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Old 11-21-2015, 10:57 AM   #11776
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re: Winrates, bankrolls, and finances

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Originally Posted by ZuneIt View Post
Really?! I mean really?!!

Have you ever heard of not investing more than 3-5% of your portfolio in 1 stock? Preferably 2%? Aren't you the guy in his mid 20s thinkin' about quitin' your job & goin' pro?

If you are, and you have 625k to toy around with, congratz!!! on 'livin' it large'!
I read it the same way at first and was considering similar responses. Assuming it's $25000 in Stock, not 25000 shares.
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Old 11-21-2015, 11:12 AM   #11777
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If we're talkin' about GPRO [GoPro, Inc.] listed on NASDAQ, the lowest it's been in the last year is $18.86.
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Old 11-21-2015, 12:13 PM   #11778
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re: Winrates, bankrolls, and finances

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Really?! I mean really?!!

Have you ever heard of not investing more than 3-5% of your portfolio in 1 stock? Preferably 2%? Aren't you the guy in his mid 20s thinkin' about quitin' your job & goin' pro?

If you are, and you have 625k to toy around with, congratz!!! on 'livin' it large'!
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I read it the same way at first and was considering similar responses. Assuming it's $25000 in Stock, not 25000 shares.
Yah I meant total $ investment, not # of shares. So it's 1000 shares.

You are right about diversification ZuneIt, but I'm going for home runs right now (not recommended). Sitting on a paper loss at the moment so I'll hold until 4Q earnings and reassess the position.
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Old 11-21-2015, 07:02 PM   #11779
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What is your 2/5 and 10/10 max BI?

I guess if I had a 500 max 1/2 I would play that more often. I rarely play 1/2 anymore, once a month maybe. But my room has a 500 max 1/3 so it's fairly similar and very juicy. My 1/3 WR (limited sample size) is absolutely ridiculous and blows my 2/5 (run bad I hope) out of the water.

How often are you playing 2/5? 10/10?
@Johnny - if I remember correctly from a thread awhile ago, we play at the same casino (won't post which one, not sure if you're opposed to posting where you play) & I am curious about your opinion as far as winrates and moving from 1/2 to 2/5 and when you decided to make the switch.

I had played poker for fun with friends throughout college, but just started taking the game very seriously this June after I graduated - I was able to log a lot of hours this summer before I started work, get to play significantly less now.

I have been having great results at 1/2 so far - near the end of the summer i decided to take a few shots at 2/5 at got crushed due to a combination of bad play and bad luck and some intimidation in moving up in stakes.

My stats since June 2015:

1/2: 357 hours (54 sessions), +$12,611 ($35.32/hour)
2/5: 27 hours (4 sessions), -$3,583 (-$132.67/hour)

Poker Earnings/Bankroll: $11,571 (includes online)

I also have a good full-time job, living at home with minimal expenses for now, and lucky to have a significant life roll for someone my age - but I keep my poker roll separated.

So I'm curious after how many hours/what bankroll size/what level of profit did you book at 1/2 to decide to move onto primarily playing 2/5 and how the switch has gone for you so far.

I have also considered moving to 1/3, but there always seems to be a list/not many tables and my logic has been that you miss out on a lot of the huge huge fish that only play 1/2. I have only played the 1/3 game once - ran really bad and lost like 7/800 (I think this is just included in my 1/2 stats as I switched over to 1/2 that session) and haven't tried it again.

My original plan was to play 1/2 until I booked 20K in profit, and then try and transition to playing 2/5 full-time, but was curious how you did it.
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Old 11-23-2015, 05:34 PM   #11780
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Originally Posted by Dizzyqtp View Post
@Johnny - if I remember correctly from a thread awhile ago, we play at the same casino (won't post which one, not sure if you're opposed to posting where you play) & I am curious about your opinion as far as winrates and moving from 1/2 to 2/5 and when you decided to make the switch.

I had played poker for fun with friends throughout college, but just started taking the game very seriously this June after I graduated - I was able to log a lot of hours this summer before I started work, get to play significantly less now.

I have been having great results at 1/2 so far - near the end of the summer i decided to take a few shots at 2/5 at got crushed due to a combination of bad play and bad luck and some intimidation in moving up in stakes.

My stats since June 2015:

1/2: 357 hours (54 sessions), +$12,611 ($35.32/hour)
2/5: 27 hours (4 sessions), -$3,583 (-$132.67/hour)

Poker Earnings/Bankroll: $11,571 (includes online)

I also have a good full-time job, living at home with minimal expenses for now, and lucky to have a significant life roll for someone my age - but I keep my poker roll separated.

So I'm curious after how many hours/what bankroll size/what level of profit did you book at 1/2 to decide to move onto primarily playing 2/5 and how the switch has gone for you so far.

I have also considered moving to 1/3, but there always seems to be a list/not many tables and my logic has been that you miss out on a lot of the huge huge fish that only play 1/2. I have only played the 1/3 game once - ran really bad and lost like 7/800 (I think this is just included in my 1/2 stats as I switched over to 1/2 that session) and haven't tried it again.

