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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%

01-02-2023 , 04:59 PM
Sorry, asking again.

So 200-1500 hours to confirm one is a winning player.

Then, how many hours to confirm one is a losing player assuming we can take note of when the player gets it in good/bad?

I’m guessing 30 hours is enough to confirm a losing player if they get it in bad more often than good.
Winrates, bankrolls, and finances Quote
01-03-2023 , 12:22 AM
Quote:
Originally Posted by PZ2
Sorry, asking again.

So 200-1500 hours to confirm one is a winning player.

Then, how many hours to confirm one is a losing player assuming we can take note of when the player gets it in good/bad?

I’m guessing 30 hours is enough to confirm a losing player if they get it in bad more often than good.
Answering again:
Quote:
The actual formula to determine the 95% CI bounds in relation to your observed winrate is 2*(standard deviation per hour in BBs)/square root of hours played. It should be very obvious that as the SDev goes down, the hours will go into it less times, making a smaller CI band. It should also be obvious that as hours go up, they will go into the SDev fewer times, also tightening the band.

Additionally, as should be very obvious, if you are trying to know if someone is a winner or loser, than observed winrate matters a ton in how long it will take. Consider for example, someone with an observed winrate of 20bb/hr over a small number of hours who's 95% CI is +or- 10BB/hr. That means that his true winrate is almost certainly between 10 to 30BB/hr. He is a winning player. Now consider a player with all else being equal (same number of hours and CI band), but he has an observed winrate of 7BB/hr. That means his longterm winrate is almost certainly between -3 to 17BB/hr. We don't know yet if he is a winning player.

However, if we take the same two players and give them enough hours to shrink their CI band to +/- 5BB/hr, we would now know that they are both winning players.
Winrates, bankrolls, and finances Quote
01-03-2023 , 04:34 AM
Quote:
Originally Posted by davomalvolio
I’ve regrettably found myself back in the poker room—like Doug Polk, my “retirement” lasted about two weeks.

I lost my job 4 months ago and…am still looking for a new one. We need SOME money coming in, and—while my current win rate is obviously unsustainable—I think it’s equally obvious that I can beat this game quite easily. So as much as I hate it, I don’t really see any better options. I could work at a gas station or whatever, but that would pay less than my unemployment.

I’m at least cutting down the hours, because going back to the old schedule would make me lose my mind.

Apologies to everyone who hated “$2-$100 spread-limit” posts.
from this to busto in 1 day! amazing!
Winrates, bankrolls, and finances Quote
01-03-2023 , 05:11 AM
Quote:
Originally Posted by AlanBostick
Nobody is answering the question, "how likely is this going to happen?"

In the games that I play in, the RMS deviation for an hour's play is something on the order of 60 big blinds.

Suppose your win rate is 10 bb/hour. and you play a five-hour session. Your expected win is going to be 50 bb, and the RMS deviation of that win is going to be sqrt(5) * 60 = 112 bb.
Third, the wins and losses at poker might not be normally distributed. The tails could be surprisingly fat, because of internal correlations in results between hands of a session.
Also there's 'winrates in certain spots', like, you 3b AK and brick vs a fish etc . Maybe you ARE a 10bb/winner, in all spots, but the spots in your session were ones you are a loser at.
Winrates, bankrolls, and finances Quote
01-03-2023 , 10:59 AM
With the ending of 2022 I put in the most volume I’ve ever done, just over 1100 hours, which is more than double of my previous high of 495 hours. All of it while working a 40+ hour profession and having a wife and 2 elementary school aged kids at home.

It was a ****ing massive grind at times.

People who keep asking if 300 hours is enough time to determine a WR have no clue. I’d say the 1100 hours isn’t enough. I had three (3) 5 figure downswings playing ~80% $5 blinds, ~15% $10 blinds and the remaining at $3 blinds or $2 plo. I had multiple large upswings but I honestly don’t feel like looking and the loses are so much easier to remember than the winnings. At one point in June or July, I was winning over 11bb/hr through like 600 hours.

I had a month where I won 15k (February) and one where I lost 14k (Sep). Since the -14k month in September, it’s been an arduous slog through the bowels of mental poker hell to attempt to get back to winning ways. It’s involved looking, relooking and re-relooking at ways I’m playing spots.

I don’t believe, through 1100 hours this past year, that my true winrate is showing. I play in a fairly large player pool (almost 50 tables some nights), and I can tell you many things the regs do wrong and how to beat them. I can basically tell you where my edge is against 7 or 8 of the players at any table at any time, or if I don’t have one because they are just better than me. I’m not sure a true winrate is conceivable at live nl holdem. It’s just too slow of a game and we and our opponents do not have infinite time to play.

