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Winrates, bankrolls, and finances Winrates, bankrolls, and finances
View Poll Results: What is your Win Rate in terms of BB per Housr
Less than 0 (losing)
5 6.41%
0-2.5
0 0%
2.5-5
6 7.69%
5-7.5
8 10.26%
7.5-10
15 19.23%
10+
26 33.33%
Not enough sample size/I don't know
18 23.08%

12-26-2016 , 11:49 PM
Quote:
Originally Posted by MikeStarr
Well if you are playing uncapped games or even if not, if you are getting yourself into coin flips for 200-250BBs each, then yeah, your variance is going to be a lot higher and you will need a lot bigger sample size.

In 1400 hrs of 2/5, Ive played 1 pot that was 200BBs each.
that is so sad. Big pots are part of the joy of live poker! If you've never check/jammed $1100 into a $1000 pot, you haven't lived.
Winrates, bankrolls, and finances Quote
12-27-2016 , 12:22 AM
Quote:
Originally Posted by iraisetoomuch
In the last 500 hours I've won a $900 pot (at 1/2) a $1100 pot, and a $700 pot.
All 3 of these I was a ~coin flip to win.

So in 3 hands I've won enough money to bump up my short term win rate by over $5 per hour. Anyone claiming that 500 hour samples are meaningful are just kidding them selves.
Given this is the case in live poker, I think the question should therefore be "are you a winning player or not?", and if your winrate is $20/hr over 500 hours (without doing the math) I think it's pretty safe to say you are a winner with like 99.5% confidence.

Does anyone know how many hours puts you above 95% confidence? Would be really curious to know what it is.
Winrates, bankrolls, and finances Quote
12-27-2016 , 12:37 AM
It depends on your observed Winrates and standard deviation. I've seen one player have a 95% confidence that he's a winner after 170 hours. His 95% confidence win rate was at least 30 cents an hour, up to as much as $72 per hour. Huge bounds, but all of them positive.
Winrates, bankrolls, and finances Quote
12-27-2016 , 12:42 AM
Quote:
Originally Posted by Garick
It depends on your observed Winrates and standard deviation. I've seen one player have a 95% confidence that he's a winner after 170 hours. His 95% confidence win rate was at least 30 cents an hour, up to as much as $72 per hour. Huge bounds, but all of them positive.
This seems very specific, is there a calculator/formula for this that I can use? Thanks!
Winrates, bankrolls, and finances Quote
12-27-2016 , 01:58 AM
Quote:
Originally Posted by MikeStarr
In 1400 hrs of 2/5, Ive played 1 pot that was 200BBs each.
Really? This seems absurdly low..Is this just talking about flips or pots in general? I assume this is because you buy in short?

I've gotten in 200bb plenty of times in only 400 hours of 2/5 (but I buy in for 200bb).
Winrates, bankrolls, and finances Quote
12-27-2016 , 02:00 AM
I just want to chime in and say that making 35hr at 2/5 over any decent sample takes work. I have been ignorant to how difficult it actually is.
Winrates, bankrolls, and finances Quote
12-27-2016 , 03:54 AM
Curious why you thought it was easier in the first place.
Winrates, bankrolls, and finances Quote
12-27-2016 , 04:01 AM
overestimation of skill/ thinking it is easy to recreate High winrates because certain posters regularly do
Winrates, bankrolls, and finances Quote
12-27-2016 , 09:28 AM
Quote:
Originally Posted by VolumeKing
I just want to chime in and say that making 35hr at 2/5 over any decent sample takes work. I have been ignorant to how difficult it actually is.

What do you think you are doing wrong?

Max/Min BI is really important here. If your game is capped at 200/300 it will be very hard, 500 doable, 1k+ and you should be aiming higher.
Winrates, bankrolls, and finances Quote
12-27-2016 , 09:30 AM
Quote:
Originally Posted by MikeStarr
Well if you are playing uncapped games or even if not, if you are getting yourself into coin flips for 200-250BBs each, then yeah, your variance is going to be a lot higher and you will need a lot bigger sample size.



In 1400 hrs of 2/5, Ive played 1 pot that was 200BBs each.

Serious Q:
How in the world are you basically never playing 400bb pots?

At 600 max buy 2-5, I find myself in a 400+bb pot probably once every 4-5 hours. Generally happens one of two ways: a cooler style hand gets out of control (2 pair vs set, straight v set), or a whale-maniac gets 200bb in there in some ******ed fashion that if I posted the hand in a 2+2 thread, I'd have half the world telling me to fold 1 (usually over the board) pair, followed by people saying the hand should be in bbv.

