Kid saves and grinds more than you ever will. Takes a shot with perhaps a bit of naïveté but does it right with life roll and bank roll.... And you take the easy shot? I thought you were a pro troll.

Why is the entire poker world allergic to having a side job?

Is the "entire poker world" allergic to having a side job? I actually know a lot of LA people who have a side job in addition to playing poker professionally/semi-professionally.

Maybe you are talking about the online poker scene and/or the Vegas poker scene?

In reality im talking about 2+2.

Side cars ok tho

sent from my secret chat thread

The downswing hasn't altered my perception of what I believe to be attainable goals from poker in the short term and long term, merely given me a newfound respect for how bad short term variance can truly be.

It also provided an untimely but necessary lesson in bankroll/risk management. My current state is more due to bankroll illiquidity rather than bankroll insolvency as I moved too much of my profits too quickly from my bankroll to my life roll/investments.

I'm not going to say I'm glad this downswing happened, but I did spend a year positioning myself for the opportunity to pursue this and I have been able to weather the storm and dig out of it relatively stress free and with an extremely long runway. It has also given me valuable insight into how to plan for the short, intermediate and long term WRT bankroll and variance.

So yah, all things considered, I am still extremely happy with my decision to leave the corporate world behind and make a go at it on my own terms. And the subsequent uptick in my health and well being since then is gravy on top.

People play poker so they don't have to work hard, ldo.

Side job is a bit on the working too hard side.

Not true in my experience

I play in that player pool


+3.50

[QUOTE=johnnyBuz;50051433]I think the edge is still there and just as big as it was. During my sessions I still saw the same mistakes, made the same reads as normal, etc., but I found myself getting involved in all-in pots (made hand vs. draw) at a much higher frequency, like 2-3x per session (right tail event), and losing pretty much every single one (left tail event). It's comical to me at this point but I've lost about 24/25 all-in pots during this time ranging from 2:1 to 4:1 favorites. QUOTE]

Has anyone else experienced anything like this? The top 2-5 crushers on here say their biggest downswing was in the 5-6k range. Yours being at 16k is way past that. MikeStarr says his biggest losing streak is 3 sessions in a row.

If you can lose 19-20 sessions at 2-5 having an edge over the field then you could just as easily lose 19-20 at 1-2. I'm a crusher at 1-2 and can tell you that is not even remotely possible. Similar to Mike, the max amount of losing sessions Ive booked in a row is 3, and my biggest downswing was 2k, which could have been easily reduced down to 1500 if it wasn't due to spewy play from being on tilt for "running bad".

Gonna go out on a limb here and guess he isn't playing 100bb Max games

With that being said, that type of swing would be absurd for a crusher in most 2/5 games.

[QUOTE=bodybuilder32;50056630]

You saying that kind of variance "is not even remotely possible" shows how little you understand variance. And obv all 2/5 games are not the same. 2/5 closest to me is uncapped. Some are 100bb cap and most 3/5 in LA are actually 40bb cap games. Pretty huge difference from sitting 500+ bbs deep vs 100bb cap. Pretty much most 1/2 games have 150bb max. And most of those guys sit with 50bbs or less anyways. Pretty unfair comparison imo.

There is a reason the old guys said it's a tough way to make an easy living.

It's just not that hard to be middle class++ if one uses their brains a bit and work a little. Prob is many people look for shortcuts

When I was playing old hustlers used to say this about golf too. Most of them were losers

And they take it as some kind of personal insult if you suggest they need one.

Speaking of BRM issue:

Poll: Two-thirds of US would struggle to cover $1,000 crisis

http://bigstory.ap.org/article/965e4...d315f83e01b6a2

This is not tax advice. I am not a professional. You should ask someone who knows better.

When I was in a similar situation, the guy gave me a W9 form. I gave him a 1099-MISC form. Find those forms at the U.S. taxing authority web site.

thanks, for your reply and for the others. I'll go check out the site and ask around.

Dox is pretty much on point. I recommend you hire some one who knows wtf they are doing because you could be subjected to some significant penalties for failure to file timely 1099s

I see several issues that could trigger further problems if not handled properly in the initial response

The IRS likes to **** people, I'm just never selling action again

Amazing post! No way you weren't sober when you wrote that!

Sticky this IMO

Because earning $1500 for 80hrs of work sucks when you lose it on payday.

Lighten up Francis.

Sent from my phone...oh wait nm.

[QUOTE=Pots-For-Sale;50057022] What is so hard to understand? Squid has come on here and said that his biggest downswing was 5k. He also confirmed that this was similar to other guys who's "game he respects."

I have close to 3k hours logged of live experience, some at 2-5, but mostly at 1-2. I have had several downswings during that stretch, and nothing ever further than 2k.

I am seeing a pattern here, that for any "crusher" at their stake, it seems that the biggest downswing you will go on is approx. 10 buy-ins.

Johnny Buzz's game is capped at a 1k buy-in. So, 10 buyins of 1k is $10,000. Buzz reported a $16,000 downswing. This seems way bigger than what is expected. It could be a clue that his game has leaks....even if he was experiencing run bad.