I think a lot of people commenting in this thread assume that not having a stable living situation is a bad thing. It’s unclear to me, Rich, whether you share this view or not. But you do seem to be getting a lot of advice that you don’t want to hear and perceive as negativity.
So I would ask you, What are your goals? If you simply want to continue living the life you’ve been living for as long as you can (i.e., until your money runs out and you’re forced to go back to driving a bus), then I guess nobody’s advice in this thread matters.
But most of us want some level of security: we want to know that our most basic needs (for food, clothing, shelter, health care, and social interaction) will continue to be met throughout our lives.
I should perhaps explain that I write this as a 57-year-old who thinks about what my life will be like in 25 or 30 years. When I was your age, I gave no thought to the future and had tens of thousands of dollars of debt to credit card banks and the IRS. I was also a losing poker player, though I've since gotten more serious about the game and have been a winning recreational player for the past 20 years.
There are ups and down in poker, as you well know. But there are ups and downs in life, too. What will happen when your car gets stolen or totaled in an accident? What will happen when you get sick or injured and can’t play poker for several months? (You’ve said that insurance is a scam; do you even have health insurance?) What will happen when your grandmother dies or moves into a care facility, and staying with her or showering at her place is no longer an option for you? What will happen when your cryptocurrencies lose 90% of their value (I, too, own cryptocurrencies, by the way, though they are only a small fraction of my investments)?
If your goal is to be a professional poker player for the long term, I would ask you to consider (as others in this thread also have) that bankroll management is an important skill to master. This was why people objected when you didn’t sell some of your action in the $10K WPT event; this is why people are suggesting that you drop down in stakes to build your bankroll, temporarily at least.
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Originally Posted by Rich Checkmaker
I was thinking about playing 10-20 to make up what I lost recently though. Plus there is no cap buy-in, so if I sit with my whole roll I can double up my whole bankroll....
I don’t know if this was a joke or a troll (though you keep insisting you’re not trolling us), but it would be foolish to actually try this. The risk of ruin is simply too great.
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Originally Posted by Rich Checkmaker
I also want to say to my haters/detractors/naysayers in this thread, I'm better at poker than you realize.
The betting decisions you make at the table are not the only things that make you a good or bad poker player. Hypothetically speaking, of course, if you go broke someday because of poor bankroll management, will you be able to recognize that you were not as good a poker player as you thought because you didn’t manage your bankroll properly?
And what are your hourly win rates in the different games you play? Winning poker players generally keep meticulous records of their results—and use those records to help them select which games to play.
I don’t play for a living, but I do keep track of my wins and losses. I had a short session last week in which I won $266/hour, and it’s not uncommon for me to have sessions in which I win $50 to $100/hour. But after I average those winning sessions in with my losing sessions and with my 18-hour break-even sessions, my hourly win rate goes way, way down.
Do you have a budget for living expenses? How much do you spend each month on hotel rooms, food, car expenses, health insurance, clothing, entertainment, etc.? Are you winning enough each month to cover those expenses? What about paying taxes or saving for retirement—or do you simply not care about those things? (I assume, by the way, that both the IRS and the California Franchise Tax Board were notified of your two four-figure scores and will be expecting their cut at some point.)
Bankroll management, money management, time management, game selection, emotional control—these are all as important, or more important, than your decisions to check, call, bet, fold, or raise a particular hand on a particular street against particular opponents in a particular game. That’s the big picture; don’t lose sight of it.
Two books I think you might especially enjoy: a short novel called
Shut Up and Deal, by Jesse May, and
Elements of Poker, by Tommy Angelo.
Thanks for sharing your journey with us. I wish you all the best, in poker and life both.