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Aug
18

Becoming a Pro Poker Player

For a couple days last week I didn’t work. I woke up, walked to Casa, ate my lunch, sat with my friends until lunch hours ended, and then sat in the empty restaurant, staring out the window.

What do I want to do with my life? Not the whole thing, but right now.

Conversion Doubler isn’t going to get off the ground. It turns out that too many people have bizarre unique requirements that reduce it’s usefulness. The book is going okay, but at the end of the day I hate marketing and don’t want to spend my time doing it.

I love this site. I love writing articles, working on the design, and reading peoples comments. My friend Annie asked me what the best compliments I get are, and among other things I said, “getting e-mails from people saying I changed their lives”.

In other words, the one constant productive thing I’ve enjoyed doing for the past few years is this site. It’s rewarding on a lot of levels.

And here’s the good news: for the first time ever I checked my all time subscriber stats for the site. And they’re going up. Not just a random pattern, but a smooth line upwards.

So some day I will probably make enough money from this site that I don’t have to do anything else. That will be awesome.

Maybe it will take six months, maybe five years.

But until then, I need to make serious money. More money, more plane tickets.

An old friend from the pro gambling days sent me an IM. We chatted for a few minutes and he asked what I was doing.

“Trying to figure out what to do next.”

“Always poker.”

Within a few minutes I decided to become a professional poker player.

Poker is beautiful. It weaves together psychology, math, logic, and discipline all into one. It’s honest. You sit down with your own money and you back everything you do up with real cash. You’re there to take your opponents money, and they’re there to take yours. No pretenses, no marketing hype, no finding customers. Just your brains and your wallets on the table.

People think it’s about luck, but it’s not. A small enough slice of a game can be luck, but a career isn’t. The better you are, the less luck can come into play. Amateurs have good or bad luck, but pros don’t.

Unfortunately, I’m not very good at No Limit Hold ‘Em, the game of choice. I’m good enough to place in most home tournaments, and bad enough to get eaten alive at a real table.

I’m pretty good at Limit, but it’s not fun. It’s a grind and to make money you have to play 6-12 tables AT ONCE online. It’s frantic and robotic. I had a world class teacher when I was in LA and I gave up because I couldn’t get into it.

Some of the hardest parts of being a poker player are things that I have in my blood now. I have no emotional attachment to gambling. All of the math is familiar and some of it is automatic. I can handle swings.

At the same time, I have TONS to learn. I’ve been watching videos and reading the bible of No Limit, and I now realize that I knew nothing about poker. I know five percent of what I’ll need.

The good part, though, is that all of the information is out there. If I understand everything in that book, I’ll be making six figures working ten hours a week. With my new-for-this-year turbo discipline, that’s probably just 2-3 months of intense all day playing and studying. There’s a clear path to mastery (or at least winning player level proficiency). Maybe I’ll lose money along the way, but it’s the price of education. Think of how much normal people pay to learn skills that make half what a poker player makes.

For those who want to follow along at home, here’s my current plan:

  1. Read the Sklansky book at least a couple times a week.
  2. Watch videos from www.deucescracked.com every day
  3. Play at Full Tilt (sign up using the ad on my site to support the guy who bought it) at a .25/.50 table for at least 5 hours every day.
  4. Use a rakeback to get 27% of the casino’s profit back.
  5. Track my progress with Poker Tracker.
  6. Make sure that I’m USING the techniques I learn, rather than reverting back to old habits.

That’s the plan. I’ll keep you updated.

Hated ItBoringSolidGreatA Classic (7 votes, average: 3.57 out of 5)
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If you liked this post, you might like these related posts:

  1. Poker Progress An update on my progress towards my goal of becoming a professional poker player....
  2. Poker and Pickup: Thinking Levels Similarities between learning poker and pickup, and why it's so important to understand the subtext of conversations....

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There are 22 Comments.


Matt
Aug 18th, 2008 @ 5:57 am

Tynan,

It seems like you have a solid plan to get started. During college I was a prop player for Absolute poker for about 1.5 years, till the program ended. Poker is a hard way to make an easy living, but it can be fun and rewarding. If you have any questions, feel free to drop me a line. Good Luck, Matt.


