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#141
08-31-2005, 04:43 AM
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Re: Should You Quit Your Day Job? — Part I
the best players in the world have been to the poorhouse and to the playboy mansion so many times because they have a healthy disregard for the value of money. They have a true gambling spirit. Your average internet pro does not have the balls, brains, or gumption of Doyle or Slim. But a lot do have decent bankroll management skills, and a lot are becoming damn fine poker players seeing hundreds of thousands of hands a year. There is no reason to assume that every internet pro will have the same gambling spirit of the all-time greats, but this doesn't mean they can't be successful. We are entering a new era of poker, one that none of us fully grasp or comprehend yet. Dr. Al, I applaud you for trying. None of us know if this boom will last, although I don't see it dying anytime soon. All of the teenagers will go to college with daddy's money to play with and lose, many other parts of the world will pick up on poker, and I will continue to grind out a living for the next few years, as will many of us small-time "internet pros".
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#142
08-31-2005, 04:46 AM
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Re: Should You Quit Your Day Job? — Part I
I disagree. I think that actually the lower someone's actual "hourly rate", the higher the incentive to go pro. With an adequate bankroll and a few months savings, the disciplined have no better time than now to jump in the waters. If you are a college student and go broke, go back to flipping burgers. If not, you will probably be making double or triple your old hourly rate with very little actual work.
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#143
08-31-2005, 03:50 PM
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Re: Should You Quit Your Day Job? — Part I
[ QUOTE ]
Playing poker may never really have been meant to be a life-long profession. [/ QUOTE ] A top online poker pro will play more hands in 1 year than a B&M pro will play in his entire lifetime! [ QUOTE ] There's plenty of ways to start with nothing and end up with something. In poker, you're a favorite to end end up with nothing- even if you start with something. [/ QUOTE ] The poker world has changed, radically due to online play and everything that comes along with that. Success in poker by the determined, is now a reasonable alternative to starting other home based businesses. [ QUOTE ] After 20 years of sitting at a poker table listening to baseball, basketball, football, hockey, tennis, boxing, golf, etc. picks (locks), the limit hold'em grinder becomes a gambler. [/ QUOTE ] The successful online poker pro is not sitting at a table listening to anything other than whatever music they happen to be playing in the background. The psychological aspect of becoming a "gambler" is obviously something that any online player will have to deal with, but the successful players will maintain a "grinder", rather than "gambler" attitude. [ QUOTE ] So, would it be fair to say that 5% beat work (make as much or more than they would in the workforce)? [/ QUOTE ] Online poker play hasn't been around long enough to determine reliably the percentage of online pros that can "beat work". However, like any other decision to start a home based business, rather than work in the corporate world, earnings is not the only issue. Most people who are successfully working their own business from home will tell you that money is not the only relevant factor. [ QUOTE ] and your lotto habit now seems justifiable. [/ QUOTE ] There goes that "gambler" mentality again! Success in online poker is much more likely than hitting the lottery! [ QUOTE ] Kids play video games for a month and never look at them again. [/ QUOTE ] This is wrong on many counts! There are many dedicated gamers who have been playing video games for decades! Game developers release games not only for "kids", but also for the video game generation now in their 30-40s. [ QUOTE ] there is also little evidence that someone can retire on middle limit live games at casinos over the past 40 years [/ QUOTE ] This goes back to my first point, you can play more hands in 1 year online, than you could in 40 years of B&M play. [ QUOTE ] In such a period of dynamic demand, no common man is safe from greed, collusion, and brigandage. [/ QUOTE ] We are not talking about the "common man"... we are talking about a dedicated player treating poker as a business, and taking all necessary steps.... to research, practice, evaluate... and ultimately improve their game.
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#144
08-31-2005, 09:56 PM
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Re: Should You Quit Your Day Job? — Part I
[ QUOTE ]
The explosive growth of poker cannot go on forever. At some point the fad will end and poker will either return to relative obscurity or become something like bowling--solid and permanent but not booming. [/ QUOTE ] The growth can't go on forever, the popularity can. (At least for a very long time). Don't confuse the two. It's not unreasonable to think poker will remain popular for the forseeable future. And it has potential to become much more popular, think of all the people from foreign countries on H1-b visa's that are being exposed to poker in the US. Poker has a lot of potential to grow in Asia, (India, China, Pakistan...etc).
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#145
09-01-2005, 08:39 AM
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Re: Should You Quit Your Day Job? — Part I
[ QUOTE ]
the best players in the world have been to the poorhouse and to the playboy mansion so many times because they have a healthy disregard for the value of money. They have a true gambling spirit. Your average internet pro does not have the balls, brains, or gumption of Doyle or Slim. But a lot do have decent bankroll management skills, and a lot are becoming damn fine poker players seeing hundreds of thousands of hands a year. There is no reason to assume that every internet pro will have the same gambling spirit of the all-time greats, but this doesn't mean they can't be successful. We are entering a new era of poker, one that none of us fully grasp or comprehend yet. Dr. Al, I applaud you for trying. None of us know if this boom will last, although I don't see it dying anytime soon. All of the teenagers will go to college with daddy's money to play with and lose, many other parts of the world will pick up on poker, and I will continue to grind out a living for the next few years, as will many of us small-time "internet pros". [/ QUOTE ] Building on Montechristo's point... Why do people insist that having the gambling 'balls' of Doyle or Slim makes you a good poker player? Does betting $10,000 on a round of golf mean you have the 'balls' to be a good poker player? No, it probably means you're a dumbass. Just because a lot of the greats of the 20th century happened to gamble compulsively does not mean it's a necessary characteristic of becoming a winning poker player. It's correlation, not causation. Skills like bankroll management, discipline, and patience are way more important to being a successful poker player (at least online) than 'gamble'.
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#146
09-05-2005, 01:58 AM
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Re: Should You Quit Your Day Job? — Part I
[ QUOTE ]
I think there's a major positive factor that I haven't seen mentioned anywhere and that is the ability to live ANYWHERE there is an internet connection. I can see it now - living on a perfect pointbreak in Bali, surfing my brains out in the morning and then 'working' on my pc when the wind turns bad...mmmmmmmmmmmm [/ QUOTE ] I'm suprised I don't see this mentioned more. The overriding factor for me quiting my day job was the ability to move closer to family. Now my 4 year old can see his grandparents more than once a year.
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