Posts Tagged ‘playing poker’

Poker profit

Saturday, October 29th, 2011

I got into a little debate the other day with a friend of mine. We were discussing the money potential of various games. I pointed out that I believed that if you are a very very good player, specializing in heads-up hold’em could yield you as much as $1000/hour in today’s internet poker world.

This is what some Pokerstars regulars claim. If you have not opened an account, use a code bonus pokerstars to get your bonus.

Now, I don’t know how realistic that is, as I don’t play heads-up hold’em very much. But I know a few heads-up players, and given the limits that they run nowadays, I think it really is quite possible.

Few people can reach this level though. First of all, I don’t know the game that well, so I’d have to learn it. That’s probably doable. I wouldn’t be able to become the worlds best, but with hard work I think I might crack the top 5% of the current player pool. Since it’s not about playing the best players, but the worst, that’s not a huge problem. Another real issue for me is tilt. I just can’t help myself sometimes. Frustration mounts, and I start to make bad decisions. Sometimes it’s for a single hand, but sometimes it can last as long as 15 minutes. That’s a long time in heads up hold’em poker.

I’m not even going to get into bankroll. Suffice it to say, I just don’t have the cash on hand to play $500/$1000 heads-up hold’em with a small risk of ruin.

But the critical issue for me is that of game selection. I have a lot of friends who spend their evenings and weekends playing poker. That’s when the fish are disposing of the disposable income which they make during the work week. I on the other hand play during the work week. I made a choice long ago to only play during regular work hours for quality of life reasons. The world of heads-up games is a world of countless hours sitting around not playing, and waiting for the fish to show up. And if you aren’t at the table during prime time, your fish pool is going to be small. Personally, I play games that run nearly 24/7, and there are a sufficient number of fish even during the day to keep them profitable.

So it all comes down to making playing choices which are compatible with the lifestyle I want to lead. I want freedom with my time, and regularity with my play. Some might say that I’m not maximizing my EV by making those sacrifices, but I have yet to find someone who has not sacrificed EV for rather trivial reasons. Consider this trade-off, playing poker or exercising and eating right. One will make you money, but the other will allow you to live longer and extend your overall earning potential.

My online poker story

Saturday, October 23rd, 2010

Here is how I got more involved into online poker.

So after doing terribly in school my freshman year, the University decided I could go back, but they would no longer be paying for me. My parents don’t exactly make a ton of money, so they aren’t paying for me to go back. And with that, I have been forced into the life of a proffessional poker player.

I had quit my job back in April as I was sick of the long drive from school to home just to go to the job, and I could make more playing poker anyway. It was a really really great job for a kid my age. I was an assistant manager and projectionist at a small movie theatre.

Basically the other manager and I played chess and backgammon in the office, talked about whatever, listened to Benfica soccer matches on the radio, and got change for the employees out on the floor every once in a while. Oh well, enough reminiscing about my old job, this is a poker blog. This will be my introduction, the first results oriented post will be next. Let’s discuss the strengths and weaknesses in my game.

Strengths: Proficient at all games. Absolutely fearless. I think big. I have developed a pretty darn good tolerance for bad beats. And I know how to get good deals like the pokerstars marketing code 2015. Pokerstars is my favorite room, I also play a bit at Full Tilt and Carbon Poker. But pokerstars has incomparable traffic and game choices, so I almost always play there unless I am drunk.

Weaknesses: I’m too loose at full tables. I’m too aggressive at full tables. I am the laziest pro you will ever speak to. If I put in 5 hours in a day, that is above average. The number of hours I play each day is directly related to how many full house re-runs are on TV. Once playoff baseball is on TV, forget it. I can’t play $3/$6 limit or lower very seriously anymore. I can’t play .50/$1 PL and NL games very seriously anymore.

My take on putting in hours: I don’t stress my hours like I once did. If I can get in a solid 8 or 12 hour session and play well through the whole thing I do. If I can only play three hours or less at optimum concentration level then I play three hours. The important thing is that you sit down to play and function your best. Sometimes sitting in a room with some noise is best for me, even if it is TV in a language I don’t speak or some music, sometimes I need silence to focus on the task at hand. If the TV is a distraction, turn it off and turn on some tunes, if the music distracts you try silence.