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Old 06-05-2016, 12:33 PM   #15126
VolumeKing
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re: Winrates, bankrolls, and finances

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Once you have an emergency fund of 6 months of living expenses (20k), a proper 1/2 roll (10k), then you can start setting aside 3k or so to play 2/5. So you should have at least 33k before playing 2/5. If you follow these guidelines and make 5bbs an hr you won't go broke.
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Originally Posted by de4df1sh View Post
I think an emergency fund of 20k whilst I have spousal and rental income is probably pretty insane.

my spousal/rental income covers our monthly nut with a small surplus so I can actually net $0 for months and not take any money out of bankroll.

20k is also almost a years worth a spending for us.
So adjust to a $10k emergency fund. I've also learned that if you aren't comfortable loosing the money then it isn't actually in your bankroll. Having a larger emergency fund than bankroll doesn't make losing half your bankroll as serious. When I lose I constantly worry about my net worth and my ability to pay future bills. With an emergency fund, and a hefty checking account, I worry a bit less.
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Old 06-05-2016, 12:38 PM   #15127
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re: Winrates, bankrolls, and finances

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I'm talking about the 700 hours in total. Run good or not, the stdev/hr is low.
Oh. Missed that, saw the 275 hr sample earlier.

I suppose if the game is soft enough, and you play a nut-peddling strategy, you could get fairly consistent hourly results and a low stdev/hr.
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Old 06-05-2016, 12:40 PM   #15128
Richard Parker
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re: Winrates, bankrolls, and finances

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I have no idea either. I just play how I play...but ever HH I post I get told that I suck....so read into that whatever you like.
Interesting how your stdev is so slow when you were using overbetting as your counter examples of how there are more than one way to play poker.

You are running hotter than probably what you can fathom.

Everyone should be jelly, no different than being jelly of Powerball winners.
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Old 06-05-2016, 12:42 PM   #15129
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re: Winrates, bankrolls, and finances

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I suppose if the game is soft enough, and you play a nut-peddling strategy, you could get fairly consistent hourly results and a low stdev/hr.
You would think, but he was citing examples of how he overbets TP and win, and how those examples show that there are more than one way to play poker.
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Old 06-05-2016, 03:17 PM   #15130
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re: Winrates, bankrolls, and finances

@volumeking I 100% agree with you.

If you're being forced to constantly worry about paying future bills or even potentially going busto, you're not going to be able to play your A game, as you'll constantly pass up on +EV spots to reduce variance -- and the more you pass up on those opportunties, the less you'll be able to improve your game to constantly look for new edges to exploit, further hurting your WR

So IMO being able to withstand big swings without it effecting you psychologically is crucial.
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Old 06-05-2016, 04:02 PM   #15131
Richard Parker
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re: Winrates, bankrolls, and finances

VolumeKing is trying to troll me.

He can't tell the difference between "optimal" and "minimum" and believes both to be one of the same.

Having an optimal BR will obviously help someone to be more focused in maximizing EV spots and not worry about losing x amount of $.
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Old 06-05-2016, 07:26 PM   #15132
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Interesting how your stdev is so slow when you were using overbetting as your counter examples of how there are more than one way to play poker.

You are running hotter than probably what you can fathom.

Everyone should be jelly, no different than being jelly of Powerball winners.
No matter what I say, you guys are gonna find a reason to shoot me down, but I know Im not running hot. Im running -$6070 in Allin EV over this 700 hr sample. Thats almost another $9 /hr

Now maybe Ive hit more flushes than I should or hit TP when I 3 bet with AK more than I should? There's no way to really know that stuff for sure.

I'll report back in another 500 hours so you guys can repeat to me how lucky I am.
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Old 06-05-2016, 08:35 PM   #15133
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If you're a winner it's much better to be underestimated. Book some good action. Should be very easy especially if you're in a non-obscure local.

eta - The "i know i'm not running hot but there's no way to know if i'm running hot" is good trolling for action if the above is true fwiw.
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Old 06-05-2016, 09:03 PM   #15134
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re: Winrates, bankrolls, and finances

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Originally Posted by MikeStarr View Post
No matter what I say, you guys are gonna find a reason to shoot me down, but I know Im not running hot. Im running -$6070 in Allin EV over this 700 hr sample. Thats almost another $9 /hr

Now maybe Ive hit more flushes than I should or hit TP when I 3 bet with AK more than I should? There's no way to really know that stuff for sure.

I'll report back in another 500 hours so you guys can repeat to me how lucky I am.
I have played regularly with a guy for the last 10 years than ran hotter than the sun for the first nine plus years while actually being pretty terrible, and just now started running just good instead of sun runner good. He can't fathom while he is losing, he thought he was a crusher.

Another 500 hours still doesn't mean that much if you are an outlier in the run good department.
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Old 06-05-2016, 10:40 PM   #15135
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How are you getting most of your all-ins in live poker btw? I mean if I call somebody and they show a winner I'm mucking then often lying. So like if you have AA and get it all in on a 9 high flop then river an ace. If I had a set of nines or whatever I'm just going to say nice hand and if you ask I'm going to say you had me all the way or whatever a big % of the time.
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Old 06-05-2016, 10:51 PM   #15136
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re: Winrates, bankrolls, and finances

He just made it up.

