Wednesday, August 13, 2014

now that i got $7000+ what should i do with it?

Well, things seem to be coming along pretty well. this $7430 is by far the most money ive had in quite a long while, and may be the most ill have at any time in the next few years. its enough to give me a bit of peace of mind, but not really enough to do anything with. (such as play higher limits, learn to drive buy a car, or get a better apt.) u see, for many of them things, access to credit/financing is far more important than access to CASH or a $15 hourly income.

i really wonder what my hourly rate will settle at once i have 1000 hours logged. it barely moves now, since i have over 400 hours logged, wins or losses of a few hundred dollars moves it in very small increments. I need to get in the max hours possible per month (at least 200) for anything decent a month (over $3000 month) but the contradictory thing is the more hours per session i play--the worse my play becomes. short sessions are much better. and i think ive learned most of this thanks to PPPs suggestion of tracking results.

this apt is such a worthless piece of crap for the low monthly rental fee im paying (low even by reno standards) that im seriously considering moving. the neighbors here are decent people, its convenient, it might be work to move into someplace else, but im tired of things not working good here, and also one other thing. plus no working internet wifi bugs me too, not having a working tv only bugs me a minor amount. id only use it to basically watch the news anyway.

But this is why its nice to get away--and be in a nice casino hotel room. i wouldnt mind living in one now that ive got a better bankroll, (one u can live in longterm without worrying about sky hi prices on weekends). maybe like the Pearl river resort in MS-not sure if theres a limit on days in a row, but the weekends are like $45 there poker room rate, and weekdays $35, which isnt a big increase like in many rooms.

then id have an easy nice safe walk daily, no dealing with buses, shitty areas to walk in at night, rooms without working tv or wifi, etc. (power going off, etc).

i wish there were better longer term housing options in north lake tahoe too. i never checked out the place that supposedly had $200 weeklies id called about, but id need a bicycle. cost too much for a cab, but under 5 miles ride, short enough to do on a bike, too far to walk. maybe 12 miles to the poker room in incline, that might be too far even on a bike for anyone except Grump. or my son Mark who often rides 20-30 miles on his.

I still waste money. paid $2 4 times for a bus yesterday instead of a $5 day pass, and then wasted $30 having laundry done instead of spending 3 hours doing it myself. but im avoiding VP machines as much as possible, because im better off playing VBJ in north lake tahoe than any VP here.

i feel like by not moving outright to north lake tahoe and playing the VBJ at the Tahoe Biltmore exclusively while that machine still gives comps and points for drawing tickets, im missing out on about $5000 id have a high likelihood of getting the end of sept. it would be so easy to play heavy and load the drum up to where id have like 75% of the tickets. i am afraid a little of a big loss i might have by overbetting big counts. would be an excellent risk free promo if i had about $25k. then id pretty much be guaranteed the drawing.

and also id like to make a move out east, where most of my friends reside. surely somewhere id find a decent VBJ game too, maybe even a dealers angels. ive heard even the trop in AC put those in, but dont know which type. im pretty sure theyre available near detroit or mount pleasant but Ray wont tell me anything on them because he thinks its wrong to encourage someone to commit sin. also know rhode island has them, maybe delaware too. and i know PA has them with funny rules. (each player own shoe)

also heard they have them in iowa, blackhawk, deadwood, and i know they're at Parx, although the wrong kind with a $5 min bet.

so basically what i need to do is decide BEFORE sept 1, do i move or not, and where? im happy im doing so well, but i also want a more stress free life. i guess thats why i paid so much to not do my own laundry.

im also making better poker decisions with the increased roll. such as making slightly bigger initial buyins, and staying longer with stacks of $200+. but i still should avoid playing too long, and with too large a stack. what should i be doing with the increased roll (poker wise that is) that ive not yet thought of? by the way i got to quit floating, that will cost me money. bluffing is working ok though.

Probably the most important thing of all is to maintain good relations with the dealers and staff, now that i got the roll to do so.

50 comments:

  1. Tony before you think about moving to a more expensive place, please get your tooth fixed while you have the money to do so. This should really be your number one priority right now.