In 200bb cap 2-5 that frequency of big hands increase slightly (increases more in the right lineup).


Sent from my iPhone using Tapatalk

Last edited by Maskk; 12-27-2016 at 09:35 AM.
Winrates, bankrolls, and finances Quote
12-27-2016 , 09:34 AM
Quote:
Originally Posted by iraisetoomuch
In the last 500 hours I've won a $900 pot (at 1/2) a $1100 pot, and a $700 pot.
All 3 of these I was a ~coin flip to win.

So in 3 hands I've won enough money to bump up my short term win rate by over $5 per hour. Anyone claiming that 500 hour samples are meaningful are just kidding them selves.

That's a $5.40/hr bump yes compared to not playing those pots or running neutral but I think it's good to realize it's actually a $10.80 swing in short term wr if you lose those pots.
Winrates, bankrolls, and finances Quote
12-27-2016 , 09:46 AM
Quote:
Originally Posted by Maskk
Serious Q:
How in the world are you basically never playing 400bb pots?

At 600 max buy 2-5, I find myself in a 400+bb pot probably once every 4-5 hours. Generally happens one of two ways: a cooler style hand gets out of control (2 pair vs set, straight v set), or a whale-maniac gets 200bb in there in some ******ed fashion that if I posted the hand in a 2+2 thread, I'd have half the world telling me to fold 1 (usually over the board) pair, followed by people saying the hand should be in bbv.

In 200bb cap 2-5 that frequency of big hands increase slightly (increases more in the right lineup).


Sent from my iPhone using Tapatalk
Ill list a few reasons

1) Max buy in is $500 (100BBs)
2) I normally buy in for $300 although most sessions Im at or over $500 at least 1/2 the session. Either by winning or by topping up if I see some fish with more chips than me.
3) Ive counted several times and the avg buy in when a new table starts is about $350.
4) I play 80% during the daytime where there are very few maniacs playing huge pots
5) I would bet that no more than 10% of the time is there two or more 200BB stacks on the table at the same time during the daytime.
6) I play a very low variance style. Not on purpose. I didnt even know it was low variance until I compared to others here.
Winrates, bankrolls, and finances Quote
12-27-2016 , 09:49 AM
Quote:
Originally Posted by VolumeKing
I just want to chime in and say that making 35hr at 2/5 over any decent sample takes work. I have been ignorant to how difficult it actually is.
I wouldnt feel bad if you're not there. No matter what you see on 2+2 with people bragging about win rates, I would estimate that only 1-2% 2/5 players in the world are making that much. Being in the top 1-2% of anything is pretty impressive.
Winrates, bankrolls, and finances Quote
12-27-2016 , 10:09 AM
Quote:
Originally Posted by MikeStarr
Ill list a few reasons



1) Max buy in is $500 (100BBs)

2) I normally buy in for $300 although most sessions Im at or over $500 at least 1/2 the session. Either by winning or by topping up if I see some fish with more chips than me.

3) Ive counted several times and the avg buy in when a new table starts is about $350.

4) I play 80% during the daytime where there are very few maniacs playing huge pots

5) I would bet that no more than 10% of the time is there two or more 200BB stacks on the table at the same time during the daytime.

6) I play a very low variance style. Not on purpose. I didnt even know it was low variance until I compared to others here.


That makes sense
I try to play at least 150effective deep if I can help it (sometimes I top up over 100bb, sue me). I prefer to play nights/weekends. And my game is usually medium-to-high variance. I also will table change towards big stacks if multiple tables are running.

But the 300 starting stack is probably the biggest reason IMHO. You need to more than triple up before playing a 400bb pot, and have a villain do the same. At a day game that's lol.

Whereas if I had my druthers, I could play one starting at jump street, or at most need one double to get there.

Crazy to think just how much game selection (wrt time and location) can drastically chains expectations.






