Las Vegas Poker Player Vlogs

Are you sure at Hollywood Park that isn't the max buyin? I know California has some really weird rules for the low stakes games.

My biggest issue with TBP is he claims he can make $1500/week Ubering but that appears to be a pipe dream.

Last one: Why do Uber drivers act like they deserve to make more than $20 an Hour? I've done Uber for a month or two at a time. If I made $10/hr I thought it was a good night. (pre-pandemic, not in LA)

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Yeah, this. Its incredibly important to have your bankroll in check when you play fulltime or for primary source of income, because you cant play if you dont have money. Being out of action is absolutely critical, because you are now unable to make more money.

Besides that being overrolled for the games you play is also vastly underrated imo. In my experience pretty much every mental hurdle or mental leak can be located back to not being rolled properly/and or financial stress. The most effective recipe by far for maintaining a high winrate is to be overrolled for the games you play at a regular basis. Not only to be handling downswings more easy, but to be at ease when you play and be able to focus on reading the dynamics of the game=focusing on making +EV decisions rather than how will i be able to pay bills for the next month if i lose this big pot.

But that isnt important to Nomad of course, because is such a genius that he doesent go on downswings at all: he just stops playing whenever he loses a full buyin going back to his room to watch youtube multiple days in a row.

There's the answer. Did not realize that, lol.

So, almost all Strip casinos.

What did you need to get the Platinum?

Yeah, but Diesel is only kidding himself when he says he's a pro poker player. He's really a poker dealer. Unlike a poker pro, an event like the Great Ace Cracking of 2024 can just make him quit playing for awhile.

What he should've done is try to get a job dealing the Circuit event that was there in IA, to pad his roll that doesn't exist.

even if that's the case, who takes only 1 buy in when they play?

I've been super overolled for my games for probably 15 years. However I don't say I have x dollars dedicated to poker bc that's pointless. I have most of my money in the stock market and crypto and some in banks earning 5 percent. I went on basically a 40 buy in down swing at live plo this year which was my biggest ever. I had done about 35 buy ins before 7-8 years ago. All that really meant was I had to bring more cash for my box in a poker room i play at often where a lot of the carnage occured.

You're right that being overolled helps a ton at handling swings. I've seen tons of people over the years spend like crazy when running well then they lose 10 or 20 buy ins and can't handle it. They keep tilting and you never see them again. It doesn't feel good showing up to get your teeth kicked in day after day but if you play long enough you're going to go through stretches where that's what happens. How you handle it can make or break you.

Even poker pros have a hard time at grasping EV. If i make 10,000 dollars next time I play 5/5/10 plo that doesn't mean I played 10,000 dollars of +ev poker. It just means I ran really well that night. And if I lose 10k it doesn't mean I played 10k of bad poker.

You can't control the cards. You can run crying to council bluffs if you're aces get cracked for 150 bucks and be completely mentally shook over it or you can learn to handle swings and be objective with you're play. If I have a night where I go 1 for 10 in all ins I'm almost certainly going to lose. It doesn't feel good but if I played those hands correctly then I don't worry about it. Now what I will do is try and find mistakes I made. Maybe I lost 8,000 dollars on the night running like death but I made a bad call for 150 dollars. I could have lost 7850 instead if I played better. It's hard for people to take a step back like this in general especially if you're a downswing away from the poor house but long term it's a very important skill to have in poker.

The pace of live poker is so slow and people are still very bad especially when running bad. How you handle losing is so much more important in live games where edges can be massive than the minutia of trying to grind out an extra 26 cents of ev on a hand that might come up once a year with some perfectly memorized solve. There's a ton of money to be won from tilting players and a ton to be saved not tilting.

You thought $10/hour was a good night? Are you talking about a net of $10/hour after expenses, or before? You like working for free?

I can tell you this: a close friend of mine drove for Lyft full time for about 6 years from 2017 to 2023 and grossed between $75,000 to $105,000 per year. His expenses ranged between $30,000 to $35,000.

No. Typo. $20/hr

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$105k over 52 weeks at 100 hours a week is a little over 20/hr. I'll bet he had to put in close to 100 hours a week to hit that number.

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Being over-rolled might be an advantage for poker players who are already playing at the highest stakes that they can beat. Otherwise, being over-rolled simply means that you should be playing higher stakes and earning more.

For any given edge there's an optimum bankroll size, above which your bankroll will be growing too slowly, and below which, your risk of ruin will be too high. It's simple for me with Blackjack I just recalibrate my betting ramp every time my BR goes up/down by 10k.

BR for me can refer to the physical cash I have immediately available for play in a single session/day, or a trip. For some people, like TBC, the terms bankroll and net worth are interchangeable. I think that's ridiculous. Firstly you need some of that money to live, particularly if you have no other job/income. And secondly I would only be including cash that is on hand and readily accessible. In other words; physical cash and funds in a bank that are available to you on call.

