kalmoa's avatar

kalmoa

3 points

Thanks for the feedback everyone.

SetMineUrAss - What do we have to be concerned about in 2018?

May 23, 2018 | 7:11 p.m.

I used to play at ACR, but stopped after Joey Ingram came out with those cheating/bot scandals. I want to start playing at Ignition, but I am not sure if that can be trusted either.

how can we know if Ignition is a trustworthy site to play on? how would we know if there are BOTS or employees playing on the site who can see the whole cards? I just have become very worried and don't want to deposit my money into an online site that may be scamming me. Here some of my concerns:

  1. Ignition is no longer regulated by anyone. They are no longer Certified by the Kahnawake Gaming Commission
  2. If they aren't regulated, how can we trust them?

May 22, 2018 | 2:45 a.m.

@Qudio - Even though they sent me a W-2G for that tournament win online? Shouldn't I at least report that?

Feb. 27, 2018 | 10:54 p.m.

I'll see what I can do

Feb. 27, 2018 | 5:53 a.m.

Post | kalmoa posted in Chatter: Poker taxes in Nevada for 2017

I've been searching around different forums, but I couldn't find the answer to a few of my questions. Some quick facts: I moved to Nevada in May of 2017 to pursue poker. I didn't play it full time, due to complications my wife was having with her health.

1) I won 2nd place online during a WSOP satelitte, and cashed for $8,670. WSOP sent me a W-2G, and stated to report this income on my federal tax return. Is this going to be a separate file from my wins/losses I would file as a professional gambler?

2) I read multiple places that you can't report losses that exceed your winnings. Is this true even for professional gamblers, because this year was a losing year for me. Well, I was actually profiting online, but losing in live tournaments.

3) Since there is no income tax in Nevada, do I only report my wins / losses for my federal return and not my state return? This is the confusing part.

4) Lastly, I am using turbo tax. I assume I will file under "self-employed", but do I get to report all my wins and losses, or just my wins? What deductions can I use as well?

Thanks everyone.

Feb. 17, 2018 | 8:14 a.m.

8 players left, 5 get paid.

Blinds: $800/$1,600
Ante: $200

UTG ($96,818) - Folds
UTG+1 ($21,824) - Folds
Lojack ($25,272) - Folds
Hijack ($30,541) - Folds
Cut off ($19,455) - Folds
Button ($29,952) - Shoves for 18.72 BB
Small Blind ($52,512) - Folds
Big Blind ($21,226) - Calls

Board: 3-K-A-Q-A

Button: A7
Big Blind: 66

I am the Big Blind in this situation. I called 66 here because I figured it was ahead of most of his range. 22-55, as well as hands like A2,A3,A4,A5,A6. But considering 6 of us had between 12 and 19 BB's, should I have folded? I feel this is a close spot, but I am not a pro with ICM yet.

Thanks!

Nov. 29, 2017 | 8:11 a.m.

Post | kalmoa posted in MTT: DEEP with 16 left - bad call?

The action goes like this:

UTG Folds > UTG+1 Shoves for 10 bb > Folds to me (Cut-off) A-Q off-suit.

My stack is around 15-17 bb. I decided to call, with everyone behind me folding. UTG+1 ends up flipping over QQ, and I don't hit my Ace. This may have been a bit of a loose call on my part, consider there are 3 more people to act behind me, but I figured I was most likely ahead of UTG+1 shoving range, as he was extremely short.

Any thoughts?

Dec. 20, 2016 | 8:45 p.m.

Definitely not a 'standard' hand to jam with. Your flush draws are weak, and the separated 4 makes it tough to make lower straights, so it is pretty much useless, aside from a 5-6-7 board. Even then, 89 beats you. Overall, slightly too aggressive and probably a -EV play in the end.

Nov. 10, 2016 | 8:08 p.m.

I'll check it out. Seems like Janda received a lot of good feedback from it, so I'll definitely give it a go.

As far as live cash vs online, I will probably be doing a bit both. Right now I am in the process of obtaining property there, so first steps first. Thanks for the comment!

Nov. 10, 2016 | 12:34 a.m.

Thanks for the the reply BigFiszh!

I don't think any of what you said was arrogant or rude. I actually appreciate how long of a response you wrote out, as I am looking for as much information / criticism as possible.

I may have portrayed my position in a much softer way than I actually feel. I have spent countless hours studying the game and doing my best to get better. I personally love PLO and MTT / SnG, so I have watched a lot of videos from Phil Galfond, Ben Sulsky, and others. I've ran equities for hours across multiple platforms and even tried HUDs when playing online. To put it shortly, I do have a great passion for the game. I just have never had a true opportunity to make it my own and focus 100% of my attention to it as my profession.

