Announcement

Collapse
No announcement yet.

Lounge: Does anyone play poker as a hobby?

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Lounge: Does anyone play poker as a hobby?

    I enjoy playing poker on occasion. For obvious reasons, I do not play very often. I'd prefer to play a home game for $20 with friends for the "sport" and "social" aspect of the game. Unfortunately I can never get a home game going so ill go to the casino on average once-twice a month and I'll play a cash game or tournament.

    I use survey money to fund this vice so my buy in fund (bankroll) this year is $300. The reason that I bring this up is the math aspect of the game (part of my joy of playing). Mathematically it is most advantageous to buy in for the table maximum (lowest limit at local casino $1-2 max buy in $300) in order to maximize equity. It takes just one unlucky flip or "cooler" hand to wipe out the bankroll.

    I know the easy answer (and what my degenerate friends would suggest) is to simply increase my bankroll. That makes sense from a math perspective given the variance of the game, but I am not going to open up that can of worms. The money is how I keep score. I am certainly not doing this to "get rich" or win any meaningful money. My wife actually suggested that I play for charity which seems like a pretty fun idea too.

  • #2
    I love poker! Besides hiking, it's my favorite hobby. I'll usually play 2-3 times a month (cash games or tournaments) at the local casino, and I always make the WSOP in Las Vegas every summer for 3-4 tournaments. I'll never get rich playing, but it's very social and makes me use the math part of my brain.

    Comment


    • #3
      I love playing but ever since they shut down the online games I've been out of practice.  I did play 1/2 no hold'em my last time in vegas and made $1k over 3 days.  It's a fun hobby (unless you think you might get addicted) and I don't mind losing a few hundred bucks for a couple of hours of entertainment.

      Comment


      • #4
        I have played in the past, but not for years. I used to multitable online games, playing about 1k hands per hour. I made about $25K over a couple years.

        Regarding buy ins, you could study short stacking if you don’t want to buy in full. Short stacking means buying in with about 20 big blinds and shoving a range of hands after there have been a raise and call/raise from deep stacks. The idea is that opening hand ranges for deep stacks are wider than would call your 20 BB shove so you have decent fold equity. You also have decent show down equity against their calling range if you construct your own shoving range appropriately. People tend to dislike short stackers since you basically have to leave if you win because you will no longer be short stacking.

        Anyway, poker is a well studied game and players are always rapidly improving. At the low limits, you are going to lose if you don’t study even if you know basic hand stats, pot odds, optimal opening hand ranges, etc.

        Comment


        • #5
          Love playing poker, but only with my sister and her wife on my annual visit to Albuquerque. (I’m sure this surprises many of you.) I guess that’s not exactly a hobby, but a pasttime? Have enjoyed this for many years as a form of entertainment when I visit and several times paid for the whole trip with my winnings. We could be doing many other things that cost money but the game and camaraderie with Breaking Bad on TV in the background fits the bill just fine.
          Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

          Comment


          • #6


            WSOP in Las Vegas
            Click to expand...


            What events do you play? I have tried to satellite in without success.

             


            It’s a fun hobby (unless you think you might get addicted) and I don’t mind losing a few hundred bucks for a couple of hours of entertainment.
            Click to expand...


            I agree. I'd be comfortable increasing the bankroll a bit, but to be honest it is a slippery slope with me. My wife keeps a very close eye before because she sees how often my dad goes and is concerned it could get out of hand. I agree with her which is why I intentionally am limiting my bankroll.


            I made about $25K over a couple years.
            Click to expand...


            ************************. My lifetime earning between home games, grinding online and tournaments is on the range of $2-4k. I am very much a break even player. With the rakes now it is hard to play positive equity poker in live games. I can't do online because of the state I live in unfortunately.


            Regarding buy ins, you could study short stacking if you don’t want to buy in full.
            Click to expand...


            The min buy in is 50BB. Aside from abhoring the "hit and run" methodology, I do not like the prescriptive approach. Sure, you got to follow the math while on the short stack in tournaments when you get to the 20BB range, but it is not a position I often want to put myself in. The local casino 1/2 game plays looser with standard pre-flop raise 5-10BB. Thus, you see the need to buy in for table max. I can't 3 barrel my missed draws and make it a positive equity play (i.e. playing my strong made hands and drawing hands similarly to balance my range) when they are going to get pot odds to call me down to the end.


