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-   -   $1k/day at MGM 1-2 NL? (http://archives1.twoplustwo.com/showthread.php?t=202800)

Eder 09-02-2006 11:09 PM

$1k/day at MGM 1-2 NL?
 
I sat last night with a guy at 1-2 NL at MGM...he mentioned that he played here for a living. I replied that he must be sleeping in culverts as a 1-2 NL pro,but he insisted he averages around $1k/day!
Is this possible even at the donkfest MGM tables? His game seemed solid .
I played around 12 hours over 3 days for a profit of $1045 after tokes and my game sucks...perhaps it is possible?

balt999 09-02-2006 11:17 PM

Re: $1k/day at MGM 1-2 NL?
 
MGM 1-2 NL is pretty soft..I've always made a profit when I played, so this guy's claim has merit.

Photoc 09-02-2006 11:22 PM

Re: $1k/day at MGM 1-2 NL?
 
No one on earth is averaging 1k a day in 1/2 NL anywhere on earth. Thats variance and that's all it is. THE BEST NL players will make around 15/hour in a 1/2 NL game over long term.

ebranig 09-02-2006 11:58 PM

Re: $1k/day at MGM 1-2 NL?
 
Agree fully.

This guy ran well for a couple of days, that's all.

LionelHutz00 09-03-2006 12:32 AM

Re: $1k/day at MGM 1-2 NL?
 
If he averages 500 BB/day, why in the name of all things holy would he be playing 1/2?

Yaboosh 09-03-2006 12:36 AM

Re: $1k/day at MGM 1-2 NL?
 
Imagine he is playing 16 hours per day, assume around 35 hands per hour (very generous), that is 560 hands per day. If he is making $1000/day, that would be 1.78 per hand, 178 per 100 hands, or 45ptbb/100. Somehow I don't believe him.

tpir 09-03-2006 01:52 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
Imagine he is playing 16 hours per day, assume around 35 hands per hour (very generous), that is 560 hands per day. If he is making $1000/day, that would be 1.78 per hand, 178 per 100 hands, or 45ptbb/100. Somehow I don't believe him.

[/ QUOTE ]
Over such a short span of hands this is just hitting one or two draws in big pots or dodging them in those same pots to go up a few bonus buy-ins over the avg. So I def. believe it... I just don't think it can be sustained.

bav 09-03-2006 03:18 AM

Re: $1k/day at MGM 1-2 NL?
 
There seem to be a substantial number of NL1/2 "pros" at MGM. I kept quizzing the last guy who proudly told me he was a pro and it turns out he lives rent-free with his uncle, doesn't have girlfriend, and doesn't own a car. He basically needs enough money to buy food and clothes, so a few $hundred/week is all he needs. With such limited monetary requirements, yeah it wouldn't be too tough to be a NL1/2 pro.

But no, I side with the folks who don't believe anyone can average $1K/day over the long haul.

CamelZoo 09-03-2006 04:02 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
No one on earth is averaging 1k a day in 1/2 NL anywhere on earth. Thats variance and that's all it is. THE BEST NL players will make around 15/hour in a 1/2 NL game over long term.

[/ QUOTE ]

i really think this is low - how did you come up with 15/hr?

Photoc 09-03-2006 04:22 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]

i really think this is low - how did you come up with 15/hr?

[/ QUOTE ]

This number has been quoted on here lots of times over the past few years in the SSNL and B&M Forums. It's essentially 2.5PT bb/hour. Which would be about 7.5Poker Tracker bb/100 hands. That is pretty large. (1bb = 2x big blind in NL)

Slider 09-03-2006 04:42 AM

Re: $1k/day at MGM 1-2 NL?
 
I think you can do about 25-35 if it's uncapped. Maybe even more.

runout_mick 09-03-2006 05:26 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
I think you can do about 25-35 if it's uncapped. Maybe even more.

[/ QUOTE ]

I've run at about $23/hr for the last year in my uncapped game....

Maybe He's just playing 40 hours a day to make up that $1000?

bigeasy59 09-03-2006 06:06 AM

Re: $1k/day at MGM 1-2 NL?
 
I have played that game I play it or the 2/5 when in vegas about 1or 2x a month. you can win 1k in that game but not every day there is no way to do that every day the deck has to hit you upside the head and you have to avoid the suckouts. I have seen 1k won in that game 3 times between me and my friends and everytime we floped multible sets and str8 and didn't get suckedout on. I did howerver see a guy with a 8k stack at the table but he had been there like 50+hr's.

