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Old 02-24-2013, 07:19 PM   #4176
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re: Winrates, bankrolls, and finances

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it has a ten year statute of limitations. the IRS can petition at the ten year mark to have it extended to 20 years.

Thankfully for a family member of mine who owed 100k+, they didnt
Another reason to file the truth - the statute of limitations is different for failure to file or for tax fraud (hint: none)
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Old 02-25-2013, 02:55 PM   #4177
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re: Winrates, bankrolls, and finances

Hey fellows, I had an interesting situation come up last night.

I was seated directly to the left of a massive fish who had $1600+ on the table in a 1/2 game. One seat over from him was a maniac who was in the game for $1200-$2000. He had about $800 on the table at the time. Many other players were sitting on $500-$1000.

I convinced everyone to make it a table stakes game and emptied my wallet plus secured a $500 loan from someone else to put $1400 on the table. My bankroll is currently $7100. So, I was risking just under 20% of my roll. I felt pretty comfortable as I had a perfect seat and quite a bit of experience playing extremely deep whereas I can almost guarantee the other players had little to no experience playing deep and the two to my right were especially prone to multiple buy in mistakes. I felt good, with no signs of tilt or impatience on the night. Is it inadvisable to put that much of my roll on the table for what I deemed to be a golden opportunity?
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Old 02-25-2013, 03:00 PM   #4178
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re: Winrates, bankrolls, and finances

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Hey fellows, I had an interesting situation come up last night.

I was seated directly to the left of a massive fish who had $1600+ on the table in a 1/2 game. One seat over from him was a maniac who was in the game for $1200-$2000. He had about $800 on the table at the time. Many other players were sitting on $500-$1000.

I convinced everyone to make it a table stakes game and emptied my wallet plus secured a $500 loan from someone else to put $1400 on the table. My bankroll is currently $7100. So, I was risking just under 20% of my roll. I felt pretty comfortable as I had a perfect seat and quite a bit of experience playing extremely deep whereas I can almost guarantee the other players had little to no experience playing deep and the two to my right were especially prone to multiple buy in mistakes. I felt good, with no signs of tilt or impatience on the night. Is it inadvisable to put that much of my roll on the table for what I deemed to be a golden opportunity?
You've got to give us more than that, like do you have other income?

In a vacuum that's too aggressive for my blood. I'd rather you sit down with $500-$700 there.
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Old 02-25-2013, 03:35 PM   #4179
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re: Winrates, bankrolls, and finances

Bank roll is completely separate from life roll. I can take the 29% hit if disaster strikes.
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Old 02-25-2013, 03:41 PM   #4180
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re: Winrates, bankrolls, and finances

That's about as good a spot as you can ask for when putting a large % of your roll at stake. Especially given all the variables here, position, experience playing deep, good mindset, separate BR/liferoll.

how'd it go?
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Old 02-25-2013, 04:06 PM   #4181
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re: Winrates, bankrolls, and finances

Lost a little bit. I was completely card dead for the entire session. I was there for 5 hours and never hit a pair. Set mined once and missed. I think I played 5 hands in 4.5 hrs. Frustrating when you see hundreds changing hands on 2nd pair vs. 3rd pair, but nitting it up was the way to go in that spot.
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Old 02-25-2013, 04:32 PM   #4182
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re: Winrates, bankrolls, and finances

Fwiw I sit in games with large chunks of my BR all the time if I think the game is good but I'm not a pro.
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Old 02-25-2013, 04:34 PM   #4183
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re: Winrates, bankrolls, and finances

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Fwiw I sit in games with large chunks of my BR all the time if I think the game is good but I'm not a pro.
You have a rather meaningful non-poker income and life roll, though, and you're willing to move down if you take a hit.
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Old 02-25-2013, 04:39 PM   #4184
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re: Winrates, bankrolls, and finances

I've never felt I played my A game with 25+% of my roll on the table. I can't imagine buying in for such a substantial portion.
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Old 02-25-2013, 08:07 PM   #4185
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re: Winrates, bankrolls, and finances

How much BR is enough to withstand 50 hours of 2/5 without going bust? Assuming player is on the nitty side of TAG reducing a little variance. I know there are ups and downs to the grind, but what is the most a winning player can lose in only 50 hours of poker, or atleast an average loss of a losing session of this time frame?

I kindof asked this question before, but got very little response, so I am trying to reword it here to get more feedback.

Thanks.
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Old 02-25-2013, 08:57 PM   #4186
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How much BR is enough to withstand 50 hours of 2/5 without going bust? Assuming player is on the nitty side of TAG reducing a little variance. I know there are ups and downs to the grind, but what is the most a winning player can lose in only 50 hours of poker, or atleast an average loss of a losing session of this time frame?

