Quote:
Originally Posted by Rococo
Your starting assumption seems to be that anyone who enjoyed gambling at any point in their life would choose to remain in the industry if they were competitive. Why is that so? Isn't it reasonable to say, "I probably can make X in the gambling industry. But I can make 5X in another industry that interests me at least as much as the gambling industry, so I'm going to leave the gambling industry."
Not sure what enjoying gambling has to do with it, other than perhaps that is what drives some players. More professional ones approach it in a more systemic manner where the sheer thrill of the gamble is not the motivating factor.
As to the I can make 5x more somewhere else, that also depends. This dude quit at a time when the games and the industry were quite easy to exploit for a considerable amount of money in a variety of ways. Ironically the way he likely did it (grinding mid stakes cash games) was pretty much the least efficient manner, unless one was doing a SNE grind. He played 200NL against a lot of other grinders, when I could have showed him how he could make multiples of what he did, even with poker alone, playing 25 or 50NL and then exploiting how the rewards systems worked on some networks to get thousands of dollars a week in tournament tickets. Not a MTT player? No big deal - just register for the tournaments beforehand and when you win the ticket you get cash instead.
He would look at that and say playing 25NL is a waste. I would counter that it made a ton more money, so it comes down to what the goal of the person is. If his was for ego and to gamble then it was different from mine, which was earning money.
As to making 5x more - if he was making 10,000-20,000 a year back then - he definitely should go anywhere to make a higher amount. If he was making 400,000 to 800,000 a year then maximizing that out for as long as one can may be a different strategy unless he had someone rushing to sign him for a 2 million a year job.
Quote:
Originally Posted by Rococo
If I put my mind to it, I assume that I could "compete" as a Vegas pit boss. But I have other options that are more lucrative that don't require me to spend 50 hours per week in a casino. Surely I am making a rational choice.
Not sure how that applies here. What I did was a simple online systemic exploitation strategy. I did not care in the slightest about gambling and some of my favorite bonuses were ones where I could do auto play and not even have to watch it. I would go for a walk and come back and see I made $500 or whatever. Repeat. Worked for me. In contrast the concept of grinding 200NL as a job (even then) would get the same reaction from me as the pit boss example does for you.
Quote:
Originally Posted by Tien
Innovation. That's a good one.
Doug Polk quit poker and he's the best player in the world.
His choice was based on different elements than your choice was many years ago. You quit during the boom period of the industry, without ever understanding how many financial opportunities existed within the industry. You made the right choice for you at the time.
All the best.