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Small stakes MTT player building up a WSOP roll in Sydney Small stakes MTT player building up a WSOP roll in Sydney

04-13-2016 , 01:53 AM
I figured it's a good time to update my thread as last night I binked my 4th 4-figure score. But first a bit of a recap of games played since last update:

Played a couple of my regular games, but bricked them both.

Played a short online session, but internet at my new place was bothering me so I quit early.

Played a $55 freezeout WSOP satellite with ~60 runners with a $3k package up top. Played well and I have a bunch of notes on hands for this game. If someone wants me to write them down, let me know. Ultimately I finished 4th for a measly $150, but at least I got something in what I know beforehand would be super top heavy. Was really pleased with my game and reads and played some super fun hands, but can't be arsed to write a super long update at the moment. Again, with enough encouragement I could be convinced otherwise.

Played a $150 Easter Monday game at a new venue. My table consisted of ~7 OMC's and 1 aggro kid who I had direct position on, so I was chomping at the bits to get this going. Missed some flops and chipped down a bit from 30k to 25k, but my reads are spot on with these super transparent players so all's good. Then this happens:

Blinds 150/300, 8-handed
UTG opens to 2100 (obviously JJ+, AQ+). I'm in MP with KK. I flat because raising here will just make him fold most hands that I crush, super nits that they are. Obviously I'm comfortable playing postflop IP vs. a transparent player and range.
Folds to BTN who raises to 7500. UTG thinks for a bit and calls. UTG never has AA here, BTN basically has QQ+. With 23k behind and UTGs deadish money in there I ship. BTN tanks and calls (so he must have QQ), leaving himself 20k behind... UTG calls too..

Flop QT4, pot 76k. I'm dead. I know it before they get it in on the flop. BTN shows his obvious QQ, UTG has AK and gets there. It would have so much fun to run over this table with a massive chiplead, but alas. Next time.


Last night I played the my regular $10 1R1A and managed to build a stack by letting over-aggro players rip into my nuts. One double is particular was very satisfying, since the villain was a player I detest. He talks down to people a lot, has no class and is a terrible player but thinks he's great. To me he's often super condescending while he doesn't realise I rip him a new arsehole regularly on the felt. Just completely oblivious.

I make FT with a decent stack and as always with blinds getting very big I exploit the other weaktight regs by just jamming a ton. There weren't a lot of interesting hands, but there were a lot of showdowns (all aipf):

Hands where my jams got called:
A6o > A7s
A8o > KK (villain threw his chips at me at this point)
89s < A3o
JTs > A7o
89s > A9o
AKo > 44

And where I called off:
ATo < QJs
AKo > ATo
KQs < A6o

The overall result was that I wound up with most of the chips . I get HU with one of the most competent regulars and after we get even in chips we chop it for $340 each. He doesn't want to take the winners photo and doesn't care about the leaderboard points, so I can have the "official" first place.

He leaves and a couple minutes later the TD realizes that he hasn't drawn a bounty yet. Usually this happens in the first break, but when he forgets he does it afterwards. The RNG picks a name out of all players (40 in this case) and if the winner gets drawn he gets the bounty pool. While I'm standing there some names flash by in the software and finishes with a very familiar one. My own.

This puts me in a tricky spot, because we made the deal and I got "first" place while not knowing the bounty was still to be drawn. Do I give some of this money (pool is $1500) to the other reg? I don't think (and I have pondered on this a lot last night) there is a right solution here. Cases can be made for $750 (half), $0 (I'm not to blame for this situation), or $20 (missed equity: 1/2 * 1/40 * $1500). In the past I've made deals HU where if one of us wins the bounty the other get $X amount, around $300. I think that's most fair. Really interested on thoughts on this.



Online bankroll: US $1295
Live bankroll: AU $11895
Small stakes MTT player building up a WSOP roll in Sydney Quote
04-13-2016 , 02:06 AM
Your discipline is crazyyyyyyy! And I really respect it!
Playing a $10 1R1A with a 12k roll would totally crush me, but you're disciplined to print money in these high ROI games!

Respect to you for your hard work mate! Good luck for the rest of the time building!


