05-08-2021, 09:41 AM   #25263
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re: Winrates, bankrolls, and finances

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Originally Posted by squid face View Post
Strong work Gator!!

big dip in center looks reasonably painful
Thanks Squidy,
yeah the pain didn't really seem that reasonable at the time lol

Quite the mind F××× Winrates, bankrolls, and finances
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Old 05-08-2021, 10:35 AM   #25264
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re: Winrates, bankrolls, and finances

If anyone wants to chat about Australian rake feel free to PM me regarding winrates possible etc.

Main game at my local casino is 10%/$15 for 2/5 and ~6.5% /$20 for 5/5
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Old 05-08-2021, 07:19 PM   #25265
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by birdayy View Post
If anyone wants to chat about Australian rake feel free to PM me regarding winrates possible etc.

Main game at my local casino is 10%/$15 for 2/5 and ~6.5% /$20 for 5/5
You can't post the information you have in the thread?
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Old 05-09-2021, 06:34 PM   #25266
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re: Winrates, bankrolls, and finances

Almost fully vaccinated and getting ready to get back to poker. Played 77 hours last year, 13,350 won, mostly 2/5/10 PLO. PLO at my casino has died it looks like, so gonna have to go back to hold'em.. hopefully it's gotten less nitty. Gonna guess some of the 'pros' had to find other income, so seems promising.
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Old 05-09-2021, 08:55 PM   #25267
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re: Winrates, bankrolls, and finances

The hold'em at my re-opened local cardroom is definitely *not* nitty.

ObWinrate: 30bb/hour over twenty hours so far. Sustainable?
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Old 05-09-2021, 10:09 PM   #25268
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re: Winrates, bankrolls, and finances

congrats on the sustained success Gator - awesome looking graph
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Old 05-10-2021, 12:44 AM   #25269
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by AlanBostick View Post
The hold'em at my re-opened local cardroom is definitely *not* nitty.

ObWinrate: 30bb/hour over twenty hours so far. Sustainable?
Yes, but only if you're very good with table selection.
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Old 05-10-2021, 07:55 PM   #25270
Salsca11
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re: Winrates, bankrolls, and finances

How does everyone deal with downswings? I play 1/3 currently on a 1600 dollar down swing
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Old 05-10-2021, 08:03 PM   #25271
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How does everyone deal with downswings? I play 1/3 currently on a 1600 dollar down swing

we analyse our play carefully and make sure we’re exercising appropriate bankroll management
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Old 05-10-2021, 08:10 PM   #25272
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re: Winrates, bankrolls, and finances

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Originally Posted by AlanBostick View Post
The hold'em at my re-opened local cardroom is definitely *not* nitty.

ObWinrate: 30bb/hour over twenty hours so far. Sustainable?
No

Sent from my SM-G998U1 using Tapatalk
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Old 05-11-2021, 12:03 AM   #25273
AlanBostick
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How does everyone deal with downswings? I play 1/3 currently on a 1600 dollar down swing
That's less than five buy-ins. That's not a downswing; that's just noise.
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Old 05-11-2021, 12:07 AM   #25274
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I started the week with 5 BI in my poker roll. I now have 6.5 BI.


It is possible that COVID has somewhat cleansed live games of some of the low and mid range pros who were making it unprofitable. That's certainly true of online poker in the US with regard to Black Friday to now.
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Old 05-11-2021, 01:10 AM   #25275
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In my area, I think they moved to the Indian casino that spreads a 2/5.
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