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Old 11-12-2017, 12:50 AM   #19926
bwslim69
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re: Winrates, bankrolls, and finances

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Originally Posted by meale View Post
Gambling winnings are non taxable in London anyway?


We are talking about tax on US citizens


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Old 11-12-2017, 06:41 AM   #19927
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Originally Posted by bwslim69 View Post
Forget about the 6 year thing. That has nothing to do with anything related to taxation. As long as you are a US citizen you have a filling requirement. Period. Doesn't matter where you are in the world.
wtf are you talking about.

the "6 year thing" I was talking about was BECOMING A U.K. CITIZEN, it has absolutely everything to do with taxation lmao.
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Old 11-12-2017, 07:46 AM   #19928
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re: Winrates, bankrolls, and finances

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Originally Posted by YGOchamp View Post
wtf are you talking about.



the "6 year thing" I was talking about was BECOMING A U.K. CITIZEN, it has absolutely everything to do with taxation lmao.


K good luck


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Old 11-12-2017, 08:24 AM   #19929
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re: Winrates, bankrolls, and finances

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Originally Posted by YGOchamp View Post
wtf are you talking about.

the "6 year thing" I was talking about was BECOMING A U.K. CITIZEN, it has absolutely everything to do with taxation lmao.
Becoming a UK citizen AND renouncing your US citizenship.

I bet Sol Reader was referring to EU nationals who before brexit could move to any EU country. Since the UK doesn't tax gambling winnings, many moved to grind online/live there.
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Old 11-12-2017, 03:33 PM   #19930
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re: Winrates, bankrolls, and finances

Why would anyone pay US taxes living in the UK without intent to return as a citizen? It's not enforceable and the US has no right to that money. I would assume there's a way to renounce your citizenship before becoming a UK citizen so this doesn't matter?
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Old 11-12-2017, 03:40 PM   #19931
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Anyone who renounces US citizenship for the main purpose of avoiding US taxes is absolutely crazy. That's much worse than quitting a 6 figure job or quitting college to play poker for a living.
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Old 11-12-2017, 04:00 PM   #19932
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re: Winrates, bankrolls, and finances

Also I'm pretty sure you aren't allowed back into the USA ever again if you renounce citizenship, not even for your parents funeral or similar.
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Old 11-12-2017, 04:21 PM   #19933
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Originally Posted by MikeStarr View Post
Anyone who renounces US citizenship for the main purpose of avoiding US taxes is absolutely crazy. That's much worse than quitting a 6 figure job or quitting college to play poker for a living.
Because the US is the unarguably the best place is the world to live? As a US citizen I have no problem admitting that there's tons of crap wrong with our country, such as the way gambling winnings are taxed (mainly for recs) or unjust laws like UIGEA. Of course no country is perfect, but the which one is the best place to live is clearly subjective and may be different for each person. Poker players have a lot of incentive to live somewhere else as the government treats us pretty unfairly.

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Also I'm pretty sure you aren't allowed back into the USA ever again if you renounce citizenship, not even for your parents funeral or similar.
Why wouldn't you be able to visit under the same rules that allow foreigners to visit the US?
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Old 11-12-2017, 04:23 PM   #19934
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re: Winrates, bankrolls, and finances

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Originally Posted by MikeStarr View Post
Anyone who renounces US citizenship for the main purpose of avoiding US taxes is absolutely crazy. That's much worse than quitting a 6 figure job or quitting college to play poker for a living.


Especially playing llsnl. Just send like an awful idea unless there are other determining factors involved


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Old 11-12-2017, 04:27 PM   #19935
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re: Winrates, bankrolls, and finances

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Also I'm pretty sure you aren't allowed back into the USA ever again if you renounce citizenship, not even for your parents funeral or similar.
I guess I was wrong about this:

http://www.renouncecitizenship.ca/ex...-expatriation/
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Old 11-12-2017, 04:49 PM   #19936
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Sure there's tons of crap wrong with our Country. If you want to leave the Country or renounce citizenship for those reasons, more power to you. You find just as many problems in whatever Country you go to.

However, what I said was renouncing for the main purpose of avoiding US taxes is stupid. The cost of living in England is very high. Houses are very expensive. Gas is very expensive. Are you going to play poker forever? If not, when you get a real job, income tax in England is higher than the US.

Once you renounce and decide you made a mistake, for whatever reason from family reasons to anything else, youre never going to be able to undue it. Youre also never coming back and getting a job. Unless you want to live like an illegal alien does now.

So if youre in your 20s or 30s and your plan is to play poker for the next 50 years in an environment that we all know is getting tougher very fast, with increasing rake and no way to get raises without playing higher stakes and inflation eating away the buying power of your stagnant income....then more power to you. Its going to be the biggest mistake of your life.
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Old 11-12-2017, 06:31 PM   #19937
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re: Winrates, bankrolls, and finances

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Originally Posted by OvertlySexual View Post
Becoming a UK citizen AND renouncing your US citizenship.

