Just watch out for the cold streaks -- when they come (as inevitably they will) you'll be running back into the arms of mama market faster than you can say "Gimme edge!" Came up with an analogy between Slansky's theorem of poker and trading on my signature link below, let me know if it makes sense
no kidding... I hit one about 3 months ago and it sent me running into the arms of the pros at 2 + 2. I got some stories over there that made my blood run cold - losing streaks measured in months, not days. Notice the CNN piece on internet hold-em recently? Unlike a bull market, where making the cover of Time magazine means the end is nigh, I think this trend has some legs in it yet. The TV coverage is now hard to avoid and some of my friends who have never had anything to do with cards are saying 'Gee, that looks like fun' and asking me if it is safe etc. I only wish I lived near a place that spread live NL ring games - I'd love to feel the difference when you have a live human being to read. But then again, maybe it wouldn't be a winning proposition for me since my game involves very little trickery. I'm quite sure that I have a 'low-mid limit internet game'; I'd probably have to retool it to survive at the live high stakes games. BTW - anyone who thinks bad beats only happen online should check out the WSOP or other tourney broadcasts - there is some kooky shit on there as well. Anyway, good luck to the poster who said that he made his first $15.
been averaging $6 an hour at 2/4 for the past 6 weeks now and have placed in 19/24 $20 tournaments played the problem with me is when i sit down at a high stakes limit or NL cash game, i can't seem to play my game; not to mention the fact that those games play differently than what i'm used to in a low limit or tourney situation btw, check out pokercharts.com, pretty cool statistics
I make over $200/hr multi-tabling 15-30, not to mention over $2k/month in rake rebate. PM me if you want to earn rake rebate. I've tutored two other players who built $100 bankroll to $20k twice starting at 1/2 and now playing 15/30.
Both of them called. Too bad I lost them when a 9 of Spades came on the turn. Anyway, here is an excerpt of some stuff I posted on Hitman's board: "One good thing about this thread is that it got me into online poker. I started exactly 10 months ago, with $300. I started at the lowest limits, and worked my way up, turning the $300 into over $10K, playing only a few hours each night after work, and never once going into the red. For the last two months I have been making almost as much as at my job, but in half the hours. Last Saturday I moved up to a new limit, and had my first $1000 day. One problem with trading is that there is no easy way to start small and learn in easier games, like you can in poker. No matter how small you play, you are in the same game as everyone else, including the professionals, and market makers/specialists with their built in advantages, and the commissions are much harder to overcome." "[With trading] you have to risk a lot more money up front before you have any idea whether you can succeed at all. In poker you can wade in the kiddee pool of micro-limit games. The rake is higher in proportion there of course, but the opposition is so bad that you can make much more in the lower limits in bet size terms. Try to start with $300 and no experience in the market and see where you get. Think you will have developed the skills and the bankroll in one year to trade for a living? I started poker with that much and one book. Now I have enough to play in games where I can average $50-$100 per hour, and there is still room to move up. I'm not quitting my job just yet, but I don't have to. I don't have to adhere to narrow market hours - I can play a little here and there and double my income. Of course that is not all there is to it, I spent a solid year studying the game. I read dozens of books and spent thousands of hours on poker strategy message boards. And like trading you also have to be prepared to handle a high variance in your results, even to the point of having losing months."
No joke! The no-limit games are a different beast! I'm doing fairly consistently well in the low-limits and I got a good feel for it. Started playing NL touraments this week and whooooaaa!! Even though with the buy-in your only risking $2 or $10 or whatever, seeing the chips stack up in the middle of the table is intense. But NL is the place to be...
indeed, NL is where people will give up the most edge and misvalue their hands by 10x BB rather than 1 or 2 big bets in limit
Dear Igor, Let me have your e-mail address regarding the Camarilla Eq. you cracked one year ago. Send me your e-mail address at : o.petria@tin.it i'll remain indebt with you! I promised! Ovidiu
Keep in mind that IF you making a vist to Vegas, or the local Indian Casino - and you are a newbie YOU are not going to be sitting down at the NL tables to play. Nevertheless, I have found the play at NL SNG very different than fixed. I am still learning my niche at Hold'em so I am not as solid with my betting at NL. Nice thread, Patrick Q
I had been away from Party for a while and I went back last night. I can't begin to describe the play I saw there. One guy rebought a total of 10 times at the NL $25 table (I am not exaggerating). His interest was more in making chit-chat and betting like a nutcase on purpose than on making money. He told us he had lost 4K over the weekend playing multiple NL $25 tables One guy was up to $415 at this low buy-in table, just milking this poor sucker and talking to him all the while. A couple of other guys at the table were just as bad. I really need to start multi-tabling every session (i.e. more than my regular two), but I feel like I should get a couple of extra screens for that.