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Old 06-21-2018, 05:55 PM   #21801
PixieRust
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re: Winrates, bankrolls, and finances

The willingness to sell EV for variance thing is because most players play massively underrolled.
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Old 06-29-2018, 12:04 PM   #21802
Xiph0id
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re: Winrates, bankrolls, and finances

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Originally Posted by PixieRust View Post
The willingness to sell EV for variance thing is because most players play massively underrolled.
Because, I don't play poker for a living, have a job and am a winning player, I almost never risk EV for variance.

I wouldn't be "underrolled" if my wife would quit spending my profits but I still take some pretty high variance routes when the game is good.
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Old 06-29-2018, 12:34 PM   #21803
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re: Winrates, bankrolls, and finances

Oh man that's the story of my life. I also don't really play from a bankroll, but I do sort of try to keep my poker money set aside as sort of a savings account/poker money fund. I'd be playing 5/10NL right now if I could keep my wife's grubby hands off of it.
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Old 06-29-2018, 01:39 PM   #21804
setintostraight
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re: Winrates, bankrolls, and finances

Are you guys not in control of the family finances or something?

Perhaps one would be smart to invest into teaching your wife some fiscal responsibility.
Although it too, is a +EV high variance line to take (depending on the type of woman you married).

They are the life's rake after all.
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Old 06-29-2018, 01:47 PM   #21805
Xiph0id
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re: Winrates, bankrolls, and finances

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Originally Posted by setintostraight View Post
Are you guys not in control of the family finances or something?

Perhaps one would be smart to invest into teaching your wife some fiscal responsibility.
Although it too, is a +EV high variance line to take (depending on the type of woman you married).

They are the life's rake after all.
It's not like that. Its just I don't keep a bankroll per say and when I win, we usually spend it. I have no plans on moving up in limits and it's easy to blame the wife!
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Old 06-30-2018, 08:37 PM   #21806
7weeks2days
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re: Winrates, bankrolls, and finances

Unsure if I missed some examples but I would be interested to hear about some of these spots where those of you who advocate giving up ev for the sake of variance actually feel like you do so. The closest I feel like I come to these spots is where I am readless vs someone and I default to a fold/more passive line. I would not really count that as giving up ev for the sake of variance because generally speaking I feel like its the correct play b/c of how unbalanced people generally are.

Care to share?
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Old 06-30-2018, 09:13 PM   #21807
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re: Winrates, bankrolls, and finances

When I started playing poker, my wife insisted we had a completely separate poker bank account and there would be no cash flow from household finances. So now that bank account is all mine.
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Old 06-30-2018, 10:32 PM   #21808
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re: Winrates, bankrolls, and finances

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When I started playing poker, my wife insisted we had a completely separate poker bank account and there would be no cash flow from household finances. So now that bank account is all mine.
Ya, I keep my poker finances completely separate from family finances. Only way to go
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Old 07-01-2018, 07:35 AM   #21809
Katman
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re: Winrates, bankrolls, and finances

Yep, that way you can easily institute the 10% rule.
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Old 07-01-2018, 07:47 AM   #21810
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re: Winrates, bankrolls, and finances

FWIW, it's not per say, as in per what someone says, it's per SE, as in itself from Latin.
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Old 07-01-2018, 02:01 PM   #21811
Shai Hulud
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by 7weeks2days View Post
Unsure if I missed some examples but I would be interested to hear about some of these spots where those of you who advocate giving up ev for the sake of variance actually feel like you do so. The closest I feel like I come to these spots is where I am readless vs someone and I default to a fold/more passive line. I would not really count that as giving up ev for the sake of variance because generally speaking I feel like its the correct play b/c of how unbalanced people generally are.

