/biz/ - Business & Finance

[Anonymous No.19560485]

Internet poker professional here. Just felt like bragging about my results so far this year and doing an AMA for all my /biz/realis out there.

[Anonymous No.19560557]

>>19560485
if true good job. i bet the lockdowns gave you a lot of new fish to farm.
what stakes do you play and how many tables at once?
how'd you learn, and could you recommend a book or website for somebody who knows about basics like ev, pot odds, how to estimate outs, etc?

[Anonymous No.19560609]

looks over extended, i'd expect a correction to $70k or so. good shorting opportunity.

[Anonymous No.19560614]

>>19560485
What's the timeline on this thing?

[Anonymous No.19560617]

>>19560485
>poker
>professional

[Anonymous No.19560619]

>>19560557
thx boss. Lockdown has def been amazing for action... all sports cancelled, everyone working from home with nothing to do, etc.

I learned by paying for a membership to a video training site. Not here to shill any in particular, but there are quite a few options out there. Books are typically quite outdated, but for beginner I'd imagine there has to be one that could give you an idea of the basics. Can't recommend anything in particular as I haven't read a poker book in forever.

[Anonymous No.19560631]

>>19560614
nvm I'm retarded

[Anonymous No.19560636]

when was the last time you were actually able to cash out?

[Anonymous No.19560650]

>>19560557
o sry, forgot to answer wrt stakes and # of tables: I typically 6-12 table. I play 1/2 to 10/20. About half of my hands are at 1/2 with most of the remaining percent being at 500. 5/10 and 10/20 don't run on my networks often but I jump in whenever I see a good spot

[Anonymous No.19560653]

Is that including rakeback? What's your hourly?

[Anonymous No.19560665]

>>19560636
Cashed out 25k in the past 2 weeks.

[Anonymous No.19560682]

>>19560653
Only getting about 10% rb on the network where I'm getting most of my volume. Overall hourly is prob around $250

[Anonymous No.19560698]

>>19560653
Not including my RB here** but given that its only 10% its a pretty small % of my winnings

[Anonymous No.19560731]

What % luck/skill? 30% luck, 70% skill?

[Anonymous No.19560743]

>>19560485
are you my fren from japan?

[Anonymous No.19560759]

>>19560731
no real scientific way to quantify this. I'll say that I win about 60% of my days tho. On a long enough time frame, there is no luck, as a person with an advantage will win

[Anonymous No.19560822]

>>19560485
Nice Profit
Do you reinvest in yourself to upscale or passive investing?

[Anonymous No.19560826]

>>19560743
never lived in japan but I've visited. Would love to do a longer-term stay there at some point

[Anonymous No.19560855]

>>19560822
Have >50% of my net worth in crypto. Keep a lot of cash as a poker bankroll for when I want to play bigger games. Was looking to go balls deep in the stock market with the coronavirus dip, but I missed my opportunity. Praying that its a deadcat bounce atm and I can get in at S&P 2k, DJIA 20k

[Anonymous No.19560882]

>>19560855
what crypto you holding?

[Anonymous No.19560921]

>>19560882
~80% btc
~10% xmr
Remaining dust is shit alts that have tanked beyond belief, but I've always been pretty much a btc maximalist so I'm not hurting too bad from that

[Anonymous No.19560941]

>>19560921
based. I'm holding 80% BTC, 20% ZEC. I think once ZEC pumps, I'll sell into XMR. congrats on the gainz you filthy fucking degenerate.

[Anonymous No.19560980]

>>19560941
>zec hodler

Tough times there brah haha. I mean, its due for a pump right? But ya I mean you're like me, holding mostly BTC so you're gonna be fine even if that ZEC bag tanks to zero.

[Anonymous No.19561103]

>>19560921
why no LINK?

[Anonymous No.19561186]

>>19561103
too brainlet to understand the tech. It was heavily shilled here a few years back and in my mind this is a negative indicator. I understand the value prop of both btc and xmr so I'm heavy on those

[Anonymous No.19561278]

>>19561186
I have something for you to help understand it.

