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Old 02-04-2014, 12:22 PM   #6301
bob_124
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Lol, sounds like mine but substitute literature for philosophy!

I'm sold.
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Old 02-04-2014, 09:48 PM   #6302
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re: Winrates, bankrolls, and finances

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Originally Posted by 11t View Post
Yeah like you will still have to file taxes and the government isn't morons. Also if you make large cash purchases they can be reported to the irs. Furthermore you've posted your graph online and you can't put that tooth paste back in.

But as a professional poker player you can declare your net income as a business income and then deduct all travel expenses which is good but you need receipts.
I agree with most everything you have ever said in your whole entire life.....excluding the second part of your first sentence in this post.
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Old 02-04-2014, 10:41 PM   #6303
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re: Winrates, bankrolls, and finances

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I agree with most everything you have ever said in your whole entire life.....excluding the second part of your first sentence in this post.
True Story

Any persons who receive more than $10,000 in one transaction or a series of related transactions, while conducting their trade or business, must file a Form 8300.
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Old 02-04-2014, 10:54 PM   #6304
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I think he is talking about the morons part.
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Old 02-04-2014, 10:57 PM   #6305
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re: Winrates, bankrolls, and finances

Ha, the US government is incompetent at a lot of things but not: getting their money, and killing mother ****ers.
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Old 02-07-2014, 04:34 AM   #6306
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re: Winrates, bankrolls, and finances

Sucks for the Americans having to pay taxes on live winnings. Just started playing seriously live 2 weeks ago since now 2/5 is nearly always running and 5/10 is occasionally. Always casually crushed 1/2 and am so far playing even better at 2/5 even though it is nearly 100% decent regs. Donked off $700 to an NHL player who was having fun though, which was lol and cost me a days worth of 2/5 profit.

Once I'm at ~15 sessions for the year I'll post some results but comfortably at ~80/hr so far.
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Old 02-07-2014, 10:54 AM   #6307
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Quote:
Originally Posted by aoFrantic View Post
Sucks for the Americans having to pay taxes on live winnings. Just started playing seriously live 2 weeks ago since now 2/5 is nearly always running and 5/10 is occasionally. Always casually crushed 1/2 and am so far playing even better at 2/5 even though it is nearly 100% decent regs. Donked off $700 to an NHL player who was having fun though, which was lol and cost me a days worth of 2/5 profit.

Once I'm at ~15 sessions for the year I'll post some results but comfortably at ~80/hr so far.
If you donked off 150bb and are still making $80/hour you are just on a major heater. The "downswing" will come eventually
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Old 02-07-2014, 10:58 AM   #6308
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All regs on here should post their biggest downswing.
I'm in the midst of a downswing now and had my second biggest loss ever in poker last night. Graph posted soon
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Old 02-07-2014, 11:05 AM   #6309
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Been a good start to the year.. 4 tourneys played 3/4 cashed 2 final tables.

2014 total: $6612 over 72.5 hrs / $91.16/hr overall.
Was crushing cash too but went on a 1.5k downswing, but heading back up nicely.


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Old 02-07-2014, 05:32 PM   #6310
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Optimal play?

I'm looking for opinions on optimal play for bankroll build at the 1/2 live game. I know you are supposed to have a number of buy ins . I don't have it. I have 1k. Max buy in is 300. I am capable of playing different styles. Should I buy in short stack or full? I've been going in for 200 and playing ABC. I'm finding I either get stacked on a cooler or am up or down around 60 after a session. I really feel like I'm just doing the same thing as everyone else and want to adjust to a more lag style, but do I have have the money to do it? Should I stick to ABC? What's the best way to build? Thanks

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Old 02-07-2014, 05:43 PM   #6311
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I find it's tough to play your best when in the back of your mind you are concerned about your bankroll and getting stacked. I think you can solid and comfortably if you buy in for 50bb ($100) at 1-2. That gives you 10 buy ins. If you won a few sessions in a row you can start buying in for 100bb.
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Old 02-07-2014, 05:54 PM   #6312
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I'm not sure what the understanding with people thinking short stacking = low variance when in reality (if played correctly it is a far more high variance style of playing than ABC)

5 buy-ins at 100BB is definitely not recommended but it CAN be do able if your running good at the start.

Play ABC and if you are getting legit coolers than keep doing what your doing and the money will come, but don't lie to yourself saying "well that just a cooler" when you called a utg raise and got in a sticky situation (etc etc)

Best of luck to you. To start mixing up and trying out LAG styles I would build up to a 20 buy in bankroll. (But at this level I'd just straight play 1/2 til you can move to 2/5, as honestly playing a real LAG style is very rare, and harder than people realize and they are just spewing off major money)
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Old 02-07-2014, 06:04 PM   #6313
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Re: Optimal play?

