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Old 01-10-2013, 09:39 AM   #3526
rakeme
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re: Winrates, bankrolls, and finances

*I work part-time but don't want to reload.

I'm going to be playing live 1/2 ($5+1BBJ) a lot more often this year. I'm a slight winner online and used to win more before black friday happened. In your experiences is $5000 enough to be buying in for $300 at 1/2 NL? I've logged 402 hours at 1/2 NL in 3 years and have a winrate of $21.45/hr, but it's a small sample.

Thanks for the help, and also if you're buying in for $300 and start losing at what point would you begin to buyin for $200?
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Old 01-10-2013, 10:13 AM   #3527
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IMO - yes, that is enough assuming you have an edge on your opponents which it appears you do.
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Old 01-10-2013, 10:29 AM   #3528
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re: Winrates, bankrolls, and finances

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In your experiences is $5000 enough to be buying in for $300 at 1/2 NL?
Yes. In fact, you will still have $4700 left over.
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Old 01-10-2013, 01:14 PM   #3529
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by rakeme View Post
*I work part-time but don't want to reload.

I'm going to be playing live 1/2 ($5+1BBJ) a lot more often this year. I'm a slight winner online and used to win more before black friday happened. In your experiences is $5000 enough to be buying in for $300 at 1/2 NL? I've logged 402 hours at 1/2 NL in 3 years and have a winrate of $21.45/hr, but it's a small sample.

Thanks for the help, and also if you're buying in for $300 and start losing at what point would you begin to buyin for $200?
Does your part-time job cover your monthly nut? Do you have another savings?
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Old 01-10-2013, 02:59 PM   #3530
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Does your part-time job cover your monthly nut? Do you have another savings?
Yea it does cover it. And that's my entire savings. Goal is to grind 1/2 until I have a roll for 2/5 and then take it from there.

If I lost it all, I'd have a tough time coming up with another roll.
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Old 01-10-2013, 03:26 PM   #3531
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You can buyin full (300) and then go from there. Win eventually move up to 2/5, lose and stop playing for a while and reevaluate. You don't need to go broke to figure out you can't beat the game.
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Old 01-10-2013, 03:31 PM   #3532
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Yea it does cover it. And that's my entire savings. Goal is to grind 1/2 until I have a roll for 2/5 and then take it from there.

If I lost it all, I'd have a tough time coming up with another roll.
You should be fine then. Covering your monthly expenses is the most important part. After that, your golden. Unless you have a sick amount of credit card debt or something.

You will be fine with 5k. Maybe set a 2 BI stop-gap loss.

Get some money in savings before moving to $2/5.
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Old 01-10-2013, 03:33 PM   #3533
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Appreciate the responses, thanks everyone.
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Old 01-14-2013, 12:27 AM   #3534
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I made a thread about two questions I had, I feel one I'm quite clear on but the other I've seen mixed opinions about

"Do you keep track of tips (to the dealer)? It's quite easy to do so through the app but I found myself forgetting a lot and then not being sure exactly how much I had tipped. I'm also thinking there is not much point in keeping track since tipping is simply another 'expense' like the blinds."
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Old 01-14-2013, 12:42 AM   #3535
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re: Winrates, bankrolls, and finances

All that tracking and you will turn poker into a job...ugh.

I do not see much value in tracking tips. The only reason I could see it provide value is if you used the data to recognize overtipping patterns, or you were comparing different games/levels, or possibly comparing different styles of play (but even then do you really need that data).
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Old 01-14-2013, 01:39 AM   #3536
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Bad idea to grind 1/2 NL when the rake is $5 + $1 BBJ.

Recommend you stop playing poker and spend your time looking for another part-time job to start building up some more savings.

When you have more income and saved up a 10k bankroll from your work, then you can start grinding 2/5 NL in your free time.

In the meantime, please do yourself a favor and quit playing 1/2 NL.
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Old 01-14-2013, 01:51 AM   #3537
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re: Winrates, bankrolls, and finances

Dude you live in LALA land, no person is saving 10k from working a bs job.
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Old 01-14-2013, 02:18 AM   #3538
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He has 5k already. Why not get a second job and eat some instant ramen until he saves up another 5k?

You guys are smoking crack if you think saving 5k is impossible by getting a second job And cutting some expenses...
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Old 01-14-2013, 02:29 AM   #3539
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re: Winrates, bankrolls, and finances

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He has 5k already. Why not get a second job and eat some instant ramen until he saves up another 5k?

You guys are smoking crack if you think saving 5k is impossible by getting a second job And cutting some expenses...
There you have it everyone,
EZ way to get rolled for 2/5.
Get two jobs, work 60 hrs/week, and live like **** by cutting all expenses.
Be rolled for 2/5 in a year npnp.
Starting at 1/2 when you don't have much exp live would be silly, just start at 2/5 amirite...
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Old 01-14-2013, 02:32 AM   #3540
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There you have it everyone,
EZ way to get rolled for 2/5.
Get two jobs, work 60 hrs/week, and live like **** by cutting all expenses.
Be rolled for 2/5 in a year npnp.
Starting at 1/2 when you don't have much exp live would be silly, just start at 2/5 amirite...
That's what I tell everyone that asks me about playing poker.

