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Old 03-07-2013, 04:36 PM   #4301
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re: Winrates, bankrolls, and finances

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Originally Posted by Krakus View Post
I finally moved up to 2/5 from 1/2 and after my first 100 hours of play at 2/5 I am +$8,972 and I'm averaging $90/hr.

Running Good
nice. all still at the shoe?
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Old 03-07-2013, 04:59 PM   #4302
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re: Winrates, bankrolls, and finances

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one other longer poker session, a 14 hour 20 minute 2/4 Limit session (where I booked a sweet profit of $11, oh. yeah.)
This is the sickest brag I have ever read.
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Old 03-07-2013, 05:04 PM   #4303
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re: Winrates, bankrolls, and finances

Ugh. I see posts like these and feel like I can only dream. I really must work harder.

I feel like tax season is flying by...just over one month left, and I'm up just less than 2bb/hr over a total of 87 hours of play since the middle of January. I can't get lots of hours in because I have an evening cleaning job that keeps me tied up till 9 or so every weeknight.
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Old 03-07-2013, 06:27 PM   #4304
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re: Winrates, bankrolls, and finances

fwiw my buddy is a huge fish and moved to vegas for a job and plays 1/2 all over the place. says the games are incredibly soft.
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Old 03-07-2013, 06:32 PM   #4305
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re: Winrates, bankrolls, and finances

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fwiw my buddy is a huge fish and moved to vegas for a job and plays 1/2 all over the place. says the games are incredibly soft.
They are...
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Old 03-08-2013, 09:43 AM   #4306
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re: Winrates, bankrolls, and finances

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Originally Posted by Krakus View Post
I finally moved up to 2/5 from 1/2 and after my first 100 hours of play at 2/5 I am +$8,972 and I'm averaging $90/hr.

Running Good
Yeah I'm in a similar boat. I only play on weekends, averaging 77/hr over 151 hours of 2/5 play. Running good for sure. Split among the two casinos I go to, I have 90 hours at Casino A averaging 120/hr and 51 at Casino B other averaging 3/hr. So...yeah. Super tiny sample, of course, but the players at A are far worse than B as well so A will be my home turf for a while.

What do most in here consider a decent sample size for live play? 1,000 hours? Less? I have a couple of considerations going on.

1) When to attempt 5/10

2) At what point do I consider quitting my day job to play live poker full time? This is clearly a complex question where everyone is different. Just trying to see how you guys gauge this scenario. I really enjoy playing poker which not all winning players do. My job kind of sucks although it's easy and it pays decently, but I don't have any future in my position without going to grad school or pursuing difficult designations.

Give me some generalities if you'd like. Move to 5/10 if still beating 2/5 for X/hr over 300hrs? Quit my job and play poker if I'm making 2X(dayjob) over 500 hours? Stuff like that. I appreciate it a lot!

P.S. Perhaps this post is too personal and I should have started my own thread but i'm new to LLSNL and don't really know the etiquette around here.
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Old 03-08-2013, 11:34 AM   #4307
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re: Winrates, bankrolls, and finances

I don't know much, as I myself am fairly new, but I would say never quit your day job. I hear a lot around here that you need 1000 hours just to know something close to your actual $$/hr. That's a lot of hours, and it would require about 20 hours/week for one year (assuming two weeks off) just to know if you truly are a winner.

Also, keep in mind that while poker is fun now, there is a whole different stress level that comes with playing for a living. 8-9 hour sessions a day, losing swings, and emotionally being tied to results because that session could determine how you eat that night. And then you gotta do it the next day. And the next day.

And right now, you have a solid, good paying job. And to advance, you just have to go to grad school. If you're young, and feel like you could get a job after a 2 or 3 year try out playing live poker professionally, do it (only if the job pays just slightly less; don't take a drastic pay cut). If a family or anyone relies on you, don't do it. Or, if you're in your 50s or so, just say **** it and play for a living. Either way, good luck, and I hope this helps.
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Old 03-08-2013, 11:36 AM   #4308
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Well, I finally have booked my first ever 2 winning sessions in live poker in a row. First for $60 in 2.5 hours (it was nearing 3am and I couldn't stay awake) and second one for a hearty $1. Ironically, I won more than that playing penny slots while waiting for my seat that night.
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Old 03-08-2013, 11:48 AM   #4309
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I don't know much, as I myself am fairly new, but I would say never quit your day job. I hear a lot around here that you need 1000 hours just to know something close to your actual $$/hr. That's a lot of hours, and it would require about 20 hours/week for one year (assuming two weeks off) just to know if you truly are a winner.