I kindof asked this question before, but got very little response, so I am trying to reword it here to get more feedback.

Thanks.
It's a pretty bad question, but I'd say 5k should be good
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Old 02-25-2013, 09:05 PM   #4187
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re: Winrates, bankrolls, and finances

Dropping 5k in 50 hours would be sooooo bad at 2/5.
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Old 02-25-2013, 09:16 PM   #4188
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Dropping 5k in 50 hours would be sooooo bad at 2/5.
Have you ever won 5k in 50 hours?
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Old 02-25-2013, 09:19 PM   #4189
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Yes. Regardless, that'd be ****ing terrible.
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Old 02-25-2013, 09:23 PM   #4190
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Have you ever won 5k in 50 hours?
5k in 50 is not that hard.
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Old 02-25-2013, 09:24 PM   #4191
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re: Winrates, bankrolls, and finances

Yeah like I would def go home after 2k, not worth the mind ****
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Old 02-25-2013, 09:25 PM   #4192
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re: Winrates, bankrolls, and finances

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Dropping 5k in 50 hours would be sooooo bad at 2/5.
Not really. It's only ten buy ins of 100bb and if you are buying in for 200bb then it only takes a bit of run bad.
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Old 02-25-2013, 09:26 PM   #4193
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re: Winrates, bankrolls, and finances

Oh lol thought you said 5 hours, getting stuck 5k in 50 hours in a big 2/5 game is possible, two lost flips one cooler and some run bad play bad in a 1k game is not uncommon.
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Old 02-25-2013, 09:27 PM   #4194
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re: Winrates, bankrolls, and finances

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Not really. It's only ten buy ins of 100bb and if you are buying in for 200bb then it only takes a bit of run bad.
I'm not saying it's undoable, but it's a ****ing terrible run dude. Dropping 1k bbs in 3000 hands.... that's some epic run bad if you're a significant winner.

Especially considering how much river play and showdown happens in llsnl.
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Old 02-25-2013, 09:31 PM   #4195
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This month alone, I lost $3400 in 32 hours, then won $4700 in 21 hours, turn right after, down another $1200 in 24 hours.

That's last 77 hours, in which I am roughly even.
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Old 02-25-2013, 09:33 PM   #4196
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re: Winrates, bankrolls, and finances

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I'm not saying it's undoable, but it's a ****ing terrible run dude. Dropping 1k bbs in 3000 hands.... that's some epic run bad if you're a significant winner.

Especially considering how much river play and showdown happens in llsnl.
It depends on the game. You want to be sitting with 200bb live so you can set mine vs the fish. With only 100bb it is hard to profitably do this. It would only take a couple badly timed bluffs, a bit of run bad and you could easily find yourself down a lot. 1000 bb downswings arent that insane if the game plays big. Obviously if everyone is a nit and there is a 500max buy in its harder.
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Old 02-25-2013, 09:35 PM   #4197
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If everyone is bad downswings like that should be significantly less likely.

Also, if you're trying to focus on setmining you're doing it wrong, even if you're 200bb deep everywhere.
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Old 02-25-2013, 09:42 PM   #4198
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If everyone is bad downswings like that should be significantly less likely.

Also, if you're trying to focus on setmining you're doing it wrong, even if you're 200bb deep everywhere.
Dude, the OP asked what is a safe BR for 50 hours. It's definitely possible to lose 5k in 50 hours. Yes, you do have to run poorly, but you're acting like its impossible.

If you disagree with my answer to the OP, then give a better number. I think my number will get him through 50 hours though, with a reasonable RoR.
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Old 02-25-2013, 09:45 PM   #4199
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re: Winrates, bankrolls, and finances

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Dude, the OP asked what is a safe BR for 50 hours. It's definitely possible to lose 5k in 50 hours. Yes, you do have to run poorly, but you're acting like its impossible.

If you disagree with my answer to the OP, then give a better number. I think my number will get him through 50 hours though, with a reasonable RoR.
safe != 100% failure prevention
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Old 02-25-2013, 10:04 PM   #4200
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re: Winrates, bankrolls, and finances

Everyone underestimates how badly it is possible to run, especially if the game is aggressive and people are stacking off light. Maybe you will get stacked for 200bb with aces or kings vs a guy who has been getting it in with top pair all day and this time he happens to have a monster. Maybe you will have no hands and it is a non folding table so you lose 400 in a 10 hour session.

Setmining is just an example. When we are up against no foldem players our goal should be to make a hand that we are happy sticking all our chips in with. I am usually happy committing with a set.
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