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Old 05-26-2014, 10:52 AM   #7276
iraisetoomuch
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Whatever you do with $400 bank roll you will have to get lucky early on. So find the easiest game and hope to not hit negative variance. Past that just hope to not run KK into AA.
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Old 05-26-2014, 11:02 AM   #7277
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re: Winrates, bankrolls, and finances

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Originally Posted by Yeodan View Post
only play the home games
^^ obv your best bet

tbh I'm mad jealous of people that get invited to home games of any magnitude
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Old 05-26-2014, 11:16 AM   #7278
gobbledygeek
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re: Winrates, bankrolls, and finances

What's everyone's monthly win streak record?

Unless I sneak in an unplanned session, I've just had mine at 1/3 NL come to an end at 23 months (will book a loss for May 2014, last booked a monthly loss in May 2012).

I know Squid just snapped one too (how long Squid?). Anyone else had a good one / have a good one going?

Gdidn'trealizeitwasactuallypossibletoloseinthisgam eG
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Old 05-26-2014, 11:28 AM   #7279
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re: Winrates, bankrolls, and finances

10 months @ 2/5...

pretty meaningless stat in itself tho, obv
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Old 05-26-2014, 11:46 AM   #7280
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18 straight winning months at 2/5, but my stats are nothing to write home about this calendar year. I've had three straight low profit months (~3k ) where It felt like I couldn't win significantly for awhile. Variance can be a ***** when it's not on your side that you need one hell of a sample to get a good feel for your true ability to crush these games
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Old 05-26-2014, 11:48 AM   #7281
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18 winning months straight is awesome. Keep it up!
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Old 05-26-2014, 12:34 PM   #7282
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Originally Posted by Pay4Myschool View Post
18 straight winning months at 2/5, but my stats are nothing to write home about this calendar year. I've had three straight low profit months (~3k ) where It felt like I couldn't win significantly for awhile. Variance can be a ***** when it's not on your side that you need one hell of a sample to get a good feel for your true ability to crush these games
Wow nice run , low profit lately or not profit is profit

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Old 05-26-2014, 12:52 PM   #7283
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re: Winrates, bankrolls, and finances

GG snapped at 22 months. Booked just under 800 loss in april but bossed it up in may and am at 10k for the month
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Old 05-26-2014, 12:52 PM   #7284
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by timmay28 View Post
10 months @ 2/5...

pretty meaningless stat in itself tho, obv
Oh yeah I agree, totally meaningless, especially when the number of hours per month could vary wildly from player to player (such as rec vs pro).

Gstill,funtocompare!G
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Old 05-26-2014, 12:54 PM   #7285
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re: Winrates, bankrolls, and finances

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Originally Posted by gobbledygeek View Post
Oh yeah I agree, totally meaningless, especially when the number of hours per month could vary wildly from player to player (such as rec vs pro).

Gstill,funtocompare!G
NTTATWWT

but seriously - my "low volume" months are still 100hrs+
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Old 05-26-2014, 01:05 PM   #7286
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Originally Posted by squid face View Post
NTTATWWT

but seriously - my "low volume" months are still 100hrs+
Based on last years hours, I averaged ~47 hours a month. Which I think makes it even more remarkable (i.e. flukey) that I managed the streak I did, considering that you'd think there would have been a time I simply ran bad over a low volume ~30 hour month.

Gdoesn'trunbadG
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Old 05-26-2014, 02:52 PM   #7287
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re: Winrates, bankrolls, and finances

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Originally Posted by squid face View Post
GG snapped at 22 months. Booked just under 800 loss in april but bossed it up in may and am at 10k for the month
squid, have you ever had consecutive losing months in your career, if you don't mind me asking?
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Old 05-26-2014, 03:17 PM   #7288
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2300 hour sample. Avg month volume 125 hours. Longest win streak six months. Game is half hold em and Omaha. Although now mostly Omaha. Biggish game. 10-25 plo with 50-100k on table.
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Old 05-26-2014, 03:18 PM   #7289
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re: Winrates, bankrolls, and finances

I Would have to look waaaaay back. Possible I had consecutive losing months around 03 but honestly can not remember
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Old 05-26-2014, 03:44 PM   #7290
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I Would have to look waaaaay back. Possible I had consecutive losing months around 03 but honestly can not remember
Subtle brag
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Old 05-26-2014, 04:28 PM   #7291
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re: Winrates, bankrolls, and finances

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yeah australias high living costs and inflation are the cause of this, dealers are paid 23-28 bucks an hour regardless of day and night and they cant accept tips, apparently theyre illegal. Seems like a robbery in progress, i guess the casino always wins!
If you don't have to tip than perhaps the rake isn't as outrageous as it looks at first. Most players tip at least 1$ per hand they win, often more. If we count dealer tips as part of the rake that's at least an extra $30/hr going to the house, possibly more. Most places in the US max rake is $5 (I'm not including the 1 or 2 for BBJ etc). That's a max of $150hr going off the table. However it's closer to $190 with tips ($210 if you include the promo drop). The 3/5 Aussie game has a max rake of $10 for a max of $300/hr leaving the table. So about 1/3 more. In a 9 handed US game you're paying $23/hr in rake. You're paying $33/hr in the Aussie game.

So simply subtract $10/hr from your winrate at a game with a better rake. It's a significant difference but if yuo're beating 2/5 pretty well it's still beatable.

Unless I've missed or overlooked something in this, which is possible.