Dave D
Aug 18th, 2008 @ 6:40 am

I sent you an email asking about CD. Let’s talk.


elai
Aug 18th, 2008 @ 9:00 am

Hey you should really automate it and make a poker bot. You know programming, right? It might be a bit too much CS & High level maths although.

Aug 18th, 2008 @ 11:31 am

“Poker is a hard way to make an easy living” Very true. A good friend of mine makes his living playing poker online. He makes good money, but he definitely has to hunker down sometimes for many hours to make a profit.

In fact recently, he has been questioning his career in Poker because he’s been investing a lot of time the last couple of months, just to break even.

It IS possible to make a good living playing poker…just not easy, and it definitely takes a certain personality type. (Something I wouldn’t be able to do, but I’m sure Ty will do OK)


tim
Aug 18th, 2008 @ 1:55 pm

I’ve been considering doing this for awhile now. I am already good at poker at a casino, and am trying to prepare myself for online play. I am in the learning phase, because I want to be fully prepared before I start.

I only play no limit because I suck at no limit. This seems counterintuitive, it should be easier, but I just play limit the wrong way.

What really helped me get better at no limit was I started by joining a tough home game. Buy ins of 20 or 40, rebuys as much as you want. Everyone playing was reading poker books, so the only way to keep up was to read books too. I never made a lot of money at these games, but I learned alot.

Once you get good at a tough game, and realize that most people at the casino (or online) are not nearly as skilled, you can learn to dumb down your game and make some money.


FredBear
Aug 18th, 2008 @ 6:36 pm

Hey after reading Phil Gordon’s Q & A on the Freakonomics website,link here, this past April, I decided to get serious on No Limit.

Favourite quote from article: ‘To make $100,000 a year playing poker, I’d have to play about five hours a week.’

Currently playing on Paradise Poker, might make the switch to Full Tilt or just play on both. Only just heard of this Rakeback jazz from your post in the forums, so that too, thanks.

I’ll post my stats from my last 6000 hands in the forum.

Anylard, good to hear you’re taking on Poker.


DP
Aug 18th, 2008 @ 7:20 pm

Here is a guy that has an interesting write up on creating a poker bot:

http://www.codingthewheel.com/archives/how-i-built-a-working-poker-bot


murphy
Aug 19th, 2008 @ 7:30 am

I hope you don’t mind me offering unsolicited advice.
You said yourself that your most fufulled working on this website because it gives so much value. Proffessional poker doesn’t give much value, it’s a value neutral exercise.
I’m really disapponted you’ve given up on the conversion doubler, it seemed so cool.


DP
Aug 19th, 2008 @ 11:28 am

Here are other startups that Paul Graham say need to be created: http://ycombinator.com/ideas.html

Might be a bit more deterministic than poker.

Aug 19th, 2008 @ 12:26 pm

Hey Ty,

We’re looking for a few good bloggers over at Crowd Fusion. I’m sure I could put a good word in for you.

Crowd Fusion is the next project by the guys who created Gadling (and all the blogs on that network) and we should be launching our first site soon.

I’m on the dev team. It’s going to be fantastic!

Nick

Aug 19th, 2008 @ 1:18 pm

I have to agree with murphy. I imagine it’s as fulfilling as daytrading…


Jay
Aug 19th, 2008 @ 2:03 pm

There is definitely a lot to know about no limit hold em. I have friends that play in Vegas, one that won 10,000 in the Bahamas. While most of it is skill and knowing how to read people and situations and betting patterns, you also have to analyze the skill level of the people you are playing against. Some of it is luck, and there are people who will play it like that and get lucky, a lot. Good luck to you though.


dave
Aug 19th, 2008 @ 10:25 pm

I am wondering: is poker like starting out in any other business? I mean– when I started dealing with real estate, I had some beginners luck, flipping houses, then made alot of mistakes which cost alot of money. Eventually, I caught up with the learning curve but some of those lessons were expensive. Now I probably know 10x more than your average beginner. Is there a comparison here? Just wondering.


