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Fumseck
53o
Joined: 17 Jun 2005
Posts: 3152
Location: Quebec, Canada
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 Posted: Fri Dec 09, 2005 5:32 pm Post subject: Piemaster Article - One week as a Pro |
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Nice article Pie, I enjoyed it!
I have a few questions for you:
1) Did you multi table, if so how many tables?
2) Where did you play? I think you usually play at Party (not sure). But in this case did you only play at one site?
3) Do you have rakeback? If so is it included in the winnings?
4) Did you chase any bonus during that time?
5) Did you only play 5/10 or also other limit / type of games (SNG, NL, PL)?
6) If you where to play professionally how would you cash out your winnings? On a weekly or monthly basis and how much (% of the winning, % of the BR, fixed amount, etc…)?
If any of these questions is none of my business feel free to disregard them.
Thanks. |
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Fumseck
53o
Joined: 17 Jun 2005
Posts: 3152
Location: Quebec, Canada
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| Posted: Fri Dec 09, 2005 5:33 pm Post subject: |
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In the article you mentioned that your broadband connection failed you. I don’t know about ISPs in the UK by my ISP here in Canada offers broadband and free dial-up for 10h a month.
So I can use dial-up if my broadband connection fails. It’s slow but it gets the job done. Just thought I’d mention it since this is a cheaper alternative to having 2 broadband connections.
Using my dial-up connection saved my butt once when I was playing an MTT tournament. |
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DTheater
53o
Joined: 19 Apr 2005
Posts: 4540
Location: Around Edinburgh, Scotland
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| Posted: Sat Dec 10, 2005 2:27 pm Post subject: |
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great article. very interesting read.
i dont know if i could stick to your plan of getting up a 6:00am every morning though!
i could probably sit in bed with a laptop though so maybe there is a compromise!  |
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Piemaster
Author of THE POKER MINDSET
Joined: 15 Jan 2004
Posts: 6711
Location: London
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| Posted: Sun Dec 11, 2005 12:50 pm Post subject: Re: Piemaster Article - One week as a Pro |
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| Fumseck wrote: | Nice article Pie, I enjoyed it!
I have a few questions for you:
1) Did you multi table, if so how many tables? |
I play three tables at a time. This is the most I can realistically play without really hurting my win rate.
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2) Where did you play? I think you usually play at Party (not sure). But in this case did you only play at one site? |
Yes, it was all at Party
| Quote: | | 3) Do you have rakeback? If so is it included in the winnings? |
No I don't have a rakeback deal
| Quote: | | 4) Did you chase any bonus during that time? |
No. I am not much of a bonus chaser to be honest. I tend to stick to party and just complete whatever bonuses I can do without having to change sites and stuff.
| Quote: | | 5) Did you only play 5/10 or also other limit / type of games (SNG, NL, PL)? |
Nope, I played purely 5/10 6-max which I think is my best game. While I would be open to the idea of playing other games, I really wanted to simulate the grind for this week. I wanted to see if I could play 8 solid hours of poker per day without doing anything to 'spice it up'.
| Quote: | 6) If you where to play professionally how would you cash out your winnings? On a weekly or monthly basis and how much (% of the winning, % of the BR, fixed amount, etc…)?
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The way I would like to do it is work out what my expected earn rate per month is and then pay myself about 75% of that as a wage. That way my bankroll should grow slowly and I would have a regular income. I certainly wouldn't start trowing money around if I had a good month.
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If any of these questions is none of my business feel free to disregard them.
Thanks. |
Always willing to answer any questions. There is nothing about my poker life that is a secret. |
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jfletcher
2K Club
Joined: 24 Aug 2004
Posts: 2928
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| Posted: Sun Dec 11, 2005 1:59 pm Post subject: |
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Hey Pie, great article.
I'm curious about how you had to keep changing tables to find good games. I think it's hard to tell just from the lobby what tables are good or bad. Also, the composition of a table can change so much with the addition or subtraction of one player -- especially at 6-max -- that sometimes you get to a new table and find it's suddenly worse than the one you left. Then there's also the time you lose merely by sitting out and waiting for your new seat.
How did you approach that? |
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MikeWoodhouse
Joined: 12 Feb 2005
Posts: 29
Location: London UK
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| Posted: Sun Dec 11, 2005 2:13 pm Post subject: |
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All very illuminating and a good read to boot.
I'm curious about the Monday-to-Friday aspect of the experiment: I would have thought that your weekend win-rate would be rather higher than on weekdays (probably excluding Fridays) - since one should be seeking out the best games, would it not have made sense to log some time then, perhaps giving yourself the chance to miss the Friday a.m. hangover session without guilt?
As another Brit, I thought the time aspect was interesting - it highlights the problems with playing at the peak times when 5 to 8 hours ahead of the main body of players. Wouldn't it be lovely if a similar quantity of Europeans took up the game? |
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Piemaster
Author of THE POKER MINDSET
Joined: 15 Jan 2004
Posts: 6711
Location: London
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| Posted: Sun Dec 11, 2005 5:03 pm Post subject: |
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| jfletcher wrote: | Hey Pie, great article.
