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Old 09-27-2018, 11:33 AM   #22426
mdelore
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re: Winrates, bankrolls, and finances

Maybe an easy solution is to start an LLC for your technology hobby and say you tried entrepreneurship if poker doesn't work out? It only costs about a hundred dollars to make one, and maybe a municipal business license of $40 per year. At least that's how much it was in my home state.
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Old 09-27-2018, 11:56 AM   #22427
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re: Winrates, bankrolls, and finances

If you travel while playing poker you can just tell them that. Many people take a year off and "go see the world". Which actually works well for a poker player since there are Casinos *everywhere*.
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Old 09-27-2018, 06:47 PM   #22428
Shai Hulud
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by thin_slicing View Post
I've been lucky enough to involve travel in my breaks.

Also how you sell the story makes a difference.


"I quit for two years to play low stakes poker" would be horrible to say in a job interview.

Employer: I see you haven't had a job in two years.

Me:My Dad had recently retired and I took a year off to travel the United States with him player poker at some of our stops to supplement my income.

Employer: Wow, that sounds interesting. So you consider yourself a professional poker player.

Me: I use the term "semi-professional" and I use that term pretty loosely. I did take it seriously though, I tracked all my sessions, I have a warm up and cool down I do in between each time I play. There is also some studying off the table that is involved, usually just one or two hands from the previous session or time that I played.

The travel wasn't all about poker though. My Dad's a big bike rider so we went on bike rides, went hiking, and spent a lot of time in nature.

It was just the break I needed to come back and fire on all cylinders.

Employer: Wow, you might be the most interesting person we have ever interviewed. You are hired right on the spot and we are going to double your salary and give you bonuses. You can also marry one of my daughters.

Me: Your daughters are not property dude, I don't want this job anymore you sexist pig!

Employer: AWWWW MAN

This is a true story
Lol... Here's how it would go for me.

Them: So...I see you have a resume gap here for the past 2 years where you appear to have done no mathematical work. What have you been doing in this time?

Me: I'm glad you asked. I've been playing online poker extremely successfully. I played up to 30 tables at once and was the #1 winner in my game according to sharkscope. My overall results placed me in the 99.99th percentile of players on this site. (Hands graph and sharkscope screenshot)

Fantasy response: Wow! 30 tables at once? And still you manage results like these? That is incredibly impressive and must take tremendous drive and focus. You're hired!

Actual response: Hmm...so you felt the need to play THIRTY tables? It sounds like you have a serious gambling problem.

Me: Well no, I see it as a form of risk assessment where I used my mathematical skills to leverage an edge over the competition. And my ability to multitable allowed me to maximize that edge. These kind of results were inevitable with my approach.

Them: So you use your mathematical skills to prey on gambling addicts and weaker players? Have you done any volunteer work or contributed anything meaningful to society?

Me: Umm...

Them: And isn't online gambling illegal?

Me: Well no, it was illegal for banks to process payments in certain ways but not to play online poker

Them: No I'm sure I read something about this. Didn't the Department of Justice shut down these sites for money laundering or something?

Me: Well yes but I had nothing to do with that

Them: So you don't take responsibility for your actions. Hmm. Well thank you for coming in and best of luck to you but I don't think we can find a place for you in our organization right now. We do important research here for the betterment of mankind. I'm actually calling security right now to have you thrown out. You're a disgusting human being and your "poker career" represents everything wrong with this country. Get out.

Me: Cries softly

Obviously exaggerated but I could tell by reactions these guys were not impressed by my poker career and looked at me like some kind of degenerate parasite, or at best like a lazy and useless person.

I just stopped telling people about poker because my responses when disclosing were never good. But I live in the American South. Your mileage may vary.
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Old 09-27-2018, 07:19 PM   #22429
bodybuilder32
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Shai Hulud View Post
Lol... Here's how it would go for me.

Them: So...I see you have a resume gap here for the past 2 years where you appear to have done no mathematical work. What have you been doing in this time?

