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Old 03-07-2016, 12:33 AM   #13901
kekeeke
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re: Winrates, bankrolls, and finances

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Originally Posted by Siculamente View Post
I probably misunderstood. If both people in a relationship have great paying jobs then why would one want to play live low stakes for the money?
Few people have hobbies that earn them money, a hobby is usually a money sink.

Plus who doesn't like some side money that is legal and.. ahem.. tax free
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Old 03-07-2016, 01:25 AM   #13902
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re: Winrates, bankrolls, and finances

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Originally Posted by VolumeKing View Post
Quick question! a friend of mine was saying that if you have large swings it's because you are winning big pots but also losing big pots.
Most people only track session swings, so it's possible to lose a lot of small pots and ended sessions down a lot or up a lot.

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Over a long sample size a higher winrate is going to have less swings overall but maybe more in the short term while a low winrate will have less swings daily but it will take longer to dig out of a losing streak because your winrate is so small. Does that sound right?
Not really, sounds convoluted.

One thing that most poker players can never learn is to appreciate losing hands.
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Old 03-07-2016, 01:26 AM   #13903
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re: Winrates, bankrolls, and finances

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Originally Posted by Siculamente View Post
I probably misunderstood. If both people in a relationship have great paying jobs then why would one want to play live low stakes for the money?
Why not?

Money is still money.
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Old 03-07-2016, 03:31 AM   #13904
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re: Winrates, bankrolls, and finances

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Why not?

Money is still money.
That's why they call it money.
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Old 03-07-2016, 07:12 AM   #13905
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re: Winrates, bankrolls, and finances

[ ] wealthy
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Old 03-07-2016, 09:57 AM   #13906
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re: Winrates, bankrolls, and finances

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Originally Posted by Siculamente View Post
I probably misunderstood. If both people in a relationship have great paying jobs then why would one want to play live low stakes for the money?
Define "great"

And in reality if my wife made what I make, which I would classify as very good, I would be more inclined to play for a living since my wife could cover all costs, thus the RoR for the family is much smaller
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Old 03-07-2016, 09:59 AM   #13907
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re: Winrates, bankrolls, and finances

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Why not?

Money is still money.
Marginal utility I suppose but I largely agree
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Old 03-07-2016, 10:37 AM   #13908
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Originally Posted by johnny_on_the_spot View Post
Define "great"

And in reality if my wife made what I make, which I would classify as very good, I would be more inclined to play for a living since my wife could cover all costs, thus the RoR for the family is much smaller
If I could ever get my wife to go for it and the time factor worked
In my favor is probably be happy doing part time poker while working part time real world. There'd be little pressure to produce on the felt and t wouldn't get to
Be a burn out situation quite so easily. Maybe someday down the road for me. I kinda think that if I can spend the next few years just destroying games in my limited time l could potentially make a case for this. It would require run good and absolute demolition of $2/5 though and as of yet I am statistically untested. It's a pipe dream to shoot for though.
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Old 03-07-2016, 10:45 AM   #13909
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re: Winrates, bankrolls, and finances

Doing a 50-50 package for sure isnt such a dumb thing. I didt that for almost two years myself, worked 50 percent in a real job wich basically covered up my important expences every month like rent, phone and wifi at home- and then i played poker as a part time income.

Took away alot of the pressure when i knew that important expences like rent for my apartment was taken care of regardless of my pokerresults.
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Old 03-07-2016, 11:11 AM   #13910
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For me loss of benefits would be the main issue. I get double matching on my 401k which is absurd.
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Old 03-07-2016, 12:05 PM   #13911
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For me loss of benefits would be the main issue. I get double matching on my 401k which is absurd.
What do you do? Is there a cap? Regardless, it's still absurd.

I was happy when I got matching up to 3% and half matching from 3-6% (so 4.5% max from employer), now I feel like a chump
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Old 03-07-2016, 12:15 PM   #13912
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200% match for 4.5% income. It's not profession specific. My institution takes care of its people. Pretty wild. It's basically 1:1 match up to 9%. Nobody does that.
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Old 03-07-2016, 01:15 PM   #13913
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re: Winrates, bankrolls, and finances

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Originally Posted by spikeraw22 View Post
If I could ever get my wife to go for it and the time factor worked
In my favor is probably be happy doing part time poker while working part time real world. There'd be little pressure to produce on the felt and t wouldn't get to
Be a burn out situation quite so easily. Maybe someday down the road for me. I kinda think that if I can spend the next few years just destroying games in my limited time l could potentially make a case for this. It would require run good and absolute demolition of $2/5 though and as of yet I am statistically untested. It's a pipe dream to shoot for though.
As someone who's currently doing this...OMG, greatest ever.
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Old 03-07-2016, 01:41 PM   #13914
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Late to the party re: spike / wife, but my two cents...

With regards to explaining poker to the wife, don't bother with math or variance or how it is similar to stocks or expected income or any of that stuff. It's simply a hobby, like golf or whatever, and you enjoy doing it just like she enjoys shopping or getting her hair done or lunching with friends or whatever it is women do. Settle on what a reasonable amount of time you should spend on this hobby (like all other hobbies you do) that's fair for both of you and her (once a week or whatever, perhaps with a nightly curfew like I have). Obviously schedule poker behind all other family activities (since poker is flexible that way), preferably at times where she is busy doing her own thing. And of course make sure you schedule time for just you and her.

