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*** The 'Should I Be A Pro Poker Player Thread' *** *** The 'Should I Be A Pro Poker Player Thread' ***

04-18-2013 , 12:09 PM
It is totally fine to be a beginner. It is OK to start out, be new at something, and want to get better. The amazing part is to go from that to snap "quitting my job and going pro". Over in Small Stakes I think most people wanting to play full time don't get it. Those people have a few hundred hours of winning under their belts. This is just ridiculous. Go dig up Mikes007's well. He's really good at poker, imo. If you aren't in that league, don't consider it.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-18-2013 , 01:11 PM
Dont quit your day job.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-18-2013 , 01:32 PM
Quote:
Originally Posted by DougL
It is totally fine to be a beginner. It is OK to start out, be new at something, and want to get better. The amazing part is to go from that to snap "quitting my job and going pro". Over in Small Stakes I think most people wanting to play full time don't get it. Those people have a few hundred hours of winning under their belts. This is just ridiculous. Go dig up Mikes007's well. He's really good at poker, imo. If you aren't in that league, don't consider it.
+1 to this
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04-18-2013 , 04:57 PM
Can we please have a sticky related to this?
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04-18-2013 , 07:06 PM
Quote:
Originally Posted by djkelly69
Apart from all of the flaws in your plan mentioned above, I don't think you can transfer a personal loan to a credit card. Unless you do a cash advance, which almost never qualifies for the low interest rate, so your budget gets blown out.
.
Incorrect. Yes i can do that. The way you do it is get a loan from any bank of 20k at any interest rate. Make sure you can pay off the loan early. Then transfer your loan to the citibank offer. Which the loan will be transferred to a citibank credit card. http://www.citibank.com.au/TV/
If you use the credit card at all then you will muck up the interest rate and it will go to 21%. Otherwise if you just pay off the 20k in 15 months the interest will only be 1.9%. You dont have to pay it off. It just goes to 21% interest after the 15 months. Basically they give you a credit card of 20k limit at 1.9% provided you dont use that credit card. Obviously they make money by relying on people to either use the credit card or not pay off the loan in the 15 months. either way they will get the 21% interest rate.

Quote:
Originally Posted by DougL
Out of curiosity, how many engineering jobs have you tried? Did you pick the one you had based on potential enjoyment, or based on maximizing something else? As a long time engineer, some jobs are better than others. Personally, I've had several amazing jobs and wouldn't trade the profession for anything for much of it. Maybe your problem is working in big companies, and trying a startup or smaller outfit would help. Maybe engineering isn't for you, but doing something related would be fun -- FAE jobs let you meet lots of people, the work is different every day, and you get to help people out without getting bogged down in day-to-day grinding. It could be easier to find a job you enjoy than to start a new profession.
Like Denks, I've played for income when consulting work was slow. Making your hobby into your job tends to kill off the parts that excite you about it. Even in NL, small stakes games don't require expert reading skills and psychology -- you need good poker fundamentals, tilt control, and money management >>>> soul reads. After playing 40 hours a week for two months, your excitement of the expert calldown will be replaced by anger at not having rent after that idiot accidentally value bet bottom pair into you. Then you go home cursing that you didn't bluff him off his bluff with your too-weak bluff catcher.

It just seems like your trading a decent job that tons of people enjoy for a pretty meh one that many people who have it hate. I know this is a limit blog, but just translate it into someone playing 5/10NL for a living. Read it, especially for the pain. Here's my poker buddy Jesse and his shot at giving up the 9 to 5 life. Start from the beginning and read the painful parts carefully.

If anyone has a small/mid stakes NL version of this, I'd love to see the link. Jesse's blog is great b/c it is so raw and shows off the hard parts of the life well.
I graduated from University of Auckland and times were really tough the year i graduated. So i was only offered once position and that was to work in an oil refinery. NZRC. i ended up taking the job and i spent 3.5 years there. Then i came here worked for Shell and now working for BP (altogether spent 9 months here in Aus). So my total experience is just over 4 years. The work is all the same. Working in downstream oil/gas sector. It was fun for the first year or so when i was learning heaps and finding out heaps but now its just boring. It doesnt give me any excitement. You are totally right about working for big companies. I think it will be more fun working for a small company. But at the same time i think both have their pros and cons. I know people who work for small companies and they say they would love to work for big companies the way i tell them about my experience.
Nonetheless i am going to work with my brother to help grow his business. I will enjoy that as there is a lot of flexibility and i will be my own boss. That idea excites me a lot.