I am in the same boat. Short rolled. I start with $200, and if after a while I see many players at the table have $300+, and I think applying pressure will be to my benefit, I add on.

Being short rolled is tough. Even if you play optimally you can get railed pretty quickly. My advise (take it with a grain of salt) to play $200. Always keep at least $200 on the table. If you're getting crushed, and you have a tendency to tilt, walk. If you're getting crushed and don't tilt (this is rare), stay for the hours you set before arriving.

If you're winning, stay longer than you planned for. Use your winning image to keep building up the roll, while you're on a roll.
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Old 02-07-2014, 06:08 PM   #6314
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Re: Optimal play?

Short stacking can certainly be a successful strategy but my fear is that you are torn between playing short stacked (has to be diligent in hands played) and LAG (the exact opposite).

The first thing you need to figure out is what kind of player you are and what kind of play you feel gives you the best chance to play well. Agreed with MackCorl that a real LAG style is very rare and honestly, much harder than it looks. I have always been TAG but open up dependent on my table and the people around me. That being said, I still find it incredibly difficult at times to truly accomplish the task of selling myself as a LAG when I try. That alone tells me that I am who I am and I need to stay within my personality and my comfort level.

I would start out buying in for 75bb and allow myself a little bandwidth to open up a bit but also keeping me conscious of my BR.
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Old 02-07-2014, 06:21 PM   #6315
rival4653
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By playing more lag I'm basically saying. Rather than nitting up, play more speculatives in position and playing draws harder. I'm not in a shell or afraid because of roll. I just recently started playing more serious and honestly I'm thinking ABC is wrong. Everyone plays it so if you're doing the same as everyone else your just trading blinds for hours. I can do it , just wasn't sure about long term expectation. Seeking advice from someone who's been doing it for a while.

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Old 02-08-2014, 05:31 AM   #6316
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Re: Optimal play?

Honestly, I think you should keep playing tight. With 500BB bankroll, you should play the lowest variance style possible.
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Old 02-08-2014, 05:59 AM   #6317
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Re: Optimal play?

TAG is right generally. That said, the aggressive portion of TAG is usually much more important. 95% of players I see at 1/2 simply dont raise enough (value and draws) or value bet enough. Also, dont worry about balance, exploiting player weaknesses is always going to be the best way to make money at llsnl.
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Old 02-08-2014, 07:33 AM   #6318
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Quote:
Originally Posted by serio562 View Post
All regs on here should post their biggest downswing.
Longest break even stretch is between 400 and 500 hours. Biggest swing down from a peak is 16k. Sample size is just under 1800 hours.
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Old 02-08-2014, 07:58 AM   #6319
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re: Winrates, bankrolls, and finances

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Longest break even stretch is between 400 and 500 hours. Biggest swing down from a peak is 16k. Sample size is just under 1800 hours.
Gross. What stakes do you play?
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Old 02-08-2014, 01:43 PM   #6320
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re: Winrates, bankrolls, and finances

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Originally Posted by nutinsider View Post
Longest break even stretch is between 400 and 500 hours. Biggest swing down from a peak is 16k. Sample size is just under 1800 hours.
What stakes is that? Any play bad or all run bad?
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Old 02-08-2014, 04:51 PM   #6321
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Quote:
Originally Posted by rival4653 View Post
I'm looking for opinions on optimal play for bankroll build at the 1/2 live game. I know you are supposed to have a number of buy ins . I don't have it. I have 1k. Max buy in is 300. I am capable of playing different styles. Should I buy in short stack or full? I've been going in for 200 and playing ABC. I'm finding I either get stacked on a cooler or am up or down around 60 after a session. I really feel like I'm just doing the same thing as everyone else and want to adjust to a more lag style, but do I have have the money to do it? Should I stick to ABC? What's the best way to build? Thanks

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Optimal = get a job, build up a bankroll, play reasonably rolled

Or, table select to the best action/drunkest/most oblivious 1/2 table and play super nit with a full stack.
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Old 02-08-2014, 05:54 PM   #6322
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re: Winrates, bankrolls, and finances

Def switch to lag stylez
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Old 02-08-2014, 06:16 PM   #6323
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Def switch to lag stylez
@ 1/2? Lol no
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Old 02-08-2014, 08:07 PM   #6324
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re: Winrates, bankrolls, and finances

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@ 1/2? Lol no
Sarcasm detector broken?
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Old 02-08-2014, 08:47 PM   #6325
rival4653
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Thanks for the advice. Looks like tag is the way to go and could use a little run good. Last 4 sessions. +800. +60 - 40 -200.

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