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re: Playing Poker Professionally

Posted on 7/1/15 at 5:46 pm to
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16878 posts
Posted on 7/1/15 at 5:46 pm to
quote:

What are the odds he would be a successful poker professional.


I would guess 3 out of 100 players who go pro make it.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/1/15 at 7:53 pm to
quote:

I did go on a three week bender once in college and banked around $2500.


If you played for 50 weeks out the year that translates to about $41k. And you're having trouble making it on $55k.

I realize the two numbers aren't exactly comparable - the $41k is likely tax-free if you decide to cheat the taxman but it also doesn't include employee benefits of any kind.

I knew a guy once who did this career move and gave up after two years over precisely this. He found that if he was willing to work from 5pm - 3am every night he was clearing about $40k a year. No medical benefits, no 401k match. No social life either since he was working night shift hours.
Posted by SomethingLikeA
Member since Jul 2013
1113 posts
Posted on 7/1/15 at 9:20 pm to
OP,

I don't know if this whole thread is legit or you are just trolling and loving it.

Either way, before you even contemplate going pro..learn from my mistakes.

Have you been keeping a spreadsheet? What's your win rate? Are you tipping drink girls all night? Tipping too big to dealers you like after pots won? Know that when you're playing poker professionally, your medical insurance will increase significantly over an employee sponsored, heavily discounted plan.

Are you playing online right now on the several sites allowed in US? I imagine Harrahs new orleans and coushatta are your only real casinos to go to? If you are not regularly playing 2/5 with me or playing more than a tournament here and there, I would seriously consider building a huge bankroll before.

The fact that you came here to ask this, shows you are not ready at all. IF you "win" most times you go and don't know almost to the penny, your hourly rate and expenses and profit etc, don't even try now.

I played almost 50 hours per week live and another 20-30 online during the week.

Even 2/5 NL is very difficult to play for a living due to minimal game selection your area. It's hard to win enough per hour to really crush the game.

Posted by lsutiger2010
Member since Aug 2008
14790 posts
Posted on 7/1/15 at 9:22 pm to
(no message)
This post was edited on 10/20/21 at 11:39 am
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16878 posts
Posted on 7/1/15 at 9:57 pm to
somethinglikeA,

you are not from louisiana?
This post was edited on 7/1/15 at 9:59 pm
Posted by Bonck1987
Houma, LA
Member since Jan 2015
655 posts
Posted on 7/1/15 at 10:11 pm to
If you've read any of my previous post you know that I'm not intending to troll anything. I understand the chances of making it successful or high but I do know that I've been playing for a while and I know what I'm capable of doing at the table given the opportunity

I've never kept spreadsheets like I said earlier I play maybe 1015 times a year I'm some weekends two nights in a row. But I don't drink on at the table so no I'm not tipping the waitresses a lot of money in my tips on pots are very small even given the big wins.

I have read a few books and I do know a lot about the game such as pot odds and expected value like I've been trying to say in this whole post I have been contemplating it obviously if I decided to make that decision I would research it more before I jump in and take a few test runs
This post was edited on 7/1/15 at 10:14 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/1/15 at 10:27 pm to
quote:

I've never kept spreadsheets like I said earlier I play maybe 1015 times a year I'm some weekends two nights in a row.


quote:

I have read a few books and I do know a lot about the game such as pot odds and expected value


Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71439 posts
Posted on 7/1/15 at 10:30 pm to
quote:

Right now I'm making around 55k a year but with bills and the cost of living I'm barely making it by


Jesus.

I only make 50 a year right now, and I'm maxing out my Roth and investing for a house while still being able to do shite on the weekends. Slow your roll.
Posted by lighter345
Member since Jan 2009
11865 posts
Posted on 7/1/15 at 10:36 pm to
I honestly think your intentions are good and I've never said anything this harsh on here before, but forget this man. You come off as a joke and it's sad you don't realize it. Put your claimed strong drive and abilities towards your current career and make more money that way.

Play pokr with your friends or on vacation.

Marry someone you like have kids and enjoy life.

Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 7/1/15 at 11:44 pm to
Ouch
Posted by dagrippa
Saigon
Member since Nov 2004
11297 posts
Posted on 7/2/15 at 9:15 am to
Longtime, this thread is begging for your comments.
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33794 posts
Posted on 7/2/15 at 12:39 pm to
I don't think it's primarily skill that separates the average professional from the top one-percenters. The math is the math. Anyone can learn it. You aren't going to succeed at this because you know more than anyone else because there are a lot of poker career losers that know more than you do.

