blonde poker forum
Welcome, Guest. Please login or register.
March 29, 2024, 01:21:37 PM

Login with username, password and session length
Search:     Advanced search
2272484 Posts in 66752 Topics by 16945 Members
Latest Member: Zula
* Home Help Arcade Search Calendar Guidelines Login Register
+  blonde poker forum
|-+  Poker Forums
| |-+  Diaries and Blogs
| | |-+  The Best In The Business
0 Members and 1 Guest are viewing this topic. « previous next »
Pages: 1 ... 574 575 576 577 [578] 579 580 581 582 ... 599 Go Down Print
Author Topic: The Best In The Business  (Read 1416384 times)
pleno1
Hero Member
*****
Offline Offline

Posts: 19107



View Profile
« Reply #8655 on: November 06, 2017, 01:25:22 AM »

One other thing I wanted some thoughts/opinions on is bankroll management in these live tournaments. How much should I take of myself in a soft field small field, how much in a tough field small field, how much in a soft field big field etc.

This is not my BR and don't want to stipulate what it is/isn't but lets just work off a cool $1m so its easy for people to work out.

Any recommendations of how much to take in the different tournaments? Any guidelines or strong opinions, including controversial ones? Would love some discussion on this.
Logged

Worst playcalling I have ever seen. Bunch of  fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
mikeymike
Sr. Member
****
Offline Offline

Posts: 425


View Profile
« Reply #8656 on: November 06, 2017, 12:58:27 PM »

Lets say you have £2 million cash in the bank, some of which you invest into other players and some into your own business.

I would cut my bank roll by two thirds – and invest into a house and some long term investment trust to secure your future. (You may have already done this) you might have £6 million so using your surplus cash  building your poker brand does not matter.

When you are in your early twenties and thirties making money then losing money does not matter so much as you can start again
.
In your forties – and if you have family losing everything you have can be very hard to rebuild but is still doable.

In you fifties rebuilding if you lose everything can be a nightmare –

I speak from my own experiences – having made and lost the lot on three occasions – now that I am back to a point where I have built it back up – and I am nearing sixty – I have been lucky – I look back and think why did I not take my own advice and secure my future when I had the opportunity.
Logged
cambridgealex
Hero Member
*****
Offline Offline

Posts: 14876


#lovethegame


View Profile
« Reply #8657 on: November 06, 2017, 03:22:26 PM »

 Click to see full-size image.


Great day for the bet, Tomi final tabled 2 WCOOPs low for 60+k, I managed to win the bb215 for $18k and Tomi had a big score yesterday at Party.

Swedes will always pile pressure on us though, will be very fun bet to follow hopefully Smiley

I'm updating on instagram story feature on twitter, "bitbstaking" including singing in the shower today....


What was the final tally?

For some reason this irks me. Why make a big poster about a bet, do some updates and then not reveal the outcome and ignore questions about it?
Logged

Poker goals:
[ ] 7 figure score
[X] 8 figure score
SuuPRlim
Hero Member
*****
Offline Offline

Posts: 10536



View Profile
« Reply #8658 on: November 06, 2017, 04:13:07 PM »

One other thing I wanted some thoughts/opinions on is bankroll management in these live tournaments. How much should I take of myself in a soft field small field, how much in a tough field small field, how much in a soft field big field etc.

This is not my BR and don't want to stipulate what it is/isn't but lets just work off a cool $1m so its easy for people to work out.

Any recommendations of how much to take in the different tournaments? Any guidelines or strong opinions, including controversial ones? Would love some discussion on this.

you should pay some Maths guy ~£250 for a days work to calculate different BR strategies depending on - risk level, growth target and maximum exposure levels, with some long term & short term variance calculations included.

I think for the P-Files thing btw you don't need a poker guy you need a data scientist, give him the data (or her) or tell them where to get it from and then say what you want it to look like on the other end.
Logged

arbboy
Hero Member
*****
Offline Offline

Posts: 13285


View Profile
« Reply #8659 on: November 06, 2017, 05:42:06 PM »

 Click to see full-size image.


