Printing money like a sloth - my first membership in a stable and the way up from micros to high-stakes


    • Just finished 4th in the Bigger109. Feels pretty bad atm as I lost a chiplead-pot 4 players left with TT vs 22, but what can you do. I think I delivered my A-game and that´s all i can do...


      @painlezz
      Yes, I had a talk with my parents and they told me, they didn´t perceive the whole story as "kicking me out" but more as a strong recommendation to live there. Don´t want to go too much into detail but overall everything is fine now again and I will stay in the flat allone until I move away from Germany.
    • @painlezz For sure! Hopefully the pokermarket-crew has some space for me again, it was such an amazing time last year <3
      :club: :spade: :heart: :diamond:

      What´s up boys and girls,

      We have made it through another month!

      November 2018 – just keep on crushing…

      Actually, my plan was to increase the volume for a while but unfortunately there were some difficulties with that. I set up a new bank-account, which I wanted to use for future withdrawals and the disastrous pokerstars-support did not only need 2 weeks to process that, but also banned my account from playing for that time. The support is just another factor where you can see how things are going down with that once so amazing site. I just hope Partypoker will manage to take over that old roll of Pokerstars over time.

      Besides that not too many remarkable things have happened this month. The important stuff is that I played good, I made a decent amount of profit, I made great progress in my game/ studied a lot and also did good in my private life. I´m unhappy with my volume but that was not entirely on me this month I guess.

      Due to a pretty nice income for the last 2 months I am now very close to an important decision. Either I´ll use the money for moving to another country (my favourites are Budapest, Vienna and Malta so far) or I´ll use it as a Bankroll, leave the stable as a horse and start playing on own.

      The advantages of moving to another place would be:
      • A more fulfilling private life:
        Where I live now, I have almost no friends, no other poker-players and overall I am living a pretty isolated and lonely life. Also the weather sucks, and the overall population of my town as well^^ (high average age, a lot of old, conservative and grumpy people). On the other hand at least I have here my family and friends who at least live in cities nearby. So the social aspect will not necessarily improve by moving away on my own.
      • A more relaxed tax-situation:
        Overall, staying in Germany for a longer period of time is a very stupid thing to do for a poker-player in my opinion (especially if you play MTTs). I have some friends, who made their first 100-200k profit while living in Germany. Even though they are living in other places now, they basically have to fear for the next 10 years that someday there comes a letter, telling them to pay huge amounts of taxes, which potentially ruins your life as it´s money you probably no longer have (or never had if you played staked). That´s definitely a situation I want to avoid.
      • Having an exciting experience:
        Similar to the first point. Right now I don´t really have the most exciting life in the world. It´s obvious that moving to a more interesting place would spice things up and create much more moments I´ll love to look back at some day. I won´t always be so free in my choice where I wanna live.


      The advantages of playing on own:
      • Increase income:
        I feel like I already made the happiness-over-money-choice when I moved to Costa Rica. And while I still don´t regret it (and I most likely never will), maybe it´s now the time to start making some money. I am now at a point where giving away half of your winnings matters a lot and I don´t think any stable in the world could provide that kind of services that would make me wanna pay them 3-4 thousand dollars per month.
      • Logically the right choice:
        In the end I want to do both things as soon as possible: move away AND play on my own. Moving away costs a lot of money, and even after the move I will have 5x higher living expenses than I have right now in Germany. On the contrary playing on my own will increase my income and keep my expenses at a minimum for now. Thus, I will accomplish both things faster, if dropping out of the stable is the first thing I do.
      If you have any opinion on that issue let me know :)

      Okay, let´s turn to the stats and numbers:

      This month I played 37k hands in 405 Tournaments with an 41$ abi. I only had a winrate of +4,8 evBB/100, which is not great. I´ve put 17.700$ on stake and cashed for 28.700$ leaving me with a ~11.000$ net-profit.
      Chip-ev:
      Net-winnings:

      Eventually, a prospect on what happens in December. Just like in the last 2 years, I will spend some time in Prague for the EPT. Because of that and due to Christmas and stuff I don´t think there will be too much online grind going on but I´ll do what I can. :)
      Anyways, let me know if you want some pieces for my Prague action:

      Ciao Ciao! :hi:
    • @painlezz I was already thinking about Asia. On the one hand it´s very appealing bcs of the climate, nature and as you said the very low living expenses. Overall it would be an amzing experience I think.
      On the other hand I´d say that for tournament players the timezone is the worst bcs the Primetime is in the middle of the night. But the key-factor why I don´t think about moving to Asia anymore is because I´m moving allone and I don´t have the guts to something like that all allone.
      Where exactly did you live? Why did you decide to come back? And did you have problems with the internet-connection?
    • I lived in Krabi with 3 grinders from russia for almost 1 year. I came back to Germany when Pokerstars increased the min buy in from 20bb to 40bb and introduced CAP tables. My edge just went down and rakeback got worse over the time. We had no problems with our internet connection at all! There is a big poker community in Thailand, I came in touch with them via 2+2. If I remember correctly they still should have a Thailand poker Skype channel.

