Hi there, I have decided to take the plunge and join the crowd of people making threads and the such saying they are going pro. Now, I will explain my plan, where I think that I need help/opinions. I will proceed to ramble on for a little while. I blame it on being thorough. I will implore you to withhold the obligatory TL;DR, as I already know this.
The Basics:
I am from outside of Detroit, not far from Ann Arbor actually. I’m 23 years old and have been playing poker since 2003. At the current time I am a “student.” I have taken this semester, and the one before, off. I have spent most of my time from September to the present, playing poker from Hammond to Atlantic City. I play mostly limit HE, but can play almost any game. At the current time, these are the highest games I will, or have, sat in (in order of preference/win rate):
20/40 LHE
2/5 NL
10/20 2-7 TD
10/20 Mix (only played 7.5/15 but would sit 10/20)
MTT’s up to $350 (I sell action to a personal friend as I cannot sustain playing in those)
1/2 PLO
The Backround:
I used to have a decent sized roll online, about $8000 at its peak, grinding up from about $400. However, when FTP went kaput, I lost about 2/3 of that. At that point I took about 6 weeks off poker and focused on a job that paid quite well. I moved off of playing poker and moved on to thinking about the future. Well, the future bashed me in the nose. I lost my job, and am unable to find anything that is anywhere near what I was making, so I went back to live poker, which I had played a lot of pre BF.
The Reasoning:
I’m not looking to sit here and say that I am taking my shot because I have no other options, as I have a few at this time. I have always thought about making a move and going for it, but with the whole BF thing, that never materialized. I started playing about 60 hours a week in August, and just never needed to look for another job, so I have kept at it. Now, one might ask, why not just do what you are doing, make your monies, and stop typing? My answer is as follows: I am not looking to be a 200 NL pro. I cannot continue to play as many hours as I do, and not progress. I have the time, the mobility, and the drive, why not try to advance. Another reason is that I have wanted to do this for years. I have never been able to do so because there were always options much greater than poker waiting for me. Due to some poor choices and situations out of my control, many of those disappeared. Granted, poker is probably not the best choice as of right now, but within 5 months, or sooner, I will know whether it is a viable option. More on this late, as it is a major component of my plan. I don’t want to degrade the people that sit there at a desk all day and make a solid living, because that is great. However, at this time, I don’t want to do that, at least not yet.
Master Plan:
If I go on and do this, which is pretty much a forgone conclusion, I need to be absolutely sure that I go all out. I can’t say that I am willing to leverage my future on it, but I am leveraging enough that it will hurt me if I fail. More on that later.
I want this to be a 1 (maybe a 1.5x) shot. I want to take the next 5 months proving to myself (and probably others, though they are not my main focus) that I can do this, and I can make a good enough living doing it. If I fail, or realize that I do not want or cannot make a good living at poker, I can move on. Otherwise, I am afraid; I will never be able to let go.
I am not going to sit here and lie to you. I am basically saying, hey, here is my one shot. If I succeed, I need to determine if this is sustainable at a level that I am comfortable with. If I succeed and determine it is not sustainable, then I am okay with that, as I still took my shot, found success, and found out that it isn’t for me. If I fail, I will come to the conclusion that playing poker is not for me, and move on with my life without the regret and anger that comes with it for not trying. At that point, I would have to seriously have to evaluate whether or not I would continue to play poker. I guess what I am stumbling around is as simple as this:
Fail and you’re done.
Succeed, but not enough; there’s leeway to still playing.
Succeed and continue playing.
I am not looking for anything other than those three options. Option two doesn’t even seem to be viable, as all or nothing seems to be where I am at at this point in my life, but that may be able to change in the next 5 months, we will see.
So, now that we have gotten the mental aspect of future life plans out of the way lets move on to the current and near future monetary aspect.
As of time of writing (January 21st, 2012) my bankroll is sitting at $7500. I have about $3000 set aside in a rainy day fund (includes tax return money already). I have about $1000 in a checking account that I use for expenses. I will be taking a spread limit amount out of my poker bankroll to replenish this checking account. Now, here is where I win where others have lost. I have done/accomplished the following things:
I own my car outright (2007 Toyota Corolla S).
