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Winrates, bankrolls, and finances Winrates, bankrolls, and finances
View Poll Results: What is your Win Rate in terms of BB per Housr
Less than 0 (losing)
5 6.41%
0-2.5
0 0%
2.5-5
6 7.69%
5-7.5
8 10.26%
7.5-10
15 19.23%
10+
26 33.33%
Not enough sample size/I don't know
18 23.08%

01-29-2016 , 05:34 PM
Quote:
Originally Posted by rockville9
I feel like I've been torched for asking a question. Maybe I phrased it wrong, and I apologize. I understand that live play inherently results in smaller sample sizes than a mathematical model could. And I understand that the smaller your sample size the less reliable the data. OK. I'm sorry. But since the win-rate post has 870 pages of posts, all in the LIVE LOW-STAKES forum, I thought I was asking the question in the correct place.

What I really wanted to know, is if live play doesn't provide enough data to make a given person's win-rate reliable, how can you analize live play? Are live results even necessary? How did this forum get to be 870pg? Someone should have posted right away that live results are in-accurate, saved everyone a lot of time and moved on.
Live results do provide enough data, it just takes a while to get that data. 1000 hours is not an unrealistic amount of time to put in. Just use the variance calculator I posted. It will give you your confidence intervals. Math is math. It doesn't change just because getting the desired result is really hard.

I'm making $150/hour over the last 75 hours. There is zero chance that my hourly is much above $50 (even that is unlikely). If I can run $100/hour above EV, you can too. Doesn't take a genius to figure that out. You're not getting torched for your question, you're getting torched for saying that 75 hours is a decent sample size.
Winrates, bankrolls, and finances Quote
01-29-2016 , 06:19 PM
Quote:
Originally Posted by t_roy
Of course, but the normal SDs are known (60-100) so we have an idea of what is needed. Every sample size question can be answered with this: http://pokerdope.com/poker-variance-calculator/
Live SD should average higher.

Or maybe I'm doing something wrong to get a 200BB/100 SD
Winrates, bankrolls, and finances Quote
01-29-2016 , 06:37 PM
Quote:
Originally Posted by browni3141
Live SD should average higher.

Or maybe I'm doing something wrong to get a 200BB/100 SD
60-100/hour not 100 hands. Just use hours instead of hands. As long as you use the same denominators, the math is the same.
Winrates, bankrolls, and finances Quote
01-29-2016 , 06:45 PM
Quote:
Originally Posted by FishtermerService
I think I am done for month of January....so I can post results. Brag post for sure. Since I last posted 15 days ago or so, I've been continuing to crush 2/5 live here in Jax, FL.

Hours Played: 157 hours, 47 minutes
Profit/Loss: +$8,080.00
Cashed Sessions: 16/21

2/5: $ 6,564.00 profit
5/10: $1,516.00 profit (Only 1 session, 6 hours played till game broke. Was a very good game though)

Was a great month boys!
Nice month. Do you play full-time?
Winrates, bankrolls, and finances Quote
01-29-2016 , 06:57 PM
Quote:
Originally Posted by rockville9

How did this forum get to be 870pg? Someone should have posted right away that live results are in-accurate, saved everyone a lot of time and moved on.

Did you read page 1 post #1 ?
Winrates, bankrolls, and finances Quote
01-29-2016 , 07:08 PM
I DIDN'T MEAN TO POST THAT 75hr was a decent sample size

I feel like pushing edges is a discussion for other posts. But a casino pushing a 4% edge is different. They have 1000+ gaming tables at which to push that edge. I have 1 gaming table.

Thank you for everyone's comments.
Winrates, bankrolls, and finances Quote
01-29-2016 , 07:27 PM
Idea is the same though...
Winrates, bankrolls, and finances Quote
01-30-2016 , 12:57 AM
Hey Rockville, good luck with finding the best way to run up a bankroll.

Imo, 1/2 anywhere in the country should be very beatable provided they have reasonable rake. For me, knowing that I have the skills to beat 1/2, even if I didn't know for how much, allowed me to just bite the bullet and play whenever I can. I've never found having only $800-$1000 in my name a deterrent to sitting down and playing and in my college days, sometimes, that's really all I had. But also, I've never found myself ghetto arse broke and unable to come up with $1k just by working a job more hours that I'm out of the game for too long, if you live in the U.S. or any other affluent country, you shouldn't have a problem.
Winrates, bankrolls, and finances Quote
01-30-2016 , 01:08 AM
I'm outside the card room smokin (and drinkin). I found a dollar on the ground. Should this be counted in my winnings?
Winrates, bankrolls, and finances Quote
01-30-2016 , 01:20 AM
Yes.
Winrates, bankrolls, and finances Quote
01-30-2016 , 01:20 AM
Quote:
Originally Posted by Parallelflux
Hey Rockville, good luck with finding the best way to run up a bankroll.



