Positive Variance
Last week we discussed negative variance, this week we will discuss positive variance. There is no such thing as luck in poker, only positive or negative variance. Better to be lucky than good!I’m running like a god!I’m impossible to stop!I can’t…
Look left!
There are many intangibles professional poker players do on a consistent basis. I discussed a few of these in previous blog entries. One I didn’t discuss is looking left. I always look left before deciding to play hand and act…
What it Means to be a Pro.
“I’m a poker player. You just play poker”To me, a professional poker player is someone who earns a living playing poker as his or her primary source of income. Semi-professionals, on the other hand, play part-time for profit while holding…
Moving Up Stakes
As a professional player the ability to play in bigger games with higher stakes while sustaining a high win rate is the equivalent to giving yourself a raise. Whenever I am asked whether I think it’s better to be a…
Cash Versus Tournaments
People always seem to assume I play tournaments for a living when I tell them I play poker professionally. “When will I see you on TV?” they often ask. Then I have to sit and explain to them that I play…
What To Do With Your Poker Winnings
Managing your money and investing away from the table is important. How you handle and invest your money away from the table can have a huge factor in your poker success. I am risk adverse when it comes to my…
Poker and Taxes
Disclaimer: I am not an accountant or tax professional. All information I provide is my opinion based on my own research and experience. For the most accurate information regarding taxes, please consult a tax professional. In 2010, thanks to the…
How much to to toke.
It’s very important to keep track of how much you tip. Depending how big of a winner you are in the game your tokes will be a different percentage of your win rate. In my opinion you should be tipping…