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General Poker
poker money vs living money
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[QUOTE="Dantigua, post: 1114066, member: 41410"] The figure that I have heard quoted many times is that the top 5% of poker players are making a living from playing poker. With the next 5-10 showing a positive ROI, but we're talking about winning only slightly. Most poker players don't track over time their sessions or only remember the winning ones. I have just started down the route of playing poker to make a living..... rule number 1: make sure wherever you play u can beat the game. I'm lucky, I live in a country where playing poker is popular... but playing poker well is a rarity and I am clearing $1500 a week. A previous poster recommended wife control the money and 1 buy in... i agree with the wife controlling part (not my wife though... she is just as extravagant as me!!!) but i don't agree with the 1 buy-in. If you bust out.... you have to buy back in and be prepared to do so..... because just as 1 player can take you out.... the swings will mean that you also will get a hand to double up. I suggest if you're being cautious to accept 3 buyins lost in 1 session as the maximum. When I play, I always buyin enough to cover the big stack on the table. For example... I played last night at a casino I regularly play at. Table was 50/25 (Trinidad $ - so that's roughly 8/4 - much bigger than what I would play in Vegas... but the game here is different so I can handle it) Minimum buy in is $1000 and most are only buying in minimum. I bought in for 4000.... there were a couple of stacks around this so I wanted to be able to go up against them if necessary. A little way in, I was about 1000 down and some big pots had a few other players up to about 6000. I added another 2000 to my stack. So the equivalent buy in for me now in US$ is $1000 (6:1 TT$:$US). After several hours of nothing I was down to just over 3000, so I am 3000 behind. I was considering calling it quits because I had lost half of my allowed buy in money. Then in the space of 20 minutes and 2 hands I had almost $9000 (US$1500). I ended up cashing out TT$8400 having bought in for 6000. This is the way it goes... you have to be patient and you have to stick around for the hands. I can't count the number of times that I have been so far behind then in the space of a few hands am all of a sudden turning a good profit. What if you sit down with your 1 $200 buyin and on the first hand end up all in pre-flop with Aces against Kings and lose to the set of Kings? Will your husband leave at that point? It doesn't make much sense. Interesated to see what everyone else thinks. [/QUOTE]
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