The reason I didn't represent a passionate player from the start was because I wanted to keep my post short and sweet, directly to the point. I specifically wanted advice regarding the best way to go about creating a career in poker. I have studied Bankroll Management, but I wanted some reassurance to move further with this dream of mine.

I currently work in IT, and it is a pretty easy market to get back into (if things didn't work out with poker). My wife will also be working, so it won't be like there will be $0 income even if I am on a losing streak. But again, I don't plan to be on a losing streak, and I am excited to actually get this journey started and reactivate my "Elite" plan at RunItOnce. I used to watch training videos all the time, and try to improve my game in my own way. But I had to stop some months ago because I needed to create a sure thing first before selling my place and taking my equity to Vegas.

Again, I appreciate your comments and time that you put into your responses. The actual meat of a poker career, I think I have down and can handle (Learning hours, swings, patience, variance, etc). It's more of the technicalities that I wasn't 100% about (Best ABI Amount / How to file Taxes / Reserve fund / etc...).

Nov. 10, 2016 | 12:23 a.m.

What is my 'CV'?

Also, what points in my post make you raise your eyebrows, and what can I improve or change that would allow for my plans to become more 'solid' in your opinion?

Nov. 9, 2016 | 4:22 p.m.

I currently work in IT, but want to try and create a career of poker.

I used to play a lot on PokerStars back in the day, and I did OK. I was a recreational player back then, but I have probably been playing on & off for over 10 years. I started taking it more seriously 3-5 years ago, studying my play and reading different forums and subscribing to RunItOnce.

Overall, I am a very patient player, who seems to have good composure and doesn't tilt after a bad beat. I obviously have things to work on in certain spots, regarding Bet Sizing, ICM, etc... But I think I can profit in the long run and have a good shot to make a living out of it with a $40,000+ bankroll.

I just want to make sure I left myself enough behind for the downswings and variance. Some people say 50 buy-ins is good enough, while others may say 200 buy-ins. I may take a more conservative approach and do 200-300 ABI.

Nov. 9, 2016 | 12:48 a.m.

Hi everyone,

I am looking to move to Nevada (near Las Vegas) and start a poker career, but had some questions about my bankroll. I currently have $50,000 in the bank saved up, but here are my questions.

  1. Is WSOP and/or Ignition a good place for Online play?
  2. What stakes should I be playing with a bankroll of $50,000?
  3. Should I typically be sticking to the 200-300 buy-in rule? (example: $50,000 / 300 = $160 tournaments / Cash Game buyins)
  4. How does reporting tax work when winning and losing in poker (live vs online?)
  5. Should I have a 6-month reserve for living expenses? For instance, my mortgage will be $1,200 + food + internet + etc... = $2,000+/Month. Should I take $12,000 of that $50,000 and put it aside for 6-months of living? And then use $38,000 for my roll?

Sorry for all the questions, but I want to look at every aspect before diving into this profession. Thanks!

Nov. 8, 2016 | 6:48 p.m.

Post | kalmoa posted in NLHE: Bovada and Taxes?

Hi everyone,

I wasn't sure where to post this, so I'll take a stab here. I just started to make online poker my full-time job, and I am become rather successful at it. I have a few concerns though, as to how this will work when I report taxes at the end of the year for 2017.

Right now I am tracking all my tournaments and cash games, with what I have lost/won/profit/net/etc... How will this work with taxes, and what do I need to report? I live in the US, so Bovada is really the only site that I can play on (aside from Carbon and a few others).

Any help is appreciated!

Thanks,

James

Feb. 29, 2016 | 4:45 a.m.

Thanks for the comment!

Yeah, I was the shortest stack on the table. If someone was significantly shorter (such as 2bb, 5bb, etc..) I would for sure fold. I figured this was a call, as the blinds were catching up with me soon, and the antes were also hurting a bit.

FYI, I had AQ off-suit. Thanks for running the numbers, appreciate it!

  • James

Feb. 26, 2016 | 1:05 p.m.

Hello all,

This was a $20+$2 MTT, with around 500 players and 1st being around $2k. I got down to the final 7 players, which is when I went out. The player UTG shoved with around 16bb, and I was next to act with around 12bb. I have AQ, and decided to call. He ended up having 88 and he won the flip, but was this a +EV play in the long run?

I figured that if he had something that crushes AQ (QQ, KK, AA, AK), he maybe would have raised small to obtain more chips and not scare away the action. The only hand I was scared of was AK, but I felt it was unlikely. Should have I folded and waited for a better spot?

Thanks,

James

Feb. 26, 2016 | 9:05 a.m.