My original plan was to play 1/2 until I booked 20K in profit, and then try and transition to playing 2/5 full-time, but was curious how you did it.
If you have a full time job and a significant life roll outside of your poker roll, why bother waiting until 20k? Just move when you are good enough to be more profitable than at 1/2.
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Old 11-23-2015, 07:00 PM   #11781
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If you have a full time job and a significant life roll outside of your poker roll, why bother waiting until 20k? Just move when you are good enough to be more profitable than at 1/2.
I guess I was just trying to figure out what a good sample size/win rate is to tell you're ready to move up or take a shot since I've only been playing live seriously since June; so I was curious how Johnny had been doing at the 1/2 tables and for how big of a sample in the same casino before he moved up to compare.
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Old 11-24-2015, 12:13 PM   #11782
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re: Winrates, bankrolls, and finances

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Originally Posted by Dizzyqtp View Post
I guess I was just trying to figure out what a good sample size/win rate is to tell you're ready to move up or take a shot since I've only been playing live seriously since June; so I was curious how Johnny had been doing at the 1/2 tables and for how big of a sample in the same casino before he moved up to compare.
Honestly, you might never be fully confident your sample size is large enough (ex. I recently posted here how my last ~700 hours I'm running at 1/3rd of what I ran my first ~1800 hours, in the same game).

However, it looks like you're off to a good start and by this time you should be getting a handle on who the good players are and who the losers are and what mistakes / etc. are being made. Assuming you have a replenishable bankroll, perhaps eye up the larger stakes table and sit in it if the player makeup looks good?

GgoodluckG
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Old 11-24-2015, 01:12 PM   #11783
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Dizzyqtp View Post
@Johnny - if I remember correctly from a thread awhile ago, we play at the same casino (won't post which one, not sure if you're opposed to posting where you play) & I am curious about your opinion as far as winrates and moving from 1/2 to 2/5 and when you decided to make the switch.

I had played poker for fun with friends throughout college, but just started taking the game very seriously this June after I graduated - I was able to log a lot of hours this summer before I started work, get to play significantly less now.

I have been having great results at 1/2 so far - near the end of the summer i decided to take a few shots at 2/5 at got crushed due to a combination of bad play and bad luck and some intimidation in moving up in stakes.

My stats since June 2015:

1/2: 357 hours (54 sessions), +$12,611 ($35.32/hour)
2/5: 27 hours (4 sessions), -$3,583 (-$132.67/hour)

Poker Earnings/Bankroll: $11,571 (includes online)

I also have a good full-time job, living at home with minimal expenses for now, and lucky to have a significant life roll for someone my age - but I keep my poker roll separated.

So I'm curious after how many hours/what bankroll size/what level of profit did you book at 1/2 to decide to move onto primarily playing 2/5 and how the switch has gone for you so far.

I have also considered moving to 1/3, but there always seems to be a list/not many tables and my logic has been that you miss out on a lot of the huge huge fish that only play 1/2. I have only played the 1/3 game once - ran really bad and lost like 7/800 (I think this is just included in my 1/2 stats as I switched over to 1/2 that session) and haven't tried it again.

My original plan was to play 1/2 until I booked 20K in profit, and then try and transition to playing 2/5 full-time, but was curious how you did it.
The games play different enough that I don't think there is a logical minimum number of hours before you move up. You need the bankroll. You need the psychological bankroll. You need to be good enough at the pokerz.

I'd recommend buying in for 100bb until you believe that you are a winning player at that level.

I've suggested in the past that the move from 1-2 or 1-3 to 2-5 is a challenging difference in many venues, but many seem to disagree with that opinion. (I've played both in many different casinos, including yours)
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Old 11-24-2015, 02:43 PM   #11784
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Thanks guys - appreciate all the advice. I was definitely discouraged after taking a few shots in the summer and getting crushed, but in hindsight, on top of losing multiple big pots after getting the money in good, I think I really let the higher stakes affect my game and played pretty terribly in a lot of spots. I just set the 20k goal as an arbitrary number to prove to myself that I was playing solid enough to try and move up again, but I feel like my game has been consistently improving enough over time to think about taking some shots again in the near future.
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Old 11-24-2015, 04:13 PM   #11785
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WR over time is just an indicator of progress, nothing more.

If your WR is maintaining or better, it is a good sign that you may be progressing.

If your WR is decreasing, it may be that you need to work on your game some more.
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Old 11-24-2015, 06:38 PM   #11786
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Do you think I could get away with playing 2/5 NLHE on weekends, if I table selected hard, with a $5k roll? I am in South FL.

Currently playing mostly 100NL on Bovada. A few bb winrate over 100k hands. Also beating 200NL over a 10k hand sample but that doesn't mean much.
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Old 11-24-2015, 07:27 PM   #11787
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Is 5k all you have to your name? Or would you still have a online roll? And do you have 6 months of expenses saved somewhere else?

I think you need to give us a lot more info related to your entire financial picture before we can say whether 5k is enough for you to grind juicy live 2/5 NLHE games on weekends.
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Old 11-24-2015, 07:33 PM   #11788
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Is 5k all you have to your name? Or would you still have a online roll? And do you have 6 months of expenses saved somewhere else?