check out the following links to get redpilled on chainlink, its very important to understand where this is going:
https://link.smartcontract.com/whitepaper

https://blog.goodaudience.com/chainlink-the-missing-piece-to-the-god-protocol-fd455dde92ab
https://blog.chain.link/town-crier-and-chainlink/
https://medium.com/chainlink/chainlink-external-adapters-e9f99cd6cb62
https://medium.com/@jonnyhuxtable/analysis-of-chainlink-the-decentralised-oracle-network-7c69bee2345f
https://www.capgemini.com/consulting-de/wp-content/uploads/sites/32/2017/08/smart_contracts_paper_long_0.pdf
https://www.linkedin.com/pulse/how-boeing-ford-other-oems-can-double-current-net-profit-rogers-feng-7c/?trk=portfolio_article-card_title
https://www.linkedin.com/pulse/how-boeing-ford-other-oems-can-double-current-net-profit-rogers-feng-8c/
https://www.americanbanker.com/news/the-race-to-connect-smart-contracts-to-the-real-world

read all of this.
watch the following videos on youtube:
https://youtu.be/1nmLU284fIk
https://youtu.be/OTaSvj9Fc60
https://youtu.be/BvySkHcq1ac
https://www.youtube.com/watch?v=TzcDDPh3CAo

godspeed bro

[Anonymous No.19561300]

The guys at work asked me if I wanted to be in a poker tourney yesterday but I don’t know how to play. I’ll take this as a sign I should learn

[Anonymous No.19561317]

Online poker is too much fucking work. OP's 250k hand sample size is on the bottom end of reasonably estimating actually how good you are. Variance is crazy and game isn't getting any easier. If you missed the real juicy years of online poker it's barely worth it unless you have exactly the right kind of autism

[Anonymous No.19561374]

>>19561278

Stop trying to shill your fucking bags at the top you cunt

[Anonymous No.19561392]

>>19561317
What’s the right kind of autism

[Anonymous No.19561409]

>>19560485
I don't know how to play poker but I'm a borderline sociopath with no emotions. How do I learn for free and win big?

[Anonymous No.19561441]

>>19561300
You could learn a few basic things and basically crush normie competition. Not shilling any channels in particular, but there is amazing free content on youtube if you look around enough

[Anonymous No.19561462]

>>19561317
>variance is crazy
hrm. Yes and no. You will know your bb/100 wr for >95% certainty after ~50k hands of 6max nlhe. Yeah sure there are outliers, but thats what they are, outliers.

[Anonymous No.19561504]

>>19561409
quite a few free resources on youtube. As stated, not shilling anyone in particular. If you want to get serious I'd get a subscription to a video training site. Its gonna run you a couple hundred bucks but if you are an autist with a work ethic, you'll make it

[Anonymous No.19561721]

>>19560485
Youve played 250k hands and have less than 6 figs to show for it
Youre literally bragging about working a full time normal person job that has no benefits

[Anonymous No.19561759]

>>19560826
you should go to dokidoki internet cafe next time you go

it has the best anime waitresses and yumyum candy in all of nipon

[Anonymous No.19561803]

>>19561759
thx for the rec brah. Where exactly is this place? Only been to maid cafes near akihabara like a nub

[Anonymous No.19561833]

>>19561504
Have you seen the daniel negreanu one?

[Anonymous No.19561845]

>>19561721
The average income in America is under 40k

[Anonymous No.19561869]

>>19560485
Up more than you and didn't even play during january and february.

[Anonymous No.19561904]

>>19561869
Here's a screenshot. Running slightly below EV. Winnings are tax free in my country.

[Anonymous No.19561905]

>>19561833
>mentioning daniel negreanu

no knock against you personally. You're not following poker like me. But I will say never listen to anything that moron has to say. He hasn't won in the games in years. He subsisted solely by sponsorship money.

Previously posted I won't shill but I will now. Finding Equilibrium is great free content. Don't know if he still does poker vids, but Doug Polk makes decent videos. The Bluffthespot channel has great live play videos with commentary for free.

Just please don't listen to anything Negreanu has to say about poker

[Anonymous No.19561927]

>>19561904
nice work bruv

[Anonymous No.19561943]

>>19560485
Do you think your Poker game skills COULD translate to other card games and even the stock market and crypto market?

[Anonymous No.19561951]

>>19561927
u2

[Anonymous No.19561971]

>>19560980
I've lost so much money in crypto chasing alts. 2 q: what are your thoughts on Funfair (yes, roast me), and can you actually play for fiat on these poker sites nowadays? was telling my buddy about this thread (You) made, and he used to play a lot of partypoker and shit (I think PP or full tilt). now you got him curious, but probably only if it's not crypto.

[Anonymous No.19561982]

>>19561278
Fuck off coinfag, grown ups trying to have a conversation here.

[Anonymous No.19561989]

>>19561845
The average income for people in the US with iq over 115 and discipline is near 150k
Plus benefits which would be over twice what youve pulled in

Either that or youre a 90iq lair

t. Former pro

[Anonymous No.19562002]

>>19561905
Doug Polk is sharp. His short-lived crypto pivot was well done too.

[Anonymous No.19562007]

>>19561989
why former? cause this guy is took all your money?