Sent from my iPhone using Tapatalk
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04-13-2016 , 05:11 AM
Quote:
Originally Posted by Flopp3dIt
Your discipline is crazyyyyyyy! And I really respect it!
Playing a $10 1R1A with a 12k roll would totally crush me, but you're disciplined to print money in these high ROI games!

Respect to you for your hard work mate! Good luck for the rest of the time building!
Haha, thanks! At the moment I play these smaller games to have a good time, improve my live poker and win money, in that order. I'm pretty much set for my Vegas plans anyhow. Still, $25 hourly is nothing to sniff at and a $1.5k+ score is still possible with these bounty pools in play.

But most importantly, I play for the Omaha flips we do in the breaks so I can slowroll the **** out of some nerds
Small stakes MTT player building up a WSOP roll in Sydney Quote
04-19-2016 , 07:38 PM
Quote:
Originally Posted by KoolCaliban
This puts me in a tricky spot, because we made the deal and I got "first" place while not knowing the bounty was still to be drawn. Do I give some of this money (pool is $1500) to the other reg? I don't think (and I have pondered on this a lot last night) there is a right solution here. Cases can be made for $750 (half), $0 (I'm not to blame for this situation), or $20 (missed equity: 1/2 * 1/40 * $1500). In the past I've made deals HU where if one of us wins the bounty the other get $X amount, around $300. I think that's most fair. Really interested on thoughts on this.
Last night I gave the other reg $300. He didn't agree and thought that he should've gotten $750. Again, I understand his position, but both my amount and his are based on scenarios that didn't happen. At the end of the day I think the equity missed of not getting a shot at the (triple) bounty draw (1/2 * (1/40 + 1/39 + 1/38) * $1500 = $58) due to TD forgetting to mention it, is what he's owed. Of course this is regardless of whether I win the bounty or not.
He kind of brushed this off, but didn't give me too much **** and accepted the money in the end.
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-01-2016 , 11:59 AM
Quote:
Originally Posted by KoolCaliban
Last night I gave the other reg $300. He didn't agree and thought that he should've gotten $750. Again, I understand his position, but both my amount and his are based on scenarios that didn't happen. At the end of the day I think the equity missed of not getting a shot at the (triple) bounty draw (1/2 * (1/40 + 1/39 + 1/38) * $1500 = $58) due to TD forgetting to mention it, is what he's owed. Of course this is regardless of whether I win the bounty or not.
He kind of brushed this off, but didn't give me too much **** and accepted the money in the end.
Ur legally not bounded to give any of it, and you gave it as a token of good gesture and that's plenty enough.
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-05-2016 , 03:19 AM
Quote:
Originally Posted by NL Loki
Ur legally not bounded to give any of it, and you gave it as a token of good gesture and that's plenty enough.
Yeah, I realize that I don't owe him anything necessarily. I just wanted to do the 'right' thing, which I found surprisingly hard to distil. Obviously I'm super biased in this situation, which meant I was second-guessing myself all the time. In the end a lot of people agreed with my decision, which helps a bit, but I want to be able to live with my decision. It was an interesting and sort of 'fun' position to be in.
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05-05-2016 , 05:17 AM
I just got back from a work-trip/holiday in Hawaii. It was pretty ****ing great, got some great data and did some beautiful hikes and grear snorkelling.
Now it's one more month until Vegas! I've sorted out my accommodation, and since I'll be going to Chile afterwards for work I can book cheaply through work. This means my budget for WSOP is actually ~$8k, which honestly is more than I feel comfortable with losing. I'll probably play around $3k worth of buyins. Depending on early results this might increase to ~$5k. Either way I should have plenty of bankroll to continue playing here in Sydney afterwards.

This upcoming month I'll try to get a few $25 abi online sessions in to have some more USD for the trip. Let's hope my 1.5 yr heater keeps up for one more month!
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05-05-2016 , 05:56 AM
What are your dates for Vegas?
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-05-2016 , 06:04 AM
Quote:
Originally Posted by feel wrath
What are your dates for Vegas?
We arrive on 2nd of June which should give me 2 bullets for the Colossus. The league team leaves a week later, with some guys going to San Fransisco for a few days. I have to be in Chile for my observing run on the 15th, so I'll either join them for SF or stick around in Vegas if I really feel like it.