I would love to work for a construction of pipelines in QLD or WA providing tech advice. i think that be more fun than what i have been doing. But again i just dont enjoy the field. The only good thing is you get paid well. I can get a 100k job fairly easy and if i am prepared to live a ****ty FIFO life or small town life then i can even get 150k. I kinda turned down 140k to go to perth couple of months ago cos i didint wanna go to perth and stay in Melb as i had a job in Melb at the time and wanted to keep playing poker on weekends at crown. Now looking back 140k job looks pretty sweet.

Thanks a lot for your input. I like hearing from fellow engineers who are also poker players.
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04-19-2013 , 01:53 AM
LOL

Turned down 140K gig.
Wants to take 20K out to fund professional bankroll.
Played poker for 6 years and broke.
Thinks he can get a 20K unsecured loan when broke.
Thinks he can transfer 20K without fees to credit card when broke.

=

Trollhollio...

On a positive note, about time there's been a, "I wanna go pro but I'm 14, broke and living with my parents" containment thread.
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04-19-2013 , 02:29 AM
Quote:
Originally Posted by Cry Me A River
Is it better to be a dentist or a lawyer?
I suppose the point of your question is to find which is preferred ... ?
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 03:42 AM
Fyi to anyone thinking of asking If they should go pro, the default answer is "If you have to ask then the answer is NO! And it's not even close"
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 03:51 AM
Quote:
Originally Posted by anau006
Hello All,
I am thinking of going pro. I would like some advise. It’s a big life decision I am making so I need some solid advise. I don’t expect my friends to support my decision so I am here asking fellow poker players.

Background info on me: I am qualified Mechanical Engineer with 4 yeas of experience in oil/gas. I just got made redundant at my current job in Melbourne Australia. Its very hard (practically impossible) to find a job in my field in Melbourne. I can find a job easily in Perth or Brisbane. I currently have no savings. I have also signed up an apartment lease with a friend in Melbourne and the rent will be $1500AUD per month per person. I am assuming all my other expenses to be $700AUD per month and hence total expenses to be $2200 AUD per month.
I am 99% sure I can get a job within a month in Perth or Brisbane paying 100k+ easily. I have initially turned down close to 140k+ paying job.

I don’t play online poker much. I have played on/off without any success. I want to start playing online as well. I want to play online with very small stakes and build up from there. But initially my goal for online would be just to learn and play a lot of hands to gain experience. I would assume most of my profit would come from live.
I am prepared to play any number of hours.

Poker background: I have been playing poker for about 6 years. I consider my self a better live player than online. I believe I am good at reading people and I play good TAG game. Crown Melbourne is very very soft. I think it’s fairly easy to make money even with high rake. Not sure how much though.
Not much experience playing online.

Info on cash games in Crown Casino Melbourne:
$1/$3 No Limit Holdem (Turbo) (Buyin $50-$200). Rake: ($5 seat fee, 10% 12$ cap)
$2/$4 No Limit Holdem (Buyin $200-$400). Rake: $5 seat fee, 10% 12$ cap
$5/$5 No Limit Holdem (Buyin $300-$700). Rake: $10 seat fee, 10% 10$ cap


My plan: Get a $20,000 loan from my bank and transfer the loan to the Citibank offer at 1.9% for 15 months. My minimum payments will be very low as it’s a credit card and after the 15 month my loan will go to 21% interest rate.
So basically the loan would be at 1.9% PA interest rate for 15 months only.
My plan would be to pay off my loan in 15 months and have a bankroll of 20k of my own.

The numbers per month would come to:
Loan repayments of approx $1400
Expenses: $2200
Bankroll build up: $1400

The total profit I need to make per month on average for 15 months to achieve all that is: $5000 AUD

Worst case scenario:
I loose all my bankroll and I am broke. I can get a job in Perth and move there. Then pay off my loan. I will also have to find a flatmate for my current lease in Melbourne as well which shouldn’t be too hard.

So that’s my plan or that’s what I am thinking of doing.