I have my car insurance paid on it until July 1.
I have my rent paid in full until June 1.
I am still able to be covered on my parents medical insurance due to some grey area or something. Of that, I am not sure, but I have been assured that I am okay.
I have taken my 3 largest expenses, and paid them off for a substantial amount of time. I did this, to the bewilderment of some people, so that I can not only focus on poker and not whether or not I paid my bills, but to make sure that I don’t sit at the table every day (if I am losing) and think about what I can and cannot pay for if I lose this money (or even worse, how much I have to win in order to pay debts).
So, now that we have gotten the mental aspect of future life plans out of the way and the current and near future monetary aspect, why not move on to the poker venue aspect.
I have a mild crush on the Borgata. I have been to Atlantic City twice (September and November) and have loved both trips. I lost the first one, but absolutely crushed the second. I would love to be able to play here more often, but I live 11+ hours away, so 3-7 day trips are all I can really do for the time being. So, in order to play something other than 200 or 500 NL, I have to travel. Surely, I could sit here in Detroit and play 2/5 at Motor City every day; that is not a problem. I enjoy, and win more, at LHE than NL. In Detroit, there is no purely LHE game about 3/6. There is a 15/30 and 20/40 mix game though. However, it is Omaha High and LHE. Every time I play in the game, I cringe when I see 4-7 way capped pots. It plays like bingo to me and irks me half to death, so I choose not to play, though the LHE portion of the game is juicy. So, in order to play the limits I want to play, I must travel. Thankfully, there are many casinos not far from me. Here are the casinos that I have, or want to play at, and what games I will, or have (in bold) played in.
Soaring Eagle Casino, Mt. Pleasant, MI (2.25 Hours, NNW):
$1/$2 $400 max NLHE, $2/$5 NLHE $1000 max
Firekeepers, Battle Creek, MI (1.5 Hours, W): $1/$3 NLHE, $1/$2 PLO
Horseshoe Hammond, Hammond, IN (4 Hours, WSW):
$1/$3 NLHE, $20/$40 LHE, $1/$2 PLO
Rivers Casino, Pittsburgh, PA (5.5 Hours, ESE):
$5/10 LO8
Parx, Bensalem, PA (10 Hours, ESE): $6/$12 OE, $15/$30 LHE
Atlantic City Casinos (11+ Hours, ESE):
Ballys:
$1/$1 NLHE, $2/$5 NLHE (wouldn’t play here again)
Borgata:
$10/$20 LHE, $1/$2 PLO, $20/$40 LHE, $1/$2 NLHE, $2/$5 NLHE
Harrahs:
$7.5/$15 OE, $1/$2 NLHE, $2/$5 NLHE
So, over the next 5 months, here are my travel plans as they stand now:
February 21/22-February 24/25: Horseshoe Hammond (Magnusson on Camulet). Beginning of CPC. I plan on playing Event 1A. I wanted to play Event 4, but I have comped rooms in AC and it would be more for fun than anything else. If I thought I was 0 EV, I would probably play it, but I am sure that I am –EV, so why waste the $555.
February 26-March 2/3: Philadelphia/Atlantic City (Mostly comped at Caesars) PARX WPT Regional/Caesars AC WSOP. I am probably not going to play the PARX series as they are all re-entry with relatively poor structures. I am, however, more than happy to go there for cash games. If I come back early, and am up for it, I might try to hitch a ride (or just drive myself) down to Hammond to play Event 9 of the CPC ($350 6 Max) and Event 10 ($240 NLHE). I would probably play the turbo as well, as I bubbled the **** out of that tournament last year.
March 7/8-March 11/12: Atlantic City (No room plans as of yet) WSOPC at Caesars AC. If I can get there in time, I will be playing Event 6 of the WSOPC ( $345 6 max). If not, I will be playing Event 8, the LO8. If I can sell 50-75% of my action, I will try to play the ME, but would not be against playing Event 9 ($1k). Depending on how things are going, I might change my mind. I’ll update the plans, of course.
