flud43 | 11 years ago | on: Good Poker Players Aren't Lucky
flud43's comments
flud43 | 11 years ago | on: Good Poker Players Aren't Lucky
Rake is a part of every form of real money poker. It's how casinos and online poker sites make their $$$'s.
flud43 | 11 years ago | on: Good Poker Players Aren't Lucky
http://i.imgur.com/1uC5y0U.png
Note that I'm also only a mediocre regular in these games. There are MANY people who have far better results than I do. They average a 3-5% ROI which is much higher than mine.
Also note that the reason my graph dipped after the first 10k games or so was because I went from playing the $15s-$30s to playing the $100s/$200s for awhile. Due to the increased skill level I dropped back down. Here's another image showing my stats for each buy-in level.
http://i.imgur.com/D0lHx3H.png
If you still doubt how confident you can be in this sample, you might want to read the following article on confidence intervals on husng.com:
http://www.husng.com/content/given-my-results-what-should-my...
My 50k+ game sample means that there is a far lower than 0.1% chance that my results are due to the good end of variance.
And here's a graph of ALL my poker tournaments. This includes 9-handed multi-table tournaments, 6-handed SNGs, heads-up shootouts, everything.
http://i.imgur.com/6jyCXn0.png
Poker is 100% a game of skill but it really depends on how you approach it. Professional players or serious amateurs such as myself make money at the game simply because people approach it as if it's bingo.
If every recreational player was putting in time studying poker theory and reviewing their play, it would become much, much harder to make money playing. As such, I really don't mind if people want to continue thinking it's a luck based thing. It just means more profit for me since that perspective, oddly enough, doesn't stop people from dropping $$$ in the game, it merely stops them from thinking they can gain an edge by putting in time and effort. Recreational players wouldn't play if there wasn't a certain amount of luck...
EDIT: Also, it's important to note that every poker player has to pay for their education. Look at my last graph. I was an unprofitable player for the first 10-20 thousand games or so. That was when I was just playing micro/low stakes on PokerStars recreationally. Once I gained some knowledge, and decided to take it much more seriously, my profits skyrocketed.
It's far better to learn how to play poker at micro/low stakes online, where you will pay less for your poker education, than it is to start with mid/high stakes online or in your local casino. Either way, you'll be a losing player to start. Choose the more inexpensive option.
flud43 | 11 years ago | on: Good Poker Players Aren't Lucky
I play heads-up hyper-turbos, as well as other games, on PokerStars. I've been studying poker, reviewing my play, and grinding for years. I'm a mediocre reg and I can grind out consistent profits. Here's my graph of 18,106 $15 heads-up hyper-turbos on PokerStars.
http://i.imgur.com/AQ26oVQ.png
It really, truly, is not that hard to make money at poker if you're willing to invest even a small amount of time doing quality study and review.
flud43 | 12 years ago | on: You Should Start a Blog
flud43 | 12 years ago | on: Google Doodle celebrates Canada’s coldest day, -63 ℃
flud43 | 12 years ago | on: Magnus Carlsen is World Chess Champion
Those results are based on the following:
2,615 $3.50 Heads-Up Hyper-Turbos
1,605 $7 Heads-Up Hyper-Turbos
1,792 $15 Heads-Up Hyper-Turbos
16,715 $30 Heads-Up Hyper-Turbos
211 $60 Heads-Up Hyper-Turbos
I've also played a handful of MTT tournaments which are a miniscule part of sample size but which result for about $7,500 of that $12,500. I played the $880 Fraser Downs Fall Poker Challenge in Vancouver and cashed 3rd for $7,384. I also won $5,000 that weekend in one session playing pot limit omaha cash. So that is, indeed, small sample size, but the rest is not. Read on.
This isn't run good. Once you're up to a sample of around 5000 heads up hyper turbo games, your results begin to accurately depict your actual skill level. I've played 22,938 heads-up hyper-turbo matches since April with a 1.08% ROI, 51.80% winrate, and $6,063.56 net profit before rakeback.
And yes, I practiced perfect bankroll management. If you're not living off your bankroll, using a 35/50 buy-in rule (move up when you have 50 buy-ins, move down when you're at 35 buy-ins) is a good, aggressive system to use. If you are, 100 or 200 buy-ins minimum is best, depending on how comfortable you are with variance. I started with $200 which was ~57 buy-ins for the $3.50s on PokerStars. I'm now playing the $30s and $60s with a bankroll over $6000.
