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Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc
Only mentioning LOLRAISE because he's one of the few who priveledges us with an answer.
Closest you boys have come to going bust? I, obviously, know nothing about youse.
But has it ever come close to considering a different career? Even with your edge has it run so bad you've considered something else?
Closest you boys have come to going bust? I, obviously, know nothing about youse.
But has it ever come close to considering a different career? Even with your edge has it run so bad you've considered something else?
Comments
Google Chino Reem and probation and read about players waiting for him at the casino to cash out after his win in the Epic Poker League.
Everyone goes broke from time to time.
There are truly exceptional people that dont and huge respect to them.
BRM is the hardest thing to get right IMO.
You will always get the 5% who start with £50 and spin it into 100,000 in one year but thats really run good and spin up big with max risk, like 50% of you BR on a cash table.
Once you have a nice roll then you can stop the gamble and just manage your Bankroll.
You could spin up with a bit of luck, one big MTT win will either let you play slightly higher and maintain a win ratio or just play too big and dump your money on table full of better players which 80% of winners do.
In this game the money tends to filter up the stakes in cash to the high rollers, the little fish get eaten and the fat fish just get fatter.
250 is 0.4% so yeah thats a BR nit )
obviously 50,000 is not his entire BR so he is a massive BR nit
2010 was terrible for me, went on 60bi downswing over 6week period in oct/nov ( />half of this is due to tilt/spew bad play etc) when i started taking shots at nl400. ended up underolled for nl100.
br nit /> no br
Tough, tough game this thing they call poker.
On the topic of BRM, I'd appreciate people's input on my own BRM.
I started with £20 and have gradually worked it up to £200 by playing 2p/4p (now 50 BIs) and I'm still playing at this level, do you think this is too tight? Or should I move up to 4p/8p?
so this would mean you only have 1% of your BR in play on one table
NL4 a BR of £80 is adequate to start - 20 buy ins
5% of your BR in play on one table
With £200 you HAVE to start playing NL10 now or at least try NL8 for a few 100 hands, maybe give it 1000 hands there but you gotta move up to NL10 soon with 20 BI's at that level, continuing at NL4 is just wasting your time lol.
Also if you do move up stay away from my tables !
I've done a lot of these sums for Blackjack, but that's a very different game and frankly one that's a lot easier to analyse. In online poker you can down-level almost to the penny tables to maintain a desired RoR (%age) where in BJ you can't - at some stage bet units will hit the table minimums.
I am multi-tabling but I'm relatively new to it so doing about 3 tables at the moment just til I get comfortable and can increase that a bit. Plus I hate mini-view so having to try and get used to that.
Yeah I just didn't know if because I'm playing 3 tables, if I play 8NL then that means I've got £24 on the table as soon as I sit down which seems like a big chunk of my £200 BR.
I guess we're working on the basis that alot of the people at this level are junk so in terms of ups and downs, your downs should be less??
My own experience, (brag btw) i spun $8 into $160 at NL4 plus a few MTT's, then moved up to NL8 and spun up to $196, obviously sticking to the 20 x BI rule. I then had a horrific run and suffered some really bad variance and dropped below $160. I knew this had affected my confidence for the first time and dropped back to playing small STT's to try and turn it around.
After a small break, (lakes for a week), i returned to NL4 and have taken an age to grind back up to $170-$180. I'm getting there. Only small scale stuff this but this seemed to stop the slide and stopped me tilting and losing everything and going busto. Do not move up a level to chase your losses, if anything drop down a level or two until you feel you are playing well again.
Good luck.
On the having £24 on the tables yes in theory this is what you do have but after playing multitable cash for a while now you soon realise that the only reason you do it is so you simply see more hands. If you're playing good solid poker (which is the ONLY way up to 10NL, maybe higher lol) then you'll just continue doing what you did on one table but it means you don't have to wait 10 years for the some guy to min bet 3 streets and the other to slow roll call down with 3rd pair, you always have action happening and this in turn stops you from playing too loose/getting bored.
Another thing with multitabling is when you get good days they can be REALLY good but of course you get the odd bad day that can be REALLY bad lol just about getting more good ones.
So if you playing four tables then your really playing four live sessions in one session.
Only move up when you feel comfortable playing 8NL or 10NL
If you feel your not playing the same then you should not be playing.
If your playing 20 buy ins you need to feel confident you can beat the level your playing.
Half your BR gone and you realise the step up was not a good idea, i know how this feels )
I would advocate waiting for 25 buy ins, give yourself a 5 buy in window to handle the variance to start with.