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Old Feb 05, 2009, 7:56pm   #1
MARYAM007
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Default Do people really make money in here???

greetings everyone. i am really starting to wonder if this is some kind of gimmick or not. been playing for a month now, and am embarrassed to say how much i have sunk in this site. i have been playing tight, and after hours, im lucky to break even. im not just talking about this site, but all of these online poker sites. appreciate any success stories to keep me motivated.
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Old Feb 05, 2009, 8:08pm   #2
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I'm up about 50k US over the past two years playing poker.

I'm about the 10th (wow, maybe 15th now that I think about it) most successful player who posts here. Skeptix, Ozone, kid hustlr, TwoGun and Brendo all make more than me playing tournaments and KrappyKonnect and Joey and Gus and (Edit: Seb - not TWLLM) and co. tear up the cash games.

Does that answer your question?

Seriously though, I sucked too for the first six months or so of taking the game seriously. It's all a learning curve.
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Old Feb 05, 2009, 8:22pm   #3
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Meh you didnt mention me
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Old Feb 05, 2009, 8:24pm   #4
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Yeah I used to do ok (not a huge amount b/c of the whole insane bad luck thing, but w/e), but I haven't made money in cash games in a long time, especially since I very rarely play any more. I've decided to have a 'legitimate' career -- lifenitting ftw!



But yes, there are many who make lots of money at this game. It's not a gimmick, although I have to say I certainly wonder sometimes when I see the shit that happens when I'm ahead.


EDIT - to make Seb happy, you can edit me out and put him in. It would be more appropriate anyway.
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Old Feb 05, 2009, 8:28pm   #5
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Edited for Seb's pride and TWLLM's failed luckbox.
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Old Feb 05, 2009, 8:34pm   #6
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Quote:
Originally Posted by MARYAM007 View Post
greetings everyone. i am really starting to wonder if this is some kind of gimmick or not. been playing for a month now, and am embarrassed to say how much i have sunk in this site. i have been playing tight, and after hours, im lucky to break even. im not just talking about this site, but all of these online poker sites. appreciate any success stories to keep me motivated.
I understand how you feel. When I first started out, I was really discouraged about how things went. I almost quit playing two months after starting. I had read a few books and had some spurts of success, along with a nice healthy dose of flat-out losing. It's very hard to become a long-term winner. I am not familiar with anyone who has a "I started out winning and then just kept on winning." story to tell.

My advice :

1. While you're learning (which is what the first several months is all about), it's important to find ways to pad your bankroll. Look at it as "subsidizing" your learning process. If you can, find a way to set up a rakeback account. It's basically free money (if you have any more questions about this, I'll be happy to answer them). Most players start out losing, so you want to find a way to turn moderate losing into at least a break-even proposition. Look for bonuses at different sites and focus on clearing them to build your bankroll.
2. Read books. Lots of books. When I first started, I picked up a few books, and thought I had all the answers (I didn't). I just "knew" that my magic Sklansky chart was going to make me a mint playing poker. If you keep reading up on the game, you'll be amazed at the silly things you were doing two months before.
3. Don't get too discouraged (or encouraged) about a month's worth of results. EVERYONE, regardless of skill level and/or experience has losing months. One of the hardest things to do is avoid becoming too results-oriented, but it's absolutely key.
4. Try different games. I started with NLHE, because it's what I played with friends and what I had seen on TV. It turned out not to be my best game (I still play NL like an idiot). Regardless of what you're playing, it doesn't hurt to look around and try something else. I branched out into playing fixed limit, and have had a lot more success. Perhaps Omaha is your game. I have a friend who struggled terribly with NLHE, but absolutely destroys Stud games.
5. Ask a LOT of questions, even about the things that you think you have down. For example, when I first started out, I was overly obsessed with pre-flop hand rankings, and just assumed that I knew what I was doing post-flop (which resulted in disaster). I just couldn't understand why I was losing money while "playing the right cards". Rip apart your game in the beginning, especially the parts you "know". Outside of actually playing, asking a lot of specific questions about specific hands is the best way to get experience.
6. Develop a bankroll plan and stick to it. I'm not saying that you don't, but a surprising number of players kill their chances with horrible bankroll management. There a variety of valid ways to approach it, but you have to have a specific plan. A good bankroll plan won't fix bad play, but a bad bankroll plan will definitely negate good play.

