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Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc

bandinibandini Member Posts: 1,802
edited August 2011 in The Poker Clinic
Only mentioning LOLRAISE because he's one of the few who priveledges us with an answer.

Closest you boys have come to going bust? I, obviously, know nothing about youse.

But has it ever come close to considering a different career? Even with your edge has it run so bad you've considered something else?
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  • Dudeskin8Dudeskin8 Member Posts: 6,228
    edited August 2011
    I'm not a pro lol but I'd imagine it's be almost impossible to go broke if you use proper bankroll management as if you lose too much you simply move down a level. Of course some people have an ego which prevents them from doing this so that could be a factor in losing it all.
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  • debdobs_67debdobs_67 Member Posts: 3,615
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    I'm not a pro lol but I'd imagine it's be almost impossible to go broke if you use proper bankroll management as if you lose too much you simply move down a level. Of course some people have an ego which prevents them from doing this so that could be a factor in losing it all.
    Posted by Dudeskin8
    I agree with this as a few months ago i noticed a reg 25/50 nlhe who was playing 4/8 and 5/10 where i was playing and now appears to have moved back UP
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  • MohicanMohican Member Posts: 1,435
    edited August 2011
    I think I've heard LOLUFOLD describe himself as a bankroll nit so it's very unlikely he's been busto through bad BRM.
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  • DOHHHHHHHDOHHHHHHH Member Posts: 17,929
    edited August 2011

    Put it in the "Ask team sky poker" thing, much more likely to get answers there. 

    They prob all did several times when they had BR's of 1k or less......But then they wouldn't have been as good then as they are now. 

    Lol raise was down at nl50 a while back but within a couple of months was back at 500nl+, winning every sky roller, and on his way to Vegas. 

    They could all probably fall back on nl50 and beat it as easily as I can beat nl4. Which makes me wanna cry as nl50 kicks my bot bot! haaaaaaaaaaaaaa.

    Also means it's prob impossible for them to go broke from where they are now, unless they go mental.


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  • loonytoonsloonytoons Member Posts: 4,270
    edited August 2011
    I would say that the globe is littered with 'pros' that have gone busto and some that owe every tom d ick and harry a lot of money.
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  • MohicanMohican Member Posts: 1,435
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    I would say that the globe is littered with 'pros' that have gone busto and some that owe every tom d ick and harry a lot of money.
    Posted by loonytoons
    Chino Reem anyone?
    Google Chino Reem and probation and read about players waiting for him at the casino to cash out after his win in the Epic Poker League.
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  • percival09percival09 Member Posts: 3,804
    edited August 2011
    You'll probz find they have gone broke at some time
    I'd imagine they'll have at least 40 BI for their level which makes it quite difficult to go broke -  these players probz have an edge on most players on Sky anyway 
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  • AMYBRAMYBR Member Posts: 3,432
    edited August 2011
    Matasow is perma broke, he'd be the first to admit it.

    Everyone goes broke from time to time.

    There are truly exceptional people that dont and huge respect to them.

    BRM is the hardest thing to get right IMO.
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  • loonytoonsloonytoons Member Posts: 4,270
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    You'll probz find they have gone broke at some time I'd imagine they'll have at least 40 BI for their level which makes it quite difficult to go broke -  these players probz have an edge on most players on Sky anyway 
    Posted by percival09
    Lol, keep dreamin.
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  • rancidrancid Member Posts: 5,945
    edited August 2011
    95% of pros bust the roll early in there career - high risk reward for the big spin in cash or big win in a MTT will set you up - I remember reading or hearing about Daniel Negreuno who went bust 2-3 times early when he was trying to crack Vegas

    You will always get the 5% who start with £50 and spin it into 100,000 in one year but thats really run good and spin up big with max risk, like 50% of you BR on a cash table.


