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Profit or keeping score another way.

View Poll Results: How do you think about your profit in games in terms of.....
Purely in terms of cash value 4 30.77%
In Terms of BB (for cash) or Buy In's for Tourney's 6 46.15%
As long as I win i don't worry how you say it. 3 23.08%
No Idea - NEver really though about it 0 0%
Voters: 13. You may not vote on this poll

Old
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Profit or keeping score another way. - Fri Feb 17, 2012, 12:15 PM
(#1)
Grade b's Avatar
Since: Jun 2010
Posts: 3,604
Hi all as i'm reading some threads today i come across a few that are taking about the %0 - 0 games and one poster has said that the 1.50 games you cant make lots of money.

Is it best to think about the "profit" we make in micro stacks in terms of

cash value

BB's

Buy ins

I'd like to here from what people think?


I am always ready to learn although I do not always like being taught. ~Winston Churchill

13 Time Bracelet Winner


 
Old
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Fri Feb 17, 2012, 12:25 PM
(#2)
JWK24's Avatar
Since: Jun 2010
Posts: 24,788
(Super-Moderator)
BronzeStar
I vote for the option that isn't there... IT DEPENDS!

For me, it totally depends on the type of game, tourney, etc. Without specific game info, there isn't a simple answer, in my opinion.

John (JWK24)


Super-Moderator



6 Time Bracelet Winner


 
Old
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Fri Feb 17, 2012, 12:29 PM
(#3)
holdemace486's Avatar
Since: Nov 2011
Posts: 1,760
I do not know wich one to vote grade b,as long as I win occasionally to stay even im happy at that,so what choice should I vote b?.
 
Old
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Fri Feb 17, 2012, 12:30 PM
(#4)
Feskprins's Avatar
Since: May 2011
Posts: 450
I'm on the same page as John, but at the same time, isn't it cash we're out to win? I don't care about ROI and stuff like that because the point is to make as much money as possible as quickly as possible (although ROI is a good guideline). The other ones are just ways of measuring relative values.

....

Last edited by Feskprins; Fri Feb 17, 2012 at 12:33 PM..
 
Old
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Fri Feb 17, 2012, 03:17 PM
(#5)
Grade b's Avatar
Since: Jun 2010
Posts: 3,604
I would vote buy in then Holdemace


I am always ready to learn although I do not always like being taught. ~Winston Churchill

13 Time Bracelet Winner


 
Old
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Fri Feb 17, 2012, 05:43 PM
(#6)
19honu62's Avatar
Since: Jul 2010
Posts: 1,770
Hey Grade great question. I am going to suggest that it is all relative to what you are trying to accomplish. For instance if I have $10 and bust it 3 times and reload but all the while learning so that one day I can crush it consistantly by watching videos like Spacegravy or xxflix or Cowboy or ahar. How do you put a value on the learning curve.
Now lets say I have $10 and play 1000 micros and turn it into $50 or someone else takes it and over those same 1000 games turns it into $100. Both have done well because you learn so much along the way.
I know many people that use ROI as a measure or return / hr but what if the person is only playing as a hobby. For example someone plays 10 games a day of $.25 45 mans and someone else grinds 100 a day. As long as both are in profit and are happy with their cash.
This brings me to the issue of a plan or goal setting. Everyone should have a plan or a goal whether you are a beginner or a pro. Once you achieve those goals set new ones. Or try and accomplish that goal again but in shorter time frame.
In summary, you have to know where you want to go or else how will you know when you arrive?

Giddy Up!
 
Old
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Fri Feb 17, 2012, 08:29 PM
(#7)
RockerguyAA's Avatar
Since: Feb 2011
Posts: 1,089
BronzeStar
For playing cash live, it breaks down both ways, pure cash value and BB/100.

Total profits / total hours played = average hourly profit : This tells me how much I am making.

Big Bets (BB) / 100 hands = average profit per 100 hands played : This is used for reference so if I were to say, move up from $1/2 NL to $2/5 NL I could more accurately judge any changes in my skill edge over my opponents.
 
Old
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Sat Feb 18, 2012, 02:07 AM
(#8)
holdemace486's Avatar
Since: Nov 2011
Posts: 1,760
Quote:
Originally Posted by 19honu62 View Post
Hey Grade great question. I am going to suggest that it is all relative to what you are trying to accomplish. For instance if I have $10 and bust it 3 times and reload but all the while learning so that one day I can crush it consistantly by watching videos like Spacegravy or xxflix or Cowboy or ahar. How do you put a value on the learning curve.
Thats me in a nut shell, sorry to intrude B,I voted buyins. 19honu62 great thougths there and the value of losing I consider a priceless learning curve. Should I set myself a goal now of some discription?, could someone suggest something to me.
 
Old
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Sat Feb 18, 2012, 02:19 PM
(#9)
Grade b's Avatar
Since: Jun 2010
Posts: 3,604
Hi Holdenace,

No worries mate. Just cos I set up the thread does not make it "mine" Although if i make a donk play against you and get lucky I'd rather you post it else where.

Yes good answers to a poorly thought out question.

I suggest you play 100 25 cent sit and goes

allow 6.25 to complete all 100 and see how much you made after 100.

For more details look up Cowboy challenge sticky in challenges

Grade b


I am always ready to learn although I do not always like being taught. ~Winston Churchill

13 Time Bracelet Winner


 
Old
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Sat Feb 18, 2012, 02:43 PM
(#10)
Don B. Cilly's Avatar
Since: Nov 2011
Posts: 394
BIs/BBs.

I'm not in it for the money anyway :)
 
Old
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Sat Feb 18, 2012, 02:54 PM
(#11)
holdemace486's Avatar
Since: Nov 2011
Posts: 1,760
Cheers b,advice appreciated
 
Old
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Sat Feb 18, 2012, 07:37 PM
(#12)
wetmoose 613's Avatar
Since: Dec 2010
Posts: 434
ChromeStar
i agree with honu here. i m a rec player with a little skill and knowledge.4 months of sticking with the plan and learning has netted me -$9 (the stuff outside the plan cost a lot more)
Yes i m going to be a profitable player ,but that s in the future
gl y all
 
Old
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Sun Feb 19, 2012, 02:02 AM
(#13)
Darkman61's Avatar
Since: Jan 2010
Posts: 2,225
BronzeStar
Quote:
Originally Posted by Don B. Cilly View Post
BIs/BBs.

I'm not in it for the money anyway
I like you. Bring your friends
 
Old
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Sun Feb 19, 2012, 09:23 AM
(#14)
XDcchrisXD's Avatar
Since: Feb 2012
Posts: 66
interesting question. When I think about it I think I mostly see it as buyins. I try to at least win my buyin back, but of course also to win more than that.
But since I don't play very high stakes it's not that much about pure profit in terms of cash for me, but just having fun, learning to play better and not losing too much money.
 

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