Questions I have:
1) Is it s good idea? Why and or why not?
2) Is it doable? Anyone comments from grinders at Crown Melbourne would be much appreciated
3) What stakes should I play?
3) Should I concentrate on online more and live less or vice versa.
4) What are your thoughts in general? Should I do this? Do you have better suggestions that I can look at. Better way of using the 20k bankroll in or out of poker.

Please feel free to ask any questions and any info I might have missed.

Cheers
AK
Dude, what are you doing? Seriously, ride the wave that is currently going. Hit the mines in WA, SA and QLD. Some of these places are doing the sickest shift rosters ever. 8 on, 6 off. How can you complain? You dont spend while you're there and you come back and grind as much as you want, EXCEPT when you run bad, you still have a sick as **** backup income.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 05:46 AM
Assuming the idiot wants $100,000 annually

$100,000 / 12 months = $8,334 / month

$8,334 / 4 weeks = $2,084 / week

$2,084 / 5 days = $417 / day

An average job is 9 - 5, so that's 8 hours a day. But f*** 8 hours of poker a day imo, let's make it 6 hours. Even 6 hours is BLEH but w/e

$417 / 6 hours = $70 / hour

However you want to get to $70 / hour depends on your choice of game. Live. Online. 6 max. Full ring. Tournaments. SNGs. Whatever.

A good win rate is 1bb - 4bb / 100 hands
An outstanding win rate is 5bb - 9bb / 100 hands

Hands per hour:
Full ring: ~45
6 max: ~90
Heads up: ~120
LIVE full ring: ~27

Converting an "outstanding win rate" of 7bb / 100 to bb / hr
100 hands is a little less than 4x the hands you get per hour at a live table
so 7bb / 4 = 1.75bb / hour
--> 2bb / hour

Stake required to win $70 / hour at 2bb / hour:
$20/$40

Obviously this is pretty hard and it's "easier" to accomplish online when you consider multi-tabling, not having to tip or drive to the casino, bumhunt more effectively, note taking and hand reviewing, etc.

45 hands at full ring / hour for 7bb / 100 win rate = 3.2bb / hour
$70 / 3.2 = $22

Stake required to win $70 / hour at 3.2bb / hour:
$10/$20

One thing though - Even though the stakes are one level smaller, online poker is MUCH harder... BUT you can play multiple tables at lower stakes to meet the same $/hr quota
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 07:40 AM
Quote:
Originally Posted by TensRUs
Assuming the idiot wants $100,000 annually
I hope you feel superior now

This is the beginner's forum. Play nice.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 07:50 AM
Haha it's not like it was directed at anyone in particular, and the calculations following that statement imply why it's a silly thought to attempt to become a professional
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 09:51 AM
Quote:
Originally Posted by TensRUs
following that statement imply why it's a silly thought to attempt to become a professional, unless you're an established and winning mid-stakes player
fyp

There are other considerations that might make you go pro sooner. You might be so socially maladjusted that you can't actually hold down a day job. You might have a rich wife or trust fund that makes BR considerations lolcakes. There must be others... maybe you can make >> 2x as much playing small stakes as any other job available to you, and you enjoy poker more than that job. In the last case, you should also have a path to the mid-stakes in the not-distant future.
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04-19-2013 , 10:00 AM
Isn't the point of this thread to remove the idea of becoming a pro to new posters, which are presumably new players? lol
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04-19-2013 , 12:19 PM
There are actually a few long-term pros who post here in BQ. Despite luckboxing OK results in mid-stakes games, that doesn't include me, btw.

Quote:
remove the idea of becoming a pro to new posters
If someone showed me a nice graph at NL100, NL200, and NL400, but posted here, I might say different things. Strangely, that doesn't seem to happen.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-19-2013 , 12:50 PM
Advice from a Digest Article wrote here a while ago, and this has some weight:

While most of us reading this aren't Professional Poker Players, we are aware of the time, effort, and financing it takes to get there, but nothing screams legitimacy than hearing these things from the horse mouth.

I'm lucky enough to have several known poker players as "friends" on social media sites (sick brag I know), and I thought, "Why not just ask?" So I did, this article is going to be the sum of the gems of wisdom I was given by these players.

The first response was from Neil Channing, internationally renowned player, and a key player in bringing on new talent in the UK.

