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Question for 'rilla...

  
 
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Molinero
Old 03-10-2005, 09:10 PM     Post subject: Question for 'rilla... #1 (permalink)  
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Quote:
Originally Posted by a500lbgorilla
After much deliberation. I've decided to make it 15-30 buyins to be bankrolled. It's a wide range, I know. 15 is if you're just playing 1 or 2 tables. For 3 or 4, you should be rolling with atleast 20-25. 30+ for the heavy pros.

-'rilla
Borrowed that from a thread in "Beginners Circle".

Since I only play in cheap-o homegames, I only do one table.

But, by your rationale, I should have at LEAST $225, preferably $450 set aside to play a .10/.20 NL game with a $15 max buy-in. Right?

Well, here's my question:

Assume that I continue to win at the rate of 3 to 5 buy-ins a week for long enough that at this time next year, after several climbs in stakes, I'm sitting on several K.

At that point, I'm starting to think about poker as a source of income, as would anyone. But how much income is that?

To put it another way: can you nail down a percentage of the BR that is safe to consider "disposable"? Furthermore, is it possible to come up with a "formula" that could be applied to the $15 player who wants a pack of smokes OR the $10k player who wants to pay his living expenses?

Ya follow?
"We thought you was a toad!"
-- O Brother Where Art Thou?
 
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a500lbgorilla
Old 03-10-2005, 11:14 PM #2 (permalink)  
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No for 1 table you're very safe with 15 buyins. Very safe.

But I don't really know what you're asking.

Do you want me to tell you how much money of your bankroll you could "withdraw" every week to spend on whatever and still steadily increase stakes and profit?

Well, I'm not sure...

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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dsaxton
Old 03-10-2005, 11:25 PM #3 (permalink)  
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For months I had no problem maintaining a minimum of only 600 times the big blind in my account. Now I'm starting to keep a minimum of 1000 times the big blind after a run of horrible luck and this is starting to seem a bit too conservative. It probably depends on how volatile your swings are given your style of play.
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a500lbgorilla
Old 03-10-2005, 11:28 PM #4 (permalink)  
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Quote:
Originally Posted by dsaxton
For months I had no problem maintaining a minimum of only 600 times the big blind in my account. Now I'm starting to keep a minimum of 1000 times the big blind after a run of horrible luck and this is starting to seem a bit too conservative. It probably depends on how volatile your swings are given your style of play.
Yes, that's a good point but I didn't want to point that out in the BR managment thread becuase I got PMs from people who felt they could play 200 NL on 6 buyins.

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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LeFou
Old 03-11-2005, 12:23 AM #5 (permalink)  
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It's easier just to look at yr win rate per hour and see if that's "income" enough.

Good, consistent NL play doesn't yield X "buy-ins per week" but X BB/100. 3 to 5 BB/100 is achievable. Note that as you move up in stakes, the quality of your opps goes up, so at the high stakes 2-3 is good.

Good, as in: not many people accomplish that. So to make $20/hr at B&M -- where you get, say, 40 hands per hour -- the blinds should be about 3/6

5BB X $6 X two-thirds ('cause of the 40 hph) = $20

IMO you have to be awfully good to pull that much, but that's beside the point. A 3/6 game has a $600 max buy-in. 15 of those is $9K.
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LeFou
Old 03-11-2005, 12:23 AM #6 (permalink)  
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This is for limit, but gives decent, realistic tips:

http://www.cardplayer.com/poker_maga...=13371&m_id=68
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dsaxton
Old 03-11-2005, 12:51 AM #7 (permalink)  
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Quote:
Originally Posted by LeFou
It's easier just to look at yr win rate per hour and see if that's "income" enough.

Good, consistent NL play doesn't yield X "buy-ins per week" but X BB/100. 3 to 5 BB/100 is achievable. Note that as you move up in stakes, the quality of your opps goes up, so at the high stakes 2-3 is good.

Good, as in: not many people accomplish that. So to make $20/hr at B&M -- where you get, say, 40 hands per hour -- the blinds should be about 3/6

5BB X $6 X two-thirds ('cause of the 40 hph) = $20

IMO you have to be awfully good to pull that much, but that's beside the point. A 3/6 game has a $600 max buy-in. 15 of those is $9K.
I don't know. Your hourly rate doesn't say anything about how volatile your bankroll is. It's just average gains or losses.
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jmontis
Old 03-11-2005, 01:03 AM #8 (permalink)  
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I'll play devil's advocate by saying, take a step out of the micro limits every now and then and see how your game holds up, even if it's *risky*.

I think there's nothing wrong with taking a shot at the bigger limit every now and then, especially if it looks profitable. If you're comfortable, and can play your A-game, go for it.

this is for experienced players only, you need to know what you're getting yourself into.
take your ego out of the equation and judge the situation dispassionately
 
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Sykedupp
Old 03-11-2005, 07:41 AM #9 (permalink)  
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Because you live here 'rilla.

*points at the cot with shabby computer in the corner or the FTR lobby*

Nice Box...

-Chris
Quote:
Originally Posted by soupie
That is the beauty of poker, it doesnt matter how they play, you can always devise the perfect defense and counterpunch hard.
 
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Sykedupp
Old 03-11-2005, 07:42 AM #10 (permalink)  
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*deletes useless post he was gonna put here*

/post whore

Sorry.

-Chris
Quote:
Originally Posted by soupie
That is the beauty of poker, it doesnt matter how they play, you can always devise the perfect defense and counterpunch hard.
 
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Sykedupp
Old 03-11-2005, 07:48 AM #11 (permalink)  
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You know what, dont even ask, im sorry im on crack, this WAS wrong forum... geeze....

-Chris
Quote:
Originally Posted by soupie
That is the beauty of poker, it doesnt matter how they play, you can always devise the perfect defense and counterpunch hard.
 
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LeFou
Old 03-11-2005, 02:42 PM #12 (permalink)  
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Quote:
Originally Posted by LeFou
5BB X $6 X two-thirds ('cause of the 40 hph) = $20
Hm... calculation error, I think

at 40 hph, it takes 2.5 hrs to play 100 hands. ick. so the two-thirds should be 1/(2.5), i.e. 2/5. and the target is:

5BB X [BB] X 2/5 = $20
BB = 10

Sound right?
---------------------------
dsaxton the 15 buyin reqmt. is sufficient to absorb all but the crappiest runs. The point to Molinero is that if you play 8 hrs a week (2 nights a week), pulling in "3 to 5 buyins a week" means this.

$45-$90 = 225 - 450 BB
8 hrs @ 40 hph = 320 hands. (3.2 hundred)

70 - 140 BB/100

If you can consistently make that, you are in fact God.

If the 2 nights = 12 hrs (I never stick around that long), then:
225 BB / 4.8 hundred <-----(12hrs X 40hph)

47 BB/100
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