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Bankroll management is super underrated. An average player can have better net profit than a great player if the great player doesn’t manage bankroll well
@@dominictang9328If you’re playing a $100 buy in and that $100 is your last money, you’ll play like shit and lose a lot of money folding. If you can buy in 25x, you aren’t as worried about losing as much and you’re willing to call bluffs and raise bigger. Just my thoughts though I’m not that great
@@TheGreatTraeX .... well yeah, if you're gonna spend all your money on drink and drugs. That's not really a bank roll management problem though is it!
I have made the decision to quit my job and start my journey, you have inspired me. I should make $19/hr at 1/2 at my local casino, if I put in about 8-9 hours a day, I’ll make about 60k a year.
@@LebronCCP Be careful with that type of thinking bud.. After a couple months of putting in 8-9 hours a day you won't love poker so much. I would start semi-professionally and once you get a good Bankroll and understanding of the game then you can think of going professional. I don't mean to discourage you. It's just that it's very stressful when you don't think ahead.
Poker pros have one thing in common regular low stakes players dont have and thats the fear of losing or putting 200k in pot without thinking what it could do to their bankrolls because they have so much money yeah it hurts them but it doesnt stop them from doing it again the very next hand a player that can lose a million and doesnt care will steamroll over someone who has fear of losing that same amount
Former pro poker player, I actually did pretty well, but I'm doing better getting a real career and taking poker as a side gig, I always tell people "poker is a better side gig than a main gig" I think this was a great video, thank you for this as I agree with all of this and are all things I agree with one exception "Non poker playing masses don't understand poker" Framing it the right way, I've found that if I explain that it's closer to picking stocks than the roulette wheel and that there is alot of data mining involved that people are like ,"oh alright" even explained it in a job interview and got the job
You MUST love the game, you must. I love the game. I used to get so mad at bad beats, now I accept it as part of my love for the game. Poker is pain, true story. But if you love the game its good pain.
I have a friend who tends to quit early when he wins and grind it out when he loses. Doesn’t make it any better. If you think about it, you can stop the session but you will come for another later. That’s why I think of poker as one long game, until I quit entirely.
The title is dead on. Even recreational poker is pain. Its filled with idiots who luck out in the strangest ways and at the worst times. Its probably the most frustrating hobby I can think of next to building those tiny ships in glass bottles haha
If you are working full time, and have a decent tracked history of poker results, then its much easier to analyse if you should go pro. These are the things I would take into consideration first, however. Poker provides, no security, no holidays, no insurance, no sick leave etc. So you will need to be earning much more than your normal full time job, imo to make it worthwhile. Personally, Id recommend 2x what you earn with your full time job. Also, and this is the thing most people dont realise...is that Your poker bankroll IS NOT your life bankroll. They are two different things, and should never cross over. You pay rent, food, bills etc with your life bankroll, NOT your poker bankroll. DO NOT, drink alcohol or do drugs whilst playing poker...like ever. Ive seen way too many talented players lose everything and fall into huge makeup due to this. Bankroll management doesnt really need to be said, but saying it anyway. and lastly.....the moment playing poker professionally turns into a chore, or you only really get negative feelings and emotions out of it. QUIT. ...and finally, I laugh at most people who say they are professional tournament poker players. SO YOU STILL WANT TO PLAY PROFESSIONALLY?
It the first rule in this video that makes poker particularly dangerous, I think. People can be on a devastating losing streak, at that point where they need to stop gambling, but they have convinced themselves that what theyre experiencing is a perfectly normal part of poker. Its no big deal. I saw one guy one youtube, lost his house and his girlfriend during a "bad streak." He justified it all by saying that its part of being a poker player. He thought that his family just werent being supportive. Obviously, that's ridiculous, his family was upset because he gambled all their money away and was destroying his entire life. But he was too deep to see it, too deep to tell the difference between a "bad streak" and an out of control gambling addiction.
I've lost a lot playing poker..I usually play 1/2 and sometimes 3/6. Last year I lost around 3000, stopped for a year. Started again in October, was on a losing streak for a month was down about 5000..picked myself again tried to be straight minded and now grinding back since November I've recovered 4500 so far..hoping to recover everything I've lost.
I actually did recover my losses and once was in 4000 profit. But it lasted only few days I went on a losing streak and took so many loans to recover what I had lost. At the end I was in debt of around 25000. That's when I quit poker and since then I'm repaying my debt with my 100% montly salary.