I'm not gonna touch the 20 max at 1/2 or 2/2. Thats outrageous.
Quote:
Originally Posted by Duvdar View Post
Since I play live I do not have graphs but I have always done fairly well.
You have a smartphone I'm guessing? Than playing live is not an excuse to have have detailed stats. Even in the old days you could write down your start time/end and buyin/cashout to track your total profits and $/hr.
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Old 05-26-2014, 11:17 PM   #7292
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re: Winrates, bankrolls, and finances

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Originally Posted by problemeliminator View Post
If you don't have to tip than perhaps the rake isn't as outrageous as it looks at first. Most players tip at least 1$ per hand they win, often more. If we count dealer tips as part of the rake that's at least an extra $30/hr going to the house, possibly more. Most places in the US max rake is $5 (I'm not including the 1 or 2 for BBJ etc). That's a max of $150hr going off the table. However it's closer to $190 with tips ($210 if you include the promo drop). The 3/5 Aussie game has a max rake of $10 for a max of $300/hr leaving the table. So about 1/3 more. In a 9 handed US game you're paying $23/hr in rake. You're paying $33/hr in the Aussie game.

So simply subtract $10/hr from your winrate at a game with a better rake. It's a significant difference but if yuo're beating 2/5 pretty well it's still beatable.

the game also has a $10 per hour time charge in sydney at least
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Old 05-26-2014, 11:26 PM   #7293
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the game also has a $10 per hour time charge in sydney at least
Says $10 on arrival in the picture shared. So id say only play long sessions. Its absurdly high, but I think still beatable.
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Old 05-26-2014, 11:52 PM   #7294
Mase Broke
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Building a live bankroll

Hey guys,

I have some questions on starting up a live bankroll and I thought I would post it here to get some of your input.

Little bit about me: I used to play online all of the time before it shut down and I play live now very intermittently (probably 2-4 times a month). I am supposed to be getting Full Tilt money back soon (lol, we'll see) and I was thinking of converting it to my live bankroll.

The games that I play are either $1/$2 NL with a max $300 buy in or I like to play anywhere from $30-$150 live tournaments on occasion. Another thing to keep in mind is that I pay all of my bills/entertainment with my job. I want to make my poker bankroll completely separate from my life expenses since I want to treat this like a job.

With that being said, here are my questions:

1) How many max buy ins for cash games ($300 in this case) should I have in my roll before I even get started? I assume I would probably want at least 10 buy ins?

2) How many live tournament buy ins should I have set aside? I would assume probably at least 10 buy ins?

3) Should I separate my cash game roll from my tournament roll?

4) Should I use my bankroll or my entertainment money from my job to cover gas/hotel expenses for when I go and play? If out of my bankroll, any recommendations/tips with that?

Thanks for all of the insight guys, I really do appreciate the help!
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Old 05-27-2014, 12:33 AM   #7295
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Generally, 20 buyins+ for cash is the accepted standard. With that said, if you were a winning online player, live players are horrible in comparison and the variance is much less. Honestly, you could easily build a roll with 5 buyins. I was in a similar position as you. Full-time job, former online winner at 200 and 400nl. I bought into a 1/2 game just once and built my poker roll from there.

I can't speak to donkaments as I never play them.

I pay for all expenses on my cc and note/log them, but I keep them separate from my roll. I like to know my exact hourly and how much I am winning, and not have to include misc expenses in that right away.
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Old 05-27-2014, 12:35 AM   #7296
Jake Stanton
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Re: Building a live bankroll

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Originally Posted by Mase Broke View Post
1) How many max buy ins for cash games ($300 in this case) should I have in my roll before I even get started? I assume I would probably want at least 10 buy ins?
as long as you have bills covered + little extra that you can add to your roll from job then you really don't need much to get started. i built my bankroll starting with 2 buyins when i was working a regular job.
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Old 05-27-2014, 01:40 AM   #7297
chriswt
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re: Winrates, bankrolls, and finances

10 buyins should be more than adequate to feel comfortable getting started. At 1/3 nobody's ever really putting you in many tough, high-variance spots.
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Old 05-28-2014, 12:36 AM   #7298
Mase Broke
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re: Winrates, bankrolls, and finances

All good points guys, the advice definitely helps.

I guess my other question, in regards to tournaments, would be this:

We have 2 card clubs here in the Twin Cities and they are both fantastic. One runs a $120 Bounty tourney on Monday nights ($75 + $20 juice + $25 bounty per person). The other place runs a $150 bounty on Saturday nights ($80 + $20 juice + $50 bounty per person).

The reason I mention these tournaments specifically is that I feel I can be a little more flexible on how many buy ins I need to play these tournaments since you are getting 1/5 - 1/3 of your buy in back by KO'ing one person. I'm not sure if someone has came up with a theory or formula on ABI for these bounty tourneys or # of buy ins in your roll to play these for bounty tournaments but I am really curious.
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Old 05-28-2014, 10:40 PM   #7299
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re: Winrates, bankrolls, and finances

What would have a higher hourly?

5/5$ (200$-1000$) on PokerTek Tables (50-70h /hr)
5/10$ (500$-2000$) Standard dealer table (20-30h/hr
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Old 05-28-2014, 10:53 PM   #7300
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Quote:
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What would have a higher hourly?

5/5$ (200$-1000$) on PokerTek Tables (50-70h /hr)
5/10$ (500$-2000$) Standard dealer table (20-30h/hr
Depends on skill levels of the players in each game.
But if skill levels are identical then its likely that they will be very similar. 1bb / hour at 5/10 is equivalent to 2bb / hour at 2/5 but you are seeing 2x the hands at 2/5.
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