Me: I'm glad you asked. I've been playing online poker extremely successfully. I played up to 30 tables at once and was the #1 winner in my game according to sharkscope. My overall results placed me in the 99.99th percentile of players on this site. (Hands graph and sharkscope screenshot)

Fantasy response: Wow! 30 tables at once? And still you manage results like these? That is incredibly impressive and must take tremendous drive and focus. You're hired!

Actual response: Hmm...so you felt the need to play THIRTY tables? It sounds like you have a serious gambling problem.

Me: Well no, I see it as a form of risk assessment where I used my mathematical skills to leverage an edge over the competition. And my ability to multitable allowed me to maximize that edge. These kind of results were inevitable with my approach.

Them: So you use your mathematical skills to prey on gambling addicts and weaker players? Have you done any volunteer work or contributed anything meaningful to society?

Me: Umm...

Them: And isn't online gambling illegal?

Me: Well no, it was illegal for banks to process payments in certain ways but not to play online poker

Them: No I'm sure I read something about this. Didn't the Department of Justice shut down these sites for money laundering or something?

Me: Well yes but I had nothing to do with that

Them: So you don't take responsibility for your actions. Hmm. Well thank you for coming in and best of luck to you but I don't think we can find a place for you in our organization right now. We do important research here for the betterment of mankind. I'm actually calling security right now to have you thrown out. You're a disgusting human being and your "poker career" represents everything wrong with this country. Get out.

Me: Cries softly

Obviously exaggerated but I could tell by reactions these guys were not impressed by my poker career and looked at me like some kind of degenerate parasite, or at best like a lazy and useless person.

I just stopped telling people about poker because my responses when disclosing were never good. But I live in the American South. Your mileage may vary.
I laughed at this. Very nice.

Since we're talking about looking dishonest......is it that hard to lie on a resume? Just make up a few organizations you worked for. Not all employers check references. If you are worried about references, can't you make up being self-employed as a "consultant" for something that doesn't sound Degen or related to your industry?
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Old 09-27-2018, 07:31 PM   #22430
MikeStarr
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Shai Hulud View Post
Lol... Here's how it would go for me.

Them: So...I see you have a resume gap here for the past 2 years where you appear to have done no mathematical work. What have you been doing in this time?

Me: I'm glad you asked. I've been playing online poker extremely successfully. I played up to 30 tables at once and was the #1 winner in my game according to sharkscope. My overall results placed me in the 99.99th percentile of players on this site. (Hands graph and sharkscope screenshot)

Fantasy response: Wow! 30 tables at once? And still you manage results like these? That is incredibly impressive and must take tremendous drive and focus. You're hired!

Actual response: Hmm...so you felt the need to play THIRTY tables? It sounds like you have a serious gambling problem.

Me: Well no, I see it as a form of risk assessment where I used my mathematical skills to leverage an edge over the competition. And my ability to multitable allowed me to maximize that edge. These kind of results were inevitable with my approach.

Them: So you use your mathematical skills to prey on gambling addicts and weaker players? Have you done any volunteer work or contributed anything meaningful to society?

Me: Umm...

Them: And isn't online gambling illegal?

Me: Well no, it was illegal for banks to process payments in certain ways but not to play online poker

Them: No I'm sure I read something about this. Didn't the Department of Justice shut down these sites for money laundering or something?

Me: Well yes but I had nothing to do with that

Them: So you don't take responsibility for your actions. Hmm. Well thank you for coming in and best of luck to you but I don't think we can find a place for you in our organization right now. We do important research here for the betterment of mankind. I'm actually calling security right now to have you thrown out. You're a disgusting human being and your "poker career" represents everything wrong with this country. Get out.

Me: Cries softly

Obviously exaggerated but I could tell by reactions these guys were not impressed by my poker career and looked at me like some kind of degenerate parasite, or at best like a lazy and useless person.

I just stopped telling people about poker because my responses when disclosing were never good. But I live in the American South. Your mileage may vary.
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Old 09-28-2018, 11:13 AM   #22431
gobbledygeek
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by bodybuilder32 View Post
Just make up a few organizations you worked for.
Vandelay Industries. Mostly working on the Penske File under the tutelage of Dr. Martin Van Nostrand.

