FFR poker league -dead-

[Reach]

Re: FFR poker league -ongoing-

take your roll and play live. online is a freaking deathtrap or a grind... either way youll get stacked eventually.

the cash tables are definitely not rigged tho. i see one outers on a regular basis (i play/deal live 4-5 times a week). it happens, and its going to happen more often when youre playing 3x as many hands per hour or whatever the online:live ratio is.

i play hi lo strictly to Bang the double nut gut straight flush draw one outer and scoop da motha ****a

Good point.

I play 1/2 at the casino here every once in awhile and I can tell you right now it's a lot softer than 0.25/0.5 online. Hell, it's softer than 0.1/0.25.

It's pretty easy to spot the fish and avoid the sharks, and people are pretty spewy.

Only problem is the rake can be pretty brutal, depending on where you're at.


Lumphobo; 15k? Jesus Christ dude. Ride that heater.

My only note of advice: Set limits on your losses, esp. if you're moving up and quit faster than a fiddler if you hit your loss limit and drop down.

[lumphoboextreme]

Re: FFR poker league -ongoing-

the heat continues... on a serious note do i have to pay taxes on this shit? id really rather not. i don't think i have to either its coming from offshore accounts and they dont automatically take anything out.

EDIT: i'm playing high stakes sngs and consistently winning. my roi is barely dropping at all from 47% which is unreal

[Reach]

Re: FFR poker league -ongoing-

In Canada, no, not unless you're understood to be a professional gambler (I am not, currently anyway), so I don't pay taxes.


You're an american though, so yes you have to pay taxes. The fact that it's offshore doesn't matter an ounce. As far as I know you have to report your winnings, and your losses.

Shitty.

[lumphoboextreme]

Re: FFR poker league -ongoing-

sigh thats bullshit. there has to be some way around it. i havent cashed out enough to have to pay taxes on it yet not real sure what to do i'm def not trying to give up 30-40% of what i've made

[Reach]

Re: FFR poker league -ongoing-

Dunno how tax evasion works in the states. You could try not to pay tax on it, but if you get caught I would imagine you would be in shit.

E.g. in Canada, I can choose to not pay taxes on a lot of stuff and potentially get away with it, but if I get audited and they see I haven't payed taxes I'm screwed so hard it isn't even funny.

[lumphoboextreme]

Re: FFR poker league -ongoing-

yeah that's about how it works over here. last year i only made like 4,000$ so i didn't have to pay taxes but once im over like 7000? thats when i have to start paying tax on it if i have to. idk how they would figure out i had that money anyway, it's sent from overseas in an offshore bank account and it's not like it's registered income or anything.

EDIT: badass. i'm now ranked #16 in the world for any poker site 6 man games any stakes total profit in 2011. :O

[Wyde]

Re: FFR poker league -ongoing-

Signed up for the club out of interest despite being shit at the game. I'm hoping I can learn from decent players so that I can win money off of friends later on in life.

WIll be using the name "Howd Wyde" cuz the short version was taken already.

[Reincarnate]

Re: FFR poker league -ongoing-

My girlfriend is an auditor (albeit not for personal taxes). Trust me -- you don't want to get audited only to find that a bunch of stuff doesn't tie out properly. You'll get screwed hard.

[leonid]

Re: FFR poker league -ongoing-

so marcus how is your learning hold'em rules going

[Reincarnate]

Re: FFR poker league -ongoing-

Reach and I discussed a bunch of stuff over FB the other day. I went ahead and memorized the Poker hands (and made sure my combinatorics made sense and were consistent with the displayed probabilities)... but now I just need to know htf to play

[Reach]

Re: FFR poker league -ongoing-

Reach and I discussed a bunch of stuff over FB the other day. I went ahead and memorized the Poker hands (and made sure my combinatorics made sense and were consistent with the displayed probabilities)... but now I just need to know htf to play

I sent you a link to a site you can use to practice playing by yourself. You'll figure out a lot via trial and error.

Download the client I linked you to the other day and hit me up some time and we'll play a little bit, and I'll show you some stuff. (If you need the link again just send me a message).

From there you'll have a good sense of how to play and can start practising on your own. At that point I think it's probably best to learn via videos, but you'll also want to read all of that shit I sent you the other day (The hold'em strategy site covers pretty much everything you'll ever need to know).

[Reincarnate]

Re: FFR poker league -ongoing-

What I found pretty disgusting:

One Pair: Two cards with the same rank X and three kickers with different, non-X ranks.
(suit combos)*(rank combos)/(total combos) =
(4 choose 2)*(4 choose 1)^3*(13 choose 1)*(12 choose 3)/(52 choose 5) = 0.422569028

High Card: All cards are of different rank (so no pairs), they're not all the same suit (so no flush), and they're not in sequence (so no straight).
(suit combos)*(rank combos)/(total combos) =
((4 choose 1)^5-4)*((13 choose 5)-10)/(52 choose 5) = 0.501177394

which means 0.501177394 + 0.422569028 = 0.923746422 = 92% of the time, we're dealing with a pair at best

[Reach]

Re: FFR poker league -ongoing-

Yes, that's exactly right.

You have to remember though, you only need to have a better hand than your opponent to win a pot. It's all relative.

Also, sometimes you don't need a hand at all if your opponent folds.


With that said, if you're a big hand junkie, after learning hold'em you can pick up omaha almost instantly, and flopping big hands in that game is pretty commonplace. However, the variance in that game is sickening, so I don't recommend it to anyone that doesn't like to gamble.

[awein999]

Re: FFR poker league -ongoing-

What I found pretty disgusting:

One Pair: Two cards with the same rank X and three kickers with different, non-X ranks.
(suit combos)*(rank combos)/(total combos) =
(4 choose 2)*(4 choose 1)^3*(13 choose 1)*(12 choose 3)/(52 choose 5) = 0.422569028

High Card: All cards are of different rank (so no pairs), they're not all the same suit (so no flush), and they're not in sequence (so no straight).
(suit combos)*(rank combos)/(total combos) =
((4 choose 1)^5-4)*((13 choose 5)-10)/(52 choose 5) = 0.501177394

which means 0.501177394 + 0.422569028 = 0.923746422 = 92% of the time, we're dealing with a pair at best

And in 9 handed play 92.37/9=10.26% 100-10.26=89.74% chance that if all 9 people stay in the hand at least one person will have better than a pair.

This evidence suggests that when we play a hand, we do not want a lot of people to stay to the river unless we expect to get a hand that beats everyone else. That's why your position at the table is crucial.

[nois-or-e]

Re: FFR poker league -ongoing-

No-one is playing the first $ game :c