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Old 05-15-2014, 05:47 PM   #7176
ibelieveyouoweme$80k
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re: Winrates, bankrolls, and finances

Right. Top 20 in hours every two weeks get $350. Next 20 get $150. Next 35 get $100.

A IR2M, you are in the middle ground. You are a part-time pro because you aren't playing for enjoyment or pleasure ... you are playing to supplement your income. Like I used to.
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Old 05-15-2014, 06:08 PM   #7177
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re: Winrates, bankrolls, and finances

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Originally Posted by IbelieveinChipKelly View Post
those are excellent win rates, not just good.

my goal for $1/$3 is $25/hr

had a reg pro (maybe still a wannabe) ask me last night how many people in our casino were playing for a living. he said 100. i said i thought that was too high.

the more i thought about it, it was WAY too high. i mean, if there are 25 tables going and 9 players per table, that's 225 players IN THE ROOM at a time. So maybe the player pool is 600? 1/6 making enough to pay bills? I don't think so.

Our room ranks players by hours ... I was barely in the top 20 since May 1 with about 70. So if only 20 players are playing about 40 hours/week, and at least five of those 20 are retirees, that really lowers the number of people earning a living at the game.
Yeah man, some of those live pros that're playing for living are sooo bad, that's crazy... Especially in my casino, out of 15-20 who's doing it for living, 2-3 are maybe good...
About winrate, I have only 300 hour sample but i have like 60\hr for 1\3 and 2\5 mixed, so I guess that's way above average, but I'm hoping to get 50\hr after 1000hr mark...
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Old 05-15-2014, 06:26 PM   #7178
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by IbelieveinChipKelly View Post
those are excellent win rates, not just good.

my goal for $1/$3 is $25/hr
I'm at $12/hr after 300 hours at $1/2. Too early to make any inferences? I know I have quite a few leaks but I don't see $20/hr being that far off in the distance for me.
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Old 05-15-2014, 06:31 PM   #7179
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re: Winrates, bankrolls, and finances

I would infer from that that you're a winning player, but you could just as easily be a lower winner experiencing some positive variance than a bigger winner experiencing negative variance. I do think it is fairly safe to say you are not a losing player on a heater.
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Old 05-15-2014, 06:59 PM   #7180
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re: Winrates, bankrolls, and finances

[QUOTE=IbelieveinChipKelly;43270276

had a reg pro (maybe still a wannabe) ask me last night how many people in our casino were playing for a living. he said 100. i said i thought that was too high.

the more i thought about it, it was WAY too high. i mean, if there are 25 tables going and 9 players per table, that's 225 players IN THE ROOM at a time. So maybe the player pool is 600? 1/6 making enough to pay bills? I don't think so.

Our room ranks players by hours ... I was barely in the top 20 since May 1 with about 70. So if only 20 players are playing about 40 hours/week, and at least five of those 20 are retirees, that really lowers the number of people earning a living at the game.[/QUOTE]

Depends on how people define "playing for a living" or "earning a living". I've had college and grad students tell my they play for a living because it was their only source of income but they were living off student loans and Daddy dollars and poker merely provided beer money or a weekend getaway with their girlfriend. Heck if you're a college student with no expenses then 1,000/month from poker makes you feel like Richie Rich. Then there are the retirees who's homes are paid for, collect social security, and theoretically have enough saved up to not worry about money but still makes a couple grand a month playing an absurd number of hours at low stakes for the social aspect because they're lonely (visit your grandparents kids!). And of course there are guys who maybe make decent incomes at their "normal" job but make a non-trivial amount playing poker that allows them to elevate their lifestyle or pay for their kids college without debt. What about the dude who binks a tourney for 6-figures in a year where he made 60K as an accountant and has no plans to quit his day job.

There are so many shades of gray about who's a pro and who isn't.
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Old 05-16-2014, 10:03 AM   #7181
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re: Winrates, bankrolls, and finances

Hey,

Not taking into account each individual table composition in Montreal which rake structure would be considered better. For 2/5 with a 500$ max buyin. 5/5 with a 1000$ max buyin.

10% capped at 10$ with a 1$ bbj drop at the casino. 25$ comped gift card to the top players every 2 weeks.

Or

5% capped at 14$ with a 1$ bbj drop at play ground poker. Fully comped food and drinks.
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Old 05-16-2014, 12:51 PM   #7182
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re: Winrates, bankrolls, and finances

My first instinct is to say the smaller cap is better. The smaller rake is only better when the pot is less than $200, and it's worse when the pot is bigger. Whose winrate comes primarily from pots that are smaller than 40 big blinds?

To give some examples, if you raise preflop to $25, get called in 3 spots, bet half pot on the flop and get called, you now want the smaller cap on rake. Or if you raise preflop to $25, get called in 2 spots, bet close to the pot on the flop and get called, you now want the smaller cap on rake.
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Old 05-16-2014, 01:51 PM   #7183
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I would guess the 5% $14 cap - but I would say these are pretty close, so no huge error either way.
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Old 05-16-2014, 02:07 PM   #7184
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re: Winrates, bankrolls, and finances

I think the smaller rake would probably be better in a 1/2 game, but in a 2/5 game I think the smaller cap on rake is the winner. The question is how often the pots you win will be bigger than $200. At 1/2, probably not that often. But at 2/5, I think this would happen pretty frequently.
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Old 05-16-2014, 05:02 PM   #7185
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by josephthepimp View Post
Hey,

Not taking into account each individual table composition in Montreal which rake structure would be considered better. For 2/5 with a 500$ max buyin. 5/5 with a 1000$ max buyin.

10% capped at 10$ with a 1$ bbj drop at the casino. 25$ comped gift card to the top players every 2 weeks.