Airtight.

G7.0bb/hr@4091:45hours,justsoGdoesn'tbanhammermeG
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Old 09-28-2018, 11:27 AM   #22432
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re: Winrates, bankrolls, and finances

You're not Penske material.

We'll just see about that... Ta-ta, Tut-tel!
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Old 09-28-2018, 11:56 AM   #22433
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re: Winrates, bankrolls, and finances

Start an LLC with a reasonable sounding name.
You're the owner/ operator.
It covers all employments gaps.
Easy game.
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Old 09-28-2018, 02:58 PM   #22434
thin_slicing
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by Shai Hulud View Post
Lol... Here's how it would go for me.

Them: So...I see you have a resume gap here for the past 2 years where you appear to have done no mathematical work. What have you been doing in this time?

Me: I'm glad you asked. I've been playing online poker extremely successfully. I played up to 30 tables at once and was the #1 winner in my game according to sharkscope. My overall results placed me in the 99.99th percentile of players on this site. (Hands graph and sharkscope screenshot)

Fantasy response: Wow! 30 tables at once? And still you manage results like these? That is incredibly impressive and must take tremendous drive and focus. You're hired!

Actual response: Hmm...so you felt the need to play THIRTY tables? It sounds like you have a serious gambling problem.

Me: Well no, I see it as a form of risk assessment where I used my mathematical skills to leverage an edge over the competition. And my ability to multitable allowed me to maximize that edge. These kind of results were inevitable with my approach.

Them: So you use your mathematical skills to prey on gambling addicts and weaker players? Have you done any volunteer work or contributed anything meaningful to society?

Me: Umm...

Them: And isn't online gambling illegal?

Me: Well no, it was illegal for banks to process payments in certain ways but not to play online poker

Them: No I'm sure I read something about this. Didn't the Department of Justice shut down these sites for money laundering or something?

Me: Well yes but I had nothing to do with that

Them: So you don't take responsibility for your actions. Hmm. Well thank you for coming in and best of luck to you but I don't think we can find a place for you in our organization right now. We do important research here for the betterment of mankind. I'm actually calling security right now to have you thrown out. You're a disgusting human being and your "poker career" represents everything wrong with this country. Get out.

Me: Cries softly

Obviously exaggerated but I could tell by reactions these guys were not impressed by my poker career and looked at me like some kind of degenerate parasite, or at best like a lazy and useless person.

I just stopped telling people about poker because my responses when disclosing were never good. But I live in the American South. Your mileage may vary.

HAHA, I would imagine the real interview would be in between our two stories.
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Old 10-05-2018, 07:14 PM   #22435
PaulyJames200x
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re: Winrates, bankrolls, and finances

Is it agreed upon here that vegas is probably the worst place to play poker for 1/2 and 1/3 and 2/5nl because its infested with lot of 2/5nl pros?


I posted this from a vegas thread about quality of game and would like if anyone has input on it.


Is it true the games in vegas are very bad now compared to say 2012? Back then when i played there for a few months, i mostly played 1/3 at wynn and caesars. The games there were damn soft at caesars. Very rarely would there be say more than 2 players who i say are competent... if they were they were tight. The wynn i recalled had quite a number of regs at 2/5 i notice and some played 1/3 as well waiting for 2/5. The players at wynn were particularly stronger than anywhere else at 1/3... but again this was back in 2012.


Are the games in vegas pretty bad now even at say 1/2 and 1/3 now? I have to imagine 2/5 is probably mostly regs during the day and at night, its probably half regs? Of course it could be bad reg as well but any reg at the table isn't good for you. The thing is it seemed like most poker pros in vegas are 2/5 pros right? Since if you check bravo, seems like very few 5/10 games if any and if so, its max 1 table.


And i thought the games in 2012 were pretty bad because there were definitely competent players at 1/3 at wynn.


Im also curious about winrates now. Are solid regs getting 30/hr at 1/3? Obviously if they are solid, they dont play 1/3 for long and move up to 2/5. With so many regs in vegas, i can't imagine there are that many players even making 50/hr right? Im also curious what would be the winrate of those tight players. Are solid average players at 2/5 making around 5bb or 25/hr still or they might even be close to breakeven.


