The Reality of Playing Poker Professionally
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- Опубліковано 30 тра 2021
- Poker is a hard way to make an easy living.The life of a professional poker player is not easy as he has to deal with the various swings that occur in poker everyday.In this video we discuss about the reality of playing poker and the challenges every top poker player must face to be on of the greatest poker players of all time.
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Imagine showing up to a workplace everyday with no clients, no production line, no benefit package, no services rendered, and no sponsors. The only way to make money is to find a way to take it from your coworkers by trickery. Trickery is permitted, as long as everyone plays by the same established set of rules and the boss takes a 5% cut from all transactions.
The results are about what you would expect from that type of environment: a few gifted and lucky people survive, with huge turnover rates who are forced to exit financially/mentally decimated.
Weird way to look at it.
@@djscottybezhow do you see it?
It's game and everyone involved voluntarily choose to be there.
I think it would get old after a while but working in a warehouse like I have for the past 14yrs is much worse...the goal for me would be make Enough money to bya rental property that. Just play poker a few times a wk
It’s like becoming a professional baseball player. Except there are those who make it to the major leagues and only make 100k a year and there are those who become great and make millions a year. You have to be good at it is all.
I don't think most people could deal with the 'swings' of playing poker professionally. One minute ur living high on the hog and the next ur living in the trenches.
Thats why you need an extra large bank roll and not be reluctant to drop. Stakes
i have been playing poker for 25 years, but i never had time or the bankroll to play all the time. I had to take care of my mom until she was 93 years old. Now i am retired and have a bankroll, im 67 years old and will start playing full time. Mainly tournamnets, and i can play senior tournaments and the WSOP. I am excited to finally getting to play when i want, but not everyday. The key is to stay fit, going to gym 4 to 5 times a week. Eating good, and sleeping. I dont want the daily grind, i will pick my spots. But i have health insurance , pensions, investments,,,,,
I'm in my 50s and looking to supplement my income and maybe retire. You are an inspiration. Thank you
Go get 'em, OMC!
U dont get enough recognition bro i love your videos!!
Agreed!
Glad you like them!
A friend of mine was a semi-pro for several years but now plays only the WSOP during his summer break..
Playing poker for a living is not all it is cracked up to be. I tried grinding it out in casinos winning a little bit at a time. I was making money but the poker lifestyle takes an incredible toll on everything else in your life. Spending 50 to 60 hours a week at the tables can be mentally and emotionally draining. I still play poker but I cut back my hours big time and it is no longer my sole source of income.
The lose of value of money is SO real. I literally have no respect or value for money.
100%. I think it is also a good thing for a pro to lose the value of money. If I valued my money, and my chips, it would be much more difficult to risk them. Just last week I went in low on funds trying to win, but afraid to risk on potential hands, and lost. Taught me a good lesson. For a poker player, money is a tool.
Why should you have respect or value for money? Its stupid
I believe you 😢
@@ernestoA.1999you’ll remember that when you’re living on the streets
@@bobsmith3291 will never happen Bub
I learned to count cards at Blackjack and went to vegas. I spent several hours to come out a few dollars ahead. Between playing the game and hiding what I was doing, it was a lot of effort. I might have played Blackjack for fun before, but doing it as a job was hard, boring, and not profitable unless the stakes are very high, and then you become a target. Make it to the level of famous and on tv, perhaps business ventures on the side, and it might be rock star fun. But making a middle class living is problematic and less fun than you might imagine.
Other than the 1 percent most people waste the best years of their lives chasing a dream . Poor deluded souls
I grind 1/2 nl live and smaller stakes online. I have a solid win rate and enjoy the game. That said I will not give up my career. I can not handle the downswings. It's a fun hobby income for me and allows me to buy fun material things in life I wouldn't be able to justify or afford otherwise. My career supports me and poker gives me a lot of extra spending cash on the side. I honestly feel that's the best approach. It always seems like poker is the dream to make a living when I am on an upswing and have a graph like a rocket ship but try keeping your composure and playing through a downswing when your mortgage/rent depends on the cards. No thanks. That's terrifying for me. I suppose thats why bankroll management is of utmost importance. I also work nights and have a lot of downtime at work where I can play online and double dip on getting money for my time.
