Quote:
Originally Posted by SimpleRick
The vast majority? Who? If you can't grind your way up the stakes in a relatively short time you probably aren't good enough to merit staking.
Cliff notes:
* General monthly living expenses are a barrier for many winning players to moving up the stakes quickly.
* Online cash is the easier route than live cash, or live tournaments to move up the stakes in.
* One can move up the stakes in online MTTs by being a volume beast, binking super big in a comp or by getting backing.
* 10K is not really that much of a poker bankroll. Most new or aspiring players don't have $10K, plus they would also need a backup life roll of about $6K.
I'd agree with you for online cash games where if you have an edge the variance is pretty low if you can multi table, although it can still be very restrictive moving up the stakes because of living expenses being equal to or not much below the increase in the bankroll each month.
Also there is always the possibility of hitting either a skill road block or skill plateau at a stake that's one or more levels below your ambition stake. But I'd agree with you in general that at online cash, with good game / time zone / player pool selection you can move up the stakes.
Doing so at live cash is harder, a smaller selection of games and much longer to get volume in, so I think staking/backing helps a lot.
But for live MTTs, backing to move up the stakes in tournaments I think is close to essential for a lot of players as the variance is huge and if you look at the math logic, if a player has a 15% ROI (post juice and rake back) they will have to load $40K of tournaments per month to make $6K a month in profit, approximately half of which might go on living expenses. Now, this might sound okay, the bankroll going up by $3K per month, but what sort of bankroll do you need to realistically play $40K of online MTTs per month and to stay within proper bank roll management?, which really is 200 buy ins, but let's say 100 buy ins, if we pinch a bit and build in that we know we are already a very good MTT player and will only get better the more we play.
$40K divided by 25 days per month, because we will burn out playing more days than that, our game will suffer and we'll have a terrible life/work balance, is playing $1.6K tournament buy ins per day. Assuming we are already very good and can multi table quite a lot, we need to play 16 x $100 MTTs per day.
We therefore need a bankroll of $10K and that is if we are already good enough to have a 15% ROI at that tournament stake and if we are prepared to play quite long hours 25 days per month.
So we do all of this and at the end of the year we are $36K better off. And this is assuming that we have $10K in the first place, plus some sort of life roll of say $6K in case we go on a 2 month terrible downswing.
The four main ways players, good players, can move up the online tournament stakes relatively quickly are: (in no particular order), 1. If they are an absolute volume beast. 2. If they live in a very low living cost economy, or low cost as they they live with their parent(s), 3. If they bink a very big score in a tournament. 4. By getting backing. Many players don't have option of 1. or 2. available to them, so either have to wait, and sometimes, wait and wait for 3. to happen, or they do 4.
In live tournaments the same type of thing applies, only worse, as potential playing volume is so small.
Last edited by PokerPlayingDunces; 02-05-2023 at 01:36 PM.
Reason: Correcting grammar