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Building your bankroll Limit vs. No limit holdem. Building your bankroll Limit vs. No limit holdem.

01-29-2010 , 10:22 PM
Quote:
Originally Posted by Taps
Could limit holdem be a better way to build a bankroll than no-limit? I love no limit, but the swings and suck outs can be brutal.
youll have bigger swings and more frequent suckouts in lhe than nlhe.
Building your bankroll Limit vs. No limit holdem. Quote
01-29-2010 , 10:24 PM
Quote:
Originally Posted by Dynasty
Variance is bigger in limit than no-limit.
You know, its funny... i believe i got into a longish argument about just this on the (i think) math forum.... and they're all convinced that the opposite is true.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 12:46 AM
to the OP: I would really advise playing some micro tables online first. Limit hold'em is an exceedingly complex game, just like its cousin. Log a huge amount of hands and see how you handle it. That said, once you've decided you're a winner, it's just a matter of playing. The swings can be brutal, and the inability to get all of your money (and more) back on a single hand can be very frustrating. If you have not embraced patience, or if you are prone to tilting, I wouldn't recommend LHE at all.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 05:07 AM
My bankroll is approximately 7k. I have other sources of income, I would just like to make poker my full time job. I think within the what is the best way to build a bankroll approach, I mean that I'm trying to figure out which game and @ what stakes are where I should be playing. Lets face it, 20 to 40 buy-ins @ $2/3 and $3/$5 NL are rediculous. Its poke, poke all in poker. Tonight I played 8/16 with a kill @ commerce and averaged $20 an hour over a ten hour session and I should of done better but made several mistakes. Funny how commerce will let you buy in for any amount @ limit but not NL unless its $5/10 or bigger. Think I'm just a little nervous about taking a shot @ the big NL game buts that where I want to be. I want to make at least $300 a day semi-consistenly.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 05:09 AM
Mistakes in NL can cost you whole stack. Mistakes @ Limit cost you several bets.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 05:13 AM
I don't mind the suck outs so much as I feel that the sturcture of the small stakes encourages a form of all in non strategic poker. In limit you don't get shut out as much. You can actually play a hand.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 06:21 AM
Quote:
Originally Posted by Taps
Tonight I played 8/16 with a kill @ commerce and averaged $20 an hour over a ten hour session and I should of done better but made several mistakes. Funny how commerce will let you buy in for any amount @ limit but not NL unless its $5/10 or bigger. Think I'm just a little nervous about taking a shot @ the big NL game buts that where I want to be. I want to make at least $300 a day semi-consistenly.
I'm not trying to put you off, but you need to be aware how little your result over 10 hours actually means, and how variable your income at it is likely to be.

It depends vastly on how your table plays, but over 10 hours you could easily see swings of $500-$1000 on a table like that through no fault of your own because of suck-outs and missed draws. Winning $200 in a session pretty well proves nothing - you could just as easily have been a losing player who was running hot.

Plus, even if $20/hour is your real run rate (which is plausible I guess), your income won't come in as a nice steady $200 a day, it will be: win $300, lose $400, win $100, win $700, lose $200, win $400 etc.

Finally, I'm guessing not many newbies will be sitting in 8-16 full kill game. Sitting in the game, were you able to spot the weak players? If not, why do you think you have an edge against them? Or were they sitting there thinking "I hope this new guy comes back tomorrow?"

Again, not trying to put you off, just making sure you've thought this through.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 12:33 PM
Quote:
Originally Posted by chubby checker

Finally, I'm guessing not many newbies will be sitting in 8-16 full kill game.
bad guess... 8-16 is like the border between sslhe and mslhe... the quality is better than 3-6 and 4-8.... but the difference is not very dramatic. not all the terrible players are noobs -- in fact most are just bad recreational regs... but even someone with a rudimentary skill set should be able to beat most games at this level.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 12:45 PM
Quote:
Originally Posted by Taps
I don't mind the suck outs so much as I feel that the sturcture of the small stakes encourages a form of all in non strategic poker. In limit you don't get shut out as much. You can actually play a hand.
I would continue my approach of suggesting that a poker professional is one who is able to adapt to whatever circumstance the game offers and make adjustments and make a profit.

