Posts Tagged ‘WPT’

Pocket Bullets ParisBy: Pocket Bullets Paris

We have written about this topic before, in fact it was approximately 5 years ago. To this day we still get the same question asked consistently; “Can I become a professional poker player.” So we decided to repost this again.

I talk to a lot of casual poker players almost every day. I define casual players as those around the world who may love poker but really could never become professionals, mostly because they just ain’t that good, don’t have the kind of money necessary to hit the pro circuits, or probably could not stand the pace. However, there are some casual players I have watched and thought, now they could be good enough to play professionally, but they just don’t have the money. These guys could do well if they had backers, but backers are hard to get. And, if they did get them could they really handle it? I mean, if it was you, could you handle the rigorous schedules? Could you become a world-class poker player?

Poker game time at our man caveDo you think you could hold your own at the poker tables for prolonged hours, even days against the likes of a Phil  “Unibomber” Laak, who set the world’s record for playing 115 consecutive hours at the Bellagio in Las Vegas. More than likely the answer would be, “of course not.” After all, Phil did it to get into the Guinness Book of World Records and that really isn’t about poker. However, the real schedule of most poker pros is anything but a walk in the park.

Take our favorite player, Daniel “Kid Poker’ Negreanu; in 2014 he played a total of 56 events for a combined total play time of 505.5 hours. He cashed on 13 of those events including the WPT Five Diamond Poker Classic where he walked away with$36,947, nine events at the 45th Annual World Series of Poker for total wins of $8,545,408, two events at the Aussie Millions bringing in another $1,611,022 and lastly one event at the PokerStars Caribbean Adventure that earned him $89, 560. All together he picked up $10,282, 937 give or take a few dollars. To accomplish that, the buy-ins  for the 13 events that he cashed in totaled $1,395,170 and the buy-in for the remaining 43 events that he failed to cash in amounted to an additional $1,788,756. That still gave him a profit before payout for action sold to backers, swaps, taxes and, not to forget, traveling expenses to Vegas, Australia, the Caribbean, etc… of more than $7 million dollars. But that’s the exception. He could have just as easily lost his buy-in money and gone home, since less than 5 percent of poker players can actually make enough to “make it.”

Now think about that for a minute. If you wanted to try that in the hopes of netting the $7 million, you would have to travel and spend sleepless nights in foreign lands, invest more than $3 million dollars, play hundreds of hours, withstand the pressure of tens of thousands of people scrutinizing your every move, accept defeat about 80 to 90 percent of the time with dignity, and move on to the next tourney.  Reality is that only a very small percentage of people who try can really become professional poker players . Can you afford it? Are you a good enough poker player? Or are you satisfied enjoying your life as a casual poker player?

Click here to let us know!

Lynn "Queen of Hearts" Paris

We brought the heads-up Poker grudge match between Doug Polk and Daniel Negreanu to your attention in our early November blog. It’s still going on!

It was clear that online poker was not DNegs’ strong suit, since his amazing accomplishments include six time WSOP bracelet winner, two-time WPT champion and years of cash game success. He was also not known for his heads-up play, although he says he’s been practicing.

Polk, on the other hand, has been the dominant force in high stakes heads-up play, earning props as an online legend, while also earning over $9 million in live poker tournaments. He retired from an active career in 2018 but he couldn’t resist challenging Negreanu to play at least 12,500 hands of $200/$400 HU Texas Hold’em (with the losing player having the option to extend the match to 25,000)

Doug Polk vs Daniel Negreanu

Both players have shown incredible fortitude, with Polk close to ending the match several times, but Kid Poker continued to fight back. Polk, as the favorite, definitely had the edge in the poker world, with numerous side bets on him, making his win financially imperative. But don’t count Negreanu out, who admits that he would love to win, if only for bragging rights.

The end of this match is fast approaching. Yesterday, the players reached 23,306 hands with Polk up, overall $945,804. The remainder of the match (plus all prior hands) can be caught live streaming on Doug’s YouTube channel and Upswing Poker’s Twitch channel. https://www.youtube.com/watch?v=lLygXH3vIAU

Click here to leave me your thoughts or comments!

Lynn "Queen of Hearts" Paris

Lynn “Queen of Hearts” Paris

If you are risk averse, like me, and afraid to lose money while learning how to play poker, you need a reliable, free online poker site. According to Pokernews.com, the best of the best for free poker games with no registration is the WSOP Poker app. PokerNews

Obviously, lots of poker players get started on “play money” sites on their desktops and on mobile apps to develop their skills, learn how poker works and what it feels like to engage with poker players all over the world in games of Texas Holdem or Omaha. This is where you can try out all the tips you got from reading Jonathan Little’s blogs or studying videos of Fedor and Negreanu. It’s really the safest way to hone the poker strategies you’ll need in order to win before you start playing with real money.

World Poker TourOther well-known free sites are Zynga Poker and the WPT (World Poker Tour). They both have options to play for fun, or in the case of WPT, real money. However, you have to join ClubWPT to play for real money.

Others (like PokerStarsPartyPoker, and 888Poker) combine free poker games and tournaments with real money ones – so you can have an authentic ‘full poker experience’ always playing on the same website.

World Series of PokerOf course, U.S, players can’t play for real money in most states because it’s –unbelievably – still illegal. For example the WSOP online app allows you to play for real $$ if you live in Nevada.

Have fun at your favorite poker tables whether you’re practicing or playing for real money.

Click here to leave me your questions or comments.

Lynn "Queen of Hearts" ParisLynn “Queen of Hearts” Paris

I have referred on many occasions to the vast sums of money that can be made playing poker. It never ceases to amaze me that a player can come in ninth in the WSOP Main Event and wind up winning $1 million. When can you ever place ninth in anything and walk away a millionaire? Or turn the $100 you walked in with into $5000 in one night?

But I never thought about how many losers there are in the game, especially among professional poker players. It seemed too obvious to mention – clearly for every big winner there have to be a ton of losers. But it’s not just about the percentages, or about losers on a particular night or in a particular high-stakes tournament. I’m thinking about serious, highly ranked poker players who have gone broke . . . and never came back from that.

In fact, according to a recent article by Alan Schoonmaker in Card Player Magazine , “If you’re a pro, you have a much higher probability of dying broke than members of other professions, including people who earn much less than you’re winning now.”

Yes, there are many pros that were extremely successful; former WPT and WSOP champions and bracelet winners like Johnny Moss, Stu Ungar, Dave ‘Devilfish’ Ulliot and Gavin Smith to name a few, that not only lost it all and spent their final years penniless, but they also died broke.

How could that happen? Why didn’t they always save a portion of their winnings for their old age? Why weren’t they at least eligible to receive social security and Medicare?

The answer, according to Schoonmaker, is too much self-confidence, otherwise known as arrogance. That’s when you ignore the rules, thinking you don’t have to save money or pay taxes like normal people, believing instead that there will ALWAYS be another huge pot to count on every time you take a seat at a poker table.

Sometimes, there isn’t.

Click here to leave me your thoughts on this?