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Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally?

11-18-2012 , 01:09 AM
Quote:
Originally Posted by 4+EVer
I love all the replies, " haha playing 1/2 live" "lol at 1/2 professionals" etc, etc

keep thinking no one makes a comfortable living playing 1/2

45-60k a year is not a pipe dream
I have played for 11 years now, with 98% of it live, in home games, casinos, and most of the underground clubs in the biggest metropolitan area in the US. I have yet to meet a single person who has been able to verify that they played 1/2 NL live as their sole means of living an adult lifestyle for any lengthy period of time.

Since you mentioned a figure hypothetically:

Someone playing 1/2 40 hours per week, all 52 weeks, at $20 hourly, would bring home $41600***. That's a ton of play, at a very high hourly for that game. Tough to imagine that you think there are a lot of people doing this, and that figure still doesn't even come that close to the bottom end of your $45-$60k range.

***$41600 would be take-home assuming the person wasn't declaring, which they undoubtedly wouldn't be. This would be the equivalent of $55k, $60k in "legitimate" taxable income (perhaps someone can figure out the exact figure) if you thought of it in those terms, so to be fair, that falls within the range you provided.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 01:11 AM
Quote:
Originally Posted by z4reio
Until variance kicks your ass and gives you a 12k year. I mean, live just doesn't give you the volume. How long have you been playing 1/2 live for a living?
Questions like this should come with a qualifier. There are tons of people on sites like this one who identify as 1/2 NL "pros". Almost every one of them falls into the same category - early 20's, lives at home, has virtually no bills to pay, was playing poker recreationally, doing well, and decided to up and announce that it was their "career" since they had no other job option.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 01:17 AM
Quote:
Btw, you can make a living at 1/2NL live. People don't like to believe so, but $2000/month isn't very difficult to pull off at that level, and I am comfortable living off of that while also having a kid. Any single, non-parent should be able to be completely content with $2000/month, so I don't see why so many people refuse to believe that 1/2 is a viable game on which to live.
1) It isn't very difficult? How many people do you think are capable of making that much? It's generally accepted that between 75-85% of players are break even or losing right off the bat, so how many people could be putting in the hourly volume AND winning at a rate to be able to take two and a half buy ins a week out of their game?

2) As far as the bolded - in rural Wyoming, sure. In a major metropolitan area like NYC, LA, etc? $2000 take home a month for your entire household doesn't go far. Even a young person living in the 'burbs of these areas is paying $900-$1000 a month, and that's if they're renting. After car and food expenses for the month, there's pretty much nothing left of that $2000.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 01:21 AM
I would say a benchmark of a legit pro grinder would be winning consistently at 2/5 or above. Anything 1/2 or below is amateur stakes. Not to say it ain't juicy, but true pro would feel as comfortable (maybe even bored) at 2/5 as we all would playing 1/2 or 3/6 limit.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 01:46 AM
Quote:
Originally Posted by 2OutsNoProb
Questions like this should come with a qualifier. There are tons of people on sites like this one who identify as 1/2 NL "pros". Almost every one of them falls into the same category - early 20's, lives at home, has virtually no bills to pay, was playing poker recreationally, doing well, and decided to up and announce that it was their "career" since they had no other job option.
We know everyone has a different definition of playing for a living, but when a guy says he makes 50k a year playing 1/2 live, then I assume he's not living with his parents having to only pay for bottles of Johnny Walker Blue and payments on a Lamborghini that his parents cosigned.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 02:09 AM
Quote:
Originally Posted by NickyC
This will most certainly come off long winded, but I'd like to be able to explain my feeling on this topic the best I can. I'd like to premise this by saying I've never played professionally, nor do I have the poker ability to do so to be painfully honest (some of you will rightfully feel this disqualifies anything I might post on this subject, which I accept). I've thought long and hard in the past about putting in the time it would take to be successful at this game in the long term, to the point where it could be my sole source of income. After being brutally honest with myself, I realized I wouldn't be able to do it and thus I've scaled back playing poker big time. It's now nothing more than a once, maybe twice a month thing for me now. Hell, I even go months at times now not playing.

