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Old 08-25-2015, 10:11 AM   #10051
suited fours
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Havax View Post
What is the maximum amount of cash I can put into my bank account every month that won't get looked at by the IRS that I don't have to report as income? My accountant once said something about there was a $14,000 (this number could be wrong) gift exception of money you can get from family members per year tax-free.

Therefore does this mean the maximum amount I can deposit is $14k of my poker earnings each year without having to report it?

Background on me if it matters: I own a small business is my only official source of income. I currently keep all my poker earnings in cash in a safe and spend it via cash without ever letting it touch my bank. What is the most I can put in my bank safely each month/year?
I'm guessing it's a car wash?
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Old 08-25-2015, 10:13 AM   #10052
suited fours
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re: Winrates, bankrolls, and finances

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Originally Posted by DonkeyCopter View Post
550 hours of 1/2 and 1/3 and I'm at over $56/hour. I just looked at all of my sessions in 2015 and about 1 out of 3 (30%) of them are plus or minus $900 or more, average session length 5.24 hours.
My best advice is to play more.
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Old 08-25-2015, 10:14 AM   #10053
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re: Winrates, bankrolls, and finances

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Originally Posted by suited fours View Post
I'm guessing it's a car wash?
i'm gonna go with Laundromat (less time needed to be there)
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Old 08-25-2015, 10:17 AM   #10054
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re: Winrates, bankrolls, and finances

Got a glimpse of something that you won't see posted as a brag in the usual BR post....

Profile of an 8bb/hr loser.

I saw something rather fascinating this weekend. Fascinating because rarely can you confirm via data such things and are left to only speculation in live poker.

A loosing 1/3 player was showing his results to another player at the table. I actually took a pic of his screen (Johnny buzz can confirm as I texted it to him). It was a sea of red.

Over 1k hrs at 1/3 this player is more than -23k or -$23.50/hr. He loses 2/3 of his sessions (he claims that's improved from winning 20%) and has a std dev $186/hr.

Some bullet points:

-He usually buys in short often $100-$200 in a $500 cap game.
-on the rare occasion he builds a stack he goes south when he table changes. Or quits.
-His pf hand range is better than the avg LLSNL player but he does call raises for too much of his stack then fold missed flops.
-he blows People out of pots when he flops an overpair regardless of stack size. He protects his hand at all costs including over committing when deeper when he's out flopped.
-he bombs way ahead / way behind spots when he thinks he's ahead (senses weakness) and chk/ folds when he thinks he's behind (scared of board or senses strength). So he constantly misses value by folding the best med strength hands or over betting and folding all worse hands while paying off better with premiums or flopped big hands with a small equity edge that turned bad.
-he set mines with hopelessly bad implied odds.
-he mostly seems terrified of turns and rivers.
-he mostly never bluffs.
-he is attempting to avoid variance.
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Old 08-25-2015, 10:31 AM   #10055
johnnyBuz
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re: Winrates, bankrolls, and finances

^ confirmed sighting at 3am as I was wallowing in my own 2/5 misery thinking things couldn't get much worse. it provided a modicum of relief
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Old 08-25-2015, 10:40 AM   #10056
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re: Winrates, bankrolls, and finances

surprising that the guy was honest enough to track these losing results over 1K hands. I feel like most losing players would either quit or delude themselves into thinking they aren't losing as much as they are.
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Old 08-25-2015, 10:51 AM   #10057
nicname
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re: Winrates, bankrolls, and finances

I would be depressed. Maybe he's just rich, but I can't imagine losing 23k at 1/3 and feeling very good about things. I play poker for fun, but it isn't fun to blow money at that rate.
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Old 08-25-2015, 10:57 AM   #10058
ZuneIt
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by squid face View Post
what cronchop sed

it appears u are asking how to avoid giving our great nation your fair share of taxes which is an ill advised act. I would start by asking a moderator to delete your post
You're jokin' right? I mean anyone who hasn't been livin' in a cave has heard of all the corrupt spending by the federal government.

Now it's the 33k spent by Homeland Security in 2013 at Starbucks that wasn't properly documented. As far as I'm concerned, there is no way to properly document that! We don't work to buy federal employees coffee.
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Old 08-25-2015, 10:57 AM   #10059
BirdsallSa
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by cAmmAndo View Post
Got a glimpse of something that you won't see posted as a brag in the usual BR post....

Profile of an 8bb/hr loser.

I saw something rather fascinating this weekend. Fascinating because rarely can you confirm via data such things and are left to only speculation in live poker.

A loosing 1/3 player was showing his results to another player at the table. I actually took a pic of his screen (Johnny buzz can confirm as I texted it to him). It was a sea of red.

Over 1k hrs at 1/3 this player is more than -23k or -$23.50/hr. He loses 2/3 of his sessions (he claims that's improved from winning 20%) and has a std dev $186/hr.

