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Old 02-13-2006, 02:29 AM   #31 (permalink)
Marauder
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Don't go thinking you're going to make 100k/year... this is just a sales pitch by similar to a Ronco paid program.
This is the reality of grinding is that it sucks. This is NOT the game you see on TV by a longshot.

http://forumserver.twoplustwo.com/sh...fpart=all&vc=1
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Old 02-13-2006, 04:14 AM   #32 (permalink)
WillzZz
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Grinding out money in poker is not as fun a career as any normal office job. There is no community, there is no personalization, there is nothing but grinding out money.

I don't recommend it to ANYONE. Extra money? Sure! But after 3 weeks of grinding it out, you're going to go "This is stupid", and quit.

There's more to life than money, and poker is the epitomy of that. Playing the game irl is great fun, grinding it out to make a living is more boring than farming mobs for cash in an MMORPG. Same shit, different currency.

(just thought I'd be the voice of reason, before the legions release themselves upon internet sites with dreams of winning the world series and pulling down six figures)
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Old 02-13-2006, 09:16 AM   #33 (permalink)
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If you really want to make money in the shortest amount of time, master heads-up NLHE. Right now I play 2-3 hours a day, which is usually enough time for me to play 5 heads-up matches. They are just 1v1 sit&go's and I buy-in for $200 to start, and usually finish the day with a $1000 match. Now I'm an extremely consistent winner and that is only because I practiced heads-up for months straight, playing 20 $5 and $10 matches a day until I finally felt confident enough to play where I am today. My win percentage right now is about 86% (with roughly 780 games played). Typically these matches last between 20 and 30 minutes and are actually fun to play. You are in every hand (obviously) and the game is almost 100% skill. In a normal ring game, you can find yourself just sitting around waiting for the right cards (if you are a passive player) so you can turn a small profit each hour. I encourage you to give heads-up a try if you are currently struggling to make a good profit on the normal cash tables. You might just find that you are a talented heads-up player and will realize how much money you can make.

Pokerstars has the easiest players with the biggest bankrolls, that's where I reccomend you start. Twice a week I'll play in a $5000 buy-in if I can find the action. I've been relatively successful in those games (23 wins in my last 30 matches). The competition at that level is definitely much much more intense than at the $200 level.

Also, if you are trying to make a living off of this, I encourage you to meticulously keep track of your winnings and losses, and try to maintain a consistent system for cashing out.

The method I use is based on a bi-weekly system (much like getting paid at a normal job). I start with a normal bankroll and then try to win roughly 15% or higher of that bankroll every day. I then cash out 30% of my bankroll every 2 weeks. This system has helped me to build a bankroll I can play with online, as well as a bankroll offline I use to pay bills and such.

Give it a try.

Last edited by Slubby; 02-13-2006 at 09:40 AM..
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Old 02-13-2006, 04:18 PM   #34 (permalink)
Zinke
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I've just started doing the online poker thing for real, after playing a lot of free tournaments that are held locally and a few trips to the local casino where I made out well.

Here's a few things I've realized so far. Limit (ring) games are boring, but a much more consistent flow of cash, assuming your good.

If your actually looking to make this your job, most pros start there because it requires a smaller bankroll and your winnings can be plotted into a budget as it's so much more consistent and the swings in money are smaller.

However, it sucks.

It's 95% mathematical when playing online at the beginning stakes tables (which is where your going to be if your not already good, or don't have 20k to start as your bankroll). You can't get many people to fold, so it takes out a lot of strategy. The only time you'll see people fold is if you raise, the person next to you raises and then another person raises. Now, the rest of the table may fold to the 3bet, or someone may still call. If you raise to 4 bets, capped, then the person who called will still call because they've got decent pot odds anyways. Getting 4 or 5 to 1 on your money lets you play alot of speculative hands to the flop. It also makes it relatively impossible to figure out where you stand in the hand. You've got KJ suited, and the flop is K, 9, 8. You raise, 2 call, one re-raises, you call, the other 2 call. 4 people in the hand. The guy who raised could have hit a set, an open ended straight draw, or top pair with a higher kicker, mid pair, or he could be a maniac. The other two people could have the same hands. So, chances are your an underdog if you don't hit the J also, the A of your suit comes out and you make the flush, or ideally another K and J. But, if you fold, you often find out that the other people were on draws and missed, and you folded yoru pre-flop bets. It's all very murky.

