Why am I (and you!) playing poker? Decisions, decisions….
Poker, the cliche goes, is a game of decisions. Winning players make more good decisions than bad, and losing players, of course, the reverse. Sounds pretty easy.
But why are you playing poker?
Fun? Profit? Career training? Exploring career training? Baby needs a new pair of shoes?
The above is the meta question you need to answer before you make other key decisions like:
- * How much money do I start playing with?
- * How much money can I tolerate losing
- * How much non-playing time do I invest in learning the game
- * What kind of games do I play? At what levels?
In other words, you are one of three kinds of player.
- * Recreational – what you spend is a function of “the cost of fun”; you play b/c you love the game, and you’re willing to lose a certain amount, or not be too ambitious about winning. Fun trumps profit.
- * Side-Profit – what you spend is a function of making a little money w/o too much of an investment; you probably enjoy the game, but in the end, profit trumps most considerations. The Fun vs. Profit balance tips toward profit.
- * Career – you want to become a “professional” or career poker player; your income derives solely from poker play. Profit uber alles. Profit trumps fun.
I participate in chats on various poker boards, on every imaginable (poker) topic, and many discussions splinter off into disagreement mainly b/c the participants hold different, unstated assumptions, about who is where on the above list of the three types of player.
So, which type is Your Maniac? And how does that effect certain decisions?
I’m a Rec player who shades toward Side-Profit –
- * I’m not willing to lose money to play, but neither am I ambitious to win a tremendous amount. My winnings relative to the time I expend playing, from a time-money-value standpoint, compared to other activities I could be engaged in, is not profitable.
- * My initial bankroll was small (the PokerStars minimum at that time, $25); I lost my initial investments several times (a topic for another post) before I recovered them all, in full.
- * I will invest some, but not a great amount, of enjoyable time off-table to learn to play better. I’m personally competitive, and I enjoy reading & chatting about playing the game better. I will not invest off-table time doing something I do not enjoy.
- * I’ll invest money in select poker books, but my CAPEX (Whoa! Big Word!!) does not exceed my profits. In other words, what I spend to get better does not exceed my winnings.
- * I play in a wide variety of game levels & types (.02 through .50 BB cash games; smallest stakes MTTs, from 45 to 20,000+; SNGs; freerolls). I’m a winning player at all of them (possibly not DorNs, which I do not enjoy playing). It is more profitable to specialize in a single game type & level and learn to crush it, preferably playing multi-tables using legal tracking software (two other things I don’t do because I don’t enjoy either).
So, the career player is pretty much the opposite of the Rec player.
Pros call it “grinding”, as in “grinding out wins playing 25NL, multi-tabling 20 tables for 7 hours straight…”
Does that sound like fun? Or work?
Yeah. Its a job. You have to invest time in things you don’t like, but that will pay off later. You must be willing to lose money in the short-term, perhaps even quite a lot, to get better and recover and exceed your initial investments (i.e. some see graduating from college as exactly that – an initial capital investment that is recovered & exceeded over time).
You play the game types & levels where you win the most $$$/hour.
Interested in Career play?
Invest some time reading/writing on CardsChat or 2+2 forums to get an idea of what it takes to be a career player. (See under my “Poker” blog roll for links.)
I’ve seen (but don’t recall where) some extensive posts describing what you have to do to become a career player. It’s a lot of work. Not a get-rich-quick path.
Read the blogs of career players, and you will get a good idea of what it requires to duplicate their path.