What about you, are you going?
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05-07-2016 , 04:31 AM
Played a decent online session today, figured BRM should be based on my total roll instead of just what I have online. I don't really feel like wasting time on grinding $5 games, go "big" or go home now. ABI was around $15. I had runs in B16.5, B27 and 22BB but nothing really panned out.
FT bubbled a $7.5 sat to a SCOOP $215 ticket with 4 places paid for CL pot where I got snapped after shoving A9 over the chipleaders weak c-bet on T93r. His AQ got there somehow

I'll try again next weekend.


Online bankroll: US $1210
Live bankroll: AU $11794
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05-07-2016 , 05:12 AM
GL with scoop! Always enjoy reading those liveament reports
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-08-2016 , 03:38 AM
Quote:
Originally Posted by LOLCh1pPorn
GL with scoop! Always enjoy reading those liveament reports
Cheers mate, gl to you too. Enjoying your PGC. Btw, are you sold out for scoop? I might be interested in a 1% for the sweat. Unfortunately Australia day time is the nut low for scoop, and I can't really afford to grind nights because I have too much PhD work to do during the day. Hell, even well rested writing a paper is difficult enough. I hope I can play some events in the weekend, if I can make myself get up early for the "late night" ones.


Also, any Aussies in here that can give me some pointers on the US tax situation? As far as I know there is no tax treaty with the US and Australia, which means I'd have to pay the US 30% on any potential winnings right? Any documents I need to prep beforehand?
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05-08-2016 , 05:23 AM
Am sold out man, but thanks for the offer!

Best of luck if you're playing today
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-08-2016 , 05:49 AM
Quote:
Originally Posted by KoolCaliban
We arrive on 2nd of June which should give me 2 bullets for the Colossus. The league team leaves a week later, with some guys going to San Fransisco for a few days. I have to be in Chile for my observing run on the 15th, so I'll either join them for SF or stick around in Vegas if I really feel like it.

What about you, are you going?


9th to 17th. Playing Milly and then maybe the 1k of i don't make day 2 and a 2k on the 15th
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-08-2016 , 05:55 AM
Quote:
Originally Posted by KoolCaliban
Cheers mate, gl to you too. Enjoying your PGC. Btw, are you sold out for scoop? I might be interested in a 1% for the sweat. Unfortunately Australia day time is the nut low for scoop, and I can't really afford to grind nights because I have too much PhD work to do during the day. Hell, even well rested writing a paper is difficult enough. I hope I can play some events in the weekend, if I can make myself get up early for the "late night" ones.





Also, any Aussies in here that can give me some pointers on the US tax situation? As far as I know there is no tax treaty with the US and Australia, which means I'd have to pay the US 30% on any potential winnings right? Any documents I need to prep beforehand?


I think they withhold 30% over 8k or 10k or something? (I've won 4.9 and not had any withheld). But you can employ an accountant you'll get the rest back but it'll take 6-12 months.

Only other thing is to get a Total Rewards card because you'll need it to buy in to events at Rio and then take passport with you when you buy in at the cage because you now need it for ID
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05-08-2016 , 06:06 AM
They will withhold 30% on any cashes that have a net profit of 5k or more. Eg play a 1k and win $5,999, your fine. Win $6,001 and you'll lose 30%. Play a 10k though and a mincash will always get 30% withheld cause it's always more than $15,000. It's a really ****ty situation, I just recently had to skip going for a full series over there because of this, I'm Australian too. It's probably okay if your playing smaller stakes tournaments though because there's a bigger gap between the buy in and the 5k net profit point. GL

Edit: Oh and the whole getting it back through an accountant thing is quite a hassle. You basically have to become a 'professional gambler' in the eyes of the government and that would actually allow you to get some money back on expenses like travel and accom as far as I know. But the efforts of doing all that and paying tax on winnings and lodging tax returns etc just seems like way too much effort for what it is. Best way is if you have dual citizen ship with another country that DOES have tax treaty with the US. Then you just use that passport as you claim winnings.
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05-08-2016 , 07:52 AM
Guy in my room has had two big results over there in ME - the second one took him 18 months to get the $$ back after first took less than 6
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05-10-2016 , 11:49 PM
Quote:
Originally Posted by feel wrath
I think they withhold 30% over 8k or 10k or something? (I've won 4.9 and not had any withheld). But you can employ an accountant you'll get the rest back but it'll take 6-12 months.