    Just keep the 1 2 nl games going and grind away. Even though you got incredibly lucky on the VBJ machines last week, I still think it not a good idea for you to play them. Time and time again its been shown that once you are stuck on them, all sense of reasoning goes out of your mind, and you lose huge amounts trying various crazy martingale bets to try and get unstuck. Please leave them alone, as the VBJ machines will reduce your roll quicker than anything else you play.

    Whatever you decide, I hope it is a decision that will help you and not hurt you in the long run. Take care, and I might see you in October depending where you are.

    Koala

    ReplyDelete
  2. Spend as much as you can. Whatever you don't spend is going to go towards -EV gambling, where an eventual downswing is going to wipe you out.

    ReplyDelete
  3. Tony,

    You should DEFINITELY be doing your own laundry. There are many benefits of doing so. For example:

    http://www.youtube.com/watch?v=X4OxKa5BM3U

    Let us know how it goes.

    D

    ReplyDelete
    Replies
    1. now u know i cant watch videos unless i go to a place with wifi

      Delete
  4. I smell a big drop coming for Tony!!!!He is to important to do his own laundry as it will stress him out.And if he would just play dem machines he would be guaranteed to win the big money in the drawing as he would have most of the tickets and as far as his tooth why bother about that now he will wait till it is hurting again so he can whine about it. sorry Tony but you never learn you are doing good but you are getting bored and too big for your britches and you want to move on to faster and bigger opportunities that will cut your bankroll down to 0

    ReplyDelete
  5. Don't move to AC. That town is dying. Now that Maryland has casinos running, that is another nail in the coffin. And NY state is debating giving out four casinos there too.

    ReplyDelete
    Replies
    1. id like to make a sizeable bet that within a year playing on stars will be legal if i move to NJ

      Delete
    2. you realize it will be a separate player pool than the rest of pokerstars? might be fine for you though since you play lower stakes. there will be a glass ceiling on how much can be made though.

      Delete
    3. Tony, are you saying the legal status of Pokerstars in NJ is influenced by whether or not you move there?

      Delete
  6. PA in no way, shape, or form has VBJ that deals each player his own shoe.

    ReplyDelete
    Replies
    1. http://www.pokeratlas.com/forum/viewtopic.php?f=19&t=7262&start=13300

      this is a link to my old blog sometime over 4 yrs ago. seems at the time my roll was also in the $7000s and was considering traveling east.

      u will see how experienced BJ players in the PA area post about how the rules in PA require all VBJ games to have a seperate shoe for each individual spot on the regular shufflemaster 5 spot table. in fact, the entire blog is interesting reading, including the part about how Britni still did favors for me online back then in the way of research.

      id like to spend $1000 of this money to pay someone to find her, then spend another $1000 to pay someone to get Josie to come visit, and another $1000 to arrange a TBC meetup on the east coast.

      Delete
    2. making friends and keeping them has always been 100% more important to me than money, why else would i have been so bitter over losing claudia and britni?

      Delete
    3. "then spend another $1000 to pay someone to get Josie to come visit,"

      I will use my charm to make this happen.

      I'm amazed that you haven't offered money to get lightning to visit. Has he been demoted to the Outer Circle? How fleeting fame can be.

      Delete
    4. would u also have the ability to have lightning get a sex change? then i might be more interested in having him visit

      Delete
    5. How is a post from 4 years ago remotely relevant?

      Delete
    6. "would u also have the ability to have lightning get a sex change? then i might be more interested in having him visit"

      Sorry, but my charm can only go so far. I would need to be a Miracle Worker or a surgeon to make that happen.

      Delete
    7. You tie him down. I'll get the knife. We split the money.

      Delete
    8. Wow -- this is getting even creepier than the post where Tony dreamed I was involved in some Mexican prison threesome or something. I think I'll stay safely in the Midwest for now.

      Delete
  7. Tony, you don't have to "do" anything with the money. Why not just start SAVING. Put a chunk away and forget you even have it. Then work on building you savings. Someday, you are going to need money. You're not going to be able to play poker forever. "Use" the money for some security . . .