What job do you do at night that allows you to play poker? Security?
@@xExtremeFrissonx patient transporter. It can be very busy or very slow. On slow days I play.
Down dwings, tilt , long hours , doing poker for a living is super hard and can mentally drain you if you do decide to take the risk set a goal in how much you want to make a day once you reach that goal leave the poker room
Zero sum game. Constant influx of new players with bank is required. Problem is that poker has peaked. Doesn't help when general table manners and table etiquette is also deteriorating in live games. Fewer friendly players and true poker players. A lot of gamers though.
PLO is where the money flows freely
If you play 2/5 in almost any casino you only meet regulars.
It’s definitely not a zero sum. It’s a negative sum. The casino or the rake is what incentivize gambling, playing hands that’s not so profitable. Some people play recreationally and don’t worry about losing or winning as much. It’s up to the individuals to decide how they play and take risk.
What are gamers?
Why should poker be friendly? Im all the bullshit eitiquette people to imposing their morals and rules on other , no owns poker or should lecture anyone how to play it
I counted cards in vegas and an employee took me in the back room and tied me to a chair and socked me in the jaw and left me there till i could untie myself and get away. Havent been backed since.
I believe you. In vegas I saw a flying unicorn.
You know that Dan Blizarian is a fraud and not a real winning poker player right
His dad embezzled BILLIONS from his wall street firm off shore🤧
Threw it in a “offshore trust” that the US government cannot touch. Then creates a shell company called “Ignite” to justify the capital in their procession (So the IRS didn’t come snooping) O and it tanked on the Canadian stock exchange. (For obvious reasons the SEC wouldn’t allow them on the Nasdaq)
And yes all those girls on his IG get paid and are basically hookers….. no surprise🤧💯
His brother is the smart one cause he doesn’t flaunt anything💯
Anybody who believes bilzerian's story is a gullible clown. He lied about everything including his navy seal war stories. He said he did training in boot camp with broken legs lmao. I had two broken legs this summer and I was in bed for ten days straight before I even took my first steps with a walker and physical therapists yet Dan was in a Call of Duty fantasy in his own mind behind enemy lines with two broken legs still running and hiking. Okay Danny boy...
fr, why even mention him in the video
I trade options in the stock market and play poker too. I learned poker first and thought I could earn a living at it after becoming very good in a quick time frame. I was profitable for a while then crashed and rebuilt my stack. Then found options trading through some random UA-cam video and it change my life.
The level of difficulty in trading is so much lower than poker and the variance is also much lower using my strategy. I still play poker for fun tho. Overall, I agree that it's a hard way to make a easy living.
@Ying-Chen Chiou tastytrade videos and coaching is the best, most consistent way I've found to trade options. I've never had a losing year, and you can bet both ways with puts and calls. Those guys teach options better than anybody.
@Ying-Chen Chiou yeah no problem dude. Options trading changed my life, good luck!
For both, poker and options, you need a considerable amount of money to start. The chance of being bankrupt at least once is very real. To think you can just 10x-100x your investment is an illusion. There are black swans in poker and the stock market, and you will get hit for sure during your time.
@@ralfzacherl9942 cool, I'll let my annual records going back 7 years with my lowest yarly return being 24% be my pipe dream... You'd have a point if not for the fact I've made a living off this lol. Again, it's the way I do it. There's ways to do it where you could start with very little money
@@lazywallstreetnews7234 It's still statistics that 70% of all options traders losing money. Don't get me wrong I think the stock market is the only proper alternative to growing investments. But we still have been in a ridiculous bull market for the last 12 years. Even the Nasdaq had annual returns of 30-40% in most years. Doesn't matter how clueless somebody is, if you just had invested in tech during the last decade, you would have made a huge return. We will see what the future brings, but outside of a bull market, trading is not easy. Just an absolute donkey would have lost money.
I guess it's possible. But you have to play high stakes
Don't gamle lose all your money
Please add subtitles, i'm learning english yet.
I’m coming off a horrible two year bad run. For that reason I would not want to be a pro.
dude? a 2 year bad run? that doesnt exist. that just means youre not good at poker.
