Quote:
Originally Posted by *Split*
The thing you have to consider when playing live is the risk:reward. There is a tremendous difference between risk:reward in live v online. For instance:
To make $20/hr playing live you can play 200NL at the top-end of WR. Assuming you play with a 3BI stoploss, then you risk $600 to win $20. Now obviously you don't risk the full $600, but you get the drift.
To make $20/hr playing online you can play 50NL with a middle of the road WR (12 tables @ 52hands/hr/table, and RB included). For this you have say a 4BI stop loss, and then you risk $200 to win $20. Again, you dont' risk the full $200, but you get the idea.
Live, imo, should really be used more as a "profitable spend of time that is used for more than an hourly". For instance, I play live once or twice a month (during non-WSOP months) and do so mostly so I can make an hourly but also get some direct utility out of it (I enjoy the socialization coupled with +ev($) time spent). But playing 200NL live for an hourly is just the worst imo. 500NL live is the first level that I would consider playing seriously for a pure hourly, but even still, then you risk $1500 to win $35/hr...that sounds pretty horrible to me.
just my 2 cents
I calculate that out to 3pt/100 which seems well above middle of the road to me.
As for the risk/reward statement, seems odd in that if you are properly bankrolled for both the risk seems the same and the variance should be less live because your winrate is higher.
Agree on the cap of $20-25/hr. But can't wrap my mind around the risk/reward thinking here.
Obv. tho you make a point that someone can get to an equivalent hourly with a smaller bankroll online.
There is a problem with that in my mind however, in that playing 12 tables online will be harder for many people than playing one insofar as "I am going play eight hours a day". Maybe not the majority, I dunno, but playing live gets you out of the house.
In either case, its a damn grind imo.
I just don't get that live is a greatly worse option. If you look at the trend online has gotten harder over the last 5 years at a much greater pace than live has and I expect that to continue.
So did I calculate that win rate right?
I guess you can tell I was a live player before personal computers were on the market.
Also, another thing that should be factored in is comps. Picking my spots I can travel and use comps to pay for the bulk of my expenses. So there is additional utility there.
Finally, putting the stop loss aside, live I am going to have $200 in play at my one table, online I will have $600 over twelve. So it escapes me what you are trying to say exactly tho its obv. you are a very smart dude.