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MSG85
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12-06-2007, 09:14 AM
Post subject: Thanks and hello again.
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#1 (permalink)
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Two Pair
Join Date: Feb 2006
Posts: 48
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FTR Has helped me generate about $2,000 over the last two summers. It is a very large amount for me , but that was also my entire roll. Still, this helped pay for many an enjoyable party over the course of the last two years, probably about 5-7 partys in all. (Cheap kegs FTW?)
Anyway, after various cashouts, I had no money on poker stars, at least until I got bored and turned my FPP into $T. I've got about $30 and my goal is to work this into a workable bankroll. My goal is to claim that my entire poker winnings are from these FPP, even if it slows down my progress a bit.
I mostly play SnGs these days, and the players at the 1.20 level seem a fishy as ever (but fuck that 20% rake). I've never considered myself a good cash game player, mostly because i don't find 4+ tables at a time to be fun.
anyway, I'm not entirely sure as to why I'm posting this, other than to say hello, thanks, and provide some background.
So, hello, here I am. Many questions to follow.
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taipan168
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Administrator
Administrator
Join Date: Jul 2005
Location: Sydney
Posts: 10,441
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Hi and welcome back, I'm glad that you've had success so far, well done! Good luck with your quest to rebuild your bankroll from your FPPs.
If you're playing SNGs, come post in the SNG Tourney Tactics forum, we're a friendly bunch over there.
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Chopper
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Straight Flush
Join Date: Dec 2005
Location: St. Louis, MO
Posts: 4,255
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i dont know what to tell you if you dont want to play cash games. i think you would be playing a lot of tourneys, for a long time, before seeing any real results. the variance at a $1.20 SNG has to be brutal. they are beatable, as you well know, but i would mix in some cash WHILE i was playing in a tourney.
nothing builds a br faster than a cash game fish who reloads.
welcome back, and a keg of Natty FTW!!
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LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.
Nothing beats flopping quads while dropping a duece!
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philly and the phanatics
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Full House
Join Date: Dec 2006
Posts: 1,109
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kegs of pabst blue ribbon kegs are 35 here in tallahssee
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flomo
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Full House
Join Date: Mar 2006
Location: mashing potatoes
Posts: 878
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i have been playing in the 1.2's on stars for about 3 months
my bankroll hoovers at about $35-50
the variance is silly and the rake is prohibitive
if you want to build your BR get out of those things(1.20)
try cash games
i play for fun so it doesn't matter to me
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Quote:
Originally Posted by bigred
Protect dog
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Chopper
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Straight Flush
Join Date: Dec 2005
Location: St. Louis, MO
Posts: 4,255
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Quote:
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Originally Posted by philly and the phanatics
kegs of pabst blue ribbon kegs are 35 here in tallahssee
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i used to get Olympia for $19, if you had the keg, and tapper. but, that was 1993...lol.
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LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.
Nothing beats flopping quads while dropping a duece!
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flomo
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Full House
Join Date: Mar 2006
Location: mashing potatoes
Posts: 878
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Quote:
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Originally Posted by Chopper
Quote:
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Originally Posted by philly and the phanatics
kegs of pabst blue ribbon kegs are 35 here in tallahssee
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i used to get Olympia for $19, if you had the keg, and tapper. but, that was 1993...lol. |
1993
the cheapest we could find was $30 for a keg 
usually a miller product
we were ballas ,,,for another 5 we got the bud
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Quote:
Originally Posted by bigred
Protect dog
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TLR
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Moderator
Join Date: Aug 2004
Posts: 5,007
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20% rake is a killer, try to move to the 3.25/3.40 ASAP
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Chopper
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Straight Flush
Join Date: Dec 2005
Location: St. Louis, MO
Posts: 4,255
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Quote:
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Originally Posted by flomo
Quote:
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Originally Posted by Chopper
Quote:
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Originally Posted by philly and the phanatics
kegs of pabst blue ribbon kegs are 35 here in tallahssee
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i used to get Olympia for $19, if you had the keg, and tapper. but, that was 1993...lol. |
1993
the cheapest we could find was $30 for a keg
usually a miller product
we were ballas ,,,for another 5 we got the bud |
even then, that was some kind of record...the stuff legends were made of. best part was my little brother came up that weekend for a visit, and he agreed he became a man that weekend...lol.
