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Discussion from I R C about how to make money playing poker.

  
 
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Laeelin
Old 06-26-2006, 07:41 AM     Post subject: Discussion from I R C about how to make money playing poker. #1 (permalink)  
Full House

Join Date: Jan 2005
Posts: 1,137
Laeelin
[02:01] <lambchop> lol
[02:01] <lambchop> dude, last summer at this time...
[02:01] <lambchop> i was stealing money from my parents
[02:02] <lambchop> and playing $2 and $5 sngs on pacific
[02:02] <lambchop> 1 tabling
[02:02] <lambchop> to buy ramen noodles
[02:02] <sarahhhh> so true
[02:02] <sarahhhh> we were broke mfers
[02:02] <ÜberJesus`MTT> yeah...
[02:02] <midas`2eZ> and now look at you
[02:02] <lambchop> then in the fall i discovered BR management and winning poker
[02:04] <lambchop> and btw ÜberJesus, don't think i'm saying all this in an asshole uncaring sense, i've been worse off than u i guarantee it
[02:04] <ÜberJesus`MTT> i am broke after i cashed out 1.3k on stars then 400 on UB... lol
[02:04] <ÜberJesus`MTT> i got hit with
[02:04] <ÜberJesus`MTT> rent
[02:04] <ÜberJesus`MTT> car insurance
[02:05] <ÜberJesus`MTT> tires
[02:05] <lambchop> ok, ÜberJesus, here is what u're gonna do
[02:05] <ÜberJesus`MTT> i have $65 poker money atm
[02:05] <lambchop> im serious
[02:05] <lambchop> $65 is fine
[02:05] <ÜberJesus`MTT> oh midas owes me 5 <3
[02:05] <lambchop> what sites do u have accounts on?
[02:05] <ÜberJesus`MTT> UB
[02:06] <ÜberJesus`MTT> stars
[02:06] <lambchop> u play ring too right?
[02:06] <ÜberJesus`MTT> yes
[02:06] <lambchop> ok
[02:06] <ÜberJesus`MTT> 6max
[02:06] <lambchop> midas, what site has good microstakes?
[02:07] <lambchop> that he doesn't have an account on?
[02:07] <midas`2eZ> dise?
[02:07] <lambchop> open a paradise account on your yahoo e-mail
[02:08] <ÜberJesus`MTT> k
[02:08] <lambchop> use your info
[02:08] <lambchop> we're making your BR untouchable
[02:08] <lambchop> so if she says cash it out
[02:08] <lambchop> u can say...
[02:08] <lambchop> i cant
[02:08] <ÜberJesus`MTT> works for m
[02:08] <ÜberJesus`MTT> e
[02:08] <lambchop> and if she has a problem
[02:08] <lambchop> have her call me
[02:09] <ÜberJesus`MTT> lol will do
[02:09] <lambchop> lol
[02:09] <lambchop> ÜberJesus do u have a job too?
[02:09] <ÜberJesus`MTT> no
[02:10] <lambchop> ok, so this is your only income?
[02:10] <ÜberJesus`MTT> y
[02:10] <lambchop> how much are your bills a month?
[02:10] <ÜberJesus`MTT> avg 900-1000 prob
[02:10] <midas`2eZ> ew
[02:10] <lambchop> dude, thats nothing
[02:11] <lambchop> he has nothing else to do
[02:11] <lambchop> but play all day
[02:11] <midas`2eZ> it kind of sucks for micros
[02:11] <lambchop> midas, i havent unvealed the master plan behind this
[02:13] <lambchop> here is the plan
[02:13] <lambchop> u're playing ring only
[02:14] <lambchop> mtts and sngs are too high variance
[02:14] <lambchop> for your situation
[02:14] <ÜberJesus`MTT> ok im signed up
[02:14] <midas`2eZ> sngs?
[02:14] <lambchop> $/hr at .01/.02 is better than $5 sngs
[02:16] <lambchop> ok, here is what u're gonna do
[02:16] <lambchop> i dont care if it takes a while
[02:16] <lambchop> get it to stars and send it all to lambchopdc (erie)
[02:16] <ÜberJesus`MTT> k
[02:16] <lambchop> give me your dise account name
[02:17] <ÜberJesus`MTT> one sec
[02:18] <bluey|goingUP> lol scam
[02:22] <lambchop> ok its sending
[02:22] <lambchop> now here is the big picture
[02:22] <lambchop> u have 10 buyins for .05/.10
[02:22] <lambchop> you are going to grind
[02:23] <lambchop> until you have a bankroll
[02:23] <lambchop> ok, now listen carefully
[02:24] <lambchop> any thoughts of "quick, big scores" are going out the window this second
[02:24] <lambchop> if u listen to me and everyone else here u can be making $100/hr+ by the end of the summer
[02:25] <lambchop> but that wont happen
[02:25] <ÜberJesus`MTT> yeah i have the issue of playing MTTs
[02:25] <lambchop> without a bankroll
[02:25] <lambchop> no mtts
[02:25] <lambchop> dise takes 15 days to send a check
[02:25] <lambchop> so dont even try
[02:26] <lambchop> and if u're gf whines, tell her to shut it
[02:26] <ÜberJesus`MTT> k
[02:27] <lambchop> u'll be playing 10nl for a little while
[02:27] <lambchop> until u have $500
[02:28] <lambchop> u're gonna play at 10nl there till u have 500
[02:28] <lambchop> and then 25nl till u have 1k
[02:28] <ÜberJesus`MTT> shit i better 4 table at least then
[02:28] <lambchop> and then 50 till u have 2.5k
[02:29] <ÜberJesus`MTT> is it better to play more tables FR?
