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Taking out a loan to play poker Taking out a loan to play poker

04-02-2017 , 05:50 PM
Quote:
Originally Posted by Bene Gesserit
Any chance this is an April Fools OP? I actually hope so.
He would need to have prepared for this for a long time.
Taking out a loan to play poker Quote
04-03-2017 , 11:58 AM
I have a question!
If your a pro player do hotel rooms count as deductibles? I was just curious.


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Taking out a loan to play poker Quote
04-03-2017 , 12:15 PM
1. Spend $50 on a training site to learn the basics of NLHE (this includes bankroll management)

2. Deposit $125 online

3. Play 5NL

In one month you will be an infinitely better player, and you will look back on how you thought about poker and finances and laugh at yourself

Online poker is excellent for learning to deal with variance. You get bad beats so much more frequently that you get used to them, so when you transition to live, they're not as devastating
Taking out a loan to play poker Quote
04-03-2017 , 01:06 PM
Quote:
Originally Posted by Birkin
1. Spend $50 on a training site to learn the basics of NLHE (this includes bankroll management)

2. Deposit $125 online

3. Play 5NL

In one month you will be an infinitely better player, and you will look back on how you thought about poker and finances and laugh at yourself

Online poker is excellent for learning to deal with variance. You get bad beats so much more frequently that you get used to them, so when you transition to live, they're not as devastating
I'm already a winning player at nl10z over a 50k sample size.

I'm used to variance I just don't have the roll to support it live, which is why I want a poker bankroll, i don't mind grinding out 10 hours a day 7 days a week live I found it quite fun tbh

The bad beats weren't devastating at all when my roll was 1.5k I just accepted it as poker and moved on didn't think twice about it, and I didn't tilt. When my roll started getting down to $500 I definitely tilted when I got hit with a bad beat
Taking out a loan to play poker Quote
04-03-2017 , 01:10 PM
Fair enough.

In that case I'd look for a stake instead of taking a loan out

Still recommend a training site
Taking out a loan to play poker Quote
04-03-2017 , 01:57 PM
Am I the only one who had to think about that Sopranos episode where the sporting goods store owner plays in the "executive game"?
Taking out a loan to play poker Quote
04-03-2017 , 02:03 PM
This is definately a good idea. Do it at once and if it goes tits up you can always sell one of your kidneys for more buy ins. Good luck at the tables.
Taking out a loan to play poker Quote
04-03-2017 , 04:02 PM
so you want to take out a long term 6k loan for a 'BR' that you just lost 30% of basically IN A WEEKEND. Curious what the damage would have been if you had the 6k going into Thursday...
Also plz clarify how you came to the decision that you are a 'winning player at these games'?
Taking out a loan to play poker Quote
04-03-2017 , 06:24 PM
Quote:
Originally Posted by madlex
Am I the only one who had to think about that Sopranos episode where the sporting goods store owner plays in the "executive game"?
Badda-Bing Club. Real good games there I hear. They will likely stake you too!
Taking out a loan to play poker Quote
04-03-2017 , 07:26 PM
Quote:
Originally Posted by madlex
Am I the only one who had to think about that Sopranos episode where the sporting goods store owner plays in the "executive game"?


GET BACK IN YOUR HOLE!!

Love that episode
Taking out a loan to play poker Quote
04-03-2017 , 09:02 PM
Quote:
Originally Posted by Birkin
Fair enough.

In that case I'd look for a stake instead of taking a loan out

Still recommend a training site
What's a stake? Been considering upswing, but I think most of doug's theories would be way too much for llsnl I started off playing a GTO style and lost a ton at 1/3 until I started playing exploitatively

Quote:
Originally Posted by spewtarddeluxe
This is definately a good idea. Do it at once and if it goes tits up you can always sell one of your kidneys for more buy ins. Good luck at the tables.
My summer job pays $8,000 over 2 months it's my backup if I bust again. I want to avoid it though I'd rather play poker
Taking out a loan to play poker Quote
04-03-2017 , 09:05 PM
Quote:
Originally Posted by Turtol
I'm already a winning player at nl10z over a 50k sample size.

I'm used to variance I just don't have the roll to support it live, which is why I want a poker bankroll, i don't mind grinding out 10 hours a day 7 days a week live I found it quite fun tbh

The bad beats weren't devastating at all when my roll was 1.5k I just accepted it as poker and moved on didn't think twice about it, and I didn't tilt. When my roll started getting down to $500 I definitely tilted when I got hit with a bad beat
As it appears you haven't actually done this live, how can you find something you haven't done quite fun?
Taking out a loan to play poker Quote
04-03-2017 , 10:25 PM
Quote:
Originally Posted by denks
As it appears you haven't actually done this live, how can you find something you haven't done quite fun?
I had a few sessions over 10 hours including a 13 hour sesh?
Taking out a loan to play poker Quote
04-03-2017 , 11:57 PM
Did somebody post "What's a Stake" about three postings back?
Taking out a loan to play poker Quote
04-04-2017 , 12:05 AM
Quote:
Originally Posted by Bene Gesserit
Did somebody post "What's a Stake" about three postings back?
Tried googling it, all I got was crossword answers lol
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04-04-2017 , 12:36 AM
Hooo boy
Taking out a loan to play poker Quote
04-04-2017 , 01:37 AM
Quote:
Originally Posted by Turtol
I had a few sessions over 10 hours including a 13 hour sesh?
Big difference between playing a few decent sessions and doing it every day. When I played for an income between jobs 4x 10 hour sessions was a normal week with good sessions going considerably longer if it was worth my time. Paid the bills alright but fun isn't how I'd describe it. I'm not trying to talk you out of it, what you choose to do makes no difference to me so if you want to play for a living best of luck and I hope you succeed.
Taking out a loan to play poker Quote
04-04-2017 , 01:41 AM
What's this talk about staking? Giving up half your hourly at 1/3 would make you 10/hour if you crushed. I'm hoping nobody is giving up studies for that hourly?
Taking out a loan to play poker Quote
04-04-2017 , 09:59 AM
ok so u beat 10nlz over a 50k sample. Thats cool but not super relevant. What makes you think you are a winner at these live games?

