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Old 03-08-2013, 01:47 PM   #4326
11t
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re: Winrates, bankrolls, and finances

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Originally Posted by BookToMarket View Post
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.
yeah what a terrible job, in 10 years you'll be making 100k

you are ****ing delusional dude

you will be less happy, and make less money

ever think of getting a job at a different place if you want more money?
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Old 03-08-2013, 01:59 PM   #4327
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re: Winrates, bankrolls, and finances

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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.
To add to this. There are also no pay grades in poker. In fact, there's sort of a regressive pay grade in the player pool improves over time and unless your rate of improvement out paces the public your winrate will stagnate/decrease.

Also, as a pro, you'll be putting in more hours which means people will become more familiar with your game so you'll need to make the right counter-adjustments in order to sustain your current winrate as well.


BookToMarket, when you were playing in college was that online or live play? If it was online I'd like your chances better. Still, it's a huge decision and something you need to fully think through. What would your back-up plan be if poker doesn't work out? Could you go back to your current job?

Are there 5/10 games where you play? If not, 100% stick to playing on the side. Grinding 2/5 won't cut it.
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Old 03-08-2013, 02:03 PM   #4328
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re: Winrates, bankrolls, and finances

I'm killing 5/10 for 36 bb/hr. sample size either 5.5 hrs or 550 hrs
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Old 03-08-2013, 02:28 PM   #4329
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re: Winrates, bankrolls, and finances

I mean even if you are playing 1/2 or 1/3 on the weekends and making like 200 bucks or w/e a week, that can fund one awesome ****ing vacation per year.
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Old 03-08-2013, 02:29 PM   #4330
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Where do you vacation...Lincoln, Braska?

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Old 03-08-2013, 02:51 PM   #4331
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by PuraVida96 View Post
To add to this. There are also no pay grades in poker. In fact, there's sort of a regressive pay grade in the player pool improves over time and unless your rate of improvement out paces the public your winrate will stagnate/decrease.

Also, as a pro, you'll be putting in more hours which means people will become more familiar with your game so you'll need to make the right counter-adjustments in order to sustain your current winrate as well.


BookToMarket, when you were playing in college was that online or live play? If it was online I'd like your chances better. Still, it's a huge decision and something you need to fully think through. What would your back-up plan be if poker doesn't work out? Could you go back to your current job?

Are there 5/10 games where you play? If not, 100% stick to playing on the side. Grinding 2/5 won't cut it.
I appreciate your comments PureVida. I played online exclusively before and now it's all live. Basically if I played poker and it didn't work out I'd try and get another job in my field. The company I work for is mediocre and they're absolutely nothing special and I should probably be looking for a better job anyways even if I don't decide to play poker. If I were to leave it would be on good terms and I'm pretty confident that if I wanted, my current employer would take me back.

There are 5/10 games, but only between 1-3 tables during peak times. Sometimes not even 1, depends on the crowd. 5/5 PLO is starting to draw a lot of the fish into the higher stakes.

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yeah what a terrible job, in 10 years you'll be making 100k

you are ****ing delusional dude

you will be less happy, and make less money

ever think of getting a job at a different place if you want more money?
Inflation. 100k in 10 years will not be 100k today.

Maybe I would be less happy and making less money. That's why I posted, to get feedback.

Yes, but it's not all about money. My job is easy and it pays well, and generally speaking if I want more money I'm going to have to probably work 50% more for not a big increase in pay. I've had a few job offers at other places over the last several years and that's been pretty consistent.

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What kind of dead end job that pays 75k out of college?

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.
I'm 8 years out of college. You want me to dredge up some old posts by someone else regarding a situation that doesn't directly apply to me? You comment on me not reading the FAQ? You didn't even read my post that said in 2007 I got a job.
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Old 03-08-2013, 03:07 PM   #4332
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re: Winrates, bankrolls, and finances

You could make $200k a year easy. All you gotta do is take aggressive shots at higher levels while a bit underrolled. Hell, if you are real lucky you could start making 200k a week or even a day! Also, if you do go broke you can just borrow money from other players. It's a foolproof plan. That being said, I think you can make the money faster playing blackjack.
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Old 03-08-2013, 03:11 PM   #4333
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re: Winrates, bankrolls, and finances

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while a bit underrolled.
Just to clarify, by a bit underrolled I mean completely underrolled with next to no bankroll management at all.
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Old 03-08-2013, 03:15 PM   #4334
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re: Winrates, bankrolls, and finances

Just out of curiosity, what kind of job do you have? If its not in a STEM field, you will be making an even bigger mistake.
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Old 03-08-2013, 03:25 PM   #4335
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re: Winrates, bankrolls, and finances

Just to add, I think 11t's suggestion of potentially just playing poker part-time is probably the correct play. That's what I'm currently doing and just looking to explore other avenues. Not trying to rustle jimmies.
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Old 03-08-2013, 03:28 PM   #4336
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re: Winrates, bankrolls, and finances

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I appreciate your comments PureVida. I played online exclusively before and now it's all live. Basically if I played poker and it didn't work out I'd try and get another job in my field. The company I work for is mediocre and they're absolutely nothing special and I should probably be looking for a better job anyways even if I don't decide to play poker. If I were to leave it would be on good terms and I'm pretty confident that if I wanted, my current employer would take me back.

There are 5/10 games, but only between 1-3 tables during peak times. Sometimes not even 1, depends on the crowd. 5/5 PLO is starting to draw a lot of the fish into the higher stakes.



