Fallen from grace

[Chili]

hey my credit rating is already shocking enough probably given the amount of gambling transactions over the years lol.

do gambling transactions seriously affect your credit rating? never knew this

no they dont - although you own bank may not want to let you money if they see the transactions on your statements.  in terms of credit rating though, no effect.

A few years ago when I was arranging a bank loan to buy a business, there was a delay on the final decision because they wrote to ask me the meaning of various transactions from poker/betting sites on my bank statements.

I had to write them a letter to explain myself before they made their final decision! They loaned me the money in the end but it wasn't that pleasant feeling like a degenerate.  If I remember rightly I blamed the transactions on my dad

GL Ged btw.

[Mitch]

hey my credit rating is already shocking enough probably given the amount of gambling transactions over the years lol.

do gambling transactions seriously affect your credit rating? never knew this

no they dont - although you own bank may not want to let you money if they see the transactions on your statements.  in terms of credit rating though, no effect.

A few years ago when I was arranging a bank loan to buy a business, there was a delay on the final decision because they wrote to ask me the meaning of various transactions from poker/betting sites on my bank statements.

I had to write them a letter to explain myself before they made their final decision! They loaned me the money in the end but it wasn't that pleasant feeling like a degenerate.  If I remember rightly I blamed the transactions on my dad

GL Ged btw.

Just win at the pokerz and you wont have so many deposits coming up on your statement, ldo.

Or in your case Maria, your gonna just have to keep blaming your Dad. 

[sovietsong]

Seperate account ftw! Only the transactions which are looked at would effect any lending application, your credit report would be fine.

[EvilPie]

One thing that leaps out at me here is that despite being in a pretty desperate financial situation you are still planning on going on holiday.

Surely the money spent going on a holiday would be better invested in bringing forward your move up to the higher limits?

Yes we all need a break once in a while but occassionally we have to make sacrifices for the greater good.

GLGL with this. Will be watching intently.

[stato_1]

Was in fairly similar situation to TheFallen in terms of joining this forum, have played a lot online and recently quite a lot live as well. Have been meaning to sign up and post here for quite a while but this thread has finally given me a kickstart to doing so.

GL Ged, one of the nicest guys I've met in my time playing at DTD, and far too good a player to be in this situation, fortunately that also makes him far too good to be in it for long

On the plus side, now ur not playing at DTD for the time being, maybe i might get someone to fold 3rd pair when I triple barrel bluff

[eartoplay]

HAVE A HOLIDAY AND RELAX for a while

[Mitch]

On the plus side, now ur not playing at DTD for the time being, maybe i might get someone to fold 3rd pair when I triple barrel bluff

It wont be me.

[RED-DOG]

Are you any relation to Fallen from Dynasty?

[kinboshi]

Are you any relation to Fallen from Dynasty?

Played by a few actresses, including Emma Sams, who I had a crush on when I was a young teenager.

Wasn't she the one who was abducted by aliens or something in one storyline?

[Geordie888]

Are you any relation to Fallen from Dynasty?

Played by a few actresses, including Emma Sams, who I had a crush on when I was a young teenager.

Wasn't she the one who was abducted by aliens or something in one storyline?

That's some hair...


Couple of things I really like about her...

[gouty]

hi m8
good luck with your grind. I play 2/2 omaha at dtd once a month and 3 times a week £1/2 omaha or round of each live in my local casino and am beating both games last 12 months for a very nice profit.

my question is why cant i beat 50c/$1 omaha online?
I just seem to tilt like crazy in front of a laptop where I dont tilt at all live. I did spin $200 bucks into 10k last christmas eve drunk but that is the only cashout i ever had in 3 years online. have you any advice for me?

i look forward to following your thread and best of luck Ged


Alex

[GreekStein]

hi m8
good luck with your grind. I play 2/2 omaha at dtd once a month and 3 times a week £1/2 omaha or round of each live in my local casino and am beating both games last 12 months for a very nice profit.

my question is why cant i beat 50c/$1 omaha online?
I just seem to tilt like crazy in front of a laptop where I dont tilt at all live. I did spin $200 bucks into 10k last christmas eve drunk but that is the only cashout i ever had in 3 years online. have you any advice for me?

i look forward to following your thread and best of luck Ged


Alex

Play to a bankroll and you won't tilt as much.