I have instead been playing 1 table sit n go No Limit. I downloaded a program called Poker Tracker to demo, and I was playing on party poker at the $5 tables (which was a mistake and I'll say why in a second).

My 'in the money' (top 3) rate has been 43% so far. 10% of the time I win the table, 13% of the time I'm #2 and 20% of the time I'm 3rd. 30% of the time I'm 4th (on 'the bubble' it's called, when you just barely don't make money), more than any other position's percentage. I'm trying to work on that, it seems to indicate I'm either switching from tight to aggressive too early with 5-6 people, or not getting aggressive enough with 5 or less people left and I end getting blinded into a short stack situation. I have to study it more. But, if I can make 1/4 of those 4th place finishes into money finishes, I'll be making a lot more. Right now, I'm only averaging 11% over my initial investment in a week's time. I played 39 tournaments in a week and came out 11% over my initial deposit.

If I had been playing the $5 on another service like poker stars, and done as well, I woulda made almost 20%. The house fee on party poker for the $5 table is $1 instead of $.50 like most sites. So, I woulda made an additional $19.50 just in lower fees. However, the $10 tables on partypoker have the same rake (10%) as all the others, it's only the $5 table that is higher (20%).

But, I'm also comfortable on partypoker now, which is something that's very important. I tried making an account on bodog, because according to www.bonuswhores.com bodog and pokerstars are the best bonus sites for tournament players, as you get credit in the touraments towards the raked hands required to clear the bonus. But, the interface was so different that I was sort of uncomfortable and ended up playing badly on the first two tables. After that, I went back to partypoker and won two $10 tables in a row. I'm not giving up on bodog yet, but I just moved up to the $10 tables on party poker and will be sticking with them for awhile to build up a little more of a bankroll.

Poker stars i'm having trouble getting a service to deposit money to them. Haven't been able to get my checking account working with neteller yet.



First things first. If someone doesn't enjoy the limit games, I suggest making accounts on pokerroom, pokerstars, and partypoker and playing 1 table sit n gos with play money. That's the best place to start to learn the subtle nuances of difference at a one table NL sit n go as opposed to multi-table or limit games. With play money, you'll find that you can often fold your way into the last 5 or even top 3. But, it'll still teach you some things. Graduate to the higher play money tables, and people actually start playing somewhat for real, as you can't reload that kind of play money. So, if you lose, you have to go back to the crappy tables or (in pokerroom's case) wait 24 hrs to reload the play money.
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Old 02-14-2006, 05:29 AM   #35 (permalink)
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Quote:
Originally Posted by WillTR
Grinding out money in poker is not as fun a career as any normal office job. There is no community, there is no personalization, there is nothing but grinding out money.
I spent a year working a "normal office job" and it was hands down the most soulless draining thing ever. I recognize this is solely subjective, but there ARE many fringe benefits to poker as a living.

Consider:

A) I set my own hours and answer to no one. I'm feeling shitty today? No work. I'm feeling lazy today? No work. On the flip side, if I'm doped up on caffeine and in a fantastic mood I can put in a ton of hours. Hours = $$ and I have full control over what influx of cash I want.

B) I can work anywhere in the world that has broadband internet. For me, this is huge, although I haven't chosen to excercise that option yet. I know a couple of guys that moved to Thailand and they live like kings for under a thousand a month. For an online poker player, the exchange rate factor is huge... your hourly rate doesn't change but when you turn that into whatever the fuck the country you're in calls it... $ --> $$$$. Thats just nifty.

C) Your hourly rate is directly correlated to how capable you are. You dedicate yourself to learning and progressing, and you see results. No more waiting for a raise handed out by a guy that barely knows you or what you're capable of -- its all on your own shoulders, sink or swim. I like that. Nothing feels more satisfying than thinking to yourself ("I haven't received a paycheck in months yet I have more money than I've ever had in my life and its because I busted my ass and made this shit happen.").

D) Tax deductable vacations. I can travel anywhere that has a casino and write the entire trip off.

I'll be fair and concede that having to pay for insurance is a drag... yet most poker players are capable of coughing up $100 a month for a major medical package. Taxes suck, but taxes suck for everyone.

Honestly, for some people (myself included) its the best fucking job in the world. It makes me sad to think that it wont last forever. The shark/fish ratio will change eventually. I do consider myself blessed to have been able to capitalize on this opportunity now, however. If I resist the urge to buy lots of expensive shit, I'll be 22 in a year with a 6 digit portfolio and thats just peachy.
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Old 02-14-2006, 06:33 AM   #36 (permalink)
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...