Now those of you who play in vegas, would you say the play there is considerably different than say at borgata or florida or the east coast? The last time i was at borgats was maybe 2012. And when i played 1/2nl few times there, there weren't exactly that many bad players there compared to vegas. So when i played some poker in vegas, i thought, these tables are much better than borgata. However, from reading threads here, it seems like vegas is probably the worst place now for 1/2 and 1/3 and 2/5 compared to everyone else? However, you would say that statement would not be true say back in 2012 right? Because the play at borgata vs say venetian or caesars etc... there certainly wasn't that many bad players at borgata.
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Old 10-05-2018, 09:04 PM   #22436
Ranma4703
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re: Winrates, bankrolls, and finances

On the east coast, on a weekday I'd say 6-7 are solid enough regs that they aren't losing too much money. Most people rely on variance for their winrate
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Old 10-06-2018, 07:19 AM   #22437
bodybuilder32
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by PaulyJames200x View Post
Is it agreed upon here that vegas is probably the worst place to play poker for 1/2 and 1/3 and 2/5nl because its infested with lot of 2/5nl pros?


I posted this from a vegas thread about quality of game and would like if anyone has input on it.


Is it true the games in vegas are very bad now compared to say 2012? Back then when i played there for a few months, i mostly played 1/3 at wynn and caesars. The games there were damn soft at caesars. Very rarely would there be say more than 2 players who i say are competent... if they were they were tight. The wynn i recalled had quite a number of regs at 2/5 i notice and some played 1/3 as well waiting for 2/5. The players at wynn were particularly stronger than anywhere else at 1/3... but again this was back in 2012.


Are the games in vegas pretty bad now even at say 1/2 and 1/3 now? I have to imagine 2/5 is probably mostly regs during the day and at night, its probably half regs? Of course it could be bad reg as well but any reg at the table isn't good for you. The thing is it seemed like most poker pros in vegas are 2/5 pros right? Since if you check bravo, seems like very few 5/10 games if any and if so, its max 1 table.


And i thought the games in 2012 were pretty bad because there were definitely competent players at 1/3 at wynn.


Im also curious about winrates now. Are solid regs getting 30/hr at 1/3? Obviously if they are solid, they dont play 1/3 for long and move up to 2/5. With so many regs in vegas, i can't imagine there are that many players even making 50/hr right? Im also curious what would be the winrate of those tight players. Are solid average players at 2/5 making around 5bb or 25/hr still or they might even be close to breakeven.


Now those of you who play in vegas, would you say the play there is considerably different than say at borgata or florida or the east coast? The last time i was at borgats was maybe 2012. And when i played 1/2nl few times there, there weren't exactly that many bad players there compared to vegas. So when i played some poker in vegas, i thought, these tables are much better than borgata. However, from reading threads here, it seems like vegas is probably the worst place now for 1/2 and 1/3 and 2/5 compared to everyone else? However, you would say that statement would not be true say back in 2012 right? Because the play at borgata vs say venetian or caesars etc... there certainly wasn't that many bad players at borgata.
I'm actually in Vegas now. I will say this, if you can't play LAG, you are going to have a hard time making money from the nits. There's $ to be made raising over limp folders as well as bluffing scary boards post flop.
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Old 10-07-2018, 09:25 AM   #22438
wj294
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re: Winrates, bankrolls, and finances

Anyone who's played in multiple currencies, how do you record it in your trackers? The majority of my play is in £ but I'm playing some $ games ATM and my poker income doesnt allow for multiple currencies (not unsurprisingly)

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Old 10-07-2018, 09:30 AM   #22439
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by wj294 View Post
Anyone who's played in multiple currencies, how do you record it in your trackers? The majority of my play is in £ but I'm playing some $ games ATM and my poker income doesnt allow for multiple currencies (not unsurprisingly)

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Use a tracker that supports multiple currencies? Avoid unsupported crap like poker income?
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Old 10-07-2018, 10:00 AM   #22440
MikeStarr
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re: Winrates, bankrolls, and finances

Cant you just manually convert to dollars and enter it that way?

