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Old 11-27-2015, 11:51 PM   #11876
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re: Winrates, bankrolls, and finances

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Originally Posted by Sneaky Pete View Post
It was actually pretty good. Well done.

In simpler words, basically if I am up 300bb, winning another 50bb is pretty much not going to make me feel any better than I already do.

On the flip side, if I lose 100bb, I would feel really crappy.

So why sit there?
lolfeelings
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Old 11-28-2015, 05:09 AM   #11877
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re: Winrates, bankrolls, and finances

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It was actually pretty good. Well done.

In simpler words, basically if I am up 300bb, winning another 50bb is pretty much not going to make me feel any better than I already do.

On the flip side, if I lose 100bb, I would feel really crappy.

So why sit there?
It's all one session, doesn't matter if you win that extra 50BB today or in a week.

But when you start to have thoughts like this, yes it's a good time to leave.
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Old 11-28-2015, 06:29 AM   #11878
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re: Winrates, bankrolls, and finances

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Originally Posted by Ragequit99 View Post

Whale does a double take, looks back at the board, then looks back at her with a somewhat crestfallen expression - she calls and he shows 2-pair!
Whale's reaction? Was probably awesome, I can only imagine the dead silence permeating the table.
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Old 11-28-2015, 08:46 AM   #11879
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re: Winrates, bankrolls, and finances

Yeah sorry, whale looks crestfallen. He basically realises he's gone and ****ed it up and then makes it worse by having no poker-face. Still takes some guts for the pro to make the $75K call.
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Old 11-28-2015, 11:46 AM   #11880
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re: Winrates, bankrolls, and finances

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Thanks guys, that is all really great advice and I'm taking it all onboard.

10% effective as a guideline but conditional on who has me covered and how good the game is and how I'm feeling about winning or losing the next 100. Great stuff, and thanks for the vote of confidence kookiemonster appreciate it.


On related side note:
Did anyone read about the female pro, forgot her name now, who put her whole BR on the table vs some mega-whale billionaire? Maybe it was in cardplayer or something last year... IDK Anyway, it's a cool story:

She was playing 5/10 with an $80K roll (I think...). Sat at her normal game and this high roller she knows comes over, says hi and can he join her game. She persuades the other players to open a tenth seat (without much difficulty) and the whale sits down with $100K in chips he just won at roulette.

Pro obviously waves the 10% rule for this one and goes and gets the rest of her roll!

So shortly after she gets in a hand with the whale and somehow gets to the river quite cheap with KXs and rivers the flush. Whale bets into her, she raises - at this point the pot is less than $1000 - the whale instashoves the rest of his $100K!!!!

She's sat there with the second nuts but her entire $80K bankroll at stake and the whale looking pretty pleased with himself. Stress ensues. Obviously.

While she's thinking what to do the guy says something like "I've got you beat don't worry about it." They're kind of friends so she thinks this means he has it. She asks; "you got the flush then?"

Whale does a double take, looks back at the board, then looks back at her with a somewhat crestfallen expression - she calls and he shows 2-pair!

Fortune favours the brave
Idolizing pros like this and Matt Damon are why most people end up broke imo.

Never been called a nit at the tables, but I guess I am with my roll. I prefer it that way. Makes things much easier. FWIW I do think there are exceptions at higher stakes if great games in the area are much more rare. There will always be great games at 1/2 and 2/5.
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Old 11-28-2015, 01:24 PM   #11881
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If someone calls me a pro, I would think he's insulting me.
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Old 11-28-2015, 01:59 PM   #11882
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re: Winrates, bankrolls, and finances

I'm interested in playing 1/2 live full ring full-time, if not "near" full-time (30+ hours/wk).

The games at my local casino are fairly tight-passive during the week, and can explode on the weekends. The rake structure is 10% with a max of $6 + $1 for BBJ.

Curious if this is still beatable and what type of roll is likely needed to maintain. Hero plays TAG. Haven't booked too many hours to establish an honest win rate, but currently running at ~$19.87 over 600+ hours. Hero currently has a full-time job, but considering other options.
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Old 11-28-2015, 03:26 PM   #11883
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re: Winrates, bankrolls, and finances

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I'm interested in playing 1/2 live full ring full-time, if not "near" full-time (30+ hours/wk).

The games at my local casino are fairly tight-passive during the week, and can explode on the weekends. The rake structure is 10% with a max of $6 + $1 for BBJ.

Curious if this is still beatable and what type of roll is likely needed to maintain. Hero plays TAG. Haven't booked too many hours to establish an honest win rate, but currently running at ~$19.87 over 600+ hours. Hero currently has a full-time job, but considering other options.
Congrats, you've already established that it WAS beatable for you. Your win rate almost certainly was more than just positive variance. However, tons of factors potentially come into play as you increase your hours and as you play for primary income as opposed to supplemental income.

The usual advice is don't do it, OR ease into it OR don't burn bridges because you'll likely hate it or fail in some way.
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Old 11-28-2015, 03:32 PM   #11884
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re: Winrates, bankrolls, and finances

Keep your day job and play poker on the side with the goal of moving up to 2/5 if available. Grind hard for a few more months while working and if you do well and really enjoy it then consider dropping the job.