[Anonymous No.19562016]

What country are you in?? I thought online poker was like made illegal/you can’t actually gamble in the us, is that true? If not bless

[Anonymous No.19562025]

>>19561989
I’m a random anon reading this thread retard not OP. Not very high iq of you. On another note my iq is in that range can’t say I’ve been disciplined however. What jobs are you referring too

[Anonymous No.19562038]

>>19561904
What about these losing streaks in the graph? Did you change strategies or is this really statistic variety? I'd freak our after losing two thirds of my wins again as it was the case in your data.

[Anonymous No.19562061]

>>19561943
It requires a pretty similar skill set to trading.
> logical deduction, math and statistics (the last two are not AS important in poker as some people think though)
> pattern recognition
> psychology
> modelling
> being in control of your emotions and not letting them cloud your decisions
> proper risk management
> being able to handle large money swings
> etc.

[Anonymous No.19562083]

>>19562061
Makes me want to know whether poker players/gamblers have more successful marriages, too. Or get cucked and divorce raped less...

[Anonymous No.19562150]

>>19561905
Cheers brother!

[Anonymous No.19562159]

Where is it y’all play online?

[Anonymous No.19562220]

>>19562007
Because my daily portfolio fluctuations are now larger than his entire yearly earn

[Anonymous No.19562333]

>>19562038
> Did you change strategies or is this really statistic variety?
90%+ of it is statistic variety. I play across multiple different stakes which can increase the variance a bit (if I get unlucky at high stakes). The graph looks a bit more choppy than my actual results because there only is one data point per day.
> I'd freak our after losing two thirds of my wins again as it was the case in your data.
I've actually had less variance this year than usual. I had much bigger swings last year. I have a pretty large bankroll so losing $10k doesn't really affect my financial well being. If it did then I would be playing lower stakes.
Variance is a part of the job. All pros go on big downswings sooner or later. It can be hard not to let it affect your life/ mood, but you do get used to it to some extent.

[Anonymous No.19562412]

>>19562333
But the main reason why OP has less variance than me is because he plays lower stakes on average but a lot more hands.

[Anonymous No.19562580]

>>19561989
I doubt you're a former pro. I you were you would know that 250k hands isn't all that much if you're multi tabling 6/9 max (like OP is). Some mid/low stakes grinders play 2x+ that in 6 months. And poker is tax free in a lot of countries. In most wealthy countries you end up paying 25%+ tax if you're making $150k/ year.
Also, you're comparing wageslaving in an office to a "job" where you can work whenever you feel like, from anywhere in the world, take vacations whenever you feel like it, there's no dresscode, you don't have a boss to answer to etc. Perhaps you don't value those things and love the wagie life, but not everyone is like you. I went on a 2 month vacation in january/ february. Most wagies can't do that.

[Anonymous No.19562632]

>>19561943
poker skills translate to wallstreet skills pretty well. I know a few dudes who have made the transition. It also translates well to the cryptospace. I'm acquainted with a couple dozen crypto-millionares. I'm just the stupid brainlet derp who decides to dedicate his life to poker moreso than money/structure/bosses etc

[Anonymous No.19562720]

>>19561721
I doubt you're a former pro. If you were you would know that 250k hands isn't all that much if you're multi tabling 6/9 max (like OP is). Some mid/low stakes grinders play 2x that in 6 months.
>>19561989
Even if your numbers are true (source?) that figure is for all age groups. Very few people average $150k+/ year in their 20s. There's a reason why most succesful wagies don't get wealthy until their mid 30s or later.
Also, poker is tax free in a lot of countries (you can just move if it's taxed in your country). So making $150k/ year from poker is more like making $200k-$300k as a wagie (depending on tax rates in your country).
> a full time normal person job that has no benefits
What? There are plenty of benefits. You're comparing wageslaving in an office to a "job" where you can work whenever you feel like, from anywhere in the world, take vacations whenever you feel like it, there's no dresscode, you don't have a boss to answer to, you don't have to live in an expensive city because of your career etc. Perhaps you don't value those things and love the wagie city life, but not everyone is like you. I went on a 2 month vacation in january/ february. Most wagies can't do that.

[Anonymous No.19562762]

>>19561186
BTC and ETH were also shilled (and fudded) heavily early on 4chan.

[Anonymous No.19562808]

>>19562632
This is true. I know of a certain trading firm that has its employees play poker and other strategy games to stay sharp.

Also lol at the fact I can see right where quarantine started, more idiots joined and your winning rate went up. Around hand 220k there's an obvious increase in the rate.

