I play poker for a living, does that make me degenerate Sup Forums?

I play poker for a living, does that make me degenerate Sup Forums?

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>gambling

Why not just learn stocks and options?

Dan Bilzerian confirmed for Sup Forumsack

Probably not more than earning money from any other sport

How do you get into stocks? Is there a redpill guide for learning the stocks?

How much do you earn a year? Is it true that poker players are horrible with money because you're used to seeing thousands of dollars come and go like the wind blows?

Not in my opinion, playing poker for a living takes a lot of dedication and skill. It is not a career though, and in few jobs does it get harder to make the same amount of money each year. I would use the money from poker to help me start some real career, e.g. by funding university education.

follow the nose

I think you should go to your nearest walmart.Go to their men's restroom (assuming your gender). Look promptly at the Urinal. See that round mint floating there in what looks like residue piss? Go ahead and grab that and place it directly under your tongue. Its the latest progressive trend and everyone is doing it! The real high doesn't kick in until you go look in the mirror. Go ahead take a nice long look. After you have fulfilled your homosexual desires fucking bash your god damn head into the sink repeatedly until the mint under your tongue begins to taste like a black-cock foreskin.

take the real bogpill
bogleheads.org/wiki/Lazy_portfolios

"Stocks" is a very large area

I suggest doing a bit more research and find out what your goals are

are you good with tells

Dan bilzerian doesnt win money at poker, he launders it through private games

Tells dont matter, just online bots and russian whales

where do you play, user

I also play poker for a living. It is sort of degenerate and also sort of not.

It is degenerate because poker is a zero-sum game plus there is rake. Your profit is the sum of the mistakes your opponents make against you minus the mistakes you make against them. If you're optimizing for profit you're going to be picking the games with the absolute worst players. That means you will spend most of your time associating with complete degenerates who you kind of hate and only spend time with because you want to take their money.

It's sort of not degenerate because the study required to be a good poker player teaches you a huge number of skills that can be transferred into the business world. Also semi-retired multi-millionaires, venture capitalists, celebrities etc LOVE to play poker recreationally so if you're able to socialize with them and teach them a little bit about the game that's extremely +lifeEV for you because they will value your company a lot if you are friendly with them. They will also see you as similarly elite as them even if you're only a redchip grinder with a $50k bankroll that luckboxed a stake to play in their private game, now you're that cool young kid that knows all about poker and can bluff billionaires and CIA agents etc.

Buddy of mine used to play a lot in backrooms and casinos. The closer your opponents are on the same level with yours, the more luck matters.

nah, it's good for the mind.

Yep. It's essentially theft and you add nothing to society.

oh, the most important part I forgot to mention.

I played poker all day every day for 3 years straight as a professional. I've since had two more stints as a professional (am currently in that second stint) but in between I worked in business and kept my resume up doing 9 months here 10 months there some consulting jobs etc. If you're really good at the game you can take time off and come back and be back in form with just a little bit of study to brush you back up, at least I can. But keeping that resume up is really important because ultimately you can make more money not in poker than in poker if you have the skills and intelligence to be a really good poker player.

How about you stop worrying about how others perceive you and live your life true to your ideals, you spineless cunt?

Yes
youtu.be/OhK03o0P814

You don't play poker for a living. Let me give you all the red-pill about poker.

No one, not one pro, not a single soul plays poker and can make a living off it. Especially in this day and age when the game is way harder than it used to be and you have raging autistic maniacs killing the game.

Now, that being said, there are instances where people have won big tournaments or have went on a hot streak and won big money. The smart ones leave the game at that point. The rest continue and end up squandering a ton of cash and crashing.

The "pros" you see on TV are not really pros. They are either paid actors, shills, gimmicks (Phil Hellmuth), old war horses from the age when you could make money (Doyle Brenson), maniacs who don't know when to stop (Dwan), and con artists. Most of these people are staked in the games they play. They play with other peoples money. In other shows, the entire thing is staged. Freaks like Phil Ivey get revenue from other gambling ventures and poker is only a side gimmick to draw advertisers and sponsors.

>playing against an equally skilled player
>50% flips dont work out in your favor
>lose

why would anyone do this for a living

I earn $60/hr as a $5/$10 player but I don't play 40 hours a week, so I make about $100k a year when I'm playing professionally. That is about as high as you can expect to make as a casino player so in general you've reached the peak as a poker player once you've hit that point. Casinos rarely spread games larger than $5/$10, thats about the biggest game you can expect to find in a casino. I have two friends that play in private games for much higher stakes and they correspondingly make a lot more money than me, however you need an incredibly large bankroll to play in those games, and I basically don't grow my bankroll and use poker to fund a lifestyle when I'm playing professionally. I also don't have the heart to play for $100,000 cash pots. Playing for $12k in the middle already makes my heart feel like it's going to explode.

There is a good number of professional players however the percentage of players who have the skills to make a living off of it is about 2% of all poker players and even less of that actually plays professionally at any given time. There is a long, long list of pros who retired from poker. That isn't cause they couldn't beat the game though that's because once you get to ~$4 million in the bank there are much less aneurysm inducing ways of making millions of dollars than playing nosebleed stakes poker.

It is VERY EASY to get burned out in poker. Pros like Galfond didn't get passed up by the game, they got burned out and had too much money to feel the drive.

are online games rigged or am i legit just not capable of contemplating variance?

i see people lose with 99.80% equity all the time.

are online training sites worth it?

do i have to grind out millions of hands to make it? if so how do i bankroll myself?

im up 5x over what i initially put in.

it just seems all bs on stars right now. i play large mtt because i had to cut myself off from cash tables over retarded losses

What's the difference? They're both gambling unless you're an autist with numbers.