"In reply to "should I turn pro?"...
I wouldn't totally recommend it. Around 15% of poker players won money in 2011. Out of those probably about half of them didn't win in 2010 and won't win in 2012.
Now if we look at the ones of those eight percent who won more than £15k, we may be left with 3%. That means you can be in the top 10% in the country and maybe the top 5% for something and not make the average wage.
If you're dedicated though and you work and apply yourself it is possible though.
Internet poker makes it very easy to be your own boss and pick your own hours and live poker makes it possible to travel the world visiting nice places and possibly winning lots of money. It's pretty exciting.
If you want to do it I would urge you to always be working on your game, get coaching, watch training videos, discuss hands, read strategy and really think about the game.
I then normally go on to say that if you want to do it anyway, you should realise how lucky you are. For players starting today there are just so many more aids. There are sites like my own, Black Belt Poker, where you can hang out and chat about hands, meet up with other players, talk strategy and learn from each other. Other great sites like Pocket 5s and 2+2 can teach you so much.
Training sites like Bluefire Poker, Poker X Factor, Cardrunners and Deuces Cracked are all excellent and it's mad to not benefit from them.
There are so many more articles in more magazines, and lots of really high quality books around. You should just always be reading and absorbing.
Basically it is all a ton of hard work.
Like the man said:
"It's a tough way to make an easy living."


This got the conversation moving, and next to input was Nick Abou Risk, double UKIPT winner, and a former Poker Software Developer.

"I think Neil gave a pretty good response. I think guys should be consistently making more from poker part-time than in their full-time job and have several years (5-10) worth of living expenses saved up (instead of the old suggestion of 6 months...) before going pro. I think Neil gave a pretty good response. I think guys should be consistently making more from poker part-time than in their full-time job and have several years (5-10) worth of living expenses saved up (instead of the old suggestion of 6 months...) before going pro.

I did call out Nick for being overly nitty, and Max Silver (2 WSOPE Final Tables in 2011 and 16th in 2012's main event) certainly agreed with that assessment with some light hearted banter.

What everyone agreed on was the need to have a solid Bankroll Management Structure in place, and to err on the side of caution, ensuring that you have your expenses covered.

Andrew Ferguson (a very decent online tournament grinder) chipped in at this point commenting that with all the changes to Online Poker since Black Friday, people were still working out what is and isn't sustainable in the new poker environment, especially for those in the US with such limited access to action. But it's also a real issue for Euro players, with the French, Spanish, Italian player pools being segregated away from the general poker field.

Nick also pointed out that without a high degree of self motivation, and the will to put in the same amount of time as a "regular" full time job, both on and off the table, a new pro was very unlikely to improve, and be able to sustain a profitable record. He also added "If you aren't putting in much time, might as well do it part-time while working IMO."

With these guys really knowing what they're talking about, I'm more than happy to let their words speak to this subject, but I'll do my best to add in the TLDR version:

1. Most poker players do not make a profit, and those that do make less than a "regular" job
2. Self-motivation is paramount, if you aren't willing to put in the work and time, it's not going to work out.
3. Use the resources available, with coaching sites and forums there to offer advice and training, you'd be a fool not to use them.
4. A proper BRM is massively important, as is ensuring you have all your bills covered for a significant period of time.
5. In this volatile period in Professional Poker, no-one really know what is a sustainable win rate, or hourly earning. We will only know this in time.

If you are still interested in turning pro after reading this, you will most likely have a lot to get ready. Take it slow, and if you aren't earning more at poker than you are at your day job, keep practising, training and getting better, and if you are destined to be the next Phil Ivey or Tom Dwan, you will see it in your results. Get ready to take the dive into the deep end, and prepare for the worst, make sure you will have a roof over your head, and food in your belly even if you end up on the sickest of downswings.

If you've found this advice helpful, I've done my job, and given back to this community. If you feel you want to gve back to me, any donations to the drinks bill I've run up getting these guys together will be gratefully accepted!
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04-19-2013 , 12:56 PM
Nice post, Hippy.
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04-21-2013 , 06:15 PM
this is my question to grinders and grinders only.

I want to know what kind of a life do you lead, how many hours a day do you grind?

What do you do when you get bored playing ABC poker, what steps do you take to protect your bankroll,

any health tips to maintain good health.

How many poker sites do you enroll into?

When playing opponents do you try to find out who is a shark and who is a fish online?