Nobody in this comments section actually knows how to play poker lol, if you’re frustrated or despairing you were not actually good enough in the first place. Learn the game stop trying to win with the best hand 100% of the time
All of this easily beatable, just gotta be tough and smart. It's good that you guys made this video, maybe it will help some people though. I always appreciate the honesty of BTS
It depends how poker works out compared to a real job. If someone has had difficulties getting a real job for one reason or another, especially a decent one, and he does well in poker then why not.
In other words....most casinos and poker venues have no interest in providing real value to anyone, and they will continue stealing money any way they can for all of eternity. But poker will ALWAYS be among the best things God ever created, no matter how many jackasses try to ruin it. May all who attempt to bring shame to the poker table be judged accordingly and sentenced a bit more harshly than normal for the crime of f#$&@ing with God's relaxation time. Amen.
This is a great video that tells the truth. It hits home for me. I once quit completely playing poker for 7 years. I was so upset at all these fkn bingo chimps sucking out on the river that I just quit for 7 years. I now realize that much of this game depends on luck and I have never been a lucky player. That's reality.
@@jaypeters5224 Poker is a game of skill but that skill only gives you the "opportunity" to run deep. If your AK or your AA don't hold up when the five cards come out then you are done, I don't care who you are or what your skills are. That's what happened to me at a few world series. These bingo chimps constantly suck out on my AA. At the seniors event I was in the BB and a guy short on chips (but enough to cripple me) was on the button. It folded to him and he shoved. I looked down at AA. I called. He had K9off. He gets up and says "damn". The flop came - - K. He said "well maybe I got a chance". Everyone at the table snickered. The turn was a 9 and the river was K. This is what I am talking about when I say your cards must hold up or you are fkd. This is a constant irritant for me and it went on for years before I finally just said F it. I'm back playing now and some of my cards are holding up. By the way "the same players keep making the final table" is baloney. That's not true. They get TV time so it seems they are winning all the money but that is NOT true. Go to the wsop web site and look back at all the world series games. You will notice that NONE of these "same players" have made any recent final tables. Their names do come up in the $50,000 entry fee or larger games because nobody can afford that. But look at the smaller games with $5000 or even $10,000 entry fees. Who's winning those ? Nobody players that's who. The big name players are nowhere to be found. Mike Matasow said it best "It's pretty tough to fade 5000 players". Even the seniors event had 3000 players when I played.
@@GoldAceNews yes. Luck is a huge factor. But if you don't know how to bluff, read people/bets, bet properly, count your outs etc you will maybe have a huge score here or there, but will lose over time if your luck doesn't hold. And it never does, not for long. Bankroll management is another thing many poker players fail at.
The truth is that there are tens of thousands of poker players who, not only have very high IQ's 140 and above, but have extremely good memories and are able to do the math and read people at the same time. Therefore, when it comes down to who is in the top table in any tournament, it does come down to dumb luck. The same old "Bell curve" that dictates wether you get mugged 3 times a year, or inherit millions from a dead relative.
Poker pros are more intelligent than average but I doubt they have that high of a ceiling otherwise they wouldn't become Poker pros. No matter how intelligent you are you will still have to grind for years (outliers not included)
@@fica1137 It is true to say that the people with the highest IQ scores do not necessarily become wealthy. I know several self made millionaires and apart from being clever with money and competitive, the one thing they all share is their ability to read and manipulate people. Poker is allot like this. Many clever players that are good at math and money management and hard working, but they don't make it because they cannot read people well enough. That is why I don't play the game. I am rubbish at body language.
It’s all about ROI. Pick a career salary. Teacher, 50k. If you have an ROI of 20% you will have to risk 250k to make that 50. 20% is a ridiculous ROI, most people are nowhere near that. Best case scenario is you catch lightening in a bottle early on for a big score. Like Brian Hasting did with Isisldurr . Hastings took him for 4,000,000 and started a coffee franchise. That’s sharp. Most players also have multiple degen tendencies in other areas as well. Whores, booze, drugs, sports-book, table games, no money management, whatever. Cash games can be a great PT job for teachers and people with flexible schedules. Becoming a good 2/5 player will keep you from painting houses or waiting tables after school, on the weekends and during breaks. But never give up the paycheck and bennies. One broken leg or health issue can cook your whole roll.
IMO nobody makes a living strictly from playing poker. The ones that are still around from 20 years ago have alternate means of income. Even having said that, ask yourself how many players are still around from 20 years ago? The answer is, not many.