I bet Sol Reader was referring to EU nationals who before brexit could move to any EU country. Since the UK doesn't tax gambling winnings, many moved to grind online/live there.
Yeah that's what I was referring to, gaining citizenship and renouncing your current one because they don't tax gambling winnings, I know.

Ahh, that makes a lot more sense if that was what he was talking about -- that others already within the EU could move there to reap the tax benefits without having to go through such drastic lengths that an american would.


Also, I'm not sure if I agree with you Mike. It just depends if you have strong attachments in the US and don't think you'd want to leave. There's plenty of places that would be considered equal if not better to live, however for many this is the only place we know and to leave it would be very difficult for the sake of saving money (unless its life-changing amounts).
I do agree that its very excessive if you don't know that you're going to be playing poker forever, as it largely defeats the purpose. But as OT mentioned, that's likely not what Sol was referring to.
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Old 11-12-2017, 06:49 PM   #19938
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re: Winrates, bankrolls, and finances

lol @ renouncing us citizenship to play poker full time in london

possibly the nut low life decision you could ever make
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Old 11-12-2017, 09:27 PM   #19939
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re: Winrates, bankrolls, and finances

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lol @ play poker full time

possibly the nut low life decision you could ever make
fyp
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Old 11-12-2017, 11:52 PM   #19940
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re: Winrates, bankrolls, and finances

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Originally Posted by johnnyBuz View Post
lol @ renouncing us citizenship to play poker full time in london

possibly the nut low life decision you could ever make
Adam Bilzerian is doing just fine.
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Old 11-13-2017, 05:37 PM   #19941
jc315
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re: Winrates, bankrolls, and finances

finally hit 500 hrs at $2/5... started playing $2/5 around january this year.

total profit: $23,182
hours: 503 hrs
winrate: 9.2 bb/hr

71 winning sessions (~70%)
30 losing sessions (~30%)


also have dabbled in $5/10 games and have been break even over ~50 hours. Includes a big 3-way all in for ~200-250 bb/each. i had the nut flush on turn vs q-high flush vs set and set boated on river... so that'll skew a 50 hour sample size
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Old 11-14-2017, 07:50 AM   #19942
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re: Winrates, bankrolls, and finances

Wp
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Old 11-14-2017, 12:49 PM   #19943
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Tiltyjoker View Post
^ Yeah, for example you can discount a lot of hands from an opponents range online with a high degree of confidence. Live there are players that can have literally anything in any situation... A couple weeks ago there were 5 limp and the BB checked with KK. He ended up winning a good medium sized pot and was bragging how he liked to mix it up lol.

Online there are a lot of spots where you have to bluff catch with a decent frequency. Whereas in live play there are a good amount of players that close to never bluff on the river.

There are also more multiway bloated pots live (due to the larger standard opening sizes and the abundance of recs playing 50/10 PF).


Are you still crushing Mike? I remember you posted a graph a little while back.
Its common. I just had a young kid overlimp utg+1 and 3 bet my btn raise. Of course Im thinking I have ajo so he never has AA there and hes just playing back at my btn raise with all the limpers. I shove he snap calls with AA of course.
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Old 11-14-2017, 12:52 PM   #19944
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by jc315 View Post
finally hit 500 hrs at $2/5... started playing $2/5 around january this year.

total profit: $23,182
hours: 503 hrs
winrate: 9.2 bb/hr

71 winning sessions (~70%)
30 losing sessions (~30%)


also have dabbled in $5/10 games and have been break even over ~50 hours. Includes a big 3-way all in for ~200-250 bb/each. i had the nut flush on turn vs q-high flush vs set and set boated on river... so that'll skew a 50 hour sample size
How many pocket buy ins do u bring? I usually bring 3 but after losing 2 my play gets bad. My leaks are playing too loose up big and down big.
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Old 11-14-2017, 02:49 PM   #19945
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Dizzyqtp View Post
2,000 hour post:

Graph: https://imgur.com/h7UebId

Results:
1/2NL: +20,726; 823 hrs; 25.20/hr; 12.6bb/hr
1/3NL: +6,434; 91 hrs; 70.96/hr; 23.7bb/hr
2/5NL: +43,421; 849 hrs; 51.12/hr; 10.2bb/hr
T/TNL: +37,779; 210 hrs; 180.26/hr; 18.0bb/hr

2/2PLO: -1,561; 25 hrs; -62.62/hr; -30.8bb/hr
5/5PLO: -290; 3 hrs; -116/hr; -23.20bb/hr

Total: +106,509; 2000 hrs; 53.25/hr; 12.1bb/hr

of course we go on a nice little 9k downswing right into the 2,000th hour, but still really happy with how the last 1,000 hours have gone and was fortunate to run pretty well overall. improved my game a lot, but still lots i hope to be doing better over the next 1,000. i also suck at plo.
Very nice results Dizzy, congrats!

