Hi, My Name Is Anthony And I Lost Three-Thousand Dollars Today

detroitdad

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What's your annual salary? How much do you have in your 401k or IRA?

His roll is essentially his income, or it can be closely estimated from knowing his roll.

I guess, but i didn't start a discussion thread about it, and say to ask me anything. I don't really care, i think it is a key piece of information that we're missing to accurately discuss this.
 

Anthony Martino

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In case you find my words rude, I apologize. Based on the information I fetched from this thread, I understand that you are playing under rolled for a living in a hyper swingy game. 100 hours is no sample. even my graph on nearly 1k hours is just a swing

I have 100 hours in the MONDAY game. I've been playing for a living since the end of September 2019 and play 4-5 days per week and have more than just that 100 hours

1/2 PLO with a $5 straddle and up to 1k buyin
2/5 PLO with a $10 rock buyins up to 2k
5/10 PLO with a $25 rock (buyins up to 5k but I buyin for $500 and short stack it)
30/60 fixed limit mixed games

My hourly is somewhere between 50-100 when combining all games

I guess, but i didn't start a discussion thread about it, and say to ask me anything.

I did say "ask me anything" but I never said I would answer everything ;)

My roll is mid to high 5 figures is about as specific as I'll get
 

RainmanTrail

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Bankroll requirements needed to avoid ruin are a function of win rate and variance. The softer the games are, the less you need to survive. Playing with around 50 buyins is definitely on the liberal side of the spectrum, but a really strong player playing in a weak game would almost never go broke with this bankroll. Whereas a typical winning reg almost certainly will. It's a tightrope. Keep tracking your data and try to be as objective and honest with yourself as possible. You can always step down in stakes if you feel vulnerable.

Edit - this was my 5000th post! Glad to see it was a constructive one rather than a trolling one. :ROFL: :ROFLMAO:
 
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Rhodeman77

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I’m surprised it has taken this long for @Anthony Martino to lose 3 buy-ins in a session. In PLO it is very easy fo find spots where Hero is a 40-50% equity favorite but only putting in 30% of the money. While this is a long term winning proposition, in the short term it is very easy to lose 3 of these in a row and be down $3k. Have it happen a few sessions in a row and the bankroll will take a massive hit.

I would consider going with 4 buy-ins of $500 and a last bullet of $1k if needed. It will give you more chances to win one of those big coin flip hands.
 

Anthony Martino

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I’m surprised it has taken this long for @Anthony Martino to lose 3 buy-ins in a session. In PLO it is very easy fo find spots where Hero is a 40-50% equity favorite but only putting in 30% of the money. While this is a long term winning proposition, in the short term it is very easy to lose 3 of these in a row and be down $3k. Have it happen a few sessions in a row and the bankroll will take a massive hit.

I would consider going with 4 buy-ins of $500 and a last bullet of $1k if needed. It will give you more chances to win one of those big coin flip hands.


This is actually my fourth time hitting my daily loss limit since I started in September. Depending on the lineup and stack sizes I do adjust my buyins up or down accordingly.

I LOVE the 1/2 PLO that's been going at hard rock lately, because they increased it from a $300 max to a $500 max, there's one optional $5 straddle and the players are mostly passive and straight-forward to play against. However sometimes it has difficulty gaining traction, but that may be a function of the WSOP Circuit that was in town, you'd get four guys waiting for a bigger game who'd jump into it and then all leave at the same time when a new higher-stakes table is called, causing the 1/2 to become short-handed and then it takes forever to fill those seats because of a combination of the room sometimes being slow calling names and players slow to come (or already being in other games and not sure if they want to leave, etc)

In that game I've been buying in for the max. Likewise in the 1/2 with a mandatory $5 straddle at Luckys I've been buying in for the 1K max because you'll get a few guys with 200-400 buyins and then some other guys between 800-1K so if I get it in I really only need to beat the bigger stacked player to at least break even or show a profit, and the players in general just have terrible hand selection, raising ranges and calling ranges.