            Anyway, poker is a well studied game and players are always rapidly improving. At the low limits, you are going to lose if you don’t study even if you know basic hand stats, pot odds, optimal opening hand ranges, etc.
            Click to expand...


            Live games are polarized around here. I am the sucker if I go at noon on a Tuesday. On evening and weekends I am generally one of the better players. I don't step into the $1/$3 or $2/5 because I am simply outmatched. I read blogs and watch vlogs to stay up to date with some of the popular theories and strategies. I am certainly not a fish but I am not a shark either. I know the basics: starting hand ranges, pot odds, implied odds, playing hand ranges. I am usually a tight aggressive player. I play narrower opening range except on button, CO, HJ, LJ. But I am not afraid to go all-in with nothing especially when I have blockers etc.

            Comment


            • #7
              Sounds like a couple votes for WCI II in Nevada.

              A couple partners make a little money playing poker.  One partner has a spouse who is gainfully employed playing poker.  I prefer the flow of blackjack.  On the rare occasion that I play, I typically make enough to cover gas and the cost of a shower to get the smoke smell away.

              Comment


              • #8
                I learned NL Texas Hold ‘Em during medical school playing with loan money. We played home games routinely buying in for $200-400 at a time (with some people rebuying if they busted out).

                This was right when WSOP on TV popularized it (2003?).

                I played online a little but it just wasn’t fun, and I wasn’t into it enough to study and go crazy like some of my friends (who could make real money).

                Every few years I end up in Vegas and play 1/2 NL. I’ve evolved from the guy who only played mid pocket pair or higher to the guy who calls the big blind (and occasional raises) if I have almost any suited connector. Definitely do it when I’m in good position.

                That’s the evolution of playing because I can’t afford to lose $ (and shouldn’t have been playing) to being able to not sweat a few hundred $. I should say I squirreled away a tiny sum of money to spend on stuff like that. I still don’t like the idea of losing money gambling, so only do it with my tiny bit of “play” money.
                An alt-brown look at medicine, money, faith, & family
                www.RogueDadMD.com

                Comment


                • #9
                  I love playing poker and have a couple of home games I play in. I read a lot and enjoy studying the game. As you know, you really need a bankroll of at least 10x your standard buy in to account for variance. Also, without the bankroll, you will tend to play way too tight as you don’t want to lose “all of your money”.

                  I think a $200 buy in at $1/2 is fine, so if you can save up $2,000 as your bankroll without affecting your overall finances, that’s what I would do. I’m not sure where you are financially, but maybe you can do some extra surveys and not play for a few months to save up.

                  If you like podcasts, check out Red Chip Poker. It’s one of my favorites.

                  Comment


                  • #10


                    think a $200 buy in at $1/2 is fine, so if you can save up $2,000 as your bankroll without affecting your overall finances, that’s what I would do. I’m not sure where you are financially, but maybe you can do some extra surveys and not play for a few months to save up.
                    Click to expand...


                    I have tried to explain to my wife the concept of variance and a sufficient bankroll. She is not on board . I am a fellow so there are many more things that I should do with $2000, so I can't justify this bankroll. Probably this time next year when I am an attending and my loans are fully paid I can go to a $3000 bankroll that I think is most appropriate.

                    I hadn't played since 12/2017. There was a special this Friday where they were paying out $500-1000 every 15 minutes for high hand (have to use both your hole cards and Aces over full house to qualify) and I just started vacation so I felt like I had to go. I bought in for $300 and walked away with $300 (only because I somehow got a guy to inexplicably fold top two pair). I played a $50 tournament + $25 bounty tournament yesterday at a dying casino and won 4 bounties and came in second (only 17 players) so my bankroll is up to $545 after tipping the dealers etc. I like your idea for $200 buy ins. I think I may do a few more surveys and only play when there are nice specials like the one detailed above (tends to bring out the fish like me  :P ) or bounty tournaments. I have some people that will stake me, but I just feel awkward having people stake me when they make less than I do as a fellow.

                    Comment


                    • #11


                      ou will tend to play way too tight as you don’t want to lose “all of your money”.
                      Click to expand...


                      This is the biggest issue. I already have a ton of leaks in my game (I do not 3 bet enough and I will limp too often in mid position) and this small bankroll magnifies those leaks.

                      I am checking out Red Chip Poker now. I am liking it thusfar. Thanks for the recommendation.

                      Comment


                      • #12
                        The game I play in LV is low limit ($5 - $10/hand) blackjack.  With 20x the per hand, I can blackjack play all day and walk away plus or minus 1/2 the stack while tipping.