For me, quite honestly it all boiled down to the long run. Did I really want to spend the most financially productive years of my life (25-55), playing a card game which more likely than not would be a dead end? Suppose I play cards well for 10 years, then at age 35 burn out and decide to do something else. What could I possibly do? I have ten years with absolutely ZERO to put on a resume. We have an economy that is imploding, with an ever shrinking job base. The fact of the matter is, the blue collar jobs, manufacturing, etc. that we've lost over the past 15-20 years are NEVER coming back. Automation, outsourcing, debt levels, etc., all point to the painful conclusion that the standard of living our parents and grandparents enjoyed is nothing but a thing of the past for the vast majority of us. The jobs with 40 hour work weeks, 3 weeks of paid vacation per year, health insurace, a pension, and a gold watch when you retire at 55 are long gone. They've been replaced with work weeks untill you drop, buy your own health insurance, no company matching contributions, and retirement fantasies due to a stock market crippled with fraud. Even savers are screwed now with the nonstop zero percent interest rates. We are well, and truly screwed in this country. No new taxes on the wealty, entitlement cuts, or any other BS politician's line about how to turn things around will save us. You are on your own to make the life you will have, and it's going to be difficult no matter what.

Coming to this realization several years ago, I've decided to devote my career to gaining skills and experience that is not common. My best advice is to find a niche career, something in demand, which requires a ton of training/education, and just go with it. As the economy continues to deteroriate, layoffs continue, and more people become beholden to the government, those who have the skills and experience in demanding jobs are the ones who will have a fighting chance. You see, we are rapidly devolving into a service based economy. There are less and less skillfull, experienced workers. Older workers are staying on the job due to their retirements being cleaned out by Wall Street fraud, so fewer and fewer new graduates and young people are finding REAL employment. They are taking service jobs to pass the time until this pipe dream of an improving economy materializes. One day, they're all going to wake up in their mid 30s, either delivering pizzas or bartending, and wonder WTF happened. These people will be completely unemployable, just like someone who has spent the past 10 years playing a card game.

The dirty, not so little secret, is in this economy employers just aren't hiring the unemployed. It is absolutely ESSENTIAL that you maintain real, continuous employment. You see in this economy, with millions unemployed, with a true unemployment rate of around 16% (which is not some bogus, lala land government statistic), employers can be as picky as they want to be with new workers. Why would they ever hire someone who has been out of work for two years, when before them sits a resume of someone who is currently employed, has sharp skills, and has never been laid off? Right or wrong, a stigma still applies to many who have been laid off (which I believe is unjust). Many employers will see somebody laid off, and attribute the lay off to the worker themselves. Employers think "Well, I know we laid off the worst 10% of our workforce, so that's probably what this guys former company did". What do you think an employer is going to do with a resume that has a 10 year gap of NOTHING? If you ran a business, would you honestly hire some guy who has spent the past 10 years of his life in a casino, with absolutely no skills? You know your honest answer to this.

In my opinion, card playing should only be considered a part time affair. You should be devoting your best years to furthering a real career, something that will provide for you and your family in the best and worst of times for decades to come. When you're in the business world, you meet people, you make connections. You'd be amazed at the career choices people have given me. When you get into a profession such as law, which is what I'm in, so many paths open before your eyes, paths you never even considered. Answer me this, does this happen to you at a poker table? Has anyone ever offered you a job, asked you to represent them, or asked for a few hours of your time to discuss a joint venture at a poker table? You just don't meet the people you need to meet in life in a card room, and that's the brutally honest truth. Life is more about who you know, not what you know. I've worked my damned azz off in life, and my biggest breaks have come from other people. It is VERY hard to make it in this world now without connections. The best part of having connections is if the unthinkable happens and you are laid off, you have a rolodex of people you can hitup. I try to make all the connections I can, I use LinkedIn, etc. You just never know when you might have to make that call.

To sum up this mass bloviation, I don't think poker should ever be anything other than a part time gig to pick up a little extra money. As well, your job and career should never take a back seat to this game. A career is probably the most important thing you'll ever undertake in your life, and to waste so many years playing a zero sum card game, in my honest opinion, is selling yourself short of what you're truly capable of in life.
Amazing post.

The thing is though, a lot of the things you mention, like the country deteriorating, less jobs, less job security, etc, is a good reason for skilled poker players to make a career of playing cards. Sure, they can do something else, but you are on your own more or less, like you said, and that something else might not pan out.

I'm not meaning to beat a dead horse here about the lawyer profession, but lawyers working at their firm don't have any real tangible skills either, also, I think you said that do you want to look back on your years saying you played a card game? As if it wouldn't be a fulfilling thing to do in life and that might be true. But I'm sure a lot of lawyers who are retired that didn't find being a lawyer fulfilling career choice. My dad has been an investment banker since the early 80's making at least 400k a year throughout the 80's when I was growing up and through the 90's and up until today. And he always was and still is a pretty miserable person.