You're playing 50/100 in whatever currency it is.
That translates to 1/2 in American dollars.
You won 10000
Thats 100BBs
Enter at a $200 win at 1/2
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Old 10-07-2018, 10:24 AM   #22441
iraisetoomuch
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re: Winrates, bankrolls, and finances

Probably depends if you plan to keep money in the non-standard currency. If no, then record it at the going exchange rate. If yes, bite the bullet and get a new app. If no, just translate into your normal currency and call it a day.
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Old 10-07-2018, 10:25 AM   #22442
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by wj294 View Post
Anyone who's played in multiple currencies, how do you record it in your trackers? The majority of my play is in £ but I'm playing some $ games ATM and my poker income doesnt allow for multiple currencies (not unsurprisingly)

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Run good app
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Old 10-07-2018, 11:32 AM   #22443
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re: Winrates, bankrolls, and finances

Quote:
Originally Posted by PaulyJames200x View Post
Is it agreed upon here that vegas is probably the worst place to play poker for 1/2 and 1/3 and 2/5nl because its infested with lot of 2/5nl pros?


I posted this from a vegas thread about quality of game and would like if anyone has input on it.


Is it true the games in vegas are very bad now compared to say 2012? Back then when i played there for a few months, i mostly played 1/3 at wynn and caesars. The games there were damn soft at caesars. Very rarely would there be say more than 2 players who i say are competent... if they were they were tight. The wynn i recalled had quite a number of regs at 2/5 i notice and some played 1/3 as well waiting for 2/5. The players at wynn were particularly stronger than anywhere else at 1/3... but again this was back in 2012.


Are the games in vegas pretty bad now even at say 1/2 and 1/3 now? I have to imagine 2/5 is probably mostly regs during the day and at night, its probably half regs? Of course it could be bad reg as well but any reg at the table isn't good for you. The thing is it seemed like most poker pros in vegas are 2/5 pros right? Since if you check bravo, seems like very few 5/10 games if any and if so, its max 1 table.

.
For what it's worth, I can give the viewpoint of a recreational player.
I play in New England. Was in Vegas in early September for only 2nd time. Only played 1/2. I ran bad but none the less, I found the play pretty bad.
I played at the Tropicana, Golden Nugget, Excalibur, Mandalay Bay, Planet Hollywood, and MGM.
The only Poker room that had, what seemed obvious, competent regulars was MHM and Mandalay.
Games were extremely loose and passive pre flop.
Lot's of limping and over limpimg. And, when people raised, they usually raised much smaller than what I'm used to. Like ridiculous amounts like 4,5, or 6. Passive post flop play, with a few exceptions, if course.
People calling down big river bets with 1 pair hands.
Long story short, I found the quality of play, overall pretty bad.
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Old 10-07-2018, 02:40 PM   #22444
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re: Winrates, bankrolls, and finances

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You're not Penske material.

We'll just see about that... Ta-ta, Tut-tel!
lol! Great reference … I haven't seen that one in ages.
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Old 10-08-2018, 02:05 AM   #22445
daygrindmike
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Does anyone know of anyone averaging $70/hr playing strictly 1/2?

I'm curious how much money one could make at these levels if one were to exploit these stakes to the max. I'm averaging $37/hr since journaling my sessions around 100 hours ago. I know this is a tiny sample size but one day I plan on playing poker full-time indefinitely. I believe there's a good chance I already have what it takes, but I also realize I'm still swimming in the proverbial kiddie pool. Crushing 1/2 over such a tiny sample size isn't anything to boast about.

I'm top 100 in the state as a double A pool player after just 3 years of training and practice. I've won $1000s gambling in bars and poolhalls. I'm an excellent bowler (278 high score), chess player, top tri-athlete in high school, ace pitcher, starting runningback, best 3pt shooter (23 3s in a row once). Anyway all of that to say I'm naturally great at things. And the poker pro that made the list on this forum for other aspiring pros claims that part of someone's potential upside has to do with their natural ability to be good at stuff.

