Yes or No

zzgoose

So, I’m a normal geezer who loves poker. I am pretty good at logic and maths. I got lucky a few months back and since then have played me stack, (sounds right eh), however having watched most late games to end point I realize how good the top twenty are. So at times I can win – however what is the missing factor?

I think it’s the point that knowing that myself, as a learned aspiring mortal am worried about losing ummmmm (could have worded that better).

So key to my Stoic approach is – do I quit now or continue my quest - and the hope that at some point, either I become on par (having sold motorbikes, kids and wife) or do I quit …..
Passion or realistic….

Respectfully

Goose

SMARTGOAT

Yes.

mumsie

No?

Itsover4u

why would you quit if you enjoy it? I make the top 20 most years and play part time for fun alongside running a business.

Best thing you can do is play 2 nights less a week and study instead

Essexphil

Itsover4u said:

why would you quit if you enjoy it? I make the top 20 most years and play part time for fun alongside running a business.

Best thing you can do is play 2 nights less a week and study instead

If you enjoy it, the only time you should quit is if you are not getting value for money.

Everyone is different when it comes to playing versus studying. I prefer to play as my study, so will regularly play lower stakes to try out new things. I probably study about 1 hour a week, plus occasionally discuss spots with people. Not saying that is right, just that it works for me.

The thing I always recommend is to open up a separate bank account (with a different bank) for your poker. The advantages are:-

1. You can set clear limits on spend via a Direct Debit from your main account;
2. You cannot kid yourself about wins/losses, and your maximum loss is clear
3. You can work towards treats from your poker account-from a meal out to a holiday
4. Your main bank account provided doesn't know you're gambling, which helps on credit score

Good luck

madprof

https://youtu.be/j04VQthbV0s

Spot on Phil! Exactly how I would have responded......I’m the Arnold S to your Danny Devito 🤪

stokefc

As the quip in the Simpsons says when homer and ned are in Vegas "keep gambling:

madprof

zzgoose said:

So, I’m a normal geezer who loves poker. I am pretty good at logic and maths. I got lucky a few months back and since then have played me stack, (sounds right eh), however having watched most late games to end point I realize how good the top twenty are. So at times I can win – however what is the missing factor?

I think it’s the point that knowing that myself, as a learned aspiring mortal am worried about losing ummmmm (could have worded that better).

So key to my Stoic approach is – do I quit now or continue my quest - and the hope that at some point, either I become on par (having sold motorbikes, kids and wife) or do I quit …..
Passion or realistic….

Respectfully

Goose

hey goooooooose...the biggest thing I've noticed in the big boys game play is when it matters(and for a lot of money), they shove/call more than I do....My decisions to call used to be based " oooh heck, if l lose...." and affected my call rate.....NOT NOW!

GL at the tables

Jac35

madprof said:

zzgoose said:

So, I’m a normal geezer who loves poker. I am pretty good at logic and maths. I got lucky a few months back and since then have played me stack, (sounds right eh), however having watched most late games to end point I realize how good the top twenty are. So at times I can win – however what is the missing factor?

I think it’s the point that knowing that myself, as a learned aspiring mortal am worried about losing ummmmm (could have worded that better).

So key to my Stoic approach is – do I quit now or continue my quest - and the hope that at some point, either I become on par (having sold motorbikes, kids and wife) or do I quit …..
Passion or realistic….

Respectfully

Goose

hey goooooooose...the biggest thing I've noticed in the big boys game play is when it matters(and for a lot of money), they shove/call more than I do....My decisions to call used to be based " oooh heck, if l lose...." and affected my call rate.....NOT NOW!

GL at the tables

Calling that bluff

zzgoose

Cheers all - some real solid thinking points raised there. its a complex game for sure and I realize that I have to focus on certain areas to improve, without throwing money at the problem.

1. time out
2. study (shove/call ratio)
3. smaller games
4. Realistic cash accounting.

Cheers aye Gooooooose

NOSTRI

Essexphil said:

Your main bank account provided doesn't know you're gambling, which helps on credit score

I'm reasonably certain that gambling does not affect your credit rating. Your credit rating reflects your ability to pay back borrowed money and isn't influenced by the ways you spend your money. It can only have an indirect effect, for example maxing out your credit card with deposits (shortly to become impossible due to new regulations) or borrowing money elsewhere to finance gambling or going into your overdraft due to gambling expenditure are all things which may negatively affect your credit rating. I have been depositing on poker sites from my primary bank account and even credit cards on occasion and it has precisely zero impact on my credit rating.

It may have an effect with something like trying to get a mortgage as they will often review bank statements and assess your spending habits but it shouldn't affect your credit rating.

The rest of your advice is great though, albeit equally attainable by stringent budgeting without needing to open a second bank account.

mumsie

Slightly off topic.

I think Phil is referring to a bank account being used solely for poker funds.

Banks have been known to block transactions when used for gambling funds.

And I wonder how things would stand if you tried for a mortgage and you had a gambling account that wasnt declared or even one that was.