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Old 05-25-2016, 10:32 AM   #14876
VolumeKing
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re: Winrates, bankrolls, and finances

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Originally Posted by YGOchamp View Post
Jesus, I just read that thread. @VolumeKing

I'm a life nit, so I for the life of me cannot understand how you spend every cent you make.

I have worse back problems then you most likely, and I almost never get a massage despite desperately wanting one because I know it won't fix the problem. Only stretching and exercise can. You're spending thousands to feel good. And tbh you're not even putting in that much volume lol
What're some ways to be a life nit? I have been taking some time off to rebuild my bankroll from so much spending and failed staking. I figure 6X my monthly nut for life fund and $20k for 2/5 $500 cap
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Old 05-25-2016, 10:49 AM   #14877
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re: Winrates, bankrolls, and finances

volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
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Old 05-25-2016, 10:58 AM   #14878
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by squid face View Post
volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Preach you big sexy bastard
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Old 05-25-2016, 11:24 AM   #14879
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re: Winrates, bankrolls, and finances

Yeah but hes young which is a key word. Time is on his side as opposed to the middle aged elderly degens
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Old 05-25-2016, 11:33 AM   #14880
VolumeKing
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by squid face View Post
volume king:

Here is the deal. Vegas (i believe that is where u currently are) is designed to separate people from their $$$. You my man have fallen into that trap

when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger

no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Well I'm pretty aware of my life leaks and how they affect my roll. And you're right about vegas! That is why I am hiding out tryin to figure out what to do next. Vegas itself is a vice and just like you said it tries to seperate me from my money. expensive eating traditions and expensive girls have been my downfall. You missed staking though, that's what kills me about Vegas, down $15k staking people or helping friends. Heh there's no friends in a casino that's for sure
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Old 05-25-2016, 11:43 AM   #14881
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re: Winrates, bankrolls, and finances

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Originally Posted by hellofaplaya44 View Post
Yeah but hes young which is a key word. Time is on his side as opposed to the middle aged elderly degens


Middle aged elderly? Is that a thing now?

And no, being young isn't good in this situation. Actually quite the opposite. Being older gives one the benefit of perspective, life lessons, and the possibility of actually having people depend on you.

Being young, usually you're free to do what you want, when you want, with zero regard for how it will affect you 5-10 years down the road, because 5-10 years ago you were in grade school trying to figure out how a training bra unstrapped.
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Old 05-25-2016, 11:49 AM   #14882
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by squid face View Post
when you are playing poker you are WORKING.
if u had an office job would your boss be ok with you getting rubbed? NO FUKKEN WAY...especially at 2 $ per minute

not going to explain everything here but the following are unacceptable
stripperz
expensive meals
pit games
sports betting
drugs
clubbing
playing bigger
I did not expect you, as someone that worked on Wall Street, to separate those things out from work. smh...
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Old 05-25-2016, 12:01 PM   #14883
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re: Winrates, bankrolls, and finances

RP - on the company's dime I am in...on my own no chance

VK - I have made a lot of money staking...but I have turned down and not staked way way more than I have chosen to back. Most think staking is an ez game...just sit back and print $. Nope - there is a reason why people need a stake and a massive percentage of the time they should not be backed.
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Old 05-25-2016, 02:27 PM   #14884
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re: Winrates, bankrolls, and finances

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Originally Posted by VolumeKing View Post
What're some ways to be a life nit? I have been taking some time off to rebuild my bankroll from so much spending and failed staking. I figure 6X my monthly nut for life fund and $20k for 2/5 $500 cap
From your PG&C thread:

Quote:
Originally Posted by VolumeKing View Post
I did some budgeting and here is what I came up with

$700 Rent and Electricity
$500 groceries
$300 Car Insurance
$200 cell phone
$200 gas
$75 internet

This is the bare minimum for me to live well. It comes out to $2k a month. This is before any expensive habits like going out, strippers, drinking, food, shopping or taking trips. It is likely that these cash habits are what is killing me. Its like the money I win just slides between my fingers back into the sewers and underworld of sin city.
These numbers boggle my mind a bit. $500 a month on groceries doesn't include going out to eat/drink or eating at the casino, right? I think you could cut back a ton on food. I don't know how poker comps in Vegas work, but get a comp when you can and otherwise eat out rarely or eat at home. I don't understand how you can spend $500 on groceries if you're living alone. Are you having a juicy rib eye every morning for breakfast?

How do you spend that much on gas? You live in Vegas, right? Are you travelling to other places a lot?