Or

5% capped at 14$ with a 1$ bbj drop at play ground poker. Fully comped food and drinks.
When did the casino jack up the rake?
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Old 05-16-2014, 08:52 PM   #7186
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When did the casino jack up the rake?
A couple of weeks ago. They did it silently with no signs or anything
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Old 05-16-2014, 08:56 PM   #7187
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re: Winrates, bankrolls, and finances

On 1/2 the rakes are equal and one of the places offers full comps.

I'd say that the 10$ rake gets capped a lot where as the 14$ doesn't seem to get capped as often. 10$ capped happens at 100$. The 14$ rake happens at 280$ and they don't take on split pots. I'd say the average pot is closer to 100$. As there are pots where a cbet would take it down.
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Old 05-16-2014, 09:32 PM   #7188
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re: Winrates, bankrolls, and finances

A year ago, I had compared a few sessions of the rake at Playground (5% 14+1) to a normal 10% $5+1 rake. I averaged paying about $7.50 more per hour in rake at Playground. This was for the 2/5 $500 max. For comparing it to the Montreal casino, I'm guessing it's pretty close with the new 10% $10+1, with the casino being slightly higher.
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Old 05-17-2014, 01:05 AM   #7189
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re: Winrates, bankrolls, and finances

Tbf, it wouldn't be that hard to just pay attention to like 1-2 hour's worth of pots to get a sense of how much the table gets raked/hour.
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Old 05-17-2014, 02:55 PM   #7190
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re: Winrates, bankrolls, and finances

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Originally Posted by josephthepimp View Post
A couple of weeks ago. They did it silently with no signs or anything
sure hope they are paying the dealers a better salary out of the disgusting rake. i'd be forced to cut off most tips if i stuck around in that game.
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Old 05-17-2014, 04:47 PM   #7191
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sure hope they are paying the dealers a better salary out of the disgusting rake. i'd be forced to cut off most tips if i stuck around in that game.
Most of the dealers walk home with 80-100k after tips. They are unionized and have a high base salary. At playground I'm not sure how much they earn but its not nearly as much as the casino dealers.
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Old 05-17-2014, 04:49 PM   #7192
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Tbf, it wouldn't be that hard to just pay attention to like 1-2 hour's worth of pots to get a sense of how much the table gets raked/hour.
I get the sense I'm paying much more at the casino but its do table dependant
When I'm playing lag I can feel the difference as to a few weeks ago when they were taking 5% max 10$.
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Old 05-17-2014, 05:25 PM   #7193
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re: Winrates, bankrolls, and finances

So is a 10% $5+1 at 2/5 a goldmine when I get the BR for it?
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Old 05-18-2014, 02:03 AM   #7194
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re: Winrates, bankrolls, and finances

April: 360 hrs/18.7K profit at mostly 2/5. 25 winning session streak with no back to back losers.

May: Was up 7K little over a week into the month. Just crossed the breakeven mark yesterday to make it a losing month. 5 extremely big losing sessions in a row at 2/5(over 1.2K each time).

I'm burnt from putting in an unhealthy amount of volume last month and clearly not on A game but this level of soul crushing variance makes me question if I'm good enough to be sustaining 8-10bb/hr at 2/5.
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Old 05-18-2014, 02:07 AM   #7195
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April: 360 hrs/18.7K profit at mostly 2/5. 25 winning session streak with no back to back losers.

May: Was up 7K little over a week into the month. Just crossed the breakeven mark yesterday to make it a losing month. 5 extremely big losing sessions in a row at 2/5(over 1.2K each time).

I'm burnt from putting in an unhealthy amount of volume last month and clearly not on A game but this level of soul crushing variance makes me question if I'm good enough to be sustaining 8-10bb/hr at 2/5.

360 hours in one month? Christ
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Old 05-18-2014, 02:15 AM   #7196
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360 hours in one month? Christ
Yeah that's like 13 hours a day, for 7 days of the week?
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Old 05-18-2014, 06:53 AM   #7197
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re: Winrates, bankrolls, and finances

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Yeah that's like 13 hours a day, for 7 days of the week?
Are you assuming a 4-week month?

30 total days in april, 360 hours, = exactly 12 hours a day
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Old 05-18-2014, 08:52 AM   #7198
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Cyal8rloser View Post
April: 360 hrs/18.7K profit at mostly 2/5. 25 winning session streak with no back to back losers.

May: Was up 7K little over a week into the month. Just crossed the breakeven mark yesterday to make it a losing month. 5 extremely big losing sessions in a row at 2/5(over 1.2K each time).

I'm burnt from putting in an unhealthy amount of volume last month and clearly not on A game but this level of soul crushing variance makes me question if I'm good enough to be sustaining 8-10bb/hr at 2/5.
What are your results prior to this?
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Old 05-18-2014, 10:53 AM   #7199
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Quote:
Originally Posted by Cyal8rloser View Post
April: 360 hrs/18.7K profit at mostly 2/5. 25 winning session streak with no back to back losers.

May: Was up 7K little over a week into the month. Just crossed the breakeven mark yesterday to make it a losing month. 5 extremely big losing sessions in a row at 2/5(over 1.2K each time).

I'm burnt from putting in an unhealthy amount of volume last month and clearly not on A game but this level of soul crushing variance makes me question if I'm good enough to be sustaining 8-10bb/hr at 2/5.
Bro you put in 360 hours of volume in one Month !? Did I read that right?
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Old 05-18-2014, 12:06 PM   #7200
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re: Winrates, bankrolls, and finances

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What are your results prior to this?
Before April all my play has been online for the past year. Prior to that I grinded live but I don't have a meaningful sample size.

Quote:
Originally Posted by Pay4Myschool View Post
Bro you put in 360 hours of volume in one Month !? Did I read that right?
Yes. Tampa HR grinders can verify this. Got really sick towards the end.
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