Inflation. 100k in 10 years will not be 100k today.

Maybe I would be less happy and making less money. That's why I posted, to get feedback.

Yes, but it's not all about money. My job is easy and it pays well, and generally speaking if I want more money I'm going to have to probably work 50% more for not a big increase in pay. I've had a few job offers at other places over the last several years and that's been pretty consistent.



I'm 8 years out of college. You want me to dredge up some old posts by someone else regarding a situation that doesn't directly apply to me? You comment on me not reading the FAQ? You didn't even read my post that said in 2007 I got a job.
To me, it sounds like it IS all about the money to you. My advice would be the same as Ikestoy's. Stay at your job and pull in that 75k, or whatever, and keep playing poker A's a (hopefully profitable) hobby.

But it would diverge from his advice WRT to your poker bankroll. My advice there would be to save 100% of your winnings in your roll until you had an adequate rec player roll for 5/10--maybe 15 or 20 buy ins, and move up as fast as you can. Moving up fast could help give you the pay raises that you're not getting at your job ( other than the crappy COLA 2-3%).

That's my opinion based on reading your posts. But all of this is a very personal decision based on your individual circumstances. When I quit practicing law to play poker, I knew I would take a MASSIVE pay cut. Last year I made about 1/8 of what I made my last year practicing law. But to me, it wasn't about the money at all. I hated my job so much that quitting it in favor of making 1/8 the money playing poker was an EASY decision that I do not regret at all. I am way happier scraping by playing poker for a living than I was making serious money as a lawyer.

But that doesn't sound like you at all. You seem frustrated that your excellent paying job is not a get rich quick scheme, and ikestoy is right that poker is even less of one.
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Old 03-08-2013, 03:44 PM   #4337
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re: Winrates, bankrolls, and finances

Just a few days into my hand counting project, and it has already become apparent that all of our estimates of hands per hour were reasonably accurate given our game conditions.

Through the early in the week nitty games, we played 39.8 hands per hour. The games usually start to loosen up on Thursday, and that slowed the games down considerably last night. Last night my session average was 32.6 per hour, but when the game was at its juiciest, we were at 28 hands per hour.

I'll keep counting to get a bigger sample, but it already looks like most everybody had a pretty accurate estimate, and that the estimate will vary considerably with game conditions. I'd be amazed if 25/hr was accurate anywhere, but anything above that seems like it could be reasonable.

I'm not expecting Friday and Saturday to be any lower than 28/hr, though. My table last night was super wild, the most action table I've seen in a long time, and during the 28/hr period we had a couple misdeals, a couple tank decisions in big pots, and one premature turn card for which we had to wait a few minutes for a floor manager. So it was about as slow a couple of hours as I would expect to see.
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Old 03-08-2013, 03:49 PM   #4338
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re: Winrates, bankrolls, and finances

I'm planning on putting in a 10+ hour 1/3 NL session this Sunday. If I have the discipline, I *might* attempt to track the exact amount of hands/hr at my table. I usually find I give up after an hour or so, but maybe if I just keep track of hands using chips and then totalling these numbers in a notebook or something every hour or so I can get thru it.

GfindingthejellybeancountingmethodistoofatteningG
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Old 03-08-2013, 06:16 PM   #4339
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re: Winrates, bankrolls, and finances

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

Spoiler:
Spoiler:
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Old 03-08-2013, 06:18 PM   #4340
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Give me some run good and I'll smash that!
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Old 03-08-2013, 08:07 PM   #4341
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Gotta call with 22 on a 357Q8 board and win a 700 dollar pot
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Old 03-08-2013, 11:45 PM   #4342
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Gotta call with 22 on a 357Q8 board and win a 700 dollar pot
Put him on AK?
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Old 03-09-2013, 12:08 AM   #4343
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re: Winrates, bankrolls, and finances

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Gotta call with 22 on a 357Q8 board and win a 700 dollar pot
But why? Explain yourself...
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Old 03-09-2013, 12:52 AM   #4344
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Had a read and villain took a polarized line. People always talk about making strong folds to polarized play but you can make stupid calls too.
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Old 03-09-2013, 03:15 AM   #4345
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what is the best per-hour anybody is heard of on these boards over a very large sample? w/e stakes, just wondering what kind of hourly the absolute best can expect

ikestoys, what's your estimate on your 1/2, 2/5 hourlies?
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Old 03-09-2013, 02:38 PM   #4346
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re: Winrates, bankrolls, and finances

Losses in losing session so far this year (broken down by weekly):

January
1st week: -$82
2nd: -$1241
3rd: -$55
4th: -$1006

Feb
1st: -$1955
2nd: -$1715
3rd: -$2028
4th: -$1384

Keep in mind that these are ONLY my losing sessions.

So for anyone that is considering playing poker full time, can you take these swings?
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Old 03-09-2013, 02:46 PM   #4347
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re: Winrates, bankrolls, and finances

You play spread limit though, please put emphasis on that when posting results. You play to passive to have swings like that at 60bb cap game.
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Old 03-09-2013, 02:48 PM   #4348
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So you're saying that I am lying?

And no, these are mostly 100bb games.
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Old 03-09-2013, 02:51 PM   #4349
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100bb sounds believable, my first post was referring to bad play. But I apologize now.

You still play spread limit right?
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Old 03-09-2013, 02:53 PM   #4350
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Technically yes, the max bet is capped at $500, but how often do you bet more than that in a 2/5 game?
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