Great day for the bet, Tomi final tabled 2 WCOOPs low for 60+k, I managed to win the bb215 for $18k and Tomi had a big score yesterday at Party.

Swedes will always pile pressure on us though, will be very fun bet to follow hopefully Smiley

I'm updating on instagram story feature on twitter, "bitbstaking" including singing in the shower today....


What was the final tally?

For some reason this irks me. Why make a big poster about a bet, do some updates and then not reveal the outcome and ignore questions about it?

Probably obvious why there wasn't any updates.  The Scandos got it quietly i would imagine.
Logged
rfgqqabc
Hero Member
*****
Offline Offline

Posts: 5483


View Profile
« Reply #8660 on: November 06, 2017, 05:58:55 PM »

I think I saw an update on 2+2 that said BITB won first week, second week bet was upped and Swedes won, third week was cancelled. I can't find it now though.
Logged

[21:05:17] Andrew W: you wasted a non spelling mistakepost?
[21:11:08] Patrick Leonard: oll
pleno1
Hero Member
*****
Offline Offline

Posts: 19107



View Profile
« Reply #8661 on: November 06, 2017, 06:53:39 PM »

We ended up winning a little bit. We won first week, they won second, third week they decided to focus more on the mixed games (the last week is high buy in mixed games generally) we said sure, last week had the 25k that I came 4/5th in for 250ish but we would have won.

Sorry for the irkage, genuinely didn't knew you guys were even following, maybe the marketing actually is gto after all!
Logged

Worst playcalling I have ever seen. Bunch of  fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
verndog158
Hero Member
*****
Offline Offline

Posts: 2016


omgpoker


View Profile
« Reply #8662 on: November 06, 2017, 10:33:37 PM »

One other thing I wanted some thoughts/opinions on is bankroll management in these live tournaments. How much should I take of myself in a soft field small field, how much in a tough field small field, how much in a soft field big field etc.

This is not my BR and don't want to stipulate what it is/isn't but lets just work off a cool $1m so its easy for people to work out.

Any recommendations of how much to take in the different tournaments? Any guidelines or strong opinions, including controversial ones? Would love some discussion on this.

you should pay some Maths guy ~£250 for a days work to calculate different BR strategies depending on - risk level, growth target and maximum exposure levels, with some long term & short term variance calculations included.

I think for the P-Files thing btw you don't need a poker guy you need a data scientist, give him the data (or her) or tell them where to get it from and then say what you want it to look like on the other end.

I think the P-files should become a Louis Litt style Dictaphone from Suits. Then you just need a Norma to take it all off. I cant think of a good catch phrase though. 'You just got Pads the hell up'!
Logged

ignore verndog he's a fool

'he had a deep run in EPT Barnsley'
pleno1
Hero Member
*****
Offline Offline

Posts: 19107



View Profile
« Reply #8663 on: November 07, 2017, 03:52:24 AM »

Somebody asked me about my old "running career"

One day in assembly the PE teacher said who wants to go and run tomorrow in the city championships, I used to love doing things and putting myself forward.

I go to the championships the next day and I am the smallest person by a long long way, I am wearing clog big football boots, baggy shorts and a football shirt. Everybody else is in running spikes and these tiny running shorts. Maybe 300+ people? Im not sure how many, anyway it was maybe 5 miles or something and I ended up coming 2nd to one of my good friends.

It was very weird, nobody had ever told me I could run, I had no idea, I was not quick at all, in football I played very static, I played centre mid and just got the ball and played as a playmaker. I literally never dribbled with the ball once in 5 years of playing football, just wasn't how I played, never sprinted behind defence etc. So it was just a massive shock. I was signed up to 3 different football academies and would play for a Sunday team and train for them too, I was basically playing football 6x a week so just was naturally fit.

