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Started By
Message
re: Playing Poker Professionally
Posted on 6/30/15 at 8:26 pm to dj30
Posted on 6/30/15 at 8:26 pm to dj30
quote:
Do not do this. Even a 1/3 PLO game plays huge. You need a big bankroll to even consider doing this.
1/3 PLO is similiar to 2/5 NL. He already said he's not into PLO so no big deal. I just think seeing holdem players at a PLO table is a good thing.
1
Posted on 6/30/15 at 8:27 pm to PeteRose
Yeah I've never been into pit games actually, can't stand them. I've only played blackjack and roulette a handful of times. I've also play a few small tourneys and one WSOP circuit event at harrahs. I did alright in them, but cash games are definitely my strong suit.
I'm pretty disciplined and a man of routine, so I don't think I would have an issue coming up with a gameplan.
I'm pretty disciplined and a man of routine, so I don't think I would have an issue coming up with a gameplan.
Posted on 6/30/15 at 8:58 pm to Bonck1987
Do you want to be a cash game pro or a tournament pro? They require different styles of play and skills to be successful at either, and very few are successful at both.
Posted on 6/30/15 at 9:48 pm to Poodlebrain
I'd rather be a cash game pro, I've played a few tourneys but they are not for me. My playing style is better suited for cash games
Posted on 7/1/15 at 7:44 am to Bonck1987
quote:
I just turned 28 and I've got about 21k in my 401k and about 3k in savings. I figure if I cash out the 401k it should leave me with around 15k to start with. I could use 10k of it to start playing and the other 5k to use to pay my bills while I build my bankroll higher.
Whatever you do, don't do this. Terrible terrible idea.
Posted on 7/1/15 at 7:49 am to Vandyrone
Yeah I know it wouldn't be the brightest. Maybe I can get someone to stake me 10k. Fidelity's website says 47% of 20-29 years olds cash out there 401k. Usually getting around 13.5k on average.
Posted on 7/1/15 at 7:54 am to PeteRose
quote:
1/3 PLO is similiar to 2/5 NL. He already said he's not into PLO so no big deal. I just think seeing holdem players at a PLO table is a good thing.
It probably would if it was a straight 1/3. Ive never played in a game that didnt have a mandatory straddle though. The money being passed around in this game didnt compare to 2/5 imo.
Posted on 7/1/15 at 8:08 am to Bonck1987
quote:
Fidelity's website says 47% of 20-29 years olds cash out there 401k. Usually getting around 13.5k on average.
That means at least 47% of 20-29 year olds are complete idiots
Posted on 7/1/15 at 8:12 am to Croacka
Well yeah, but that's what your 20's are for. To take chances, make mistakes, and learn from them.
Posted on 7/1/15 at 8:19 am to Bonck1987
Don't let us "straight n narrows" talk you out of your dream breh
Posted on 7/1/15 at 8:29 am to Bonck1987
quote:
Well yeah, but that's what your 20's are for. To take chances, make mistakes, and learn from them.
Ooor, you can use your 20s to set your life up to be stress free and be successful later in life.
Posted on 7/1/15 at 8:33 am to Bonck1987
quote:
Bonck1987
quote:
I just haven't had the bankroll to start it. Right now I'm making around 55k a year but with bills and the cost of living I'm barely making it by.
This is pathetic.
Perhaps you have some financial hardship I'm not aware of, but it sounds like you're in desperate, immediate need of basic financial literacy and financial planning courses. You have a spending and/or self control problem that probably tie into and feed off of one another.
Isn't one of the basic tenants of poker discipline? Think about it...You're talking about cashing your life savings out before the age of 30 to try your hand-literally-as a professional gambler. Because you have no ability to save money. How much discipline are you showing talking about cashing that out and taking a 30% hit on taxes to boot?
Posted on 7/1/15 at 8:42 am to GFunk
quote:
Perhaps you have some financial hardship I'm not aware of
Actually, it sounds to me more like he just hates his day job and would rather play poker. I suggest that the OP look into some other line of work maybe - as they say, poker is a really tough way to make an easy living.