    ReplyDelete
    Replies
    1. theres no reason i wouldnt play when im over 80 just like everyone else at the table.

      Delete
    2. No, no reason why you wouldn't be like the healthy 80 years old at the table, instead of the 80 years old that are not well enough to grind 8 hours a day. It must be the excellent way you take care of your body, good diet, regular exercise, etc.

      In fact, you probably feel as good as you did 20 years ago, and the next 35-40 years will have little effect on you.

      Delete
    3. tbc, I save every dollar I earn from poker. there is a huge +ev having money saved impo. eating good, sleeping good, saving money aint such a bad thing.

      Delete
  8. Definitely stay the course and now that you are not stressed about money get the tooth fixed. You will feel even better. I agree with the savings part since you will need it in the future. Keep doing what your doing and stay in one spot for awhile. Your BR is growing and that is a good thing. Take care.

    ReplyDelete
  9. PS. Definitely nice to the term "Roll" back in the TBC lexicon . . . It was sorely missed.

    ReplyDelete
    Replies
    1. Now you want him to say "roll?" Expensive lesson, counselor.

      Delete
    2. That may or may not have been, but definitely was, sarcasm

      Delete
  10. "id like to make a move out east, where most of my friends reside. surely somewhere id find a decent VBJ game too, maybe even a dealers angels. ive heard even the trop in AC put those in, but dont know which type. im pretty sure theyre available near detroit or mount pleasant but Ray wont tell me anything on them because he thinks its wrong to encourage someone to commit sin. also know rhode island has them, maybe delaware too. and i know PA has them with funny rules. (each player own shoe)"

    Tony:

    You know how much variance there is on machine play - you've had multiple losses in the thousands at one sitting.

    STICK TO POKER!!!!!!!

    Congrats on growing your roll. Hope it continues. I wish you the best.

    s.i.

    ReplyDelete
  11. I'M RICH BEEEEATCH!!!!!

    Definitely don't fix your tooth. You can have that done at the taxpayers expense when it's about to kill you. Use saved money for crushing VB=win-win!

    ReplyDelete
  12. new roll $7507 and im hanging on Bovada for a while went home to eat and relax. got out of there while i was still up, still hanging onto $15 per hour and was up quite a bit more once. most all my wins come from bluffs and ive been finding every opportunity to bluff i can but thats also how i came to lose back $50.i wonder what vook would think of that style of play.

    ReplyDelete
  13. Tony, I agree with Koala. You have the means to get your tooth fixed now, so why not take care of it? What you are doing now is working well for you, but it sounds like you might be getting bored or anxious to go/do something else. You wrote about being willing to live in a "cheap" hotel room, but at the price you mentioned that would cost you nearly 1150 per month. At your hourly you would be playing 76.5 hours a month just to pay for that hotel room. Im not sure exactly what you pay now, but it's probably close to half that. If you don't like your place, go find something a little nicer with a TV and WiFi, but I don't think living in a hotel is a good idea. You could also buy a cheap TV (I'm sure there is some sort of thrift store there) and antenna (walmart would have these) to get a few channels without paying for cable. Next time do your own laundry, the money you save is a risk free increase to your roll(by not spending it) and you can read a poker book while you wait.

    ReplyDelete
  14. I think most of the time bluffing is a bad idea in live low stakes games, mainly because most players biggest weakness is calling too much. In these games making lots of value bets when you have the best hand is going to make you a lot of money. That said there may be rare situations or games where a bluff is a good idea, and if you are identifying and profiting from these situations that is great, but don't get too fancy.

    ReplyDelete
    Replies
    1. my thoughts are similar. You pretty much never bluffed in the past. for example, we played a hand once where I had AQ on a board of A97 or something. postflop I snap folded when you showed interest. I would have to think twice now that you are mixing in bluffs.

      Just don't overdue it and try to pick the right people to bluff (like me).

      Delete
  15. Two words to remember: income tax.