Only other thing is to get a Total Rewards card because you'll need it to buy in to events at Rio and then take passport with you when you buy in at the cage because you now need it for ID
Quote:
Originally Posted by straykatbluz
They will withhold 30% on any cashes that have a net profit of 5k or more. Eg play a 1k and win $5,999, your fine. Win $6,001 and you'll lose 30%. Play a 10k though and a mincash will always get 30% withheld cause it's always more than $15,000. It's a really ****ty situation, I just recently had to skip going for a full series over there because of this, I'm Australian too. It's probably okay if your playing smaller stakes tournaments though because there's a bigger gap between the buy in and the 5k net profit point. GL

Edit: Oh and the whole getting it back through an accountant thing is quite a hassle. You basically have to become a 'professional gambler' in the eyes of the government and that would actually allow you to get some money back on expenses like travel and accom as far as I know. But the efforts of doing all that and paying tax on winnings and lodging tax returns etc just seems like way too much effort for what it is. Best way is if you have dual citizen ship with another country that DOES have tax treaty with the US. Then you just use that passport as you claim winnings.
Solid info guys, thanks a lot. My home country has a tax treaty with the US, so I'll try to leverage that.


In other news, I just booked my ticket, from the 2nd until 11th of June! The guys from the team who are staying a few days longer will go to LA instead of San Francisco. Upon realising that joining them for this would give me only 5 playing days in Vegas, I'm considering staying in Vegas until the 11th. Five days including a trip to the Grand Canyon doesn't sound like enough time. Now I just have to figure out a cheap place to stay for the last three nights since I can't afford my own room at the hotel we're staying at. Any tips?

Also, I played my regular $22 game last night. Finished 5th for $50, poker was zzzz but the table banter was hilarious, other regs stealing each others phones and trolling their Tinder among other things . This Saturday there is a great $250 game running, but I reaalllyy feel like playing online instead, despite not having any Series tournaments running during Oz day time.
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05-11-2016 , 03:59 AM
Where is the $250 game. Need to get back into tourney mode. I get to Vegas in July so won't see you but GL.
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05-11-2016 , 06:12 AM
It's a $150+$100 at Pittwater RSL. $40k gtd or something silly. It's almost a crime not playing it, but with everyone on here going scoop-mad, I want to mash buttons too!
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05-11-2016 , 06:34 AM
That rake is kinda high
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-11-2016 , 06:45 AM
$150 buyin and $100 "lifeline", like a single reentry I think.
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05-12-2016 , 01:25 AM
Just made an overview of all tournaments between $100 and $600 running at Rio, Venetian, Planet Hollywood and Golden Nugget during the week that I'm in Vegas. So many it's insane. I'm mostly excited about:

$565 Colossus at Rio
$350 Goliath Stack at Planet Hollywood
$600 Goliath Million at Planet Hollywood
$600 Multiday at Venetian
$300 Almost Goliath Stack at Planet Hollywod

I'm contemplating selling some %, but I have no idea how much I actually will play. Right now I want to play two events per day, but that's probably nor realistic.

Tips about venues, where to/not to play?
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05-12-2016 , 06:44 AM
What about the daily deepstacks at the Rio?. $230 and $150 or whatever they are.
Small stakes MTT player building up a WSOP roll in Sydney Quote
05-13-2016 , 08:43 AM
Quote:
Originally Posted by <"))))><
What about the daily deepstacks at the Rio?. $230 and $150 or whatever they are.
Yeah, for sure I'll play a couple of those. Read that they get $30k up top, that's just crazy. That must mean 1000+ player fields for a $235 game, does that sound right?
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