Persistence is far more important. I've read many many stories on professional players, and nearly all of them have gone broke at some point in their careers. Is that something you're prepared for?

As much as I like poker, I'm like frick that. There are not many worse feelings than being completely out of money and depending on the kindness of others to pull you through. I don't know about you but I hate depending on others to sustain myself. That's something you need to think about. How much crap are you willing to go through to maybe one day succeed at this?

Rather than reading books on poker theory maybe you need to do a quick google search and see what a lo t of the top guys from 10 years ago are doing right now. Guys like Erick Lindgren who were near the top of their game are broke and in debt. And he was a FTP pro and everything.
This post was edited on 7/2/15 at 1:08 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42512 posts
Posted on 7/2/15 at 12:50 pm to
quote:

What are the odds he would be a successful poker professional.


Far less than 1%
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42512 posts
Posted on 7/2/15 at 12:51 pm to
quote:

pot odds and expected value


You know just as much as 2NL players online. Congrats
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16878 posts
Posted on 7/2/15 at 1:35 pm to
quote:

Erick Lindgren who were near the top of their game are broke and in debt. And he was a FTP pro and everything.


Lindgren was gambling way above his head. We are talking sports, fantasy sports, pit. He was getting 200k check monthly from FT back in the days. Those days are long gone. He file bankruptcy for the 2nd time recently. Hope he gets his life together.

quote:

you need to do a quick google search and see what a lo t of the top guys from 10 years ago are doing right now


I would suggest against that. The top guys like Galfond, Cates, Sulsy are not playing full ring game low limit NL. Most of the time they are playing 6max, heads up, or mixed games with stats display of their opponents. These things are not applicable at live full ring games.

I suggest watching youtube channels giving strategies on low limit NL games. A lot of consistent winners(mostly unheard of) have good coaching videos that you can learn.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42512 posts
Posted on 7/2/15 at 1:41 pm to
A lot of top former pros = hardcore degens. Lindgren is one of them. That's another deterrent from becoming a poker pro--the lifestyle is rough. Especially if you play live. You'll be surrounded by unscrupulous degens
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33794 posts
Posted on 7/2/15 at 1:52 pm to
quote:

I would suggest against that. The top guys like Galfond, Cates, Sulsy are not playing full ring game low limit NL. Most of the time they are playing 6max, heads up, or mixed games with stats display of their opponents. These things are not applicable at live full ring games


Well no, I wasn't talking about strategy. I meant he needs to read stories on how guys that were on top of the world in the past have fallen on hard times. Even a lot of the very best pros of the past aren't doing well right now.

It takes a person with a unique set of character traits to succeed in poker. A lot of players (like Lindgren) that have some of those traits often have other traits that contribute to their demise, like compulsive gambling. Just because someone can play the game well doesn't mean they're suited to make it a career.
This post was edited on 7/2/15 at 1:59 pm
Posted by Bonck1987
Houma, LA
Member since Jan 2015
655 posts
Posted on 7/2/15 at 2:15 pm to
I think Pete understands what I hope to accomplish. Start of on the 1/3 NL at Harrahs, build a bankroll. Move to 2/5 after I get like 40-50k maybe. Then build it some more, and maybe stay there for a while and then head to 5/10 wayyyy down the road. NL is my game. I'm not interested in anything else.
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43456 posts
Posted on 7/2/15 at 3:18 pm to
quote:

I think Pete understands what I hope to accomplish. Start of on the 1/3 NL at Harrahs, build a bankroll. Move to 2/5 after I get like 40-50k maybe. Then build it some more, and maybe stay there for a while and then head to 5/10 wayyyy down the road.


sounds fool proof!
Posted by SomethingLikeA
Member since Jul 2013
1113 posts
Posted on 7/3/15 at 12:35 pm to
Without touching your 401k, what is your poker bankroll?

Harrahs 1/3NL plays way bigger than online 1/2 and 2/4NL. If you are buying in for 100bigs $300,unless brand new game, you're at a severe disadvantage and will be short stacked.

I have a feeling you are also underrolled. 97% of the players in that room arent pros and arent rolled either, but to make a sustainable run you would need at least 30 to 40 buyins. I would lean closer to 40/50buy ins since you do not have the volume of play.


40 or 50 BIs of $400/$500
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