2-5NL Games in Vegas: Can you make a living?

[highlife]

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Playing any NL or PL game the variance will be much greater so your won/loss swings will be larger than if you were playing LHE. (one of the math genuises on this forum can help you work out the numbers).

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this statement alone pretty much disqualifies your whole post. there are tons of other inaccuracies in this post as well, OP ignore this one.

[bobbyi]

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I think you can make 2K a month at the 4/8 LHE games in vegas (avg 2 BB/hr @ 40 hours/week = 640/week

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Nobody's true winrate in a live 4/8 limit game is really 2BB/hr.

[pipster]

Nobody that stays at 4/8 has a true winrate of 2 BB/100. 4/8 Vegas = $0.50/1.00 online. And there are a LOT of people who can sustain a 6-7 BB/100 winrate at 0.50/1.00 online. Now 99.9% of those people are playing at MUCH higher stakes, but you can definately sustain a 2 BB/hr winrate live. You would be a moron to do so for long, as you could probably just as easily sustain a 1 BB/hr winrate at 20/40.

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I think you can make 2K a month at the 4/8 LHE games in vegas (avg 2 BB/hr @ 40 hours/week = 640/week

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Nobody's true winrate in a live 4/8 limit game is really 2BB/hr.

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[betgo]

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Nobody that stays at 4/8 has a true winrate of 2 BB/100. 4/8 Vegas = $0.50/1.00 online. And there are a LOT of people who can sustain a 6-7 BB/100 winrate at 0.50/1.00 online. Now 99.9% of those people are playing at MUCH higher stakes, but you can definately sustain a 2 BB/hr winrate live. You would be a moron to do so for long, as you could probably just as easily sustain a 1 BB/hr winrate at 20/40.

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I think you can make 2K a month at the 4/8 LHE games in vegas (avg 2 BB/hr @ 40 hours/week = 640/week

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Nobody's true winrate in a live 4/8 limit game is really 2BB/hr.

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Exactly, I am sure that plenty of pros could make more than 2BB/hour at 4/8 limit live if they put their mind to it. But if you could do that, you probably shouldn't be playing 4/8. The play is very bad. I know Sklansky made a comment that no one could make 1/2 BB/hour in the big game. As you move up in limits, it becomes harder to make so many BB/hour in much tighter games.

[surfinillini]

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I think it can easily be done. The 2/5 NL games there are so soft its a joke. I would have a BR of at least 10 grand to start with if you wanted to do it for a living though.

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I have to agree with this...grinding it for $500 a day for 4 days a week is possible.

I'd say 50 buy ins + living expenses would be a good start.

Something in the range of 35-50K would be about right but I'd say its more than possible.

This is not playing the BELLAGIO GAME.

Striclty mirage, wynn, and MGM only.

I honestly think you could make 6 figures playing this game.

Buy in for max, grind it out, leave when you hit your $$ goal. YOu need to be extremely disciplined in MONEY MANAGEMENT, not playing casino games and quitting when you hit your target profit for the day.

I also think a full time job would compliment this well. You need financial stability and decent healthcare god forbid.

Playing this game alone would be risky to live off of depending on amount of traffic in las vegas at down times of the year.

good luck

[VeryTnA]

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quitting when you hit your target profit for the day

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Also set loss and time limits.
Chasing a lost buy in playing a 36 hour session is never a good idea .

[surfinillini]

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quitting when you hit your target profit for the day

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Also set loss and time limits.
Chasing a lost buy in playing a 36 hour session is never a good idea .

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right, you need to set you daily loss too, I'd say two losing buy ins, THREE at the absolute max. you need to be able to realize that it's not your day after dropping two buy ins playing TAG and tomorrow is a new start.

As far as target goal, it should be in the range of 4-500 for a 5-7 hour session.

It's totally possible in the long run to beat this game for large amounts and whoever said the swings are bigger in NL than limit obviously has never tried to play NL full time v limit poker.

In NL you can control your variance I think in a superior way.

[lefty rosen]

Depending on your opponents you can run pretty consistent at NL. Limit no matter how bad the players are you can't do much certain days.....

[ColdCaller]

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Buy in for max, grind it out, leave when you hit your $$ goal. YOu need to be extremely disciplined in MONEY MANAGEMENT, not playing casino games and quitting when you hit your target profit for the day.

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I hope you mean NOT quitting when you hit your target profit for the day. If the game is good and you are playing well, you should not get up because you have won X amount of dollars.

Stop-losses on the other hand, while I do not agree with them, probably will help a lot of players.

[betgo]

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Buy in for max, grind it out, leave when you hit your $$ goal. YOu need to be extremely disciplined in MONEY MANAGEMENT, not playing casino games and quitting when you hit your target profit for the day.

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I hope you mean NOT quitting when you hit your target profit for the day. If the game is good and you are playing well, you should not get up because you have won X amount of dollars.

Stop-losses on the other hand, while I do not agree with them, probably will help a lot of players.

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You need to be confident enough that you can beat the game you are in that you don't let whether you are winning or losing effect things too much. Continuing to play for a long stretch to make up a loss is bad.

If you are losing, take a break, quit for the day, or move to a different table, or casino. I don't like to stay in a game I am losing unless the game is very good.