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LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.
Nothing beats flopping quads while dropping a duece!
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flomo
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Full House
Join Date: Mar 2006
Location: mashing potatoes
Posts: 878
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good story chopper 
making your brother a man is an excellent accomplishment
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Quote:
Originally Posted by bigred
Protect dog
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deacon_bluez
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Straight
Join Date: Nov 2006
Location: Minnesota, USA
Posts: 216
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Quote:
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Originally Posted by TLR
20% rake is a killer, try to move to the 3.25/3.40 ASAP
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A killer? Aren't we talking about the difference of a dime between 10% and 20% here? I know the guy's br is very tight right now, but....
Good luck on the br project.
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biondino
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4-of-a-Kind
Join Date: Apr 2005
Location: Putney, UK; Full Tilt,Mansion; $50 NL and PL; $13 and $16 SNGs at Stars
Posts: 3,170
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And how much do you expect to win per tourney? If you're making a 25% ROI you're doing very well, which means losing a dime means losing about 35% of your winnings!
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Chopper
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Straight Flush
Join Date: Dec 2005
Location: St. Louis, MO
Posts: 4,255
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Quote:
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Originally Posted by deacon_bluez
Quote:
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Originally Posted by TLR
20% rake is a killer, try to move to the 3.25/3.40 ASAP
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A killer? Aren't we talking about the difference of a dime between 10% and 20% here? I know the guy's br is very tight right now, but....
Good luck on the br project. |
its not the dime, its the % of BI that never makes it to the prize pool. that makes it much slower to climb to another level. besides, the longer it takes you to get out of the donkamental abyss, the more you subject yourself to cruel variance. variance is always there, true, but i believe its at its worst when people are only playing for a buck.
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LHE is a game where your skill keeps you breakeven until you hit your rush of random BS.
Nothing beats flopping quads while dropping a duece!
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TLR
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Moderator
Join Date: Aug 2004
Posts: 5,007
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Quote:
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Originally Posted by deacon_bluez
Quote:
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Originally Posted by TLR
20% rake is a killer, try to move to the 3.25/3.40 ASAP
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A killer? Aren't we talking about the difference of a dime between 10% and 20% here? I know the guy's br is very tight right now, but....
Good luck on the br project. |
Lets assume your ROI in a game with 10% rake is 20%, which is a decent ROI for a good player.
With buy in X and Rake 0.1X long term you win
0.2*1.1X = 0.22X, suppose I tell you you have to pay 0.1X more for each game, now your average win is 0.22X-0.1X = 0.12X, so you lose about 50% of your profit over the rake.
Going a step further I would say that if the rake was 30% (i.e $1+30c) the game would be pretty much unbeatable
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mrhappy333
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Full House
Join Date: Jan 2006
Location: Hartford, CT
Posts: 1,078
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welcome back!!
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3 3 3 I'm only half evil.
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MSG85
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Two Pair
Join Date: Feb 2006
Posts: 48
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Ok, so OP was obviously drunk when he made that post and is in a similar state right now ( I only post on FTR while wasted, obv.). Really, once I realised that poker could pay for beer I was absolutely stoked about the game. And although I'm expecting to pay for a bit more than beer this time around, any money I can gain from poker is awesome.
Anyway, thanks for all the kind words, and I completely agree than the fucking rake is kicking my ass, fortunately I know that I can beat the 5+50s and really any Mtt <$5.
Therefore, despite an 18% ROI in the fucking 1+ .20 bullshit touneys. I've run really really absurdly well (+120% ROI) while taking a couple shots at the $4 +40 180s (also a 5 card draw $4 +.40 tourney, I kick ass at that game and I could go on a long tangent about how playing 5cd has vastly improved my ability to read players, but I'll save that for when I can beat more than just fish at 5cd.) and one 5 +.50 NLHE SNG.
My roll is currently at $60 and things are looking up.
My stance on cash games is that I get really bored doing the same thing all the time, I'm a somewhat proven winner (at least before the ban I was) @ 25NL, but really, I can't concentrate while playing cash games, I don't find them enjoyable and I tend to get too agressive (I get bored if I can't justify stealing blinds).
So anyway, thanks for all the replies, I'll start posting some questions soon.
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