I play well enough to show positive results over the long run but am very aware there's a huge difference between that and grinding it out for a living. It's one thing to win on the weekends against others who mostly play on the weekends.
quote:
Isn't one of the basic tenants
tenets
A tenant is someone who lives in your rental property.
Posted on 7/1/15 at 8:44 am to Bonck1987
A friend and ex roommate plays pro, yet he still has other income.
If you are good, you can go play anyvtable at a regular casino or local games and clean up.
You are trolling with this thread. Please stop. Turning pro means you are ready. You arent. Win something first.
If you are good, you can go play anyvtable at a regular casino or local games and clean up.
You are trolling with this thread. Please stop. Turning pro means you are ready. You arent. Win something first.
Posted on 7/1/15 at 8:52 am to Bonck1987
quote:
Right now I'm making around 55k a year but with bills and the cost of living I'm barely making it by.
I'm just having a hard time understanding this. What are you paying in rent or mortgage per month? Do you have a car note or student loans? Any other debt?
Posted on 7/1/15 at 8:54 am to Croacka
quote:
55k and you struggle to get by?
Yeah, that's the thing that jumped out at me.
Probably drives a leased luxury vehicle, lives in the newest, nicest apartment complex in town, and dines out at nice restaurant 5 nights a week.
As for the poker question, I know a professional poker player. His life sucks, he's gotten to where he hates poker, and the only money he really makes is on his investments he invested in with a huge tourney win. I don't think it's as glamorous or as fun as you think it is. I also think your plan to bank roll yourself is terrible.
Posted on 7/1/15 at 9:00 am to GeeOH
I don't think I have any financial hardships. I just have student loans, a car note, bills, and rent that's almost $800 a month. Expenses that add up over the course of a month.
I am definitely not trolling with this thread. This is a serious question that I wanted some honest advice on. I know that it might not be easy to make a living off of a "pipe dream" like this, but I believe I am a strong enough player to do it.
ETA: Also I never eat out, and pack my lunch everyday. I've actually become more frugal with my spending over the last couple of years. My car note is probably higher than what I can afford, but its a car I've always wanted.
I am definitely not trolling with this thread. This is a serious question that I wanted some honest advice on. I know that it might not be easy to make a living off of a "pipe dream" like this, but I believe I am a strong enough player to do it.
ETA: Also I never eat out, and pack my lunch everyday. I've actually become more frugal with my spending over the last couple of years. My car note is probably higher than what I can afford, but its a car I've always wanted.
This post was edited on 7/1/15 at 9:04 am
Posted on 7/1/15 at 9:11 am to Bonck1987
quote:
My car note is probably higher than what I can afford, but its a car I've always wanted.
I'll never understand this but I know so many people do it. I'm just gonna say that if you can't survive on 55k right now, you cannot become a poker player for a living. You'd need to drastically decrease your cost of living to make that dream a reality.
Posted on 7/1/15 at 9:32 am to SouthOfSouth
Yeah it was a tough decision to get it, but when my last car's AC compressor went out it wasn't worth the money to fix it. I had just gotten a promotion and I saw a note that I thought I could swing, while having a car I really wanted.
As far as reducing my cost of living, trust me I am actively working on that. Its just hard to save and try to pay off debts while living alone. 1BR apartments in Houma are not cheap.
As far as reducing my cost of living, trust me I am actively working on that. Its just hard to save and try to pay off debts while living alone. 1BR apartments in Houma are not cheap.
This post was edited on 7/1/15 at 9:33 am
Posted on 7/1/15 at 9:37 am to Bonck1987
Try rounding on the weekends first. Don't quit your job, find one you like better. Don't pull out your savings, save some money to start a small bankroll for the weekends. I know a few people that play professionally and it is tough. You have to be able to absorb loses even when you do everything right.
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