Quote:
Originally Posted by albo gator
That is a fantastic reply mrducks. I am a former online player who moved to Vegas just recently. I know that online is far different from live play, but what kind of advice would you give to a guy just starting out with live play who wants to play the 1/2 NL cash games in Vegas?
In the answer if you could focus on what you think (and I know it depends a lot on my talent level but for safety's sake let's assume it is that I am at the very low end of what someone would describe as a shark (as opposed to a fish or average player if there were three categories)) about:
1. Bankroll requirements
2. Hourly earnings
3. Variance swings (i.e. is it likely to have a 5K or 10K downswing -- I know this is kind of incorporated in #1 but if possible discuss your worst downswings at 1/2)
4. Is there a place I can find the rake of the poker rooms in Vegas (wizard of odds . com?)
5. Finally I do like mrducks idea of playing at higher rake games to avoid the sharks and get a better fish to shark ratio. Do others agree with this? And what do you think about small off strip places like at the Stations, Coasts, South Point, etc?
THANKS IN ADVANCE FOR ANY ANSWERS!!!!
I've played 1/2 NL "recreationally" since 2007. I use quotes only because I'm not a pro in the sense that I play for a living, but I have never had a losing year at 1/2 NL. In 2010 I lived in South Florida and started keeping a spreadsheet of my earnings, and I left the state at $21/hr, and that's playing nowhere near optimal over 12 months time. So take my reply for what it's worth.
1) Bankroll requirements: at 1/2 NL I'm sorry but you don't need the standard rule of 20 buy ins. I'm currently working off a $1,000 roll and I've double that in a month while running absolutely horrendously. The players are so bad at live 1/2 NL that the variance just doesn't rear its head like it does online. While I think $1,000 is too little, I think a $2-3,000 bankroll should be plenty. Although it also depends on how you play. LAGging it up at 1/2 NL is obviously going to make for more swings. Also don't play LAG at 1/2 its nowhere near as profitable as TAG.
2) I kind of answered this but I am by no means a 1/2 NL boss and I earned just over $21/hr over a 12 month period. I can remember multiple (as in > 10) sessions where I got tilted, played tired, spewed like a lag monkey, played drunk, etc. that had I not done that I'm sure my winrate could have been in the upper 20's to lower 30's.
3) Also touched on this. Variance at live 1/2 NL is nowhere near what it is online. Not even close. I set a stop loss at $500 for myself at 1/2NL. I can count on one hand in 4 years how many times I've actually had to stop for the night due to reaching my personal stop loss. If you're seeing some sick 20 buy in downswing at live 1/2NL, you're simply not playing well.
4) I'm not much of a vegas insider so someone else will have to address this.
5) I'm not so sure I agree with this, but like I said I'm not vegas expert. I just find it hard to justify paying more money to play 1/2NL because of some theoretical increase in "shark presence". It's live 1/2NL guys. You can't be
that good if you're playing 1/2NL. If you are then you're playing higher and not wasting your time with 1/2. I just find it hard to believe that it's difficult to find good 1/2 tables in these enormous card rooms in vegas.
Just my two cents.