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Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Ever wonder about a high stakes player's bankroll? Eric Liu has the answer

02-02-2009 , 07:51 PM
"From December to around April of this year, I was playing $200-$400 pot-limit Omaha as my main game. I won a lot of money in those games, but then I went on a massive downswing. I lost about $1.3 million in two weeks, which really shocked me. That was about a third of my roll at the time."
http://www.cardplayer.com/author/article/all/250/14477

If an average high stakes player like Eric Liu built up a $4 million bankroll by 2007, what would a genius like Durrrr have won? He was around since 2004 playing high stakes. So stop worrying about a $3 million downswing destroying his roll. Smoke weed like Phelps and calm down about durrrr

GL in that challenge durrrr. Lose to Patrik and destroy all others.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 07:57 PM
nice post....
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 07:58 PM
also


Quote:
One time, when I was going through that massive downswing in $200-$400 pot-limit Omaha, I went to Phil Galfond and said, "Phil, here's my account. Change my password and don't let me access it for a week."
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 08:02 PM
I went on a pretty big downswing, playing $2-$4. I had to drop down to 50¢-$1, but then I won the PartyPoker bad-beat jackpot.

EL: It was for $107,000. I lost with quad eights to quad queens. I checked my account and it went from $6,000 to $113,000. After that, I jumped into the $5-$10 games, and in like a week, I started beating them. I guess the rest is history.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 08:31 PM
That was a good CP article. I really like what he is talking about with the community service type of thing. Ive been wanting to get into that too but just dont know where to start.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 08:34 PM
Wow, i thought those BBJ were rigged...guess not
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 08:51 PM
Quote:
Originally Posted by jigglypuffz
I went on a pretty big downswing, playing $2-$4. I had to drop down to 50¢-$1, but then I won the PartyPoker bad-beat jackpot.

EL: It was for $107,000. I lost with quad eights to quad queens. I checked my account and it went from $6,000 to $113,000. After that, I jumped into the $5-$10 games, and in like a week, I started beating them. I guess the rest is history.
No joke? Well good for you, very cool.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 09:14 PM
Quote:
Originally Posted by NickyC
No joke? Well good for you, very cool.
turns out eric liu did the EXACT same thing
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 09:18 PM
Quote:
Originally Posted by KB24
He was around since 2004 playing high stakes.
High stakes online in 2004 was the 2/4nl game on Party, played with 50bb stacks ($200 buyin)
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 10:00 PM
Quote:
Originally Posted by Benal
High stakes online in 2004 was the 2/4nl game on Party, played with 50bb stacks ($200 buyin)
FTP Nosebleeds started around fall 2006 iirc.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 10:04 PM
Quote:
Originally Posted by Benal
High stakes online in 2004 was the 2/4nl game on Party, played with 50bb stacks ($200 buyin)
Those were the days.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 10:12 PM
Quote:
Originally Posted by jigglypuffz
I went on a pretty big downswing, playing $2-$4. I had to drop down to 50¢-$1, but then I won the PartyPoker bad-beat jackpot.

EL: It was for $107,000. I lost with quad eights to quad queens. I checked my account and it went from $6,000 to $113,000. After that, I jumped into the $5-$10 games, and in like a week, I started beating them. I guess the rest is history.
fill me in please
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-02-2009 , 10:17 PM
Became a breakeven 25/50 player and was a founder of cardrunners.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 02:56 AM
Quote:
Originally Posted by The4thFilm
Became a breakeven 25/50 player and was a founder of cardrunners.
Or neither of these...
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 03:24 AM
Good Article.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 05:14 AM
Quote:
Originally Posted by jigglypuffz
turns out eric liu did the EXACT same thing
owned
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 05:40 AM
Quote:
Originally Posted by KB24
If an average high stakes player like Eric Liu built up a $4 million bankroll by 2007, what would a genius like Durrrr have won? He was around since 2004 playing high stakes. So stop worrying about a $3 million downswing destroying his roll. Smoke weed like Phelps and calm down about durrrr

GL in that challenge durrrr. Lose to Patrik and destroy all others.
Jtlyk, I just saw Ivey put a pretty good beat down on durrr in the HA games. Almost a mill across both tables. Has the challenge started yet? If so, Iveys off to a good start.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 09:03 AM
Quote:
Originally Posted by KB24
"From December to around April of this year, I was playing $200-$400 pot-limit Omaha as my main game. I won a lot of money in those games, but then I went on a massive downswing. I lost about $1.3 million in two weeks, which really shocked me. That was about a third of my roll at the time."
http://www.cardplayer.com/author/article/all/250/14477

If an average high stakes player like Eric Liu built up a $4 million bankroll by 2007, what would a genius like Durrrr have won? He was around since 2004 playing high stakes. So stop worrying about a $3 million downswing destroying his roll. Smoke weed like Phelps and calm down about durrrr

