Hello grinders degens and fish.
I am trying to build my post count and contribute more to the community. I am in my 30's and grind mid-stakes poker in Los Angeles and all around souther California for that matter. Ask me anything I have much knowledge not just on poker. I am a NL specialist, training in PLO, and have started to focus more on small buy in tournaments which I have had really good success at.
Peace Out!
-Knish

Best day 5/10 game?

Best night 5/10 game?

Best/favorite tacos?

Do you regret not going down a career path for another job

If you could give the early 20's version of yourself one piece of advice (poker or non-poker related), what would it be?

Let's go in order...
Pretty much the best 5/10 games are at the Commerce Casino. There's more games to choose from, you can bum-hunt, and there is good action. Back when I was a reg in that game it was chaos. You knew exactly who the pros were, who were the financially free recs, and who was going to spew eventually. There is a pretty good game of 5/5/straddle at the Gardens, and you can also find really good games of 5/10 at Indian casinos occasionally but you have to recon them and they are not as consistent over time.
Also there are games that pop up occasionally at lesser known casinos that can become extremely juicy from time to time and can run for a year or years and then stop after pros find out. For example way back in the day this tiny card club in SoCal had a 3/5 no cap game that was the best game in SoCal by far that only ran on Saturdays.

You can find extremely good tacos all around Los Angeles, but best gourmet mexican is Javiers in Century City.

Yes I regret not going down a different career path when I was in my mid 20's but I was cut off from university financially and I caught the bug. So I will be all-in on the entrepreneur route boom or bust. Poker was always a means to gain liquid capital quickly and then invest. I still have a ways to go. For a good time here in the US however there will be plenty of opportunity to build wealth here.

"If you could give the early 20's version of yourself one piece of advice (poker or non-poker related), what would it be?"

[Beneath following the Lord] Avoid all the vices and put your nose to the ground working hard and saving. Always gain knowledge and invest your money wisely and there's no reason you shouldn't be a millionaire relatively quickly with hard work and wise investing. Sacrifice the nice things early on and invest wisely so that you will have the niceties and financial freedom later on along with the hot girl and all that ish.

I'm an LA midstakes player too. How do you invest? I'm basically an investment fish but I know I'm leaving money on the table sitting out investments. What's your strategy for increasing your investments? Do you just keep your roll at a certain point after expenses and put a % of your winnings into your investments?

Maintain 30full buy-ins for your the NL Holdem game you grind and have an emergency savings account and some petty cash in checking. Then invest the rest holding a large portion in Bitcoin. Study cryptocurrencies buy buying the best books and maintain your knowledge by reading up on coinspectator.com every day to take shots on Altcoins that can reap you good profit by getting in and out of them at opportune times. Bitcoin for the long haul. Open an IUL from a financial planner try an independent agent maybe from WFG and be putting into that policy more than a couple hundred dollars a month. Think at least a full buy in being put into savings every month in an IUL and as income grow other policies that are similiar. Open a business eventually.

I play 5/10 at Commerce, mid 30s myself. What's your main game?

As far as investing just diversify and don't try to game the market. Read the book 'A Random Walk Down Wall Street', in that the author goes through all the mistakes people make and how you should really approach investing. Its an interesting and really good book in general. My dad who is in finance recommended it to me and I would recommend it to anyone getting started with investing or just interested in it. Don't light money on fire with bad investments.

Sorry, but lol

Same thought went through my mind, but I didn't want to be mean.

That's got to be like some of the worst investing advice I have ever come across.

yea i'm not trying to be a dick but def hoping nobody actually follows that advice

Digital currency is the future. I haven't seen many other investments reaping 10x+ in less than a few years.

You can say the same about a lot of industries.

It's like advising someone to go diversify all their money across the bio tech penny stocks.

It may be the future. But you have no idea when and in what form it will take.

Every currency out there currently could easily be worthless in 30 yrs.

High risk and high reward go together.

It's like me betting all my money on a 50/50 and if I win advise that it's a wise thing to do because no other investment can double my net worth in 1 second.

What's your poker story? How long have you been playing, etc?

