Originally Posted by Lee Jones
Finally, a post in HS-PLO where I can offer an expert opinion...
You say your mom is in financial distress. Then it seems like a no-brainer to me: you go and get a job.
Yes, I said a job
. People in the poker community often underrate zero-variance EV; I'm living proof that it's wonderful stuff.
Having a job isn't as cool, or as flexible, or (necessarily) as interesting as playing poker. I'm pretty sure there aren't forums dedicated to people talking about their gigs at Home Depot and Best Buy.
But that's not the point; the point here is to get your life back on track, clear your head, and dig yourself out of a financial hole.
I was about to say "Swallow your pride and go get a job", but that's wrong; there is no reason to be ashamed about taking a work-a-day job, particularly
when it allows you to help support your mom. That's something you'll be proud of for the rest of your life. Far more than winning X BBs at $200 PLO.
I also agree with those suggesting a sabbatical from poker. It got you into a pretty bad place; it's probably a good idea to leave it by the side of the road for a while until you're in a better place.
- Go to community college or some other educational institution. You may discover a new life calling, you may develop marketable skills, you'll challenge your brain. It's just really good for you.
- Like others have said, be sure to exercise. Lots of exercise. Get endorphins flowing. Similarly, eat well, avoid Bad Substances. This is all "Sane Living 101" stuff, but it's most crucial when you're at a local minimum.
In short, expand your world view, removing (or at least minimizing) poker for a substantial while. It will still be there if and when you come back.
I won't wish you good luck - luck is the very last thing involved in what you need to do next. I will wish you a clear head and solid focus.
This is a great post (and a good plan B).
Ill still set school as even better for solution for you, longterm effect is better (starting to work some low paid work you might not like is more short term fix). Think DB is to young and not in a bad enough hole financial speaking that he really need a real job.
If you dont have to work because of going there, and also be able to work part time with poker on the side, school might seem like a much interesting proposition for you compared to best buy or w/e.
Look into Grizlys posts for financial aids etc.
Taking the step of this post is brave and one of the hardest step to get you back on the feet (already admited problem and seeking out help).
If it would help I dont think people would mind you posting a bit updates inside here. HSPLO mods are reasonable.
- Staking seems like it might be best if the stakers gave you at least a tiny split out for real life expenses out of wins. Saw someone post 30/70, I think even giving you just 10-20% of wins out and paying down makeup with the rest would be such huge win for booth parties. Or whatever they can stretch for.
I strongly disagree with those saying hero (if continuing with pokers) should just ditch the stakers. That depends on the terms, even if a deal feels unreasonable atm.
Originally Posted by iggymcfly
FWIW, when you say you're "indebted" 60K to your backers you just mean that you're in makeup, right? Unless there were really specific terms of your deal where you said you wouldn't quit them in makeup under any circumstances even if they dropped you way down, I would say you have no obligation to sit and grind 2/2 for them with a 60K hole, and should be free to look for a new deal. When you're backing someone, you can't turn a 30 BI hole into a 300 BI hole by dropping stakes and expect people to keep playing for you. At the very least, if they want you to play that small, they should give some kind of relief on the makeup until you're playing higher stakes so that you can get some cash in the mean time. If they're not willing to work with you, I'm sure you could find another backer, as you've got a really good track record over a long period of time.
Think we should rather aim to go with dialogue with stakers on a general basis, dont really want to sidetrack this, but if the terms the stake agreed on makes him play those stakes even with that makeup I think ditching them/ looking for new offers without really talking it trough is really bad/weird.
That said a solution where they give DB some of the profit for living expenses is def +EV for booth parties. Want him motivated and playing his best.
Re: coaching, should be really easy to get hold of money. Ideas, can either take merge funds, just take any site and sell them in marketplace (get coache to transfer those directly to seller, I know its hassle and not ideal but its possible, maybe use some volunter from hsplo as middleman if that doesnt work) or maybe even sell it for live cash in Vegas. Can also offer huge discount for BoA or livecash in vegas coaching, esp shortterm before u get other ways of gettign hold of money up and running. Prolly have to pay vig on some of these, sometimes step, but think most will be willing to help out anyone in a situation like yours.
And since poker is what u say u feel master (you obvs do, and Im v impressed with ur thoughtprocess and game) I think continuing teaching is a good way to build self confidence, interact with people, get some kinda schedule/deadlines to work on and earn some cash.
Not sure if jumping into playing is best fix. And can see some good sides of not being allowed playing 10/20 ish with ur state of mind.
Your references is so strong that I guess you can get plenty of work still, just be reasonable on price and compare it to the hourly any real life work will do.
Just dont use that money on poker/gambling, but to help out home, save up for school/vacation/ real life stuff.
Lots of good advice in this thread. Think about babysteps as they posted about earlier, and how that ultimately will get you to endgoals. Actually thinking about some of this as a video/poker game isnt as bad idea (need to coach y hours to reach new level, etc)
Hit me up on skype if you want to talk.