                        As for Poker, love playing the $20 family/friends game.  I have played NL at a casino (with my neighbor) about an hour away twice, doubled my stack once (for a dinner with wife at Ruth Chris's) and won $18 the other time (gas plus).  The issue with limit poker is a. someone always has a larger stack than you, b. someone is always going to call your double bullets with 2 - 7 offsuit just because.  No limit is the way to go imo where the range of poker 'skills' associated comes into play imo.

                        Comment


                        • #13
                          i always have to look up what beats what cause i can't remember.

                          last time out, i was excited because i had three pairs!  three!  so i bet big and lost.  apparently three pairs is not really better than two pairs.

                          we usually play for $20, can rebuy in twice.  don't want anyone to have hurt feelings.  the guys laugh because when they were students they would play for several hundred a night, and now $5 raise is showing someone you mean business.  i never played before and i'm just invited for social reasons.  or for my $20.  either way. 

                           

                           

                          Comment


                          • #14
                            I miss playing poker a lot.. I used to play 20 hours a week of 1-2 limit hold'em at a local casino here when I was a lowly college student.  I just liked playing and watching people.  I eventually had to stop because if i played less than 20 hours/week I felt rusty, but I couldn't afford to spend that much time once school got difficult =)

                             

                            When I was first reading your post Christopher, I thought this was a thread about how to get a Solo 401k due to poker "gains" =)

                             

                            Was I the only one? hahaha

                            Comment


                            • #15







                              WSOP in Las Vegas
                              Click to expand…


                              What events do you play? I have tried to satellite in without success.

                               




                              It’s a fun hobby (unless you think you might get addicted) and I don’t mind losing a few hundred bucks for a couple of hours of entertainment.
                              Click to expand…


                              I agree. I’d be comfortable increasing the bankroll a bit, but to be honest it is a slippery slope with me. My wife keeps a very close eye before because she sees how often my dad goes and is concerned it could get out of hand. I agree with her which is why I intentionally am limiting my bankroll.




                              I made about $25K over a couple years.
                              Click to expand…


                              ************************. My lifetime earning between home games, grinding online and tournaments is on the range of $2-4k. I am very much a break even player. With the rakes now it is hard to play positive equity poker in live games. I can’t do online because of the state I live in unfortunately.




                              Regarding buy ins, you could study short stacking if you don’t want to buy in full.
                              Click to expand…


                              The min buy in is 50BB. Aside from abhoring the “hit and run” methodology, I do not like the prescriptive approach. Sure, you got to follow the math while on the short stack in tournaments when you get to the 20BB range, but it is not a position I often want to put myself in. The local casino 1/2 game plays looser with standard pre-flop raise 5-10BB. Thus, you see the need to buy in for table max. I can’t 3 barrel my missed draws and make it a positive equity play (i.e. playing my strong made hands and drawing hands similarly to balance my range) when they are going to get pot odds to call me down to the end.




                              Anyway, poker is a well studied game and players are always rapidly improving. At the low limits, you are going to lose if you don’t study even if you know basic hand stats, pot odds, optimal opening hand ranges, etc.
                              Click to expand…


                              Live games are polarized around here. I am the sucker if I go at noon on a Tuesday. On evening and weekends I am generally one of the better players. I don’t step into the $1/$3 or $2/5 because I am simply outmatched. I read blogs and watch vlogs to stay up to date with some of the popular theories and strategies. I am certainly not a fish but I am not a shark either. I know the basics: starting hand ranges, pot odds, implied odds, playing hand ranges. I am usually a tight aggressive player. I play narrower opening range except on button, CO, HJ, LJ. But I am not afraid to go all-in with nothing especially when I have blockers etc.
                              Click to expand...


                              I usually play 1K-3K NLHE tournaments. I can't bring myself to buy into the 10K main event, a few years ago I was out in the first 20 minutes of a 1.5K bracelet event with set over set, and if I lost 10K in 20 minutes I'd be depressed the rest of the week! If you just want the WSOP experience without the higher buy-ins, there are a lot of options going on at that time at the Rio. The daily deep stack is fun and is around $300, and there are a few bracelet events in the $300-$500 range, but like the daily deep stack after several hours they get pretty turboish. I highly recommend going if you haven't, it's the best time for anyone who loves poker, with hundreds of tables and thousands of players playing each day.

                              Comment

                              Working...
                              X