Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > >

Live No-Limit Hold’em Cash Discussion of no-limit hold’em live cash games of all stakes.

Reply
 
Thread Tools Display Modes
Old 03-14-2016, 03:42 PM   #14101
Angrist
Pooh-Bah
 
Join Date: Sep 2011
Posts: 3,887
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by PotThief5 View Post
Hi folks =]

I'm a 1/2-2/5 NL and low limit tourney semi reg. I played here and there last year, but I decided to make more of a commitment to poker outside of my normal job in 2016, and I've been quite successful. The "problem" is now I'm sitting on this huge pile of cash in my apartment. What do you guys do with your winnings? How often do you "cash out your bankroll" into your bank account? The casino charges $3-4 for withdrawals at their ATM, and it's such a hassle to go to the bank every other time I want to play poker. How much of your poker roll do you keep in cash on you, and how much do you transfer into your accounts? I know some of you probably play in different limits than me, so you can answer in percentage of your total roll or in # of buy ins or whatever.

Also, I'm positive that there's a thread on this somewhere, but I changed my address a few times in the past few years, and I'm worried that the casino may have sent me a 1099 that I never received. How worried do I need to be about taxes? Poker is something I do 8-15 hours a week as I'm a teacher, and grading is literally the biggest time-suck in the world.
I keep about 10-15 BI in cash at "home". I often have a good chunk on it in my pocket as I don't know which days I'm going to get out of work a little early and have time to play. Otherwise it's distributed between a hollowed out copy of supersystem, a picture frame, and a VHS copy of Caro's Tells.

Mostly I take money out to pay for stuff. I transfer any bills beyond an even hundred to my walking around roll (as in, cash out for $425, $400 into the poker roll, $25 into the life roll) that I use to buy food and other stuff day-to-day.

Tend to take money out to pay for other larger expenses too. $1000 for a headgasket job? My mechanic takes cash. $200 for new skates? Cash.

Very rarely deposit cash. Usually one big chunk and that's it for months. I'd hate to have to go back and forth to the bank or ATM every time I played.


Quote:
Originally Posted by ibelieveyouoweme$80k View Post
Meh. That's nothing.

I'm at $2,431 over my last 13.5 hours (Saturday and Sunday night).

I'm currently projecting to $300,000 over the next 52 weeks.

Sustainable?
+$600 last session at the table, blew it at the strip club on the way home. Net $0 day isn't too bad ... right?
Angrist is offline   Reply With Quote
Old 03-14-2016, 03:52 PM   #14102
spikeraw22
The Situation
 
spikeraw22's Avatar
 
Join Date: Aug 2010
Location: SB is the new BTN
Posts: 8,736
re: Winrates, bankrolls, and finances

At least it's low variance.
spikeraw22 is offline   Reply With Quote
Old 03-14-2016, 03:58 PM   #14103
Angrist
Pooh-Bah
 
Join Date: Sep 2011
Posts: 3,887
re: Winrates, bankrolls, and finances

Every once in a while it just has to be done.

How much are you paying for a safe deposit box in our town? Should really get one for birth certificate type documents rather than leaving them in a drawer.
Angrist is offline   Reply With Quote
Old 03-14-2016, 04:03 PM   #14104
Mr Sandbag
journeyman
 
Join Date: Aug 2011
Posts: 251
re: Winrates, bankrolls, and finances

Where the f*** do you guys play? I don't even think those results are achievable in the short term in my local min-buyin-obsessed room.
Mr Sandbag is offline   Reply With Quote
Old 03-14-2016, 04:08 PM   #14105
gobbledygeek
Poet Laureate of LLSNL
 
Join Date: Jul 2006
Posts: 33,453
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Mr Sandbag View Post
Where the f*** do you guys play? I don't even think those results are achievable in the short term in my local min-buyin-obsessed room.
Very good chance they aren't. Don't be too jelly of others, their results might not be achievable in your environment.

