Discuss Poker Here Thread(OT)

Postby Alt » Mon Jun 25, 2007 15:41:16

seke2 wrote:Jesus christ. I want some of that action. 7.50/15 is technically miles out of my poker bankroll though, though usually I do play above my online stakes when I'm playing live.


Yeah I have no business playing at that level either but can't resist the action whenever I head down there. There are some good players at that level obviously, but there always seems to be 3-4 that would struggle at a 2/4 table.

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Postby seke2 » Mon Jun 25, 2007 15:44:05

The Red Tornado wrote:
seke2 wrote:Jesus christ. I want some of that action. 7.50/15 is technically miles out of my poker bankroll though, though usually I do play above my online stakes when I'm playing live.

Live a little. I'll bankroll you.

If you're serious, sometime I'll have to go to AC and you can stake me so we can split the risk. :-D

I really don't gamble much for the action as much as I do for the intellectual challenge, I'm generally a risk-averse person normally honestly, so I almost never play out of my roll.

But that sounds retardedly profitable, gawd.
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Postby The Red Tornado » Mon Jun 25, 2007 15:52:46

seke2 wrote:
The Red Tornado wrote:
seke2 wrote:Jesus christ. I want some of that action. 7.50/15 is technically miles out of my poker bankroll though, though usually I do play above my online stakes when I'm playing live.

Live a little. I'll bankroll you.

If you're serious, sometime I'll have to go to AC and you can stake me so we can split the risk. :-D

I really don't gamble much for the action as much as I do for the intellectual challenge, I'm generally a risk-averse person normally honestly, so I almost never play out of my roll.

But that sounds retardedly profitable, gawd.


Unless Im mistaken about what you sit down with (400-500? Ive only payed limit twice live, so Im not positive about the recommended bb/buy in ratio), I'd have no problem bankrolling you for that game.
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Postby pacino » Mon Jun 25, 2007 17:46:13

bankroll all of us trt with that sweet sweet money
thephan wrote:pacino's posting is one of the more important things revealed in weeks.

Calvinball wrote:Pacino was right.

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Postby pacino » Mon Jun 25, 2007 18:23:04

The Red Tornado wrote:
pacino wrote:No. Someplace else is screwing you over.



The 50K HORSE event just started! There are some crazy table assignments. Just big big players.


Ei Elezra is currently chip leader, my fave Gavin is up there as well.

Elezra's up past 600K, your boy Smith has 260 K

Ivey and Greenstein are above 200K, as is Greg Raymer

Every time I've checked the chip counts, Dan Harmetz is bottom 5...but he keeps hanging on. It would be remarkable if he somehow cashed
thephan wrote:pacino's posting is one of the more important things revealed in weeks.

Calvinball wrote:Pacino was right.

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Postby The Red Tornado » Tue Jun 26, 2007 10:23:53

pacino wrote:bankroll all of us trt with that sweet sweet money


I trust Dan more with winning than you. :P
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Postby Houshphandzadeh » Tue Jun 26, 2007 10:24:50

How much do you have to bring to a game of online poker to be competitive?

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Postby The Red Tornado » Tue Jun 26, 2007 10:26:19

pacino wrote:
The Red Tornado wrote:
pacino wrote:No. Someplace else is screwing you over.



The 50K HORSE event just started! There are some crazy table assignments. Just big big players.


Ei Elezra is currently chip leader, my fave Gavin is up there as well.

Elezra's up past 600K, your boy Smith has 260 K

Ivey and Greenstein are above 200K, as is Greg Raymer

Every time I've checked the chip counts, Dan Harmetz is bottom 5...but he keeps hanging on. It would be remarkable if he somehow cashed


My boy Gavin crapped out.

Some snippets from yesterday's action:

Cardplayer.com wrote:Elezra began Day Two with the chip lead of $561,000; he pushed that to over $650,000 in the late afternoon, only to come back to the field by day’s end. During one period, Elezra tormented the short stacks at his table by playing an entire Hold’em round blind. He would raise blind pre-flop, three betting it on several occasions. Then look away from the flop and bet blind again.

Several surviving players made truly amazing late day stands. Cyndy Violette was down under $10,000 twice just after the dinner break but she survives to play on Day Three with $60,000. Erick Lindgren has on life support as the last level of the night began but he declared: “I’m a Razz Machine!” and proceeded to double up three times in the final round. Lindgren begins Day Three almost where he began Day One, with $99,000.

With 52 players remaining, there are six players with over half a million chips: John Hanson ($650,000), Eli Elezra ($568,000), Toto Leonidas ($560,000), Allen Cunningham ($526,000), Kenny Tran ($510,000) and Justin Bonomo ($506,000). Bonomo went on tilt at the end of level twelve when he made miracle quads on the river only to discover that his already made boat was the worst hand in a huge three way pot. Bonomo took a walk after that hand to have a couple of drinks to settle down. “I could be the only person on the planet who goes on tilt after winning a pot” he quipped.
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Postby The Red Tornado » Tue Jun 26, 2007 10:33:46

Houshphandzadeh wrote:How much do you have to bring to a game of online poker to be competitive?


depends on the stakes and your long term goal

if youre like seke and play for long term profit, you want to have a large enough bank roll to cover your losses if you go on a bad run. Some pros say you should have 20-30 times the buy in amount of a session for an adequate bank roll.

seke mostly plays 20 dollar tourneys- so he should have at least 400 in his account, I'd guess he has alot more than that. If he was a cash player and played .50./1 NL he should have at least 2000 dollars as a bank roll (since buy ins are 100).