The 2/5/10 PLO I'll buyin anywhere between 500-2K depending on the lineup of players. I play a fairly nitty style and avoid short-handed games, I know which players at the table are going to have strong hands and which are prone to spewing and play accordingly.

The 5/10/25 I short-stack for 500 because you get all the gamblers and some deep-pocketed regs that are just too aggressive with junky holdings, so I can get it in and have a shot to 3x-5x my stack while possibly only having to win against one hand at showdown.

This past week I got it in on the flop as a 70% favorite for a $1300 pot (flopped two pair against a guy with TPTK) and he caught runner-runner 4's to boat up and win.
 

Kain8

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then it takes forever to fill those seats because of a combination of the room sometimes being slow calling names

This is something you must absolutely address with the brush or poker manager. Notwithstanding that you are playing for a living, you are a (I assume) well known regular to the poker staff there. They should be placating you by filling your game up ASAP with how much you're paying in rake day in and day out.
 

Anthony Martino

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This is something you must absolutely address with the brush or poker manager. Notwithstanding that you are playing for a living, you are a (I assume) well known regular to the poker staff there. They should be placating you by filling your game up ASAP with how much you're paying in rake day in and day out.

This is a pretty big room with close to 50 tables, poker players don't matter to casinos and I'm small potatoes to the room anyway. Yes, over the course of a year I'll pay over 20 grand in rake plus tips, food, etc. but we still matter very little in the grand scheme of things.
 

Venturalvn

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I know which players at the table are going to have strong hands and which are prone to spewing and play accordingly.
As someone who has never considered playing for a living, I'm curious to know how you know this about the 5/10/25 player pool if you're regularly playing 1/2.

Is the pool that shared between the stakes? It seems odd that people would be moving up and down that much considering one game likely plays 3-4 times higher than the other.
 

Anthony Martino

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As someone who has never considered playing for a living, I'm curious to know how you know this about the 5/10/25 player pool if you're regularly playing 1/2.

Is the pool that shared between the stakes? It seems odd that people would be moving up and down that much considering one game likely plays 3-4 times higher than the other.


The 2/5/10 is 200-2k buyin

The 5/10/25 is 500-5k buyin

The bad gamblers and whales at 2/5/10 can't wait to jump into a 5/10/25 so player pools are shared.

and it attracts some of the local hyper-aggro NL Hold Em regs from the deepstacked 10/10 game that only have a bet and raise button that works

So you just play super tight and get it in with strong 4 card holdings. Gotta ride the variance train because showdown is guaranteed. But with shots to win 3-5x your stack and generally only have to beat 1-2 hands at showdown it can be very profitable

You need to give the crazies position on you, so when you limp, they raise, other deepstacks call, then you rip it and get the added benefit of dead money in there

Had a kid sitting on 18k to my left raising blind to 300 preflop constantly one time

Got my money in good first shot, but got rivered by a mr magoo looking guy who called off with QJ76 cause, you know, premiums?

Lost my 2nd 500 buyin on a 60/40 spot

Then tripled up next 500, doubled that, then got out
 

Payback

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This is actually my fourth time hitting my daily loss limit since I started in September. Depending on the lineup and stack sizes I do adjust my buyins up or down accordingly.


That's still an impressively low number given the stakes being played and it's PLO. I hit 3k swings easily in a 2/5 1k cap NLHE game and will often be in the 5k+ range for 5/T uncapped NLHE where I'm buying in for 2k. PLO is like double that so I'd expect to hit 3k swings monthly in the 1/2 $500 game and weekly in the 2/5/T game.

Maybe it's because I'm a pusher rather than a puller?
 

Ellasdaddy

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Man, as long as you're enjoying the minute-to-minute and the overall journey, don't ever let any swings get you down. You can always win and make more money. I enjoy reading your threads and living vicariously through your play.
 
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