Once one changes to a certain lifestyle and then loses there bankroll, it's tough for them to just change back to the way they were before the money... making it hard for them to make money the way they did, instead losing everything they have

groundbreaking!

wrong

Like 95% of this is hearsay evidence you have presented before us.... "I heard this", "the dealer said that about this guy"

Come on dude.

OP your post was slightly amusing as well as slightly annoying to read.I mean sometimes its about money other times its not.When your dealing with highly competive people who just HATE TO LOSE.And the perceptions of others around me are typicaly TOTALY OFF.
If i win $300 in a session i could get hit with a cooler for a $20 drop and my fiance would probaly think i had just lost the rent payment.Why because when your running good and you have an inflated ego (like alot of poker players including myslf and a gang here on 2+2) you exspect to win and losing a pot any pot to a bad beat or a cooler is like being spit in the face by god.Some people just handle it better than others.
Though thiers defineltly a little hellmuth in all of us.Some just conceal it better than others.Its called having class.

The OP may be off on a few details, but the overall point is very good: beneath all the TV glamour and fantasy lies a very dark reality. Poker is a negative sum, high variance game that attracts degenerate gamblers, most of whom will lose their money at some point. The variance and discipline required is such that even top players are going to find themselves broke and begging from time to time. Many 2p2ers like to imagine that the higher echelons of poker are inhabited by disciplined chess masters who methodically take chips from weaker players, but the reality is that most are rather unpleasant hustlers, con men and gambling addicts who have ridden the poker boom to a lifestyle that is totally unsustainable in the current environment and far better than such a marginal element of society deserves.

"Everyone should remember that this problem need not be caused by a good player encountering even better ones. Its almost as bad if he is merely encountering fewer suckers. If your hourly rate is only one third of what it used to be, you not only make a lot less money you are also much more likely to go broke if you don't drop down in stakes. If it was originally three percent that jumps up to about thirty percent."- Sklansky

/////////////

Very true.

Surprised there is no commentary on this post. I'm sure not everyone understood the magnitude of this...

reading the 1st paragraphe,nothing else.. seems like a level to me. Weird though that you'd type that much though just to level some people

and if it's not a level you're probably just an idiot (huge tournament fan..lol)

Make sure your character/x is always 30% greater than your bankroll.
(minimum) Kind of hard to do consistently. Maybe the reason your
relatives don't want you to become a poker pro, is because they
intuitively understand that with your character/x you won't be able
to beat the "life rake".

Thanks Alot OP...What your saying is very true and i find my self abit in what your describing about Poker player ect i made more then 200k playing poker but ive gone broke in the casino killed my life a few time had to rebuild...I am currently banned but it is extremely hard to get the real value of a dollar...Just brief example i currently on a very big downswing i could go play ez 1/2 game and almost guarantee make 200-300$ but for me it like nothing compare to all i lost i cant play lower then 5-5 ect but with waht you just typed i actually think tonight ima go play 1-2 and enjoy any penny ima win

Thanks OP

i feel that OP might actually have some truth to his observations. but not to all of them.

Anything wrong being a tournament player? Why do I always get the impression that playing tournaments is 'gay' while playing cash games is all 'manly'

What people don't realize is that if you master tournaments you end up making more money than you do in cash games. Plus you get better endorsement deals etc.

Why?

Because in tournaments you simply don't tilt off except your buy in. And if you get unlucky, you just move on to a new tournament the following day.

In cash games, you can buy in as many times as you like and donk it all off (Negreanu/Hellmuth). But when these two play tournaments theyre lethal

Only problem is taking care of your tournament winnings, not blowing all the money off afterwards, which is what this post discusses

You have a theory about a world you're not a part of and clearly are dying to get into. Then you distort isolated observations (maybe Rheem was arguing with a friend and had a right to be mad...) and second-hand intel maybe Bellagio's dealers lie about Brunson .... maybe you exaggerate) then you twist it to make your point.

There is not one shred of anything remotely resembling a confirmed fact in your post. Maybe Gus likes comfortable flip-flops. Doesn't mean he's broke.

Then, after you slander people, you attempt to right yourself from the gutter by not naming pros alledgedly asking for money. Ironically, the stuff you left out was actually the only potential fodder for a gossip post. At least there you said you saw pros allegedly begging for cash. But the stuff you did include was pure BS, Gus in sandals, Chino raising his voice, Lisandro looking mad, random facts about ivey's personal life. None of it means, or even points to, the fact they any of them have money troubles.

Post doesn't pass the muster, not even for a gossip thread.

Clearly dying to get into? I wrote this thread because I'm clearly dying to get OUT of it. I've been playing poker before more people on this thread, and I know about the pitfalls of gambling more than a lot of people on this page. But all I know was around what surrounds me. My casino, my gambling friends etc.

When I went to Vegas I thought I'd see something different, but in the end everyone is just the same all over the world. Here in Egypt, London where I lived for a while and the States.

Only difference is that TV glorifies players that should not be handed that glory. Maybe with an exception of a couple, but over no.

And I did not exaggerate about any of the stories, I merely stated what I saw and what my impression was. I said 'don't you think they're broke' not 'they're all broke'

I wanted to discuss this whole issue because it worried me since I've been dreaming of this poker glory for a while (final tables, high stakes tv time etc) we all have. But now we need to face reality. None of us will make it there, only a lucky few.

And I'll say this one more time, 95% of the players I saw in Vegas seemed broke. A lot of people on this thread agreed with me. I could be wrong, especially after someone mentioned that Gus had $13m in his FTP account.

thinnerrrrrrrrrrr











poasts

Wow!
The logic in OP surpasses the logic of most gossip-magazines, awesome level!

Such an awesome thread.

+1

This one is defintely true "Financially Secure Pros are Businessmen" PH won his first bracelet many years ago, a few years later, he was already a rich man, now he is getting richer with worthy 400 million. He really knows how to manage his money and market himself.

That was me and he did have 13m in April 2010 could be broke now but doubtful

I live in lv and am a poker pro / reg if you will for the last 5 years playing up to 10-20 nl

Op makes good points and I understand his post

I have seen it all out here as other locals have

BRM Is obv the most imporant thing along with general dicipline to beat the game long term

can we get mayor adam west an ip ban please

obvious child is obvious

shiiiit I do occasionally play a tournament or two but never thought about that meta-problem before. Better read this post carefully, before I enter my next competition of the felt.

Good OP

ps, can someone link me to the thread that obvious x is obvious refers to?

woah everyone pick out your most loved ******ed quote

mine is "$5m is too much money, even for a billionaire"

I don't think durrrr or Phil Ivey will ever go broke. I can't say that with certainty about any other nosebleed regular.

I like 'The guy was playing $25-$50 like a homeless person was playing $1k-$2k'

what does that even mean?