I have a friend who makes a killing playing online poker tournys. He final tables in about 50% of the ones he enters, and ussually places top 3 in the ones he FTs.

This kid brings down 10-20k a week EASY from poker. He is always loaded and having this extra cash has helped feed his cocain addiction!!


Its kinda cool to see someone win that much money online, I just dont have the bankroll/time to do it myself.



Btw.. i hate playing on stars. In the long run, its probalby the best money since so many people will call anything, but i always seem to take terrible beats there in tournys. It pisses me off so much :-/
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Old 02-14-2006, 10:45 AM   #37 (permalink)
razazi1
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Here in Sweden poker is in the same category as lottery. So you don't have to pay taxes for your poker income
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Old 02-14-2006, 05:23 PM   #38 (permalink)
DMyst
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All of you must note that to be able to make good cash with online poker, you have to play in the big $$ tables.

Here's why:

Playing on the low cash tables, every one will call you. "Hell it is only 10$!" but for you that 10$ adds up quickly. I often see myself lose with pocket Aces versus 54 off suited. This game does require skill... but luck as well.

People that are thinking of starting poker need to understand that this is not easy money unless you play on big tables and know how to play. Start low to practice but don't get discouraged by it... its a whole different game on the big tables.
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Old 02-15-2006, 05:19 AM   #39 (permalink)
WillzZz
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Quote:
Originally Posted by Eida
I spent a year working a "normal office job" and it was hands down the most soulless draining thing ever. I recognize this is solely subjective, but there ARE many fringe benefits to poker as a living.

Consider:

A) I set my own hours and answer to no one. I'm feeling shitty today? No work. I'm feeling lazy today? No work. On the flip side, if I'm doped up on caffeine and in a fantastic mood I can put in a ton of hours. Hours = $$ and I have full control over what influx of cash I want.

B) I can work anywhere in the world that has broadband internet. For me, this is huge, although I haven't chosen to excercise that option yet. I know a couple of guys that moved to Thailand and they live like kings for under a thousand a month. For an online poker player, the exchange rate factor is huge... your hourly rate doesn't change but when you turn that into whatever the fuck the country you're in calls it... $ --> $$$$. Thats just nifty.

C) Your hourly rate is directly correlated to how capable you are. You dedicate yourself to learning and progressing, and you see results. No more waiting for a raise handed out by a guy that barely knows you or what you're capable of -- its all on your own shoulders, sink or swim. I like that. Nothing feels more satisfying than thinking to yourself ("I haven't received a paycheck in months yet I have more money than I've ever had in my life and its because I busted my ass and made this shit happen.").

D) Tax deductable vacations. I can travel anywhere that has a casino and write the entire trip off.

I'll be fair and concede that having to pay for insurance is a drag... yet most poker players are capable of coughing up $100 a month for a major medical package. Taxes suck, but taxes suck for everyone.

Honestly, for some people (myself included) its the best fucking job in the world. It makes me sad to think that it wont last forever. The shark/fish ratio will change eventually. I do consider myself blessed to have been able to capitalize on this opportunity now, however. If I resist the urge to buy lots of expensive shit, I'll be 22 in a year with a 6 digit portfolio and thats just peachy.
You're right, though. It's 100% Subjective. I can't stand living by myself, either, I need roommates, good or bad. So I prefer working in an environment with other people.

To be fair, I'm not surprised I was called out on that office job thing. I haven't really had much of a normal office job. I'm a 3d artist and most of my time is spent freelance. I've had a couple of office jobs, but they were enjoyable. It probably has to do with time frame, since I've never had one for longer than a couple of months. Suffice to say, I changed my major and never looked back.

It's funny, because working as a freelance artist yields the same rewards as online poker, and I hate/love them both for the same reasons. Still, in the end, I need people to bounce ideas off of, people to show my cool work, or my newest techniques. I personally find myself accomplishing a lot more when I have people to work along side. You just don't get the same thing out of the home.