[Anonymous No.19562893]

>>19560855
>poker
>crypto
>he thinks the stock market mini really right now is the actual golden bull run and he wants the stock to bottom out so he can buy Amazon at 2 bucks a share

Yeah, you're officially retarded, I wish you luck but you know sooner than later you'll end up like 90% of gambling degenerates

[Anonymous No.19562919]

>>19561904
>>19561869
Fellow 500-2k nl reg
What are your nicks?

[Anonymous No.19562971]

>>19560485
And whats your nick on Stars? We probably played a bunch, although its been a while since I played Stars
omfgsorry here

[Anonymous No.19563029]

>>19562159
This. How do I get started?

[Anonymous No.19563148]

>>19562159
Pokerstars, 888, Chico, WPN, iPoker

>>19563029
runitonce probably has the best training videos, even for beginners
But I really wouldn't recommend it if your endgoal is just to make money, especially if you live in the USA you've got so much better opportunities

[Anonymous No.19563186]

Where to play from Australia? Moved back from the UK to find it's been banned and the big companies have moved oout

[Anonymous No.19563217]

>>19563186
Bovoda/Ignition/Bodog and WPN offer games to aussies afaik

[Anonymous No.19563271]

>>19560485
how do i do this. ive got 10k hands on a ppp club and my all in ev is 75 buyins above my realised. my pfr is 22% 7% 3b
i cant win shit online to save my life even though the games see soft. what do i do? what do i need to study? i get massive amounts of rakeback as well but im still a fucking loser and want to neck myself. previously i played live poker fulltime for many years up to 10/20 nl. was a limit rakeback grinder on party back in early 2000s as well so i have a fundamental knowledge at least but im fucking lost at the game now and have nothing but time

[Anonymous No.19563312]

>>19560485

Just dropping in to say congrats on the gains fren - make sure to slowly take profits and make this wealth last!

[Anonymous No.19563361]

>>19560485
can you summarize the secret in a sentence?

[Anonymous No.19563386]

A very important question here OP. What’s your bankroll and how do you manage it? Congrats on those numbers. Here’s a rare milker for your delight.

[Anonymous No.19563387]

>>19562919
Don't really want to out myself on here, sorry
>>19563148
> But I really wouldn't recommend it if your endgoal is just to make money, especially if you live in the USA you've got so much better opportunities
Agreed. It's not really worth it to get into poker anymore. At least not if you have other good opportunities (it might be worth it if you live in a poor country). If you're (almost) starting from scratch then it could easily take 1.5+ years of studying/ playing before you can make good money at poker. And that's assuming you don't fail (which 95%+ do). If you fail then you've wasted tons of time for basically nothing.
Poker is far from easy money. At least not online.

[Anonymous No.19563432]

>>19560485
if this graph is real you are a god

[Anonymous No.19563481]

>>19561317
I've been playing online since 2005 full tilt poker days. What you say is true that games are tougher however, the top players tend to quit after they have made their money. The motivations is just no longer there after some time.

Imo this is what makes it great still. If you expect to make a million dollars, you'll probably fail. But it is a great way to build a serious bankroll (hundred k's) on top a day job or career.

[Anonymous No.19563597]

Will add that it will be extremely tough to get into poker now from scratch without good poker friends and hoping to just learn from a training site.

On that note, I think there are opportunities for this game to slightly boom given certain circumstances. Covid being one circumstance but who knows how long thatll last. Fishes still love the game of poker even though they get crushed after some time.

I don't recommend as only income even if you think you get really good. Variance is a one crazy bitch and will surprise even the most elite players experience players at some points in their career.

[Anonymous No.19563609]

>>19563481
The days where you can make hundreds of k's from poker as a side hustle are long gone. Unless you bink some huge tournaments of course.

[Anonymous No.19563681]

>>19563597
I agree with most of what you said, but variance depends a lot on what games you play. There's not all that much variance in 6 max cash if you play high volume. On the other hand, large tournaments have huge variance. It's somewhat normal for even the best of the best tournament players to have losing years.

[Anonymous No.19563804]

>>19563387
Pussy

[Anonymous No.19563830]

hey guys im in a poker tourney right now I have ace diamonds and 2 of clubs should I go all in? is ace 2 3 4 5 a valid straight? hurry please my turn is coming up

[Anonymous No.19563920]

>>19563830
fold

[Anonymous No.19563946]

So long story short you are making minimum wage, cool man!

[Anonymous No.19563972]

>>19563946
> $186k/ year
> minimum wage

[Anonymous No.19564099]

Nice OP. I play on Stars and break even at low limit sitngos and tournaments. Just something to keep me sitting at my desk when I'm working really...playing the Hot $4.40 right now.