$2k for leisurely stuff is excessive. You are in the bankroll building stage and you just can't afford this stuff. If your win-rate is $30/h and you play 180 hours in a month then you are only making $5400/month, but you are spending $4000/month for an adjusted win-rate of ~$8/h. With such little growth the impact on RoR is very significant. If you are playing 2|5 with a $500/h SD then with the $44,000 bankroll you suggested your RoR is going to be about 5%, which would not be acceptable to me. If you cut expenses down to $2000/month, though, your RoR with the same bankroll and SD becomes about .1%.
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Old 05-25-2016, 02:34 PM   #14885
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*** Official Winrates, bankrolls, and finances ***

That entire list is basically a wtf are you doing

700/month for Rent/electric, ok seems reasonable

500/month for a single person to eat is absurd. I have a family of 4 (granted small children) and we probably spend 500/month

300/ month for car insurance?!? 3600/year?!? I live in NJ which has notoriously high insurance rates, I pay less than 2k for 2 cars. You literally shouldn't be paying over 1000/year and that's not because I'm just dividing by 2, that's because there are plenty of companies to shop around with

200/month cell phone?!? Lol. ****ing millenials. Jfc dude, do you just see the most expensive **** and try to get on hook for it? Wife and I both have newest iPhones, we don't pay anything near 200/month

200/month gas, yet you uber everywhere??? Buy a ****ing bike, you live in the desert, it never rains. The rate for gas in LV is currently like 2.20 gallon. Let's say 2.30/gallon and you have a car that gets lol15mpg. You could buy 86 gallons of gas and drive 1300 miles. That's 40+ miles a day. And that's a normal commute, but if you want to life nit it up, look for ways to lower this cost

75/month for Internet is fine

Last edited by johnny_on_the_spot; 05-25-2016 at 02:45 PM.
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Old 05-25-2016, 02:35 PM   #14886
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I pay $700 per month for groceries for 3 people and we eat well and live in a high cost of living area
I pay $275 for car insurance for 3 people (one of whom is 17. It was less than 1/2 of that before he started driving)
I pay $211 for cell phone for 3 people (iphones and unlimited data)
I pay $45 for internet
$2000/month for "leisurely stuff"????? Are you serious? You going skydiving twice a week or what?


Your bills are way to high.
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Old 05-25-2016, 02:35 PM   #14887
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by browni3141 View Post
From your PG&C thread:



These numbers boggle my mind a bit. $500 a month on groceries doesn't include going out to eat/drink or eating at the casino, right? I think you could cut back a ton on food. I don't know how poker comps in Vegas work, but get a comp when you can and otherwise eat out rarely or eat at home. I don't understand how you can spend $500 on groceries if you're living alone. Are you having a juicy rib eye every morning for breakfast?

How do you spend that much on gas? You live in Vegas, right? Are you travelling to other places a lot?

$2k for leisurely stuff is excessive. You are in the bankroll building stage and you just can't afford this stuff. If your win-rate is $30/h and you play 180 hours in a month then you are only making $5400/month, but you are spending $4000/month for an adjusted win-rate of ~$8/h. With such little growth the impact on RoR is very significant. If you are playing 2|5 with a $500/h SD then with the $44,000 bankroll you suggested your RoR is going to be about 5%, which would not be acceptable to me. If you cut expenses down to $2000/month, though, your RoR with the same bankroll and SD becomes about .1%.
+1

In all seriousness, I could sit VK down for BigSkip's Ballin' on a Budget class and within two years he would have a significant difference in his life roll.

My monthly expenses come in around $2200 but that includes a house payment with extra equity added to it.
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Old 05-25-2016, 02:47 PM   #14888
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My monthly expenses come in around $2200 but that includes a house payment with extra equity added to it.


What is your mortgage, $700?!?
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Old 05-25-2016, 02:52 PM   #14889
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What is your mortgage, $700?!?
$828 with the extra.
Bought low, paid it down, and then refi'd low again.
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Old 05-25-2016, 02:53 PM   #14890
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I pay $45 for internet


I can't really harp on his internet bill. Internet is one of those things that a lot of times it is what it is. People are lucky if they have more than 1 provider to chose from and the Internet companies know it so they charge what they want. If VK is lucky enough to have more than 1 company to choose from, obv pit them against each other or switch. I have Verizon and Comcast and we switch yearly (though to technically be a "new customer" to get the deals is apparently only 4 months of not being a customer), but not everyone is that lucky
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Old 05-25-2016, 03:14 PM   #14891
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Yeah, that budgeting is pretty absurd.

$700 for rent seems normal, but probably could cut that down by sharing a 2 bedroom place with a roommate.

$500 in groceries for a single person in a month is absurd, especially when you saw that you're eating out often. This shouldn't be any more than $200 per month or so, and even that is fairly high. Are you eating steak and lobster every night?

$300 per month for car insurance is nuts as well, I pay $100 / mo in CA as a late-20s male and think that my insurance is pretty high. Unless you have a seriously terrible driving record, or are driving a Ferrari, this should be able to be cut way down.

$200 for cell service is ridiculous as well, you can easily pay half that (or less) and still get a ton of minutes / data per month with a nice phone.

$200 for gas is pretty excessive as well, gas is like $2 / gallon in Vegas so that's ~100 gallons per month. Unless you're frequently going on long road trips, there's no way you should be using that much gas. Maybe you are driving Ferrari after all?