Also, define "waste" I am sure there are lots of people out there that think they are wasting their time doing some job where they make good money and could be doing something else. I don't think a career should define whether one's life is fulfilling or not, or what they are potentially capable of. We will all be dead soon enough and it won't matter what we did to make money. A lot of people enjoy playing poker and if a zero sum game allows them to do other things they want to do and free up their time and what not, that sounds successful to me. Not to mention, I think there is a certain sense of fulfillment being able to make a living by being better than other people in something like a card game.

What about Tennis players??? Would you lump them into the same category as Poker players as far as thinking that they are wasting their time? Not every player on circuit is making Rafael Nadal type money. What about golfers on the Nationwide tour? How much you think an average player there is pulling in a year? Probably not much.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 02:25 AM
Quote:
Originally Posted by 4+EVer
I love all the replies, " haha playing 1/2 live" "lol at 1/2 professionals" etc, etc

keep thinking no one makes a comfortable living playing 1/2

45-60k a year is not a pipe dream
congrats, u doubled up twice in one session and think its sustainable
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 02:48 AM
grunch: I've always thought anyone who plays poker professionally should never solely rely on poker for their income, invest some, buy property.

also for young guys who were crushing making $100k/yr or w/e, it should be a stepping stone so you never have to work again.

also goes for people who considered themselves 'ballin' at some point in their life, did you not stop and think how can i sustain this? what if it doesnt last forever?

I would absolutely hate life if i was in a position where 4 years ago i could buy anything/do anything and today i was broke.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 02:51 AM
Quote:
Originally Posted by YouFaiil

I would absolutely hate life if i was in a position where 4 years ago i could buy anything/do anything and today i was broke.
That would take a particularly stupid person. DUCY?
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:03 AM
Quote:
Originally Posted by Silver_Man2
Amazing post.

The thing is though, a lot of the things you mention, like the country deteriorating, less jobs, less job security, etc, is a good reason for skilled poker players to make a career of playing cards. Sure, they can do something else, but you are on your own more or less, like you said, and that something else might not pan out.

I'm not meaning to beat a dead horse here about the lawyer profession, but lawyers working at their firm don't have any real tangible skills either, also, I think you said that do you want to look back on your years saying you played a card game? As if it wouldn't be a fulfilling thing to do in life and that might be true. But I'm sure a lot of lawyers who are retired that didn't find being a lawyer fulfilling career choice. My dad has been an investment banker since the early 80's making at least 400k a year throughout the 80's when I was growing up and through the 90's and up until today. And he always was and still is a pretty miserable person.

Also, define "waste" I am sure there are lots of people out there that think they are wasting their time doing some job where they make good money and could be doing something else. I don't think a career should define whether one's life is fulfilling or not, or what they are potentially capable of. We will all be dead soon enough and it won't matter what we did to make money. A lot of people enjoy playing poker and if a zero sum game allows them to do other things they want to do and free up their time and what not, that sounds successful to me. Not to mention, I think there is a certain sense of fulfillment being able to make a living by being better than other people in something like a card game.

What about Tennis players??? Would you lump them into the same category as Poker players as far as thinking that they are wasting their time? Not every player on circuit is making Rafael Nadal type money. What about golfers on the Nationwide tour? How much you think an average player there is pulling in a year? Probably not much.


You are off base on many things. You keep claiming that Lawyers offer no benefit to society, but in actuality, our legal system, as well as our tax system that everyone cries about, are two of the main things that make us the strongest country in the history of mankind. The United States is a machine, and even though people like to whine about it, it is still the place that most everyone in the world tries to connect with, one way or the other.

And to compare a professional, or even a wannabe professional tennis player with that of a poker player is a joke. Spending a decade chasing the tennis dream would hardly be a waste, no matter how it turned out, as long as it was that person's dream. They could teach tennis after that, or even do nothing related to tennis at all, and it would not have been a waste, even if they never had a significant achievement.

The reason that poker is many notches below all forms of every activity mentioned in this whole thread, is that it damages a lot of people. There are very few people who can really make it, and even those people live a shallow existence, as the only way they can profit is off of someone else's loss. Playing tennis hurts nobody. It is a constructive activity and a worthwhile activity. Just like golf, or any other sport that people enjoy.

Poker does more damage to a society than it benefits. There is no utility in it on a net basis. If all anyone ever did was play it casually, then you could argue that it was similar to chess or backgammon. You don't hear endless stories about people killing their parents, friends, and others because they like to play chess or backgammon. What percentage of backgammon and chess players can get a credit card with a 10K limit? Now compare that with poker players.