Care to share?
I figure things like

Jamming combo draws deep
Making triple barrel bluffs
4 betting light
5 betting light
Bluff catching for your stack deep
X/r draws vs x/c draws
Going/calling all-ins deep with hands besides KK+
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Old 07-01-2018, 02:32 PM   #21812
browni3141
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re: Winrates, bankrolls, and finances

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Originally Posted by Shai Hulud View Post
I figure things like

Jamming combo draws deep
Making triple barrel bluffs
4 betting light
5 betting light
Bluff catching for your stack deep
X/r draws vs x/c draws
Going/calling all-ins deep with hands besides KK+
All of those make sense, except x/r draws is not always higher variance than x/c draws. It's situation dependent, but sometimes raising is lower variance than calling.

All the other things obviously increase variance if the other option is to fold.

Generally, any time you have a close fold vs. call/raise decision, you can fold to save yourself from variance without too much worry, granted the situation truly is very close to neutral EV.
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Old 07-01-2018, 09:48 PM   #21813
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re: Winrates, bankrolls, and finances

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Originally Posted by OvertlySexual View Post
FWIW, it's not per say, as in per what someone says, it's per SE, as in itself from Latin.
Well it took 21,810 posts, but I finally learned something from this thread.
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Old 07-02-2018, 12:56 PM   #21814
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re: Winrates, bankrolls, and finances

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Best 100 hour streak was 18.5 bbs/hr ($2/$5 NL). Recently just logged my initial 1k hour, with win rate at 5.7 bbs/hr.
Currently on worst 100 hr (113.75 hrs) streak. Not nearly as ugly as other posts, still very sucky to go through. (4.8 bbs/hr). I limit session loss to 2 BIs.

Long-term win rate is >60%, but only ~35% during this run. Mostly unlucky, card dead, and ofc some non-optimal play. Clearly takes the fun out of playing. Trying to play more at night and weekends now.

Each time I thought about booking a win, table conditions were too good to exit early, kept hoping for a "triple up". Hasn't worked out
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Old 07-02-2018, 04:42 PM   #21815
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re: Winrates, bankrolls, and finances

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Originally Posted by samo View Post
Currently on worst 100 hr (113.75 hrs) streak. Not nearly as ugly as other posts, still very sucky to go through. (4.8 bbs/hr). I limit session loss to 2 BIs.

Long-term win rate is >60%, but only ~35% during this run. Mostly unlucky, card dead, and ofc some non-optimal play. Clearly takes the fun out of playing. Trying to play more at night and weekends now.

Each time I thought about booking a win, table conditions were too good to exit early, kept hoping for a "triple up". Hasn't worked out
You must be a sicko crusher if a 5bb stretch is horrible. Also good discipline refusing to book a win when table conditions were good.
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Old 07-02-2018, 04:54 PM   #21816
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re: Winrates, bankrolls, and finances

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You must be a sicko crusher if a 5bb stretch is horrible. Also good discipline refusing to book a win when table conditions were good.
Haha, thx. Disciplined grinder is more appropriate,<6bbs/hr. The floor of a 2 BI loss helps.

I can get T4/92/etc for 4 hours, then look down at AQo, raise/fold to a 3b from the right opponent.
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Old 07-07-2018, 09:30 PM   #21817
longballpoker
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re: Winrates, bankrolls, and finances

Leaving job and moving to oklahoma to grind 1-2 1/3 and 2/5 at winstar and eventually some texas games. Been winning at 1/3 for 22/hr over 2k hours. 2/5 winrate is astronomical over less then 500 hour sample but 1k cap games (winstar is 500). Remember poker will be my only income and rent in oklahoma is ridic low plus ill be living frugally until im rolled to LA. I will also be playing 50-80 hrs a week. My question is how long should i stay at my job saving while playing poker on side before moving? do not ask what my job is or try to deter me
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Old 07-07-2018, 09:55 PM   #21818
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Originally Posted by longballpoker View Post
Leaving job and moving to oklahoma to grind 1-2 1/3 and 2/5 at winstar and eventually some texas games. Been winning at 1/3 for 22/hr over 2k hours. 2/5 winrate is astronomical over less then 500 hour sample but 1k cap games (winstar is 500). Remember poker will be my only income and rent in oklahoma is ridic low plus ill be living frugally until im rolled to LA. I will also be playing 50-80 hrs a week. My question is how long should i stay at my job saving while playing poker on side before moving? do not ask what my job is or try to deter me
Until you have enough money saved for a proper poker bankroll and also 4-6 months life expenses. I'm wondering why you dont already have a good amount saved if you have a job and have been beating the games for 2500ish hours on the side. Maybe you do but if you do, why wait at all?