TKWest 09-03-2006 02:10 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
I did howerver see a guy with a 8k stack at the table but he had been there like 50+hr's.

[/ QUOTE ]

I was there for 3 days in Jan and one guy never left

Had a big stack but looked like death. Fun life.

Dozer64 09-03-2006 02:59 PM

Re: $1k/day at MGM 1-2 NL?
 
Is there a game with higher variance than $1/$2 NL? I can't imagine there is.

If he can sustain $1K/day then he is obviously a really, really skilled leather-ass with more than a few bad beat stories.

09-03-2006 03:01 PM

Re: $1k/day at MGM 1-2 NL?
 
The times when I go to Vegas, I find it pretty easy to make $300-$500 in an 8 hour 1/2 NL session at the MGM. Most of the players are really bad.

bigmarcb 09-03-2006 03:24 PM

Re: $1k/day at MGM 1-2 NL?
 
its not possible

MicroBob 09-03-2006 04:41 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
but he insisted he averages around $1k/day!

[/ QUOTE ]


Lots of players 'insist' that they can do such things.

But if you actually talk to them about it in greater detail perhaps you will get them to say something like,

"Well...yeah, I USUALLY average AROUND $1k/day.
Yesterday I made $740 so that pretty much counts as my $1k goal.
A couple days last week I took bad-beats and lost $400 each day...but the beats were so bad and that's really unusual so that doesn't count."
etc etc.
Stuff that just doesn't make sense like saying "I average AROUND $1k on MOST days" clues you in about them (much less the sillyness and braggyness of the original claim).


However, if the 1/2 NL game is uncapped it can sometimes play pretty deep-stacked and wildly and I would not be at all surprised if 10BB/hr or higher were possible in such a game.

I'm not an NL expert...just getting started on the game actually.
But I believe there is a big difference between 1/2 online with a cap...and 1/2 live with no cap.
And because of the no-cap I don't think that online win-rate considerations necessarily apply.


$1k/day is an outrageous claim for 1/2 NL though (even with no-cap and deep-stacks all the time) as he would need to win $2k for each day where he only breaks-even.

But I do think it's possible to win more than people may think in the right games.
With no-cap on the buy-in, some 1/2 NL games can play more like 2/5 NL or higher (some guy always wanting to open for $30 or something and then getting multiple cold-callers from all the $1k+ stacks).

smbruin22 09-03-2006 05:39 PM

Re: $1k/day at MGM 1-2 NL?
 
you know, probably two of the four golfers i've played with who told me beforehand they were low handicappers (say a 5 and a 7) were sitting 5 off the first tee in each case (actually i think 7 in each case, but you won't believe it or you'll scold me for letting them hit that many tee shots - no one was behind us).. so these guys shot 150+ at least and they claimed they were low handicappers.

anyhow, they said they were low handicappers and they were 7 off the first tee.

met at a guy at a casino who told me he was a professional poker player and made good money then he watched a 4-8 table from the rail for 10 hours. (in fairness, he wasn't full of himself or suggesting he does amazingly)...

people are often intentionally full of it... or they don't even realize that they are... like microbob said, the definition of averaging $1000 a day can be so far off. that is probably his best days (like 10% of them)

A_C_Slater 09-03-2006 05:57 PM

Re: $1k/day at MGM 1-2 NL?
 
So if he plays just 250 days a year than that means he makes a quarter mil a year playing live 1-2 NL

His claim seems reasonable enough to me.



(Bolded parts to be read in a rising "Norm Macdonald-like" tone.)

Lopaka 09-03-2006 06:22 PM

Re: $1k/day at MGM 1-2 NL?
 
Even giving this claim consideration is absolutely ridiculous. It isn't even in the realm of possibility. The MGM game has a $200 cap. In that game 1k a week is possible for a very skilled player who can adapt to a 1/2NL game by playing 40hrs/week. 1k a day just isn't possible and anyone who thinks otherwise should just be discounted as a loon. It isn't even worth getting into the math to prove it.

mikech 09-03-2006 06:42 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
[ QUOTE ]

i really think this is low - how did you come up with 15/hr?