If there was a game invented tomorrow, where 6 people sat around at a table and the person who blinked first got eliminated, then as each person blinked they got eliminated, until there was one left who won all of the money, then that game would add no value to society. That is not so much different than poker. If these "staring" games took 10 hours per day, as people sat around at a table and looked at each other, that would hardly be an experience worth repeating. But that is basically what poker is.

You might have a few people who rarely blinked and they would be called geniuses, and make a good living, but it would be a soulless life, as all of those who blinked too quickly, but were still addicted to playing the staring game, would be bankrupt idiots like a huge number of poker players are.

People have been trying for the last decade or so to make poker into something it isn't. Notice how far it has fallen in just a few years. Every single person or entity that has ever been put in a position of trust, has exploited those whom have given it trust.

The lawyers, insurance agents, and others whom you think offer no value to society, are actually the ones who do the heavy lifting and make sure the society runs like a fine-tuned machine every day.

If poker didn't exist tomorrow, it is easily arguable that the world would be a better place. You cannot argue that it is a good thing for young educated people in any society to spend lots of hours pursuing poker. Millions upon million of hours are wasted on it, by people who could be spending that time on making the world a better place.

Poker is a joke. It is an extremely flawed game, and it is much more flawed than the United States Dollar that you think has no value. In poker, there is no way to guard against being cheated. Period. There can always be collusion, and there usually is. You cannot defend against it.

The only pure form of poker would be to play live heads up, and you would have to make sure the cards were not marked. Any and every other form of poker is just a cheaters paradise. It is theoretically NOT POSSIBLE to ever set up a poker game that is not vulnerable to cheating.

Last edited by dreddy; 11-18-2012 at 03:08 AM.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:08 AM
Quote:
Originally Posted by dreddy
Poker is a joke. It is an extremely flawed game, and it is much more flawed than the United States Dollar that you think has no value. In poker, there is no way to guard against being cheated. Period. There can always be collusion, and there usually is. You cannot defend against it.
So... how much did you lose?
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:23 AM
yes.obv.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:35 AM
Quote:
Originally Posted by dreddy
What percentage of backgammon and chess players can get a credit card with a 10K limit? Now compare that with poker players.
Hate to break it to you, but banks don't care what you do for a living so long as you're not a credit risk. My credit card limits are $50K+. BFD.

Quote:
Originally Posted by dreddy
The only pure form of poker would be to play live heads up, and you would have to make sure the cards were not marked. Any and every other form of poker is just a cheaters paradise. It is theoretically NOT POSSIBLE to ever set up a poker game that is not vulnerable to cheating.
Money. Anytime there's money to be had, cheating will take place. Wall Street, Madison Avenue, taxes, gambling, whatever. There's probably more cheating in trading than in poker, except those guys are more effective at it.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:42 AM
Quote:
Originally Posted by dreddy
There are very few people who can really make it, and even those people live a shallow existence, as the only way they can profit is off of someone else's loss.


The lawyers, insurance agents, and others whom you think offer no value to society, are actually the ones who do the heavy lifting and make sure the society runs like a fine-tuned machine every day.

If poker didn't exist tomorrow, it is easily arguable that the world would be a better place. You cannot argue that it is a good thing for young educated people in any society to spend lots of hours pursuing poker. Millions upon million of hours are wasted on it, by people who could be spending that time on making the world a better place.
I think the best part about poker is profiting off someone else's loss. Almost as if you are implying that lawyer's don't rip people off or profit of someone losing. Sheesh. The only reason so many lawyers make nice salaries is because it is off the backs of honest goods producing American's via inflation. It is a transfer of wealth to the non producers. And there are too many of them and too many wanting to be them.

You said it yourself we are becoming a service based economy and don't make anything anymore and the country is deteriorating. So what is the difference between 100 able bodied mid 20's kids pursuing a law career and 100 able bodied mid 20's kids pursuing the poker dream? They both don't produce anything of value. So I don't see much difference at all. One is at a table playing cards and the other is arguing or doing endless paper work. If you find that fulfilling, fine, I don't really care, but don't try and pretend lawyers don't screw a lot of crap up in this country also and isn't a souless profession to a large degree.

