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Old 04-18-2013, 05:25 PM   #4776
weewees
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re: Winrates, bankrolls, and finances

Ok, fair enough. I guess in my head I'm thinking I'm awesome compared to 1/2nl live players and really don't wanna keep working a 12$/hr job for another year to save up 10k to go play. I figured as long as I'm able to put in the hours, the risk of me going broke is not that high and if I do go broke I basically have the same low paying job waiting for me in LA whenever I want to return. Guess it's how much of a risk I'm willing to take. But I do agree it's easier said on paper then actually getting it done.
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Old 04-18-2013, 05:26 PM   #4777
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I think getting a part time job, like a serving job would offset most runbad, alleviate some of the "scared money" tendencies that are inherent in a shallow life roll, it's a cash business so no waiting for paychecks, as well as an easy job to quit.

Good luck

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Old 04-18-2013, 05:31 PM   #4778
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weewees,

My gut reaction is to tell you to get a real job.

If you insist on being reckless, then you should just get friends/family to back you 5k for half your poker action at 3/5-5/5 NL in the LA area. 50% of your winrate at 3/5 NL (or 5/5 NL) in LA should be the same or more than your 1/2 NL win-rate in Vegas.

This way you get to stay close to friends and family in LA while you look for a real job.
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Old 04-18-2013, 05:37 PM   #4779
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Ya...get your friends and family into your mess is a good idea.
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Old 04-18-2013, 05:41 PM   #4780
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Hey guys. I was wondering if I could get some opinions on my future poker plans. I'm seriously thinking of moving to Vegas in a few months and giving poker another shot. Thing is, I will prolly have life roll of 4-5k so definitely can see the risk of a bad downswing and having to get a job within a few months. Normally, I'd say this is a dumb move, but I've been a pro online player (mostly stars 24 tabling $100nl) for 7 years up until black friday .So I feel I should always be the best player at the table especially since I will play prime time hours and table select.

I've heard 20$ hour at 1/2nl is doable so I'm assuming I have the skill to earn that amount. So the goal is to get to 10k as soon as possible and make my way to 2/5nl till I get a big bankroll for 5/10 in LA maybe. Guess my main question is if Vegas low stakes nl is juicy enough to go for a living for a few months. I had prop job at small casino in LA and basically broke even at the tables over 600hours at 1/2 because of california rake and tight games so I'm assuming Vegas should be much better and cheaper living as well. Any input would be great.

Also, which Casinos generally are the most profitable. I would assume the biggest ones would be best to stick to since they have no jackpots.
Why would any LA player want to move to vegas. The games are pretty bad during the week in vegas. Don't do it imo.
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Old 04-18-2013, 05:53 PM   #4781
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re: Winrates, bankrolls, and finances

I actually am in Austin right now and just moved out of LA a few months ago. From my experience, LA seems to have the most action in all games, but their rake/buy in structures are stupid bad at low stakes so Vegas seemed like a good place to grind for 6 months or so at 1/2nl then hopefully move back to LA once I have a decent roll
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Old 04-18-2013, 06:04 PM   #4782
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by weewees View Post
I actually am in Austin right now and just moved out of LA a few months ago. From my experience, LA seems to have the most action in all games, but their rake/buy in structures are stupid bad at low stakes so Vegas seemed like a good place to grind for 6 months or so at 1/2nl then hopefully move back to LA once I have a decent roll
The rake and structure in vegas are better than what I saw in California. But I don't know that that makes that much of a difference. I also think that you're overestimating the speed with which you'll be able to save up a roll for higher stakes by grinding $1/2. 6 months seems very unrealistic to me when you're using your winnings to pay your expenses. I'd triple that to 18 months, and even that requires you to not run bad for any significant amount of time.
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Old 04-18-2013, 06:42 PM   #4783
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re: Winrates, bankrolls, and finances

You can win $2K-$3K a month playing $1/$2 but that doesn't leave much of anything to add to your roll. And at $4K-$5K liferoll, one bad month + all your bills and you could be down to $2K and playing scared. And what happens if the next month is breakeven and you have another $1K in bills to pay?

$8K-10K would be the minimum I would want to try.
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Old 04-18-2013, 06:50 PM   #4784
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I think having at least 6 months worth of living expenses in addition to a big bankroll would've the minimum I'd want to take a shot for a living.

I use a 40 buy in rule, but that's because I don't have another source of income.

So for example: If your monthly nut in LV is $1,500, I'd keep roughly 10k in the bank or safety deposit box. Then I'd want to have another 8k or so for poker.

But again I personally prefer more conservative bankroll requirements.
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Old 04-18-2013, 06:50 PM   #4785
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re: Winrates, bankrolls, and finances

I started thinking the other night: Where would I go if I lost my job and wanted to play 40 hours per week? Would I just stay at Harrah's Philadelphia? Go to New Orleans? Mississippi? Charles Town? Vegas? LA?

Why not just stay where you are until you are properly rolled and then if you want to take a month, visit Vegas and see if you like it?
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Old 04-18-2013, 07:15 PM   #4786
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re: Winrates, bankrolls, and finances

Op go for a weekend. Your stay might stay longer depending how you do. I have heard stories of pros going to vegas for a weekend and never left.

