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I'm also curious what % of players playing the lowest stakes live games would be winning in the lowest stakes online games. I'm guessing like 30% maybe?
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Apr 6, 2023 21:03
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There is a problem with rake or drop at very low stakes. The issue is no casino is gonna deal in loose change at the table, so the bare minimum rake at any table is the size of the smallest chip in play (and actually most of them rake more). In a 1/2 game, if the hand folds around to the big blind that's the worst case scenario because the pot is $3 and the drop will be at least $1, so the BB lost 33% of the pot. The result is that pros will tell you it is very difficult to have a worthwhile income from winning at 1/2. Here's a decent article laying out the math and using some stats to help show it: https://www.pokernews.com/strategy/the-impact-of-rake-in-low-stakes-cash-games-33298.htm That doesn't mean you shouldn't play at small stakes, it's probably where you should start if you want to play live poker, just to learn how live play works without risking as much bankroll. Just, guys like Bart Hanson advise you move up in stakes as soon as you can afford it because even if you're decent you're probably earning less than minimum wage at a 1/2 table. e. note you will also owe income taxes on your winnings.
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Apr 6, 2023 21:17
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Hmm, with that in mind, what would you recommend being the smallest stakes to play online at some place like Global? Or is that mostly a live issue? I putz around at nl20, but I should probably just deposit more and move up a bit so I'm not wasting my time trying to beat the rake.
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Apr 6, 2023 21:38
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Online there's no problem taking fractions of dollars (or even cents) so rakes can be more reasonable. I don't know if that means they are reasonable, just that they can be.
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Apr 6, 2023 21:43
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You can get ahead in 20nl imo. If you’re new or learning or don’t wanna risk your roll nothing wrong with playing microstakes
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Apr 6, 2023 21:47
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Leperflesh posted:There is a problem with rake or drop at very low stakes. The issue is no casino is gonna deal in loose change at the table, so the bare minimum rake at any table is the size of the smallest chip in play (and actually most of them rake more). In a 1/2 game, if the hand folds around to the big blind that's the worst case scenario because the pot is $3 and the drop will be at least $1, so the BB lost 33% of the pot. thanks for the info, it seems like microstakes is really more my speed. just need to get ny to legalize online poker. still no online options in ny state right?
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Apr 6, 2023 22:05
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Online poker has become increasingly infested with cheating and I suspect it'll never be fully legal in the US again, and the few states where it is legal will probably eventually have to claw that back. I've linked this before: https://www.youtube.com/watch?v=bZY7buMhTc8 I'm not saying don't play online poker, mind you: I think at microstakes the cheating is more of the low-level "two guys at the table are actually friends and are on a discord sharing their hands with each other" and less of the "organized stable of players are feeding their big hands to a pro and handling all the small hands for a fraction of their payout" but ultimately there's fuckall the online poker rooms can do about the worst sorts of cheating. re: New York State, https://www.pokernewsdaily.com/no-online-poker-or-casino-gaming-in-new-york-in-2023-38208/ nope
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Apr 6, 2023 22:16
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Leperflesh posted:The result is that pros will tell you it is very difficult to have a worthwhile income from winning at 1/2. I've got a confession to make, I still haven't played live 2/5 because I'm a little bitch about cash games. I used to play the highest SNG stakes available, but I'm over here at live 1/2. Honestly when I'm in vegas, bumhunting 1/2 tables is crazy entertainment. Maybe the money is better at 2/5, but are the stories and entertainment as good? I dunno. I guess even though I almost always make money, you're right, it ain't much. But it's so drat hard to actually ever know if you're winning at live, just can't get enough hands in, unless you're part of a team or something eh? So isn't it all about the entertainment? Last time we were at the MGM late night, this dude jumps up and starts doing laps around the room, arms raised in the air, screaming his head off "I'M THE GREATEST POKER PLAYER OF ALL TIME, I'M THE GREATEST!", actual multiple laps of this around the entire room, even though he's stumbling drunk. With the floor chasing after him. The room is just breaking down laughing. When he stopped to try to rip his shirt off, the floor manages to grab him. They get his chips, and usher him off - to probably almost everyone's disappointment, lol. I go to take a break and ask my friend if he was playing with that guy, what the story was. My friend goes ".......uhhh yah, he stacked me", all shamefacedly. So now, every time I see my friend, I do a little lap around him. "I'm the greatest, I'm the greatest!" His undeniable massive massive leak is trying to bluff drunks, this wasn't the first time! How can you put a price on that? Leperflesh posted:e. note you will also owe income taxes on your winnings. Save your markers boys! Baddog fucked around with this message at 22:00 on Apr 7, 2023 |
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Apr 7, 2023 18:49
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Yeah I'm here handing out advice like I know something but I have never played live outside of a casual home game lol. I just watch fuckloads of poker videos and read poker books and posts and can regurgitate what I've learned. You make a drat good point though, which is: if you are playing for entertainment, merely not losing your bankroll is sufficient to "win." Who cares if you're only making $10 an hour playing 1/2, if it's fun? Like I watch a ton of Bart Hanson's videos and Crush Live Poker is intended to help people play for money, but "recreational player" being a bad thing isn't really intended to be the message, even though rec players are usually the fish at the table. Play recreationally and have fun and you're not losing! Last time I was in a casino (not playing poker) I lost a couple hundred, while my best friend sat next to me and lost a thousand +, for like 3 hours of entertainment. So yeah, gently caress.
