#1
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$/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 |
#2
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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] |
#3
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Re: $/hr noob calculation: is this right?
bump
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#4
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Re: $/hr noob calculation: is this right?
Yea, the rake doesn't come off your winrate. Your winrate is post-rake.
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#5
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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. |
#6
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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 |
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