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Old 12-23-2006, 08:24 PM
Hielko Hielko is offline
Senior Member
 
Join Date: Nov 2005
Posts: 1,468
Default Re: Big Loss in One Session

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So you've won $110 in seven sessions at a $8-16 game. Sounds like a break even player to me.

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Not enough info for this evaluation. 7 sessions doesn't mean squat. You can easily go 4-6 months and break even, even though you are still actually beating the game.(just convert your hours in a cardroom times the hand per hour(about 40). Then compare that to the 40k hands online breakeven streaks that many, including myself(even live), have experienced. It helps put it in perspective.)

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You should consider that the level of play at these small stakes live games is very low. This gives a good player a huge edge, making large breakeven stretches (counted in number of hands) almost impossible. When you are playing high-stakes holdem online with a 1bb/100 edge (or perhaps even smaller) you can have huge swings and break even stretches. If you are a solid player a winrate of 1 or 2 bb/hour is certainly possible in a low stakes live limit game. If you have a winrate like that, a long breakeven period is almost impossible. Another thing is that you don't need a bankroll as big as often is adviced on these boards. Your winrate in bb/100 can be 5+ when playing live, so a 300BB bankroll isn't needed. When you earn 2BB/hour you have a +/- 1% risk of ruin on a 150BB bankroll (depends a bit on play style aka the variance).
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