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Apr 7, 2023 18:53
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yes i too have gotten owned by a drunkard who came to a $1/$2. heavily intoxicated, constantly saying how these baby stakes were too low for him and that none of these bets are that big.. not in a funny way but more of a condescending thing to make sure everyone knew how much money he had anyways i was card dead but finally got AA and raise against him, long story short we get to the river i flip over my hand. he flips over 22 with a 2 on the board but he's drunk so it takes him a second to register.. and as he's raking in MY chips he keeps saying, "i don't even care about this money. this isn't even that much money to me" but yeah 1/2-1/3 kinda stakes are probably more +EV than 2/5 in vegas. the bellagio 5/10 is/was bad enough though where that is probably +EV to play in. i'm never rolled properly for the game since i don't want to carry like 3 bullets for that game on me and i don't like atm fees. i think with all the saving i've done these past 3 years not going out i may try it next time i go. Strong Sauce fucked around with this message at 19:09 on Apr 7, 2023 |
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Apr 7, 2023 19:07
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Don't do this if you're a degenerate, but it's actually pretty easy to get credit at the casino, and that obviates the need to carry large sums of cash to and from. They want you to play it at the tables, but they can't really keep you there once you get it. I like playing blackjack, so I don't really run as soon as I get chips, but as long as you play just a few hands I'm sure it's ok. I'm always shaking my head at the stories of people getting caught with 20k+ in their bag, and the cops seized it because they think it's drug money. Especially internationally. Maybe the issue is that poker players tend to not have passable credit scores?
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Apr 7, 2023 21:57
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Baddog posted:Don't do this if you're a degenerate, but it's actually pretty easy to get credit at the casino, and that obviates the need to carry large sums of cash to and from. Can't you arrange to have money wired to your casino of choice? I always assumed that's what people with large sums of money did because walking out five figures just seems dumb.
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Apr 7, 2023 22:11
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I do remember people doing wires but never for markers for poker. Did you do something like this? https://nccreports.com/application/?planethollywood I found this through Caesar's website. I'm sure they have some info on me, and I know why they need this info but that's a lot of info just for me to transfer $10K. also as a tech guy, i have zero faith they're keeping their data secure.
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Apr 7, 2023 22:19
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Sataere posted:Can't you arrange to have money wired to your casino of choice? I always assumed that's what people with large sums of money did because walking out five figures just seems dumb. Yah, I think so! I've just always done credit because I feel like they want you to be playing on their money.
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Apr 7, 2023 22:21
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Strong Sauce posted:I do remember people doing wires but never for markers for poker. That's to get credit, not for wiring money to them. I think just call the cage and ask what their procedure is for wires. Probably minimal paperwork, although they might have a minimum amount they want to deal with?
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Apr 8, 2023 01:06
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i meant did you have to fill something out like that when you did credit. your original post talked about credit.
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Apr 8, 2023 01:42
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Leperflesh posted:In a 1/2 game, if the hand folds around to the big blind that's the worst case scenario because the pot is $3 and the drop will be at least $1, so the BB lost 33% of the pot. This is not true of most games. Instead, if it folds around to the blinds, they will chop -- take back their blinds, no rake, dealer button moves and the next hand is dealt. https://www.youtube.com/watch?v=wdZH8pRU_qE
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Apr 8, 2023 01:59
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Strong Sauce posted:i meant did you have to fill something out like that when you did credit. your original post talked about credit. Hmm I don't remember having to ever give two bank account numbers. Or my exact height and weight, hah! You're right, it's a bit excessive. I just checked red rocks and it looks identical. I guess this is the new standard now?