I plan on going to the wsop. I don't have a dream plan to grind the whole series. But ima try and go with 3k and see if I last for more than a weekend.

I suggest you do the same.
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Old 04-18-2013, 07:17 PM   #4787
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re: Winrates, bankrolls, and finances

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Originally Posted by IbelieveinChipKelly View Post
I started thinking the other night: Where would I go if I lost my job and wanted to play 40 hours per week? Would I just stay at Harrah's Philadelphia? Go to New Orleans? Mississippi? Charles Town? Vegas? LA?

Why not just stay where you are until you are properly rolled and then if you want to take a month, visit Vegas and see if you like it?
Realistically, option 1 is somewhere you can live for free.

If it's a choice of paying, it depends upon what you want and where you could live with others. I'd think FL should be high on the list.
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Old 04-18-2013, 07:45 PM   #4788
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I figure I can get a month to month room for real cheap and get my expenses down to 1k. So that leaves me 20 buy in shot and I doubt I'll lose even half that but I do understand I could run bad and go into scared money territory. It's gonna take me at least another year of working to get a "proper" bankroll and I just don't wanna live like a poor college student that long since my earning potential is much larger assuming I have bankroll. I agree with the above poster that 5k may be too risky and 7-8 might be minimum to try it.
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Old 04-18-2013, 07:51 PM   #4789
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re: Winrates, bankrolls, and finances

Start with a couple of buyins from your paycheck and build a roll like that. With the extra income you can save a bankroll.
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Old 04-18-2013, 08:30 PM   #4790
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re: Winrates, bankrolls, and finances

Yeah, ILCD is right. I don't mind aspiring pros moving to Vegas and the current ones staying there. Place is a nitfest at LLSNL. California trumps Vegas in most every way possible.
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Old 04-18-2013, 09:45 PM   #4791
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re: Winrates, bankrolls, and finances

If you can beat 1-2 (only one way to find out) then i say go for it!

5k is enough, I have never gone on much more than a 10 buyin downswing.

Its up to you, but it is %100 possible.
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Old 04-18-2013, 09:46 PM   #4792
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re: Winrates, bankrolls, and finances

I started with 2k 5 months ago and have made more than 10k playing part time.
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Old 04-18-2013, 09:56 PM   #4793
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re: Winrates, bankrolls, and finances

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Originally Posted by iLikeCaliDonks View Post
Op go for a weekend. Your stay might stay longer depending how you do. I have heard stories of pros going to vegas for a weekend and never left.

I plan on going to the wsop. I don't have a dream plan to grind the whole series. But ima try and go with 3k and see if I last for more than a weekend.

I suggest you do the same.
This is a good suggestion. Every time I've gone been out there for a vacation I've covered my entire trip and made a profit. Then in the cab back to McCarran think top my self "why don't I just stay here?"


Quote:
Originally Posted by bubonicplay View Post
If you can beat 1-2 (only one way to find out) then i say go for it!

5k is enough, I have never gone on much more than a 10 buyin downswing.

Its up to you, but it is %100 possible.
Many have. I burned through $3k+ last year at $1/2 during a sick downswing. Then once you start taking money out to pay for food and shelter it becomes very easy to blow $5k+.

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I started with 2k 5 months ago and have made more than 10k playing part time.
So, small sample size then.
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Old 04-18-2013, 10:07 PM   #4794
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All it takes is one bad run, one bad decision, and one bad circumstance.
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Old 04-18-2013, 10:18 PM   #4795
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re: Winrates, bankrolls, and finances

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All it takes is one bad run, one bad decision, and one bad circumstance.
True 5k @ 200 buyins is 25, once we go on a 10 bi downswing were going to be playing on a very short life roll.
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Old 04-19-2013, 12:11 AM   #4796
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re: Winrates, bankrolls, and finances

Good luck, man. *opens door of taxi*
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Old 04-19-2013, 12:24 AM   #4797
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Weewees,

What casino or casinos in LA were you playing?
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Old 04-19-2013, 01:02 AM   #4798
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Weewees,

What casino or casinos in LA were you playing?
I was a house player at Normandy casino during the day. Bunch of bad regs who usually buy in for 40 and capped at 100 buyin. Terrible place for 1/2nl but I was paid to play.

I know Saturday night at commerce would be much better but still the blind structure sucks and rake is nasty everywhere. That's why I figured vegas would still be better than commerce just because the rake is so much better
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Old 04-19-2013, 01:10 AM   #4799
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^Did you ever check out The Bike? The 1/3 is 100-300, 2/5 is 200-500, and 5/5 is 300-1000. Also, those games get food comped.

If you can come back to LA and possibly live rent free with someone(relative/friend) then return and put in some serious volume. Getting some part time job to have a constant income should also be considered.

GL
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Old 04-19-2013, 01:43 AM   #4800
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^Did you ever check out The Bike? The 1/3 is 100-300, 2/5 is 200-500, and 5/5 is 300-1000. Also, those games get food comped.

If you can come back to LA and possibly live rent free with someone(relative/friend) then return and put in some serious volume. Getting some part time job to have a constant income should also be considered.

GL
I played the 1-3 at bike once on the weekend. It seemed decent but not great. Rake still sucks but at least the buy in is good. If $20/hr is achievable at that then it may not be a bad idea.

I got no one to crash with for free but do have a job if I need it
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