If youre like me and play for fun and some extra cash but isnt a huge deal when I lose- deposit what youre comfortable losing and then figure out what stakes to play from there. ex. I have 350 in my account right now, I usually play .25/.50 nl cash games and buy in for 50 or sometimes play 20 dollar sngs. I can afford to lose the 350 and not be hurt financially in the slightest. If I lose the bankroll I give playing a rest and then deposit again a few months later. Altho lately Ive been breaking even mostly and I even withdrew 1200 a few months ago from a hot streak.
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Postby traderdave » Tue Jun 26, 2007 10:47:12

The Red Tornado wrote:
Houshphandzadeh wrote:How much do you have to bring to a game of online poker to be competitive?


depends on the stakes and your long term goal

if youre like seke and play for long term profit, you want to have a large enough bank roll to cover your losses if you go on a bad run. Some pros say you should have 20-30 times the buy in amount of a session for an adequate bank roll.

seke mostly plays 20 dollar tourneys- so he should have at least 400 in his account, I'd guess he has alot more than that. If he was a cash player and played .50./1 NL he should have at least 2000 dollars as a bank roll (since buy ins are 100).

If youre like me and play for fun and some extra cash but isnt a huge deal when I lose- deposit what youre comfortable losing and then figure out what stakes to play from there. ex. I have 350 in my account right now, I usually play .25/.50 nl cash games and buy in for 50 or sometimes play 20 dollar sngs. I can afford to lose the 350 and not be hurt financially in the slightest. If I lose the bankroll I give playing a rest and then deposit again a few months later. Altho lately Ive been breaking even mostly and I even withdrew 1200 a few months ago from a hot streak.


If you don't mind sharing, how long did it take you to win that $1,200? I have to admit that I've been considering playing online as sort of a secondary income source. I do fine at my regular job but I wouldn't mind having a couple hundred extra each month.

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Postby The Red Tornado » Tue Jun 26, 2007 10:52:37

the 1200 came quick (<2 weeks?) because I playing at stakes above my means, and l got lucky. It was actually more than that as I spent 300+ to play in the WSOP main event qualifier and I lost 200 in one game. I also made over 1200 that same time period in live cash games and tournies. (My live game record is MUCH better and Im overall a decent winner) To make online poker an income of any sort you really have to be good. And I mean top 5-8% good. If you think youre good enough, then give it a shot at the microstakes and move up slowly, you may even have to make a step back along the way.
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Postby The Red Tornado » Tue Jun 26, 2007 10:56:12

The Red Tornado wrote:
Houshphandzadeh wrote:How much do you have to bring to a game of online poker to be competitive?


depends on the stakes and your long term goal

if youre like seke and play for long term profit, you want to have a large enough bank roll to cover your losses if you go on a bad run. Some pros say you should have 20-30 times the buy in amount of a session for an adequate bank roll.

seke mostly plays 20 dollar tourneys- so he should have at least 400 in his account, I'd guess he has alot more than that. If he was a cash player and played .50./1 NL he should have at least 2000 dollars as a bank roll (since buy ins are 100).

If youre like me and play for fun and some extra cash but isnt a huge deal when I lose- deposit what youre comfortable losing and then figure out what stakes to play from there. ex. I have 350 in my account right now, I usually play .25/.50 nl cash games and buy in for 50 or sometimes play 20 dollar sngs. I can afford to lose the 350 and not be hurt financially in the slightest. If I lose the bankroll I give playing a rest and then deposit again a few months later. Altho lately Ive been breaking even mostly and I even withdrew 1200 a few months ago from a hot streak.


BTW if youre playing multi tables, obviously you have to multiply your bankroll by the same amount of tables.
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Postby traderdave » Tue Jun 26, 2007 11:04:14

The Red Tornado wrote:the 1200 came quick (<2 weeks?) because I playing at stakes above my means, and l got lucky. It was actually more than that as I spent 300+ to play in the WSOP main event qualifier and I lost 200 in one game. I also made over 1200 that same time period in live cash games and tournies. (My live game record is MUCH better and Im overall a decent winner) To make online poker an income of any sort you really have to be good. And I mean top 5-8% good. If you think youre good enough, then give it a shot at the microstakes and move up slowly, you may even have to make a step back along the way.


Good stuff. Thanks, TRT!