Also, keep in mind that while poker is fun now, there is a whole different stress level that comes with playing for a living. 8-9 hour sessions a day, losing swings, and emotionally being tied to results because that session could determine how you eat that night. And then you gotta do it the next day. And the next day.

And right now, you have a solid, good paying job. And to advance, you just have to go to grad school. If you're young, and feel like you could get a job after a 2 or 3 year try out playing live poker professionally, do it (only if the job pays just slightly less; don't take a drastic pay cut). If a family or anyone relies on you, don't do it. Or, if you're in your 50s or so, just say **** it and play for a living. Either way, good luck, and I hope this helps.
Thanks for the reply! I left out a really important detail: I played for a living during college and for 2 years after college from like 2003-2007 and then after I got a job in 2007 I still played part time online for a while. So I am a historically winning player but that was also during the peak where anyone could win online.

No family, and the Mrs. fully endorses me to try out poker full time since she knows my job isn't great and doesn't have much of a future.
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Old 03-08-2013, 11:54 AM   #4310
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re: Winrates, bankrolls, and finances

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Thanks for the reply! I left out a really important detail: I played for a living during college and for 2 years after college from like 2003-2007 and then after I got a job in 2007 I still played part time online for a while. So I am a historically winning player but that was also during the peak where anyone could win online.

No family, and the Mrs. fully endorses me to try out poker full time since she knows my job isn't great and doesn't have much of a future.
Neither is poker.

You do realize that, right?
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Old 03-08-2013, 12:22 PM   #4311
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re: Winrates, bankrolls, and finances

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Yeah I'm in a similar boat. I only play on weekends, averaging 77/hr over 151 hours of 2/5 play. Running good for sure. Split among the two casinos I go to, I have 90 hours at Casino A averaging 120/hr and 51 at Casino B other averaging 3/hr. So...yeah. Super tiny sample, of course, but the players at A are far worse than B as well so A will be my home turf for a while.

What do most in here consider a decent sample size for live play? 1,000 hours? Less? I have a couple of considerations going on.

1) When to attempt 5/10

2) At what point do I consider quitting my day job to play live poker full time? This is clearly a complex question where everyone is different. Just trying to see how you guys gauge this scenario. I really enjoy playing poker which not all winning players do. My job kind of sucks although it's easy and it pays decently, but I don't have any future in my position without going to grad school or pursuing difficult designations.

Give me some generalities if you'd like. Move to 5/10 if still beating 2/5 for X/hr over 300hrs? Quit my job and play poker if I'm making 2X(dayjob) over 500 hours? Stuff like that. I appreciate it a lot!

P.S. Perhaps this post is too personal and I should have started my own thread but i'm new to LLSNL and don't really know the etiquette around here.
It is all relative, if the money doesn't mean anything to you then take 3k and go play 5T but if you find yourself making routine mistakes at 2/5 the problems are going to be exacerbated at 5T and your opponents will make smaller mistakes so your skill gap will be shortened on both ends.

Play 1000 hours at 2/5 and see how you feel. If you are working 40 hours a week then work 40 at your job, 20 playing poker and see how you feel.
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Old 03-08-2013, 12:25 PM   #4312
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Neither is poker.

You do realize that, right?
For you that may be the case. If poker pays 200k/yr right now and your current job pays 50k with an avg pay increase of 4% then we could argue all day about which one has a future.
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Old 03-08-2013, 12:26 PM   #4313
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For you that may be the case. If poker pays 200k/yr right now and your current job pays 50k with an avg pay increase of 4% then we could argue all day about which one has a future.
Clearly you have never played serious live poker.

Ya, good luck...to your wife.
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Old 03-08-2013, 12:31 PM   #4314
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re: Winrates, bankrolls, and finances

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For you that may be the case. If poker pays 200k/yr right now and your current job pays 50k with an avg pay increase of 4% then we could argue all day about which one has a future.
lol if a frog had wings its ass wouldn't hit the ground when it hopped.
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Old 03-08-2013, 12:31 PM   #4315
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re: Winrates, bankrolls, and finances

I'm also getting annoyed with my run bad this year

Spoiler:
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Old 03-08-2013, 12:37 PM   #4316
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The 200k vs 50k was a hypothetical. Numbers skewed for emphasis.