I think you need to give us a lot more info related to your entire financial picture before we can say whether 5k is enough for you to grind juicy live 2/5 NLHE games on weekends.
I live at home with my parents and they support me. I am in college and just turned 23.

$6k is all I have to my name and is my entire online roll. I was going to withdraw maybe $2.5-$3k for cash in hand and leave the rest on Bovada.

Last edited by bm303; 11-24-2015 at 07:38 PM.
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Old 11-24-2015, 08:32 PM   #11789
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re: Winrates, bankrolls, and finances

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I live at home with my parents and they support me. I am in college and just turned 23.

$6k is all I have to my name and is my entire online roll. I was going to withdraw maybe $2.5-$3k for cash in hand and leave the rest on Bovada.
I have played a ton on line
I have played a ton live
I have played south florida games

5k is ample for me if I bought in for 100 bigs

That being said it may not be for you. After Black Friday I saw a TON of on line players not able to adjust to live play and spray chips all over the place.

standard problems
impatient
trying to win every pot
entitlement tilt

Will you have those problems - I cant say cuz I dont know you or your game.
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Old 11-24-2015, 09:22 PM   #11790
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re: Winrates, bankrolls, and finances

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I live at home with my parents and they support me. I am in college and just turned 23.

$6k is all I have to my name and is my entire online roll. I was going to withdraw maybe $2.5-$3k for cash in hand and leave the rest on Bovada.

Sure a $6k roll is enough to play live 2/5NL. Just need to understand your risk of ruin % will be higher than that of a player with a solid bankroll.

Also need to consider if you know you're capable of beating the games solidly. This is where most people overestimate their abilities imo... The beauty of NL is it can make the worst player in the world think he is the best player for a time...

Not being a solid confident winner will def be a problem especially on a short roll. How will this effect your play after having a tough session? Will you leave or stay and play stuck? Will you adhere to rules you set for yourself and your bankroll?

Imo risk of ruin will be high in your particular situation... The question is how high and what is your tolerance for risk?

Would you be ok if you lost the whole $6k 20% of the time? What about 35% of the time. But then the flip side is you may succeed 80% of the time. Or 65% of the time. Who knows what the real risk of ruin % is for you and your situation.

Risk/reward...

Hope this helps give a general guideline and understanding of the risk your taking.
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Old 11-24-2015, 09:34 PM   #11791
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*** Official Winrates, bankrolls, and finances ***

23 years old, in college, with support from home... ****ing go for it and don't worry. There is no "ruin" nor any significant risk.

You may lose $6k, but so what... live poker requires very minimal extra cash flow to have infinite lives at 1/3.
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Old 11-24-2015, 09:53 PM   #11792
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I think he may feel the $6k is a lil more important than **** it YOLO that ****! Other wise the question probably wouldn't have been asked.

Risk of ruin is logical perspective to look at the risk/reward and see if it makes sense for him personally to take that kinda risk.
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Old 11-24-2015, 11:29 PM   #11793
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I think he may feel the $6k is a lil more important than **** it YOLO that ****! Other wise the question probably wouldn't have been asked.

Risk of ruin is logical perspective to look at the risk/reward and see if it makes sense for him personally to take that kinda risk.
If your 35 with spouse/kids and a mortgage and 6k is a significant part of your assets, yeah, don't just YOLO the money

OP is 23, in college, no significant bills, 6k is really nothing. At worst it's a few months of a job.
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Old 11-25-2015, 12:25 AM   #11794
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There is no reason to risk the entire 6k. You take a shot and if you run good stay at 2/5. If you don't run good, drop down to 1/2 or 1/3 and build it back up and then take another shot. Rinse and repeat.
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Old 11-25-2015, 12:54 AM   #11795
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Three or four 10/10 games going right now contemplating taking another shot. Up $750 at 2/5 so would only be risking $250. Lineup looks soft but I got raped for $2k last time I shot took.
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Old 11-25-2015, 01:09 AM   #11796
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Almost free rolling for the day. I'd probably stick to 2/5 since ur running good
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Old 11-25-2015, 10:15 AM   #11797
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bm303,

In your situation, i would probably play 50% live 2/5 NL and 50% live 1/3 NL (or live 1/2 NL is live 1/3 NL isn't spread at your casino). Just play whichever game seems to have the juicier lineup. You don't have to be a "2/5 player" or a "1/3 player." Just bumhunt the best tables.

You are rolled for playing a mix of live 2/5 NL and live 1/3 NL (assuming you only play 2/5 NL when it looks juicy), but you probably aren't rolled for playing strictly live 2/5 NL.
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Old 11-25-2015, 11:15 AM   #11798
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Up $750 at 2/5 so would only be risking $250.
can't tell if serious or not
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Old 11-25-2015, 11:16 AM   #11799
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I live at home with my parents and they support me. I am in college and just turned 23.

$6k is all I have to my name and is my entire online roll. I was going to withdraw maybe $2.5-$3k for cash in hand and leave the rest on Bovada.
Go for it. I'n your shoes I'd take about a 4k shot.
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Old 11-25-2015, 11:18 AM   #11800
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can't tell if serious or not
I would lay a lot on serious.
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