Quote:
Originally Posted by WereBeer
At the risk of derailing, what is your stamping ground for playing poker, if you don't mind me asking? I mean in terms of game type & level, is it all live or some live/some online etc.?
I played nearly exclusively online between 2002-2011. Since 2011, I've been playing live exclusively. Mixed limit games, mostly.
Quote:
Originally Posted by bigfishead
The point of his statement is not that it should happen. It's that it's often the result for various reasons. Tilt, spewing at the dice tables, too much hookers and blow, buying cars a poker bankroll can't really afford, etc. It actually has nothing to do with era. It happens almost daily in the poker world today. The reasons vary. But it's a sad reality for many. And yes, this many is mostly young pros that just made too much too fast, resulting in a lack of respect for the money too.
No one knew jack about variance and risk of ruin back then because it takes a very long time (in hours) for live play to converge. As for hookers, blow and blowing money on Bentleys, that has never changed, never will, and always has to do with being a poor player. My opinion is it does not matter how you go broke if you are broke because money management (not bankroll management) is the absolute 1st and most essential element to doing it for a living (which obv encompasses lifestyle choices).
The info is readily available to everyone; there is no reason for a competent player to go broke unless it's because he's getting blinded out by living expenses, and in that case, he should have gotten a job before that happened because the game passed him by or some other reason for not winning any longer.