    ReplyDelete
  16. a LOT of excitement in the peppermill poker room tonight. there was earlier when i was still home in bed, a regular (as u can see from me and him talking via twitter) who punched the guy who was screwing his wife, while she was dealing to him, and i learned about it from reading his twitter while he waited for police, and now hes banned from there. im ashamed to admit i couldnt figure out which dealer that was til Lorraine said Iva was the girl with red hair, and the reason i couldnt place her was i assumed his wife was asian. turns out i know both players. both play all the time.

    2nd incident happened a few hours later while i was playing, about 5 minutes after id hit a hi hand i was afraid wouldnt be strong enough to holdup 30 more minutes for $350. But the good news was this incident im about to reveal caused the game to break, so i ended up getting $315, (minus the dealers tip).

    this one guy was being disrespectful, making fun of people and especially this one woman, and when he said fuck u to the dealer, he got tossed. in fact the floor asked him if he could apologize first, and he said NO, so thats why he got tossed. turned out hes been 86ed other places too in reno. The peppermills gonna run out of customers at this rate of 86ing people.

    so now i need to get in lots of hours once the game restarts up about 10 am since for 24 hours ill get $300 if i get another 4 of a kind. tonights win brought me up to $7945. i need to put some of it on bovada if i still can.

    ReplyDelete
    Replies
    1. not only do i not learn the names of all the dealers, i dont even know the names of any of the cocktail waitresses, which isnt the case for most of the customers.

      Delete
  17. Tony congrats on growing the sock roll.

    ReplyDelete
  18. "this is a link to my old blog sometime over 4 yrs ago. seems at the time my roll was also in the $7000s and was considering traveling east."

    It's absolutely hilarious that you cannot see (or refuse to see) the lesson in all of this. Yes, 4 years ago you had the same amount of money you have now. And you wanted to come east to gamble VBJ.

    Now, 4 years later, you are in the same spot and considering doing the same thing.

    Yet, in between these four years, you blew nearly all of the $7,000, and got so low you were sleeping in a box by a ditch.

    Why not think back, and see if you can learn something from the last 4 years of your life? Perhaps rather than pay $1,000 for Josie to visit you . . . or $1,000 for someone to organize an east coast TBC extravaganza, there is a more prudent approach for you to take?

    Tony, use your head -- you've increased your gorgeous, sweet, sweet, roll nearly three-fold over the past few months, mainly by playing poker. Why change what you are doing? Suck it up, stay in Reno, and continue grinding poker.

    Despite how you may feel, you are not rich. You are still poor as f*ck. You have no cushion whatsoever. You do not deserve any more tips or vacations at this time. You will NOT be playing poker 8 hours a day when you are 80.

    Take some of your money, and put it in a separate bank account. And work to increase that account with some savings. DO NOT try and increase your lifestyle with better housing or whatever else you are considering. It's not time for this yet.

    In short, be SMART this time around. Otherwise, 4 years from now, people will be reading you link to this blog post while you are crowing about how rich you are with $7,000 in 2018.

    ReplyDelete
    Replies
    1. Excellent post Peter. Tony, listen to what Peter said, don't fix what ain't broke. Ok, so there are some broken things, but you finally have a workable arrangement for the first time in a couple of years, keep doing what works. Get your teeth fixed, and keep grinding poker.

      Delete
  19. Here is a wild idea. Find a women dealer you trust that has a house with wifi and television. Go on Craig's list in Reno and see if anyone has a rental in a house that is crazy enough to rent to you. Try and find one near the Casino's you like to play. If you upgrade your living conditions get your teeth fixed and keep grinding your poker you might even get up to 15 to 20 K. Then you can go back to Vegas and lose it all back again. Life can be a bitch. Good Luck TBC

    ReplyDelete
  20. So much couldve gone wrong today that didnt. I arrived at the Peppermill with $937 in cash, and started off losing at $1-2 NL. the game was poor, and a guy whose very well known on 2+2 as a solid winning player whose main goal is massive numbers of hours named Carl, (aka pure aggression) wasnt in good shape 2 yrs ago, but hes doing much better today and has about the same bankroll and hourly rate as me (i asked him). hes got a very long thread on 2+2. he was on his way to the bay area, and then driving back to vegas. we played before in vegas a couple times too. anyway since the game had poor action he moved to the $3-5, and i soon decided to do the same since i was losing and i can afford the $3-5 now, and the action was better in the $3-5.

