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Year end results

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NewbSaibot   United States. Oct 06 2016 03:34. Posts 4943
So it has been year since I moved to Florida to pursue live poker as a career, and here are the results -



While I'm proud of the results, I am ashamed of the volume. A paltry 711 hours for an entire year, which translates to roughly 25k hands, or about what some of you probably put in a month. What happened? Well a few things. For starters there is definitely a basic work ethic problem here. Quite simply I am a lazy person and was essentially doing the bare minimum at all times. 2 hours sessions, 4 hours if I'm lucky, going in 3-4 times per week, that sorta thing. Some of it was onset by MUBS (Monsters Under the Bed Syndrome), a result of one too many bad beats putting me in a psychological funk whereby I am scared of the next suckout, so I just leave early and dont even play some days. Despite my winrate I was under constant fear that it might all come crashing down, so I kept "quitting while I'm ahead".

I was also paranoid that if I failed to meet my monthly nut that I would spiral downward into bustoland as I became paranoid about my ability to self-sustain from poker, so whenever I would hit 4-5k/month I'd just "quit on a high note" sort of thing. I knew from the beginning this would be a recipe for disaster because I was basically making only what I needed to pay the bills without saving anything behind. I set myself up for failure by having to consistently show profit every single month without having any downswings. But when you're on a paperthin bankroll any losing month is going to crush your confidence so you always feel the need to look like you had a winning month.

Finally the third biggest culprit was simply living way outside of my means. I recognized that earning 4k/month tax free was the equivalent of having a 75k salaried job without taxes, so I lived as such. I bought a sportscar, semi-luxury apartment, bunch of furniture and stuff to decorate, and of course dropped a lot on pussy. I met this girl while I was down here and in an attempt to impress her I just overspent on dates and stuff. I was paying $125 every 3 weeks to get her hair done, going out to dinner like 5x a week, bought her some clothes and boots and stuff, and even owned 2 cars for awhile to let her drive my spare.

How did I do all of this on 32k? Easy, credit cards. I've always had good credit so I had about 35k or so available to "spend", and spend it I did. Basically every single bill went on credit to preserve my bankroll. I always kept 10k in the bank just in case. Well that "just in case" moment has come knockin. Now that my credit cards are maxed and I finally went on a nice breakeven stretch I've had to tap the roll for finances. As a result I now only have 5k left to my name and have had to cease playing live poker.

What does one do with 35k debt, 5k in cash and no job? Well he goes bankrupt obviously. My next step from here is one of 3 things. I'll either stay unemployed in FL long enough to declare bankruptcy and get a normal job, spend the last of my roll on a shitty used car and get a roommate to slash expenses. Hopefully instead of needing 4k/month I will get down to about 2k/month which I think almost any job can cover. However I'm not quite sure if I can rebuild a roll on such limited income. If not, then I will probably move back home and live with the parents for a few months to avoid paying any rent at all, get a job there and try to save up another 10-15k within half a year or so and take a shot again, except this time I'll do things right. I guess I needed a good kick in the ass to recognize what it takes to actually live as a poker player. While my volume is low I think it's safe to say I'm beating these games and should continue to pursue the endeavor. Maybe I wont be at $40/hr after the next few years but surely $25 or so would be a good estimate for a very modest average minded player such as myself.

In the meantime I have one last trick, and thats to try playing online a little. You see I play 2/5 live, and I'm not sure 2/2 is beatable with rake/tips/gas/food etc. However with Ignition poker accepting bitcoin transfers I might be able to take a shot at NL50-NL100 and earn enough to survive the bankruptcy process while paying for rent and food until I lose my car and get all my debts cleaned. I've really enjoyed my time as a poker "pro" and would only continue if I was a proven winner. I just need to be a responsible winner. The good thing about bankruptcy is that it's actually probably a pretty good time in my life for it at the moment. I'm 35 now and the red flag this will put on my credit will last 10 years. I'm in a position right now where I shouldnt really need loans of any sort. I dont plan on buying a home and will learn to live with a modest car instead of something flashy. As a poker player all other bills should be paid in cash anyway so this will more or less keep me on track. I literally wont even be able to get approved for a credit card for the first 2-3 years probably anyway, at which point I'd have to go through the tedious process of rebuilding my credit score through secured micro transactions and such, but that's all fine. I kinda dont even want credit cards again since they are the devil Most people in this world would be better off without them in the first place.

In the meantime wish me luck!

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bye now 

chris   United States. Oct 06 2016 04:32. Posts 5503

didn't you have a good job that even offered you a raise to stay?

5 minute showers are my 8 minute abs. - Neilly 

chris   United States. Oct 06 2016 04:33. Posts 5503

that paid you like 2x the amount you made from poker? why not just play on the side

5 minute showers are my 8 minute abs. - Neilly 

chris   United States. Oct 06 2016 04:37. Posts 5503

also if you did 8 hours a day, 5 days a week, you would do about 170 hours per month....you basically worked 4 months in a 12 month period....