Then I offer to give them a ride to the casino.
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Old 01-14-2013, 02:34 AM   #3541
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Bad idea to grind 1/2 NL when the rake is $5 + $1 BBJ.

Recommend you stop playing poker and spend your time looking for another part-time job to start building up some more savings.

When you have more income and saved up a 10k bankroll from your work, then you can start grinding 2/5 NL in your free time.

In the meantime, please do yourself a favor and quit playing 1/2 NL.
I just started grinding 1/2 NL but the rake is $5 flat, no BBJ. The game is also also makes the dealer button pay 1, sb and bb both 2, and the minimum "limp bet" is $4 to inflate pots.

I have no intention of using any profits for income, as I have a full time job.

I do, however, want to track my winnings and find out if I am a winning poker player, live (I believe I am), plus making some extra cash wouldn't hurt

Would you still recomend staying away from the game I just described?
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Old 01-14-2013, 03:05 AM   #3542
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LOL. This guy said his 1/2 NL game has $6 rake/hand. Do any of you understand how ridiculously high raked that is?

With that kind of rake, his 1/3 NL game is probably not beatable for anything more than $10/hour.

I would Mich rather get a part-time job than grind 1/2 NL for $10/hour.
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Old 01-14-2013, 03:10 AM   #3543
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If you have a full-time job, then go ahead and play with 1/2 NL with $5 rake for fun.

They key point is that you would be playing for fun.

The other guy who wanted to grind 1/2 NL with a $6 rake until he could start grinding 2/5 NL was significantly underestimating how the $6 take in his game is going to make grinding 1/2 NL self-defeating.

There are a lot of part-time jobs that pay more than $10/hour, so I would rather do that than grind a $6 raked 1/2 NL game for $10/hour.
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Old 01-14-2013, 03:18 AM   #3544
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If you have a full-time job, then go ahead and play with 1/2 NL with $5 rake for fun.

They key point is that you would be playing for fun.

The other guy who wanted to grind 1/2 NL with a $6 rake until he could start grinding 2/5 NL was significantly underestimating how the $6 take in his game is going to make grinding 1/2 NL self-defeating.

There are a lot of part-time jobs that pay more than $10/hour, so I would rather do that than grind a $6 raked 1/2 NL game for $10/hour.
I agree with this, but the thing is, starting at 2/5 where the 10k, losing, and swings would be a lot more intense than at 1/2, especially for a beginner.
Getting experience at the lowest level is going to be better than trying to just jump right into 2/5.

While bolded might be true for you, making your own schedule, gaining experience, playing poker, and making $10/hr is going to be a lot better than a job at $10/hr. Also just snap getting a job over $10/hr isn't super easy.
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Old 01-14-2013, 03:36 AM   #3545
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LolPony, the poster to whom we are referring already had a lot of online 6max experience before Black Friday and a little live 1/2 NL experience.

So he probably can jump into live 2/5 NL without grinding hundreds of hours at live 1/2 NL.

FWIW, I jumped straight into live 3/5 NL successfully without ever grinding lower stakes, so I doubt that I missed anything from those live 1/2 NL donkfests.

In any case you are just nit-picking. $6 raked 1/2 NL was a waste of time for that poster, and I did him a favor by pointing that out to him.
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Old 01-14-2013, 03:45 AM   #3546
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Im gonna beat 1/3 for $50 an hr with $6 rake

Vegas is beatable for the same

I cant beat 1/2 to save my life so no comment
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Old 01-14-2013, 03:46 AM   #3547
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You jumped into 3/5nl with a 10k non-replenishable bank roll?
A lot of online players have had trouble transition from online to live. It's a whole different beast.
Basically all I'm saying is that the experience gained from playing the 1/2 game > than getting a second job for a year and playing 2/5. Especially if he isn't used to losing a decent chunk of money(2k+) which could be pretty soul crushing to an online reg who was playing 25nl online. (which if he needed to ask this question, I'm sure it was probably 25nl or lower)
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Old 01-14-2013, 04:00 AM   #3548
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Does the $4 minimum bet amount change the ability to beat my 1/2/2 NL game? ($5 rake)
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Old 01-14-2013, 04:03 AM   #3549
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LolPony,

FWIW, I don't know any winning live NL pros in LA worth their salt who ever started grinding below the 2/5 NL level. All of them started grinding 2/5 NL or higher.

Bart Hanson and Limon describe this reason well in Bart's podcast. Basically, any live NL pro in LA had to start at 5/5 NL 500 cap or higher befoee they could make any real money because LA game structure and rake is so ridiculously absurd.
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Old 01-14-2013, 04:21 AM   #3550
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LolPony,

FWIW, I don't know any winning live NL pros in LA worth their salt who ever started grinding below the 2/5 NL level. All of them started grinding 2/5 NL or higher.

Bart Hanson and Limon describe this reason well in Bart's podcast. Basically, any live NL pro in LA had to start at 5/5 NL 500 cap or higher befoee they could make any real money because LA game structure and rake is so ridiculously absurd.
That may be the case in LA.
The rake and buy in structures are screwed up for lower limit games, and the cost of living is higher than in other places.

But the poster that you were giving advice to was in Philly, so I'm assuming he'd be playing either in AC or at Parx. In those rooms the rake is not absurd, nor are the average buy-ins. (It's 10% up to $5 max, so your small post aren't getting screwed, $200 or $300 max buy in.)
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