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Old 01-04-2018, 12:36 PM   #20401
Duke0424
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re: Winrates, bankrolls, and finances

Oh i forgot to mention its 100% true the games are getting worse. Like every year i notice less tables, less fish, less whales, more regs. Rake going up too. So thats a pretty big downside too
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Old 01-04-2018, 01:01 PM   #20402
bob_124
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re: Winrates, bankrolls, and finances

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there are legitimate downsides to poker and I am definitely looking to get out by age 30. However, at this point, I'd only want to get out to work for myself in some way and only if I could make 6 figures after taxes. By far, the biggest downsides of the grind that WILL wear you out eventually are the social aspect (always surrounded by degens/addicts who somehow have the biggest ego in the world) and the downswings (usually i do 1 stretch of 5-600 hours breakeven per year, maybe average 2 losing months per year). I don't care who you are, you WILL get ****ing suicidal over this **** at some point. But to me, the bad times are worth the good.

All that said, if some random dude who was ok at poker asked me should I go pro? I'd say hell ****ing no. But if you have good longterm results and dont like your job that much, I dont think its the worst thing in the world.
Preach Duke! Happy New Year, hope things are good on your end. Sounds like they are.
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Old 01-04-2018, 01:42 PM   #20403
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re: Winrates, bankrolls, and finances

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Originally Posted by sai1b0ats View Post
Would be cool if the winrate thread morphed into a bragging contest of who is weathering, or has weathered, the biggest downswing. Mine was 6k, so I'm not in Sol's league. (obviously)
In my 1/3 NL game I've had 2 downswings of $2866 (to the dollar, lol) = ~955bbs (both very quickly in ugly 3-7 session streaks) in my 3751 hours. Still currently trying to dig out of the second one.

Gmrlowvariance,obviouslyG
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Old 01-04-2018, 01:53 PM   #20404
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re: Winrates, bankrolls, and finances

I hit my first major downswing literally the day I turned pro. -15k in two weeks (3k @ T/T, 12k @2/5). The doomswitch is real.
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Old 01-04-2018, 02:31 PM   #20405
Highspirit1978
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best way to build a bankroll from nothing?

What is the best way to build a bankroll from nothing but a monthly 200-300 dollars, tournaments or cash games?

I prefer to play tournaments but I heard cash games are more better and consistent for making money and wondered considering my situation where I only spend 2-3 hundred per month, what would be the best way to build a bankroll to 2k plus? I could spend 200 on cash games per month or one 3 hundred dollar tourney once every month or two where I can win 8k max. I don't have internet and don't want to play via internet. cheers everybody
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Old 01-04-2018, 02:53 PM   #20406
setintostraight
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Re: best way to build a bankroll from nothing?

Save up until you have 3 buy-ins, then start playing low stakes on the tighter side until you improve.

I don't think tournaments is a great way to start and/or build a bankroll.
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Old 01-04-2018, 02:55 PM   #20407
Mat the Gambler
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Re: best way to build a bankroll from nothing?

If you are 90%+ sure that you are a winning player, the best way would be to borrow money. Get a cash advance, or at the very worst case go for one of those usurious GETMONEYFAST.COM places that charge 100% interest. But if you're 90%+ sure that you are a winning player, you won't care about the interest because you'll be able to pay it back within a few months.

Of course, if you're wrong about being a winning player, you're screwed, but that goes without saying.

If you are 100% sure you are a winning player, then you ought to be able to prove it to someone else and get staked, which is an even better scenario than borrowing money.

If you're not 90%+ sure you are a winning player, your bankroll doesn't matter. Play poker for fun with money you can afford to lose, track your results, and work on getting better.
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Old 01-04-2018, 03:05 PM   #20408
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Re: best way to build a bankroll from nothing?

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Get a cash advance, or at the very worst case go for one of those usurious GETMONEYFAST.COM places that charge 100% interest.
Please don't listen to this.



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Old 01-04-2018, 03:19 PM   #20409
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Re: best way to build a bankroll from nothing?

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Originally Posted by Highspirit1978 View Post
What is the best way to build a bankroll from nothing but a monthly 200-300 dollars, tournaments or cash games?

I prefer to play tournaments but I heard cash games are more better and consistent for making money and wondered considering my situation where I only spend 2-3 hundred per month, what would be the best way to build a bankroll to 2k plus? I could spend 200 on cash games per month or one 3 hundred dollar tourney once every month or two where I can win 8k max. I don't have internet and don't want to play via internet. cheers everybody
Find a way to make more money.

Save up for 3 or 4 months and pray you don't start out on a downswing.

Trying to bink a tourney is not a great way.

Also, quick question.....and not to be a total smartass but if you don't have the internet how are you posting on the internet?
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Old 01-04-2018, 03:32 PM   #20410
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Re: best way to build a bankroll from nothing?

