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Poker Discussion
General Poker
a question of poker psychology
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[QUOTE="SolaRoe, post: 1969985, member: 91836"] Okay, let's think about it together. First, merely eliminating affordable poker losses at the cost of reducing entertainment value is zero-sum for me. I lose less cash, but I also enjoy playing less, so there is no net gain. If the poker losses are NOT affordable, then there is a definite need either to stop playing or to become better enough so that the entertainment value compensates for affordable losses. This same reasoning applies to small, piddly profits. Eliminating entertainment value for the sake of making a profit that doesn't have a significant impact on my life is also zero-sum for me. In order to consider sacrificing entertainment value in exchange for profits, the profits would have to make a significant difference to me. So let me say, just at random, that I'd be happy cashing out $100 per month. Since I'd also want to be building up my bankroll against cold streaks, I'd more likely need to make profits of $200 or even $300 per month, so that the $100 or $200 I don't cash out increases my BR. Let's say $200 just for simplicity. So what would it take for me to make $200 a month in poker profit? My current play rate is, for simplicity's sake, about 20 STTs a day. Assuming five days of play a week, that's 100 STTs a week. The government's formula for converting weeks to months is to multiply by 4.33, so we're talking about 433 STTs a month. I'd need to make an average of 46.19 cents per STT in order to make the sacrifice of entertainment value profitable. Beyond this it's a matter of being able to calculate a combination of ITM rate, proportion of 1st/2nd/3rd place finishes, and the appropriate stakes level. I need help with that because I simply don't know what the standard thinking is on a profitable player's ITM rate and proportion of 1st/2nd/3rd place finishes. So over to you. Let me know what ITM rate and finish proportions to aim for. [/QUOTE]
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a question of poker psychology
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