May 29?-June 12?: Las Vegas, Nevada (Rio, mostly comped) I guess one could equate this to being the final boss in a video game. Surely, my mind could have been made up before this trip as to me taking the next step of being a poker pro (moving most likely, though that’s big), but I think not. Granted, the same could be true in the opposite fashion. I may have lost my $7500 and not be playing anymore, or have significantly less that and not be able to afford to come to Vegas (at which point I would announce my retirement).
I am sure that there will be other trips planned, as much of my money will most likely be made in a state other than Michigan. I really don’t mind playing $200 NL while I am here, as long as I am regularly playing LHE elsewhere.
I will be attending the BPO in the Spring Open, whenever that is in April or so.
The Goals:
Probably the most important of all!
So, first, some ground rules. I am going to hamper myself a little bit and say that I will not play higher than $20/$40 LHE, $10/$20 Mix, $500 NL (mostly $200 NL $300 max), and $200 PLO until at least June. It isn’t that I am not interested in moving up in stakes, as I am very interested in that, but, that is not the point. I am more looking to be sustainable, and if the game is sustainable at that level. I am sure that I can’t win Benba Bucks, but at least something that will let me lead a comfortable life along with the opportunity to move up. I like playing heavily rolled for the game of choice (sans $500 NL). I made mention of playing some $500’s or $1k’s, but the most of my money I am risking is probably $300/tournament. It is still a large percentage of the roll, relative to tournaments, but I don’t care, I am not going to be playing too many of them for it to hugely impact me. When I go 0/10, watch for a ninja edit.
Here are most of the goals that I want to achieve:
Find out if poker can sustain the lifestyle I have become accustomed to without revolutionizing everything I have worked hard to build in terms of mental, physical, and financial health.
Travel to different places. Now, this one is hard for me. When I have gone to AC, I have played more than I have slept. Same thing holds true for my two trips to Hammond. This means that I need to gtfo of the casino every once in a while. For AC, I’ll wait until beach season, but I’m sure you understand. As for Hammond, I’ve seen it all, as my family is from Gary (30 years ago when Broadway wasn’t burnt out). However, how much fun could a day trip to Chicago yield? One of the reasons I am looking to do this is the freedom it gives me. That leads me to my next point.
Be spontaneous. I have found that I like to take random 2 day golf trips up north on about 2-24 hours notice. They are always fun. Who says I have to be spontaneous in Michigan alone?
Enjoy thyself. Now, this is still work, so there has to be a certain mentality behind going to play poker. However, I would hate to have poker turn into something like a desk job that I drag myself to every day because my goldfish loves gold plated flakes instead of the platinum ones.
Profit. Well, that’s easy. Here’s the formula: Wins-Losses-Expenses= Positive Number!
The Leeway:
I have given myself one out here. I have stated, repeatedly, that if I do not win (minimal losses, of course), or am unsure about its sustainability, and feel more research is needed; I will schedule another Vegas trip for right around the Main Event. Granted, if I succeed in my plan, then I am probably going to go back anyway (or never come home).
Updates:
I will update this on a regular basis as to where I am at or how I am doing and feeling, as well as answering any questions that one might have. I have made a twitter. Here is the link:
Twitter
Things I Want/Need:
I would love to say that I don’t need anything, but that would be a lie. I would love encouragement, your own thoughts, and perceptions on my thoughts, feelings, and statements. Basically anything you want to say, please do, as I am pretty thick skinned. Unless you call me 4 eyes, I think that we are going to be okay. Also, if you happen not be using a weekend comp in AC while I am there, wink wink nudge nudge. I am more than willing, in fact, happy to meet people from 2+2. I would have no problem meeting for drinks or playing together or whatever. I am a pretty social person so just ask or mention something. O yes, things I want: Hole in the wall local places to eat in AC.
I will add in a small bit later about what future outlooks/options I have past the WSOP if this does come to fruition.
So, I have made a twitter. Here is the link:
Twitter
If I am able to, I may be able to link a calendar of where I am going, and where that is going, as I am just using Windows Calendar to keep track of the events I am interested, as well as travel plans.
Thank you to those that actually read all of this, it went 4+ pages in Word.
Last edited by IDKMyBFFJill; 01-21-2012 at 03:15 PM.
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