[/ QUOTE ]

This number has been quoted on here lots of times over the past few years in the SSNL and B&M Forums. It's essentially 2.5PT bb/hour. Which would be about 7.5Poker Tracker bb/100 hands. That is pretty large. (1bb = 2x big blind in NL)

[/ QUOTE ]
this is a low estimation. double-digit winrates at party 100nl or 200nl have been achieved by many players over long samples and it was certainly sustainable given game conditions back then (i don't know if the games have gotten tougher). add to that the fact that live games are typically much softer than the same stakes online, and i think that 15-20ptbb/100 is possible in a b&m 1-2 game.

that being said, his claim of 1k/day is horse manure. he's only getting dealt 25-30 hands/hour, so there simply aren't enough hrs in a day for him to make that amount.

MicroBob 09-03-2006 06:46 PM

Re: $1k/day at MGM 1-2 NL?
 
If the game has a $200 cap on the buy-in then it definitely isn't possible (and it would be pretty close to impossible without the cap).


I agree that $1k/week is possible for a very skilled player.

This would be $25/hr X 40 hours though and I think 12.5BB/hr (close to 20BB/100 or more) is still pretty unlikely though.


But a table of mostly crazy-drunks (or just passively bad players) against a VERY skilled player who also happens to run decently for an entire yr or two, I think it actually is on the edge of possibility to make $1k/40hrs at this game.


But this is kind of like arguing about what kind of win-rate Phil Ivey would have on the PartyPoker .5/1 limit game.

TylerD 09-03-2006 07:13 PM

Re: $1k/day at MGM 1-2 NL?
 
i played this game a lot when i stayed at the MGM for 6 nights a couple of weeks ago. The game *is* very soft but it is also populated by short stacked newbies. There's no way the av. MGM 1/2 player loses enough to support a $1K a day pro.

ski 09-03-2006 07:31 PM

Re: $1k/day at MGM 1-2 NL?
 
almost EVERYONE who plays 1/2 NL at a casino thinks they are the best poker player in the world. He probbaly has played a total of 8 hours and made $600, so he figures if he was there all day he would make $1K.

People's egos are so dumb. I was at the casino the other night watching some sunglasses idiot at 1/2 go into the tank for 2 min before shoving allin as a bluff into my friends AA.

RUFFNECK 09-04-2006 12:01 AM

Re: $1k/day at MGM 1-2 NL?
 
After being @ MGM and playing this game alot for the past two weeks, there is no way it is possible long-term.

I do believe you can break off a 1K in a day with the right conditions and cards. I never played long enough to get into that realm but I did have some 500+ sessions there in the 1/2.

Maybe the biggest hindrance I noticed in the MGM game in particular is when you do stack someone the rest of the table starts getting gun shy vs. you. At 1/2 blinds that is a whole lot of small pot stealing to get to that 1K mark.

P.S.- Now that I think about it, in that two weeks I never saw anyone rack up out of that game for a 1K+ profit.

AKQJ10 09-04-2006 01:33 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
I do believe you can break off a 1K in a day with the right conditions and cards.

[/ QUOTE ]

No doubt about that. Once I stopped tracking where I stood in the Foxwoods $1-2, counted my chip stacks a few moments later, and realized I was up $500 in 30 minutes. I'm sure all you need is two or three TPTK/overpair hands to stand up for $200+ pot, then a set or nut straight against another big stack, and you're up $1000.

bav 09-04-2006 01:42 AM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
P.S.- Now that I think about it, in that two weeks I never saw anyone rack up out of that game for a 1K+ profit.

[/ QUOTE ]

Then you didn't pay enough attention 'cause folks do that reasonably often--any weekend about 2am or 3am look around at all the NL1/2 tables and you'll often see one or two $1K+ stacks. But it's not a question of whether you can make $1000 in a day--lotsa people do that now and then. It's whether you can AVERAGE that day after day after day. No, you can't. Show me this guy's 1040 showing a $200k income from gambling and his daily records backing up that it came from NL1/2 at MGM and I'll become a believer.

mikech 09-04-2006 01:59 AM

Re: $1k/day at MGM 1-2 NL?
 
here's a 7k stack at 200capped nl:

[ QUOTE ]
Ok boys, the pic says it all. Last night's drunken game witht he Danes at the Venetian, poster Trix ran up a HUGE Fkn' STACK:

Trix Stage 1:

http://img.photobucket.com/albums/v6...photo_0003.jpg

1 hour later:

http://img.photobucket.com/albums/v6...photo_0008.jpg

Red $5 chips for you non-live noobs, each small stack is $100.

