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Old 07-07-2016, 02:12 PM   #15676
BirdsallSa
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re: Winrates, bankrolls, and finances

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Doubt it is the same player. A good friend of mine has been largely considered by the masses (as if their opinion actually matters) to be the best player in that room for years and is known for building the largest stacks. $27k sounds lol though....probably a slight stretch.
I didn't believe the 27k story, although there was word that everyone in the game was going north so whatever. It's a big rumor though. Does he wear sunglasses?
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Old 07-07-2016, 02:25 PM   #15677
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That player won $22k, not $27k. That is a different player than the player we were talking about (who has a couple PGC threads here).
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Old 07-11-2016, 10:15 AM   #15678
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re: Winrates, bankrolls, and finances

With the main event coming up I thought it might be appropriate to ask. How big would your bankroll need to be to play in the WSOP main event? If you play NL professionaly, certainly you would have atleast a slight edge over the field? No? If you attempted 10 times in a row over the course of a decade, couldn't you expect to make more than your 100k investment just by binking a big score 1 time out of 10?
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Old 07-11-2016, 10:26 AM   #15679
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re: Winrates, bankrolls, and finances

MTT rule of thumb is 100 buyins, so 1 Million for standard bankroll management.
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Old 07-11-2016, 11:16 AM   #15680
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re: Winrates, bankrolls, and finances

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MTT rule of thumb is 100 buyins, so 1 Million for standard bankroll management.
If you are a cash game player and want to take a shot and only play 1 tournament a year, the main event, you dont need a million dollars.
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Old 07-11-2016, 12:08 PM   #15681
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100 BI is an antiquated benchmark. Depends on your ROI and tournament structure. Probably closer to 50 BI or half mil.
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Old 07-11-2016, 12:36 PM   #15682
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re: Winrates, bankrolls, and finances

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If you are a cash game player and want to take a shot and only play 1 tournament a year, the main event, you dont need a million dollars.
The question was about bankroll management, not shot taking.

For shot taking, if your bankroll minus $10,000 is still sufficient for your desired game, then you have enough to shot take, but I'd hope that would be obvious.

10 $1,000 shots would make a lot more sense for some semblance of BRM. But then we gotta start thinking about opportunity cost depending on the size of our cash game edge.
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Old 07-11-2016, 12:43 PM   #15683
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re: Winrates, bankrolls, and finances

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100 BI is an antiquated benchmark. Depends on your ROI and tournament structure. Probably closer to 50 BI or half mil.
If the player doesn't have a lot of online MTT experience, their estimate of their true live ROI could be lol. But yeah, that makes sense that for big edges 50 BI would have a pretty low risk of ruin.
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Old 07-11-2016, 12:49 PM   #15684
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re: Winrates, bankrolls, and finances

I'm really not understanding the question or the responses. If you are attempting to grind a tournament that runs once a year for a positive roi then you're looking at it wrong. You play the ME hoping to get a big score and retire early. 50 10k bi, or 100 bi is pretty arbitrary when the next time you can play it is a year later.

To answer the original question: you need a bankroll large enough to leave you with a big enough bankroll to grind normally afterwards.
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Old 07-11-2016, 01:13 PM   #15685
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re: Winrates, bankrolls, and finances

Yea. I view playing in the Main like a trip to Mecca. It's something every devout poker player tries to do at least once in their life. Partly for the experience, partly for the chance at a big score. It's not something that you "grind" repeatedly.
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Old 07-11-2016, 02:24 PM   #15686
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"Chance at a big score" in the main is more like a lottery ticket these days. A 10k lottery ticket. That said I'd like to play it once.
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Old 07-11-2016, 02:26 PM   #15687
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Would a 38k roll be adequate to play in a 5/T game with 500-2500 buy in? I'd be buying in for 1500, and I'd generally be the effective stack as the game plays fairly big and very deep. This is my only income, but I don't have any past or current issues with gambling, and I have decent tilt control, and a 3k stop loss as an extra precaution.

I'm young and don't have anyone for whom I'm financially responsible, so I'm pretty sure my roll is at least adequate, just wanted some feedback.

Note: The two biggest spots in the game buy in for max and always top off, but many hands are frequently straddled, and most players run it once. Would buying in for more be too risky, even if it's more profitable? 400 BB pots are pretty frequent in this game, so stack depth is an important variable in this case.

Last edited by Illmatikk; 07-11-2016 at 02:43 PM.
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Old 07-11-2016, 02:39 PM   #15688
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re: Winrates, bankrolls, and finances

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Would a 38k roll be adequate to play in a 5/T game with 500-2500 buy in? I'd be buying in for 1500, and I'd generally be the effective stack as the game plays fairly big and very deep. This is my only income, but I don't have any past or current issues with gambling, and I have decent tilt control, and a 3k stop loss as an extra precaution.

I'm young and don't have anyone for whom I'm financially responsible, so I'm pretty sure my roll is at least adequate, just wanted some feedback.

Note: The two biggest spots in the game buy in for max and always top off, but many hands are frequently straddled, and most players run it once. Would buying in for more be too risky, even if it's more profitable? 400 BB pots are pretty frequent in this game, so stack depth is a pretty important variable in this case.