This isn't really about whether or not crypto is the future... It's the fact that it's very clear that you know nothing about investing, should therefore not be giving investment advice, and the advice you've given so far is terrible.

wtf is this thread. no one asked for your stories or advice on anything, nevermind this NONSENSE on crypto and "investing". Good luck on getting your post count up (?) but this sucks

Yeah.. well this doesn't and shouldn't convince anyone. I've been following cryptotwitter for a while and it's not pretty. Basically young dudes that found investing a while ago because of the bitcoin hype. They have now read everything there is about cryptocurrency and are convinced that bitcoin is the one survivor and alts are a perfect opportunity to make quick cash. They have invested so much time in researching the technology (and probably nothing else) so it just has to work out now, otherwise they did all this work for nothing.

People who have been in finance for tens of years with good track records have probably been 110% convinced about something several times, and still lost a bunch on a few of those investments. Even if you find a massively undervalued asset, you should never be convinced its the one that will make you money THIS TIME, and never try to convince other people it will. You should also acknowledge that you might just be wrong and it isn't as +EV as you thought. Maybe crypto or specifically bitcoin isn't the future?

"x is the future"
"we will make 10x again for sure!"

Not saying cryptos are trash. Just saying the community is not pretty and the investment advice coming from these guys is trash.

yall know nothing about crypto. It's really about blockchain technology. And for Penelope who just loves leaving her condesending expert opinion but leaves no example or better advice... This post wasn't about investments. Someone asked me a question and I answered.

I'm a simple man.

Roth IRA and backdoor if needed.

VTSMX 80%
VFINX 5
VBMX 5
VGTSX 5
VIGRX 5

or

FXAIX 80%
FSKAX 5
FSMAX 5
FTEC 5
FNILX 5

Thanks for doing this. Have a NL question.

I know this is very situational, but how often/likely are you calling off your stack on a flip?
Followup question, is there a percentage (55/45, 52/48 etc.) scenario where you are always willing to get the money in.

It does't happen too often. If im playing AKs very aggressive and I get it all in pre with someone that could be a situation. Or if I'm facing an very loose aggressive opponent who is getting out of line that could be another situation where I call off knowing most likely I'm in a flip.
If its raised early position by a rock or extremely tight player I am often not 3 betting my AK so again, its player dependent when things get deep. If im facing loose and splashy opponents then the likely-hood of getting in a flip is increased.
If you are properly rolled in your game remember it is most often optimal to take all positive ev situations. However, there are some situations, in tournaments especially, when it is not optimal to take a high variance positive ev play.
Most of the time if I can properly read the hand and range I am going to def call off on a flip with minor +ev% because when you do this it def scares many players into playing back at you or running a bluff because they realize it could go all in on a gamble and many recs do not seek this out. This in turn enables you to make plays later on your table.

As with flips on the flop... Much of the time these are unavoidable when you decide for example to push a combo draw and end up being against a strong hand because of your equity and the money in the pot many of these flips are hard to avoid.

Great respose. Very informative and detailed, exactly the answer I was seeking. Especially this..."Most of the time if I can properly read the hand and range I am going to def call off on a flip with minor +ev% because when you do this it def scares many players into playing back at you or running a bluff because they realize it could go all in on a gamble and many recs do not seek this out. This in turn enables you to make plays later on your table."

thanks polpolpol no problem. I'd like to add something to this for you to remember. When you are playing in deeper and more competitive games, it's is important to not over value a combo draw. If you have a non nut combo drawing to a straight and flush, you are very deep, and are getting heavy action, It's important to understand the possibility of you being up against the nut flush draw (plus). Thats why as stacks are very deep playing a tits but non nut combo draw fast and aggressive can be hazardous. So many times in position especially it's better to call and let the hand develop instead of trying to profit off fold equity by raising early.

Real example: 5/10 game both players about 2k effective and flop QcJc4h.
Heads up: cbet, raise, re-raise, all in, call. A10clubs and 89clubs get all in here and board bricks out.
89clubs looses pretty bad here. Avoid these situations when deep because when you think you may be in a flip situation, you may be dominated.

This is an excellent reccomendation for anyone investing in the stock market

If you aren't willing to put your stack In on a flip in a cash game you're playing too big

The only exception being you're super deep In a game with a low cap and there are terrible players who are also really deep
Being able to play deep with them takes priority