Some bullet points:

-He usually buys in short often $100-$200 in a $500 cap game.
-on the rare occasion he builds a stack he goes south when he table changes. Or quits.
-His pf hand range is better than the avg LLSNL player but he does call raises for too much of his stack then fold missed flops.
-he blows People out of pots when he flops an overpair regardless of stack size. He protects his hand at all costs including over committing when deeper when he's out flopped.
-he bombs way ahead / way behind spots when he thinks he's ahead (senses weakness) and chk/ folds when he thinks he's behind (scared of board or senses strength). So he constantly misses value by folding the best med strength hands or over betting and folding all worse hands while paying off better with premiums or flopped big hands with a small equity edge that turned bad.
-he set mines with hopelessly bad implied odds.
-he mostly seems terrified of turns and rivers.
-he mostly never bluffs.
-he is attempting to avoid variance.
Wow. I've always found it somewhat difficult to believe that there could be a constant influx of money in a pool of losing players. This drives the point home though. If this guy is willing to lose 80 buyins in only 1000 hours, TRACKING HIS RESULTS, imagine how much the true fish are losing and they think they're "More or less ahead".
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Old 08-25-2015, 11:02 AM   #10060
ZuneIt
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Quote:
Originally Posted by DonkeyCopter View Post
Yeah, actually for the past couple months I've been wearing sunglasses while playing (its actually pretty bright in the room) which I think is getting me more action on average. I'm also a young looking dude which helps.
If you wear a hoodie & your name isn't Phil Laak, or you use a card protector & your name isn't Greg Raymer, you wear a cowboy hat & your name isn't Doyle Brunson, or you wear sunglasses & your name isn't Chris Ferguson........ you're probably a fish.
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Old 08-25-2015, 11:04 AM   #10061
BirdsallSa
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Quote:
Originally Posted by ZuneIt View Post
You're jokin' right? I mean anyone who hasn't been livin' in a cave has heard of all the corrupt spending by the federal government.

Now it's the 33k spent by Homeland Security in 2013 at Starbucks that wasn't properly documented. As far as I'm concerned, there is no way to properly document that! We don't work to buy federal employees coffee.
Can't say whether he was joking about the first part or not, though I definitely can see how it could read satirically. The second part of his post is legitimate advice. Regardless of your stance on the morality of income tax, if you're going to break a law that is so heavily researched once suspicion lands on you, the last thing you should do is post about your plans to do it on an internet forum.
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Old 08-25-2015, 11:09 AM   #10062
BirdsallSa
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Quote:
Originally Posted by ZuneIt View Post
If you wear a hoodie & your name isn't Phil Laak, or you use a card protector & your name isn't Greg Raymer, you wear a cowboy hat & your name isn't Doyle Brunson, or you wear sunglasses & your name isn't Chris Ferguson........ you're probably a fish.
Assuming someone is a fish for wearing a hoodie and sunglasses, okay, whatever I guess. How exactly does using a card protector weight someone towards being a fish?
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Old 08-25-2015, 11:20 AM   #10063
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by ZuneIt View Post
If you wear a hoodie & your name isn't Phil Laak, or you use a card protector & your name isn't Greg Raymer, you wear a cowboy hat & your name isn't Doyle Brunson, or you wear sunglasses & your name isn't Chris Ferguson........ you're probably a fish.
Players assuming I'm a fish is exactly what I want, regardless of whether or not I'm actually a fish
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Old 08-25-2015, 11:30 AM   #10064
BirdsallSa
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Originally Posted by DonkeyCopter View Post
Players assuming I'm a fish is exactly what I want, regardless of whether or not I'm actually a fish
Do you find that wearing the sunglasses affects your table image in any negative ways? Are people less likely to hold conversation with you? Are resc intimidated? Etc... Or do you find everyone just looks at you as some aggressive fish?
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Old 08-25-2015, 11:42 AM   #10065
Evil Empire36
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Quote:
Originally Posted by BirdsallSa View Post
Do you find that wearing the sunglasses affects your table image in any negative ways? Are people less likely to hold conversation with you? Are resc intimidated? Etc... Or do you find everyone just looks at you as some aggressive fish?
No it just makes you look like a tool.
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Old 08-25-2015, 11:44 AM   #10066
johnnyBuz
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Evil Empire36 View Post
No it just makes you look like a tool.
+1 on sunglasses wearing players being tools
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Old 08-25-2015, 11:51 AM   #10067
DeathCabForTootie
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by johnnyBuz View Post
+1 on sunglasses wearing players being tools
Not to go too far down the path, but sunglasses and/or headphones/earbuds are bad for image and bad for the game.
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Old 08-25-2015, 11:54 AM   #10068
Havax
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I wonder if the ratio of overall losing players : winning players is even a larger disparity when it comes to people who wear sunglasses that are winners : people who wear sunglasses that are losers.
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Old 08-25-2015, 12:00 PM   #10069
kookiemonster
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re: Winrates, bankrolls, and finances