All this is effectively to say that when everything is going well, poker is an amazing game, and when everything is going poorly, poker is a mother****er
Winrates, bankrolls, and finances Quote
01-03-2023 , 01:38 PM
My live 1/3 NL 2022 Stats and Giraffe:





After getting lol hours in the Coronaids years of 2020/2021, I bounced back with a 415 hour year (which had 1.5 months of Coronaids closures at the beginning of the year). Got back in line with my 2018/2019 winrates (of $21.35/hr and $22.08/hr). Would have snap accepted this winrate at the beginning of the year, and will snap accept it again for 2023. Always kinda surprised that my nitty-as-**** method still seems to ship at this rate (which is pretty much in line with my overall winrate at my 5506.5 hour mark of live 1/3 NL).

As always, I'm quite trepidatious of the upcoming year. The rake has recently gone up again in our game (10% now maxed at $9) and there's a very good chance it will increase yet again this year. Also a rumour that they will introduce a high hand board this year, so likely another $1 drop on top of the already existing $1 BBJ drop. My overall winrate hasn't been below $20/hour since September 27, 2011, but if I ship a poor single digit winrate year like I did in 2015/2017, I'll get there this year. But really it's just a matter of time.

Also very good chance moving forward that I'll only get in 450 hour years (instead of my typical 550 hour years) as I'm balancing out my weekend poker days a bit healthier. 10 - 12 hour sessions (the norm before) are going to be unlikely, and instead I'll usually be capping at 8 hours so I can get home, cook a healthier dinner than fast food, and hang out with the wife and puppy.

GcluelessnitpokernoobG
Winrates, bankrolls, and finances Quote
01-03-2023 , 01:43 PM
I feel you on the rake. Encore Boston in the same shape. Yup. I beat a $10 rake at 1/3 this year. Woo hoo! Moving up to 2/5 to minimize the continued damage is in the works for 2023!
Winrates, bankrolls, and finances Quote
01-03-2023 , 01:49 PM
Quote:
Originally Posted by johnny_on_the_spot
People who keep asking if 300 hours is enough time to determine a WR have no clue. I’d say the 1100 hours isn’t enough.
Every year there seems to be a new bunch of in-between-job guys attempting to make a go of a livable wage in our 1/3 NL game. I always wonder how long they will last. There's one guy that's currently been doing it for quite a while, and he's outlasted the guy before him who had being doing it for quite a while (but I haven't seen in over half a dozen years). But my guess is that there is a crapload of broken bodies left behind, all of whom got off to a great start over lol 1000 hour sample sizes, only to eventually be eaten up by this game.

Impressive volume for a rec with a family, good luck Johnny!

GcluelessfittingpokerintolifenoobG
Winrates, bankrolls, and finances Quote
01-03-2023 , 05:29 PM
Quote:
Originally Posted by johnny_on_the_spot
With the ending of 2022 I put in the most volume I’ve ever done, just over 1100 hours, which is more than double of my previous high of 495 hours. All of it while working a 40+ hour profession and having a wife and 2 elementary school aged kids at home.

It was a ****ing massive grind at times.

People who keep asking if 300 hours is enough time to determine a WR have no clue. I’d say the 1100 hours isn’t enough. I had three (3) 5 figure downswings playing ~80% $5 blinds, ~15% $10 blinds and the remaining at $3 blinds or $2 plo. I had multiple large upswings but I honestly don’t feel like looking and the loses are so much easier to remember than the winnings. At one point in June or July, I was winning over 11bb/hr through like 600 hours.

I had a month where I won 15k (February) and one where I lost 14k (Sep). Since the -14k month in September, it’s been an arduous slog through the bowels of mental poker hell to attempt to get back to winning ways. It’s involved looking, relooking and re-relooking at ways I’m playing spots.

I don’t believe, through 1100 hours this past year, that my true winrate is showing. I play in a fairly large player pool (almost 50 tables some nights), and I can tell you many things the regs do wrong and how to beat them. I can basically tell you where my edge is against 7 or 8 of the players at any table at any time, or if I don’t have one because they are just better than me. I’m not sure a true winrate is conceivable at live nl holdem. It’s just too slow of a game and we and our opponents do not have infinite time to play.