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Old 06-06-2016, 12:14 AM   #15137
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re: Winrates, bankrolls, and finances

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Your spouse's income AND whatever rental income you have is less than $100/month? How is that possible?
hopefully you keep running like god, because it looks like you'd have trouble with things involving reading comprehension
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Old 06-06-2016, 08:43 AM   #15138
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How are you getting most of your all-ins in live poker btw? I mean if I call somebody and they show a winner I'm mucking then often lying. So like if you have AA and get it all in on a 9 high flop then river an ace. If I had a set of nines or whatever I'm just going to say nice hand and if you ask I'm going to say you had me all the way or whatever a big % of the time.
Obviously sometimes I have to use an estimate based on possible hand ranges so the number isnt going to be exact but I can get close.

Alot of people show their hand when they got all in and lose. Yesterday I had a hand just like you showed in your example. I got all in with JJ on a 982 flop against a short stack. Turn T...river Q.

He was pissed and showed because he had 22.

If I get all in with AK on a Kxx flop, I say "I have a K". They usually respond with "So do I" or "whats your kicker".

Half the time they show first.

If I get all in with JJ preflop and win. I have to use an estimate because i dont know if he had AK or TT type hand. Its not precise but its good enough for an estimate. If I lose then obviously I know what they had
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Old 06-06-2016, 08:44 AM   #15139
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hopefully you keep running like god, because it looks like you'd have trouble with things involving reading comprehension
Love your avatar video
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Old 06-06-2016, 11:07 AM   #15140
92off
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re: Winrates, bankrolls, and finances

I would like to have some tips regarding where I should "store" my bankroll. I have around 20k$ total in my bankroll and most of it is stored in my bankaccount. But I keep like 1k$ at different pokersites, and I play tournaments with a buy in from 10$-100$. I feel like I am playing better if I have more money at the pokersites but at the same time I dont want to have too much money there (blackfriday...).

I think this is mostly a psychological thing, it feels more to loose 1k at a pokersite than loose 1k from the entire bankroll.

Tips?
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Old 06-06-2016, 11:09 AM   #15141
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re: Winrates, bankrolls, and finances

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I would like to have some tips regarding where I should "store" my bankroll. I have around 20k$ total in my bankroll and most of it is stored in my bankaccount. But I keep like 1k$ at different pokersites, and I play tournaments with a buy in from 10$-100$. I feel like I am playing better if I have more money at the pokersites but at the same time I dont want to have too much money there (blackfriday...).

I think this is mostly a psychological thing, it feels more to loose 1k at a pokersite than loose 1k from the entire bankroll.

Tips?
AllyBank offers a 1% savings account with no fees. this is where the lionshare of my roll is kept
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Old 06-06-2016, 11:28 AM   #15142
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re: Winrates, bankrolls, and finances

Dime bank offers 1.05% directly transferable to your normal bank.
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Old 06-06-2016, 12:48 PM   #15143
2013
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re: Winrates, bankrolls, and finances

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Originally Posted by 92off View Post
I would like to have some tips regarding where I should "store" my bankroll. I have around 20k$ total in my bankroll and most of it is stored in my bankaccount. But I keep like 1k$ at different pokersites, and I play tournaments with a buy in from 10$-100$. I feel like I am playing better if I have more money at the pokersites but at the same time I dont want to have too much money there (blackfriday...).

I think this is mostly a psychological thing, it feels more to loose 1k at a pokersite than loose 1k from the entire bankroll.

Tips?
Safety Deposit Box. $20/year in interest doesn't seem worth the administrative headaches.
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Old 06-06-2016, 01:06 PM   #15144
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re: Winrates, bankrolls, and finances

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Safety Deposit Box. $20/year in interest doesn't seem worth the administrative headaches.
Eh. The box has its own hassle. Have to go to the bank during business hours, can't always get in on the weekend. Costs you a rental fee. Makes a free checking/savings account with some marginal interest accrual look pretty good.
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Old 06-06-2016, 01:17 PM   #15145
FiGMan
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re: Winrates, bankrolls, and finances

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AllyBank offers a 1% savings account with no fees. this is where the lionshare of my roll is kept
How so? I've looked into Ally but saw they don't accept cash deposits much like most online banks with the better intrest rates.
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Old 06-06-2016, 01:22 PM   #15146
2013
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Eh. The box has its own hassle. Have to go to the bank during business hours, can't always get in on the weekend. Costs you a rental fee. Makes a free checking/savings account with some marginal interest accrual look pretty good.
until you have to explain what al the constant $1-$2k withdraws/deposits are. I like a box for the big money and then a home fire safe for like $1-$2k. Obviously having to walk into a location is a headache. so user's preference i guess.
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Old 06-06-2016, 01:29 PM   #15147
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re: Winrates, bankrolls, and finances

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How so? I've looked into Ally but saw they don't accept cash deposits much like most online banks with the better intrest rates.
Yes this is true they do not accept cash deposits.

My recommendation. Is to transfer from your bank

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Old 06-06-2016, 01:32 PM   #15148
Angrist
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re: Winrates, bankrolls, and finances

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until you have to explain what al the constant $1-$2k withdraws/deposits are. I like a box for the big money and then a home fire safe for like $1-$2k. Obviously having to walk into a location is a headache. so user's preference i guess.
Shouldn't be a problem if you're keeping good records and paying your taxes like a responsible citizen, right?
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Old 06-06-2016, 02:42 PM   #15149
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re: Winrates, bankrolls, and finances

Ya claiming your income should fix those pesky irs questions.
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Old 06-06-2016, 06:13 PM   #15150
2013
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Nothing about my post should have been construed to indicate I am suggesting OP avoid paying his fair share of taxes. My comments were merely a suggestion as to where he should store his well documented and claimed poker earnings!!
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