      I just enjoyed getting up at 7am to play for 6-8h straight :D It was like a regular job for me at that time and still took enough time off to party with backpackers.
      "Spiele nl100/200/500 Zoom agressives Konzept"
    • At least for the summer times British Columbia is nice as well. Depends on what you like to do in your free time of course. The climate over there is very constant and even in the winter it does not get as freezing and icy as other parts of Canada.
      Belize and Columbia seems to be the most favorite destinations for middle and south America. I know some are grinding out of Buenos Aires in Argentina and loved it.

      I will probably move to British Columbia myself in a couple of years, once I graduate here.
    • Ladies and Gentlemen,

      the Year is over!

      December 2018 – Time to say goodbye!

      December started off with some live action: The EPT Prague. Unfortunately, I ran bad in the tournaments there and didn´t cash in any of the 5 I played. Fortunately, I decided to play some NL400 on the last day with my own bankroll and managed to win like 5 and a half stacks in 8 hours :D So eventually, I managed to come home with at least a little bit of pocket money ;)

      Back home and after a lot of thinking I decided that it´s time for me to leave MIG staking as a horse. I agreed with the CEOs to keep playing staked by them, until I grinded out my Make-up which is currently at approximately 8-9 thousand Euros due to a very unlucky December. After that I will move down to a ~15$ average buy-in and start playing with my own Bankroll. I will stay part of the stable as a coach for the micro- and low-stakes horses, though, and hopefully keep working together with them for a long time.

      I am very grateful for everything the stable has done for me and it was without a doubt the best possible decision for me to join MIG (or “Team Faultier”/ “Team sloth” as they were called in the beginning^^). There is no way I would have made my way from barely beating 1,50$ SnGs to crushing Mid-stakes MTTs, become a coach myself and play my first 10k majors live within 2 years, if it wasn´t for the amazing support of them.

      It´s completely crazy if you think about how I would live a completely different life right now, with a different job, different friends, in a different place and most likely even have a to some degree different character/personality due to the remarkable experiences I wouldn´t have made, if I hadn´t randomly seen that post 2 years ago and decided to apply there.

      However, let´s turn to the graphs and numbers:

      I played 30k hands in 380 Tournaments(PT4 didnt count some) with a 42$ abi, which is imo good when you consider holidays and the live-poker-week. I bought in for 17,500$ and cashed for ~11,500$ leaving me with a net-loss of over 6k$. I did beat it with +6,1 evBB/100 which is less than I expect from myself in the long-run. Overall I´d say I played good and just ran really bad in the lategame/ the important hands.

      Chip-graph:

      Net-graph:

      In whole 2018 I played 385k hands in 3827 Tournaments with a 43$ average buy-in. I know that is low Volume but we already had that discussion and I have no regrets, as studying so much allowed me to move up from a 10$ abi schedule to a very solid midstakes reg within 1 year. Also I was very new to tournament poker in the beginning of the year and had to learn a bunch of things about how to structure a proper grinding session and habits. Therefore I have no doubt the Volume will increase significantly in 2019 even though I will most likely always be on the lowish volume side since it´s simply part of my quality > quantity philosophy.
      Anyways... I won +8,59 evBB/100, and made ~ +40k $ profit by puting ~180k$ on stake and cashing for ~220k$. That definitly puts me in a very good position to make 2019 a very successful year, considering where I was in January 2018 :)
      Chip-graph:
      Net-graph:
      Stats:


      I hope you had a nice Christmas and a happy new year to all of you :)
    • Hey everyone!

      I am currently in a very tough spot and I´d appreciate your views on this:
      So, close your eyes and imagine.......

      Let´s say a company offers you the opportunity to work for them. Not only would you absolutly love what you are doing in that job, but also you like the company, you trust and like the whole management of it and you like the people you are working with --> An amazing Job!
      Now the Problem is that this company is currently in a little Crisis and doesnt earn a lot of money. A fair salery for your work would be 2800-3000€ per month (I made the numbers up, while maintaining the right ratios), but the company wants to go another way:
      Instead of paying you according to the market, which would be very expensive for them meassured on their current incomes, they offer to pay you according to the companies own profits. That means you start with only 1300€ monthly sallery, but if the company develops well, your sallery will do so as well. They even tell you that one day you can earn >10.000€ per month if the company develops accordingly.
      You are not exactly thrilled about working for only 1300€ per month in the beginning, especially since the company was more in a downswing recently and the signs look like it will take a while until the company reaches a size that brings you a lot of money, but since you would love the job (which you wouldnt get anywhere else) and the Deal offers huge future potential, you agree to the Deal.

      In the following months you do a very good job according to the feedback of both - your clients and the company-management. The Company develops much quicker than expected, so you sallery rises as well according to the deal. After 3 months you already earn 2500€ and after another 3 months your sallery went to 5000€ per month.
      One day (after ~6months) the CEOs come to you and tell you: "We have people who would do your job much cheaper. Thus, we no longer want your sallery to be bound to the companies income (-> no more future developments)." Additionally they want to downgrade your sallary to 2200€ per month.
      Insulted by that offer, you start some negotiations and they increase their offer to 3500€ per month.
      FINAL QUESTION: What´s your move??? (Be aware that you wont be able to find a similar job anywhere else)


      I appreciate any external views on this!
      Cheerz guys!

      The post was edited 2 times, last by krustenkaas ().