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Originally posted by: MoneyLAroadtrip,.............
and regarding bankrolls: remember that in the games I mentioned, players are limited to the amount of money they can use to buy into the game. in the 100-300 dollar buy in game, the most you can buy in with is $300. anyone with more than $300 in front of them got that extra money by winning it. as you lose you are allow to rebuy but only the amount you lost up to $300. once you have $300 in front of you there are no more rebuys. the same is true with the $300-500 game. $500 is the maximum buyin and when you have $500 in front of you there are no additional buys of chips.
I've been in literally several hundred different poker rooms and/or casinos, in the contiguous US and foreign countries.
In a poker room I "opened" (I was a dealer, floor, ass't mgr at the time), we used to spread a $1.00-$3.00 limit game, the "baby" game instead of $1.00-$2.00. It was a spread limit game, "bet 1.00 to $3.00 anytime", and was designed to increase the pot size, give the players the illusion of a small game, and still get a decent rake. So yes, I have seen $1.00-$3.00 games. And in more than one location. It became a popular format for quite awhile.
Also, most poker rooms who use the old "Las Vegas Hilton" Rules, (Most rooms pattern their rules after those, it was the "bible" of poker room rules 20 years ago) generally will allow a buy in that is a maximum of whatever is advertised, with a little known exception that will allow a player to buy in for an amount equal to the largest stack on the table in play. Of course, that depends on the room and management, and it's one of those "rules" that many dealers and floor people may not be knowledgeable about, and/or the room discourages. Still, it's often printed in the house rules, which should be available to players to read in the room. Again, some rooms do not offer their Rules to educate players, but most "classier" rooms will, although it may not make you the most welcome "card in the deck", so to speak.
One of the first things I do when I visit a room for the first time is ask to read the house rules. And many times have been told they are not available, or locked in the managers office. Many places do not "like" rule knowledgeable players. Quite often, the floor rules according to spirit and intent, (and who the involved players are) even knowing there is a rule addressing the situation that would be contrary to what they rule.
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The only bankroll that matters when you play poker is how much you have on the table and how much you can bet. It has nothing to do with you bank account.
This is your philosophy. You do not believe that skill will win in the long run, and you always approach gambling one session at a time, without regard for advantage, or disadvantage.
Other poker players, myself included, take the game far more seriously. We know that if we are the better player at that table, we should win money. We know we need more than one buy in to insure our success.
Although I would like to, I would never sit in a game with the "Big Name Pros". I do not play poker for entertainment. It is a job. An income. Work.
You would enjoy playing with the celebrities. I'll find a "better" game to play. If I want Doyle or Caro to have my money, than I'll mail them a check. Because my chance of actually walking away with a win are significantly less at their table than elsewhere. I don't need the entertainment or prestige. I have no image to project or protect. I have no ego or "celebrity" status that "requires" me to make an appearance. I could care less about walking on the red carpet to play poker with "them".
Some players only have a bankroll to invest equal to their buy in. The "correct" amount, according to the math, is that a poker buy in should be no more than about 2% of the players total bankroll, if that player is a "pro". And a true "pro" will not use their bankroll to pay living expenses, etc, it is their investment fund, their toolbox. The money management for living expenses, etc is done annually, or perhaps quarterly. And after that money is removed from their bankroll, they will still not buy into a game where their investment is more than 2%.
You could care less about the money, or success when you gamble. You do not play with an advantage, as evidenced by your constant admittance to playing short pay tables at VP. You actually believe that there is no such thing as "Advantage Play", or that a players skill may allow them to profit from some gambling situations in the long run. You only believe in luck.
OTH, I do not consider poker "gambling".
As WC Fields said, "Not the way I play". It's winning to me, I have my log or poker diaries going back over more than 20 years. I know, without a doubt, that my skill set in the poker room is profitable every year. And I have had many losing months over that time. Some losing streaks were longer than a month, or two, or three, or more.
And that's the reason for a proper bankroll. Because without one, a pro player could find themselves "unemployed" when their bankroll were gone, due to a long losing streak. Of course, they also have long winning streaks, and when they do, it is equally important to put those wins into the toolbox and not spend it.
That's the difference between myself, and several other players on this forum. WE understand advantage play, believe in our skills, and know we will win in the long run, even shortening "the long run" to "annually".
You gamble "for fun", and admit to never having a winning year.
Yet, you continuously harp against those who claim they do, and constantly find fault with advantage play and skill.
I'm not certain why I've written such a lengthy response to your message. I know who you are, what you do for a living, and I actually think I understand "why" you say many of the things you do.
I just find it rather distressing that someone who seems to be articulate can not seem to, or refuses to grasp the realities of gaming and advantage play or understand the skill set required to be successful year after year. And people have tried to explain and teach, and you refuse to open your mind to those lessons.
But, I don't play at every opportunity to visit a casino or poker room. I may go, look around, and decide there is nothing for me that visit. I don't have an "image" to project or protect.
I am a legend in my own mind. But I'll keep my low profile and try to remain invisible. I have no one that I think I should try to impress. Especially when it comes to casino's.
I'm there for one reason. To walk out with more money than I went inside with. I do not seek entertainment. It is not recreation to me. If I want recreation, I'll go fishing or hiking or kayaking or boating or something recreational.