@@mikeryan5856 LOL I'm still not sure if that original comment was a joke or not :D 2 yearsss lmaooo
@@partyboycs6086 yeah right? Like "dude I'm just on a career 20 year bad run"
It might be fun and profitable for a while, but eventually you will crash, and lose all your cash, just like the other 99.5% before you did.
That's because there are a lot of nitty-ass players who suck up all the money only playing aces, kings and queens and giving zero action making up around half of today's player pool. Your opponents are boring ass nits who take more than they give with solvers becoming too much of the norm.
@@monsterstackwizard9313 sounds like youre a butt hurt losing poker player. if someone wants to play nitty then bluff them and take their blinds dumbass
@@monsterstackwizard9313so you exploit the shit out of them
That's really not how it works. If you are good you will most certainly go on downswings, but if you bankroll properly you should never be in real danger of losing it. Play your stakes, find softer games, etc.
LOL he's comparing a poker pro to a lawyer making $500 an hour?? Most people can live on a just little less than $500 an hour.
How much would you pay China or Russia for positive comments ?,,asking for a professional poker player
Ive played everyday all day mostly for past few weeks. And ive got to say the swings are mad and made me realise i could never do it for a living as its a risk..so i know poker pros lifes aint all that. Most of them sell action or get tied up with dodgy sites. All so they can stay in the game. I love the game i realy do but some of these poker players are the same as casino streamers and dont seem to care about real integrity in the game aslong as there pockets are full. I mean im sure gg poker isnt a fair game at all. And daniel negreanu has his face all over it.
that's what I feel, like most successful players nowadays are just famous and make their money out of third streets, A lot of pros have moved to coaching, it's like they are finding everyway possible to work in the poker world without mostly reliying on playing it so they can have a steady income
is it allowed to join with poker players in order to get some other players money?
you know , playing internet poker with friends 5 vs 1 , at the end we share the money we earned from that one person that was not part of us.
So is it allowed ???
No that's collusion. If you get busted with that it's game over for you. Permanent bans, accounts locked out, money confiscated and potential lawsuits. Not to mention doing it to the wrong guy and he pays you a visit with Mr. 12-gauge in his hands.
What you are referring to is collusion and it most certainly is not allowed.
Definitely not allowed but i have seen people do it
Poker: How good are you at lying?
4:10
It's come to the point where I don't even enjoy it anymore honestly. No matter how good I play or get my money in it doesn't matter anymore it seems
Sadly,i Been feeling this way for a long time and to crept into other aspects of my life. I always call my poker abilities a gift and a curse.
So how about now ?
I agree poker is only fun when. Drunk...but you can't play for living being drunk....I wouldn't like playing poker for a living but if I get to that level I will. Cause I can't not stand working for people and tired of physical work
How do you know winning players are working hard . Did they tell you that ? And you don't address bankroll requirements at all .
I will address them in a future video...thanks for the suggestion
In order to become good, a player has to study: odds, hand equity, game theory, hand history, players, tells and more. They also need to put in their 20,000 hours at the table. This time needs to be spent paying attention not on the phone. I know as I made a living playing cards for 7 years.
@@ryanjohnston8237 where did the 20,000 hours? Lmao. I think the amount of time greatly depends on the person.
@@conquerfitness1725 That is the time required to master anything. You could become profitable in 10,000. You could research studies that prove this if so inclined.
@@ryanjohnston8237 anyone that needs 20 , 000 hours playing poker to “ master “ it would qualify as a moron .
what r u talkin about? ..
1]most tournaments players r backed up or was in make up and now a very smal < 1% have sufficient roll f the games their playin .tournaments is nightmare in general .. thats why earnings is not ROI = many players w millions in earnings , r break even or loosing
2] about cash its not realistic t talk about millions per year ,instead there r many many players which makin 30-100k per year , consistenly w hard work
about the Game ..there r better reasons besides money f someone t try t learn -play -improve & win if possible in poker
subtitules please
But.. Poker IS gambling no matter how smart you are
I am the 99%.
It's more difficult to be a constantly profitable and professional player nowadays for a simple reason:
Nits.
And I am not referring to anyone in particular reading this comment but rather the fact that most of the tables nowadays have these "fold everything except aces, kings and queens while snap folding AK preflop" type of nits who ONLY play when they have the nuts.