You smoke a lot of weed dont you?

online is not rigged. you have less than 0.2% chance of contracting HIV from fucking an HIV+ person but it happens all the time.

online training sites are worth it but only if your coach is good. there's some fake bad regs out there fronting as coaches for ego purposes *cough*BARTHANSON*cough*.

MTTs are softer than cash in general. the variance is higher. you also have to play with different styles, your style might be effective in tournament but gets exploited badly in cash game and you don't recognize it.

you don't have to grind out millions of hands. most live pros have not played a million hands over their whole career.

study Kelley criterion to learn bankroll management correctly but a good rule of thumb is you should have at least 25 buyins and if you dip below that go lower in stake so you can play with worse players until you're good enough to move up again.

I can't even play on stars because of burger laws so don't bitch about being able to play with Russians too drunk to make it to the casino to me.

>thinks it's impossible for a genius to make a killing at poker
Boy are you wrong

I would say it is even less than that. Maybe 0.5%. There is just too much information and strategy out there to be competitive.

It is even worse in the entertainment value of poker. The WSOP does not mean shit anymore because of the amount of brackets they give out. All these new young and upcoming poker "stars" have raging autism and not the good kind. They are anti-social. There are no characters in poker.

yeah of course I see swings for thousands of dollars every day in actual cash I just pulled out of my wallet lol you have to pick something to deal with the stress and weed is healthier than alcohol

Shut your mouth degenerate. I didn't say it was impossible. The point is that a "pro" poker player is something totally different than what a fish imagines it to be. Its more about sponsors, gimmicks, getting staked and being incredibly lucky.

>online training sites are worth it
i screengrabbed everything i could from runitonce over a month for $10. I havent really bothered watchign any of it again desu...

>our style might be effective in tournament but gets exploited badly in cash game

I find that I end up punting it away a lot more than i should in mtt, i follow the numbers, all in with 80% equity and bam im out. I realize that I can expect to lose if i do this 5+ times in a tournament.

still its hard when you have 100bb and get shoved on when you flop trip Q.

i know bankroll management and try to stick to 1000 buyins, im still technically at microstakes.

>bitch about being able to play with Russians too drunk to make it to the casino to me.

brasilians are worse, all in with nothing and yet they win every time. makes the game hard to stomach over the long run esp when i can make more doing other shit without raging.

autism is not a benefit for live poker.. at all. none of the top live players right now are autistic. negreanu is basically the least autistic leaf to ever come out of Canada. some people think Dan Colman is autistic but actually he's just sociopathic.

They are the same thing, only the latter has a greater chance to fuck people over.

tell me moar.
i make 2k$ a month in online-poker. for russia its a good salary.

yeah i'm primarily a cash game player so i'm not the person to talk to about dealing with the brutality of tournament variance and managing your expectations for them.

there isn't really a big lucky part to being a pro, except for the few people who got sponsorships because they luckboxed the wsop main event or whatever like moneymaker.

sponsorships are part of every other professional game, pretty sure fish know the guy wearing all poker stars clothing for the 10th time hes been on ESPN this year is getting money for it.

staking is real but basically irrelevant. when you play on a stake it basically means playing in that game with your own bankroll doesn't make sense for you under Kelley criterion but it does make sense for someone else with a bigger bankroll to stake you in it.

you're trying to argue that pros make their money from the net of sponsorships, "gimmick" money which I don't really get, and being able to lose at poker with other people's money and sometimes getting lucky but mostly losing... which is really far from the truth

>yeah i'm primarily a cash game player so i'm not the person to talk to about dealing with the brutality of tournament variance and managing your expectations for them.
is the secret really just equity against perceived range?

also out of me and all of my friends who are professional players none of us have sponsorship or gimmick money. there are a few who are prop players (meaning they are paid by the casino to play so many hours but not staked by the casino) and a couple who play on stake but nobody ever talks about how they're trying to get a stars sponsorship.

IF you think online is rigged, quit poker

They only care about rake there

Its about outthinking your opponent and never being wrong

Would poker professionals make the best military generals or the best international diplomats in the world? They're like chess players, but smarter

nah that's just the formula for calculating galfond bucks.

there is an extreme amount to poker strategy. really good players spend at least a third of their poker time continuing their study of poker. I actually do about half study half play-time. I count posting in threads like this as study.

I pay my rent with baccarat

goal is making shitloads of money

how do I buy into a stock or invest in something that will increase 10x in value over a few years? I want like 2011 bitcoin prices here, how do i do that? I have like $30k i can invest

you can't do it. your bankroll of $30k is also completely insignificant for that kind of game.

you're better off investing the $30k in your self until you become the kind of person other people want to invest their own money into (because of Kelly criterion factors).

i am highly educated in mathematical finance and specialised in options pricing.

your only hope is reading up on basic diversification and then pick 20 stocks you like, download some scripts to calculate efficient trading frontier of the markowitz portfolio.

put that $30k into an interactive brokers account and roll over your own portfolio as necessary.

you have no hope beyond this unless you spend 6+ years studying mathematics.

i play poker for shits and out of general interest.

poker variance is insane though. mtts are soul crushing even when the money doesnt matter

I dunno man if I had invested the $30k in bitcoin in 2011 I'd have like $30,000,000 right now