GL in that challenge durrrr. Lose to Patrik and destroy all others.
I think their is a very good chance for Durrrr to beat all 3. But he is supposed to beat all of them, I mean this is his setup multitabling in his 2 best games, I think the surprise would be if he lost, or if he went broke, PA and Ivey won't allow themselves 2 and Benyamine's people won't allow him 2. Besides the people on this forum and others who are in love with Durrrr or the people that hate Ivey and Benyamine...it won't mean much, will be fun to watch I guess. But in the end even the losers of this are probably gonna make money out of it anyway, lol, maybe not Benyamine cause he's out of Fulltilt. The only thing that can really be hurt is ego, Ivey has proven he does not care, because why would he care about what we think, PA has even less reason to care and Benyamine, between his computer, his money and his hot girlfriend has no reason to be in contact with the outside world lol. This challenge is good for Fulltilt (Ivey and PA) and for Durrrr(he should win) and for online high stakes poker( ALL 3 OF THEM).

Last edited by aboogie; 02-03-2009 at 09:07 AM. Reason: not wife yet i think, but still hot, lol
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 12:39 PM
Quote:
Originally Posted by jigglypuffz
turns out eric liu did the EXACT same thing
lol'd far too much
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 01:35 PM
Quote:
Originally Posted by Jw513
FTP Nosebleeds started around fall 2006 iirc.
Slightly earlier and Durrrr played them from the start, http://archives1.twoplustwo.com/show...Number=6853290 but he was playing prima/ub high stakes before that.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 02:12 PM
an interesting read from Phil Galfond (OMGCalyAiken)...gives you some perspective on bankroll vs. net worth and how much borrowing goes on at nosebleed levels...


...No, I didn't bet on the Super Bowl. Errr, actually, I did bet on the Super Bowl, but much smaller, and I lost.

I was talking to my good friend Hac (trex313) about some money he owed me from this night we played Blackjack at PCA and he took half the action. So we were trying to deduct that from a running tab we already had (Nosebleed players often lend each other money, since we routinely go on giant swings but don't want to keep our net worth on Full Tilt)

He said, "okay so 575k-4k"

Me: "Ummm, we were at 975"

Hac: "Ummm, really?"

He was pretty sure I only owed him 575 and I was pretty sure it was 975. We talked about it for a while, and couldn't figure it out. I have some emails that I send to other people and myself that keep track of debts between us. In the last email I sent myself, it said Hac owed me 575, but I've been thinking I owed him 975 for at least a month, and I occasionally forget to email stuff like that, especially if the money is sent mid 500/1k multitabling sessions (which it often is).

I went back to a file I'd saved, where I added up all my assets to see what I owed in taxes, and to figure out how much money I'd have left to play with after the new condo and construction, furnishing, etc. That was on December 29th. In that file, I wrote that I owed hac 975. Then we went back into AIM logs and transaction history. I found an AIM I sent to Z on Dec 18th saying that I owed Hac 575. So we narrowed the time frame down. Sometime between December 18th and December 29th, Hac either lent me 400k, or I thought that he did.

We spent over an houring tearing through everything. We made a spreadsheet of all the 50k+ transfers back and forth between the two of us, and everyone else (just in case I owed it through someone else)

After all the hard work, we added up all the figures, and everything added up without the 400k there. So, I have 400k more than I thought I did! It feels pretty good to get that much money for "free" but I'm really really curious about why I thought I owed him more. I'm still thinking about it, 3 hours after we figured it out. I probably won't sleep well again.

Stay cool.

-Phil
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 03:08 PM
Quote:
Originally Posted by The4thFilm
Became a breakeven 25/50 player and was a founder of cardrunners.
you got teh wrong guy
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 03:39 PM
interesting article, thx
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 06:21 PM
Quote:
EL: I've always done a lot of community service, and the reason I'm playing poker now is because, eventually, I want to start a nonprofit organization for underprivileged minorities. My good friend Steven Lin told me to do my thing playing poker, and in about five to 10 years, we'll start that nonprofit. I definitely never saw myself playing poker, but it's a good way to give back to the world. I have another friend named Ket who made an interesting statement. He said that it would be a sin not to play poker, because he believes that we would be able to distribute, spend, and do better for the world with the money we make from poker than someone else. I want to do some good for the world and be like the Barry Greenstein figure of online poker. I want to leave behind a legacy. I want to be known for being benevolent, not a money-grubbing fool. That's why it's important to me.
oh is your ego not big enough already, you want a statue and us to worship you when you're gone?
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote
02-03-2009 , 06:35 PM
Quote:
Originally Posted by ilikeaces86_
Those were the days.
Oh....the glory days of Jedi Poker and Bugman68....trying to remember other guys back then.
Ever wonder about a high stakes player's bankroll? Eric Liu has the answer Quote

      
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