$75 per month for internet seems high as well, I'm paying $35 / mo for high speed internet in LA, so I can't imagine that you can't get a better deal in Vegas. If this includes some sort of cable TV service as well, then OK. This is dependent on the options in your area though, as I was able to choose from several different ISPs.

If you want to be a life nit, you can easily cut $800-$900 off the above just by cutting down on your excesses and shopping around a bit.
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Old 05-25-2016, 03:26 PM   #14892
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re: Winrates, bankrolls, and finances

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This is not tax fraud, it could be unemployment fraud if you had made a living previously gambling. Otherwise(at least in my state) , poker is considered gambling and has nothing to do with your unemployment benefits or job searching. This is what I was told last time I was on unemployment a few years back.

the govt takes money from you every year to fund things like mortgage deductions, $800 billion bailouts, and corporate welfare. Do you really think a few thousand degens cost you more than Apple hiding it's cash overseas?
If it's your main source of income then it is both assuming you aren't claining it on your taxes which for someone who needs the distinction made I'll assume is a foregone conclusion.
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Old 05-25-2016, 03:49 PM   #14893
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99% is high but it's a high number. Not as high in poker as in other forms of gambling but a very high number. The median net worth of a player in a typical room is probably less than zero (and poker is a much better scene than other gambling).
I was going to say that some of us skew the average up quite a bit but then I realized you said median


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Originally Posted by squid face View Post
no offense but you are a classic example of a young pro trying to make it and going busto in vegas. Zero awareness of your life leaks and how they negatively impact your roll
Sadly, he's not really all that young.

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200/month cell phone?!? Lol. ****ing millenials. Jfc dude, do you just see the most expensive **** and try to get on hook for it? Wife and I both have newest iPhones, we don't pay anything near 200/month
I believe he is paying for a family plan or something. Taking care of others cell phone bill.

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Originally Posted by MikeStarr View Post
I pay $700 per month for groceries for 3 people and we eat well and live in a high cost of living area
I need to start this budgeting stuff too. I eat out every meal and $700 is about what I spend (I only eat 2 meals a day). My dogs only eat about $200 of food each month so not too bad.

Quote:
Originally Posted by BigSkip View Post
+1

In all seriousness, I could sit VK down for BigSkip's Ballin' on a Budget class and within two years he would have a significant difference in his life roll.

My monthly expenses come in around $2200 but that includes a house payment with extra equity added to it.
Until you start renting out rooms in your house for $700+/each you'll never be on my level.
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Old 05-25-2016, 03:56 PM   #14894
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Until you start renting out rooms in your house for $700+/each you'll never be on my level.
And for that I thank Jeebus every night.
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Old 05-25-2016, 04:03 PM   #14895
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Can I post my bills to be analyzed next?
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Old 05-25-2016, 04:12 PM   #14896
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re: Winrates, bankrolls, and finances

me first, heres what i got over the last 5 weeks

Alcohol: $160.00
Amazon: $138.20
Car Insurance: $285.51
Dates w/ Jen: $705.50
Food: $223.00
Furniture: $65.00
Gambling: (-$746.00)
Gas: $127.50
Gifts: $208.50
Grocery: $387.00
Headphones: $54.00
Laundry: $7.00
Netflix/Hulu/XM: $48.00
Poker Coaching: $318.98
Rent: $1,593.00
Shoes: $21.00
Shopping: $308.00
Snoopy Stuff: $147.00
Student Debt: $100.00
Table Expenses: $114.00
Travel: $383.00
Weed: $250.00

totals just under $5k
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Old 05-25-2016, 04:14 PM   #14897
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not really lookin for advice, just criticism please. and keep it coming
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Old 05-25-2016, 04:15 PM   #14898
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Originally Posted by Duke0424 View Post
me first, heres what i got over the last 5 weeks

Alcohol: $160.00
Amazon: $138.20
Car Insurance: $285.51
Dates w/ Jen: $705.50
Food: $223.00
Furniture: $65.00
Gambling: (-$746.00)
Gas: $127.50
Gifts: $208.50
Grocery: $387.00
Headphones: $54.00
Laundry: $7.00
Netflix/Hulu/XM: $48.00
Poker Coaching: $318.98
Rent: $1,593.00
Shoes: $21.00
Shopping: $308.00
Snoopy Stuff: $147.00
Student Debt: $100.00
Table Expenses: $114.00
Travel: $383.00
Weed: $250.00

totals just under $5k
Snoopy stuff???
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Old 05-25-2016, 04:16 PM   #14899
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dog food, dog sitting, leashes, collars, doggie clothes, toys, doggie shoes, hmmm i think that covers all the snoopy stuff
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Old 05-25-2016, 04:17 PM   #14900
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re: Winrates, bankrolls, and finances

7 bux on laundry? over a 5 week period!!!!
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