$/hr noob calculation: is this right?
 

Hi, just wanted to check if I'm doing this right. Doesn't seem correct, at least, I hope I've stuffed up here somewhere.

Estimates from rakeback.com:
$3/$6 FR LHE, 4-tables, 20 hours/week, 25% rakeback
Weekly rake $640 and rakeback $160

So hourly wage for 2BB/100 winrate with 260 hands/hr
= (2 * $6BB) * 2.6 lots of 100 hands/hr = $31.20/hr
for a 20 hour week
$31.20/hr * 20 hours = $624

After rake and rakeback
$624 - ($640 rake - $160 rakeback) = $144 total profit for the 20 hour week (or, $7.20 an hour)

Tell me I'm screwing up here somewhere.
PS: Apologies if posted in wrong forum

Re: $/hr noob calculation: is this right?
 

I'm not 100% sure. But if you are screwing up it might be because rake has already been deducted before the winrate was calculated?

So you'd have....

So hourly wage for 2BB/100 winrate with 260 hands/hr
= (2 * $6BB) * 2.6 lots of 100 hands/hr = $31.20/hr
for a 20 hour week
$31.20/hr * 20 hours = $624

$624 + $160 rake back = $784 / 20 = $39.20 an hour?

This is all speculation though [img]/images/graemlins/smile.gif[/img]

Re: $/hr noob calculation: is this right?
 

bump

Re: $/hr noob calculation: is this right?
 

Yea, the rake doesn't come off your winrate. Your winrate is post-rake.

Re: $/hr noob calculation: is this right?
 

Okay, reading this now I am confused.

I only play in casino so, of course, that is only one table at a time.

I play limit (just recently began to try NL).

I haven't done anything to calculate other than take the amount of profit divided by hours.

I mean, of course the rake comes out of the pot so I don't count that for anything. And any tips I give to the dealers come out of my winnings so that further reduces the amount.

So, if I won $14,910 after playing 1,050 hours then isn't my hourly wage $14.20 per hour?

Then, being this was almost all in $3-6 Limit games, that would be about 2.36BB/hour.

I know that statistically one thousand hours is nothing but I have been keeping figures for hours played/amounts won since I started out with my first 45 minute session and the example I gave above is how I was doing it. There would be fluctuations along the way but after playing 2,000 hours or so it seemed it still stayed in the $12-15 range.

I have just begun to play again after not playing for a couple of years and am using that same type of formula. But now that I am playing $1-2 NL games, I don't think about translating it into BB/hour but still look at the average hourly wage because that is what I would come to see would be what I made in a month. However many hours I logged, I basically got "paid" my hourly wage.

If I find $3-6 limit games again, I might go back to those in the casino because I am thinking that NL might be too variable for me if I want to earn slowly but steadily.

Getting off on too many different tangents here so will stop.

Re: $/hr noob calculation: is this right?
 

[ QUOTE ]

So, if I won $14,910 after playing 1,050 hours then isn't my hourly wage $14.20 per hour?

Then, being this was almost all in $3-6 Limit games, that would be about 2.36BB/hour.

I know that statistically one thousand hours is nothing

[/ QUOTE ]

That's correct, and it's not nothing; that's actually very impressive