Diesel not worrying about a separate bankroll makes sense. What is he going to do if he sees his BR is too low, move down? The purpose of a separate bankroll is to ensure you stay in action. Whether he tracks his BR separately or not his next move is doing something other than poker.

what the hell was he talking about at 1:30

sage wisdom from Trooper

what could go wrong

from the man himself

People are delusional when they talk about how much they can make Ubering/Lyfting.
And they completely ignore the expense side of the equation.

Yeah when it comes to bankroll management for poker players there are a lot of other considerations other than just what is mathematically optimal. Like you point out there are several reasons why it might not be practical or possible to just change stakes in poker like it is in Blackjack.

However I don't agree that it's not relevant just because a winning poker player has been doing it a certain number of years. What if all their money is tied up in property or other non liquid investments and they only have access to a small amount of cash? Or what if they simply spend all their winnings and never actually grow their bankroll properly.

Keeping a separate bankroll for poker is vital because it allows you to keep playing at the optimal stakes. People could make millions from gambling but have nothing to show for it if they don't have proper bankroll management. If they consistently are spending/blowing their winnings and not using it to grow their bankroll then they will inevitably be under-rolled and will be playing with unacceptable risk of ruin even if they are winning players. It just makes sense to have a seperate roll for gambling that you treat like a business and the rest of your money for everything else.

The only exception to this would be if someone literally has unlimited money just sitting around doing nothing that they don't need to worry about managing it properly, but for most people their money is limited and usually is invested one way or another, so the money they have actually dedicated to poker needs to be managed as optimally as possible.

i think a lot of you guys are coming from the online perspective

for my online stuff, that's all clearly separated via funds in the account - i have a ballpark range i want to stick to - if it falls below that range i do not deposit but rather just continue the grind because my sweetspot is still providing a very healthy margin if it sinks below - it's more of a "way to easily mentally calculate how much i've lost since last withdrawal because i only withdraw around x to if it's x-5k then i know i'm down about 5k since then - i only withdraw when it goes above that range (or when there's special circumstances where i can better put those funds to use elsewhere etc

even during the offseasons where the account will be fairly inactive for a few months, i'll still leave 5 figures in there

so i definitely have a bankroll

whereas for offline stuff - while i do have a "bankroll" and keep track of everything - where those funds come from is a bit up in the air

i am not going to create a 2nd bank account, i keep what is reasonably gong to be utilized available in cash on hand (i have a fanny pack of uncashed sports tickets and wads of cash) but i regularly say "woah that's way more cash than i need i'm going to start using my credit cards less and start paying for things with this" and likewise there's a bunch of times where for a variety of reasons i'll need to hit up that atm and grab cash to add to a position

so yes I technically have a "roll" but it's all the same more or less

if i had mortage payments or children to support i'd be much more diligent about fencing off the funds i need to survive the next year

but as it stands i try to operate leanly and efficiently - if i have more than 4 figures in savings then i feel like i'm not doing it optimally, that money should instead be getting put to use on something else, why didn't i roll that 10k into 100x$100 bestball drafts etc?

so i get it and can understand where he's coming from and i don't think for one second that i'm financially irresponsible - i've survived covid with zero income, i've survived 8-9 month break even stretches - i'm not winging it, i just think arbitrarily having two bank accounts etc doesn't make much sense because i'm operating on my own

if i were working as a team then yeah without a doubt i'd be doing separation of funds and more careful accounting of whether that $82 profit from last session goes into what pool - but i'm ridin solo so there's no need to designate whether that $82 goes towards my next sportsbet or poker session or buying flowers and yayo as a gift in my continued efforts to swoon over lt

by Langdon P

from the man himself

A true clown...

The difference over the years between having a dedicated and optimally managed bankroll and just saying yolo will be night and day. It's like someone who invests half their pay every month and someone who just spends all their pay every single month. After 40 years of working life the difference in where they end up financially can often be 7 figures

The optimal stakes for poker basically don't exist for anyone with just a decent amount of money.

Blowing money on nonsense is a life leak not a poker bankroll leak. Someone who does this is endanger of going broke but it's not bc they won't designate a poker bankroll. We see athletes do this all of the time and they don't need to set aside money to buy into an NFL game for example. I don't need a separate poker bankroll in order to not waste my money on stupid ****.

this is just the difference b/w being good with money/investing well and spending like an idiot/not investing. it has nothing to do with "x dollars" is for poker once you have a reasonable amount of money to play publicly available games. it's not different than 2 people working the same job making the same amount of money for 20-40 years. the person who invests well will have way more than the guy who spends like a drunken sailor.

if someone says they need 50k or even 100k for the games they play and they don't save/invest and just blow everything else there's a very good chance they end up broke especially as they get older and health issues can creep up. dedicating 50k to poker won't help much when things go really bad and they've blown everything else.

you see it even more in tournaments- someone finally has a huge score and they piss the money away quickly thinking it's sustainable. that's really a life leak.

You are advocating for not even having a poker bankroll at all. That might work fine for you, but I'd argue that it won't work out well for a lot of people.

If they did have one they at least give themselves a chance to not blow it and grow it instead.