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True Life: IMA Pro Poker Player True Life: IMA Pro Poker Player

06-21-2016 , 06:09 AM
Quote:
Originally Posted by feel wrath
Pro Tip: play loads of hours when you're running good and don't play at all when you're running bad. Hourly will shoot through the roof
that´s not a pro tip. that´s idiotic.
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06-21-2016 , 06:11 AM
Quote:
Originally Posted by javale mc g
that´s not a pro tip. that´s idiotic.

Irony warning, irony warning! He wasnt serious, in case you actually thought that.
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06-21-2016 , 06:13 AM
Quote:
Originally Posted by javale mc g
that´s not a pro tip. that´s idiotic.


How is it idiotic? It eliminates run bad and maximises profits when you're running good?
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06-21-2016 , 08:01 AM
I prefer always running good


Sent from my iPhone using Tapatalk

Please be shutting the **** up zoltan
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06-21-2016 , 09:26 AM
Quote:
Originally Posted by feel wrath
Pro Tip: count loads of hours when you're running good and don't count at all when you're running bad. Hourly will shoot through the roof to impress people on the internet.
FYP.

When PTR started measuring actual winrates in the micros 6-7 years ago, I went from have a terrible winrate to a pretty good one compared to my peers.
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06-21-2016 , 09:57 AM
Quote:
Originally Posted by venice10
FYP.

When PTR started measuring actual winrates in the micros 6-7 years ago, I went from have a terrible winrate to a pretty good one compared to my peers.
that´s fantastic as well
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06-21-2016 , 11:01 PM
Quote:
Originally Posted by johnnyBuz
I've probably logged around 1500 hours over the last 16 months and didn't hit my first real downswing until 1100 hours in. I was cruising right along at $35/hour at 1/2 and $70/hour at 2/5 with a meaningless sample of hours at 10/10. Then March came and I left my job and proceeded to get doomswitched immediately. Got coolered at 10/10 for 3k and then lost 12 in a row at 2/5 for another 12k. At that point, I dropped down to mostly 1/2 and some 1/3 and have logged 450 hours since mid-March grinding this **** out at $30/hour and have rebuilt my BR to >20k while keeping the LR steady.

Volume is really the only elixir. My utter abhorrence for the cesspool of poker that is 1/2 is what drove me to crank out volume and escape the dregs as quickly as possible. When I left my job I had a BR around $27k and a life roll around $50k and some illiquid investments. I'm not someone that gets stressed out by life but that downswing made me wonder if I made a huge mistake. Luckily things are trending back up and I've begun dipping my toes back in to the 2/5 sea going five for five this month, but I cannot imagine going pro without the long runway I had. A $10k BR and $15k checking account sounds like playing with fire to me in retrospect, but I guess at the time I would have thought "no way I lose that much that quick."
I'm sure part of the downswing had to do with the fact that poker offers no stability whatsoever. The survival first part of your brain kicks in and stops you from semi-bluff shoving your 12 out turn draws (or whatever) when you know you have food and rent money on the table.

True story:

I played poker as my sole source of income from 2008 when I got laid off until I had a major heart attack and was a few seconds away from death in jan 2015. My life sucked balls in 2014. I was an unhealthy mess of a person and I played scared poker. I also had no health insurance.

after my heart attack, I gave up poker and went to work and worked my ass off for all of 2015, delivering food and taking up any job that became available (need your landscaping done?). I finally made it back to the tables in 2016 with not just a decent BR of 25K to play the 2/5 game, but also a side gig that paid me enough to pay rent and food just in case

I would highly recommend having a side income (delivering pizza like I did, waiting tables, or whatever) if you are just starting out. you don't have to throw yourself into life as a poker player, you can make a gentle transition

another note: if you are trying to play 1/2 for a living, don't. if you are smart enough to beat any poker game, the innate skills you have are worth more in the workforce than what you can make at that level
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06-22-2016 , 03:18 PM
Quote:
Originally Posted by IMA
another note: if you are trying to play 1/2 for a living, don't. if you are smart enough to beat any poker game, the innate skills you have are worth more in the workforce than what you can make at that level
Speaking as a poker reg-fish who has a fantastic job (crushing 5/10 wouldn't justify me leaving my day job), I can't agree with this statement enough. I often see so many poker players wasting talents that could would be worth 2-5x what low stakes crushing will pay.
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06-22-2016 , 03:54 PM
Hi everyone, looking to go pro within the next 3-4 years. What are the lowest stakes to make a decent living off of? I have heard from some people 5/10 is the the lowest but I've also heard there are a few full time pros in Vegas who kill 1/2. Some people might laugh at that but things have changed my local 1/3 game open raises are 12-15. Let's hear what everyone thinks!
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06-22-2016 , 05:29 PM
3-4 years?!?

that seems like an odd time frame...got to admit you got me curious
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06-22-2016 , 05:30 PM
Trolls be trollin!
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06-22-2016 , 05:40 PM
this is all dependent on what you consider a "Decent" living.

for me, 30k/yr does me just fine, and could probably make a bit less and be cool
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06-22-2016 , 05:47 PM
Quote:
Originally Posted by MW1267
Hi everyone, looking to go pro within the next 3-4 years. What are the lowest stakes to make a decent living off of? I have heard from some people 5/10 is the the lowest but I've also heard there are a few full time pros in Vegas who kill 1/2. Some people might laugh at that but things have changed my local 1/3 game open raises are 12-15. Let's hear what everyone thinks!