[02:29] <lambchop> u cant play that many on dise
[02:29] <lambchop> i think 4 may be the max
[02:29] <lambchop> maybe 3
[02:29] <lambchop> but the fish are so bad
[02:29] <lambchop> it wont matter
[02:29] <ÜberJesus`MTT> so 4 5 max tables prob
[02:29] <lambchop> yeah
[02:30] <lambchop> when u hit $1k we'll start discussing other sites and options
[02:30] <ÜberJesus`MTT> k
[02:30] <lambchop> the main reason for dise is to lock up the money so u dont have the temptation to cash out
[02:30] <ÜberJesus`MTT> makes sense
[02:31] <lambchop> once we get u to 100nl
[02:31] <lambchop> u'll be able to make enough consistent money
[02:31] <lambchop> to pay the bills
[02:31] <lambchop> and continue building
[02:31] <ÜberJesus`MTT> yeah my BR is what has been holdjing me back
[02:31] <ÜberJesus`MTT> BR management
[02:31] <ÜberJesus`MTT> *
[02:31] <Laeelin[MTT]> hey lamb and ÜberJesus, mind if i post an edited verson of that discussion on FRT?
[02:32] <ÜberJesus`MTT> if you change my name to ÜberJesus
[02:32] <lambchop> lol
[02:32] <lambchop> lol
[02:32] <Laeelin[MTT]> lol
[02:32] <lambchop> i dont care, its up to ÜberJesus
[02:34] <lambchop> ÜberJesus, u still there?
[02:34] <midas06> wh owon the mill?
[02:34] <ÜberJesus`MTT> yeah
[02:35] <ÜberJesus`MTT> im 1 tabling
[02:35] <lambchop> ok, to recap
[02:35] <ÜberJesus`MTT> trying to adjust my eyes to this skin lol
[02:35] <lambchop> short-short-term goal
[02:35] <lambchop> build roll to $500
[02:35] <lambchop> to play 25nl
[02:35] <lambchop> short-term goal
[02:35] <lambchop> build roll to 2.5k
[02:36] <lambchop> at 100nl u can make $50/hr+ depending on how many tables
[02:36] <midas06> low limit tips:
[02:36] <midas06> dont bluff
[02:36] <midas06> value bet
[02:36] <midas06> camp
[02:36] <lambchop> u should be able to get 3k hands in a day
[02:37] <lambchop> considering u have nothing else to do
[02:37] <lambchop> and u're broke
[02:37] <ÜberJesus`MTT> i can prob get to 500 by the end of the week
[02:37] <lambchop> yes u could
[02:37] <lambchop> but
[02:37] <lambchop> set the goal of hands/day
[02:37] <midas06> dont set monetary goals
[02:37] <lambchop> and u'll tilt less
[02:38] <midas06> yeah that
[02:38] <ÜberJesus`MTT> is there a free prog to keep track of hands?
[02:38] <midas06> im just infinitely smarter than lamb
[02:38] <midas06> and use longer words
[02:38] <midas06> no
[02:38] <lambchop> hmmm
[02:38] <lambchop> does dise do stats?
[02:38] <midas06> dise might have a tracker
[02:38] <midas06> i cant check
[02:38] <midas06> i dont have it installed
[02:38] <lambchop> im looking
[02:39] <lambchop> well here
[02:39] <lambchop> we'll get u pokertracker soon enough
[02:39] <lambchop> just do this
[02:40] <lambchop> when u sit down for a session
[02:40] <lambchop> always try to keep 4 tables up
[02:40] * robinleet has joined #flopturnriver
[02:40] <lambchop> 1 hour at 4 tables is ~ 400 hands/hr
[02:40] <lambchop> keep a log
[02:40] <ÜberJesus`MTT> k
[02:40] <lambchop> and keep track of breaks
[02:41] <lambchop> 8 hours per day
[02:41] <midas06> ÜberJesus
[02:41] <lambchop> just like any normal job
[02:42] <lambchop> ÜberJesus, the best way i could suggest to do this
[02:42] <lambchop> is play 4 2-hour sessions a day
[02:42] <lambchop> with breaks in between
[02:42] <ÜberJesus`MTT> heh thats my other prob
[02:42] <ÜberJesus`MTT> i never take breaks
[02:42] <ÜberJesus`MTT> like if im playing an MTT
[02:42] <lambchop> take them
[02:42] <ÜberJesus`MTT> ill open a table for 5 min on the break
[02:43] <lambchop> walk away during the break
[02:43] <lambchop> get some food, etc.
[02:43] <lambchop> it will keep u sane

Q. Is poker Gambling?
A. Do you use correct bankroll management?
 
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Irisheyes
Old 06-26-2006, 10:41 AM #2 (permalink)  
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Irisheyes
This is precisely how I built my roll, except different (but similar) poker sites. Br management works.
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Vrax
Old 06-26-2006, 11:00 AM #3 (permalink)  
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Join Date: May 2005
Location: Poland
Posts: 632
Vrax
$30 -> $7320 no redepositing.

Bankroll Management + nit poker + shitload of hands = $$$
"How could I call that bet? How could you MAKE that bet? It's poker not solitaire. " - that Gus Bronson guy
 
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Miffed22001
Old 06-26-2006, 12:03 PM #4 (permalink)  
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This time im not spending it
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