I haven't had any real heaters outside of cashing 5 out of 6 25p-35p live tournaments back in May. But I haven't factored any of those winnings into the $37/hr.

I'm 90% confident that through proper bankroll management I can average $30/hr, as I get the feeling I'm already the best player at whatever table I sit down at, but I'm also very introspective. Thoughts?

Last edited by daygrindmike; 10-08-2018 at 02:14 AM.
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Old 10-08-2018, 02:08 AM   #22446
6bet me
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Re: Does anyone know of anyone averaging $70/hr playing strictly 1/2?

The most you can make at LLSNL is about 10bb/hr, which is $20/hr at 1/2 live.

Anyone who's making more than that is just on a short-term heater. Variance will catch up to them eventually.

Edit: maybe $30/hr is possible at 1/2 if you bumhunt and only play at the most optimal time of day and table select well, but this would make it hard for you to get good volume in. Eventually, you'd be given a mediocre table and you'll just play it because you want more volume, which would bring down your hourly.
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Old 10-08-2018, 02:18 AM   #22447
wj294
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Re: Does anyone know of anyone averaging $70/hr playing strictly 1/2?

It all depends on the games you play in. What's achievable in a 1/2 500bb max buy in where everyone max buys is vastly different to a 100bb cap.
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Old 10-08-2018, 02:19 AM   #22448
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Re: Does anyone know of anyone averaging $70/hr playing strictly 1/2?

Quote:
Originally Posted by daygrindmike View Post
I'm curious how much money one could make at these levels if one were to exploit these stakes to the max. I'm averaging $37/hr since journaling my sessions around 100 hours ago. I know this is a tiny sample size but one day I plan on playing poker full-time indefinitely. I believe there's a good chance I already have what it takes, but I also realize I'm still swimming in the proverbial kiddie pool. Crushing 1/2 over such a tiny sample size isn't anything to boast about.

I'm top 100 in the state as a double A pool player after just 3 years of training and practice. I've won $1000s gambling in bars and poolhalls. I'm an excellent bowler (278 high score), chess player, top tri-athlete in high school, ace pitcher, starting runningback, best 3pt shooter (23 3s in a row once). Anyway all of that to say I'm naturally great at things. And the poker pro that made the list on this forum for other aspiring pros claims that part of someone's potential upside has to do with their natural ability to be good at stuff.

I haven't had any real heaters outside of cashing 5 out of 6 25p-35p live tournaments back in May. But I haven't factored any of those winnings into the $37/hr.

I'm 90% confident that through proper bankroll management I can average $30/hr, as I get the feeling I'm already the best player at whatever table I sit down at, but I'm also very introspective. Thoughts?

it sounds like with your natural talent and ability and all the success you've had in your life to date, you shouldn't waste your time at 1/2 but should get a stake (or a loan) and move up to play 5/10 and 10/25 immediately

maybe go to the staking forum and post your results as a first step?
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Old 10-08-2018, 02:25 AM   #22449
daygrindmike
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Posts: 40
Re: Does anyone know of anyone averaging $70/hr playing strictly 1/2?

I'm fairly confident I haven't been on a heater during these last 100 hours. In fact if anything I experienced a slight downswing the way I've won and lost pots. My biggest heater was turning $100 into $524 in about 90 minutes one night. I lost 6 buyins straight once, 4 buyins straight twice, and the rest of my losing sessions were $100-$200. I always buyin for $100. I've never won anything more than $650 a session, and never won a pot over $450.
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Old 10-08-2018, 02:31 AM   #22450
daygrindmike
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Join Date: Oct 2018
Posts: 40
Re: Does anyone know of anyone averaging $70/hr playing strictly 1/2?

I know I'd get crushed playing $5/$10. I have no bankroll for $2/$5. I might seem arrogant but I assure you I'm not. I have a very conservative and cautious understanding of my perceived ability as it relates to my actual ability. I compete in many different areas and I'm aware of just how easy it is to fall into the trap of thinking you're better than you really are.
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