Most end up losing not because they lack the time to play but rather because there are not as many bad players as there used to be. Yes, there are still plenty of bad players (or gamblers rather) but much less than before and the thing is, they are too tight with their money while those of us who can afford the games, we have a hard time finding splashy players this day and age.
Don't be fooled by anyone who tells you that you are losing because you "tilt" or are too married to your pocket jacks or tens preflop that you are too unwilling to unfold or that you aren't dedicating enough time it, you lose because you are sitting down with overly tight nits who never speak and never give action until they have it.
Too many overeducated players in today's game.
The issue is that online poker sites seriously limit your deposits so gamblers can’t waste all of their money. Nits are bad for the game as they are very boring but once you adjust and know they are a nit you can dominate them quite easily
dude what? do you have any clue how retarded your comment is? if someone is only playing top premiums then they will simply be blinded out and get no action when they finally raise their one hand every 2 hours. the fuck are you talking about? i love playing nits. sounds like you are just a butt hurt losing poker player.
Maybe online, but have you seen live games? I haven't played in too much (need to build bankroll), but there's people at every stakes just trying to bink. Honestly though you can exploit/ avoid nits easily. I'm still learning but from what I've seen there's still an almost staggering amount of false ego in the game. Plenty of players that think it's variance when they really just suck and don't study. My parents know some poker pros. It is still completely doable
@@charlesmartiniii1405 Live games at least have a fair share of recs putting in money with any two cards although the downside to playing live is that it takes longer than online
That being said, live is still winnable
Your logic is a bit faulty I think. So I play on 10NL pokerstars with a HUD and am winning over 17k hands, winning over 25k hands if you include 5NL. The way to deal with NITs on the table is to avoid them. Just fold preflop, unless you either have a very good hand yourself or a good implied odds hand.
However, if literally everyone at your table is a NIT then you've got a problem. They're both boring to play against and it's close to impossible to book significant profits against them. But if it's 1 or 2 NITs? They're practically invisible players at the table and you can fold most of the time when they decide to enter a pot or raise.
Even on a 6max table full of NITs, all you need is 1 or two fish or recreationals to keep a game going.
There's more details as well here. There's degrees of NIT hood. Some NITs are good players, some are bad players. Some people are just slight nits, some people are Uber NITs. It's much harder to deal with the slight NITs (18 or 19 VPIP people on 6max), because these people are usually playing a good tight aggressive strategy and will 3-bet if they think you're exploiting their tightness by opening wide.
6max online, GTO VPIP is around 25 I would estimate
4fth!!
3rd
1st
2nd
69th
Young people are outperforming the old salts, thanks to poker software which i practice a lot on. In Play money the higher stakes have more intelligent players as opposed to the low stakes bingo playing fish/donks. Theres fish in every limit.
Is it possible to only play live cash and occasional tournament? I dont trust online poker
I would never play for a living I’m better then 90 percent of the poker world never never ever play poker for a living your a sucker if you do
Sure you're the best hun. Now go to your 9 to 5.
Personally I know many office workers who make a decent living sitting in a cubicle and taking shit from their boss. I play poker for 1/2 my income and sell online for the other half. I make a very average living but feel like I am much happier than cubicle guy.
My 9-5 I make 200 k with a pension not including my rentals keep grinding the 5/10 game
My message is to the kids luckily this game is not as popular from years ago but it’s definitely not a good way to make a living that’s all I’m saying for the kids don’t be fooled
Would suck to be a rich sucker who is their own boss with the most flexible job ever and being complitely free and doing what you want.
You mean %1 pro. Lucky Donkeys among all of them😂😂
Reality is that these are the same people, moving the same money around, and casino/tournament org cashing in on commission, fees and PPV.
Poker is just pretentious casino and nothing else.
If you made a bot that did all in at complete random, you would get to same win/loss results in long-term as the most careful player ever.
Then how do you explain player like Daniel Negranu or Phil Evey that win multiple tournaments with hundreds people in? Your theory just doesn't make sense
I would be happy just making 60k to start and maybe work a part time job. Somewhere
you can live a wealthy life with 60k in almost every european country
Most jobs are a hard way to make a hard living lol