There definately is a lot of people who can make very decent profit from cash games. A lot of the TV personalities were high profile or tournament binking. A lot of people on a 5/5 could crush nergreanu or hellmuth over the long run. It's the faces you don't recognise that actually make the money away from the spotlight.
You can be significantly favoured to win all-in 10/10 times and still lose 10/10. Luck is a bigger factor than any of the massively overinflated egos want to admit.
Professional poker player Alan Cunningham said it best: "poker is 100% luck and 100% skill." I used to be one of those big egos and took a beating. Now I'm much more humble and play the game the best I ever played and my money is showing. I recently played a tournament with 700 people and I busted out in 20th place. The clown played a trash hand and caught a miracle. Who knows, maybe if I won that hand I would have made the final table. 1st place prize money was $11,000. I'll keep grinding for it.
If you're a winning player you won't lose money long term. Poker isn't all that different than the stock market or other long term investing in that, yes, you will experience short term variance but can expect long-term profitability if you consistently make good decisions. I think many players just don't realize how long the "long term" is. If you're a 5bb/100 player then you can expect to be profitable after 100,000 hands 95% of the time; but to get to 100k hands would require over 1200 hours playing 6-max online. If you can play 4-6 tables at a time that gets shortened to 200-300 hours, which is still over a month of playing if you're treating it as a full-time, 40-hour-a-week job. Human brains suck at thinking on those time scales, so most players get frustrated by "bad runs" that can, indeed, last for weeks at a time. As for friends/family not accepting it, it really depends on your friends/family! My friends/family have known that's what I do for a living for almost two decades now and they accept it because they know I do well for myself.
Yeah some of this points are very dumb: "Few people will accept poker as a real job," who cares? Few people can make it in poker anyway... "You will lose" if youre actually good, thats variance. The rest of the points are just repeats, or completely irrelevant like, "You are not important to casinos" we know, and dont care.
Well Jonathan that's completely wrong. You forgot to mention that all those numbers only work if.. you play optimal poker all the time! Your skills diminish and change day to day week to week month to month and year to year. There's a sweet spot where you might be able to make a profit for a few months or maybe even two or three years if you are one of the very exceptional people who managed to make a profit at a game that is not designed to be played for profit. There are too many unknown factors for you to say with any certainty what you can expect to earn over the long Haul. Theoretically sure, but people don't play according to Theory and if they do, it can only do so for a short period of time. Do some research on professional players who claim to make money from just playing poker alone and you will see that they do not. You will see that they must have income from other sources because they do not make a profit most of all the time
@@wecvgb9 "You will see that they must have income from other sources" they do not make a profit most of all the time" It would be stupid to not try to create multiple streams of income, whether you play poker, work a day job, doesnt matter you want to invest, find more ways to make money. "they do not make a profit most of all the time" that is not exactly nor does it necessarily matter. As long as you are winning big, and losing small, thats profit. "you play optimal poker all the time! Your skills diminish and change day to day week to week month to month and year to year." This is only true if you do not try to improve everyday, if thats true then you are not a professional poker player. a professional studies the game a lot, and adapts accordingly. "Theoretically sure, but people don't play according to Theory and if they do, it can only do so for a short period of time" SAYS WHO? You? maybe because you might be undisciplined doesnt mean people who have a drive and encentive do.
@@wecvgb9 You don't have to play "optimal poker all the time," you only have to play poker that's better than your opponents. Your skills do not "diminish" unless you're mentally weak and let irrelevant things (like variance) negatively affect your decisions. Basically I (and every other pro that's been playing for decades) completely refute your nonsense that you can only win for a "few months or years." Poker has been my main source of income for almost two decades now. What do you mean poker "isn't designed to be played for profit?" It's a game of probabilistic decision making. If you make +EV decisions then you'll make profit the same way casinos do because the math is on your side. The way you figure out how much you make "over the long haul" is simply to keep track of how many hands you play and how much money you make; there's a ton of software that will do that if you play online. There's plenty of similar live play software for that too, but it calculates your winrate per hour instead of per 100 hands. I'm well aware that a lot of top pros have other income sources; that doesn't mean they're not long-term winning players. One problem for many top pros is finding games where they have an edge, because they don't have an edge against other top pros, or if they do it's miniscule. One challenge for players at all levels is finding games with weaker players. Do that and you're golden. Live it's pretty easy because recreational/casual players are very common live.
If u have 100 full buy ins short term variance is irrelevant..a good winning player who does no tilt and game selects well can beat live 5/5 and 5/10 cash games in LA for $60 ph...so u can earn urself a decent living...but ur not going to get rich at those stakes...
