Quote:
Originally Posted by RalphWaldoEmerson
The thing is...if I felt like I could make a good living playing poker and made that my plan for the future, I would feel like I should be practicing poker as much as possible. This would mean:
- Finish my degree
- re-locate to an area that has a relatively low cost of living
- Get a part-time job (25 hours/week) that pays a decent wage, say $25/hr. Ideally this job would involve minimal time commitment outside of work hours and minimal stress that would affect my thoughts and moods outside of work.
- Play/practice poker 40 hrs/week.
- Rinse and repeat until I've built up a large bankroll and have a good hourly over a significant sample (idk what this is tbh, 100k hands?)
This plan is in contrast with what you seem to be proposing, which is working 40 hrs/week and playing poker 15-20 hours on the side.
The upside to your poker journey is:
- if poker doesn't work out for whatever reason, you still have your full-time job and all your work/business contacts in your field of expertise
- much more financially conservative
- probably much easier to have a girlfriend/wife (boyfriend/husband) and family this way
But the downside is that it might take you five years to be good enough at poker to go pro. In my plan, I'd be trying to get there within 2 years. My (hypothetical) plan would require a lot of self-confidence, I know...
Well, for me it took about ten years, but I was also playing 75/150 limit live at the time and games on Planet and Paradise until Party came around. It also was 2002 when I left my job, so the games went from having a decent win rate against good players (relative for the time) to having
amazing win rates online.
I had no aspirations to play for a living; then the boom happened and it was a birthday party everyday with the gifts being bales of cash, so we discussed it many times and came to the decision after the games just kept getting better and better and more and more players were being brought to PartyPoker via Sexton's .COM commercials.
Having 5+ players to the flop in the biggest game on Party at the time (30/60 limit),
24/7, was a money tree bearing endless fruit. Then Moneymaker hit the following year, and things got sick crazy good.
Since I can't play online, where are these super loose games online now? I dabbled in NL when Party started to first open these games up, and I remember open shoving a full stack with AA utg in a 100NL cash game for the **** of it and got called in two spots by KJo and a crappy suited paint like Q3s or Q4s. I don't even think anyone heckled in the chat because most of them probably thought they were reasonable calls.
The amount of time I've put into the game to evolve with the online games over years, I couldn't imagine one wanting to put all that time in just to get
started at doing it for a living.
Basically, between 2000-2006, it was a viable alternative for many as the job market (poker) was very promising, even for white collar workers. Today, it's more like getting a medical degree.
Can some of you young tykes tell me what is the attraction with wanting to do it for a living, and I'll tell you if your perception is accurate.