7 replies to this topic

[Abbaddabba]

How much did your winrate decline with the move from .50/1 to 1/2? How much from 1/2 to 2/4?What are reasonable, sustainable rates for each at full rings?Or a better question - what do YOU earn in terms of BB/100 hands (for the winning, reputable strat posters). Also, how does your winrate at a given limit at a full ring compare to your winrate at that same limit in 6max tables?I like tinkering with the figures and figuring out what one could potentailly make at given limits, if they were to work it like a regular job.At 2/4, if you were to 4table 40 hours a week and win 1BB/100 hands, you earn roughly $23,000 a year. That means someone winning, what i think isnt unreasonable, 2BB's/100 hands is making $46,000 a year from 2/4. This assumes you see slightly less than 70 hands per hour per table (which is roughly the average i see on pokerstars).You also earn roughly $10,000 a year from rake back, playing for that many hours (it came out to $12,000 on the rake back sites estimations, but i assume they're overstating by a bit). You also can earn quite a bit using sign up bonuses. I don't know how much this adds up to, but i would expect it'd be a fair amount.That's probably $50,000 a year american tax free (for canadians). Given the exchange rates, that's $60,000 canadian. My calculations may be off, but i believe you would expect to pay roughly $14,000 in income tax from that. It ends up working out to the equivalent of $75,000 a year in take home pay, canadian (as in, if you earned 75k, you would be taxed such that take home was 60k, and that is roughly equal to $50k american that you're averaging).

[Abbaddabba]

And in case it wasnt clear, i dont think im capable of those rates.Or capable of playing poker 40 hours a week, for that matter.

[Actuary]

Abbaddabba said:

And in case it wasnt clear, i dont think im capable of those rates.Or capable of posting a shorter question someone will answer

FYP.sorry, that was lame.So where can a PArty Player get Rakeback from these days?Win Rates are also affected by # tables..The optiamal $$/week surely vary depending on fatigue and skill.Some could 12 2/4 tables for 20 two hour stints each week..whicl others could play 100 hr/week..2 tabling 5/10I single table 1/2.I'm not optimizing

[Abbaddabba]

Well, i know.But let's pick a happy medium. When you're 4 tabling a full ring, you probably aren't taking a heavy hit to your win rate.So basically, what could one hope to average per 100 hands at the 2/4 limits?4BB/100 hands doesnt seem entirely absurd at .50/1 for someone who's at the top of his/her game. I imagine that the level of play at the typical 2/4 full ring won't allow these sorts of win rates.

[Forrest Crunk]

my winrates for the climb from .05/.10 to current day 2/4 are as follows:.05/.10, 28k hands - 6.6BB/100.10/.20, 20k hands - 4.6BB/100.25/.50, 22k hands - 5BB/100.50/1, 51k hands - 2.8BB/100 (it was 1.2BB/100 for the first 20k or so, then i took a week off and re-read SSHE a few times and cut down tables from 4 to 3)1/2, 22k hands - 3BB/1002/4, 25k hands - 1.5BB/100 - still a lot of donkeys at 2/4, yet it is a harder game, gotta keep plugging my leaks! i have had a couple harsh downswings here, and i think as i continue to learn and actually apply what i am learning, instead of allowing the larger money swings to affect my play, i could see myself earning a solid 3BB/100 over time, but who knows, i'm just happy being a winning player at this point, i know there is MUCH for me to improve upon.

[Abbaddabba]

Thanks for the input.It's encouraging to see that the win rate doesn't decline TOO much in your case. 3BB's/100 is huge at 2/4. I mean, work it into the equations that i posted. If you're 4 tabling, that's roughly $80,000 a year american working full time, before any bonuses or rake back, which could easily push it well past the six figure mark in american funds. From the perspective of a canadian who pays no taxes on it, in after tax canadian funds for a typical job, that's a $140,000 a year income.

[mrdannyg]

Abbaddabba said:

How much did your winrate decline with the move from .50/1 to 1/2?  How much from 1/2 to 2/4?What are reasonable, sustainable rates for each at full rings?Or a better question - what do YOU earn in terms of BB/100 hands (for the winning, reputable strat posters).  Also, how does your winrate at a given limit at a full ring compare to your winrate at that same limit in 6max tables?I like tinkering with the figures and figuring out what one could potentailly make at given limits, if they were to work it like a regular job.At 2/4, if you were to 4table 40 hours a week and win 1BB/100 hands, you earn roughly $23,000 a year.  That means someone winning, what i think isnt unreasonable, 2BB's/100 hands is making $46,000 a year from 2/4.  This assumes you see slightly less than 70 hands per hour per table (which is roughly the average i see on pokerstars).You also earn roughly $10,000 a year from rake back, playing for that many hours (it came out to $12,000 on the rake back sites estimations, but i assume they're overstating by a bit).  You also can earn quite a bit using sign up bonuses.  I don't know how much this adds up to, but i would expect it'd be a fair amount.That's probably $50,000 a year american tax free (for canadians).  Given the exchange rates, that's $60,000 canadian.  My calculations may be off, but i believe you would expect to pay roughly $14,000 in income tax from that.  It ends up working out to the equivalent of $75,000 a year in take home pay, canadian (as in, if you earned 75k, you would be taxed such that take home was 60k, and that is roughly equal to $50k american that you're averaging).

I think you could make a lot just off clearing bonuses as well, especially playing at sites like Absolute with consistent reloads.

[Forrest Crunk]

yeah, admittedly i haven't played 2/4 anywhere else but Party, where it isn't too much different than .50/1 that i've seen, same amount of fish, just more aggressive - as long as the supply of bad players doesn't dry up, i think 3BB/100 at Party 2/4 is attainable...