All this is effectively to say that when everything is going well, poker is an amazing game, and when everything is going poorly, poker is a mother****er
I know right where you're at, respect to you for it. One thing that helps me a tiny bit is a saying ''you never know what tomorrow will bring''

glllllll
Winrates, bankrolls, and finances Quote
01-04-2023 , 01:38 AM
Ran great in 2022.

$22,994 over 588 hours at $1/2.

$39.10 an hour.

I expect that will come down significantly in 2023. A couple of reg whales have pretty much cut me off from any action. Still amazes me that anyone can donk off $10k in a month at $1/2. I guess $10K is peanuts to some people.
Winrates, bankrolls, and finances Quote
01-04-2023 , 03:38 AM
The surest way of figuring out if you’re a winning player is…to win money. So if you’re still unsure after 200 hours, 300 hours, 500 hours…

I’d say…thank you? We appreciate you for keep trying to find out if you are a winning player. Keep playing and keep asking!
Winrates, bankrolls, and finances Quote
01-05-2023 , 04:04 PM
What’s a reasonable bankroll and/or session roll playing 5T?

I have a full-time job, so not playing poker strictly for the money. The max I can play is twice a week and probably wouldn’t play more than 500 hours in a year.

I’ve beaten $2-5. I have a separate working BR of roughly 15k and can add if I need to. My current stop loss at $2-5 is 2k. My goal for the year is to play some 5T, and really see where my game is. I’m thinking 3k per session is enough.
Winrates, bankrolls, and finances Quote
01-05-2023 , 04:27 PM
Quote:
Originally Posted by Ramson_
What’s a reasonable bankroll and/or session roll playing 5T?

I have a full-time job, so not playing poker strictly for the money. The max I can play is twice a week and probably wouldn’t play more than 500 hours in a year.

I’ve beaten $2-5. I have a separate working BR of roughly 15k and can add if I need to. My current stop loss at $2-5 is 2k. My goal for the year is to play some 5T, and really see where my game is. I’m thinking 3k per session is enough.
Not all 5-T are the same for example bellagio 5-T is max 1500 while wynn 5-10 is uncapped or texas has mts 5-10.

In general 15k is a good br for 2-5, i’d say you can take shots at 5-10 buyin 1500 at 30k and move down once your at 20k, this is obviously considering you have a job and are not basing all your income on poker.
Winrates, bankrolls, and finances Quote
01-05-2023 , 05:56 PM
Quote:
Originally Posted by Joe-exotic69
Not all 5-T are the same for example bellagio 5-T is max 1500 while wynn 5-10 is uncapped or texas has mts 5-10.

In general 15k is a good br for 2-5, i’d say you can take shots at 5-10 buyin 1500 at 30k and move down once your at 20k, this is obviously considering you have a job and are not basing all your income on poker.
I'm primarily playing for the love of the game and of course to make some money, but it's not the top priority. I dedicated 4-5 years to working on my finances/career, thankfully that is in good standing right now so I can focus a little bit more on poker this year.

1.5-2k buy-in is what I am thinking about. Losing 2k and adding on for 1k isn't all that appealing so to start off with I'll try 1.5k and evaluate from there. The 5T games in my areas are uncapped.
Winrates, bankrolls, and finances Quote
01-05-2023 , 06:26 PM
Quote:
Originally Posted by Ramson_
What’s a reasonable bankroll and/or session roll playing 5T?

I have a full-time job, so not playing poker strictly for the money. The max I can play is twice a week and probably wouldn’t play more than 500 hours in a year.

I’ve beaten $2-5. I have a separate working BR of roughly 15k and can add if I need to. My current stop loss at $2-5 is 2k. My goal for the year is to play some 5T, and really see where my game is. I’m thinking 3k per session is enough.
Bank roll is a moatly useless concept for someone who can replenish their roll and is a winning player. The only thing a "bankroll" does for someone who has external income they can out into poker is it determines how long they have to go between losing sessions.

But 15 of your average buy ins should get you through your typically down swings if you're an otherwise winning player
Winrates, bankrolls, and finances Quote
01-05-2023 , 07:14 PM
There is a psychological aspect to having a bank roll as a part time player too. Are you willing to push a thin advantage by semi-bluffing 10% of your bankroll? How about 2%?
Winrates, bankrolls, and finances Quote
01-05-2023 , 07:22 PM
If its uncapped and your buyin 1500 then i suggest finding a 5T where most people aren’t straddling.
Winrates, bankrolls, and finances Quote
01-06-2023 , 12:23 AM
Main motivation for a rec player who wants to move into the biggest game is bragging rights.