NO CASH ADVANCES!!!!

No Tournaments. (Entry fees at low levels make them long term unbeatable)

Saving up through work is the only way to build a roll. I suppose you can try the online route as well, but that should really just supplement the work savings.
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Old 01-04-2018, 03:55 PM   #20411
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Re: best way to build a bankroll from nothing?

My suggestion would be to save for 5-6 months until you have $1k (absolute minimum for $1/$2 NL assuming you can be a consistent winner) and use that time to study the game through available literature and reading hands here on the forum.

I know you want to go play (we all do), but being uber short BR and unprepared is a recipe for even a good player to be broke a lot and it just isn't worth it. You never want to go to the card room with the thought "God I have to win this session or I am going to be busto."

GL OP.
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Old 01-04-2018, 04:03 PM   #20412
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Re: best way to build a bankroll from nothing?

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Originally Posted by shorn7 View Post
My suggestion would be to save for 5-6 months until you have $1k (absolute minimum for $1/$2 NL assuming you can be a consistent winner) and use that time to study the game through available literature and reading hands here on the forum.

I know you want to go play (we all do), but being uber short BR and unprepared is a recipe for even a good player to be broke a lot and it just isn't worth it. You never want to go to the card room with the thought "God I have to win this session or I am going to be busto."

GL OP.
I agree with this if your goal it to build a bankroll, which is seems to be. The only way to do it is save enough money through your job, etc. Building a poker bankroll is not done through playing poker unless you are moving up in stakes!!!
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Old 01-04-2018, 04:39 PM   #20413
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Re: best way to build a bankroll from nothing?

Borrowing money to play poker is a terrible idea. In addition to all the standard risks of borrowing (sickness, injury, unemployment, random bad luck, etc.) you can and will have long stretches in which you lose.

There's no mathematical reason you need to save up your entire bankroll before you start playing. However, some caveats apply:

* If you play differently because you don't have more bullets, that's a problem. I suspect most people basically can't play properly without reserves, but you know yourself better than we do.

* You must quit or correctly alter your strategy if you dip below a full buy-in. I would guess there's some minimum point at which you can't play positive EV: the blinds are too large relative to the amount you can win. Not sure what that point is; as a reasonable approximation, I wouldn't play less than, say, 30 BB. It can't be emphasized enough that this must be with a good short stack strategy.

Those caveats are critical. Unless you're absolutely sure you play your best game knowing that if you lose you're going to have to go home, definitely save up first. And if you drop below a full buy-in, either modify your strategy or go home. Your win/loss results don't care about how frustrating that is or how far you had to drive.

Consider starting with a short stack strategy. First, find and understand a good short stack strategy. Then take a couple of min buy-ins and play the strategy. If you lose your buy-ins, go home, save more, repeat. If you win, change tables to reset to a short stack (or go home if that's not allowed or will generate heat). If you can't win short stacking, you probably are also going to have a hard time winning playing full buy-ins.

As you build up your bankroll, you can start to play full buy-ins, with the appropriate strategy.

Don't make the mistake of thinking you actually have a real bankroll too soon. I've seen suggestions from 20 to 50 or more buy-ins to really have a fully sustainable bankroll, and that assumes you don't ever take money from your bankroll for anything else.

Keep meticulous records of your sessions and wins/losses. Don't pay for food/drink out of your chips unless you also record that meticulously.

Run good!
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Old 01-04-2018, 04:46 PM   #20414
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Re: best way to build a bankroll from nothing?

Quote:
Originally Posted by VooDoo901 View Post

Also, quick question.....and not to be a total smartass but if you don't have the internet how are you posting on the internet?
I'm guessing OP is using some available Wi-Fi.
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Old 01-04-2018, 04:49 PM   #20415
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Re: best way to build a bankroll from nothing?

Indeed.com
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Old 01-04-2018, 04:54 PM   #20416
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Re: best way to build a bankroll from nothing?

Part of being a good and successful poker player is having the bankroll to handle the inevitable upswings and downswings otherwise you will never be able to play optimally. I’d suggest trying to get a job or second job that can be used to strictly save for this endeavor.

If you earn the bankroll to start with you will be more responsible with it and take it more seriously and therefore be more successful in my opinion
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Old 01-04-2018, 05:37 PM   #20417
Highspirit1978
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Re: best way to build a bankroll from nothing?

Quote:
Originally Posted by VooDoo901 View Post
Find a way to make more money.

Save up for 3 or 4 months and pray you don't start out on a downswing.

Trying to bink a tourney is not a great way.

Also, quick question.....and not to be a total smartass but if you don't have the internet how are you posting on the internet?
there are a ton of places where i can use the internet such as the libraries, universities, human resource centers, etc. and I can play poker using non-downloading poker software such as 888.com, but no hud. I play ok at the 1/2cent so far.