I would recommend you grind 2-5 until you have 50k, then start shottaking the 5-10 with $1000 buyin. Buy $1200 when you have 60k, buy in $2000 when you have 100k etc.

I generally follow a 50buyin bankroll strat
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Old 07-11-2016, 02:52 PM   #15689
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50BI is standard but there isn't a game between 2/5 and 5/10 so I'd go for it and move down of you fall back to 25k
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Old 07-11-2016, 07:26 PM   #15690
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I'd go for it as well but would recommend you only buyin for $1000.
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Old 07-11-2016, 08:22 PM   #15691
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re: Winrates, bankrolls, and finances

Lol at "I only play one MTT a year, and it's the WSOP ME".

smh.
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Old 07-11-2016, 08:30 PM   #15692
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I bet that isn't all that uncommon.
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Old 07-12-2016, 10:44 AM   #15693
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re: Winrates, bankrolls, and finances

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Lol at "I only play one MTT a year, and it's the WSOP ME".

smh.
Couldn't that technically be considered a leak?
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Old 07-12-2016, 10:51 AM   #15694
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re: Winrates, bankrolls, and finances

Don't think anyone actually said that anyways.
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Old 07-12-2016, 11:31 AM   #15695
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re: Winrates, bankrolls, and finances

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Lol at "I only play one MTT a year, and it's the WSOP ME".

smh.
It was a hypothetical question; I guess there aren't that many pros who have bankrolls in the 500k plus range. Anyone who does probably doesn't want to play poker anymore lol. There's gotta be some guys in the 200k range on here? That should be close enough to atleast consider taking a shot right?

Maybe someone like Squidface who made a large amount of money from his blackjack days has a bankroll that big. I would be curious to know if he considers playing in the ME, and if not, why?

People say it's a "lottery ticket" to win but I don't think your odds are really all that bad. Its not like you have to win the entire thing to make serious $$, and its a field of around 6,000 people, not hundreds of thousands or even tens of thousands.
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Old 07-12-2016, 11:35 AM   #15696
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re: Winrates, bankrolls, and finances

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Lol at "I only play one MTT a year, and it's the WSOP ME".

smh.
little confused as to why this is so lol particularly for a pro grinder
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Old 07-12-2016, 12:17 PM   #15697
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re: Winrates, bankrolls, and finances

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little confused as to why this is so lol particularly for a pro grinder
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Old 07-12-2016, 12:58 PM   #15698
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re: Winrates, bankrolls, and finances

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It was a hypothetical question; I guess there aren't that many pros who have bankrolls in the 500k plus range. Anyone who does probably doesn't want to play poker anymore lol.
You've got that right.

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There's gotta be some guys in the 200k range on here? That should be close enough to atleast consider taking a shot right?
I'm pretty sure you don't need $200k bankroll to take a shot at the main event. Really, this shouldn't be a bankroll decision.

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People say it's a "lottery ticket" to win but I don't think your odds are really all that bad. Its not like you have to win the entire thing to make serious $$, and its a field of around 6,000 people, not hundreds of thousands or even tens of thousands.
Actually it does appear that winning 1st is like winning the lottery. If you bought $10,000 in mega millions tickets your odds of winning would be 1 in 25,889. Sure, this is 4 times more daunting than 1 out of 6500 main event players but the payday is generally way higher than 4 times what the main event champ gets.

But yeah, the Main Event pays out to a lot more people, so it's easier to get a good payday without winning. In Mega Millions the only other big payday is matching 5 out of 5 numbers without the mega ball for $1million. Your odds of hitting that would only be 1 out of 1849 (if you invested $10k).

Are people saying the main event is a bad investment these days? Sure seems like a ton of pros in the field. I was thinking about playing this every year but maybe I'd be better off playing a WPT or WSOP circuit every year instead...or maybe poker is dead.
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Old 07-14-2016, 01:57 AM   #15699
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re: Winrates, bankrolls, and finances

Just dug myself out of a 650 hour break even stretch from peak-to-peak from mid-March until now. Haven't retabulated all of the numbers but lifetime 1/2 WR fell from $36/hr to $29/hr (over 770 hours) and lifetime 2/5 WR fell from $70/hr to $24/hr (over 550 hours). Pretty disgusting/miserable stretch of variance to deal with. BR is approaching 30k and my game mix will likely be 60% 1/2 and 1/3 and 40% 2/5 until I get it over 50k. Way more respect for BRM going forward (as a full-time player).
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Old 07-14-2016, 04:21 AM   #15700
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re: Winrates, bankrolls, and finances

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Just dug myself out of a 650 hour break even stretch from peak-to-peak from mid-March until now. Haven't retabulated all of the numbers but lifetime 1/2 WR fell from $36/hr to $29/hr (over 770 hours) and lifetime 2/5 WR fell from $70/hr to $24/hr (over 550 hours). Pretty disgusting/miserable stretch of variance to deal with. BR is approaching 30k and my game mix will likely be 60% 1/2 and 1/3 and 40% 2/5 until I get it over 50k. Way more respect for BRM going forward (as a full-time player).
How many hours per week were u playing?
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