    But that didnt help me win. the one fish named Sammy whose a rich dentist that everyone wants to play with, he raised his $5 blind to $25, and when it got to me, i made it $125+ more allin with AJ hearts. everyone folded to Sammy and he calls with 86 offsuit (after hes made it $25) and of course wins, when i miss the board completely. and i took 2 similar beats for over $400

    so i went out to use those BJ coupons and found the most empty table (one lady poker player $20-40 playing there) and started flat betting $100. got up about $350, but quit only up $250 when a 3rd guy joined, and never once got the suited BJ, so ive still got the coupons.

    still i was glad to have some of my losses back. also i cashed in $88 comps for $44 freeplay, and ran it thru to cashout.

    went back to the poker room, with $694 of the original $937, and sat in the $1-2 game this time. Bought in $94 of it, and again started losing. and sat there all day, never once getting my 2nd quads for $300 bonus. after losing the $94, i rebought $100, lost it too, then bought in $500 thouroughly on tilt, but still playing well.

    thats when i finally started winning. 7 hours later, i was at $1107, and then lost and left with $1008. so i wasnt up near as much as they thought i was at the cage.

    most all the pots i won were either by calling others bluffs, or most often, by bluffing myself. i started straddling every time on my button too. and as usual, i got far more respect than i deserve.

    for example, i straddle $14 with 75 offsuit, and check my option. flop comes JJ2 rainbow, all 3 check to me. i bet $25 and 2 guys fold, one older asian calls. turn comes 9, he checks, i check. he only has about $45 left. river comes 10. he checks, i show the 7, bet $50, and tell him he should call me if he has that beat. he thinks, then mucks.

    and of course i show the table the bluff.

    im proud of opening up my game so much, but why am i getting away with this stuff so easily and so often? and also i sure wasnt outplayed in the $2-5 i would always get in vast amounts of money with about a 60-40 to 70-30 edge.


    ReplyDelete
    Replies
    1. Good Luck, Tony. Bookmark this post, so when you are broke again, complaining about how only "rich" guys can win at $1/2 and your roll is too small to play the game, you can remember the good times.

      When you first moved to Reno, and were grinding $1/2, I actually was sort of proud of you. I was rely rooting for you. You were the "Hero." But, within less than a month, you've proven to all of us once again that, deep down, you are nothing but a filthy degenerate. All you really want is enough money to "gamble." $100 hands of black jack? Are you fucken kidding me?

      So, it's obvious you don't really want advice. I mean, this has been obvious for years (I guess, for a brief minute over the past month, I thought you might really listen for once). And, I have no desire to root for a loser addicted gambler. So, good luck to you. You are gonna need it.

      Delete
    2. So Tony, you do realize that your entire net worth is approximately only 70 blackjack bets of $100? Seventy. And you are now playing $3-5 NL? Where one bad beat or misplay can devastate your roll? And, despite all the poker experience you have and all the poker advice you have been given over the years, you still won't keep your piehole shut at the table and are also showing bluffs?

      Everyone knows what is coming.

      Delete
    3. The more bluffs u show, the more it takes the other players off their game and makes them play bad. I have 39 buyins for $3 5, I should be ok. The proper time to take shots is when its a better game.

      Delete
    4. You obviously know best, Tony. And you have the track record to prove it. Do as you will, and, as always, ignore everyone else's advice when if doesn't coincide with exactly what you want to do. Of course, you see . . . roll

      Delete
    5. Tony, this might seem a little harsh, it's not because I want to pick on you, but because I care about you and want to see you succeed. I think what you did last night was reckless. If you keep up this behavior you will be broke again in no time. You seem to think it's all okay because you ended up a winner for the day, but you need to remember that it's all about the long term. You can play good and win more than you can reasonably expect (run good), or you can play good and lose (run bad), but the only important thing is that you play good and make good choices. Making good choices includes staying away from blackjack, VBJ and VP, and other house games. If you do that you will win long term. Last night you made several bad choices that will cost you money in the long run. I think we all believe that you can win long term, provided you don't sabotage yourself.

