People staking for live cash games

[pleno1]

well its hard to make that much money right?

lets say he wins at 10bb/100 at 100nl live.

thats $10/100 hands.

You play 33 hands/hour..

So he makes $3/hour.

He pays for a cab there and a cab back.  He now starts 3 hours in the minus. Oh he wants a drink and a sandwich, our suvey says

• crushing in winrate  [ ] crushing in $

Now lets say theres a $500nl game on, a special game and he somehow still has a 10bb/100 winrate.

$50/100 hands

< $20 an hour.

Its just hard to make THAT much money being a "live pro" playing small stakes.

You are hugely underestimating winrates in live poker.

give them tiple, fuck it give them 50bb/100 lol, it would be 15$ an hour.

[pleno1]

thats assuming 33 hands/hour, which is v ambitious.

[GreekStein]

thats assuming 33 hands/hour, which is v ambitious.

Mitch told me his average for last year in live poker was 22 hands an hour

[aaron1867]

@ Adam - yeah I'm also very unsure what he has done with the money, the reason I don't like sitting next to him is because he is very repetitive guy and everything be talks about is "omg you know how many flips I have lost" or stories about beer pong or drinken stories in a loop! He is a really nice guy though, but its tedious to sit near him with stories of poker and drunkness constant.

I don't believe into the drinking thing, as he never drinks whilst pokering and I think it's just generally one of those things where he brags about drinking, but actively not that big of a drinker in the grand scheme of things.

However I have remembered  a few remarks he has said about house games and gambling which is scary. He also had a bad time in Vegas I think too, playing PLO.

He is such a good player though, but I never go this deep into backing, but think its just buying money IMO. He was backed previously too, need to get more info on that.

[pleno1]

Lets give him 30bb/100 at 200nl.

That would work out at 20$/hour

Lets say he plays 5 hours on a Friday, 5 on a Saturday and 10 in the week.

So thats 80/hours a month which works out at £1600

He now has to pay

£500/rent
£200 bills
£200 other outgoings
£100 cigarettes/booze

That leaves him £600/month.

If he saved the whole year and keeps up the volume and winrate then he would save around £7k/year. He goes on a couple of holidays and he saves around 2-3k/year without adding ANYTHING to his bankroll.

A new car, fixing an old car, something bad happening to his house, its lots of ways for him to be able to become "busto" as hes not adding to his trading capital (his bankroll) and allowing his hourly rate to improve.

Its likely that he has to spend 3k+ a year on the other outgoings and just think it shows its quite hard for him to be a live cash game pro.


Now.......

He is going to be staked by Aaron and giving up 35% of those winnings! Meaning his earnings are less than 35% but his outgoings basically stay the same whilst Aaron will make 35% of £1600/month on average, thus intending to invest 20x200 (£4k) looking to make almost 10% profit each and every month on average.

ca ching!

[pleno1]

thats assuming 33 hands/hour, which is v ambitious.

Mitch told me his average for last year in live poker was 22 hands an hour

not sure if this is some v delicate mitch eating/food joke lol but if so then it shows the numbers are even less impressive.

It also shows why Alex gets really excited when the bigger games are on as it massively increases their win rates.

[pleno1]

in before keys (viewing) comes and kills my maths/reasoning

[Honeybadger]

give them tiple, fuck it give them 50bb/100 lol, it would be 15$ an hour.

We don't play in dollars in England!

From experience I'd estimate that maximum achievable hourly in a £1 blinds game is around £15 for the best player in the games. In the DTD games it is almost certainly much less than this due to the rake structure.

[pleno1]

give them tiple, fuck it give them 50bb/100 lol, it would be 15$ an hour.

We don't play in dollars in England!

From experience I'd estimate that maximum achievable hourly in a £1 blinds game is around £15 for the best player in the games. In the DTD games it is almost certainly much less than this due to the rake structure.

i posted the numbers in £ below cuwwywuvve.

[aaron1867]

Your example confuses me Patrick?

You are saying that this should be 65/35 in favour of backer.

Lets say stake at end of week or month ends up at +£1k, £650 for player and £350 for backer, whilst I'm looking at complete opposite...

[GreekStein]

thats assuming 33 hands/hour, which is v ambitious.

Mitch told me his average for last year in live poker was 22 hands an hour

not sure if this is some v delicate mitch eating/food joke lol but if so then it shows the numbers are even less impressive.

It also shows why Alex gets really excited when the bigger games are on as it massively increases their win rates.

Sorry I got it wrong, that's how many 3bets Mitch makes in an hour.

[pleno1]

Haha wiii

[lee h]

Pleno-

on another thread you say there are 'tons of live players'  (playing poker as a living)

Now you are saying how difficult it is!!!

What games are these 'tons of live players' playiing in??

[pleno1]

Because its difficult doesn't mean it doesn't happen.


I'm sure it's hard being a hairdresser, a cleaner a barman and lots of other trades and I'm sure many of them will be 'broke' intact I read about it a lot on fb etc.

The fact that poker is tax free makes it a little bit more comfortable.

All I'm saying is its nOt a great surprise that a small stakes live 'crusher' goes broke.

[SuuPRlim]

You really gotta grind online Tom, I'm not saying live poker you cant make a living through but only when you have a comfortable roll for it, for times of hardship the best way out is through online cash games.