If you're planning to make a living from poker, I suggest you know how to get the answers to these questions for yourself before making the commitment
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06-22-2016 , 05:49 PM
Quote:
Originally Posted by MW1267
things have changed my local 1/3 game open raises are 12-15. Let's hear what everyone thinks!
I thinks it's pretty standard
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06-22-2016 , 06:09 PM
3-4 years cuz I'm taking it one step at a time. Can't you avg about $200/session 5 days a week in a 1/3 game? Or is that not doable?
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06-22-2016 , 06:19 PM
Quote:
Originally Posted by MW1267
3-4 years cuz I'm taking it one step at a time. Can't you avg about $200/session 5 days a week in a 1/3 game? Or is that not doable?
i think making 48k a year in an average 1/3 game is very optimistic.

if you incorporate some deeper stacked buy in structures, interesting straddle structures, a rich and soft player pool then maybe it can become more doable.
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06-22-2016 , 06:22 PM
The buyins max out at 100BB and the UTG straddle and Mississippi straddle are both allowed. Thanks for that reply tho this is my first post so I am still new to the site !
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06-22-2016 , 06:26 PM
Quote:
Originally Posted by MW1267
The buyins max out at 100BB and the UTG straddle and Mississippi straddle are both allowed. Thanks for that reply tho this is my first post so I am still new to the site !
whats the rake structure? the specific straddle structure? 2x only?
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06-22-2016 , 06:30 PM
Yes 2x only. As for the rake is 10% up to $6. It's the same for the 2/5 at the same poker room. However the 2/5 game is full of nitty regs
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06-22-2016 , 06:37 PM
Quote:
Originally Posted by MW1267
3-4 years cuz I'm taking it one step at a time.
I'd be curious to know what your current situation is and why you want to be a professional poker player.

Quote:
Originally Posted by MW1267
Can't you avg about $200/session 5 days a week in a 1/3 game? Or is that not doable?
Looking at it per session is the wrong way to look at it. Poker does not provide a steady income like a normal job. Your income will fluctuate greatly. I would never look at it less than monthly and even then your income will fluctuate and there will be months where you break even or even lose money.
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06-22-2016 , 06:59 PM
I joined this site to learn so I appreciate your insight. Why I want to be a poker player is because I love the game and I really have a passion for it. I love to analyze and review things in poker and whatnot, but I'm sure you've heard this before. Your right, I guess I should do an hourly rate?
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06-22-2016 , 07:17 PM
MW,

Yes, most live poker players track their winrate by an hourly rate. Once I open it back up (it got stupid) check out the winrates, bankroll and finances thread.

Short answer to your question is that if you are averaging 10BB/hour at a level, you are crushing it. That means a pro could average about 60K/yr at 1/3. However, that is with no paid vacation, insurance, matching on your SS/medicare tax (self employed people pay, on average 9% of their income to this), etc. If you could live happily on a $42K/yr day job, you could likely live happily on 1/3, assuming you're a crusher.
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06-22-2016 , 07:19 PM
Quote:
Originally Posted by Garick
MW,

Yes, most live poker players track their winrate by an hourly rate. Once I open it back up (it got stupid) check out the winrates, bankroll and finances thread.

Short answer to your question is that if you are averaging 10BB/hour at a level, you are crushing it. That means a pro could average about 60K/yr at 1/3. However, that is with no paid vacation, insurance, matching on your SS/medicare tax (self employed people pay, on average 9% of their income to this), etc. If you could live happily on a $42K/yr day job, you could likely live happily on 1/3, assuming you're a crusher.
Get married and outsource this to the wife imo!
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06-22-2016 , 08:28 PM
Quote:
Originally Posted by Kler
WHAT THE **** DUDE HOW IS THAT EVEN POSSIBLE

That's 30 hours of poker a week on top of a full time job + school? Averaging over 7 days/week 5 hours of poker per day + 5 hours of work + 5 hours of school + the gym -- 17-18 hours per day? And you eat, I assume, and sometimes have some fun?

Seriously how do you manage that? How did you get this ridiculous work ethic?
It's figuratively and litterally killing me, hence the needing change. And yes, occasionally I eat (at the casino)
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06-23-2016 , 08:45 AM
Quote:
Originally Posted by MW1267
I joined this site to learn so I appreciate your insight. Why I want to be a poker player is because I love the game and I really have a passion for it. I love to analyze and review things in poker and whatnot, but I'm sure you've heard this before. Your right, I guess I should do an hourly rate?
Im probably just shouting into the void here, but I don't understand why people want to take a hobby they enjoy and turn it into a soul-crushing occupation for miniscule reward.

I've always thought that if a pro says he enjoys playing, then he's probably not playing enough hours and if he says he enjoys analyzing hands, he probably isn't crunching numbers enough.
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