And yeah, it would be bad for her, I imagine. I've laid out to her what times/days I'd be playing and she says she'd be all on board with it but I don't buy it completely. It's certainly a big change.
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Old 03-08-2013, 12:45 PM   #4317
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re: Winrates, bankrolls, and finances

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For you that may be the case. If poker pays 200k/yr right now and your current job pays 50k with an avg pay increase of 4% then we could argue all day about which one has a future.
yeah I give you like 0% chance of making 200k/year

A serious pro also needs to put in considerable amounts of time away from the table to become better

Keep your day job, play poker part time

this is a much better long term proposition
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Old 03-08-2013, 12:46 PM   #4318
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I'm also getting annoyed with my run bad this year

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ffffffuuuuuuuu
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Old 03-08-2013, 01:03 PM   #4319
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The 200k vs 50k was a hypothetical. Numbers skewed for emphasis.

And yeah, it would be bad for her, I imagine. I've laid out to her what times/days I'd be playing and she says she'd be all on board with it but I don't buy it completely. It's certainly a big change.
Hmmm, I feel like laying hot truth today.

I've played poker for a living for over 6 years and made over six figures per year every year I wasn't trying to get into medical school. This was a different time however. This was when I could sit at home play 4 hours a day and make 200/hr because I could play 9 tables of 2/4 with rakeback.

That doesn't exist anymore. The chances of you making 100k are slim to none. The chances of you making 50k playing live only, knowing nothing about your game or history, aren't great either. Furthermore, if you're going to play poker you need to be making more than 50k in order to make up for self employment tax, uncertainty and health insurance. 70k+ playing poker is probably around equivalent to 50k in a standard job.

Finally, the chances of you finding long term happiness in a poker room are the smallest probability of them all. Yeah you'll probably get a rush for awhile; you're doing something new and exciting after all. However, eventually it becomes a job and the casino is a damn depressing office.

Personally, my suggestion to you would be to work on advancing your career. You say your 50k/year job is dead end or whatever, but if you're making 50k a year you clearly have some skills. Improve your resume and look for a promotion or new job. Poker is not the way to go.

Signed,

A long term pro
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Old 03-08-2013, 01:09 PM   #4320
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ike spits truth like fire
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Old 03-08-2013, 01:10 PM   #4321
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Hmmm, I feel like laying hot truth today.

I've played poker for a living for over 6 years and made over six figures per year every year I wasn't trying to get into medical school. This was a different time however. This was when I could sit at home play 4 hours a day and make 200/hr because I could play 9 tables of 2/4 with rakeback.

That doesn't exist anymore. The chances of you making 100k are slim to none. The chances of you making 50k playing live only, knowing nothing about your game or history, aren't great either. Furthermore, if you're going to play poker you need to be making more than 50k in order to make up for self employment tax, uncertainty and health insurance. 70k+ playing poker is probably around equivalent to 50k in a standard job.

Finally, the chances of you finding long term happiness in a poker room are the smallest probability of them all. Yeah you'll probably get a rush for awhile; you're doing something new and exciting after all. However, eventually it becomes a job and the casino is a damn depressing office.

Personally, my suggestion to you would be to work on advancing your career. You say your 50k/year job is dead end or whatever, but if you're making 50k a year you clearly have some skills. Improve your resume and look for a promotion or new job. Poker is not the way to go.

Signed,

A long term pro
Appreciate the words of wisdom.

Like I said, the 200 vs 50 was just a hypothetical. I make ~75k/yr right now but my job has no future like I've mentioned. I can probably expect 2-3k raises every year until I die or get designations/degrees. Perhaps I'm delusional in thinking that playing poker full time would pay more or be more enjoyable than what I'm currently doing -- certainly a possibility, that's why I posted in here in the first place. I've never played in a casino professionally and I imagine it could get old pretty quick.
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Old 03-08-2013, 01:11 PM   #4322
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Good job on the public service announcement.

You get a gold star, sir.
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Old 03-08-2013, 01:12 PM   #4323
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What kind of dead end job that pays 75k out of college?
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Old 03-08-2013, 01:17 PM   #4324
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What kind of dead end job that pays 75k out of college?
lol. And I wonder if OP realizes what 75k + benefits + vacation is like vs. poker. Because what OP is making is probably worth 100k when you consider they're paying for retirement, health care, other half of his FICA taxes, etc.
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Old 03-08-2013, 01:37 PM   #4325
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Plus he strikes me as lazy for posting that post about how he's too lazy to read FAQ and at least a few threads on his own.
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