I just wanted to portray another side of the story. All anyone hears about are the good parts. It IS mind numbing to play multi table poker all day, and I love poker as much as anyone I've ever met.
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Old 02-15-2006, 01:34 PM   #40 (permalink)
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-: you know khan right
-: ya
-: well
-: hes a huge poker player
-: plays mad poker in college
-: he plays at pokerstars.net you know that place right
-: ya
-: and he plays more then 25 sit and go games at once, so pokerstars banned him cause they thought he was a bot and they took his money away
-: so this happened today
-: and hes like, man how can i prove to them that im not a bot
-: so we suggested recording it, and we would host it on our server...the ready-up one
-: he did, and sent it back to them...they want to use him for advertising now
-: and they think hes amazing rofl
-: http://ready-up.com/nrg/
-: check out the videos
-: lol
-: this doesn't surprise me
-: khan so looks like a terrorist
-: lmao
-: watch the vid its so good

This is who you should aspire to be, Eida.
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Old 02-15-2006, 08:39 PM   #41 (permalink)
Biggyto
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I used to play 30/60 live for a living.

I'm now in school and just play 5/10 for spending money.
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Old 02-16-2006, 12:45 PM   #42 (permalink)
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Quote:
You can see the fish and calling stations, you can see the crazy people, and you can see the supertights (being raised allin by someone with a low preflop aggression rating? Ok I'll fold these kings. Twice that situation has come up in the last week, and I've saved a whole $100 on those two hands alone.
A friend's dad plays online poker and basically uses card counters, database management of hands / plays, etc. and make really good money doing it.

He's even left various scripts running to basically auto-play based on all of the known stats and etc, come back hours later and made money doing so.

All of that (alongside good ol' FUD) is the reason why I won't touch internet poker, though I play with people who consider themselves "pro" and travel for tables, etc.
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Old 02-16-2006, 02:57 PM   #43 (permalink)
Zinke
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Quote:
Originally Posted by Hippos II
This is who you should aspire to be, Eida.


Eida plays limit so he wouldn't be interested in the sit n gos. But, that guy is my poker hero.


Quote:
Originally Posted by frott
A friend's dad plays online poker and basically uses card counters, database management of hands / plays, etc. and make really good money doing it.

He's even left various scripts running to basically auto-play based on all of the known stats and etc, come back hours later and made money doing so.

All of that (alongside good ol' FUD) is the reason why I won't touch internet poker, though I play with people who consider themselves "pro" and travel for tables, etc.
card counters don't work online, or even in poker really. The deck is re-shuffled every hand. Unless you mean figuring out your outs, which any good player should already know.

The script, on a limit table, I could see being a possibility. If you coded it to just play a certain rank and above of starting hands, and then to just call with one rank, or always raise with another. Over enough time it would probably make you some money. Limit is such a mathematical game, I could see that being possible. It probably would not make as much per hour as a good player, but you could be running multiple scripts on different computers while your off doing other things.
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Old 02-16-2006, 03:45 PM   #44 (permalink)
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Quote:
Originally Posted by Zinke
card counters don't work online, or even in poker really. The deck is re-shuffled every hand. Unless you mean figuring out your outs, which any good player should already know.

The script, on a limit table, I could see being a possibility. If you coded it to just play a certain rank and above of starting hands, and then to just call with one rank, or always raise with another. Over enough time it would probably make you some money. Limit is such a mathematical game, I could see that being possible. It probably would not make as much per hour as a good player, but you could be running multiple scripts on different computers while your off doing other things.

Yeah, I was using the slang incorrectly I suppose - odds figurer is more like it. He has some pretty intensive databasing software that logs every single hand & flop and crossindexes it with how people have played each hand/flop. Similar to what was on the other side of those links.
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Old 02-16-2006, 04:05 PM   #45 (permalink)
Zinke
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Yea, I have a program that does that for me. Poker tracker. It helps to have a program keep track of your hands, how often you've won with them, avg you've won/lost etc..

It got me to stop playing A-rag suited in an early position, when I used to try and limp in with it. I noticed that I was only winning 20-40% of the showdowns with those hands, and so I went back and re-watched some of the hands through the program. Turns out if I did manage to limp in, and caught the A, I couldn't get away from the hand. I'd up getting out-kicked or someone else made a set/two pair.

Same thing, to a lesser extent, with K-9 or Q-9 suited and pocket 2's or 3's. I was valuing the hands differently then I should. If I'm in a late position pre-flop with a low pocket pair and someone raised a lot from an early or mid position, I was re-raising him. Obviously I won't get him to fold if he was the aggressor, he's gotta have a good hand too. Generally, I should be folding or just calling and hoping to hit a set on the flop, and fold if I don't. I was pushing too much with them early and they almost always had a higher pair, or 2 high suited connectors and they'd hit one.\

Without the program to keep track, I'd probably still playing A9 or A8 suited from an early position and chalking it up to bad luck.
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