People staking for live cash games

[WotRTheChances]

What about some form of part time work? Would ensure you have pin money to pay bills, and you can focus on grinding yourself back to a better position.

Certainly a posibility. Not sure what kind of things I could get into. Unfortunately for me at this point I don't have any work experiance, which would obviously count against me.... also didnt finish my degree (i'll spare everyone the sob story on that one), but I guess that's fairly irrelevant for part-time work. Obviously i'd prefer not to, but it seems silly to rule it out completely if needs must.

BTW if anyone reading is interested (assume it will be people i know fairly well), feel free to drop me a text or a PM... i'm obviously very flexible about what i'm willing to do in terms of getting something going. Ty for the support everyone too.

[pleno1]

No I wasnt trying to be condescending etc sorry about that.

I just mean anybody who wins 50k+ has a very nice bankroll for themselves they should never really go broke after that if they are sensible. I dunno maybe I'm wrong?

Anyway heres the thread:

http://forumserver.twoplustwo.com/56/medium-stakes-pl-nl/how-many-months-expenses-do-you-set-aside-1219453/

[pleno1]

I've been busto multiple times, sure got anything to do with skill factor, so pretty naive to just assume otherwise and pretty ridic to just say get an 'actual' job.

GLGL getting sorted mate.

Good post Raymernd.

I'm guessing Andrew wouldn't make the same post to Dubai or Lil D, who would also be honest enough to say they've been busto several times before.

It's nothing to do with whoever OP is, or whether they've been busto or not.

The time to decide to be a pro poker player is long gone.

In the past, variance bit many good players on the bum, but games were soft enough that they could get on the right side of variance and make a living.

Now? Not so much.

I know Pleno can grind to make lolBB/100 but how many of the rest of us can be BITB?

Edges are thinner, more people know what they're doing, and no one's ever going to win the world playing 1/2 live, less so if some staker is getting a huge slice of the profit.

If you're good enough to still make ££ after all this, then you can make £££££ doing something else.

I disagree. See my blog.

The games are not significantly tougher, people are significantly lazier.

If you want to be a Doctor, you gotta study 7 years and keep studying.

Just because you watched a deuces cracked video doesnt mean you are a poker player.

In the ever evolving game you need to be studying a lot, every day if not week.

The current games are very exploitable and the lazy ones will be left behind.

I would say it is very much a good time to be a professional player assuming you want to commit to it properly.

[aaron1867]

This is so freaky how this has been posted when a guy has posted on Facebook asking backing into 1/2 games. A player who actually crushes the local scene & a player who I rate very high, although its icredibily tilting to sit next to him.

Actually thinking of backing him, but not sure of roll & apparently he was on 65/35 in his favour (erm?) and I'm stuck to be offering him 30% for him. He says he is busto be side of life, not sure what this means.

Not sure where to start and possible roll, he often sits deep into games, was looking into backing upto £5k, but at my absolute maximum there and don't want it to turn into numerous backers getting involved.

What is even a roll for 1/1, 1/2 these days?

[pleno1]

What about some form of part time work? Would ensure you have pin money to pay bills, and you can focus on grinding yourself back to a better position.

Certainly a posibility. Not sure what kind of things I could get into. Unfortunately for me at this point I don't have any work experiance, which would obviously count against me.... also didnt finish my degree (i'll spare everyone the sob story on that one), but I guess that's fairly irrelevant for part-time work. Obviously i'd prefer not to, but it seems silly to rule it out completely if needs must.

BTW if anyone reading is interested (assume it will be people i know fairly well), feel free to drop me a text or a PM... i'm obviously very flexible about what i'm willing to do in terms of getting something going. Ty for the support everyone too.

In terms of part time work, I could sort something out regarding poker for around $15/hour that you could do when watching countdown o r having your breakfast.

Going into a part time job usually involves weekends, fuck working 8 hours in Morrisons on a Saturday afternoon or till 4am in the local bar. You need to be fresh for Sundays.

Also makes morale significantly lower. Getting a part time job when you could very easily be a rb pro and make more than $10/hour just doesnt make sense to me.

[pleno1]

This is so freaky how this has been posted when a guy has posted on Facebook asking backing into 1/2 games. A player who actually crushes the local scene & a player who I rate very high, although its icredibily tilting to sit next to him.

Actually thinking of backing him, but not sure of roll & apparently he was on 65/35 in his favour (erm?) and I'm stuck to be offering him 30% for him. He says he is busto be side of life, not sure what this means.

Not sure where to start and possible roll, he often sits deep into games, was looking into backing upto £5k, but at my absolute maximum there and don't want it to turn into numerous backers getting involved.

What is even a roll for 1/1, 1/2 these days?

20 bis would be a semi high variance invested on your side. As in its enough for him to comfortably play but you still have a chance of gg'ing it. You could also give him 5bis initially and give yourself 4 reloads, it helps you get out quicker and also decide to keep punting after the initial 20bis you assumed.

But live cash is fkn dodgy for staking. I once sat next to a "friend" who was staked for 200nl.

We were playing 1,2,4,8,16,32 and he was putting the 32 on and trying to advocate the 64 lol he was buying meals from his stack and paying for taxis home with the stake. These are things you just wouldnt really see much.

If I staked somebody for live cash they would have to play at DTD and have a thread on here where they documented their winnings each and every session.

But this is another rant for another thread, but I would just stay away from staking. May blog about it tomorrow or something.