Trix with StinkyPete:

http://img.photobucket.com/albums/v6...photo_0005.jpg

[/ QUOTE ]

Mcot 09-04-2006 04:09 AM

Re: $1k/day at MGM 1-2 NL?
 
Some kid had like 9k on the table 100max nl at turning stone. He only had been playing for 36 hours I think.

1k per day is quite possible, perhaps even for a few weeks / months if your playing good running well and u win a few HUGE pots to average out the days where u dont make as much.

There are stories about some of the name pros now adays playing back 3-4 yrs ago when poker first started to get big and having 40 + days at the casino showing a profit. Basically never having a loosing day.

He said he makes 1k a day but he didnt say how many days that was over. Its definatly possible though for like a month stright though.

groton 09-04-2006 04:28 AM

Re: $1k/day at MGM 1-2 NL?
 
nice Stack in those pics

badblood44 09-05-2006 12:01 PM

Re: $1k/day at MGM 1-2 NL?
 
For 4 days at 1/2NL at MGM, I ran well. +720, +692, + 972, -143. I can imagine averaging $1k/week if you are significantly above average. My data is without 1 single river suckout, which signifies how +3sigma I was running.

Photoc 09-05-2006 12:32 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
For 4 days at 1/2NL at MGM, I ran well. +720, +692, + 972, -143.

[/ QUOTE ]

Hummm....I hope I dont' run well on the 4th day [img]/images/graemlins/grin.gif[/img] but grats on the first 3!


[ QUOTE ]
I can imagine averaging $1k/week if you are significantly above average. My data is without 1 single river suckout, which signifies how +3sigma I was running.

[/ QUOTE ]
1k/week is still extremely tough to do without a lot of hours put in. The guy in the first post was claiming 1k/day though.

Ness3 09-05-2006 12:45 PM

Re: $1k/day at MGM 1-2 NL?
 
1K/day is obviously crazy.

However, if it is anything like the 1/2 300max games in AC, I believe someone could make a reasonable amount of money playing that game exlclusively. Reasonable in comparison to what normal people make around the country, not Aba pulling down 700K a month.

Ness

Riverman 09-05-2006 12:54 PM

Re: $1k/day at MGM 1-2 NL?
 
Obviously 1k/day is ridiculous. I do think $40 is very doable though.

fslexcduck 09-05-2006 01:45 PM

Re: $1k/day at MGM 1-2 NL?
 
this thread is stupid. my last live session in vegas i made 3.2k in under 2 hours in the caesar's 1-2nl game. so if i can do that, it proves that i can easily make only ONE thousand in TEN hours even on my worst days. man you guys must suck at live poker.

Jihad 09-05-2006 04:33 PM

Re: $1k/day at MGM 1-2 NL?
 
My GF made 20K in a little over 2 months playing 2/3NL in San Diego. She ran well, and played a ton of hours. I think that there's more than people realize available out there in the low limit games.

AKQJ10 09-05-2006 04:49 PM

Re: $1k/day at MGM 1-2 NL?
 
We suck at poker, and yet we understand what the word average means. Who would have imagined?

mikech 09-05-2006 05:05 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
My GF made 20K in a little over 2 months playing 2/3NL in San Diego. She ran well, and played a ton of hours. I think that there's more than people realize available out there in the low limit games.

[/ QUOTE ]
i thought photoc's estimate was too low. my estimate was:

[ QUOTE ]
i think that 15-20ptbb/100 is possible in a b&m 1-2 game.

[/ QUOTE ]
let's say she played 10 hrs/day over 60 days; $20k/600hrs=$33/hr. assuming she gets dealt 25-30 hands/hr (i'll use 27), she made about $1.20 per hand. in a $3 bb game that happens to be exactly 20ptbb/100.

that's probably the limit of what's sustainable, though. and the sample size is of course still too small. she only saw ~16k hands over those 2 months; a lot of online players log that many hands in less than a week. nonetheless, nice job by your gf!

mikech 09-05-2006 05:09 PM

Re: $1k/day at MGM 1-2 NL?
 
[ QUOTE ]
We suck at poker, and yet we understand what the word average means. Who would have imagined?

[/ QUOTE ]
you suck at poker, and you also don't understand what the words sarcasm, hyperbole and joke mean.


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