I agree that capped buy-ins, especially capped buy-ins in the 30BB range ($100 NL with $2/$3 blinds) leads to a lot of all-in on the flop (if not before) sort of play.

If your poker bankroll is >$7,000 you are close to being appropriately rolled for the $20/$40 at Commerce and are definitely appropriately rolled for $8/$16 even with the kill.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 02:51 PM
Quote:
Originally Posted by Taps
I would just like to make poker my full time job... Funny how commerce will let you buy in for any amount @ limit but not NL unless its $5/10 or bigger.
These two statements do not mesh. Little bit of advice, don't go pro. If you don't understand why there are capped buyins at NL but not at limit, then there's no way on earth you are going to be a successful professional poker player.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 04:02 PM
Quote:
Originally Posted by KreellKeiser
If you don't understand why there are capped buyins at NL but not at limit, then there's no way on earth you are going to be a successful professional poker player.
+1
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 04:15 PM
Quote:
Originally Posted by KreellKeiser
These two statements do not mesh. Little bit of advice, don't go pro. If you don't understand why there are capped buyins at NL but not at limit, then there's no way on earth you are going to be a successful professional poker player.
sure theres a way. read study and learn.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 04:16 PM
They cap it to protect the bad players so they can keep coming back.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 04:18 PM
Quote:
Originally Posted by Taps
They cap it to protect the bad players so they can keep coming back.
this... if you want to play deep, go to vegas.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 04:25 PM
Yes, I think I want to play deep NL or not at all.
Building your bankroll Limit vs. No limit holdem. Quote
01-30-2010 , 05:53 PM
Quote:
Originally Posted by chubby checker
I'm not trying to put you off, but you need to be aware how little your result over 10 hours actually means, and how variable your income at it is likely to be.

It depends vastly on how your table plays, but over 10 hours you could easily see swings of $500-$1000 on a table like that through no fault of your own because of suck-outs and missed draws. Winning $200 in a session pretty well proves nothing - you could just as easily have been a losing player who was running hot.

Plus, even if $20/hour is your real run rate (which is plausible I guess), your income won't come in as a nice steady $200 a day, it will be: win $300, lose $400, win $100, win $700, lose $200, win $400 etc.

Finally, I'm guessing not many newbies will be sitting in 8-16 full kill game. Sitting in the game, were you able to spot the weak players? If not, why do you think you have an edge against them? Or were they sitting there thinking "I hope this new guy comes back tomorrow?"

Again, not trying to put you off, just making sure you've thought this through.
I agree !!!

Quote:
Originally Posted by Taps
I've only been trying to play full time now for about 4 months. .
Just wondering how long you played before the last 4 months ???? Or have you only been playen for the 4 months????

I build my bankroll by just grinding away at 4/8 Limit and 1/2 NL and then moved up stake by stake while being Honest with myself and my Bankroll !!!

I do not think you can just play for like 200-500 hrs and think your ready for 20/40 Limit or 2/5 NL..... I also, Beleive the Variance is just higher in Limit than NL ! I guess everyone has an opinion on this but I can only speak from my experance! When I'm running bad and card dead you'll find me playen NL and waiting out the strom.... I find myself saving alot in blinds while playen NL !!!
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 07:20 AM
Quote:
Originally Posted by AlanBostick
It depends. If you are playing low limits, playing poker is a terrible way to build a bankroll, even for a good player. (Example: In a $3-$6 limit hold'em with a $5 drop, a player has to overcome a 8.3BB/100 handicap just to break even.) Getting a roll with which to play and getting good at playing are two separate problems. While two problems can sometimes have the same solution, this is not the general case.
Posting here instead of making a new topic:

Is the 8.3BB/100 including 0 tips to the dealer?

Was hoping to build a bankroll playing $3/6 Limit $5 drop. Is it really still that bad if you find a table with 2-3 mega fish? Or one person you can get a good read on?
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 08:27 AM
Quote:
Originally Posted by Searix
Posting here instead of making a new topic:

Is the 8.3BB/100 including 0 tips to the dealer?