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Postby The Red Tornado » Tue Jun 26, 2007 11:13:12

traderdave wrote:
The Red Tornado wrote:the 1200 came quick (<2 weeks?) because I playing at stakes above my means, and l got lucky. It was actually more than that as I spent 300+ to play in the WSOP main event qualifier and I lost 200 in one game. I also made over 1200 that same time period in live cash games and tournies. (My live game record is MUCH better and Im overall a decent winner) To make online poker an income of any sort you really have to be good. And I mean top 5-8% good. If you think youre good enough, then give it a shot at the microstakes and move up slowly, you may even have to make a step back along the way.


Good stuff. Thanks, TRT!


Im a far cry from being a bank roll expert- you should google Chris Ferguson and his essays on how he tries to turn 20 dollars into 20K based on bank roll management.
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Postby traderdave » Tue Jun 26, 2007 11:16:36

The Red Tornado wrote:
traderdave wrote:
The Red Tornado wrote:the 1200 came quick (<2 weeks?) because I playing at stakes above my means, and l got lucky. It was actually more than that as I spent 300+ to play in the WSOP main event qualifier and I lost 200 in one game. I also made over 1200 that same time period in live cash games and tournies. (My live game record is MUCH better and Im overall a decent winner) To make online poker an income of any sort you really have to be good. And I mean top 5-8% good. If you think youre good enough, then give it a shot at the microstakes and move up slowly, you may even have to make a step back along the way.


Good stuff. Thanks, TRT!


Im a far cry from being a bank roll expert- you should google Chris Ferguson and his essays on how he tries to turn 20 dollars into 20K based on bank roll management.


Awesome - I was trying to think of a way to waste some time at work today :lol:

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Postby The Red Tornado » Tue Jun 26, 2007 11:18:33

Scroll down to "Fulltilt POker Podcast #2 for Ferguson's podcast on turning $1 into $20K online.
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Postby seke2 » Tue Jun 26, 2007 11:22:52

The Red Tornado wrote:seke mostly plays 20 dollar tourneys- so he should have at least 400 in his account, I'd guess he has alot more than that. If he was a cash player and played .50./1 NL he should have at least 2000 dollars as a bank roll (since buy ins are 100).

my "main" game is $60 sit and gos, actually. i have roughly 4.5k in my online accounts (mostly at stars, small bit at FT) but i consider my online poker bankroll to be ~7k as i withdrew 2.5k a few months ago as the legislation was heating up to make sure i'd have my hands on SOME of my money.

in terms of how quickly i earned my roll, i earned most of it pretty quickly during a period between november of 2005 and april of 2006 when i was playing seriously and playing a lot. since i met my now-fiancee early last year, i have played a lot less because, well, i'd rather spend time with her (i know, i know, lay off). but i've probably earned about 1-2k over the course of the last year or so even though i haven't played as much. i've played higher stakes and my ROI hasn't really dropped much so i've earned a nice hourly rate, i'm just not putting in the hours like i did before.

i probably play a little safer than most people, BR-wise, but a 100-buyin bankroll for a regular sit and go player is not unreasonable. i could probably be playing $100 sit and gos and my bankroll would be considered adequate for that as well.
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Postby The Red Tornado » Tue Jun 26, 2007 11:27:11

Let me know when you wnat to be staked for the pink chip game...
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Postby The Red Tornado » Tue Jun 26, 2007 11:32:42

seke2 wrote:
The Red Tornado wrote:seke mostly plays 20 dollar tourneys- so he should have at least 400 in his account, I'd guess he has alot more than that. If he was a cash player and played .50./1 NL he should have at least 2000 dollars as a bank roll (since buy ins are 100).

my "main" game is $60 sit and gos, actually. i have roughly 4.5k in my online accounts (mostly at stars, small bit at FT) but i consider my online poker bankroll to be ~7k as i withdrew 2.5k a few months ago as the legislation was heating up to make sure i'd have my hands on SOME of my money.

in terms of how quickly i earned my roll, i earned most of it pretty quickly during a period between november of 2005 and april of 2006 when i was playing seriously and playing a lot. since i met my now-fiancee early last year, i have played a lot less because, well, i'd rather spend time with her (i know, i know, lay off). but i've probably earned about 1-2k over the course of the last year or so even though i haven't played as much. i've played higher stakes and my ROI hasn't really dropped much so i've earned a nice hourly rate, i'm just not putting in the hours like i did before.

i probably play a little safer than most people, BR-wise, but a 100-buyin bankroll for a regular sit and go player is not unreasonable. i could probably be playing $100 sit and gos and my bankroll would be considered adequate for that as well.


Since your fequency has decreased arent you losing money by not having that in regular banking accounts? Why not keep it in an specific interest account and deposit smaller amounts as you need them to play?
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Postby seke2 » Tue Jun 26, 2007 11:58:01

The Red Tornado wrote:Since your fequency has decreased arent you losing money by not having that in regular banking accounts? Why not keep it in an specific interest account and deposit smaller amounts as you need them to play?

Because the legislation has made a serious pain to do so. If we were in a pre-legislation era, I'd probably have moved most of my money to my money market accounts. Now, I just don't want to deal with the hassle of getting money in and our of the accounts.
Letting Roy Halladay loose against the National League this year was like locking a hungry wolf inside a garage full of kittens. - Neyer

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