I'm curious about how you had to keep changing tables to find good games. I think it's hard to tell just from the lobby what tables are good or bad. Also, the composition of a table can change so much with the addition or subtraction of one player -- especially at 6-max -- that sometimes you get to a new table and find it's suddenly worse than the one you left. Then there's also the time you lose merely by sitting out and waiting for your new seat.
How did you approach that? |
That's true and it's because of this that changing table was so important. You could be at a table with 3 decent players, one weak and one extremely weak and it is a good table. All of a sudden, the extremely weak player goes broke or just leaves and a good player joins and the table has gone from juicey to poor at the drop of a hat.
It's true that sometimes you join a table and after you have played for a while you realise it was no better than the last one. Nothing you can do but get up and try again. It's a never ending battle. |
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Piemaster
Author of THE POKER MINDSET
Joined: 15 Jan 2004
Posts: 6711
Location: London
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| Posted: Sun Dec 11, 2005 5:06 pm Post subject: |
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| MikeWoodhouse wrote: | All very illuminating and a good read to boot.
I'm curious about the Monday-to-Friday aspect of the experiment: I would have thought that your weekend win-rate would be rather higher than on weekdays (probably excluding Fridays) - since one should be seeking out the best games, would it not have made sense to log some time then, perhaps giving yourself the chance to miss the Friday a.m. hangover session without guilt? |
One thing that I have realised is that if I want to play poker professionally, then it is vital to keep a balance between my work and home life, just as if I was in any other job. If I work weekends all the time, I'm not going to be very popular with my girlfriend, or my mates.
I'm not saying that I wouldn't play at the weekend at all. It's just that I would rather maintain a schedule that allows me to keep them free, and then I can treat any weekend playing time as a bonus, that I can either use as 'overtime' or give myself a day off during the week. |
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cybrarian
Retired Moderator
Joined: 05 Dec 2003
Posts: 11060
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| Posted: Sun Dec 11, 2005 6:37 pm Post subject: |
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Cross-posting a question from Ikee in the General Forum:
| ikee wrote: | | Hi Pie, really enjoyed reading your article and wish you well if this is to become a full time job, I have a question for you regarding this venture as with playing around 10,000 hands plus a week at 5/10 you must also be doing a rakeback deal? as for that many hands you would be missing on a lot of money actually half your weeks earnings for that week. |
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fep
53o
Joined: 14 Sep 2003
Posts: 3107
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| Posted: Sun Dec 11, 2005 8:56 pm Post subject: |
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Nice article Pie.
I don't know if you've tried this - I like to open the 10 tables at Party and run Poker Ace. I select my tables this way instead of using the lobby. I think it's a good idea to switch tables as you suggest, I'm looking for a good seat these days as much as I'm looking for a good table.
What's your opinion of scheduling time in your week to improve your play?
I'd want to have some time allocated for eiviewing hand histories, reading poker books and participating in hand examples posted to forums. |
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cybrarian
Retired Moderator
Joined: 05 Dec 2003
Posts: 11060
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ikeee
1K Club
Joined: 15 Mar 2004
Posts: 1803
Location: Upwell, England.
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| Posted: Mon Dec 12, 2005 9:45 am Post subject: |
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sorry Cyb post now in the right place,
Think Pie if your serious about them numbers per week (10,000), you really cant afford to ignore the rake back deals as the figures can really make a big difference to your overall income. And you should speak to customer services at Party and tell them your plans and numbers and ask about this VIP deal. |
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akatul
Joined: 03 Mar 2004
Posts: 109
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| Posted: Mon Dec 12, 2005 12:53 pm Post subject: |
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Pie,
Great idea for an experiment. I hope others try this as well and post their experience. Just curious if you checked PT stats to compare this week to another week, one where you may have played at night. While keeping intouch with the GF and mates is important, I wonder if your stats will show you a more profitable time to play.
Also, I did not notice if anyone suggested using a laptop. I have a laptop with a wireless network. Now, when I'm feeding the kids or hitting the WC, I've got my laptop with me...just incase I get AA! Since it is portable, if something were too happen with my connection/power at home, I could packup and find a WiFi network somewhere to use. |
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JayCeeEll
Joined: 09 Nov 2005
Posts: 23
Location: Exeter
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| Posted: Mon Dec 12, 2005 1:22 pm Post subject: |
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Great article, just one point you got wrongish.
In the UK if your MAIN source of income is from gambling you will be taxed as normal. It is only when gambling is a secondary source that it is tax free.
So with income of $50K ~ £28K you will be in the 40% tax bracket for the last ~8K |
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Piemaster
Author of THE POKER MINDSET
Joined: 15 Jan 2004
Posts: 6711
Location: London
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| Posted: Mon Dec 12, 2005 1:30 pm Post subject: |
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| JayCeeEll wrote: | Great article, just one point you got wrongish.
In the UK if your MAIN source of income is from gambling you will be taxed as normal. It is only when gambling is a secondary source that it is tax free.
So with income of $50K ~ £28K you will be in the 40% tax bracket for the last ~8K |
Not actually true. The Inland Revenue do not recognise gambling as a profession, and so do not tax it at all.
I have been reliably informed of this by my girlfriend, who is a tax inspector. |
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