Can you make a living playing 2/5 at crown Melbourne?

$15,000 bankroll. Is 1/3 1/2 even beatable?

Thinking about just starting at 2/5 in Melbourne.

Yeah 100% agreed with everything mate. Like your analysis on the last hand a lot.

Almost certainly if your expenses aren't crazy large.

just a cheap room to sleep in and basic foods.
nothing fancy.

does the poker room run for 24/7?

Yeah ez. The room does run 24/7 and Melbourne would easily be the best place in the country to play 2/5 full time. 2/3 in Sydney is possibly too small but Melbourne definitely. Which is why I want to move there asap.

Daily Update - Thurs 7/12

Hours Played: 5.5
Profit: $1,430

What a day! Ran extremely pure tonight, except for one hand as shown below as hand 2.

H1:

Very first hand of the night, $500 eff.
Very loose player opens BTN $15, hero defends BB w/ A2o.
Flop: 752dd
Hero xc $20
Turn: 2o
Hero check, villain $60, hero $175, villain calls.
River: Tddd
Hero jams $300, villain calls and MHIG

H2:

Vs same villain except $1.2k deep.
Villain opens $15 MP, hero 3! JJ to $50 in CO, villain calls
Flop: QQ8hh
xx
Turn: 5o
Villain bets $100, we call.
River: 7o
Villain bets $225, hero calls and we lose to KQss.
Kinda sucky spot tbh because villain will be opening EXTREMELY wide and almost never folding to the 3bet pre. And on the river it really doesn't feel like he's bluffing but vs this guy there's just no way in the world we can be folding imo.

H3:

Just that A4dd hand I posted earlier where I flopped the nuts. Wondering whether we just raise flop or call.

Results: https://1drv.ms/x/s!AkK4doh8PHLEgk6pBpFJrgcokPKM

Weekly Update - 1/12-7/12

Hours Played: 35.69
Profit: $5,708

Bitter sweet week poker-wise this one. The sweet: we managed to pull ourselves tf out of this downswing and post a good win approaching Christmas. The sour: didn't quite stick to my schedule. I wanted 40 hours of volume at the casino this week and it didn't happen. I missed 5 hours AND I played tonight's session at EMP - I'm glad I did though, was the softest game I've played in for a loooooooooong time.

Volume needs to be better in future and we simply need to stick to it. It's easy to get slack when there's plenty of social events going on and whatnot. But like I went out Saturday night and literally slept for 24 hours. Like I woke up at 5-6pm on Sunday, decided I didn't feel like being productive and just went back to bed. This is woeful. So for next week we'll definitely be looking to set some goals and stick to them.

Crypto

I do have to post a separate update for this this week because it's simply bonkers at the moment. Bitcoin is up well over 30% today. When I went to bed last night 1 Bitcoin was US$12.3k. 24 hours later we're looking at $19.7k and it's still going straight up. This is absolutely unheard of and it's honestly a little unsettling. So I now have a AUD$26k asset currently. My Ledger S Nano hardware wallet arrived yesterday and I set that up. Now I just need to figure out how long I want to hold onto this for. I THINK I'll definitely hang onto it for the time being, maybe reevaluate around January before Aussie Millions and then again in May.



Absolutely mental stuff.

Goals for Forthcoming Week

So no real events this coming week. Last week before I have parties etc, the calm before the storm if you like. That means we should look to get some good volume in. I have lunch with Dad on Tuesday and breakfast with a girlie on Thursday, so that may slow things down a little bit but we'll see.

Friday - 8-10 Hours
Saturday - 8-10 Hours
Sunday - 6-8 Hours
Monday - Off
Tuesday - 6-8 Hours/Off
Wednesday - 6-8 Hours/Off
Thursday - 8 Hours

Should hopefully leave us with 40 or so hours of volume for the coming week which will be nice before we lose a ton of volume for the rest of the month. So main goal this week is 40+ hours volume. Also need to not slack on gym. We've lost a ton of weight of late which I THINK is good? Still bodyfat percentage slightly too high for my liking. Also don't want to spend too much money this week if I can avoid it. So one more solid week of volume and discipline and we'll be onto the home stretch for the year!

bro....what even is going on with BTC rn, lol

Bubbles gonna bubble

Ive done a lot of trading in my day. Stocks...options..all of it. I dont know anything about Bitcoin at all but I do know a trading mania when I see one. When stories about something are all over CNBC, you hear people at the grocery store talking about it, and soccer moms are getting in....its time to get out.

"Be greedy when others are fearful and be fearful when others are greedy"...Warren Buffet

IMO the current parabolic move in Bitcoin is being caused by the CBOE announcing that they will start allowing trading of futures on Bitcoin, which semi legitimizes Bitcoin.

But here's the thing. Once futures trading opens, the institutional investors are going to be making very large bets on Bitcoin which they cant do right now. There is just no way the big boys are going to be anything but short term bearish on Bitcoin and IMO, its going to implode very shortly when the hedge funds and mutual funds make their bets.

This is going to end badly. Bitcoin has already dropped ~80% like 5 times in the recent past and I see another 80% drop coming very very soon. At that point I will probably buy some with 2-3% of my portfolio. Right now I wouldnt touch it with my worst enemies money.

Heheh it's all very exciting.

If you bought it early on, around $3k or so, yeah why not let it ride. You have pretty much just profit to lose.

If you bought it at $9k, I'd snap sell and be happy with a double of your money. Everyone thinks it's going to continue growing, but it's recent growth is just unnatural and purely based on speculation. There's going to be a bubble burst, and it's almost always after a major spike.

Got in at 4-6k USD so either way not too fussed.