GoftensitsinagamewhereIwouldconsiderbreakevenanokr esultG
gobbledygeek is offline   Reply With Quote
Old 03-14-2016, 04:15 PM   #14106
feel wrath
The Situation
 
feel wrath's Avatar
 
Join Date: Nov 2010
Location: lost on the turn
Posts: 24,076
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by gobbledygeek View Post
Very good chance they aren't. Don't be too jelly of others, their results might not be strictly true

Gdontbeliveeverythingyoir adontheinternetG

harsh but fair
feel wrath is online now   Reply With Quote
Old 03-14-2016, 04:27 PM   #14107
spikeraw22
The Situation
 
spikeraw22's Avatar
 
Join Date: Aug 2010
Location: SB is the new BTN
Posts: 8,736
re: Winrates, bankrolls, and finances

I think it was $50/yr. I was ok with that for the opportunity to not have 15k just lying around waiting to get burned up/stolen. Plus I felt like a gangster getting into my box to hide stacks of hundos (autocorrected to Hindus).
spikeraw22 is offline   Reply With Quote
Old 03-14-2016, 04:39 PM   #14108
Angrist
Pooh-Bah
 
Join Date: Sep 2011
Posts: 3,887
re: Winrates, bankrolls, and finances

That's totally reasonable. I'll have to get around to that soon. May help me not spend winnings quite as quickly (in general, this weekend was out of the ordinary).
Angrist is offline   Reply With Quote
Old 03-14-2016, 04:55 PM   #14109
spikeraw22
The Situation
 
spikeraw22's Avatar
 
Join Date: Aug 2010
Location: SB is the new BTN
Posts: 8,736
re: Winrates, bankrolls, and finances

I'm kind of a miser. Mostly about security and being gangster for me. Also, probably the biggest advantage is that my wife can't ever ask me why we can't just use some of my poker money to buy x unnecessary thing she wants.
spikeraw22 is offline   Reply With Quote
Old 03-14-2016, 05:43 PM   #14110
Mr Sandbag
journeyman
 
Join Date: Aug 2011
Posts: 251
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by gobbledygeek View Post
Very good chance they aren't. Don't be too jelly of others, their results might not be achievable in your environment.

GoftensitsinagamewhereIwouldconsiderbreakevenanokr esultG
I am jelly. Not of the results but of their game conditions.
Mr Sandbag is offline   Reply With Quote
Old 03-14-2016, 07:56 PM   #14111
WereBeer
Carpal \'Tunnel
 
Join Date: Oct 2013
Posts: 9,702
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by spikeraw22 View Post
I think it was $50/yr. I was ok with that for the opportunity to not have 15k just lying around waiting to get burned up/stolen. Plus I felt like a gangster getting into my box to hide stacks of hundos (autocorrected to Hindus).
Thought for a moment a kindred spirit had a box with stacks of Hindus in it, but no...life is lonely sometimes
WereBeer is offline   Reply With Quote
Old 03-14-2016, 11:06 PM   #14112
ibelieveyouoweme$80k
LLSNL FF Champ '13
 
ibelieveyouoweme$80k's Avatar
 
Join Date: Aug 2010
Location: Wentzylvania baby
Posts: 12,851
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Mr Sandbag View Post
Where the f*** do you guys play? I don't even think those results are achievable in the short term in my local min-buyin-obsessed room.
If I told you I would have to kill you.

J/K. Philadelphia. Unlike others I don't try to keep my location a secret.
ibelieveyouoweme$80k is offline   Reply With Quote
Old 03-15-2016, 02:28 AM   #14113
Richard Parker
banned
 
Richard Parker's Avatar
 
Join Date: Jan 2013
Location: Right Side of Variance
Posts: 13,951
re: Winrates, bankrolls, and finances

Might be because others are actually cashing in?
Richard Parker is offline   Reply With Quote
Old 03-15-2016, 06:04 PM   #14114
bocafla
centurion
 
Join Date: Apr 2011
Location: Boca Fla
Posts: 150
re: Winrates, bankrolls, and finances

How much do you care about your standard deviation? I've been on autopilot for years and recently began to study my game again. I noticed my sd is out of wack. At the moment im over thinking it, curious what others have to say.
bocafla is offline   Reply With Quote
Old 03-15-2016, 06:34 PM   #14115
squid face
ChatThreadPrez
 
squid face's Avatar
 
Join Date: Dec 2009
Location: grabbin c-notes from the money tree
Posts: 10,308
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by bocafla View Post
How much do you care about your standard deviation? I've been on autopilot for years and recently began to study my game again. I noticed my sd is out of wack. At the moment im over thinking it, curious what others have to say.
I do not give a rats ass about my sd
squid face is offline   Reply With Quote
Old 03-15-2016, 06:40 PM   #14116
MikeStarr
Carpal \'Tunnel
 
