Advanced search

Per hour numbers

The all important concept of not going broke.

Moderators: k3nt, LPF Police Department

Per hour numbers

Postby Rhound50 » Thu Dec 16, 2004 5:34 pm

I have just in the last couple of months actually tracked my per hour, I am up to about 120 hours, at what point have you guys found that your per hour figure is a good represenation of your play, with my total hours being so low, I have major fluctuations based on good and bad sessions. At what hour level does it flatten out enough to get a good representation?

I'm not sure if this is the right forum for this or if it should go under odds. If it is in the wrong forum moderators feel free to move it.
User avatar
Rhound50
Semi Pro (B&M & Online)
 
Posts: 7304
Joined: Mon Dec 06, 2004 12:15 am
Location: La Jolla, Ca

Postby TheUnknownPlayer » Mon Dec 20, 2004 2:20 pm

Rhound,

1000 hours is usually good enough - unless the answer is going to be the impetus to quit your job and play for a living in which case I'd wait for at least 2000 hours.
User avatar
TheUnknownPlayer
Pro (B&M)
 
Posts: 313
Joined: Thu Nov 18, 2004 11:59 am

Postby TheUnknownPlayer » Tue Dec 21, 2004 1:30 am

Rhound50,

My stats from Nov 24th to Dec 20th are +$9485 for 90 hours work or approximately $105.39/hr. Let's look at two scenario's from these numbers... in the first one I'll play a 10 hour session and win $1000, in the second scenario I'll play a 10 hour session and lose $1000. Both of these events are reasonable possibilities.

In both cases my sample size shall be 100 hours. In the first one, I'll be up $10,485 for 100 hours and my hourly shall be $104.85. In the second scenario, I'll be up $8485 for 100 hours and my hourly shall be $84.85. The first scenario is 23% greater. 23% swing in one session! Clearly 100 hours is insufficient. Now let's say I worked 100 a month for a year and my stats stayed at $104.85/hr. Now I've got 1190 hours or $124,772 for the year at the $104.85/hr number with ten hours to go. In the last ten hours of the year, let's say I win $1000 in one scenario and lose $1000 in a second scenario. Well, I'm either at $125,772 for the year or $123,772 for the year respectively. The difference here is only 1.6% and I for one can live with a margin of error of less than 2%.

TUP
User avatar
TheUnknownPlayer
Pro (B&M)
 
Posts: 313
Joined: Thu Nov 18, 2004 11:59 am

Postby Rhound50 » Thu Dec 23, 2004 4:10 am

Thanks for the feedback TUP, I really was just asking out of curiosity. I now have a little over 100 hrs logged and the variations have gotten smaller and I'm happy with my per hour. I am a engineering student and am very happy with just playin poker on the side for fun and as a way to earn some extra money. Not planning on going pro anytime soon.
User avatar
Rhound50
Semi Pro (B&M & Online)
 
Posts: 7304
Joined: Mon Dec 06, 2004 12:15 am
Location: La Jolla, Ca

Postby Namkce » Wed Dec 29, 2004 5:00 am

- Namkce
User avatar
Namkce
 
Posts: 18
Joined: Wed Dec 29, 2004 4:51 am
Location: Superior, WI

Postby tetsuo » Wed Dec 29, 2004 2:16 pm

Hey, Namkce.

This thread may not answer your question in full, but might be of interest to you if you have not already read it.

http://livepokerforum.com/forum/viewtopic.php?t=276
Image
User avatar
tetsuo
Site Admin
 
Posts: 1790
Joined: Sat Oct 30, 2004 8:33 pm


Return to Bankroll Management

Who is online

Users browsing this forum: No registered users and 2 guests

cron