Mike Matusow is an idiot, but he has said one thing which has rung true throughout my poker career. Anyone who plays this game for a living must be sick. I'm probably sick. You have to be a little twisted to gamble for a living. And this isn't because it can be a hard living (many jobs are hard) and it isn't because it provides little satisfaction (again, many if not most jobs are not very satisfying.) The real reason is this: horrible horrible things are going to happen to you when you play poker, and you know this going into it (and go through with it anyways.) This is NOT like other jobs.
The terribleness of most jobs is in the small things, the repetition, the crummy boss/coworkers, the poor pay, the lack of promotional possibilities. But none of these things can amount to the feeling you get when you work 40 hours a week, week after week, and come away worse than when you started, financially speaking. The only other job I can think of with this facet is investing.
But there still is a clear difference between the two. When you invest, the money works for you, and you don't have to sit there and stare at every loss and every gain. If you did, you'd probably drive yourself mad. You can sit back and look at the overall trends per month or per quarter, and look at the profits.
This would be the most ideal viewpoint to play poker, but it's hard to have such a high vantage point of your wins and losses when you have to see each and every one of them right in front of your face. And when the beats pummel you for week after week...it takes it's toll.
They've certainly taken a toll on me.
I thought that I had become rather immune the variance of playing the game, but really I was good at short term variance. A few days of losses or a week of poor results, I could get used to. I did get used to that. But there are more prolonged streaks of losing in poker.
What's interesting about these streaks is that when you consider playing poker for a living, you don't consider these kinds of streaks very much. Especially if you think you're a good player. You might think along the lines of "well I'll be able to limit my losses with my skill." Which is undoubtedly true, but missing the point completely. Even when you limit your losses, you're still losing. And when these streaks get prolonged, you not only have to deal with losing, but with self doubt, paranoia, financial pressure.
I'll start having thoughts that I'm not nearly as good at poker as I thought I was. Even though I've been a consistent winner for a year and a half. That I'm not good enough to make a living from this game, or atleast not enough to make a
good living from it. Just 2 short months ago I was on the verge of my bankroll hitting 10k, and now I'm at 5k, with massive losses piling up.
On top of that, a part of that bankroll will have to be withdrawn to pay for taxes on my winnings from the past year!
Yet another cliche is coming to mind as abundantly true. Poker is a hard way to make an easy living.
::
On a closely related topic, I've been reading all sorts of things about people playing professionally these days. 2+2 is full of these players, and many of them are woefully naive. They view poker as some kind of dream job with the end result being a huge tournament win and a lifetime of travel, fun, money and women. (Or some mix of those things.)
TV poker has so glamorized poker with stories of people winning satellites for cheap, and parlaying that satellite win into a major payday. Of course you don't see the thousands of other players who put money into the prizepool and came away with nothing. This is the most common result in tournament poker, especially for these newcomers who think they can play poker.
Poker is such a great game because it fools everyone into thinking they are winning players. How does it do that when most people lose? In many ways probably. First you have an abundance of players with initial success without strong poker skills. This involves a tournament victory for thousands of dollars, or a hot run in ring games for an insignificant number of hands.
Secondly you have to realize that most people do not track their results. So in reporting their winnings, it's all too easy to lie to yourself. You remember the times you win, and shrug off the losses as "times I got unlucky." And at the end of the year, especially if you get bonuses, you think you are a winning player, or "a break even player at worst." I can't recall the number of terrible players I've heard say that. Even though less than 10% of poker players come away with positive results at the end of the year.
Thirdly, even for players who do track their results, but are currently beating micro limits or $5 sngs...it's so easy to assume your winrate will continue as you move up the ladder. Again, this is not the case at all. I could teach pretty much anyone to beat low buy in poker. You can have almost no knowledge of proper post flop play, but so long as you start with better hands that your opponents (play tight) you will have a consistent slim edge over the other idiot players.
But to extrapolate small winnings at small stakes holdem into medium winnings at middle limit (and so on up) is a ghastly mistake. As you move up, so must your skills. And sadly for most people, their potential isn't as high as their hopes. Everyone has a theoretical plateau; based on your intelligence, your determination to win, your ability to adapt to better players, and so many other semi-tangible factors.
Your opponents want to win just as much as you. And as you move up, you are more likely to run into players who know everything that you know about the game and more. This is necessarily so, unless you are the most talented player at the level you play at (and there can only be one of those.)
Now you can avoid these players like the plague and focus your attack on the weak players at every limit you reach, but don't think for a second that your EV won't be effected by the diminishing number of donks and the higher number of skilled players.
For a simple thought experiment: Try to imagine how good you would do at a table full of players that were identical to you in every way. Of course you would break even, and hence lose out to the rake. So not only do you have to be better than the other players at your table, but you have to be so much better as to cover what you pay the casinos. This is not easy! I pay about a thousand dollars in rake per month (atleast I did when I was in ring games.) So theoretically you could beat a game for over a grand a month and still have nothing to show for it. As is sometimes the case when you're running bad.
What's the fucking point of all of this? Simple, poker is hard. Poker is harder than non pros can even fathom, and I sort of wish every wannabe pro would quit his job and find out just how brutal it can be so they would perhaps lay off of me with their faux-poker knowledge.
It's a funny irony though, that this is the way poker
has to be in order for it to be profitable. Were it not for the fact that most people are fooling themselves, people couldn't make a living off of it. And this is yet another burden the pro must carry. All pros are dependent on bad players for their livelihood, and yet must occasionally (or frequently, depending on how well you are running) give away their money to these very players and absorb whatever inane shit they have to say.
Anytime someone says to me that I should be happy I was just all in with way the best of it and lost anyways against some donk, I just want to grab a lead pipe and show him how happy I am that I have to deal with these idiots all day long.
Anyways, since this topic is becoming violent, I should end it. If any poker hopefuls are reading this, I will tell you this much. The poker world is like the real world, the weak get eaten up by it, and if you're strong enough, you come away like a diamond carved out of rock through ages of pressure and conflict. My biggest fear is that I'll find out that I'm not one of the strong ones, and that should be the genuine fear anyone who does this for a living has. Everything else will fall into place based on that simple truth.