5 minute showers are my 8 minute abs. - Neilly 

casinocasino   Canada. Oct 06 2016 05:10. Posts 3343

So real it sucks... There is so many things to talk about in this blog..

first of all, you should of kept a group of poker friends (online or live) and have them ground you, I mean by just talking about things, putting more volume. I feel like you went off course and had no perspective on the horizon

I don't really want to chime in my own experience too much but was in a similar situation earlier this year, had too much debt and my income was to low but I started to put more volume, started to follow a win stop and the recovery came easier then I would have thought.


the biggest tip I can give you is:

Don't make plans to go out until you crush for the day. its going to end up losing you some friends and end up eating / going out by yourself more often but trust me its worth it. My win stop now is around 1k now (because I took a small break in Sept.) so unless I win 2.5 buyins+ i am really not interested at all to do anything except keep grinding


NewbSaibot   United States. Oct 06 2016 05:45. Posts 4943

Yeah I had a real job but all of my previous employment for the last decade has just left me unfulfilled. I once read a quote by some business manager in Forbes or something that basically said to never put yourself in a position where one individual can ruin your life. If your state of employment comes down to the whims of a single person then you are in a precarious spot. Most people fall into this category; you have a boss who acts as a single point of authority over you and requires little to no oversight in making their decisions on whether to keep you or not. If they want to fire you, you're gone. However some people work in departments that are part of larger departments where decisions like this have to go through an approval committee. If your boss wants to fire you, he has to go to his boss and ask permission, and then that guy has to go to HR and make sure they have a valid reason and documented evidence and so on and so forth.

Feeling like I could be let go at any point in time has always been a point of contention for me. I've never been fired, however I have had 2 jobs where layoff's were coming and I became extremely nervous about being chosen. Poker was sort of a way to get out of that mess, to more or less feel like I am self-employed and in charge of my own destiny. Also, I like to sleep in a lot

bye nowLast edit: 06/10/2016 07:16

spugru   Finland. Oct 06 2016 06:09. Posts 187

The pussy part made me sad.

play your position small soldier 

ClouD87   Italy. Oct 06 2016 12:48. Posts 524

Maybe you could benefit from reading some books about cultivating the right mindset, possibly written by successful people. That helped me a lot when going into poker.

One thing I didn't like aswell is your thought that you have to spend money to impress girls. IMO it's always a loss/loss situation when you make it about money. In the end they might fuck and stay around you, but you will always get the most beautiful reactions and attachment from them if you resonate with them on an emotional level.


JohnnyBologna   United States. Oct 06 2016 18:27. Posts 1401

Love aint cheap. Hope that pussy was worth it. Positive note is that you dont seemed to phased. For someone that worries about br a lot at the tables this was somewhat out of character.

I have a family and eat out almost everyday but 67k in a year is just balls deep in idgaf anymore.

Just do whats right 

hiems   United States. Oct 07 2016 01:55. Posts 2979

It's just a box man.

I beat Loco!!! [img]https://i.imgur.com/wkwWj2d.png[/img] 

chris   United States. Oct 08 2016 02:22. Posts 5503

seems like you had a mid life crisis Dan.

I think with your winrate and hourly, you should have been living at the tables, only taking time to go for a run and eat and go back

5 minute showers are my 8 minute abs. - Neilly 

chris   United States. Oct 08 2016 02:22. Posts 5503

Gl with everything

5 minute showers are my 8 minute abs. - Neilly 

flounder44   United States. Oct 10 2016 07:04. Posts 916

Bad things happen when you become a poker pro... but gl.


careface_   Canada. Oct 11 2016 01:52. Posts 788

It's not as if it's easy to put volume live, it's freaking depressing after a while.

I think your volume is on the low-side but is somewhat realist. Not as if many people can stay sane playing 40+ hours per week. That is completely unrealistic and will kill you from the inside. At least, most people.


PuertoRican   United States. Oct 12 2016 07:06. Posts 13030

I'm posting just so you know I read your blog.

If I had any constructive criticism I'd post it, but I don't.

Rekrul is a newb 

gawdawaful   Canada. Oct 15 2016 18:18. Posts 9012

A lot of things in this blog made me sad, maybe cringe a little, but we all learn from our experiences. One thing in addition to this I can offer you for your next go around is, in addition to putting in higher volume, be aware of the fact that longer sessions mean you're more likely to play less than your A game, which of course translates into a lower hourly.

Just be happy that you can be in an area where 2/5 is offered regularly and very beatable. Your hourly, even at your A game, will not necessarily be replicated at a different location. And also, if the people in your regular games are making any effort to improve, or the losers to step away, those things will also affect your hourly as well. So next time around, lets hope you don't commit to future expenses (car payments, mortgage, etc.) based on past or even current hourly. Best of luck!

Im only good at poker when I run good 

shootair   United States. Oct 21 2016 17:57. Posts 430

There's no option but to go back and get a job, but more importantly, a career. You say you were unfulfilled. Have you seen a psychiatrist? The issue is very likely internal here. Do not declare bankruptcy. Pay off your credit cards. I know it sucks, but you're a man, so take responsibility here. I really feel for you in this situation, and it's going to take time to start moving in the right direction. You're 35 and can't afford to make any more mistakes. Good luck


PplusAD   Germany. Oct 31 2016 01:04. Posts 7180

Sad stuff....
GL in the Future

U see what i did there with A8 ? He 4 bets and there we go insta jam A8 : ---booooom -- . hahahaha ( Krantz) 

Raidern   Brasil. Oct 31 2016 02:22. Posts 4243


  On October 06 2016 11:48 ClouD87 wrote:
Maybe you could benefit from reading some books about cultivating the right mindset, possibly written by successful people. That helped me a lot when going into poker.



just out of curiosity can u name these books?

im a regular at nl5 

 



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