Sooo this just happened:
$750 effective...
Utg posts (and mucks?) Hero limps 66 next to act 4-5 more limpers.
Flop 799cc
Checks around
Turn 6o
Hero checks, someone bets $20, next guy raises $40, folds to me I raise to $140, folds to raiser he calls
River 6ccc
I jam $490 villain snapcalls and we lose to 85cc.

American guy at the table says, "Back home in Philly we'd be chopping up $400k now boys".

Classic.

ow extra ow with no bbj...times like this just gotta be happy you weren't deeper

lol ask him if he knows me

quad 6666 is actually the min-qualifier for the bbj in my main casino

**** hahah yeah he's definitely a rec player. Such a needle :') But yeah, although 750$ is fairly deep for this game, could have been much worse! What card room you play at again? I'll ask if he plays at the same one...

I asked and he said he plays a bit at Parx or Parks? However TF you say it. Think that's your room iirc? He lives in Jersey though but plays there..

haha awesome. I'm sure I've seen him around then whoever it is

Not to rub it in Meale, but Casino Montreal and a room in Detroit both have Bad Beat jackpots over $1 million right now.

I once flopped quad 6s and lost to runner runner straight flush on Party Poker. When the chips slid to him on the screen I was like WTF just happened?

Yeah African American dude wearing a Brooklyn Nets jersey. Black cap and black ring.

Lmao fml. I've lost KKKK vs a royal online before. She's pretty brutal.

Daily Update - Friday 8/12

Hours Played: 7.3
Profit: $134

Ran fairly pure early on in tonight's session, running my way up to a $1.3k stack before getting ownt 6666 < 56789ccccc for a $1.5k pot. Then nothing much happened thereafter. Frustrating to know that had I been in most(?) casinos in the world, I could have won some decent dosh from a BBJ. All the more reason to gtfo of Brisbane tbh!

I've also been thinking a lot lately about what my next move financially should be with regard to crypto. I definitely want to gtfo Brisbane ASAP because it's one of the worst places to play poker professionally. My best option is Melbourne.

I DO want to play 5/10 fulltime and ideally I'd be doing that as soon as I moved to Melbourne. I'll definitely be in Brisbane for the rest of December and then prob visiting Melb in January for an Aussie Millions trip - I'm hoping that experience confirms my desire to move down there and play full time.

After I get back to Brisbane in late Jan, I'll have a decision to make. I could either stay in Brissy for a bit, grind up a bigger bankroll, and move to Melbourne later next year ORR, assuming I don't lose a chunk of cash in my Jan trip, get back to Brissy, pack my things, and head on down around Feb.

Best case scenario IMO is that I move there in Feb and don't have to wait til May. The longer I spend in Brisbane, the more EV I miss out on I think. The only thing that will determine whether I'm able to go in Feb is bankroll.

Bankroll-wise, I want at least $30k as a compartmentalised 5/10 bankroll if I'm to play that game fulltime. So 30 buyins. I'd also like $15k as a liferoll which should cover living expenses for a bit if we snap doomswitch again. So I'm looking at $45k basically. I COULD go with less and just shot take 5/10 while playing mostly 5/5 but I'd rather jump straight up to 5/10 ASAP.

Basically, come January, I'll have to decide what to do with my BTC. I'm praying she doesn't bubble before then because that'd mean I definitely can't get to Melbourne before May. If BTC is around 20-25k AUD come January, AND I breakeven or win money during Aussie Millions, assuming I don't go on a cash downer between now and then, I will have enough $ to make the plunge... At that point in time, I'd need to decide whether to hang onto the BTC or sell off. I'd be pretty gutted if BTC got to $100k or something in the next couple years and I sold at 20-30k, but at the same time, would be pretty gutted if I got to Melbourne, kept such a large amount of networth in BTC, ran bad at 5/10, and bubble burst - I'd pretty much be busto.

I've received advices to hedge my bets a little re the BTC, sell some and keep some. That's probably the smartest bet - but I worked so hard to get to 1 full BTC that owning even 0.5BTC just seems so psychologically tilting lol. Idk, it's stupid. But with sooooo much volatility and FUD going around re recent BTC growth rates, it has become quite unsettling since that asset has become the majority of my networth.

I guess my plan atm is to just hold til January/Aussie Millions, enjoy my December partying with friends (it might be my last year in Brisbane) and then head to Melbourne, hopefully win some money, come home and then make some very serious financial/life decisions. Pray for OP that BTC holds til then!

I think bitcoin has more room to grow, but MikeStarr's advice seems good.

I got in at ~3600 with just poker profit so it's whatever to me. If it goes up a lot (40k+) I'll basically be able to retire in my 50s no matter what. If it doesn't, well that sucks.

Yeah, ideally I'd like to just keep it as long as possible. But if it means I can expedite the process of getting to Melbourne, then that's prob a decent enough reason to get rid of it. Hopefully I can win some money at Aussie millions and I won't have to sell it!

If you are an engineer and can beat $200NL for >6bb/100 and you have a financial advisor 1/4 as good as me, you should be able to retire in your mid to late 40s, depending how long we have before AI kills online for good.

This isnt a dig or a humble brag, I've just tried hard to instill in young people's brains how important it is to build wealth early. Those that have discovered poker as passive side income have such immense opportunity compared to everyone else., crypto or no crypto.

I really do take my hat off to those guys who can grind their 9-5 and then sit in a casino for hours thereafter. In most cases it's just degenerates but cool for those who can supplement their income with poker if they're winning.

As for young people, well poker seems to be a young persons game ATM. I consider myself extremely lucky to have found poker and crypto. I'm by no means "well off" financially, but legit all my friends my age ~21-22 are dead ass broke uni students grinding part time jobs. They won't be in any position to work on their net worth for a while with uni fees and entry level salaries as well. So im pretty stoked to be where im at rn!

Depends on how many kids I have, but probably not mid 40s no matter what.