I don't see a bet here being profitable 4-way to the flop. These low stakes (I play in them as well) are filled with fish who call with almost any flush draw. If they do hit the flush, you will not 'scaring' anyone off the King high flush, or even a 10 high flush. Not to mention this board smells like wraps, sets and two pairs. I'd check, fold here.

May 12, 2014 | 10:47 p.m.

So you would for sure call after a raise + re-raise in front of you? (preflop)

May 11, 2014 | 7:47 a.m.

Yeah I cold call there, which is probably a bad play... I do agree that I should get in the money there with my flopped set and no immediate flush/straight flops. 

May 11, 2014 | 7:46 a.m.

Yeah, thinking about it more, my play is probably bad in the long run. I should fold there, but again, as you stated, it depends how aggressive players are and if you can base your read on that conclusion. Do you think leading out on the flop was fine? 

May 9, 2014 | 6:37 p.m.

I believe I had around $70+, and the other 2 players have around the same. I was the Big Blind. A pot-raise and re-pot before it gets to me, but I call with 6s-6h-5s-5h, followed by the original raiser calling.

Flop comes  K-J-5 (rainbow board)

I am first to act and I lead out for 3-quarter pot. Next player re-pots and the one after him jams all in. I am thinking one has a set of Jacks, at worst a big wrap. I decide to move all-in, and the player behind me calls all-in as well. 

One player has a wrap and the other has top two. Luckily, the board bricked out and I won a $200+ pot.


Any thoughts?



May 9, 2014 | 1:35 a.m.

Comment | kalmoa commented on Pocket Kings 3 Handed

True, makes sense. This would mean though, that I would have to over-bet the flop to make a turn shove viable or 'reasonable'. Also, would you mind teaching me how to input hand history into this site? Is it only possible through a program, or is there a way to recreate hand history, such as me trying to recreate this hand since it was played Live at a casino?

May 7, 2014 | 7:35 p.m.

Comment | kalmoa commented on Pocket Kings 3 Handed

I guess I left a bit of information out. The table was very active, people raising to $10-$20 pre-flop almost every hand. I raised to $16, wasn't surprised to get 2 callers. Why should I have shoved the turn instead of bet a little over half-pot?

May 7, 2014 | 4:46 p.m.

Comment | kalmoa commented on Pocket Kings 3 Handed

Also, if someone could teach me how to post the hand history and the cards (show up graphically) that would be nice, thanks!

May 6, 2014 | 9:09 p.m.

Post | kalmoa posted in NLHE: Pocket Kings 3 Handed

Ok, I tried to recreate my hand using pokerhandreplays, but I cannot copy it into this window.

Just click here to view it: http://www.pokerhandreplays.com/view.php/id/5917721


I think my shove on the river was good because he thought I had AK (he told me this) - This was played at a Live Cash game at a nearby Casino (just FYI)


May 6, 2014 | 7:29 p.m.

@ZenFish - Ahhh, that makes a lot of sense. I have a full time job and play poker a few times a week. I usually tried to dedicate Sunday as my "poker day", but sometimes I can't due to other things. I want to become a professional and am willing to grind out and start small.

The stress I feel from losing is true, and what you are saying is accurate. Instead of worrying about my losses, should I just not look at my roll after a "losing day"? 

When you say "50 BI", are you referring to 50 buy-ins, as in, 50 buy-ins of $20, which would be $1,000 bank roll? Also, typically, what is the best to buy in with at a table? 50 big blinds? 100 big blinds? I tried to stay around 80-100 big blinds, such as buying in with $25 at a .10c/.25c table. Is this ok?

@NoHubris - Yeah, I also want to get better at NLHE, but I wanted to start off with one game at a time. I've been watching a lot of Phil Galfond's PLO videos, and trying to make notes of everything. 

100 buy-ins?!?! So much, haha. I guess that is what makes them pros :)

Thanks for the advice, both of you. I appreciate it.

Jan. 13, 2014 | 9:29 a.m.

Post | kalmoa posted in Chatter: Bankroll Management: Rules?

Hello All,

I am new to this site, but thought I'd post to gain some advice in regards to bankroll management. I always used the Chris Ferguson buy-in 5% rule, but have really bad runs where I lose everything. For example, I will buy in with $400 online, and play .10c/.25c omaha with a buy-in of $20. After less than an hour, I experience the worst bad beats and coolers, and my bankroll is now down to $60. I then steam off the last $60 in a $1/$2 omaha session within 5 minutes.

How do I refrain from taking the bit hits? Should I play at even lower than 5% of my bankroll? At what point should I stop for the day if I am losing? How do you resolve the tilt factor and pursue a cleaner frame of mind while playing?

That should be all for now. Thanks everyone!

Jan. 13, 2014 | 7:10 a.m.

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