Posted 02 April 2006 - 09:27 PM
well, i'm hoping to follow in Abba's footsteps in May.I've been thinking about that Absolute thing alot, because it seems to good to be true.In looking at my rake figures on Empire and Crypto (tight sites), rakeback would contibute between .37bb/100 and .5bb/100 at 2/4.that bonus rate seems a bit high - my Empire bonus was clearing around 33 raked hands per table hour. the key at Absolute though is they rake every $0.25, so that'll help both bonus clearing and rakeback.as for the AP points, they're more or less worthless since they just have clothes, a few magazine subscriptions, and small buy-in tournaments. right now they're running huge buy-in WSOP satellites though. there's one now with a 20000 point buy-in that's going to have a huge overlay when it runs in 3 days probably. if they keep running those satellites, the points are really helping. if not though, we can just buy out their collection of Mark Seif bobbleheads.Big problem though - right now there are two full 2/4 tables running. a couple near-full 6-max, and 3 7-8 handed 3/6 tables. but unless its much fuller during the day, that's a big problem.good thing is the players/flop% is right now 36%-56% at the tables, at least 7-handed so maybe the game quality isn't too bad.bonuswh*res lists their game quality as C- to D, with 100% availability at everything except 2/4 full-ring (72%).so 6-tables is definitely optimistic, but we can probably find 4 decent tables most of the time. and we can always 3-table it, with 1 table of another sites bonus going.i know Abba is playing on a laptop right now, but i'd try to work up to 6 tables if i was going to do this seriously.last thought - Abba, if you're going to do some sort of blog, maybe you can put together a graph that separates winnings, rakeback and bonus. I remember way back wrto had his chart that separated winnings and rakeback, and it was very telling.i think at 2 tables of 2/4 and 2 of 3/6, a conservative rate would be:1bb/100 win rate @ 75 hands/table/hour = $15/hour..5bb/100 rakeback (due to raking every $0.25) = $6/hour$4.50/table/hour bonus (v. conservative - i think BW is high) = $18/hour.whereas a more realistic rate might be:1.5bb/100 (i suck) = $24/hour.5bb/100 = $6 hour$5.5bb/hour = $22/hour.even the conservative estimate is a pretty decent rate. and while i have no long-term plans to "go pro," you can see how 6 or 8 tabling 3/6 could make a yearly wage comparable to a lot of professions. i doubt Absolute continues this indefinitely, but its definitely a good opportunity.and we can't discount that the winnings are in $USD, and taxation levels...well we can be creative.Danielp.s. my parents basically have banned me from playing poker, but i've still played the last year or two. if anyone can think of some way i could possibly justify this to them, i'd appreciate it. preferably without losing their funding for grad school in a few years.
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