FWIW...I lived in Dallas most of my life and have played many times at Winstar and, IMO, the games are some of the softest in the Country
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Old 07-07-2018, 10:06 PM   #21819
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Originally Posted by MikeStarr View Post
Until you have enough money saved for a proper poker bankroll and also 4-6 months life expenses. I'm wondering why you dont already have a good amount saved if you have a job and have been beating the games for 2500ish hours on the side. Maybe you do but if you do, why wait at all?

FWIW...I lived in Dallas most of my life and have played many times at Winstar and, IMO, the games are some of the softest in the Country
Have a decent roll saved up. just wanted to see what others have to say. planning on heading there october. little worried about the nightlife being single and love spanish women.
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Old 07-07-2018, 10:22 PM   #21820
MikeStarr
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Originally Posted by longballpoker View Post
Have a decent roll saved up. just wanted to see what others have to say. planning on heading there october. little worried about the nightlife being single and love spanish women.
Well you have a problem there, Sir. You dont get cheap cost of living in the middle of nowhere and also get active nightlife.

There's plenty of Mexican woman around those parts though.
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Old 07-07-2018, 10:32 PM   #21821
longballpoker
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Originally Posted by MikeStarr View Post
Well you have a problem there, Sir. You dont get cheap cost of living in the middle of nowhere and also get active nightlife.

There's plenty of Mexican woman around those parts though.
i know. may be good to focus on cards for a bit
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Old 07-08-2018, 03:04 AM   #21822
Shai Hulud
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re: Winrates, bankrolls, and finances

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Originally Posted by longballpoker View Post
Have a decent roll saved up. just wanted to see what others have to say. planning on heading there october. little worried about the nightlife being single and love spanish women.
Basically why I chose not to move to Thackerville. Not that I've been meeting lots of ladies in Tampa.

Can confirm 1/2 games stupid soft but never played 2/5 there.

I would encourage you have a separate life roll and bankroll. That's what I did when I started playing full time a year ago and it's allowed me to just massively build my bankroll. I started with 10k bankroll and will be rolled for 5/T soon, though I'll probably wait a while more before jumping into those waters.
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Old 07-08-2018, 04:10 AM   #21823
LordRiverRat
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re: Winrates, bankrolls, and finances

4-6 months life expenses? More like 1 year if you ask me.
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Old 07-08-2018, 12:56 PM   #21824
Shai Hulud
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4-6 months life expenses? More like 1 year if you ask me.
Agreed...if I had saved only 4 to 6 months life expenses I would have busted in December. Maybe if you already know you're a crusher that would be sufficient but it's definitely risky.
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Old 07-08-2018, 01:31 PM   #21825
33plus1
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re: Winrates, bankrolls, and finances

Probably not a unique question. I play 1/3, some 2/5 and MTTs, all live. I have a positive win rate in all of them and do best in the MTTs. There's one in particular that I crush. About a $30% win rate (winning the tournament, not total cash, not a huge sample size, but a couple of dozen over the last two years. I'm sure it'll level out.).

Question: I have an appropriate bankroll for my cash play (I won't switch to 2/5 predominately until I have 20+ buy ins) but no clue what that should be for tournaments.

I play in the WSOP ($1500 events) as my "super bowl" but that's just for fun (broke even this year). I obviously know that the bankroll for a tournament like that isn't in line with my BR, but I play in mostly 100-200$ tournies. I treat them like cash, requiring 20 buy ins. Is that appropriate?

(All of this is bank roll on hand as I spend part of my bankroll for vacations, etc).

I'm 100% rec and don't play too often (maybe once a week between tournies and cash).
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