This is not a troll but a serious question. I have an online background. After BF I was forced to play live - I continue to do so to this day. Lots of online players flamed out big time trying to transition to live. They have serious issues with game pace and entitlement tilt. Based on your other thread I would say you are having similar issues

I know that in your OP you didnt want to hear someone tell you dont do it - I am that guy. I have actually been a pro gambooler longer than you have been alive (not a brag but a sad truth). Taking out a loan is a fukken terrible idea.

Gambling for a living is a long lonely never ending road. I advise every one I meet not to do it. It is a GREAT side gig...but as sole source of income it is terrible. That being said if you have to do it - DO NOT borrow money. Work your ass off at a job. Take shots and play when the games are the best (weekends etc). Build up a roll and do it right
Taking out a loan to play poker Quote
04-04-2017 , 10:03 AM
Given OPs posting history (in particular the 2nl spewfest he posted a few weeks back) I'm going to give this...

Quote:
I'm already a winning player at nl10z over a 50k sample size.
....a big, fat

hhhhmmmmmm
Taking out a loan to play poker Quote
04-04-2017 , 10:13 AM
Quote:
Originally Posted by denks
What's this talk about staking? Giving up half your hourly at 1/3 would make you 10/hour if you crushed. I'm hoping nobody is giving up studies for that hourly?

Saving up a BR through a job>Grinding up a BR through online>>Getting staked and giving up half your winnings>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>taking a loan (especially under false pretenses)
Taking out a loan to play poker Quote
04-04-2017 , 01:43 PM
Quote:
Originally Posted by Turtol
What's a stake? Been considering upswing, but I think most of doug's theories would be way too much for llsnl I started off playing a GTO style and lost a ton at 1/3 until I started playing exploitatively

I'd recommend it actually, it makes postflop a whole lot more simple in terms of categorising your hands. It also has a small section on playing live. You can probably get all the info out in a month which is about $50 IIRC
Taking out a loan to play poker Quote
04-04-2017 , 02:22 PM
Quote:
Originally Posted by squid face
ok so u beat 10nlz over a 50k sample. Thats cool but not super relevant. What makes you think you are a winner at these live games?

This is not a troll but a serious question. I have an online background. After BF I was forced to play live - I continue to do so to this day. Lots of online players flamed out big time trying to transition to live. They have serious issues with game pace and entitlement tilt. Based on your other thread I would say you are having similar issues

I know that in your OP you didnt want to hear someone tell you dont do it - I am that guy. I have actually been a pro gambooler longer than you have been alive (not a brag but a sad truth). Taking out a loan is a fukken terrible idea.

Gambling for a living is a long lonely never ending road. I advise every one I meet not to do it. It is a GREAT side gig...but as sole source of income it is terrible. That being said if you have to do it - DO NOT borrow money. Work your ass off at a job. Take shots and play when the games are the best (weekends etc). Build up a roll and do it right
For the 2 weeks I played live I was a losing player when I first started, by a lot I adjusted and developed a preflop limp range, a donk range, tightened up my preflop range like crazy properly sized my bets, started paying attention to individual tendencies and taking notes on regs if they raise value hands on dry boards, do they play their draws aggressively heads up or multiway. I started crushing the games after this, I was down about 1k and managed to get my hourly up to $20/hour. I was super confident in my plays, posting a ton of HHs and using pokerstove after every session I have 3 months of downtime that I want to give poker my all, I'm not worried about busting it as I've got a summer job that will pay for more than the loan i want to take out


Quote:
Originally Posted by Birkin
I'd recommend it actually, it makes postflop a whole lot more simple in terms of categorising your hands. It also has a small section on playing live. You can probably get all the info out in a month which is about $50 IIRC
I'm definitely going to get into the lab at some point in my poker career, maybe when I move up to 2/5 or 5/10
Taking out a loan to play poker Quote
04-05-2017 , 04:46 AM
Quote:
Originally Posted by Turtol
Not looking for someone to tell me not to do this, but I'm 23 yrs old and wondering if I could get a student loan to play poker
So you're asking a question as to whether or not to do something but preface that request by stating no-one should tell you not to do it?

Yeah with logic skills like that, you should rethink poker. Unless you're going to turn up at my game, in which yeah, knock yourself out mate.
Taking out a loan to play poker Quote
04-05-2017 , 05:02 AM
its possibly the worst idea ever, just keep ploughing away at the micro game as and when you can afford it, sort of pay to learn, then when you have the odd good days or rns at cash tables, reward yourself with a tourney or two with the hope of blinking a good cash or win that ill increase your role.

If you go ahead and take out the loan and go bust, which can happen to anyone, especially playing under pressure like that, even if your on a hot streak, its simply not worth the hassle, left broke, with a dented pride, will no do your overall progress any good at all, and may even sour your love of the game.

If your good and its meant to be then hard work and good planning will get you their, shortcuts will just lead too disaster imho more so in this case

best of luck and enjoy your game,
Taking out a loan to play poker Quote

      
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