The game you are playing is beatable but the thought of grinding 1/2 for a living is horrific.
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Old 11-28-2015, 03:33 PM   #11885
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re: Winrates, bankrolls, and finances

Keep working because it will suck when you're eventually trying to find a real job and have a huge gap in your resume.

If I wasn't a white male I'd be screwed.
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Old 11-28-2015, 06:15 PM   #11886
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Keep working because it will suck when you're eventually trying to find a real job and have a huge gap in your resume.

If I wasn't a white male I'd be screwed.
I applied for a part time sales position last winter and had a 2 year gap from work because of poker. I was traveling and playing the circuit events. I had a phone interview and told the guy the truth. He was fascinated by it. We talked for over a half hour about poker and traveling. He hired me. I stayed there for 2 months and put in notice. The guy begged me to stay and even offered me a training position. With all of that said, I am also a white male too.

White privilege rocks.
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Old 11-28-2015, 07:46 PM   #11887
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I am not a white male.

I agree the gap in employment history will not look appealing. But as mentioned, the honesty of explaining what you did and how you did it may draw intrigue and withdraw further inquiry.

Worst case, just show your bank account.

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Old 11-28-2015, 08:05 PM   #11888
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re: Winrates, bankrolls, and finances

But if your bank account is empty....
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Old 11-28-2015, 08:24 PM   #11889
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Idolizing pros like this and Matt Damon are why most people end up broke imo.

Never been called a nit at the tables, but I guess I am with my roll. I prefer it that way. Makes things much easier. FWIW I do think there are exceptions at higher stakes if great games in the area are much more rare. There will always be great games at 1/2 and 2/5.
Don't get me wrong, this woman is obviously better at poker than I will ever be and I'm not intending to emulate her or her BR management technique. Just a fun and extreme example of a time it might be ok to break the 10% rule.

That said I did re-watch Rounders last week...
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Old 11-28-2015, 11:07 PM   #11890
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re: Winrates, bankrolls, and finances

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But if your bank account is empty....
Get staked... lol
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Old 11-29-2015, 01:36 AM   #11891
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Don't get me wrong, this woman is obviously better at poker than I will ever be and I'm not intending to emulate her or her BR management technique. Just a fun and extreme example of a time it might be ok to break the 10% rule.

That said I did re-watch Rounders last week...
My point is that she is an idiot. It is never ok to put your roll on the table as a professional. It makes for fun stories and exciting movie plots, but it is incredibly stupid.

I have seen multiple pros play games that were too big for them and end up flat broke. In general, your edge is never as big as you think and variance can be way worse than you think. Just trying to keep some of you from the same fate. All it takes is a little more patience and grinding to keep yourself in a perfectly safe situation.
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Old 11-29-2015, 02:10 AM   #11892
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If you're worried about playing with 10% of your roll on the table make sure to sit on the left of big stacks. Problems mostly solved
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Old 11-29-2015, 03:34 AM   #11893
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I was playing 2/5 at the Wynn a year ago severely under rolled. I bought in for 1k and got in 300 preflop then 700 on the flop vs an ATC fish. Flop Kxx. River Q.


It set me back 8 months after it was all said and done
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Old 11-29-2015, 03:34 AM   #11894
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Keep working because it will suck when you're eventually trying to find a real job and have a huge gap in your resume.
Quote:
Originally Posted by paratrooper99 View Post
I applied for a part time sales position last winter and had a 2 year gap from work because of poker.
FWIW, gap in resume is an issue with full-time skill positions and careers.

Part-time sales position will probably be less selective.
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Old 11-29-2015, 03:35 AM   #11895
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I agree the gap in employment history will not look appealing. But as mentioned, the honesty of explaining what you did and how you did it may draw intrigue and withdraw further inquiry.
It isn't. Most people see poker as a vice, nothing more.
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Old 11-29-2015, 04:53 AM   #11896
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^ Most people think the Giants are winning because of Coughlin not in spite of him. People are morons. Create your job instead of applying to one.
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Old 11-29-2015, 05:43 AM   #11897
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Everyone should be ready for three losing months and still have to meet their monthly nut
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Old 11-29-2015, 09:36 AM   #11898
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re: Winrates, bankrolls, and finances

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Originally Posted by RelentlessDoubt View Post
I was playing 2/5 at the Wynn a year ago severely under rolled. I bought in for 1k and got in 300 preflop then 700 on the flop vs an ATC fish. Flop Kxx. River Q.


It set me back 8 months after it was all said and done

Couldn't your parents just give you money?
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Old 11-29-2015, 09:44 AM   #11899
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Couldn't your parents just give you a Porsche?
ftfy
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Old 11-29-2015, 09:49 AM   #11900
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re: Winrates, bankrolls, and finances

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^ Most people think the Giants are winning because of Coughlin not in spite of him. People are morons. Create your job instead of applying to one.
Idk, he looks like he's trying really hard
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