GandobviouslyquitPLO,lolG


Quote:
Originally Posted by Dizzyqtp View Post
UTG open range: 77+; ATs+; KTs+; QTs+; JTs+; T9s; 89s; AQo+; A5s. will sometimes open 22+; AJo; and more suited aces depending on table or tighten up the range depending on the table
Standard open size: 4bb+1bb/limp
I'm guessing this strategy is really game / stack dependent? In my 1/3 NL game, a lol $12 (4bb) UTG raise will see a ~6way pot like always, so basically we build a ~$70 pot where half the stacks are probably hovering in the $200 - $300 area, which seems like suicide / pointless to me. But maybe I'm wrong.

Galthoughthisprobablyisn'ttheforumforstratG
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Old 11-14-2017, 03:18 PM   #19946
jc315
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re: Winrates, bankrolls, and finances

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Originally Posted by BoutThatLife View Post
How many pocket buy ins do u bring? I usually bring 3 but after losing 2 my play gets bad. My leaks are playing too loose up big and down big.
I don't really have a stop loss. i've been in games for ~4 buy-ins before. I've been in a $5/10 games for 3-4 buy ins as well.... it typically doesn't affect my game a ton.

i find that i play the worst when i know my session will be short. so like if i go on a saturday afternoon and know i have to leave in like 3 hours for a dinner. ill tend to force stuff and try to make things happen.
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Old 11-14-2017, 03:40 PM   #19947
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by jc315 View Post
finally hit 500 hrs at $2/5... started playing $2/5 around january this year.

total profit: $23,182
hours: 503 hrs
winrate: 9.2 bb/hr

71 winning sessions (~70%)
30 losing sessions (~30%)


also have dabbled in $5/10 games and have been break even over ~50 hours. Includes a big 3-way all in for ~200-250 bb/each. i had the nut flush on turn vs q-high flush vs set and set boated on river... so that'll skew a 50 hour sample size
Congrats, very nice results. gl on future 5/T shots

Quote:
Originally Posted by gobbledygeek View Post
Very nice results Dizzy, congrats!

GandobviouslyquitPLO,lolG




I'm guessing this strategy is really game / stack dependent? In my 1/3 NL game, a lol $12 (4bb) UTG raise will see a ~6way pot like always, so basically we build a ~$70 pot where half the stacks are probably hovering in the $200 - $300 area, which seems like suicide / pointless to me. But maybe I'm wrong.

Galthoughthisprobablyisn'ttheforumforstratG
Thanks gg - and yeah my games play differently than yours from what I can tell but it's also not a bad thing seeing flops multiway with the range I posted. Im opening at least that wide in almost all lineups.
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Old 11-14-2017, 03:45 PM   #19948
gobbledygeek
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Dizzyqtp View Post
but it's also not a bad thing seeing flops multiway with the range I posted. Im opening at least that wide in almost all lineups.
I'd also be cool with seeing a high SPR multiway flop with a lot of the bottom end of that range, but not so thrilled with seeing a lol small SPR of 3-4 multiway especially OOP.

GsupernitG
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Old 11-14-2017, 05:29 PM   #19949
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Originally Posted by BoutThatLife View Post
Its common. I just had a young kid overlimp utg+1 and 3 bet my btn raise. Of course Im thinking I have ajo so he never has AA there and hes just playing back at my btn raise with all the limpers. I shove he snap calls with AA of course.
Overlimping utg+1 with AA and reraising may not be the best play most of the time, but ive done it more than once. It has its place. It's a far cry from closing the action in a limped pot
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Old 11-14-2017, 05:34 PM   #19950
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Bankroll Advice

Hey guys hopefully you can give me some advice/thoughts on what you would do in my position.

I am on disability and could save about $650 per month and also will be receiving about $1,500 from my school (online courses)for financial aid in March.

Travel plus a week's stay someplace should cost me tops about $900 dollars. (weekly rental charges $250 deposit)

So anyway I'd Love to get out of my house by March as well and start playing sooner rather than later but I'm unsure if I should stay home and save up more money or not.

I could always come home if I lose and save up another roll. (I get another $1,500 lump sum from my school next fall semester)

I think it makes sense to go but I just wanted some feedback to make sure my thoughts about it makes sense.

I do have some experience playing for a prolonged stretch of time. I went to Vegas and gave playing "professionally" a shot 2 years ago. I played about 40 hours a week for aroubd 6 weeks and did well(around $15/hour) before I had to leave for family reasons. I'm pretty confident... Still would've liked to have around double the time stayed in Vegas but it gave me a nice idea of what I should expect.

Appreciate any of your advice/thoughts.

John
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