    Once you have a nice roll then you can stop the gamble and just manage your Bankroll.
    You could spin up with a bit of luck, one big MTT win will either let you play slightly higher and maintain a win ratio or just play too big and dump your money on table full of better players which 80% of winners do.
    In this game the money tends to filter up the stakes in cash to the high rollers, the little fish get eaten and the fat fish just get fatter.
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  • rancidrancid Member Posts: 5,945
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc : Lol, keep dreamin.
    Posted by loonytoons
    I am sure they stay within 2-5% of the BR on the table at any one time




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  • percival09percival09 Member Posts: 3,804
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc : Lol, keep dreamin.
    Posted by loonytoons
    I'm pretty sure if they grind 10+ tables, and want to make a living out of it (obv do if they are pros) then they will def have at least 40 BI's

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  • DOHHHHHHHDOHHHHHHH Member Posts: 17,929
    edited August 2011

    I reckon ur looking at 100x buy ins at least.

    Probably 250 bi +

    Obviously not the best example, but reds was playing 200nl all the time before he won 200k in Vegas.

    Now he plays, 200nl.

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  • rancidrancid Member Posts: 5,945
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    I reckon ur looking at 100x buy ins at least. Probably 250 bi + Obviously not the best example, but reds was playing 200nl all the time before he won 200k in Vegas. Now he plays, 200nl.
    Posted by DOHHHHHHH
    100x buy in's is 1% of BR
    250 is 0.4% so yeah thats a BR nit )

    obviously 50,000 is not his entire BR so he is a massive BR nit




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  • LOL_RAISELOL_RAISE Member Posts: 2,188
    edited August 2011
    i lost 2/3rds my roll in the first week of 2010 ~$27k. i still had a winning month though which was pretty amazing

    2010 was terrible for me, went on 60bi downswing over 6week period in oct/nov ( />half of this is due to tilt/spew bad play etc) when i started taking shots at nl400. ended up underolled for nl100.

    br nit /> no br
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  • debdobs_67debdobs_67 Member Posts: 3,615
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    i lost 2/3rds my roll in the first week of 2010 ~$27k. i still had a winning month though which was pretty amazing 2010 was terrible for me, went on 60bi downswing over 6week period in oct/nov ( />half of this is due to tilt/spew bad play etc) when i started taking shots at nl400. ended up underolled for nl100. br nit /> no br
    Posted by LOL_RAISE
    OK fair play here for total honesty BUT would ya let this happen again ?? bet the answer is no xxx
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  • bandinibandini Member Posts: 1,802
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    i lost 2/3rds my roll in the first week of 2010 ~$27k. i still had a winning month though which was pretty amazing 2010 was terrible for me, went on 60bi downswing over 6week period in oct/nov ( />half of this is due to tilt/spew bad play etc) when i started taking shots at nl400. ended up underolled for nl100. br nit /> no br
    Posted by LOL_RAISE
    Wow. Kudos. Reply appreciated, ty. Food for thought.

    Tough, tough game this thing they call poker.
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  • Lambert180Lambert180 Member Posts: 12,197
    edited August 2011
    Very interesting thread Bandini, gave me a good read.

    On the topic of BRM, I'd appreciate people's input on my own BRM.
    I started with £20 and have gradually worked it up to £200 by playing 2p/4p (now 50 BIs) and I'm still playing at this level, do you think this is too tight? Or should I move up to 4p/8p?
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  • LLCooLDLLCooLD Member Posts: 78
    edited August 2011
    Id really like to know why Phil Ivey owes $8m in loans to Full Tilt. What reason would he need to borrow that?!
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  • Lambert180Lambert180 Member Posts: 12,197
    edited August 2011
    In Response to Re: Do pros ever go bust? FAO LOLRAISE, lolu, gliterbabe, ljamesl, brownndog, etc:
    Id really like to know why Phil Ivey owes $8m in loans to Full Tilt. What reason would he need to borrow that?!
    Posted by LLCooLD
    Expensive tastes?
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