$200 spin ups is great when they come off, but unless you have a set bankroll in place with plenty of buy ins, you're going to lose, no matter how good u are.

[TheFallen]

hi m8
good luck with your grind. I play 2/2 Omaha at dtd once a month and 3 times a week £1/2 Omaha or round of each live in my local casino and am beating both games last 12 months for a very nice profit.

my question is why cant i beat 50c/$1 Omaha online?
I just seem to tilt like crazy in front of a laptop where I dont tilt at all live. I did spin $200 bucks into 10k last christmas eve drunk but that is the only cashout i ever had in 3 years online. have you any advice for me?

i look forward to following your thread and best of luck Ged


Alex

Play to a bankroll and you won't tilt as much.

$200 spin ups is great when they come off, but unless you have a set bankroll in place with plenty of buy ins, you're going to lose, no matter how good u are.

Hi Alex.
Heres my take,

Omaha online is a lot different to Omaha live i think (way bigger gap than online vs. live holdem). Online regs may or may not be tougher than live regs but the big difference is that online there is hardly ever the few huge, very apparent marks with sizeable stacks that you can focus your game towards - so overall it makes winrates a lot smaller.  

Other notable things about the online games is the stacks are usually a lot, lot shorter than live games (especially considering the distinct tendency to raise and re-raise preflop online way more and limping live), this means that there are a lot more yucky spots where you may have to stack off with almost negligible EV. For instance calling a 3B with JQ78 in position, calling a QT7ssh flop, seeing on the turn and being faced with another barrel from your opponent who has only around another 2/3 pot behind. Stacking off here might be slightly +EV vs this villain yet 8 out of the first 10 times you do so he may have a hand that just absolutely dominates you such as TTxx or QTxx. In a live game it is often a lot easier to pot control and with stacks being so much deeper people are usually way less inclined to stick in another huge turn bet in the same situation with the slightly more marginal end of their range such as AcKsKc10s.

Basically your variance or standard deviation should be way lower in live games. Lower variance = less epic run bad streaks + less incentive to tilt or question your game.  

My best advice would be to try dropping in stakes a bit and instead try buying in on deep tables (I know tilt, stars and ipoker offer 250bb buyin games now). So instead of playing $.5/$1 with $100 play $.25/.5 and buyin for $125 or $100. This may be more suited to your game and be a good segway into the shallower games down the road. Also just embrace Omaha variance rather than fight it because it's just too f' sick to even get your head around sometimes :-S..... I should know, I once had a winning session of it, considering the way I play that had to be minimum 10,000-1 feat right there :-P.

if u wana see something depressing have a play around with this. N.B. your standard deviation for online plo should be a minimum of 100bb and the very best players winraters probably will hardly ever exceed 12bb/100 at $.5/1 longterm.  http://www.evplusplus.com/poker_tools/variance_simulator/

hope any of that helps a bit. glgl =D

[gouty]

Ged

Thanks for taking the time to respond. What a great reply, it makes a lot of sense especially the limping in the live games which makes pot control on flop/turn much easier is just not happening in online games due greater agg/skill levels. And you are correct I do tend to make 75% of my live profit from 25% of the players. I will have a look at the 100bb games on ft.

I know I should do the old bankroll thing but play mainly for fun and feel thats for the pros. I just find it amazing how different online and live cash omaha games are and thats why I take my hat off to you for grinding out any kind of living online

Thanks again
Alex

[GreekStein]

Gouty, the other thing is online I'm guessing you're playing 6-max PLO and live ur playing full ring.