Sent from my iPhone using Tapatalk
Winrates, bankrolls, and finances Quote
12-27-2016 , 11:25 AM
Quote:
Originally Posted by Tbirdx24
This seems very specific, is there a calculator/formula for this that I can use? Thanks!
Yes. It's been posted ITT a few times. I'm on my phone, or I'd give you a link. Search this thread for a post by Bip! With the word "formula" in it.
Winrates, bankrolls, and finances Quote
12-27-2016 , 11:36 AM
After Beginning on the Ninth, I have 153 hrs this month and five more days to grind, should be able to snag 200 or very close to it
Winrates, bankrolls, and finances Quote
12-27-2016 , 11:44 AM
Ok, I found it and it's probably worth posting again. To find the 95% confidence level on your bounds related to observed winrate:
Multiply your hourly standard deviation by 2 and then divide the result by the square root of your number of hours. For short: Hourly SDev*2 / sqrt of hours

As you can see, increased hours will tighten the heck out of these bounds, especially over the first couple hundred hours.

To use, combine with observed winrate. So if observed winrate is 7bbs/hr and your bounds are +/- 6.3bbs/hr, you can be 95% confident that you are a winning player, even though your true winrate could be as low as .7bbs/hr.
Winrates, bankrolls, and finances Quote
12-27-2016 , 11:45 AM
Quote:
Originally Posted by Garick
Yes. It's been posted ITT a few times. I'm on my phone, or I'd give you a link. Search this thread for a post by Bip! With the word "formula" in it.
Thanks! Unfortunately no posts by him ITT with "formula" that actually has the formula. I just PMed him though.
Winrates, bankrolls, and finances Quote
12-27-2016 , 01:48 PM
Or you could just look at the post above yours. ��
Winrates, bankrolls, and finances Quote
12-27-2016 , 02:49 PM
Quote:
Originally Posted by Garick
Or you could just look at the post above yours. ��
Lol we must have posted at the same time. Thank you very much.
Winrates, bankrolls, and finances Quote
12-27-2016 , 03:21 PM
Quote:
Originally Posted by Garick
Ok, I found it and it's probably worth posting again. To find the 95% confidence level on your bounds related to observed winrate:
Multiply your hourly standard deviation by 2 and then divide the result by the square root of your number of hours. For short: Hourly SDev*2 / sqrt of hours

As you can see, increased hours will tighten the heck out of these bounds, especially over the first couple hundred hours.

To use, combine with observed winrate. So if observed winrate is 7bbs/hr and your bounds are +/- 6.3bbs/hr, you can be 95% confident that you are a winning player, even though your true winrate could be as low as .7bbs/hr.


conversely, can my true winrate be as high as 13-14bb/hr?
Winrates, bankrolls, and finances Quote
12-27-2016 , 03:25 PM
Quote:
Originally Posted by Garick
Ok, I found it and it's probably worth posting again. To find the 95% confidence level on your bounds related to observed winrate:
Multiply your hourly standard deviation by 2 and then divide the result by the square root of your number of hours. For short: Hourly SDev*2 / sqrt of hours

As you can see, increased hours will tighten the heck out of these bounds, especially over the first couple hundred hours.

To use, combine with observed winrate. So if observed winrate is 7bbs/hr and your bounds are +/- 6.3bbs/hr, you can be 95% confident that you are a winning player, even though your true winrate could be as low as .7bbs/hr.


Is there a reason why we're using 2 and not 1.96 as our z value? I get that they're practically the same and that 2 is "easier" than 1.96, but we're also calcing the square root of a random number, so it's not like anyone is doing this without a calculator...
Winrates, bankrolls, and finances Quote
12-27-2016 , 04:35 PM
Quote:
Originally Posted by homerdash
conversely, can my true winrate be as high as 13-14bb/hr?
Exactly.
Quote:
Originally Posted by johnny_on_the_spot
Is there a reason why we're using 2 and not 1.96 as our z value? I get that they're practically the same and that 2 is "easier" than 1.96, but we're also calcing the square root of a random number, so it's not like anyone is doing this without a calculator...
IDK. I just stole the formula from bip! Bip!?
Winrates, bankrolls, and finances Quote
12-27-2016 , 04:45 PM
2 was just an approximation. 1.96 if you want to be exact.
Winrates, bankrolls, and finances Quote
12-27-2016 , 04:56 PM
Quote:
Originally Posted by homerdash
conversely, can my true winrate be as high as 13-14bb/hr?
I don't know the statistical answer here, but my strong suspicion is that if you have someone who's winning 7 bbs/hour with a 95% confidence interval of +/- 7bb/hour, it's significantly more likely that they're a break even player than they're winning 14bb/hour. This is an application of Bayes theorem and reversion to the mean. Basically, you have a ton of observed break even players, and very, very few 14bb/hour crushers. So, much more likely that any given person who's a 7bb/hour winner is running good than bad.
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