What actions do you take to get out of the micro limits?
what for?
75% of fish plays micro limits
24% of fish plays medium limits
1% of fish plays on top
There is a lot of truth to this, and at the same time rake does not really decline, until you get into high stakes, which can be kind of problematic. Lets assume for instance, that we are playing 2,2$ MTTs, and we are able to beat these games for 30% ROI. However we pay 10% rake, so in reality we are beating them for a 40% ROI. The poker site keep 25% of our net winnings, which is not so bad, since obviously we can not expect to play for free.
Lets say then, that if we move up to 11$ MTTs, our edge on the field is cut in half. Now we beat the games for a 20% ROI, but we only get to keep 10%, so the poker site now takes half of our net winnings. That not quite so great, and it also mean, our winnings per tournament only increased from 60c to 1$, But we are experiencing way larger swings, so we need a much bigger bankroll.
Lets say we move to 55$ MTTs then, and once again our edge on the field is cut in half, so that we only beat these games for a 10% ROI. Now we are not even winning, because the poker site keeps 100% of our net winnings as rake.
So for this hypothetical player, even though he is good enough to still beat the fields in 55$ tournaments, its clearly not the optimal level for him to play from a monetary standpoint. And maybe 11$ is not even optimal either. From a pure monetary standpoint he might be better off increasing his ability to multi table and play more 2,2-5,5$ tournaments for a steady source of low risk / low variance income.
Of course the other solution is to become better, so that maybe he can beat the 55$ MTT for a 20% ROI and once again get to keep half his net winnings. But this requires a lot of work away from the tables, and realistically not everyone can do it.
since obviously we can not expect to play for free.
It's a really terrible thinking!
First of all SharkScope can tell you that about 30% of players with highest winnings have paid more rake than the total they've won. Rest are close, and only very few have paid less than 40% of what they've won.
In second and more important - WHAT THE HELL ARE YOU TALKING ABOUT?
Are you serious???
Can't we just pay 15$ a month subscription or 1$ per day instead of paying such a huge rake?
What is the difference for PC server when it hosts 1) 1000 player freeroll 2) 1000 player 2.2buyin MTT 3) 1000player 55buyin MTT?? In all 3 cases servers will consume like 2 kilowatts of energy and same number of traffic. Why do you believe that since you're paying less rake in %, but you're paying more in actual numbers - it makes your choice smarter or better? Both choices are dumb. Poker as a game parasites the society cause it creates nothing useful, and inside this game there are different levels of parasites, like casinos, pros, grinders, and so on - and they all trying to look legit, smart, like a real gentleman, LOL while playing online game which is registered at offshore jurisdiction, believing that everything is truth and for real, while they can't see the code of the program, and falsely believing that they're playing with humans and see cards. All that online poker players can see is just pixels at their screen feeded to them by someone who extracts money from their pockets and uses their lifetime. If you can calculate odds and outs - then how about calculating 100 year life? 24*365*100 = 876K hours, 30% for sleep, 1% for toothbrush and so on, AND some time has passed already, AND will you live to 100? You're paying rake every second, and you still believe that observing pixels that represent 52 cards at the screen is a good time spending?:thumpdown
In addition to continuous learning at microlimits, you need iron patience. To reduce variance due to the number of participants, you need to additionally play another discipline.
What actions do you take to get out of the micro limits?
The reason I ask is that many many micro stakes players start playing the game thinking they'll be WSOP champion next year. When in reality, moving up stakes is a long slow grind.
Say you start out with $50 and you play 1 $1 tournament a day, every day for a year with an average ROI of 30% (which most players don't have). That means you will have a bank roll of around $150-$160, but you will also have averaged 5-6 hours of poker EVERY DAY for a year. Of course, that is before you take into account the time needed to study and improve your game, which should be at least a couple of hours a day on top of your playing time. Do you have that kind of time and commitment?
This is an exaggeration though. An MTT only last 5-6 hours, if you run deep, usually all the way to the final table. The average time spend is probably more like 2 hours and less, if its a turbo, or you register late. Moreover anyone serious about online poker will of course multitable, so typically a session will be like 5-10 MTTs rather than just one.
There is also noone, who say, you have to start with as little as 50$. If the intention is to play MTTs, then a more reasonable starting bankroll is 500$, and playing with anything less is pretty much only for practice.
what for?
75% of fish plays micro limits
24% of fish plays medium limits
1% of fish plays on top
You have to fight harder for the money at higher limits, it means more time, more hands, much more often to fold, and have VPiP under 10%.
While at micro limits... it's normal occasion when someone goes all-in with overcards like AK when you flopped a set of deuces.
Lets say you have a small boat, and a fishing rod, a net and a harpoon. You can catch a lot of small fish with a net, or search for a big tuna using expensive bait and fishing rod or another choice is to fight sharks and whales with a harpoon. Can your boat and fishing road handle a big strong tuna? Can it handle a big shark or tribe of whales? What if you'll be biting dust each day instead of eating tuna or shark meat? Isn't it better to catch a 1000kg of different small fish instead of catching one single 1000kg shark? It's the same 1000kg of fish meat, but you spend less resources to get it. Jumping from 1K to 5K at NL10-20 tables and jumping from 1K to 5K at NL100-200 tables are two different stories, sometimes you do that at high limits only because of the rakeback.
If your question was about how to win big, then the best option to win big is to play big guaranteed tournaments and start with satellites. Win Sunday Storm ticket using 5 coins... win 2.2 ticket to the bounty at 20cent satellite. Win Sunday Million ticket starting with sub-satellite.
Some maths for example:
It might take months or a year or even more to get to the final table in daily $2.2 or 3.3 bounty starting from satellite. But at the end it will be a pure profit, since you've spent 50cents per day on qualifiers, and total per year was $180 for 365x2 = 730 attempts. If you will not win the 1st or second place once in 730 attempts starting from cheapest qualifer with no rebuys, then you'd better quit playing poker or take a break and read all possible articles about it.
You're right on the timings; 5-6 hours is more like if you get to the final table, but if you're averaging 2 hours, you're probably not cashing too often and certainly not going deep, so you have zero chance of a 30% ROI.
I don't agree that no one starts with as little as $50. I have a few friends that I would class as "semi-pro's" that built their bankrolls from nothing and now earn at least $20,000 a year from poker. Or Jonathan Little - he started with $50 and has won millions, including 2 WPT's.
The issue with MTTs is, the selection is not that big, and if you are only bankrolled for like 50c event, it might indeed take a year or more to reach the first 500$. And what is really the purpose of that, if you are good enough to beat even just slightly bigger games like 2-3$ MTTs?
Its a little different, if you play cash games, because then you can just sit down and grind 2NL, and get a lot of volume in a short amount of time. Another option are the SnG MTTs on PokerStars, but realistically these are more for practice than actually building a bankroll.
There are faster ways to earn 500$ than playing the low end of the micros, and what I am saying is just, that if you have ambitions in poker, then why hold yourself back because of some artificial and self-imposed bankroll constraint.
I totally agree, that's why I asked the OP what he poker experience is like. Lot's of people think they can deposit $50 online and run it up to thousands in a few weeks. It doesn't take long for reality to sink in. That's why the vast majority of the threads you mention are a flurry of activity and excitement to begin with and then after a few weeks it all goes quiet because the challenger has lost his bank roll or even made a small profit, but they're still disappointed because they were hoping to be playing in Monte Carlo by now!