Join Date: Jan 2016
Posts: 7,978
re: Winrates, bankrolls, and finances

The only thing I care about SD is this:

What would be a great SD/win rate ratio? (meaning you are a winner and also doing it with small swings, winning consistently, and not winning and losing huge pots making you swing all over the place)
What would be pretty good
What would be a bad ratio
MikeStarr is offline   Reply With Quote
Old 03-15-2016, 06:41 PM   #14117
browni3141
Pooh-Bah
 
Join Date: Aug 2015
Location: South Florida
Posts: 5,198
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by bocafla View Post
How much do you care about your standard deviation? I've been on autopilot for years and recently began to study my game again. I noticed my sd is out of wack. At the moment im over thinking it, curious what others have to say.
I care about it in the sense that I like to know what it is as it's useful for some analysis. Mine seems to be converging to around 95BB/h
browni3141 is offline   Reply With Quote
Old 03-16-2016, 06:42 AM   #14118
nutinsider
journeyman
 
Join Date: Dec 2012
Posts: 342
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by bocafla View Post
How much do you care about your standard deviation? I've been on autopilot for years and recently began to study my game again. I noticed my sd is out of wack. At the moment im over thinking it, curious what others have to say.
Standard deviation is great for me because it helps with my life planning and stuff. Without the stat I wouldn't be able to establish my risk of ruin, bankroll reqs, and other info that is valuable to me wrt finances.

I play almost exclusively live PLO and over a 4k+ hour sample my standard deviation is about 20x my winrate.

Sent from my SCH-I545 using 2+2 Forums
nutinsider is offline   Reply With Quote
Old 03-16-2016, 02:48 PM   #14119
Richard Parker
banned
 
Richard Parker's Avatar
 
Join Date: Jan 2013
Location: Right Side of Variance
Posts: 13,951
re: Winrates, bankrolls, and finances

Some of us like to live dangerously in life by not caring about our standard deviation.

#rebel4life
Richard Parker is offline   Reply With Quote
Old 03-16-2016, 07:40 PM   #14120
DK Barrel
Concept of the Week author
 
DK Barrel's Avatar
 
Join Date: Aug 2011
Location: no gamble, no future
Posts: 6,798
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Richard Parker View Post
Fine, it's only right that I also post brag chart.

Spoiler:
Looks like you had a pretty rough early february.
DK Barrel is offline   Reply With Quote
Old 03-16-2016, 09:07 PM   #14121
Richard Parker
banned
 
Richard Parker's Avatar
 
Join Date: Jan 2013
Location: Right Side of Variance
Posts: 13,951
re: Winrates, bankrolls, and finances

Totally ruined my SD.
Richard Parker is offline   Reply With Quote
Old 03-16-2016, 10:17 PM   #14122
squid face
ChatThreadPrez
 
squid face's Avatar
 
Join Date: Dec 2009
Location: grabbin c-notes from the money tree
Posts: 10,308
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Richard Parker View Post
Some of us like to live dangerously in life by not caring about our standard deviation.

#rebel4life
i dont live dangerously...properly rolled understand that swings can and will happen. They are annoying but inevitable. Try and play well - not make stoopid cawls...not make ******o bluffs...and most important not do unnecessary mental masturbation
squid face is offline   Reply With Quote
Old 03-17-2016, 03:24 AM   #14123
de4df1sh
Carpal \'Tunnel
 
de4df1sh's Avatar
 
Join Date: Feb 2014
Location: mobtown
Posts: 6,893
re: Winrates, bankrolls, and finances

******o bluff is my middle name
de4df1sh is offline   Reply With Quote
Old 03-17-2016, 03:56 AM   #14124
spikeraw22
The Situation
 
spikeraw22's Avatar
 
Join Date: Aug 2010
Location: SB is the new BTN
Posts: 8,736
re: Winrates, bankrolls, and finances

Quote:
Originally Posted by de4df1sh View Post
******o bluff is my middle name
Sounds Hispanic.
spikeraw22 is offline   Reply With Quote
Old 03-17-2016, 02:14 PM   #14125
Davinho
enthusiast
 
Join Date: Jun 2013
Location: Canada
Posts: 58
re: Winrates, bankrolls, and finances

I share my results at 1-2 stakes
Is is good? Time to install in 2-5 may be
Davinho is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Forum Jump


All times are GMT -4. The time now is 04:06 AM.


Powered by vBulletin®
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Copyright © 2008-2020, Two Plus Two Interactive