If you’re reading this magazine, chances are you’re pretty into your
poker. You’ve probably been playing for a while, taking an interest in
the game, and learning as much about it as possible. Maybe you play
pretty regularly, and maybe you’ve had some success — some good
tournament results or a solid win rate in low-stakes cash games. This
might stir you to think of playing the game professionally one day, a
dream held by many a bored office-worker worldwide.
But
is that really such a dream? Why not reality? There are thousands of
individuals worldwide who make their living playing poker, so why not
you? Well, there are a number of reasons why you might do well as a
professional poker player. Almost everyone has some of the
characteristics necessary, and almost anyone who’s interested in poker
probably has the short-term motivation to try. However, there are also a
number of realities you’ll need to prepare for, and since poker players
are reluctant to encourage good players to play more often, advice
isn’t always readily available. I’d like to offer a few insights based
on personal experience that might prove useful to anyone considering
“making the leap” and turning professional.
Understand the day-to-day realities
As a professional poker player, you’re going to spend a lot
of time playing poker. Much more than you do right now. You might assume
that most poker players work a three-day or four-day week, or that they
take a month off here and there to go do whatever they want. Nothing
could be further from the truth. The vast majority of professional poker
players put in long hours, and those who don’t, don’t remain
professional poker players for long.
Being a poker pro means either spending a lot of time at home at your
computer (if you play online), or in a casino (if you play live). Think
about what those two choices entail. Replace all of your current
working hours with time spent at home at your computer, with only very
short breaks, or with time spent at a casino table alongside both the
regulars and the recreational players alike. Does it still sound
appealing? If so, great. If not, perhaps a part-time poker schedule fits
you best.
Be financially responsible
This is incredibly important. What’s the reason so many poker players
go broke? It’s not because they suck at poker (well … it’s not always
because of that). It’s because they don’t know how to manage their
money, and they have unrealistic expectations about the money they’re
going to make in the future. They don’t save for a rainy day, and they
make irresponsible decisions with how to use the money they have at any
given time.
Being a financially responsible poker player means managing your
bankroll appropriately, but it also entails not spending beyond your
means, understanding your tax commitments, having more than six months’
expenses saved up before you “make the leap,” and never, ever mixing
your real-life bankroll with your poker bankroll. The minute you do
that, you’re giving yourself permission to eventually go broke, because
your brain will always be able to justify it. Keep your discipline, and
remember that a dollar in your bank account is worth a lot more than a
dollar of “expected value.”
Work on your mental game
Turning pro will test your mental game to its absolute limits. You
will experience downswings twice as big as the biggest downswing you’ve
ever thought was possible. You’ll tilt, you’ll lose motivation, and
you’ll have to really explore why it is you’re playing poker. Is it for
the money? That’s fine, but do you have a goal amount in mind after
which you’ll quit? If not, you’re going to get caught in an endless
cycle of unfulfillment. Is it for the glory? Well, it’s worth
recognizing that even if you do achieve a lot within the game, there
will always be a lot of people in the game who refuse to believe you are
anything other than the worst player they’ve ever seen — unless you’re
Phil Ivey (bonus tip: you are not Phil Ivey).
Are you playing poker because you want a job that gives you
flexibility in your lifestyle? That’s great, but you should recognize
that that flexibility depends on you making a lot of money. If you’re a
mediocre poker player, you’re still going to be grinding a 50-hour week
like the rest of us. Ultimately, the only reason to play poker for a
living is the same reason for doing anything else — because you love
doing it. If you really love sitting down to play poker and that
activity is continually motivating for you, then you should do it as
much as you can. But once you hit your first big downswing, the game
will test you, and you may find out that what you loved was winning, and
not merely playing.
Stay ahead of the curve
It’s often said that poker is a game that can change overnight.
Indeed, back in 2003, it did. Chris Moneymaker won the WSOP Main Event,
and the poker boom began. But the change didn’t stop there. Ever since
then, the advent of online poker has brought all kinds of new phenomena —
forums, training sites, coaching services, HUD software, new analytical
tools, and much more. The game is now in a process of constant
evolution. Every time a revolutionary new training video is released,
its principles are adopted rapidly and a new style of play emerges. A
counter-theory presents a way to exploit this new strategy, and so the
collective mind-set shifts again.
This was evident from 2007-2010, when so many of the best online
tournament regulars played an unbelievably aggressive style involving
lots of three-bet, five-bet, and even seven-bet bluffing. As a response,
many of the tighter regulars began to learn how to reap the benefits of
this over time, and eventually a regression to the mean occurred, with
many of today’s top tournament regulars now playing a style that might
be termed “adaptive aggression,” making it hard to know exactly who is
“tight” and who is “loose.” It will be your job — literally — as a
professional poker player to watch training videos and televised
footage, follow forums, and take part in strategy discussions to help
prevent yourself from falling into an outdated strategy.
Finally, enjoy yourself!
The Holy Grail of poker is to always make the best decisions. That’s
what we’re all striving for. For some of you, playing poker
professionally may be the best possible decision right now. It might
make you the most money, or simply be better than all your other
options. Whatever your reason for “making the leap,” it’s important to
factor in one crucial thing — enjoyment. As I mentioned before, it’s one
thing to say you love poker, and it’s another thing to still enjoy it
when you’re in a $10K, $100K, or $1 million downswing.
What I’m getting at is that sometimes we have to expand our
decision-making framework, from simply making the best poker decisions,
to making the best life decisions. Sometimes it’s easy to think that the
best decision at any given time is to play poker, because it has the
highest expected value. Of course, if we always abided by this mantra,
we’d be playing poker 24/7. So remember that whatever stage of your
poker career you’re at, balance is important. If you’re not enjoying
poker and you want to go do something else for a while, go do it! You
can rest assured that poker will be ready and waiting for you when you
get back.
SOURCE : BLUFF