How many of you had a job and would find it difficult to grind after it and thus left the job?
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04-21-2013 , 06:21 PM
You already have a thread you started here less than 2 weeks ago regarding playing poker for a living. Why another one?
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04-21-2013 , 06:34 PM
I'm not a full time grinder but used to play for hours a day in the past. I also don't make a living out of poker by far - used to grind 25nl/50nl
I'll answer your questions since I don't think a lot of full time grinders will answer your question; you can decide what to do with the answers ^^

I grinded somewhere around 3 to 6 hours a day during school days (yes school, no work), and somewhere around 12-15 hours on saturday and sunday.

When I got bored (pretty fast) I listened to some music, took a 15 minute break to watch some TV or something.

Proper BRM is obv. a must for grinders to protect a BR. I had some tillt issues every now and than so I limited myself ingame in the stakes I could play.

To maintain a good health just train regularly and eat healthy, as anyone would say. Just put a fruit bowl next to your computer where you can eat from; its healthy and tasty. Also a tip; excercise A LOT. If you're playing poker for hours, a quick 30 minute walk outside can clear up your mind and you'll feel as reborn, ready to grind another 4 hours!

I only play at PS

With tracking programs like HEM or PT its easy to spot the fish/regs etc. Taking notes is also important.

I didn't find it difficult to play after my school or job since I enjoy playing poker and wasn't financially dependent on my poker income. If you are dependent on your poker income, be sure to have a lot of bi's for the lvl you play so you can handle downswings mentally, you don't want to play with scared money.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-21-2013 , 08:27 PM
Quote:
Originally Posted by vjniel
How many of you had a job and would find it difficult to grind after it and thus left the job?
You've convinced me. I mean this in the friendliest way possible -- just quit your job and give it a go. If after being told a couple dozen times exactly how and why you shouldn't go pro, you need to rephrase the question yet again. Just do it. Don't make any bad decisions that will crush you long term along the way. If you run hot early, don't spend the money on anything frivolous.

Best of luck. All of the answers to your questions will become apparent soon. Some things you have to experience.

You have my permission, you are now a poker professional. Use the power wisely.
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04-21-2013 , 09:26 PM
anau you need to take out that 20k loan to be a pro and grind 1/2 instead of getting a job that pays 140k per year.
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-22-2013 , 12:38 AM
Quote:
Originally Posted by TensRUs
Assuming the idiot wants $100,000 annually

$100,000 / 12 months = $8,334 / month

$8,334 / 4 weeks = $2,084 / week

$2,084 / 5 days = $417 / day

An average job is 9 - 5, so that's 8 hours a day. But f*** 8 hours of poker a day imo, let's make it 6 hours. Even 6 hours is BLEH but w/e

$417 / 6 hours = $70 / hour

However you want to get to $70 / hour depends on your choice of game. Live. Online. 6 max. Full ring. Tournaments. SNGs. Whatever.

A good win rate is 1bb - 4bb / 100 hands
An outstanding win rate is 5bb - 9bb / 100 hands

Hands per hour:
Full ring: ~45
6 max: ~90
Heads up: ~120
LIVE full ring: ~27

Converting an "outstanding win rate" of 7bb / 100 to bb / hr
100 hands is a little less than 4x the hands you get per hour at a live table
so 7bb / 4 = 1.75bb / hour
--> 2bb / hour

Stake required to win $70 / hour at 2bb / hour:
$20/$40

Obviously this is pretty hard and it's "easier" to accomplish online when you consider multi-tabling, not having to tip or drive to the casino, bumhunt more effectively, note taking and hand reviewing, etc.

45 hands at full ring / hour for 7bb / 100 win rate = 3.2bb / hour
$70 / 3.2 = $22

Stake required to win $70 / hour at 3.2bb / hour:
$10/$20

One thing though - Even though the stakes are one level smaller, online poker is MUCH harder... BUT you can play multiple tables at lower stakes to meet the same $/hr quota
If this is in relation to the engineer, your estimates are wayyyy off.

Doing the work he would be looking at, it's 12 hour shifts and something like 8 days on and 6 days off.
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04-22-2013 , 01:58 AM
Wat?

I'm saying that mirroring normal work hours at a poker table is torture
*** The 'Should I Be A Pro Poker Player Thread' *** Quote
04-22-2013 , 02:04 AM
Quote:
Originally Posted by TensRUs
Wat?

I'm saying that mirroring normal work hours at a poker table is torture
And I'm saying that he wouldn't be doing "normal" work hours haha
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