My least favorited people to play poker with are people who try to be "professional" or take the game super serious. It's a game. I want to "play" i.e. have fun. Not sit silently whilst staring at your dumb looking, hoodie and hat and sunglasses wearing ass while you listen to books on tape and act like you're bored and would rather be anywhere else.
Poker is pain? False, true and true. True for most players suck and don't have the backbone either. True in trourney poker. Not true for cash poker if you possess high poker IQ, and have solid EQ too. Sure losing hands can be hard sometimes, but its soon history and on to the next hand. Poker ain't pain for me.
Any tips on how to get better at poker? Is sit and gos the way to go for cash, tournaments, or cash games? Do you have any suggestions on who to study, videos, books to read?
@@bradbaley5251 I was driven to read dozens of books. Sometimes reread like Harrington on tourney. I got all 3 books and read them all twice. I listened to 100s of podcasts. watched 100s of youtubes. You'll know you're better then most when the best players at your cash game bring you into their circle. You need to have great players as friends to talk over hands. I played over 10,000 tourneys online. Deep field. Probably 20,000 single table. Oh yeh, keep track of every dollar you win and lose. I play cash at Hollywood Park. Good luck.
The reality of poker is that 75% of it is boring. 15% is painful 10% of it is pleasurable. However if you play correctly, the pleasurable part makes up for the rest. That being said, you can go months being lean just min cashing, busting, etc. it’s boring, cause you put 5 hours in just to min cash. But when you dub a tournament. Feels amazing. Remember, nobody wins them all. If you win even just 0.5% of the tournaments you enter, with an average field of 300 players. You’re doing well. If you can regularly final table 10% of your tournaments, you are doing very well. Once you get your final table numbers up, then you can focus on mastering how to dub and win those final tables. If you’re impatient, or looking to make money whilst having fun, do not try to be a poker pro. If you’ve got the brain to be a poker pro you honestly might as well go to uni, study finance and mathematics and try to work for a bank. You’ll likely make more money in the long run. But if you LOVE poker and can dedicate yourself to the discipline of patiently playing it and studying it. You probably will make less money than in banking, but you’ll be playing a game you love for a living.
-Great Advice, Pro Poker Player = The Coolest Job Ever? Wrong! The Hayday Of Poker Is G.O.N.E. Gone! Due To The Cheaters & Scammer's It Has Lost It's Cool & The Gang Rep. Their Are More RU-vid Clips These day's About Scammer's & Cheater's Who Have No Respect For The Game Of Poker Or Poker Pro's. (It's A Shame But True) Poker Has Changed, (For The Worse) Sorry But The Glory Days Are Gone!!!
Don't listen to the clowns. You are correct. Be careful where you play. The cheating is outrageous. Poker is pulling a chess with the cheating. It's still a great game if there's genuine fair play taking place at the tables
The truth is.. the best poker Pros are only profitable at poker for a short period of time, because of the variance built into the game. No one can maintain that level of mental discipline to capitalize on the tiny margins of profitability. That is why most experts estimate only 2% or fewer poker players ever make money at poker. Much less become professional players who earn their living from it. It is next to impossible to earn more than $30 per hour at the poker tables and that's if you play Perfect poker, against weak players, and don't have to spend very much money on expenses to play. In other words, in order to earn your living exclusively from playing poker everything has to be near perfect for just you. That is why hardly any of the pros you see on TV make most of their money from poker. They don't.
I played professionally for about 10 yrs Put my kids through private schools and college. I also got divorced my health deteriorated and my attitude towards others got piss poor This is the most stressful way to make a living especially when you are on a losing streak And they happen to everyone I’m still a winning player but I only play when I feel like it and I never play in the size games I use to play in when I needed to make money. Now I play because I love to play poker
I've been looking at going professional. Cash game proven winner tournaments I feel like I'm pissing my money away. Would you ever consider playing tournaments at all or just cash?
@@thebadbeatbetty I made it playing in cash game’s every day. I would occasionally play in some tournaments and I won my fair share of money in them But that is a tough grind looking for a big hit in my opinion.
@@thebadbeatbetty I can assure you you don’t have play tournament poker to make it in the poker world If you do go pro. Make sure you keep some balance in you life away from the tables When I first started I played 10-12 hrs a day everyday trying to build a big bankroll and it burned me out You have to keep poker and your life outside poker separate. Don’t let those bad days come home with you
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