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Apr 8, 2023 03:43
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ragle posted:This is not true of most games. Instead, if it folds around to the blinds, they will chop -- take back their blinds, no rake, dealer button moves and the next hand is dealt. Gosh! That's actually kind of nice of them I guess! Strong Sauce posted:I'm sure they have some info on me, and I know why they need this info but that's a lot of info just for me to transfer $10K. All cash transfers of $10k or more, for any reason anywhere in the US, have to be recorded and reported to the government. It's an anti-money-laundering law. Casinos are particularly stringent about it because they don't like risking getting shut down by the feds. Also do not try to evade that law by stringing together multiple transactions below $10k, the feds are on to that trick! This form has a bit more info on it than I'd expect, but maybe they also want to be able to report your tax stuff or w/e? Also I bet the reason so many gamblers prefer cash and walk in and out with stacks of it is to evade taxes, probably.
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Apr 10, 2023 01:06
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Leperflesh posted:Gosh! That's actually kind of nice of them I guess! More importantly, structuring transactions in that way is a federal felony in and of itself even if the source of funds and whatever you're doing with them is perfectly legitimate otherwise. It's how they got Dennis Hastert.
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Apr 10, 2023 14:22
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https://twitter.com/KevinRobMartin/status/1652760368241061890 https://twitter.com/NikkiLimo/status/1652710129899540481
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May 1, 2023 21:31
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RIP to one of the goats https://twitter.com/LasVegasLocally/status/1657914081188388870
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May 15, 2023 02:36
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Dang. Texas Dolly. I saw him playing on a stream just a couple months ago. What a legend.
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May 15, 2023 04:10
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suprisingly I first heard the news in YOSPOS where someone poste in memoriam of him brutally clowning a widely hated venture capital dude
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May 15, 2023 04:33
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I won a $109 SCOOP ticket in the Pokerstars Chests and Ladders thing. I'm not anywhere near a $109 buy-in online poker player. Any general tips for playing the $109 main event, other than trying not to blow off all my chips on the first day?
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May 26, 2023 12:16
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Olewithmilk posted:I won a $109 SCOOP ticket in the Pokerstars Chests and Ladders thing. I'm not anywhere near a $109 buy-in online poker player. Any general tips for playing the $109 main event, other than trying not to blow off all my chips on the first day? The main is gonna play like an $11 anyway, I wouldn’t sweat it. Play your normal game for the structure
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May 26, 2023 13:06
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mfcrocker posted:The main is gonna play like an $11 anyway, I wouldn’t sweat it. Play your normal game for the structure Yep! Absolutely the biggest thing is not to get all super tight because you are stressed out about it being a higher buyin than you normally play.
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May 26, 2023 19:11
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Cool, will just try not to think about the buy-in amount, thanks  Will let you know how I get on.
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May 26, 2023 19:29
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Harminoff posted:RIP to one of the goats drat. RIP Doyle.
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May 26, 2023 23:38
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I've had trouble moving up in stakes with NL, but ACR started offering 5 card PLO8 and I ended up with my second four figure score yesterday in a $109 bounty tournament. Prior to this I hadn't so much as cashed in an online tournament above $22.
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May 27, 2023 17:08
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Congrats! Whenever I start thinking about PLO8 my head hurts.
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May 28, 2023 16:19
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Olewithmilk posted:Congrats! Whenever I start thinking about PLO8 my head hurts. I've always wanted to learn how to play it better because it is a popular live game here with reckless degenerates and I feel there is a strong opportunity to make real money just by being disciplined. I have a basic understanding of the game and can do well enough in tournaments, but low level cash games will be a short-term high variance/long-term high ROI game.
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May 29, 2023 02:27
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https://twitter.com/TrungTPhan/status/1663585314575900673
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May 31, 2023 07:29
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triple-0? goddamn. At some point americans are hopefully gonna get more selective with their gambling. We got a lot of choice now, but somehow its a race to the bottom.
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May 31, 2023 07:36
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Baddog posted:triple-0? goddamn. poo poo's absurd, I don't ever see even 00 in UK casinos
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May 31, 2023 09:43
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Yeah I remember seeing single 0 on the roulette tables. Also Blackjack was 3:2 but they followed the European rule of only dealing one card to the dealer and not dealing the second until after all the players played their hand... which sucked
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May 31, 2023 09:54
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Is there a list of casinos that changed blackjack payouts?
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Jun 8, 2023 08:18
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With triple zero roulette, I believe the house edge x min bet of $25 is greater than $100 x single zero Euro rules roulette edge
Lote fucked around with this message at 21:08 on Jun 9, 2023 |
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Jun 9, 2023 21:05
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Lote posted:With triple zero roulette, I believe the house edge x min bet of $25 is greater than $100 x single zero Euro rules roulette edge I still think about triple zero roulette and lol. There are infinite numbers of suckers, and I expect to see quad zero wheels in my lifetime. Fully 10% of the wheel being green. Just imagine it.
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Jun 11, 2023 03:55
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| # ? May 8, 2024 08:45 |
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https://www.youtube.com/watch?v=ggD-SXILgEU
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Jun 20, 2023 22:29
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