dave
Aug 19th, 2008 @ 10:31 pm

By the way, you seem to view it as something that comes easily, but your storytelling ability is far and above what the average person out there can pull off. I’ve read the book– I am still not clear about it and not really sure where to go with it. ’storytelling’ is an awesome skill to have– whether its pickup or everyday life or whatever. How about some Tynan run classes? You get 10 people together and charge $50/each. That’s not bad for let’s say, 4 hrs work.


vanmartin
Aug 21st, 2008 @ 1:22 am

This may sound harsh but I really think you struggle with seeing things through. A few examples:
- Posting your productivity in the accountability forums
- Updating Life Nomadic (things like country report cards and posts on your last month of travel - it still feels like there are a few stories missing)
- Best in the land
- Conversion Doubler

I agree that you should be focusing on your writing but three of the four things mentioned above are writing related.

I might be way off the mark here but perhaps you need to just give that last 20% in your projects to start seeing returns?

Aug 21st, 2008 @ 4:44 pm

“If I understand everything in that book, I’ll be making six figures working ten hours a week.”

If you’re just starting to play poker now, it’s very unlikely that you will be making 6 figures only playing 10 hours a week.

The biggest thing most people need to understand about playing poker is bankroll management. If you play over your bankroll you will go broke no matter how good you are.

Read all the books, watch all the videos, and practice good bankroll management.

Good luck at the tables!

-Adam

Aug 22nd, 2008 @ 12:36 am

Hey Tynan,

Not sure if you’ve seen it already, but Yaro Starak blogs and teaches using blogs to make your living. I’ve been reading his material lately, and it seems right up your alley if you’re considering making it your main source of income.

Here are some links: http://www.blogmastermind.com/ (coaching/course) and http://www.entrepreneurs-journey.com/ (blog). Hope this helps!

BTW–finding out about pickup has changed the way I interact with people, and your writing is one of the few that I continue to respect, admire, and be influenced by.

Thanks!
Alex


Magnus
Aug 22nd, 2008 @ 1:36 am

“This may sound harsh but I really think you struggle with seeing things through.”

No sh*t! I know this only too well, because I’m the same way.

Ty, 99% of those CD requirements would be solved by building a stand-alone CMS into it. At the rate you produce things that’s like a month locked away in Panama, at the end of which you’ll have the internet marketing product that everyone wants and everyone else wants to promote.

The trick for creative people is to find others to take their creative sparks and run the distance. Find a Philippino programmer to hack on CD. Find someone who’s passionate about pick-up marketing to write your book newsletters.


luke
Aug 24th, 2008 @ 11:48 am

Why don’t you just go back to whatever you were doing as a pro gambler before? You already know how so there’s no learning curve and you were making more than your lawyer friend, according to one of your recent stories.


Dr. Pepsi
Aug 27th, 2008 @ 12:24 pm

Poker is one the least-fulfilling things you can do for a career. I’ve done it for 3.5 years, and am much happier since I quit. The money is nice, but the swings sap your motivation and playing skills.

Here’s the results from a few of my months.
March +$2500
April +200
May -50
June +4500

I played about 40,000 hands/month. In May I was up a few grand, then had a downswing that crushed me. Playing poker professionally just adds to the stress.

The best advice I can give you is to not take poker seriously. Don’t turn it into a 4 hours/day 5 days/week grind.


Aldo
Sep 11th, 2008 @ 7:05 am

Hi. Why don’t you try this: Go and play on Silver Sands online poker. I’m in South Africa and we are sort of “getting on the map” thanks to Ray coming 3rd in the world series a year ago. If you want, I’ll send you an Invite. That way be both make some money. Most importantly there are 2 features that might interest/help. One: you play in Rands (about 8R-1$) and 2 there are a large number of tournaments with re-buys. I’m not a fan of re-buys, but they allow for you to come back from a mistake but still be in the game. Might be good practice. There are some very cheap low-buy in tournaments. If you are interested e-mail me and I’ll send the link. My name is Aldo and my online name there is Tigershark. I play live 1-2 times a week and actually supplement my income with cash games and the occasional tournament. Good luck.


AJKHoosier1
Oct 10th, 2008 @ 12:02 pm

Run, run while you can. Get an application to starbucks. Its not just get in make money. Its much harder to make six figures.
-Alex

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