Thanks everyone for your answers. I got a ton of good info.

take care.
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Old 01-04-2018, 05:45 PM   #20418
ES2
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Re: best way to build a bankroll from nothing?

Quote:
Originally Posted by Mat the Gambler View Post
If you are 90%+ sure that you are a winning player, the best way would be to borrow money. Get a cash advance, or at the very worst case go for one of those usurious GETMONEYFAST.COM places that charge 100% interest. But if you're 90%+ sure that you are a winning player, you won't care about the interest because you'll be able to pay it back within a few months.

Of course, if you're wrong about being a winning player, you're screwed, but that goes without saying.

If you are 100% sure you are a winning player, then you ought to be able to prove it to someone else and get staked, which is an even better scenario than borrowing money.

If you're not 90%+ sure you are a winning player, your bankroll doesn't matter. Play poker for fun with money you can afford to lose, track your results, and work on getting better.
I think there's a good chance this is a joke, but just in case, please, for the love of God, ignore every word. If your parents offer you a 0% interest loan, even then, don't even think about taking it.

If someone offers to STAKE you and understands they could easily lose and you won't feel too bad about losing, maybe that's worthwhile.

I say, buy in short, be conservative, never top off. Pick a number, probably $400 or $500 max and always leave when you get there. (Obviously, you can also leave with less) This is how I've built a roll a few times.

As a tourney player, you must have some short stack skills. Learn more about short stacking cash from reading and experience.

Your win rate short stacking is lower, but your edge on the money you play is much bigger and can often be huge. That's how you build a BR: by investing with as big an edge as possible.

I still like to shortstack pretty often, especially if I get bellow the minim buy in. If I have 25BBs or something, my edge is so big, I'll take a lower hourly in exchange for the sharply reduced variance. Plus, I think it's fun and satisfying to build a nub into a decent stack. Plus, it's a safeguard against tilt.
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Old 01-04-2018, 05:51 PM   #20419
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Re: best way to build a bankroll from nothing?

I've heard you can make a lot of money selling drugs, so that is prob a good way to build a roll.
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Old 01-04-2018, 07:11 PM   #20420
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Re: best way to build a bankroll from nothing?

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I've heard you can make a lot of money selling drugs, so that is prob a good way to build a roll.
Breaking Bad 2:

A man looking for a gambling bankroll sells meth using gambling as an explanation for his newfound wealth.
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Old 01-04-2018, 07:25 PM   #20421
NewClintEastwood
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Re: best way to build a bankroll from nothing?

One option people haven't mentioned is finding a home game in your area. Not all places have them and they aren't always easy to find but home games are perfect for a limited bankroll. They are usually super low stakes and allow for small buyins. If that's not an option then save up at least 600 and go play 1/2 at a casino on a Friday or Saturday night. Buy in for 200 and play TAG poker
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Old 01-04-2018, 09:15 PM   #20422
soxfan43
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by sai1b0ats View Post
Would be cool if the winrate thread morphed into a bragging contest of who is weathering, or has weathered, the biggest downswing. Mine was 6k, so I'm not in Sol's league. (obviously)
$14k give or take 95% at 2/5 nl. Wow at plo...

Last edited by soxfan43; 01-04-2018 at 09:22 PM.
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Old 01-05-2018, 01:18 PM   #20423
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re: Winrates, bankrolls, and finances

I don't know why people are so averse to borrowing money if you're a winning player. The poster did say 100% or 90%+ certainty. People borrow money to go to school with way less certainty of getting a job than that.

That said, for most, I think saving up money, and playing micro stakes online while you're saving up, is probably the best bet. Remember, while you're saving up, your goal is to get good, not make money, so try your hardest to improve. Once you've saved up 2.5k or so, it's okay to take a shot here and there. That's a year long plan, but probably the most realistic. If you want to be in the poker world for long, you have to learn to not give in to short term desires. Sometimes that means waiting.

Also, confirmed whining about runbad is +EV, I just won 15k~ in an hour.
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Old 01-05-2018, 01:29 PM   #20424
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Re: best way to build a bankroll from nothing?

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Originally Posted by NewClintEastwood View Post
One option people haven't mentioned is finding a home game in your area. Not all places have them and they aren't always easy to find but home games are perfect for a limited bankroll. They are usually super low stakes and allow for small buyins. If that's not an option then save up at least 600 and go play 1/2 at a casino on a Friday or Saturday night. Buy in for 200 and play TAG poker
LoL

The home games that I know of are *bigger* than the local casino and charity games. Although they are also a lot better.
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Old 01-05-2018, 07:49 PM   #20425
soxfan43
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re: Winrates, bankrolls, and finances

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Also, confirmed whining about runbad is +EV, I just won 15k~ in an hour.
Damn, nice hour! That makes +$15,000/hr your new winrate.
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