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yellows2k
Old 08-16-2004, 02:10 PM     Post subject: new to forum- a hello #1 (permalink)  

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yellows2k
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hey there, im new to the forum, dont know if this is the correct forum to post this on, but anyway, it will get moved if not.
i play at partypoker, i been on that site now for about 8 months, i had an initial deposit of $50, didnt do much with it for the first few months, lost a few dollars, got down to about $36, went to crown casino in melbourne, lost $100 on the $2/$4 tables in about 2.5 hrs, felt like crap, bought lee jones book, and since then, my play has tightened up, and i feel like i can win consistently.
i play only the .50/$1 tables atm, cant get used to the $1/$2 tables with 6 players (is that good or bad, being shorthanded), oh, i also have built my bankroll to about $230, after i bought the book. i play low limit exclusively, however i have played 2 sng $5 tourneys and got 2nd and 3rd, im not a fan.
i also won a hat from partypoker when i didnt play for a few weeeks, guess they were tryingto win me back.
a few questions, i keep hearing how the rake kills u, what does that mean, i feel like if i play tight and grind away i can do well, sometimes i win big, for me that is, while other nights i usually break even after an hour or 2 of play or im down a few bucks, i usually know to quit if im not feeling it.
i would appreciate other replies regarding their successes, or failures relating to their "careers", i see that the natural is a forum regular and same with xianti.
what tables r best for fishing, i feel like im an ok player, not super or great, i know my outs, i know the odds, i try not to chase too often or go on tilt, and im pretty disciplined, i play the game as a hobby, and to while away the time when not running my businesses.
its a very addictive game, especially when ur winning, and thankfully i havent hit a losing streak yet. but then again i havent really hit a winning streak, u could say im a grinder and im happy with that.
see u at the tables
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Toasty
Old 08-16-2004, 02:34 PM #2 (permalink)  
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Hey welcome to FTR.

I used to play the 1/2 6max exclusivley and they are very easy to beat and a great source of income but the variance is very high and you can take -100BB swings quite regularly.

If you have a small bankroll, i'd stick with the full table 0.5/1 1/2 tables. They are easy to beat too but the variance isn't as high. The trouble with the 6max tables is people who play too many hands on the full tables are playing around the right number of hands on the 6max tables, its not uncommom to see somone playing over 70% og there hands though.

Stick with Jones advice for the LLHE tables, its where i started, you could try to play the occasional SnG to continue the learning progress and if you don't enjoy them there are always Limit holdem SnGs that you can join.
Poker is all about the long long long long long long long term . . .
Barney's back . . . back again . . .
 
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Krapp
Old 08-18-2004, 06:14 PM #3 (permalink)  
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I have been doing quite well with Online poker (I can pull in about $100 / day, playing a few hours a day). A couple of comments:
(1)I personally would avoid Party Poker and move to Paradise Poker since the betting formats are generally more favorable in Paradise.
(2)If you are playing .50/1 limit holdem, I would move to $25 or $50 no-limit. The bets are about the same with better chance of profit in my opinion, with good play. .50/1 limits your profit maybe to $10-$20 every few hours with good play. You can probably get 3x profit return on a $25-$50 no-limit table
(3)If you really want to make some money with comparable play, I would move to ring-tournies ($10-30 buyin). However not on Party Poker. The bet formats are too aggressive and loose, making winning more of random luck (They give you 800 chips and blinds start at 15/30. Where as Paradise, 1000 chips and 5/10 to start). With higher start blinds and lower chips, you wont find much a difference between you opps in chipcount after 30-40 hands
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Fnord
Old 08-18-2004, 06:22 PM #4 (permalink)  
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Quote:
Originally Posted by Krapp
(1)I personally would avoid Party Poker and move to Paradise Poker since the betting formats are generally more favorable in Paradise.
If you got the bankroll it's hard to compare with the Party fish.

Quote:
Originally Posted by Krapp
(2)If you are playing .50/1 limit holdem, I would move to $25 or $50 no-limit. The bets are about the same with better chance of profit in my opinion, with good play. .50/1 limits your profit maybe to $10-$20 every few hours with good play. You can probably get 3x profit return on a $25-$50 no-limit table
Comparing apples and oranges. My winrate is higher at 2/4 than it is at $25 NL. I can beat .5/1 at around $5/100.