[aaron1867]

Thanks for that Patrick

The games are generally not that swingy in Sheffield, I personally don't think he would do his nuts in with Xbuyibs, but anything can happen. Is it not possible to get in touch with X casino and ask for help monitoring? It seems unlikely, but this must be definitely the highest risk staking around.

Also with regards to banking, possibly looking for him to use an 'empty' account of mine with regards to balance of stake and him do whatever with his winnings. I'm not sure if this is possible at all or in actual fact a really bad idea.

I'm just perhaps stuck in a ruck with seeing how he crushes the local scene, although no idea how he went busto!

[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.

[scotty77]

GL Tom.

Fairly sure I played you on Sky cash a while back and you were def one of the toughest in the games.

Hope you find a way out and pretty sure you will.

How about just finding a new site for cash and doing some sign up bonus spin up? Month solid grinding of relatively small stakes can easily result in a decent RB payment.

[pleno1]

A little bit surprised at how bold ppl in this thread are w their safety cushions, some of you guys are really young and perhaps that is part of it if I´d go by myself, but anything less than 12 months is really asking for trouble. If you can´t find a way to put one years worth of living expenses in an account that is more or less immediately liquid as well as more or less static (cash / bonds but not equity for instance) and you´ve been doing this for a while, sooner or later you´re gonna wish u did.

agree with the above.

[rfgqqabc]

If it reaches the stage where you need to get staked to play live 1/2 then poker as a life solution is over.

An actual job, that's the way forward now.

In general I'd agree with this but it's too much of a general statement and can't apply to everyone.

I don't know much about Tom (only met once or twice) but he's a young pro in the very early stages of his career. Many guys will go bust - he doesn't have a wife, kids or a mortgage yet so going broke isn't the end of the world, as long as he learns something from it. Whether it's about variance, BRM, volume, tilt, studying more or playing a different variant of the game altogether, it could be the early lesson he needs that will set him flying.

Poker's not getting easier any time soon.

nor is it getting harder.

This can't be true. You yourself produce videos/streams shown to 10000(?) people? And how big is pokerstrategy.ru? Games only getting harder. People bumhunt 100nl ffs.

 IMO THigh has to be better off with poker vs a job if he wants to play poker ultimately, or at least for 5-10 years, but if you want to quit and settle down in a few years its probably best to go now purely from a $$$ POV. Surely your backer could arrange a loan that got attached to makeup?

Aaron as an aside I was at the table while a few Sheffield regs discussed what I'm presuming is the same character. How come he legitimately doesn't have cash himself? From what I gathered it was "drinking" but its v.hard to blow 2-10k on alcohol alone surely. Everyone there seemed to rate him though, unfortunately I didn't really rate anyone doing the talking and discussing it at a live table was extremely tilting.

[GreekStein]

I've been busto multiple times, sure got anything to do with skill factor, so pretty naive to just assume otherwise and pretty ridic to just say get an 'actual' job.

GLGL getting sorted mate.

Good post Raymernd.

I'm guessing Andrew wouldn't make the same post to Dubai or Lil D, who would also be honest enough to say they've been busto several times before.

It's nothing to do with whoever OP is, or whether they've been busto or not.

The time to decide to be a pro poker player is long gone.

In the past, variance bit many good players on the bum, but games were soft enough that they could get on the right side of variance and make a living.

Now? Not so much.

I know Pleno can grind to make lolBB/100 but how many of the rest of us can be BITB?

Edges are thinner, more people know what they're doing, and no one's ever going to win the world playing 1/2 live, less so if some staker is getting a huge slice of the profit.

If you're good enough to still make ££ after all this, then you can make £££££ doing something else.

Life isn't just about where you can make most money.

Karl M, Keys, Rupert, Alex are just a few people I can think of who could have made big bucks working in other areas but I guess they are just having more fun doing this.

[Honeybadger]

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.

[aaron1867]

This makes harsh reading, lot of technical terms.

I'm just down to simply assuming he is winning £3-400/week live. Obv points are valid about expenses though, he doesn't have a car either

[pleno1]

If it reaches the stage where you need to get staked to play live 1/2 then poker as a life solution is over.

An actual job, that's the way forward now.

In general I'd agree with this but it's too much of a general statement and can't apply to everyone.

I don't know much about Tom (only met once or twice) but he's a young pro in the very early stages of his career. Many guys will go bust - he doesn't have a wife, kids or a mortgage yet so going broke isn't the end of the world, as long as he learns something from it. Whether it's about variance, BRM, volume, tilt, studying more or playing a different variant of the game altogether, it could be the early lesson he needs that will set him flying.

Poker's not getting easier any time soon.

nor is it getting harder.

This can't be true. You yourself produce videos/streams shown to 10000(?) people? And how big is pokerstrategy.ru? Games only getting harder. People bumhunt 100nl ffs.

 IMO THigh has to be better off with poker vs a job if he wants to play poker ultimately, or at least for 5-10 years, but if you want to quit and settle down in a few years its probably best to go now purely from a $$$ POV. Surely your backer could arrange a loan that got attached to makeup?

Aaron as an aside I was at the table while a few Sheffield regs discussed what I'm presuming is the same character. How come he legitimately doesn't have cash himself? From what I gathered it was "drinking" but its v.hard to blow 2-10k on alcohol alone surely. Everyone there seemed to rate him though, unfortunately I didn't really rate anyone doing the talking and discussing it at a live table was extremely tilting.

again misconceptions.

theres been training site for years and years.

people bumhunted 100nl for years too. Sites are putting measures into stoping it atm but didnt care previously.