I went to the counties, which is like all the people who were top 10 in their city and I came 3rd, I was like wtf. Ended up joining local running club, I was just the anti stereotypical runner, small, stocky, the coaches actually really hated me and were pretty out of line a lot of the time, but I just turned up 2x/week and ran. I started to run the longest distance track there was for my age which was 1500, I won the city and the county races and then went to a bigger one, not sure exactly what it was but it was very competitive. I warmed up well now, I remember that very well, my football coach was close to myself and my family and he was the manager of the Newcastle football team that I was captain of at the time, the other kids were very arrogant and messing about etc, but I did a really good warm up with him. Anyway, I run a really good race, 100m to go and I am way in front, 50m to go and this kid is chasing me, 30m to go he's getting close, 20m to go I can hear him, 10m to go I can smell him, 5 metres to go I have tanked out, I turn around to see where he is and as my head goes back his goes forward and he wins. It was quite surreal actually, like something from a movie.

I carried on running, I remember going to one race which was like national cross country, I didn't eat the day before or breakfast, didn't sleep well, ran and came like 100th or something which was pretty tilting. Next month I went to another championships and ran 3000m, I was on lap 5 or something and I was just bored out of my mind, I didn't enjoy it at all anymore and I think I came 3rd or something and after the race I just didn't run competitively again.

I was playing football more seriously now, I now realised that I could run a lot and was fit and in matches my style kind of changed a lot, I was doing a lot of box to box and behind defences running etc. We had a game against a really good team and it was my job to man mark this kid called Dean Critchlow who was really good, I man marked him all game which is kind of a weird thing for a 15 year old to do as that doesn't really happen, but I loved it and he couldn't really get away from me. Next week we play  Liverpool in Quarter finals of the national cup, my job was to man mark this kid called Charlie Barnett, he was captian of Liverpool, I was captain of Newcastle, 2 days before the game they were writing that I might be the next Alan Shearer or something. haha just found the article, 14 years ago?! jesus christ!!!!!! http://www.chroniclelive.co.uk/news/north-east-news/hes-my-shearo-1602686

Anyway, huge build up to the game, I lined up, shook the guys hand at kick off, straight after kick off I just ignored the ball and followed him, he laughed, 90 minutes later he had absolutely crushed me, they beat us 5-0 and the difference between the two of us in quality was really huge. Everybody after the game was sure he would be the next big big thing in English football, but after a quick google check https://en.wikipedia.org/wiki/Charlie_Barnett_(footballer)

he has not really done that much. I was sure of it at the time he would be future England captain.

At uni I never ran at all, over the years I have gotten less and less fit, but the goal is to rectify that. It really is very depressing playing football and being one of the unfittest guys after my history, but thats all history is, something in the past, and thats the best thing about the future, you can make of it whatever you want.
Logged

Worst playcalling I have ever seen. Bunch of  fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
pleno1
Hero Member
*****
Offline Offline

Posts: 19107



View Profile
« Reply #8664 on: November 07, 2017, 03:54:23 AM »

One other thing I wanted some thoughts/opinions on is bankroll management in these live tournaments. How much should I take of myself in a soft field small field, how much in a tough field small field, how much in a soft field big field etc.

This is not my BR and don't want to stipulate what it is/isn't but lets just work off a cool $1m so its easy for people to work out.

Any recommendations of how much to take in the different tournaments? Any guidelines or strong opinions, including controversial ones? Would love some discussion on this.

you should pay some Maths guy ~£250 for a days work to calculate different BR strategies depending on - risk level, growth target and maximum exposure levels, with some long term & short term variance calculations included.

I think for the P-Files thing btw you don't need a poker guy you need a data scientist, give him the data (or her) or tell them where to get it from and then say what you want it to look like on the other end.

I have a math guy that works for me that has a model that is interesting, but wanted to see kind of what the other guys do too and maybe they have some kind of meta reason in poker for approaching it in whatever way.

FWIW before looking at any models, I go with 0.3% of net worth for any tournament generally. Would you say this is aggressive or passive?
Logged

Worst playcalling I have ever seen. Bunch of  fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
pleno1
Hero Member
*****
Offline Offline

Posts: 19107



View Profile
« Reply #8665 on: November 07, 2017, 03:59:10 AM »

Lets say you have £2 million cash in the bank, some of which you invest into other players and some into your own business.

