Originally Posted by Lheticus
Hmm...I get the feeling that there are conditions present in non-micro stakes online play that are impossible for me to account for at this time. In a game of 1c/2 NL, there would be plenty of pots that could be described as a reasonable number of big blinds...but there would also be a few pots that reached a prodigious amount of them--20, 30, or more. The method of play I attempted yesterday was to focus on waiting for the right moment to win one of those, and I won $2 that way in a relatively short time, though I don't know HOW short.
Now, in .50/1 NL, the max stack size a player can bring is $100. The minimum is $40, but I'd hope it's a safe assumption that most people at least bring in somewhere between the 2 values--say, 60-80 at least. With a similar focus on winning significantly large pots by waiting for the right moment, I'm not seeing how winning a mere $5 in 100 hands is the expectation for that level. Now, I realize that taking greater risks with this method opens me up to greater losses, but is it not the function of a properly fleshed out bankroll to be able to withstand such variances?
I can't help but conclude there's something I'm missing here, something that would be obvious if I had actual experience at such stake levels, but I don't, so all I can do is ask the good people of this forum.
What you're missing imo is that poker just isn't that easy at that level. What you describe sounds something like a combination of nitting it up and perhaps also running a massive bluff (but only once in a blue moon).
The frequency of the times these pots develop isn't as high as you probably think, and your frequency of winning them when they DO develop likely isn't as high as you're used to at lower levels either.
Micromachine is 100% right in describing 100nl in a nutshell. Those players aren't going to let you sit around and try to only take stabs at large pots.
But another problem with what you're describing is: how will you even know when large pots develop? Aside from say, 4bet pots preflop, you just won't know whether a pot - especially a single raised pot - is going to be massive by the turn or river. So how do you know whether or not to get involved preflop?
And in any case, I think you might be taking the wrong approach in general. Poker is about finding, creating, and exploiting profitable situations - over and over and over. It's not about sitting there twiddling your thumbs and magically taking down every large pot.
That all being said though, I kind of have to disagree with others saying that 100nl is the first level someone could make $20/hour at. I think that 50nl is the first level someone could, but most players could not. I say this because at 50nl you would would either need a massive winrate or a lot of tables. But it can definitely be done. Let's say your WR is 2bb/100, or $1/100 hands. If you could play 2,000 hands/hour you could make $20/hr. Granted this is insanity for most players. But if you made 4bb/100, you could play just 1,000 hands/hr.
Again, most players couldn't. But I think 50nl is the first level at which it is reasonably achievable. But tbf a player that good, who could multitable that much while still maintaining a strong WR would likely be better off playing 100nl anyway. They might not quite double their hourly, but if they are crushing 50nl that hard they would probably make significantly more by playing the same hands/hour at 100nl.