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Old 07-09-2014, 03:27 PM   #7551
Snowball2
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Quote:
Originally Posted by iraisetoomuch View Post
Are you planning to move up?
There is only 5/5 available and the buyin is 200bbs. I currently play in the 100bbs 2/5. No other games available unless i were to drive a lot further (a bit over an hour as opposed to 15 min). I could aim to move up to the 5/5 I guess but it would only be a weekend thing probably because it doesnt get better than the 2/5 often.
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Old 07-09-2014, 03:31 PM   #7552
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Originally Posted by iraisetoomuch View Post
Are you planning to move up?
Are you well rolled now?
Do you actually need the money or is it just for fun?

All things to consider before making withdrawal decision.
Yes very well rolled for the 2/5. Need the money. Playing for living.
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Old 07-09-2014, 11:09 PM   #7553
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re: Winrates, bankrolls, and finances

A guy told me once, that the only reason he liked for keeping poker $ on the side, so the IRS can't see the cash.

Besides that, no reason to have poker $ and "life" $ separate. They're the same thing. How did anyone ever start a poker roll? By playing with $0 and building it up? They took some money out of that week's paycheck and started playing.
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Old 07-09-2014, 11:12 PM   #7554
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re: Winrates, bankrolls, and finances

That is awful advice, it is like saying: "why budget? I'm just gonna spend the money anyway!"
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Old 07-10-2014, 02:49 AM   #7555
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Quote:
Originally Posted by 11t View Post
That is awful advice, it is like saying: "why budget? I'm just gonna spend the money anyway!"
I remember hearing/reading something from Angelo that went along the lines of the only division of finances is mentally.


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Old 07-10-2014, 04:40 AM   #7556
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Originally Posted by Pay4Myschool View Post
I play live poker for a living, and have about $22k in my roll with 4 months of life expenses already put away outside of my bankroll. Would you guys say I'm rolled enough to start taking a few 100bb 5/10 shots when the lineup looks soft? I obviously would have 2/5 100bb max as my usual game
I would reccomend waiting till you have 25k and setting 5k aside for 5/10.

I play for a living as well & wins/losses at my reg game don't phase me at all but having a -2k day/session while taking shots at 5/10 bothered me. Might of partially been due to the fact that was my "Biggest losing day ever"

Even though my shot taking ended positive, when I decide to play again I will set x amount aside from my "normal" bankroll. Might even just wait till I have 40 full buy ins.
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Old 07-10-2014, 09:09 AM   #7557
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by de4df1sh View Post
I remember hearing/reading something from Angelo that went along the lines of the only division of finances is mentally.
This is funny on multiple levels. Well done.
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Old 07-10-2014, 09:17 AM   #7558
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by de4df1sh View Post
I remember hearing/reading something from Angelo that went along the lines of the only division of finances is mental.
Good point. He says that in the highly acclaimed series The Eightfold Path to Poker Enlightenment on Deuces Cracked.
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Old 07-10-2014, 10:46 AM   #7559
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re: Winrates, bankrolls, and finances

Thanks for the bankroll advice guys. Brag: I just luckboxed a $3K win last night so I might be rolled for $5/10. I'm such a nit though that I won't shot take until I see a soft lineup, and just continue to play my soft $2/5 until that happens. Our $5/10 only runs a few days a week so either way I can only play it 1/2 the time I grind in Michigan anyways.
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Old 07-10-2014, 10:53 AM   #7560
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Avaritia View Post
This is funny on multiple levels. Well done.
Notsureifserious, but welcome back.
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Old 07-11-2014, 12:01 AM   #7561
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This is funny on multiple levels. Well done.
Still too shy to come back into chat
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Old 07-11-2014, 12:05 AM   #7562
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re: Winrates, bankrolls, and finances

Avaritia,

Hope all is well with you. Please give me a holler over Skype or whatever just to let me know you have been doing.
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Old 07-11-2014, 03:05 AM   #7563
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re: Winrates, bankrolls, and finances

Good to see the lady in red. Would love to hear how you're doing.
For serious.
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Old 07-11-2014, 04:04 PM   #7564
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re: Winrates, bankrolls, and finances

^ +1
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Old 07-12-2014, 08:50 PM   #7565
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re: Winrates, bankrolls, and finances

Hi all, very serious question here:

Should I quit $2/5?

I've lost about 3500 over about 50 hours, including losing the last 4 sessions in a row.

I know I've been running bad, but I also know I made some mistakes. The value of my mistakes in some spots was just slightly -EV, but the result every time was the full loss. EX: I play a $1000 pot where the EV of my shove (with the losing hand) turned out to be about -$160, but the result was I lost $500 on the hand.

I played 2 large pots where I had 70%+ equity and lost each. Had my hand held up, I'd be down about 2500 total.

I've flopped zero sets and must have seen at least 30 flops with pocket pairs.

Is a 3500 downswing too much to be attributed to variance? Should I move back down to $1/2? FWIW, I can beat $1/2 and my win rate at 1/2 recently has been higher than ever.

I'm still properly rolled for 2/5 and have a stable job.
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Old 07-12-2014, 09:19 PM   #7566
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Kinda hard to say because $3500 really isn't very much. I used to always do a stop loss of $1500, and I often had 2 losing sessions in a row (aka down $3k). Often play bad and run bad go hand in hand but losing $3.5k at 2/5 is not in itself a big deal.
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Old 07-12-2014, 11:01 PM   #7567
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Wouldn't worry too much as long as you are playing well/correctly. So far in 2014 I have a $30.67 an hour winrate over 897 hours at 2/5 at MD Live. I have had 4 downswings over $4000. Pretty much all of the winning regs here have had 10 buy in swings...I think it's fairly "normal".