I would cut my bank roll by two thirds – and invest into a house and some long term investment trust to secure your future. (You may have already done this) you might have £6 million so using your surplus cash  building your poker brand does not matter.

When you are in your early twenties and thirties making money then losing money does not matter so much as you can start again
.
In your forties – and if you have family losing everything you have can be very hard to rebuild but is still doable.

In you fifties rebuilding if you lose everything can be a nightmare –

I speak from my own experiences – having made and lost the lot on three occasions – now that I am back to a point where I have built it back up – and I am nearing sixty – I have been lucky – I look back and think why did I not take my own advice and secure my future when I had the opportunity.


Hey man,

Thanks for the post.

I am very very very against property. I just dont see a reason for investing such a huge part of capital into one asset that usually has a bunch of other costs or takes up a lot of time / is difficult to sell potentially and doesn't show huge roi.

I feel like any poker player buying a house very likely isn't GTO unless they just have so much money that they will not have to change their abi even during the most brutal downswings.

Lets say you play live cash and play 200nl and have 1m in the bank then that would make sense to me for sure as the money will just be lying around doing nothing otherwise (unless you find alternative investment opportunities)

I think also the bigger your bankroll is the more likely you will play your A game, will trust your intuition, take shots in bigger games etc.

Maybe somebody can call bollocks on this? My close friends, family and others have always pushed me to buy a house, great long term investment, why rent when you can buy etc, so maybe I'm just being my very stubborn self and fighting against it.
Logged

Worst playcalling I have ever seen. Bunch of  fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
SuuPRlim
Hero Member
*****
Offline Offline

Posts: 10536



View Profile
« Reply #8666 on: November 07, 2017, 10:23:31 AM »

FWIW before looking at any models, I go with 0.3% of net worth for any tournament generally. Would you say this is aggressive or passive?

In general it's definitely somewhat passive, I think it depends on the #s you're working with.

Small bankroll you have to be aggressive, otherwise your hourly rate will be too small and you'll never grow your money, having a £50k BR and making £15 p/hour before expenses is a decent wage but very hard to grow.

If you have £1m bankroll and you are exposing yourself to £3k of risk per event then you are being extremely cautious but can still make good money (100% of yourself in $5k's etc) you'll not be growing your bankroll at a very speedy rate but with £1m bankroll it's very reasonable to focus on preservation over growth. Depending on circumstances of course, with just a few hundred thousand behind your £1m poker bankroll, then growing your roll to £1.5m will bring less advantage to you than the disadvantages of losing £500k and cutting your roll in half.  If you have £2m behind your £1m poker bankroll then it's pretty reasonable to be miles more aggressive and go to like 2-3% as the risks of cutting the roll by 50-60% are not really that severe.

Cliffs; You're a nit.
Logged

DMorgan
Hero Member
*****
Offline Offline

Posts: 4449



View Profile
« Reply #8667 on: November 07, 2017, 10:41:30 AM »

Cliffs on property market from parents/family

1) Buy with a ~1% deposit in the early 80s (about £500 all in, £1620 in 2016)
2) Rail in the ~7%pa rise in value ever since

You might as well ask the Michelin man what he thinks about tyres







Logged

SuuPRlim
Hero Member
*****
Offline Offline

Posts: 10536



View Profile
« Reply #8668 on: November 07, 2017, 11:02:07 AM »

Lets say you have £2 million cash in the bank, some of which you invest into other players and some into your own business.

I would cut my bank roll by two thirds – and invest into a house and some long term investment trust to secure your future. (You may have already done this) you might have £6 million so using your surplus cash  building your poker brand does not matter.

When you are in your early twenties and thirties making money then losing money does not matter so much as you can start again
.
In your forties – and if you have family losing everything you have can be very hard to rebuild but is still doable.

