I wish they would make good hybrid tablet/laptops. Ive tried ipad and sold it, now using a droid tablet and its not any better. Laptops are too heavy and battery life is bad. Why did they invent these things anyway lol
I've decided to do a quick post detailing how I am allocating my income beyond my basic expenses each month. At first, I was thinking that debt-paydown should be my number one priority, but I think that throwing all of my savings at debt would put me at a real risk of busting my roll during any major downswing. So I've made a set of guidelines for myself that dictates how I "spend" all of the money that I receive that I don't spend on monthly expenses. The entire system is based on the amount of cash in my bankroll at the end of each month. I broke it up into four phases outlined below.
Phase One:
If my BR is $25,000 or less, 100% of income beyond my monthly expenses will be allocated to increasing it to at least this amount. Being below 25k is emergency status for anyone playing 5/10, so obviously I would have to pile as much as possible at the BR to get back to that level.
Phase Two:
If my BR is between $25,000 and $40,000 I will allocate 50% of income beyond monthly expenses toward the BR, and 50% toward investments in my brokerage account. I believe this provides an additional safety buffer/downswing protector as I'm still keeping all of the cash that I have in an easy to access place, but I am also investing for the future at the same time
Example: I have a 25k roll and earn 15,000 during a month and spend 5k on expenses. The additional 10k will be allocated 5k to BR, 5k to investments and my BR would be 30k to start the next month.
Phase Three:
If my BR is between $40,000 and $100,000 I will allocate 25% of income beyond monthly expenses toward the BR, 35% toward debt, and 40% toward investments in my brokerage account. I think having the roll above 40k plus some money invested will allow me to safely pay down some debt and have a much lower risk of ruin.
Example: I have a 50k roll and win 15k and spend 5k. $2,500 would go to the BR, $4,000 toward investments and $3,500 toward debt.
Phase Four:
If my BR is above $100,000 I will allocate 25% of income beyond monthly expenses toward the BR, 60% toward debt, 15% toward investments in my brokerage account. I think I will always allocate 25% toward my BR so I can keep climbing the stakes, but with >100k I think I can throw 60% of extra income safely toward debt
I believe by following these four phases I will be increasing my wealth substantially while ensuring a margin of safety against losing my income. Let me know if you would do anything differently or have any questions/comments about my plan.
I have been a lurker on the teamliquid forums for the last 2 years and recently discovered the LP website. I think it is an awesome community.
I have managed to do well in most of the things that I've put my mind to (Chess, Soccer, Quake Live and Quake 3). However, SC2 and Poker have been to two things that I have never been able to be "Good" (not the best) at. I suck at SC2 because I feel that I don't have the natural talent and I don't have the will to put in enough effort to be the brilliant at it. I have played about 50-80 games in total and I am still bronze. I know if I put in enough time into it, I will eventually reach diamond but that is as far as I will go. The reward (sense of achievement) is not worth the time I will have to put in to be good at SC2. I do however, want to beat poker.
So let me give you some background. During the last 4 years I have been playing Poker casually (I mean as a gambler, no BRM etc). I have lost alot of money playing Cash games that are out of my league. My tournament game is above average and I have placed in quite a few tournaments. I've managed to cover up half of my cash game losses via tournament wins.
I am looking to get into Poker properly (not hardcore like full time, but when I do play I must take it seriously). I do not need the money and I am not playing for the money. I want to play poker because I feel that over the last couple of years it has gotten the best of me. I need to BEAT it. My goal is to eventually beat 200NL at a minimum of 2BB/100 over 50k hands.
I have a few questions if you guys could maybe help me out with some of them It would be great:
1) I played for a month in 2009 and managed to beat 25NL at a rate of 2BB/100 over 10k Hands. I recently (last month) tried to play 2NL on a random poker site and dropped 2 BI's over 5k Hands. Has poker gotten alot more tougher over the last 2-3 years?
2) I am planning on starting out with 200 dollars. How important is HEM? Has anybody here beaten the game up to 100NL without using HEM/PT? What I'm asking is, should I buy HEM and play 5NL or not buy HEM and play 10NL. Also which is Better HEM or PT?
3) I do not have time to put in the amount of volume like most of you guys. I am planning on playing poker as a hobby not for a living. So maximum 10K Hands a month. Will my poker improve with this kind of volume? Should I just leave grinding 10 25 50 NL out and just play MTT's during weekends and play 100NL once i'm rolled for it (I think I might donk my roll away if I do this)?
4) I have this bad mindset where I make rules around my game because I keep looking at poker as an "Absolute". Like i'll say okay in order to be good at poker I need to make a rule to only 3bet 5% of the time. I know that this is exploitable, how do I get around this kind of thinking pattern? I guess I'm used to the way MTT is being played because of the blind structures etc. I know that at that given point in time what the optimal strategy is (Blinds are Big, M is small, Shove Kx or Better etc etc) please tell me if I'm making sense here or I'm just talking bullshit.
Stars -> Moneybookersby rS.Wisdom[9], September 10
Hey guys,
I'm looking for someone to trade $15 on Stars or Party for $15 on Moneybookers, since apparently Party won't let me withdraw unless I've made a deposit in the last 6 months.
Long time ROFL thread stalker and the person that got wobbly into poker. My stars id is Filthy999.
Wobbly suggested posting here to see if there's any interest in getting a stake for 10k 8game event. I want to play it, but I can't afford it with my current br. I'm looking to sell 80% at 1.1 markup. I will play if I get 65% or more.
Softness of tourney
- relatively few good regs (and I generally will know who they are/have played with them before)
- large whale:fish ratio compared to nlhe (reg numbers way down, whale numbers pretty constant)
- large contingent of donkament/nlhe/plo pros who are just playing every event or playing the event because it's prestigious but won't properly know how to play 5/8 games
Wobbly can vouch for my honesty. Alternatively you can send funds to wobbly instead of me.
1%*1.1*10300 = $113.30 per 1%
send to Filthy999 (Australia, blank avatar)
or to wobbly_au (Australia, stupid pink pig)
i'll try not to be too sentimental, but my party is over.
i'm out.
if poker gets legalized in the US, theres ~5% chance I play again, but for now I'm out. I did my time and I'm done.
I know most of you won't care, and you shouldn't!, regardless this site was a major factor in me being a 25nl noob to a supernova MSNL grinder for YEARS.
to be honest this was never the lifestyle I set out for, that being said it was an experience I will be forever grateful for. I will be pursuing higher education moving forward and trying to enjoy my time spinning on the rock.
There are far too many people I owe thanks to, and regretfully I am a fair bit too lazy to list them individually. I sincerely wish you all the best of luck in your pursuits regarding poker and life in general. You are all a good lot and brimming with potential in all corners of life. Our time on Earth is short and wild, and hopefully we will all do our best to make the most of it. I am incredibly fortunate to simply have been born in an age where I had the ability to communicate with people from such varied backgrounds as are present here and I'd like to thank anyone who contributed in any way major or minor for simply helping me to better understand humanity and the world as a whole. To think if we were born 60 years prior to now being in communication with people 200km away let alone 2,000 would be rare if not impossible is fascinating to me.
I'll probably still check up on the ROFL thread from time to time, and if anyone has any questions or comments about anything whatsoever feel free to drop me a line.
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