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Old 07-12-2014, 11:09 PM   #7568
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700 big blinds is very standard for winning players.

So the fact that you had that down swing essentially says nothing about your game.

The way that you get there is far more important. So try hard to look objectively at the way you play and post hands that you think you might not have played well.
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Old 07-12-2014, 11:20 PM   #7569
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re: Winrates, bankrolls, and finances

700bb is nothing...that's like two bad days.
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Old 07-13-2014, 12:33 AM   #7570
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by BenT07891 View Post
Hi all, very serious question here:

Should I quit $2/5?

I've lost about 3500 over about 50 hours, including losing the last 4 sessions in a row.

I know I've been running bad, but I also know I made some mistakes. The value of my mistakes in some spots was just slightly -EV, but the result every time was the full loss. EX: I play a $1000 pot where the EV of my shove (with the losing hand) turned out to be about -$160, but the result was I lost $500 on the hand.

I played 2 large pots where I had 70%+ equity and lost each. Had my hand held up, I'd be down about 2500 total.

I've flopped zero sets and must have seen at least 30 flops with pocket pairs.

Is a 3500 downswing too much to be attributed to variance? Should I move back down to $1/2? FWIW, I can beat $1/2 and my win rate at 1/2 recently has been higher than ever.

I'm still properly rolled for 2/5 and have a stable job.
can't find any reason to go back to hell. expect up to $5 downswings playing 2/5 100bb cap. play well, gl
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Old 07-13-2014, 12:53 AM   #7571
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50 hours is nothing. But if you're questioning your plays because you're making bad decisions then that's pretty serious. I'd play on, but there's nothing wrong with taking a couple weeks off and studying up rather than grinding. Or if dropping to 1/2 makes you more comfortable then that's could be the right choice to rebuild your confidence. Since it sounds like you still have a BR over $10k I'm very tempted to say that you should play 2/5 for at least a couple more sessions.
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Old 07-13-2014, 12:53 AM   #7572
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Should I stay or Should I Go? BR mgmt questions

My question is geared specifically towards playing on a short roll, i.e 10-15 BI.

I play 1/2 with 2.6k in the roll 2.4k if you don't count the stack on the table. Great table for the most part, already run up 200 into 450 and haven't gotten stacks in just abusing in position. With position on two fish 100bbs deep and a deep stack reg around 400bb and before I know it up to 650 from 200 maybe 4 hours in.

Is it better to take the decent win and pad the roll or should I be going for a big score? I kept thinking back to Caro's words on playing under good conditions.... The deep reg left a few orbits after and another few after that 3 of the tables fish had left so it made the decision pretty easy. But before that I wasn't sure.

WWYD??
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Old 07-13-2014, 12:58 AM   #7573
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Do you have a job?
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Old 07-13-2014, 01:16 AM   #7574
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Re: Should I stay or Should I Go? BR mgmt questions

I'm telling you what I did 20+ years ago when I start in Vegas. I had $6000 on my name and a good car. That was all I got. I had to live, pay rent and pay whatever little bills I had at that time. Now, don't forget that in order to make a decent profit just to survive I had to play every day in the small $1/2 NL Downtown where during the week all the best NL locals were. Weekends have been my bread and butter (3 days). So, how much is that? - 30 buy-ins.

It depends how you play the game. If you are the type of dude that likes to play big pots after the flop, the variance is extremely high, due solely to the big pots. Tight play does not provide a solution to this problem, although it somewhat tones it down. The obvious answer is a big enough bankroll. Do not adopt any strategies designed to reduce variance! Treat your bankroll as funny money. Have enough to withstand challenges of fate. Do not spend the winnings to early in your career.

Variance goes thru the roof when you start building big pots. Swelled pots are a source of nightmare and frustration. For a drunken tourist with a miniskirt Vegas chick hanging on his shoulder, this is fun. For a pro with a modest bankroll, big pots are toying with death. You can see traces of sweat on his forehead and upper lip. It's a nightmare.

But so what. If you have a bankroll, you should ram & jam on the flop and after. Yes, the skill factor goes way down postflop after you decide to play a big pot, but you are having way the best of it by now. Jamming is profitable.

After a while, if the game is good to you, buy yourself something out of the bankroll. A shiny gambler's watch, maybe a $10K Rolex. A little token of pride. A mark of achievement. You will feel good about yourself, that's never a bad thing to do.

Last edited by Octavian; 07-13-2014 at 01:36 AM.
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Old 07-13-2014, 01:56 AM   #7575
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Re: Should I stay or Should I Go? BR mgmt questions

Quote:
Yes, the skill factor goes way down postflop after you decide to play a big pot
confused...skill factor rises postflop and subsequent streets, this is where you can force your Vs to make bigger, more lucrative mistakes, obviously as the hero you can make significantly more impactful mistakes as well.


anyways, if you feel like "this is too much $ on table" you will undoubtedly play sub-par so better to get up, however if you excel at deeper play and see opportunity at the table still, it can set you up for big scores and give you a greater arsenal of moves at that table.
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