And yes, people can replicate these results. Easily. My results are, honestly, more on the weaker side among regulars. As for a beginning player, they could easily replicate these results if they actually studied. It's really not that hard to crush the $3.50s-$15s on PokerStars. You just have to think. Most people are there to gamble.
The games are excellent these days. Of course the overall player pool took a hit on Black Friday, but there is still tons of action. Hyper-Turbos have only gotten more popular, especially because the best players are booking some of the highest profits among all high stakes players each year.
As for a 60% winrate and 14% ROI at super-turbos, THAT is too small of a sample size. It's highly like you're a winning player with a great ROI, but you were on an upswing. You're ROI was likely in the 2.5%-5% range. The highest ROI I've ever seen was around 6% over 20k games (also someone hit 7.5% over 3k games but thats too small a sample). And yes, the average player is slightly better, and the regs have definitely improved as well, but fish are fish. The games up to $15s are very, very soft. The $30s are as well but you'll start to run into a lot more regs at that stake.
flud43 | 12 years ago | on: Magnus Carlsen is World Chess Champion
I didn't advocate playing only for the sake of making money. I suggested it because of how complex a game it is. How much time it takes to master. And because the potential rewards once you do are quite significant, which is a nice added bonus.
And I'm not sure when you stopped playing (pre black friday?) but I don't think there's a single point at which I've ever stopped improving. I know many heads-up professionals as well and not a single one of them ever stops learning and improving their game. Stagnation in poker is death. As such, I don't know why you feel like it was a lot of fun at the start but lost that later on. There is always another level deeper you can go.
The point of any game is to win. The metric that determines the winner of a game is different in every case. In poker, it's how much money you're making. But that doesn't have anything to do with the game itself. It merely depicts how well you're playing.
Learning to maximize expectation with true mathematical finesse while factoring in accurate opponent profiling and gameflow is one of the most challenging things I've ever had to do gamewise. I've played chess since I was 5, Counter-Strike very seriously for five years, WoW for the first 3 years before it went to shit, and have been getting into Go. And in none of those games have I achieved the level of mental satisfaction as I have from poker.
Edit: Was your stars alias RRiccio as well? Were you a cash player? You only have ~750 tournaments recorded on sharkscope.
flud43 | 12 years ago | on: Magnus Carlsen is World Chess Champion
On top of that I think most US players play on iPoker skins (black chip poker, cake poker, etc.) which allow US players.
But yeah, all of them (apart from the Nevada/New Jersey sites) are technically illegal down there. Most professionals who didn't quit poker altogether and didn't transition to live either moved to Canada or some third world country with no taxes and cheap living to grind.
flud43 | 12 years ago | on: Magnus Carlsen is World Chess Champion
I personally play heads-up poker. Unlike 9-handed poker, heads-up poker is constant action. It's more dependent on opponent profiling and maximizing expectation on the fly, using experience and statistics. A game of infinite variety.
Since April I've taken $200 and, playing online and live poker, have profited in the following ways:
+$6458 - online poker heads up matches
+$2900 - rakeback/bonuses from pokerstars
+$12500 - live tournaments and pot limit omaha cash
And that's merely playing recreationally, completely separate from my full time job. You can play a complex, fun game and make money doing it. Who wouldn't enjoy that?
On top of that, you seem to be suggesting that the variance in my ROI is somehow attributed to an inherent "luck" factor of poker while ignoring the fact that the sample size ranges from micro stakes up to high stakes poker. My winrate is obviously going to vary between stakes because poker is a game of skill and the higher the limit, the more skilled the player pool.
FYI, it's also quite annoying to throw wikipedia pages explaining common psychological biases at me when you've already stated that you are basing most of your conclusions on "assumptions" since you aren't well acquainted with the subject matter. I'm well aware of everything you're warning me about but you also seem biased against poker. I've shown you a sample of over 50,000 tournaments. That's over 1.5 MILLION hands of poker. It blows my mind that you seem to be keen on ignoring empirical evidence and mathematical analysis here, but if you want to ignore that, so be it.
But, yes, indeed, good luck to you as well.