Imo, 1/2 anywhere in the country should be very beatable provided they have reasonable rake. For me, knowing that I have the skills to beat 1/2, even if I didn't know for how much, allowed me to just bite the bullet and play whenever I can. I've never found having only $800-$1000 in my name a deterrent to sitting down and playing and in my college days, sometimes, that's really all I had. But also, I've never found myself ghetto arse broke and unable to come up with $1k just by working a job more hours that I'm out of the game for too long, if you live in the U.S. or any other affluent country, you shouldn't have a problem.

"I believe I can fly, therefore I can."
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:55 AM
Quote:
Originally Posted by Richard Parker
Yes.

Cool... Wanna see my giraffe?
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:58 AM
I don't swing that way.
Winrates, bankrolls, and finances Quote
01-30-2016 , 06:11 AM
Quote:
Originally Posted by t_roy
60-100/hour not 100 hands. Just use hours instead of hands. As long as you use the same denominators, the math is the same.

You linked to a tool which uses BB/100, so naturally I assumed that's the unit you were using. Also, the tool suggests that a standard SD for FR NLHE is 60-80 BB/100, which is too small for live players. I wanted to make sure you weren't suggesting a similar range.

I prefer converting to the units the tool uses. Assuming 25 hands/h you simply *4 win-rate and *2 SD. If anyone follows your advice they should just make sure they get the sample size right. It should be h*100 for 'h' hours. This is why I prefer using BB/100. Then all the units are "natural" even if BB/h is more applicable to live than BB/100.
Winrates, bankrolls, and finances Quote
01-30-2016 , 10:23 AM
Quote:
Originally Posted by johnnyBuz
Nice month. Do you play full-time?
No. Very tempted to though. I have a full time job in sales where I work ~20-25 hours a week.

I'm rolled for 2/5 ... want to try it so bad
Winrates, bankrolls, and finances Quote
01-30-2016 , 11:22 AM
Quote:
Originally Posted by FishtermerService
No. Very tempted to though. I have a full time job in sales where I work ~20-25 hours a week.

I'm rolled for 2/5 ... want to try it so bad
????????
Winrates, bankrolls, and finances Quote
01-30-2016 , 12:17 PM
Basically he played hooky a lot.
Winrates, bankrolls, and finances Quote
01-30-2016 , 12:34 PM
Quote:
Originally Posted by kekeeke
lol scrubs who run bad itt

*doom switch*

fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uu
Doom switch is 100% real. I didn't believe it, until I faced it.

That fateful day I was all pumped up. Worked out, ****ed hard, ate a big meal, and drove right over to the cas... And then proceeded to get anally fisted by variance. Regression to the mean sucks balls.

Word to the wise, keep it humble. I learned the hard way lol.
Winrates, bankrolls, and finances Quote
01-30-2016 , 12:56 PM
You learned the hardball way.

Or just be really good, then it's like whatever.
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:20 PM
"Be really good," as in, "lose minimum every time you're on a downswing"?

That, I have to work on. It's really tough to realize you're on a cold streak mid-session, and find the discipline to fold sets etc.
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:38 PM
Quote:
Originally Posted by Hardball47
"Be really good," as in, "lose minimum every time you're on a downswing"?

That, I have to work on. It's really tough to realize you're on a cold streak mid-session, and find the discipline to fold sets etc.
"be really good" as in understanding that you only control your decisions. You decide, when to play, where to play, how to play.

"be really good" as in not letting results, particularly recent results, bother you emotionally, thereby hindering your decision making.
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:42 PM
Quote:
Originally Posted by suited fours
"be really good" as in understanding that you only control your decisions. You decide, when to play, where to play, how to play.

"be really good" as in not letting results, particularly recent results, bother you emotionally, thereby hindering your decision making.
**** just got real.

I was posting partly in jest, but you're right.
Winrates, bankrolls, and finances Quote
01-30-2016 , 02:53 PM
What suited fours said.

Getting mad in losing is kind of like getting mad that you missed the left turn light.
Winrates, bankrolls, and finances Quote
01-30-2016 , 03:29 PM
Hey, that's pretty good.
Winrates, bankrolls, and finances Quote
01-30-2016 , 03:48 PM
Quote:
Originally Posted by Hardball47
"Be really good," as in, "lose minimum every time you're on a downswing"?

That, I have to work on. It's really tough to realize you're on a cold streak mid-session, and find the discipline to fold sets etc.
Shouldn't be folding sets because you're on a cold streak. Shouldn't be doing anything because of a cold streak.
Winrates, bankrolls, and finances Quote

      
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