There's no magic formula to winning, and sometimes it just seems "rigged against you", but it's possible to eventually start turning a profit. You're heading in the right direction by asking questions.

Good luck at the tables ~
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Old Feb 05, 2009, 8:37pm   #7
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ok. hope that motivates you.
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Old Feb 05, 2009, 8:48pm   #8
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I don't want to be all doom and gloom for you, but with all the widespread availability of information on poker from sites like this one and video training sites available on the internet and the experience the majority of players already have who are playing, progressing up the poker totem-pole to a level where you can make decent money is going to be extremely difficult and time consuming.

My advice to you would be to focus on the enjoyment you're (hopefully) getting and not the money. Think "instead of going out for a night of drinks for 3 hours and spending $50, I'll put $50 in poker and play 10 $5 sit-n-gos for 10 hours instead" And if after your 10 sit-n-gos you've doubled your money, fantastic! If you haven't, take a little break from poker and maybe a month down the road you'll think "hmmm, instead of going out tonight maybe I'll put some money back in poker"

Also, if you haven't already you should watch the poker videos on this site and others. I think watching how other people play a tight, ABC straightforward style is essential when you're starting out. You may think you're playing tight when in reality you're playing loose, and how would you know it if you haven't watched what others define as tight.

Finally, when you look at 2muchmonies graph above, the obvious thing is that he is up $41K. The important fact is that he was down money for his first 110 thousand hands. Doesn't that make a losing month seem better?

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Old Feb 05, 2009, 9:56pm   #9
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Quote:
Originally Posted by MARYAM007 View Post
greetings everyone. i am really starting to wonder if this is some kind of gimmick or not. been playing for a month now, and am embarrassed to say how much i have sunk in this site. i have been playing tight, and after hours, im lucky to break even. im not just talking about this site, but all of these online poker sites. appreciate any success stories to keep me motivated.
Hello, MARYAM007; I believe I referred you here last night perhaps?

I'm still learning after almost five years.

At Paradise Poker, I started w/50, cashed out w/just under 200 (all US players had to cash out) after about 2 YEARS. I was literally playing pennies, and I think .05/.10 when I cashed out.

Started at Poker Stars a little over 2 years ago w/50, had it up to $1300, now under $1100. Again, I started playing PENNIES, now I'm playing 1/2 or .50/1 Fixed Limit, and $5 SNGs, sometimes $10 dbl/nothing.

I cannot afford to put any more money in so I must play with stakes that allow me to go through TERRIBLE losing streaks and still be OK. I'm just coming out of one. I was at about $1350 or so, and went down to about $900 over about a month's time. I lowered my stakes from 1/2 to .50/1, and I'm just now getting back to 1/2.

I play very little NL cash, but I play pennies there sometimes, and wish to get into it more, because that's where you really can make money (or LOSE if you're bad and/or unlucky).

I come here a good bit, it's a wonderful resource, with some dynamite players.

The best piece of advice I can give you is, PLAY AT A STAKE WHERE YOU DON'T CARE IF YOU LOSE IT ALL FOR TWO WEEKS STRAIGHT OR MORE!!!

Because even great players can go on losing streaks that boggle one's mind. Chris "Jesus" Ferguson is doing something similar to me, starting w/nothing and trying to make $10k. He may have done it already. But anyway, I was reading about his progress and at least once, he had to drop down a level or TWO because of losing streaks. Mr. Ferguson won the WSOP Main Event in (I think) 2000, and remains one of the best players in the world. And HE suffers bad streaks.

His advice is (for a pro) is never to play with more than TWO PER CENT of your roll on any given day. If you play recreationally, and wish to maintain your stack, you can probably stretch that to four or five per cent, but much more than that, and it's easy to have a bad streak long enough to break you.
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Old Feb 05, 2009, 10:02pm   #10
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I've made money playing poker since I was 12. I tried online and have played with other people's money since the second month. I actually was playing winning poker in the first month, but was a degenerate gambler and played beyond my bankroll and lost almost all of it in three sucked out hands

There are tons of winning players; but the winners are the exception-anywhere from 7%-20% with the 7% more likely long term. There are certainly more winning players online than off line.

The real question is what turned 2muchmoney's game around and so quickly?
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