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Average win rate for 1-2 NL at the casino

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#81 Provotrout


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Posted 03 May 2010 - 05:21 PM

View PostDonkSlayer, on Saturday, April 3rd, 2010, 1:49 PM, said:

Tip from the resident professional Risk Manager. Hedge, hedge, hedge.I saw some debate on whether poker can be an "investment" or not. Regardless, whether you're investing part-time or full-time, even +ev gambling can be very volatile, so when you go on a sick run, pick an average win rate that you can live with, and then take the rest and invest it in 1. building your bankroll and 2. money market/mutual funds, the latter split evenly between aggressive and secure plans.
Took all seed money + some profits off the table & put 'em in my favorite PIMCO fund. Now it's time to refocus and try to rebuild the roll. If that happens, repeat. If not, so be it.

#82 shynepo3


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Posted 04 May 2010 - 09:52 AM

View PostProvotrout, on Monday, May 3rd, 2010, 9:05 PM, said:

My rate's back down to $19/h in 1-2 & $33/h in 1-3 over 159hours. Lost three or so sessions in a row and had some pretty large intra-session swings. Still won ~$1k in April though, so it was a great month overall. Haven't been happy with the amount of $$ I've been putting at risk each session, and got kind of worn out working 50h/week then playing until 5am on weekends. So I've taken the last few weeks off regular stakes poker, just playing a few small stakes home games/tourneys and getting rest.Also, been able to string together a few weeks in a row winning online in small stakes .05-.10 & .10-.25 (where my talent level probably transfers relative to live competition). Been reading up on LAG play & experimenting with it on small stakes online, with success so far. Playing with aggressive types and developing an image as a rock can be kind of frustrating, so I've been working to get a better understanding of how a good TAG/LAG plays. The goal is to get more comfortable mixing up live play with more aggressive pf raises, while also better defending against the aggressive types. I've made enough at 1-2 to legitimize trying 2-5, and it seems that this sort of development should come before making the jump. Been having fun thinking about the game differently and learning how to take advantage of the style I've played for years. Out of curiosity, what stakes are you playing online? If you're making a serious dent in your bankroll playing online, you've gotta be playing mid-stakes.. Problem being, online mid stakes has some solid players. I'd be careful about risking money playing against that crowd.. Either way, good luck
It wasn't a serious dent, but i lost about 1100 online. I played mostly, 25nl and 50nl, occasionally chased losses on 200nl...however, it was clear that i was out of my league, and should have stuck with playing 10nl or 25nl at most. the thing is, when i was playing online (i probably did about 30 hours total), my live game became too aggressive because of 6max, and i strayed away from what i was doing when i was winning live. so, hence i started a losing streak in live games as well.I'm not sure if i can play both at the same time, and for now, i should stick to either live only or online only. I want to play online and maybe 1 day just play that (due to the convenience and ability to make more $$ quicker), but i know it's going to take me a LOOONG time to get to the level where i make the same amount of $$ playing live. online players are just too good. if i play 10nl or less, it feels like i'm not really playing for anything...and anything more, i'm just outclassed. for now, i'll continue to play live, and maybe i'll try online later in the year (provided i continue to win at live). $2/5 live has been good to me overall. anyways, good luck, and i think you should make that jump.

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