Making a living playing poker.

#1 18-12-2006, 12:09 AM

Hello all.

I would like to direct this question at the people who make a living playing poker.

I`d be interested to know

how you started out
where you play (live or online)
What stakes you play
How often
What was your starting bankroll
How are there so many pro players? If pros play against pros you can`t all be making a fortune!!!
Anything else that might interest us all

#2 22-12-2006, 2:34 AM

There are 2 professional poker players on this site that I know of.

Inevitably you will get a couple of other charlatans with about 10 posts, claiming that they are as well, such is the nature of the poker ego.

What you need to understand is there is a constant flow of people cycling through the system, many of which after winning a couple of MTTs will think they are capable of playing professionally. 99% wont be and will fade fairly rapidly when the cold streak comes.

You can play the exact set of tournaments ever day, and you'll be amazed at the through-flow of people throughout a year, but the core always remains. They make their margin from the throughflow, not from each other. 85% of online players have a negative ROI%. This is where the money comes from.

What you should also understand is that the majority of online pros make their money through volume, rather than through high-rolling.

It might be volume in cash, it might be volume in SNGs, or it might be volume in MTTs, or often a combination of 2 of them. Most will have a key game, which they rely upon, and it is virtually never NLHE, (unless it has rebuys).

#3 22-12-2006, 5:57 PM

Quote:

Originally Posted by Welly

Most will have a key game, which they rely upon, and it is virtually never NLHE, (unless it has rebuys).

Thanks for that m8.

However, I don`t understand this quote. Could you elaborate? (never NLHE??? What do you mean?)

Cheers

#4 22-12-2006, 6:22 PM

The vast majority of online NLHE players fade over time. There is too much variance in the tourney formats offered.

NLHE deepstacked, slow blinds, or w/rebuys is a different story....but really online this limits it to major events, and rebuy tourneys.

#5 22-12-2006, 9:41 PM

i like what bbb once said about professional poker players. if you see one on your porch then pay him for the pizza.lol.


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