Should all lawyers go away? Are they all bad? Absolutely not, but there are far too many kids seeking a career in law and too many lawyers out there who could do being plenty of other things providing real value for society, without making artificially high incomes off the backs of others. Only 2% of high school grads go to vocational, tech, trade schools. That is embarrassing and it was still only 10% of high school grads in 2000.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 03:52 AM
Quote:
Originally Posted by dreddy
Any and every other form of poker is just a cheaters paradise. It is theoretically NOT POSSIBLE to ever set up a poker game that is not vulnerable to cheating.
Give me a break. Compared to what? The joke, rigged, and scam stock market or futures market?

At least at a poker table you know your pre-calculated odds going in. Playing with money in the market would be like playing baccarat where the shape of the dice changes with the numbers changing as well while it is in the air.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 04:02 AM
If you have to live grind it out, definitely have a plan and motivation to move up in stakes. 2/5NL 30 hands an hr, to me that's like watching paint dry. If you gotta do it, aim high, to play 25/50NL + live.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 04:28 AM
Quote:
Originally Posted by WorldsBiggestNit
It is also a total mind****. I definitely couldn't feel as happy about things that I used to because your brain just learns to moderate highs and lows even when you don't want it to.
This. I dont play for a living but I play pretty good volume as a semipro while in college and wow do I find this to be true.

On the plus side I dont feel angry about things that used to make me angry.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:10 AM
Quote:
Originally Posted by Masakik
If you have to live grind it out, definitely have a plan and motivation to move up in stakes. 2/5NL 30 hands an hr, to me that's like watching paint dry. If you gotta do it, aim high, to play 25/50NL + live.
This, and have some work ethic. Lots of pros have none and live super unbalanced random lives. Try and approach it like a business. Perhaps this is easier for those who actually had at job before poker, and know what professionalism means
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:13 AM
Quote:
Originally Posted by z4reio
I suppose those that don't mind are the same people that don't mind looking at lines of code all day at 65, being a cashier at Walgreens at 75 or that 90-year-old Walmart greeter?

Why on earth do you think people that have been playing the game for 30 years "won't mind" playing when they're in their "later years" just because they're profitable?

I'm guessing you're not even a winning player because only a losing player would think, "Hey, it's gotta be cool being a Q-tip making some money sitting around a poker table waiting to die."

**** that ****.

Like I said, I will continue to play during the series, but that's it and it won't be for the love of the game.
There are people who look at retirement as waiting to die. You have never met anyone who wants to work their whole life and not retire?

Last edited by batair; 11-18-2012 at 05:16 AM. Reason: Also insert jpg of Doyle
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:14 AM
Quote:
Originally Posted by batair
A lot of people look at retirement as waiting to die.
No ****. You want to do that at a poker table?
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:18 AM
Quote:
Originally Posted by z4reio
No ****. You want to do that at a poker table?
No id like to nothing for the rest of my life right now. But im not so unimaginative to think some might.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:21 AM
Also i changed my post a little if you want to yell more.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 05:42 AM
Quote:
Originally Posted by 2OutsNoProb
I have played for 11 years now, with 98% of it live, in home games, casinos, and most of the underground clubs in the biggest metropolitan area in the US. I have yet to meet a single person who has been able to verify that they played 1/2 NL live as their sole means of living an adult lifestyle for any lengthy period of time.

Since you mentioned a figure hypothetically:

Someone playing 1/2 40 hours per week, all 52 weeks, at $20 hourly, would bring home $41600***. That's a ton of play, at a very high hourly for that game. Tough to imagine that you think there are a lot of people doing this, and that figure still doesn't even come that close to the bottom end of your $45-$60k range.

***$41600 would be take-home assuming the person wasn't declaring, which they undoubtedly wouldn't be. This would be the equivalent of $55k, $60k in "legitimate" taxable income (perhaps someone can figure out the exact figure) if you thought of it in those terms, so to be fair, that falls within the range you provided.
You realize that the poverty threshold is $23K for a family of 4 and that 45 million people are in it, right? So it's really not unreasonable for a young single person to get get by on $41K.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 07:41 AM
this is a good read. easy to make 100k plus at crown casino here in Melbourne
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote
11-18-2012 , 08:53 AM
Quote:
Originally Posted by 4+EVer
I love all the replies, " haha playing 1/2 live" "lol at 1/2 professionals" etc, etc

keep thinking no one makes a comfortable living playing 1/2

45-60k a year is not a pipe dream
complete pipe dream. and if you somehow do pull it off, sweet life grinding poker 60+ hours/week w/ no social life.
Are there any Live Poker Pros That Don't Regret Their Decision to Play Professionally? Quote

      
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