Quote:
Originally Posted by blakkman08
solid goals, great read man. i ll be trying to do something similar so thanks for sharing. best of luck during scoop, hope u bink that leaderboard as well
Thanks man, gl to you too!
Quote:
Originally Posted by QueenTen
Hi theginger45,
I am new to this site (and to poker) but i just want to say that you are a great inspiration for a newbie like me!
If you got the time i would very much appreciate if you could answer a few questions i have.
Did you have a "normal" job before you set out on this great voyage? And if you did, what results did you have before you decided to quit?
How big (or small) was your bankroll? And how much do you pay for buy-ins? Do you ever play any satellites?
Any recommendations for good books to read?
I am sorry if my english is not so good but its not my first language
Anyway, good luck to you!
QueenTen
Hey QT, thanks for reading. Glad the thread has been helpful for you. Let me answer your questions (this is gonna be tl;dr):
1. Normal job - yes and no. I got into poker during my Master's year at college, just playing £5 homegames with friends. I fell in love with the game and just kept playing more and more, learning more and more and eventually deciding to try to make decent money at it and getting my first backing deal in early 2011. After I left college I did some work with a student-run charity I had volunteered with, and got a full-time job working with them based in Ireland.
This job turned out to be one of the worst jobs I could imagine, and I spent most of my time holed up in my room playing poker as a way to escape from it. When I finally quit this job after 8 months in December 2011, I still wasn't making much money from poker at all, but I just didn't really have many other career options as I just wasn't motivated for anything else. I moved back home from Ireland to live with family again, and having got my current backing deal in September 2011, I started grinding it out to try and make my way as a professional poker player.
In hindsight, the logic I used to make the decision to play poker full time was terrible. I thought I could calculate exactly how much money I should be able to make doing it, and had no idea how big variance was. I struggled through the first six months, borrowed money to move out of my family home and get my first apartment, worked a 'normal job' for 10 weeks over summer and grinded part-time, racked up $26k of makeup between July and September, got really unhappy, started seeing a therapist, considered quitting the game, actually started actively looking for other jobs as I was pretty much totally broke, and basically hated life. I kept grinding it out though, and throughout October I chipped away at my makeup and got it down to $17k.
Then, at the end of November just as I was about to ask my backers for a cashout loan so I could pay the rent for December, I binked the Big 109 for $20k, and all of a sudden I was out of makeup and actually had some money again. That made me financially secure through the first few months of this year, and thanks to not running as terrible this year as I did last year, I'm now managing to actually make a living as a professional poker player pretty comfortably, and I'm very optimistic about the future.
In short, I had no idea what I was doing when I decided to play poker full-time, and I would not recommend anyone else to do what I did. I made a lot of decisions throughout last year that were very detrimental to my ability to make a living, and as a result were very detrimental to my overall wellbeing. I now understand the nature of MTT variance, and I know enough to basically never let myself get into that situation again. If you're considering playing poker professionally, do your homework first. It's overwhelmingly likely that it will be extremely difficult at first, and you should definitely have around 6 months' financial expenses saved up before you do so.
2. Bankroll stuff - I've never had my own bankroll. At least, not since when I used to donk around in the micros back in college, and even then I was underrolled for what I was playing. I've always been backed since I started taking MTTs seriously, as I've just never had enough money to afford my own bankroll. I still don't - if my backing deal somehow collapsed right now (which is like 0% to happen), I'd be looking for another one instead of going out on my own. Not to say I'm not considering going out on my own in future, but I absolutely can't afford a professional poker player's bankroll right now.
As for buyins, my average buyin right now is about $40. Last year it was around $15-20 for most of the year, so I've obviously stepped up a little since then. I think one interesting thing I've discovered is how higher buyin tournaments can actually be significantly lower variance than low stakes ones, because the fields are so much smaller. If you gave me the chance to make a living playing either the $109 10k on 888, or the $22 12k on Stars, it's an absolute no-brainer to play the $109.
I do play the occasional satellite (actually played some on Sunday) but mostly as a way to keep my Sunday buyins a little lower, as it's getting to the point where I can easily rack up $5k in buyins on a Sunday just by playing all the good value majors. Generally though, since I'm backed if my backer and I both think it's good value to play something, I just buy into it directly, but sometimes there'll be the odd thing that I'll hop into a couple of satties for it and forget about it if I don't get a ticket.
3. Books to read - Honestly, once your game gets to a certain level, don't read poker books. They are not even close to being an effective way to learn poker any more, because it takes so long to publish them, and so many things about the way the game is played will usually change between writing and publication. That said, there are some exceptions - I believe Jared Tendler's books, The Mental Game of Poker 1 and 2, are essential reading for anyone who takes poker seriously, and if you're a beginner then there are certainly some useful books that will give you an insight into basic strategy and terminology.
The books I read when learning the game were Harrington on Hold'em, Kill Everyone, Raiser's Edge, Gus Hansen's Every Hand Revealed, and Jonathan Little's Secrets of Professional Tournament Poker. All of these were useful to my game in some way, even though all of them are now in some way outdated. The Gus Hansen one especially contains some really terrible advice, but it definitely broadened my mind.
If you're serious about improving at poker in today's climate, you absolutely need to sign up to training sites. I've talked a lot in this thread about which sites I believe are best, so I won't go through all of that again as you can probably find it, but I've had multiple training site subscriptions since I turned pro, and I consider it an investment in my edge to continue paying for them. If each one improves my ROI by even 1% over time, it will probably pay for itself.
Getting involved with training sites, posting on forums, watching videos and listening to podcasts are really the only way to keep up with the changing nature of the game - poker is really just one big system of adjustments and re-adjustments, so in order to predict what kind of adjustments to your game are going to be necessary for you to continue winning, you need to be watching a lot of training videos to find out what the best players are doing. It also helps you reconfigure your thought processes and your 'inner monologue' that guides your decisions, by aligning it with the processes you see and hear from top pros. Just watching videos by one specific pro who explains things really well could completely transform the way you think about poker hands.
Hope all that is helpful. Good luck man, and thanks again for reading.