The part they can't see about moving up is whether their ego will allow them to move back down.
Winrates, bankrolls, and finances Quote
01-06-2023 , 02:37 PM
Quote:
Originally Posted by iraisetoomuch
Bank roll is a moatly useless concept for someone who can replenish their roll and is a winning player. The only thing a "bankroll" does for someone who has external income they can out into poker is it determines how long they have to go between losing sessions.

But 15 of your average buy ins should get you through your typically down swings if you're an otherwise winning player
This makes sense.


Quote:
Originally Posted by bip!
There is a psychological aspect to having a bank roll as a part time player too. Are you willing to push a thin advantage by semi-bluffing 10% of your bankroll? How about 2%?
I lean toward risk-neutral more so than being risk aversed. I like to think I'll be willing to push a thin advantage, especially if I trust my read. But, keeping my ego in check, I don't want to say "F yea I'll push that edge at the cost of losing 10% of my BR!" Pushing a 2% advantage is no problem.



Quote:
Originally Posted by Joe-exotic69
If its uncapped and your buyin 1500 then i suggest finding a 5T where most people aren’t straddling.
sounds good.



Quote:
Originally Posted by Tanqueray
Main motivation for a rec player who wants to move into the biggest game is bragging rights.

The part they can't see about moving up is whether their ego will allow them to move back down.
I wouldn't be playing 5T every time, I don't believe they run every day in my area so I'll have to play $2-5.




Thank you for all the responses.
Winrates, bankrolls, and finances Quote
01-07-2023 , 03:11 PM
Quote:
Originally Posted by Ramson_
What’s a reasonable bankroll and/or session roll playing 5T?

I have a full-time job, so not playing poker strictly for the money. The max I can play is twice a week and probably wouldn’t play more than 500 hours in a year.

I’ve beaten $2-5. I have a separate working BR of roughly 15k and can add if I need to. My current stop loss at $2-5 is 2k. My goal for the year is to play some 5T, and really see where my game is. I’m thinking 3k per session is enough.
As long as you are willing to leave 15 minutes in to a session when you are sitting at the best table you've been at in 15 months because you ran bad in a couple hands.
Winrates, bankrolls, and finances Quote
01-07-2023 , 03:23 PM
Quote:
Originally Posted by KatoKrazy
As long as you are willing to leave 15 minutes in to a session when you are sitting at the best table you've been at in 15 months because you ran bad in a couple hands.
Ya can't play if ya run out of money
Winrates, bankrolls, and finances Quote
01-07-2023 , 04:49 PM
Quote:
Originally Posted by KatoKrazy
As long as you are willing to leave 15 minutes in to a session when you are sitting at the best table you've been at in 15 months because you ran bad in a couple hands.
Every table is good 2/5 and below so I don't agree with this comment even though I read it a lot. The offset of a good table is the player tilting 2 BI down and don't give me that "I never tilt" bs cause usually the biggest tilters are the ones that have fooled themselves into thinking garbage plays when they are down are actually passable.
Winrates, bankrolls, and finances Quote
01-07-2023 , 08:52 PM
Quote:
Originally Posted by AAJTo
Every table is good 2/5 and below so I don't agree with this comment even though I read it a lot. The offset of a good table is the player tilting 2 BI down and don't give me that "I never tilt" bs cause usually the biggest tilters are the ones that have fooled themselves into thinking garbage plays when they are down are actually passable.
We aren't talking about 2/5 we are talking about 5/T.
Winrates, bankrolls, and finances Quote
01-07-2023 , 08:53 PM
Quote:
Originally Posted by Ramson_
Ya can't play if ya run out of money
Exactly. I was pointing out your stop loss (and really overall bankroll) might be a bit low. I don't see any problems shot taking but just realize you might bet quickly slapped back down to 2/5 licking your wounds a few times before you stick.
Winrates, bankrolls, and finances Quote
01-19-2023 , 01:33 AM
Quote:
Originally Posted by PZ2
I’m actually most curious about how long it takes to confirm someone is a losing player.

20 hours should be enough if the losses are egregious and if one keeps getting it in bad.

But perhaps 100 is also enough if they’re losing at like 10BB/hour?


How long would it take to confirm a 2bb/hour loser?
I have had many 20 hour losing samples.

This wasn't in situations where I was against good players. This was in situations where I was the only pro at the table and people were playing their cards without looking and on a KQJT rainbow turn someone jams and not one but two players call with 9x because they can't fold a straight.

multiple 20 hour losing stretches against those players
Winrates, bankrolls, and finances Quote

      
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