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The ups and downs of turning pro

  • Apr. 23rd, 2007 at 11:47 AM
Kings
Well I have been playing poker professionally now for almost six months. I have thought about writing about my experiences and perhaps turning this into a book project. Although I am not sure if this type book would actually sell. I guess I would need to win a big tourney (WPT or WSOP perhaps) before this might generate enough interest.

The truth is I have gone on a real roller-coaster ride of emotions during these past several months. Many of you know I always wondered if I could actually play poker for a living. After all poker has been a big part of my life now for about thirteen years or so. Of course not every body is cut out to make it as a professional poker player. It takes more than just a good knowledge and hunger for the game.

It takes a big enough bankroll, some good luck, patience, and heart to mention IMHO a few critical pieces of the puzzle. So far I have been successful in this endeavor but it has not been with a few bumps along the way. February was a horrible month for me as it was my only losing month. It helped humble me like life does and also help me see that I needed a bigger bankroll to sustain this profession.

Thankfully I have had lots of help along the way from my fellow RGP (rec.gambling.poker newsgroup) chat friends as well as other local poker friends that I respect. I have concentrated mostly on the $2-5 no limit Hold-em cash games but I do play a few tournies from time to time. My theory is as long as I can win regularly in the cash games I will never go broke and our starve.

In the beginning I promised Debbie that I would deposit at least $2k a month into our joint checking account. I am proud to say that I have been able to make this deposit every month including in February. Additionally I am happy to say that even though I lost money in February I have been averaging over $2k a month and have had a couple months winning in excess of $5k. But I still do not think that this is enough money for me to continue on this path over a year.

I am trying something new (for the past couple months) that appears to be helping me do lots better than before. I am focusing on playing shorter sessions (three to five hours) instead of longer sessions. Some days I am also working on playing a couple of these shorter sessions and so far it has been working very well for me. Also I feel that my game keeps getting better and better all the time. I also have been doing some book study but I need to ramp this up even more.

I am sorry that I have not been writing a lot here in LJ but I am sleeping in as my schedule is evolving. So I need to find a best time to do more writing here as I think it is a great writing venue and a tool to keep in touch with more of my old and new friends.

Finally I am also feeling better after passing my last kidney stone. Sadly there were a few complications but I am now (almost five weeks after my last episode) really starting to feel like normal!!! BTW thanks for every body's support during my tougher days.

Comments

( 8 comments — Leave a comment )
[info]sabyl wrote:
Apr. 23rd, 2007 07:17 pm (UTC)
Glad to hear you are on the road to feeling up to par again. Glad to hear the poker has been doing well overall.

[info]allknight wrote:
Apr. 24th, 2007 05:01 pm (UTC)
Thanks Sabyl things are definitely going lots better now!
[info]danloncaric wrote:
Apr. 23rd, 2007 07:59 pm (UTC)
Glad to hear that your foray into professional poCker is going well. I assume that you are making proper arrangements for tax payments/filing? You don't want to get to the end of the year and have to use 40% of your bankroll for Federal Income Taxes. And if you're simply going to ignore tax considrations, Russ has a magazine that may help you in the future (that's a jopke). Sorry I missed you at Escargot, but I'm sure Pat and I will see you at BARGE. Also, any time you need to discuss a hand or a session or a concept, I'm available to talk - I'm not real bright like some of your friends, but as for life experiences, I've been through some rough stuff that most people never will, and can offer a different prespective on things.
Dan
[info]allknight wrote:
Apr. 24th, 2007 05:08 pm (UTC)
Hi Dan,

Thanks for your words of wisdom here buddy. You were certainly missed at Escargot and I hope that Pat and you are both doing well these days. I have indeed talked at length with Russ about my new job and its unique tax implications/considerations.

As for hands and how they are played I certainly think that your advice is always welcome as I highly respect your no limit holdem game bro!
[info]ac9dfe7fd wrote:
Apr. 18th, 2008 07:41 pm (UTC)
Possible book
I believe you have a good idea for a book. Right now poker is a hot topic for people and having a book about how I went from "where you are today to being a professional" would be of interest to the public.

I see your point about needing some wins under your belt or a big win before the book would take off, but . . . maybe not.

My suggestion would be for you to keep a journal of what is happening to you day in day out, plus your opinions and how they change, etc. Do NOT put this on the net but do keep it on your computer.

Next, I would write a book proposal with A) the concept, B) Proposed table of content, and C) example chapter.

Next, I would take shop it around to as many publishing houses as you can. I'd start with those houses dealing with life stories (as opposed to starting based upon the size of the house). IF you can discover any houses wanting to enter the "life story" market or the poker market, those might also be good.

I'm suggesting you should do it NOW before any big win. Why? For one, there will be people interested in how you go to where you are today. They'll want to see if it is for them OR to explore through you their day ("Walter") dream.

You have experience and knowledge others don't have and would like, hence it is material for a book.
[info]allknight wrote:
Apr. 18th, 2008 07:56 pm (UTC)
Re: Possible book
Thanks for your input - I am not playing poker professionally anymore but may still pursue this project at some point in time.
[info]deadmonywalking wrote:
May. 15th, 2008 01:25 am (UTC)
Oh, Are you fellknight from RGP? Not pro anymore? I am still trying to be but as you know it is very hard.
[info]allknight wrote:
May. 15th, 2008 02:20 am (UTC)
No I am Allknight from rgp. No I am not playing professionally anymore too much stress for way too little money. Good luck to you...
( 8 comments — Leave a comment )

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Kings
[info]allknight
Adam Bachrach

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