Quote:
Originally Posted by Krapp
(3)If you really want to make some money with comparable play, I would move to ring-tournies ($10-30 buyin). However not on Party Poker. The bet formats are too aggressive and loose, making winning more of random luck (They give you 800 chips and blinds start at 15/30. Where as Paradise, 1000 chips and 5/10 to start). With higher start blinds and lower chips, you wont find much a difference between you opps in chipcount after 30-40 hands
SnGs are very different than ring and I'll argue they require more skill to master. However, the play is so horrible that beating them isn't too tough. Getting over the hump from regularly ITM to regular 1rst finishes takes time though.
 
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Krapp
Old 08-18-2004, 06:49 PM #5 (permalink)  
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Sorry for the mix-up in terms, Ring-tourney to me is 1-table, 10-players, top-3 place for money. I am thinking SnGs on Party Poker are the same.
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yellows2k
Old 08-19-2004, 01:31 PM #6 (permalink)  

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i just moved to the 1/2 tables, what tips r there playing shorthanded besides sklansky's advice for shorthanded play.
i did well, taking $40 in the first 10 minues, went to get food ad joined another table and proceeded to lose $30 of it. the variance is amazing, i wasnt getting hands at all. it was like a rollercoaster.
i like partypoker, i havent tried the others, was on truepoker, but only play money. with the $50 no limit, its basically the same except the betting structure is no limit, correct? this requires a lot of discipline as u could lose ur whole bankroll chasing, is that not true?
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Toasty
Old 08-19-2004, 02:13 PM #7 (permalink)  
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If you are not very experianced playing NL its a quick way to lose your bankroll. I'd suggest playing a low buy-in table on Stars until you gain enough experiance/confidence to hit the PP $25 buy-in tables.
Poker is all about the long long long long long long long term . . .
Barney's back . . . back again . . .
 
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yellows2k
Old 08-19-2004, 02:42 PM #8 (permalink)  

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i have played a few sng on pp, and placed in the money, i played the nl versions. i have only really played low limit, as mentioned above .50/1 and now 1/2, i know that nl is a different animal altogether, so i think ill just stick to what i know best atm.
i havent even looked at the special tourneys or multi- tables, im happy to play the low limit tables
toasty, u seem pretty experienced, what is ur history been, can u describe ur career so far, the high points and low points, how much u consistently win and so forth
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johnnyawe
Old 08-20-2004, 04:30 AM #9 (permalink)  
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Hi yellows. As far as my "career", at my lowest point I was down about $250, and at my highest point I was up about $700. Right now I'm somewhere in between. I started out playing .50/1.00 limit on Party, and switched to $25 NL shortly after reading Tanaka's limit vs. no limit essay on this site. Now I'm trying out the SNGs.

I like to pretend I'm good when I post here, but in reality I'm not at the point yet where I can make consistent cashouts every month, like many here. I'm still a lifetime winner at the game, but not by much. I just started playing about 4 months ago, so I'm learning as I go and just trying to keep my head above water. I'm going through a horrible losing streak in $20 SNGs right now that is really causing me to question my skill level. We'll see what happens.

Anyways, I've said this before: when its early in your "career" and you're losing, you can't possibly know whether you are just going through variance, or if you are playing poorly. Thats where the people here can help you and tell you what you are doing right and wrong.

My advice: if you're good at limit, stick with that for now. Once you're winning consistently, you should check out no limit to see what its like.
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johnnyawe
Old 08-20-2004, 04:35 AM     Post subject: Re: new to forum- a hello #10 (permalink)  
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Quote:
Originally Posted by yellows2k
i feel like im an ok player, not super or great, i know my outs, i know the odds, i try not to chase too often or go on tilt, and im pretty disciplined
If you know all that, then you are already light years ahead of the party poker crowd. Happy hunting.
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yellows2k
Old 08-20-2004, 02:19 PM #11 (permalink)  

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yellows2k
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i just logged on and played for about 2 hours at teh 1/2 table, didnt get any hands at all and ended up cashing out $11 down, didnt feel it at all, then i joined the .50/1 table to see if the competition would be weaker, lost $11 there as well, guess it wasnt my night.
u sometimes get real bummed out by crappy nights like this, and even though it isnt a lot to lose, it makes it tough. then again, im not losing sleep over it, but just wanted to rant about the downs of poker.
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