      If you think you're ready to start taking shots at 3-5, you should be selective about when you do this, and not just play when you're running bad at 1-2. Make sure that the game is good, you're not tired or tilted and that you're willing to go back to 1-2 or go home if things don't go well. The swings in a bigger game will be larger (of course), which could cause you to tilt faster than at 1-2.

      When things went bad at 3-5 you should have just want back to 1-2, or if the 1-2 game was that bad go home. Instead you decided to rebuy again (and again?), obviously you're on tilt at this point so you go back to your old habits of trying to win it all back at blackjack. You got lucky at the blackjack table which cooled off your tilt, but what if you didn't get lucky? Would you have had a -$1k day? -$2k? When would you stop?

      DO NOT move up or take shots when tilted, bored or tired
      DO NOT rebuy multiple times when taking a shot at a higher limit
      DO NOT play blackjack or any house game when you get tilted (go home and play on bovado)
      DO NOT straddle
      DO NOT show your hand unless it is required to win the pot

      Delete
  21. Tony,
    I believe you can beat 1/2 No Limit and make a decent living. I think you should have 10,000 before you take shots at 2/5 No Limit. Once there, if your roll goes down to 9,000 then you need to move back to 1/2 until you reach 12,000. Then try again.

    On Bovada, play the double or nothing sit-n-go's. My longest winning streak has been 8 games. I've been playing these in the evenings for about a month now. I'm playing the 20 + 1 level.

    Stay away from Black Jack and the VP & VBJ machines. In the long run, you will lose your money.

    Keep up the good work and become a poker legend. Keep grinding.

    ohcowboy12go

    ReplyDelete
  22. I rarely comment on your poker play Tony, as I do not know enough about the finer points of the game to comment on others ability to play. Anyway others here who are far more skilled than I will ever be make enough comments about your play to indicate to me that you have serious shortfalls in your game.

    I do however know that when you are on tilt from poker losses, you do stupid things like play the machines or hit the BJ tables without stopping to think about your actions or the possible consequences. Making flat $100 BJ bets is just the most foolish thing you could do given the precarious state of your roll and your mental state. As we all know that had you not immediately started to win flat betting $100 a time you would have started to Martingale your BJ bets. There is absolutely no doubt about that , because that is what you do every single time. Once again you got incredibly lucky, and ended up with no major loss for the day when you could easily have done over half your roll or more.

    Tony I don't think you are stupid, but I do think you are a fool sometimes. Wake up to yourself, you are so close to being comfortable, and in a position where many of your stresses no longer exist or are being eased. You are only one moment of foolishness away fom undoing all your hard work and being back in that cardboard box in California.

    Koala

    ReplyDelete
  23. Gotta say playing the BJ for such large stakes is incredibly dangerous. Playing when you know you're on tilt is incredibly dangerous.

    One quick observation: playing a 3/5 table with ~40 buy ins is a sure way to go broke for a professional gambler with no other income. I remember seeing 40 buy ins is enough for a recreational gambler to shot take. I think the theory is 50-100 buy ins are necessary to start shot taking for a live pro who derives all of his income. Given your propensity for tilt, I would advise making that number even higher.

    Also note that you have not even started buying in full to your 1/2 games and you're already moving up in stakes. How bout you take baby steps instead of jumping into the deep end? Congratulations on feeling affluent. Please recognize that it's a sham - you've felt poor for so long that any influx of money is going to feel like a lot. It's similar to the guy at the table who just won a lot of money and goes "chip drunk" - i.e. he plays super loose and aggressive feeling like he can't lose. Be mindful of the work it took to get your bankroll up that high and try not to repeat the mistakes of the past that got you into your "poor" situation.

    ReplyDelete
    Replies
    1. how did i ever think $7000 would be enough for the roll?

      Delete