In you fifties rebuilding if you lose everything can be a nightmare –

I speak from my own experiences – having made and lost the lot on three occasions – now that I am back to a point where I have built it back up – and I am nearing sixty – I have been lucky – I look back and think why did I not take my own advice and secure my future when I had the opportunity.


Hey man,

Thanks for the post.

I am very very very against property. I just dont see a reason for investing such a huge part of capital into one asset that usually has a bunch of other costs or takes up a lot of time / is difficult to sell potentially and doesn't show huge roi.

I feel like any poker player buying a house very likely isn't GTO unless they just have so much money that they will not have to change their abi even during the most brutal downswings.

Lets say you play live cash and play 200nl and have 1m in the bank then that would make sense to me for sure as the money will just be lying around doing nothing otherwise (unless you find alternative investment opportunities)

I think also the bigger your bankroll is the more likely you will play your A game, will trust your intuition, take shots in bigger games etc.

Maybe somebody can call bollocks on this? My close friends, family and others have always pushed me to buy a house, great long term investment, why rent when you can buy etc, so maybe I'm just being my very stubborn self and fighting against it.

This is a pretty old school blonde argument.

Mikey's saying - you made £1.5m, take a million of it, lock it up somewhere super low risk/low yield and guarantee you financial security for life (or at least heavily secure it)

Patrick's saying - if I have £1.5m working capital and I can make £300-400k per year, if I lock £1m up and have £500k now I can only make £100k per year + the tiny yield from my property investment.

Renting in london costs about £25-30k p/year if you bought a house for £1m from a £1.5m BR and you saved £30k on rent but your earnings reduced by £200k for the year then it's tough to disagree that as a financial  decision it's pretty poor (you could argue that you could rent for 10years (£300k) earn £2m more then buy a house, tough to argue if those #s are correct.

However this is life, the "long run" is non existent, you just have one go at it, taking the £1.5m and being aggro with it could easily lead to having £20m by the time you're 40, also means risk of ruin is much higher, cutting the £1m to £500k means your risk of ruin is thoroughly reduced but you somewhat cap your upside. So much variance in it though, you could not buy a house then go on a brutal downswing, you could buy a house for £1m and then go on a mental upswing and be like you never cut it.

I think there is reasonable arguments to both sides of this discussion but basically it boils down to managing, and much more importantly understanding your own personal risks and appetite for them. If you read about the business history of people like Peter Jones, Duncan Bannatyne, Richard Branson, Alan Sugar etc they all took the same approach and that was to be very aggressive and focus all energy and capital available into growing their businesses, they were focused on maximum growth. Being able to get a mortgage and being in a more fruitful economic period defo affects their decisions differently to a poker player in 2017. 

I think one of the reasons that this advice is so aggressively given out to poker players and gamblers is because (and no disrespect to anyone offering this advice as I've said there is a lot of merit to it) poker and gambling is not given full respect for being a proper business.  I've had it suggested to me that build a gambling bankroll of a significant amount (£250k+) and not just "stopping" and locking up a house would be "stupid" - now I'm not saying it's not solid advice, but to say not following it (effectively cutting your ability to earn) is stupid would basically just indicate that you don't really undersstand the professional nature of gambling.

Learn the risks, understand the risks and then make your own decisions imo. If you want to be aggressive be aggressive but do so in the knowledge that you might lose a lot of money, if you want to be passive be passive but do so in the knowledge that you are sacrificing a lot of growth potential in exchange for the security. Whatever you decide to do, just make solid decisions and don't be wreckless.
Logged

SuuPRlim
Hero Member
*****
Offline Offline

Posts: 10536



View Profile
« Reply #8669 on: November 07, 2017, 11:10:49 AM »

Cliffs on property market from parents/family

1) Buy with a ~1% deposit in the early 80s (about £500 all in, £1620 in 2016)
2) Rail in the ~7%pa rise in value ever since

You might as well ask the Michelin man what he thinks about tyres

Haha yeh and this.
Logged

Pages: 1 ... 574 575 576 577 [578] 579 580 581 582 ... 599 Go Up Print 
« previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.295 seconds with 20 queries.