Was hoping to build a bankroll playing $3/6 Limit $5 drop. Is it really still that bad if you find a table with 2-3 mega fish? Or one person you can get a good read on?

In my experience a good player can beat 3/6 limit with $5 rake for $5-10/hr.
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 11:57 AM
Quote:
Originally Posted by senjitsu
bad guess... 8-16 is like the border between sslhe and mslhe... the quality is better than 3-6 and 4-8.... but the difference is not very dramatic. not all the terrible players are noobs -- in fact most are just bad recreational regs... but even someone with a rudimentary skill set should be able to beat most games at this level.
QFT

The difference in player skills between 4/8 and 8/16 isn't even worth mentioning unless there is a 20/40+ reg at the table waiting for his/her game to go. Other than that, its safe to assume that 8/16 players are bad until they prove you wrong.
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 11:59 AM
Quote:
Originally Posted by Searix
Is the 8.3BB/100 including 0 tips to the dealer?
Looks that way. He's assuming you win 1/10 hands, at full rake. So that's $50 per 100 hands paid in rake. That's 8.3BB/100. If you factor in $1 tip on every won pot, that goes up to 10BB/100.
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 02:25 PM
Quote:
Originally Posted by Searix
Was hoping to build a bankroll playing $3/6 Limit $5 drop. Is it really still that bad if you find a table with 2-3 mega fish? Or one person you can get a good read on?
These questions are probably better asked in the SSLHE forum.

My opinion is that you can very well build a bankroll playing 3/6 LHE, but that it'd be faster to bring a sandwich to work every day and save the $5 you would have spent on lunch. Getting a part-time job will pay more with less variance than what you can win from most 3/6 games.

Also, my opinion is that unlike NL, it's much better to have 9 semi-fish at a 3/6 table than to have 6 competent players and 3 total fish. You're almost never going to isolate weak players at these stakes.
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 02:56 PM
Quote:
Originally Posted by senjitsu
bad guess... 8-16 is like the border between sslhe and mslhe... the quality is better than 3-6 and 4-8.... but the difference is not very dramatic. not all the terrible players are noobs -- in fact most are just bad recreational regs... but even someone with a rudimentary skill set should be able to beat most games at this level.
I play both 4-8 kill and 8-16 kill at Commerce. My general view is that the play at 8-16 is considerably better. I would guess that on the typical hand of 4-8 kill, 5-6 people see the flop. At 8-16, I would guess it's more like 3-4. That alone indicates a more selective set of hands that people are playing. I find it a bit easier to get reads on players at 8-16, whereas at 4-8, you often have no idea what people are capable of playing.

I think Bobby Baldwin, in the limit hold 'em section of Super System, said that at some games, all you can really do is show the best hand. I think that goes for 4-8 most of the time. I don't find this to often be the case in 8-16.

Finally, in the last six months, my hourly BB rate at 4-8 kill is MORE than twice as high as my hourly at 8-16. (3.4 vs. 1.1). Not enough to really mean much, but seems to be consisten(ish) with my experience over the last 5 years or so as well.

My two cents...
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 02:58 PM
Pokerstars NL2 is the way to go.
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 03:15 PM
Quote:
Originally Posted by senjitsu
this... if you want to play deep, go to vegas.
Or play higher
Building your bankroll Limit vs. No limit holdem. Quote
02-24-2010 , 04:02 PM
Quote:
Originally Posted by callipygian
These questions are probably better asked in the SSLHE forum.

My opinion is that you can very well build a bankroll playing 3/6 LHE, but that it'd be faster to bring a sandwich to work every day and save the $5 you would have spent on lunch. Getting a part-time job will pay more with less variance than what you can win from most 3/6 games.

Also, my opinion is that unlike NL, it's much better to have 9 semi-fish at a 3/6 table than to have 6 competent players and 3 total fish. You're almost never going to isolate weak players at these stakes.
I also have the added bonus of working a soul-killing job. But 3/6 is the only limit game where i play
Building your bankroll Limit vs. No limit holdem. Quote

      
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