As the title suggests, I thought it would be fun to do an AMA for the 2+2 community to see if I can provide some insight into what it's like being a successful low to mid stakes live pro for an entire decade. Admittedly part of my motivation is definitely a little bit of pride and vanity. Hitting this milestone of living off poker for 10 years is very exciting for me, and I admit I am proud of what I have accomplished, and I'm taking this time to reflect a little bit. I've come a long way in 10 years, from being pretty much broke to living a very comfortable middle class lifestyle.
I decided to stay anonymous which will definitely hurt my credibility, but hopefully the community will give me the benefit of the doubt, and this thread can be informative and fun for the people who find it. I'll give as much good detail as I can without giving anything away that might allow the people in my local card rooms to figure out who I am. I simply don't want that much attention IRL
My background
I found my first success in poker around 2009-2010 on Pokerstars before Black Friday. I wasn't making anything crazy, I think most months I made around $500-1500, which was a lot of money to me at the time on top of my regular low paying jobs.
After Black Friday that changed a little bit, I was trying to make money on the unregulated Merge Network, and I definitely made some money but it was quite a grind and not very fun.
Early 2013 I started going to my local casino to play 1/2, I think when I started doing this I had all of about $2-3K to my name. Thankfully I ran good, started off with several winning sessions, and quickly got to the point where I wasn't at serious risk of dusting all of it at this stake.
Prior to these casino ventures, I was working quite a lot of hours at multiple low paying jobs and just hustling for anywhere from 50-80 hours a week. Once I started making money at poker I scaled this down, and late 2013 I decided to quit to pursue poker full time, and the rest is history. At the time I still had under $10K to my name, so in hindsight it was very premature to quit my job, but thankfully I never had a downswing at that time and I was never in danger. In addition, I could've gotten my job back if I really needed it.
Anyways, from that point I worked very hard, eventually started to play 2/5 which is really where I cemented myself for a long time. Later on I would go on to play live MTTs, and sometimes play games bigger than 2/5, but 2/5 is really my meat and potatoes, and where most of my income has been made. Here is an approximate breakdown of where and how much I've made over the last decade. Since I'm talking total profit as a professional, I'll include all promotional earnings such as high hands. Naturally this is only a small portion of the total profit from cash games
1/2 and 1/3 games: $80K
2/5 and similar: $600K
Live tournaments: $200K
5/10 and similar: $30K
Bigger than 5/10: -$20K
App games during COVID (mostly 2/4 NL and smaller): $50K
Total: ~$940K
I also made about $30K in a successful staking and coaching arrangement, but that was a one-off investment for me, it's not something I really care to do in the future.
A lot of people, especially people with a big appetite for gambling, might be kind of incredulous that someone would stay primarily at 2/5 for so long, and I'm happy to elaborate on this throughout the thread, but my staying at this stake has a lot to do with the fact that initially when I took shots in games bigger than 2/5, I got absolutely destroyed. This includes 5/10, for a long time I was down a ton at that stake. Over the years I've game selected 5/10 more, and I'm now up a modest amount, and I'm also a lot more comfortable playing it, but for a long time the thought of moving up was very mentally draining. I'm still down a good amount at 10/25 or similar, as almost everytime I took a shot I got smashed.
Another reason I stayed primarily at 2/5 cash is that I started branching out heavily into live MTTs, and I wasn't keen on doing tournaments and bigger cash at the same time. I was drawn into them by how ridiculously soft the fields were, and also the allure of a big payday. Some years my split between cash games and tourneys was pretty close to 50/50 or 60/40, although lately I have scaled down my tournament play for a number of reasons.
Overall, my tournament results have been decent, but I also think it's fairly likely that my net worth and overall poker profit would be higher if I had never played them and just focused on being a pure cash player. No regrets though, I think becoming proficient at tournaments has improved me as a player, and there is also a lot to be said for the fun aspect of getting to play different formats, having the opportunity to make life changing money in just a few days, and so on.
Another thing for people to consider regarding which stake to play: I think if you're doing everything properly, including paying taxes, enjoying life, investing your money in stuff like retirement, it probably should take a lot longer to move up than most people realize. If you make $100K in a year at 2/5, you pay your taxes, max out your Roth IRA, pay all living expenses and maybe take a trip or 2, you really don't have a ton left over to add to your bankroll.
Overall I'm pretty happy with my risk profile as a pro. the 2/5 games, despite what some pessimistic mediocre regs might tell you, are still spectacularly profitable, whereas games bigger than 2/5 can vary dramatically, and very often, at least in my part of the country, are extremely reg infested. I definitely want to take a few more opportunities to play in them moving forward, as I do think I can increase my hourly even further, but also I don't mind if the next 5+ years of my career are still primarily at 2/5. I honestly would not be surprised if eventually my 2/5 profit exceeds $1 million dollars, which is pretty bonkers to me. How many people do you think have made a million dollars in public 2/5 games in the US? I feel like the number has to be crazily small, like under 5 or 3. I'm not there yet, but it seems likely, as I have no designs on a career change!
Some fun facts about my career:
Best year: ~200K
Worst year: ~30K (was pretty early on, and was largely from bricking tourneys and lowered cash volume)
Biggest cash pot won: $11K (not that impressive)
Biggest cash pot lost: Also about $11K
Biggest tourney win: Just under $100K
I'll link my 2/5 results that I have in my current tracker. It is not the entirety of the results, as I have switched apps a few times. In total I think I've played about 10,000 hours of 2/5 , but it gives visual to my general profitability as a player
Anyways, those are the cliff notes of my story. I'm hoping to drum up some good questions that I can field and provide some value to this community. I welcome most questions, whether its how my income has varied year to year, lifestyle, BRM, mental game, taxes, investing, or anything else.
Thanks for reading!