There is a bad reg (hellova nice guy though) in my pool that used to be there everyday. Lately though, you only see him on the weekdays, sometimes only in the first half of the week. Another reg was mentioning that he didn't see him around as often as usual and the bad reg explained that his wife has put him on a strict gambling budget. When pressed further he admitted that he was losing too much but now it is ok because he has a strict stop loss of $2500/week.
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Old 08-25-2015, 12:02 PM   #10070
BirdsallSa
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Quote:
Originally Posted by kookiemonster View Post
There is a bad reg (hellova nice guy though) in my pool that used to be there everyday. Lately though, you only see him on the weekdays, sometimes only in the first half of the week. Another reg was mentioning that he didn't see him around as often as usual and the bad reg explained that his wife has put him on a strict gambling budget. When pressed further he admitted that he was losing too much but now it is ok because he has a strict stop loss of $2500/week.
You have a bad reg in your player pool? I don't believe it.
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Old 08-25-2015, 12:20 PM   #10071
DonkeyCopter
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by BirdsallSa View Post
Do you find that wearing the sunglasses affects your table image in any negative ways? Are people less likely to hold conversation with you? Are resc intimidated? Etc... Or do you find everyone just looks at you as some aggressive fish?
I chat people up in general. I will take the shades off if I'm holding consistent conversation with someone else at the table, or folding alot. Most times I leave them on my head and put them on after I've opened a pot, and I definitely get more action this way.

I NEVER use headphones/earbuds; this puts off a tighter vibe and is definitely bad for the game.
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Old 08-25-2015, 01:39 PM   #10072
suited fours
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by ZuneIt View Post
If you wear a hoodie & your name isn't Phil Laak, or you use a card protector & your name isn't Greg Raymer, you wear a cowboy hat & your name isn't Doyle Brunson, or you wear sunglasses & your name isn't Chris Ferguson or DonkeyCopter........ you're probably a fish.
fyp

DonkeyCopter with that WR, keep doing what you're doing.
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Old 08-25-2015, 01:49 PM   #10073
suited fours
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by cAmmAndo View Post
Got a glimpse of something that you won't see posted as a brag in the usual BR post....

Profile of an 8bb/hr loser.

I saw something rather fascinating this weekend. Fascinating because rarely can you confirm via data such things and are left to only speculation in live poker.

A loosing 1/3 player was showing his results to another player at the table. I actually took a pic of his screen (Johnny buzz can confirm as I texted it to him). It was a sea of red.

Over 1k hrs at 1/3 this player is more than -23k or -$23.50/hr. He loses 2/3 of his sessions (he claims that's improved from winning 20%) and has a std dev $186/hr.

Some bullet points:

-He usually buys in short often $100-$200 in a $500 cap game.
-on the rare occasion he builds a stack he goes south when he table changes. Or quits.
-His pf hand range is better than the avg LLSNL player but he does call raises for too much of his stack then fold missed flops.
-he blows People out of pots when he flops an overpair regardless of stack size. He protects his hand at all costs including over committing when deeper when he's out flopped.
-he bombs way ahead / way behind spots when he thinks he's ahead (senses weakness) and chk/ folds when he thinks he's behind (scared of board or senses strength). So he constantly misses value by folding the best med strength hands or over betting and folding all worse hands while paying off better with premiums or flopped big hands with a small equity edge that turned bad.
-he set mines with hopelessly bad implied odds.
-he mostly seems terrified of turns and rivers.
-he mostly never bluffs.
-he is attempting to avoid variance.
most amazing bit is that he tracks it.

very cool info. thanks for sharing.
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Old 08-25-2015, 01:56 PM   #10074
nicname
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re: Winrates, bankrolls, and finances

In the last two days we've had a dude ask how to avoid paying taxes, tangible evidence of the depravity of a losing reg degen, and a discussion of sunglasses at the table.

Really hitting the whole gambit lately. Very entertaining.
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Old 08-25-2015, 02:02 PM   #10075
srbrain
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Havax View Post
What is the maximum amount of cash I can put into my bank account every month that won't get looked at by the IRS that I don't have to report as income? My accountant once said something about there was a $14,000 (this number could be wrong) gift exception of money you can get from family members per year tax-free.

Therefore does this mean the maximum amount I can deposit is $14k of my poker earnings each year without having to report it?

Background on me if it matters: I own a small business is my only official source of income. I currently keep all my poker earnings in cash in a safe and spend it via cash without ever letting it touch my bank. What is the most I can put in my bank safely each month/year?
I have been audited by the IRS. The very first thing they do is look at your bank statements and they want proof of where every deposit came from. Their number one priority is finding unreported income. If you put money in a bank account it is permanently there for audit.

I quit playing the cash hiding game and started reporting 100% of poker income a couple of years ago. It feels good to be honest and it has solidified how I feel about poker as a second job. I believe being professional in all aspects of poker leads to better success.
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