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Old 12-12-2014, 12:04 AM   #8276
Lapidator
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re: Winrates, bankrolls, and finances

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Originally Posted by D0UGHBOY View Post
Might as well wait until you have 1k and go to 5/10.
"A chip and a chair" is all you need.
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Old 12-12-2014, 12:05 AM   #8277
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re: Winrates, bankrolls, and finances

g/l playing your 'A' game after losing ~500bb in a live session. if there is some donating whale and you are just running bad, then its a different story. even then I think most people will struggle.
imo 200bb in way too conservative unless you are playing <2hrs.
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Old 12-12-2014, 12:07 AM   #8278
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re: Winrates, bankrolls, and finances

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Originally Posted by Lapidator View Post
"A chip and a chair" is all you need.
Well I mean that's pretty much what it comes down to. It's pointless to ask a question then say lol when you get an answer that you don't like.
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Old 12-12-2014, 12:38 AM   #8279
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re: Winrates, bankrolls, and finances

Definitely have to have stop loss. I adjust mine.depending on up or down swinging. More money I have the higher my stop. The less money I have the lower.

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Old 12-12-2014, 01:40 AM   #8280
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re: Winrates, bankrolls, and finances

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Not sure this belongs in this thread, but anybody do a 2 buy-in stop loss for the day or something like that. I have a tendency to play when I am too tired and/or distracted and I try to push through it only to lose multiple buy-ins.
If you have to ask about a stop loss, then you need one.
No seriously.

One of the reasons that its good to establish a stop loss is that for the vast majority of players, when you lose a bunch of money, your play changes.

So, you shold just stop playing.

If you can sit here and say that you are playing thesame when down 300bb that you are when you are even or +300bb then there's no reason to have a stop loss.
But if that's the case, you wouldn't be asking this question.



So, yes, stop after 2 buy ins.
And if you're not playing better than 8/9 other people at the table after you lose you first buy in, maybe hav ae 1bi stop loss...
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Old 12-12-2014, 03:13 PM   #8281
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re: Winrates, bankrolls, and finances

I have a stop loss of 250bbs. I find this number to be the best because it allows for topping up but also for a complete 100bb buy in if I get coolered out of the first one. When I had a 200bb stop loss if I was coolered after topping up on the first buy in I was short of max on the second.

As you become better with dealing with tilt I think you can continue to increase that amount.

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Old 12-13-2014, 10:15 PM   #8282
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re: Winrates, bankrolls, and finances

Can anyone tell me a formula or a site/app/program to calculate RoR in live poker?

I feel like plugging my live stats into pokerdope is giving me some really off results?
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Old 12-13-2014, 10:52 PM   #8283
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re: Winrates, bankrolls, and finances

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Originally Posted by de4df1sh View Post
Can anyone tell me a formula or a site/app/program to calculate RoR in live poker?

I feel like plugging my live stats into pokerdope is giving me some really off results?

It's almost always 50-50 I think
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Old 12-13-2014, 10:54 PM   #8284
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re: Winrates, bankrolls, and finances

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It's almost always 50-50 I think

What do you mean 50/50?
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Old 12-13-2014, 11:41 PM   #8285
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re: Winrates, bankrolls, and finances

Try here.

If that doesn't work:

Try here.
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Old 12-13-2014, 11:45 PM   #8286
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by bwslim69 View Post
It's almost always 50-50 I think
Quote:
Originally Posted by de4df1sh View Post
What do you mean 50/50?
Slim be trollin

He meant either you busto, or you dont, hence 50/50
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Old 12-13-2014, 11:55 PM   #8287
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re: Winrates, bankrolls, and finances

I don't think this is accurate,

lets assume we are dealt 25/hr in live FR

to get our BB/100 we would multiply our bb/hr by 4

same deal with our standard deviation correct?

So why for 1% RoR:

10bb/100 + 80std/100 = 1473bb bankroll

But x4

40bb/100 + 320std/100 = 5894 bankroll
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Old 12-13-2014, 11:57 PM   #8288
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re: Winrates, bankrolls, and finances

When you win rate goes up, your std dev doesn't go up by the same amount.
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Old 12-13-2014, 11:57 PM   #8289
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re: Winrates, bankrolls, and finances

Ya math doesn't work that way

Can't just multiply everything by 4 lol
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Old 12-14-2014, 12:01 AM   #8290
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re: Winrates, bankrolls, and finances

So what would an appropriate conversion of std be?
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Old 12-14-2014, 01:02 AM   #8291
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re: Winrates, bankrolls, and finances

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So what would an appropriate conversion of std be?
Idk but if you have a 40bb/hr winrate you're in decent shape with even like a 10bi roll imo
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Old 12-14-2014, 01:06 AM   #8292
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re: Winrates, bankrolls, and finances

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Originally Posted by de4df1sh View Post
So what would an appropriate conversion of std be?
Isn't std proportional to sqrt of number of hands played? So if you calculate std per hand, the std deviation for 100 hands is 10x not 100x. Your bankroll requirements shouldn't change because you are playing more hands though. You just get into "long run" faster where your win rate overwhelms your std. That is one of the great things about playing online vs. live, a player gets into the "long run" so much faster. Many moons ago we had discussions about live poker and fluctuations being so dominant. None other than David Sklansky indicated that I was too pessimistic so just have a high win rate and everything will be fine, seriously.
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Old 12-14-2014, 01:14 AM   #8293
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re: Winrates, bankrolls, and finances

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Originally Posted by Duke0424 View Post
Idk but if you have a 40bb/hr winrate you're in decent shape with even like a 10bi roll imo

He's saying 40bb per 100 hands. He's saying 10 bb per hour and if he gets in 25 hands per hour that equates to 40bb/100.
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Old 12-14-2014, 01:33 AM   #8294
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re: Winrates, bankrolls, and finances

Correct @ sqrt() of multiplier for stdev.

The original post in this thread actually has, still to date, the most pertinent info.
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Old 12-14-2014, 01:42 AM   #8295
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by D0UGHBOY View Post
He's saying 40bb per 100 hands. He's saying 10 bb per hour and if he gets in 25 hands per hour that equates to 40bb/100.
Ya my bad that's what I meant
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Old 12-14-2014, 05:05 AM   #8296
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re: Winrates, bankrolls, and finances

That was just a theoretical example.

I usually like to be conservative and assume my true win rate is less then my observed win rate.
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Old 12-14-2014, 07:11 AM   #8297
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re: Winrates, bankrolls, and finances

I often feel like I must be hitting sets way more than I should...but I pretty much immediately forget all of the hands where I played a pocket pair and missed, so it's hard to tell.
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Old 12-14-2014, 11:20 AM   #8298
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re: Winrates, bankrolls, and finances

What's it like to flop a set when not holding AA? I wouldn't know.
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Old 12-14-2014, 09:16 PM   #8299
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re: Winrates, bankrolls, and finances

Casual player here so be nice. Winrates, bankrolls, and finances

The last 300 hours have been break even and I am just shy of 500 hrs total.

Questions: what can I interpret from the data? Am i certainly a winning player? (although the bb per hr is not critical for me at this point) also, plz confirm 300 hr break even stretch means nothing. Lol





Last edited by serio562; 12-14-2014 at 09:25 PM.
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Old 12-14-2014, 09:22 PM   #8300
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re: Winrates, bankrolls, and finances

That's very good.

Congratulations!

Keep up the pace.
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