My wife and I had this poker discussion before getting married. She was actually quite worried about this "red flag" activity of mine. Going on 6 years later, all she really cares about my poker sessions is whether I enjoyed myself. Obviously it helps that I haven't lost any money (and have actually made some), and we're well off anyways, but none of that would matter (winning or losing) if she felt neglected or that I was spending too much of my time doing something (anything) else (especially if put in front of family priorities).

Gonceaweek,homeby10:00pmG
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Old 03-07-2016, 02:00 PM   #13915
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Gilmour View Post
Doing a 50-50 package for sure isnt such a dumb thing. I didt that for almost two years myself, worked 50 percent in a real job wich basically covered up my important expences every month like rent, phone and wifi at home- and then i played poker as a part time income.

Took away alot of the pressure when i knew that important expences like rent for my apartment was taken care of regardless of my pokerresults.
Same I am doing right now.. Over one year doing it.. currently my hourly winning at poker are bigger than my net hourly pay at work. I would consider turning into full time pp if and only if my hourly winning reaches the gross hourly pay over an huge sample.. does it make sense to you? Same strategy?
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Old 03-07-2016, 02:08 PM   #13916
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Same. I'd have to be able to show significant financial gain on top of "it'll make me happy." I likely wouldn't be able to accomplish that without beating up on 5/T which probably isn't possible since it's the biggest regularly running game around. That's so far into the future though right now I just need to worry about building the roll.

Beating 10NL for 9.5bb/100 is a nice sign though. Woo.
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Old 03-07-2016, 02:27 PM   #13917
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Spike: As a player in the same local pool, I suggest that you stick to the well known 20BI at the current stakes to start playing live again

I'd relate poker to another hobby / pursuit when discussing it with her. I play hockey. It's $100-300/season, plus occasional equipment costs (up to $300+ for new skates), gas, beer, etc. For an hour game you're out of the house at least 3 hours between driving and dressing and whatnot. More if you hang out with the your team and drink after.

If you played another sport you'd probably spend a little less, but I'd expect similar time commitments. Either way, the money spend on those activities is 100% gone, while the money you pull out to play poker is probably not.
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Old 03-07-2016, 02:34 PM   #13918
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Originally Posted by Angrist View Post
I play hockey. It's $100-300/season
Cripes, what does that work out to per game? I spend easily $100 on hockey fees / etc. per month.

Gyourungoodathockeyexpenses,imoG
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Old 03-07-2016, 02:40 PM   #13919
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It's usually about $15/game I think. There's enough competition between the rinks here that the costs aren't too crazy.

I play 3 different leagues on 4 nights so it's really hard to keep track. I peel cash off my poker roll for basically all of those expenses too.
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Old 03-07-2016, 02:40 PM   #13920
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re: Winrates, bankrolls, and finances

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Originally Posted by gobbledygeek View Post
Cripes, what does that work out to per game? I spend easily $100 on hockey fees / etc. per month.

Gyourungoodathockeyexpenses,imoG
Lol daytwa, hockey rinks everywhere, not like Canada where it's all curling
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Old 03-07-2016, 02:44 PM   #13921
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Originally Posted by Angrist View Post
It's usually about $15/game I think.
That's pretty decent, I'm probably closer to $25/game. Although it's working out a lot more than $300 / year for you unless your season is only a month long.

Gsucksplayingoncurlingrinks,toomanydelayofgamepena ltiesforshootingthepuckovertheboardsG
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Old 03-07-2016, 02:48 PM   #13922
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That's pretty decent, I'm probably closer to $25/game. Although it's working out a lot more than $300 / year for you unless your season is only a month long.

Gsucksplayingoncurlingrinks,toomanydelayofgamepena ltiesforshootingthepuckovertheboardsG

Didn't know they had wheel chair hockey.
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Old 03-07-2016, 02:50 PM   #13923
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Originally Posted by gobbledygeek View Post
That's pretty decent, I'm probably closer to $25/game. Although it's working out a lot more than $300 / year for you unless your season is only a month long.

Gsucksplayingoncurlingrinks,toomanydelayofgamepena ltiesforshootingthepuckovertheboardsG
One league runs three 4-month seasons in a year with 2 games/wk, the other two run two 4-month seasons with 1 game/wk, and then two shorter 2-month seasons over the summer. I probably spend a good $2k/yr in league fees now.
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Old 03-07-2016, 02:53 PM   #13924
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One league runs three 4-month seasons in a year with 2 games/wk, the other two run two 4-month seasons with 1 game/wk, and then two shorter 2-month seasons over the summer. I probably spend a good $2k/yr in league fees now.
That's like 1000bb.
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Old 03-07-2016, 02:53 PM   #13925
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Didn't know they had wheel chair hockey.
Yup: https://en.wikipedia.org/wiki/Sledge_hockey
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