Playing poker for serious amounts of money for long time periods has the potential to change your life and mind.
The potential changes to your life are obvious. You can win or lose a lot of money. What you do for work and where you work can change.
The potential to changes to your mind are not obvious, especially to a novice poker player. At the negative end of the spectrum, is developing a destructive compulsive gambling habit. The positive is developing a sense of self-determination and responsibility as well as problem solving abilities. This will be the focus of the article, as it is the only end that I have experienced personally.
If I had to pick one word to express how playing professional poker affected my mind, I’d pick “rewired.” Existing in the extremely meritocratic online poker world has made me very appreciative of personal responsibility and solution oriented thinking. I have often thought about how playing poker is just me and the decisions I make. No bosses, no coworkers, no customers, no bullshit. Other than financial trading, I can’t think of a single way to make serious money that is as free from the influence and prejudices of others. Unlike in the “real world,” your age, gender, race, education, employment history, criminal history, social skills, disability status, country of origin, wealth or influence are completely irrelevant in the online poker world. All those factors that may or may not be relevant to that job you just applied to are likely to come into play, instead of the more important question of, “Will you be good at the tasks presented to you?” In the poker world, that is the only question.
There are really no excuses for a poker player. Either you played well or you didn’t.
Someone with a normal job might be able to explain away poor performance due to a family situation, an illness or other act of God. In poker, you just don’t play if your mind isn’t up to it. Being incapable of determining that is a sign of failure as a poker player. If you need to play because you desperately need the money, you have already made a big mistake. (If you play poker for most or all of your income, you need several months living expenses at a minimum). You can be lucky or unlucky in specific situations or specific stretches, but if you aren’t jumping around between games you are underrolled for those downswings are insignificant when you look back in a year or two. Expect that no one will care about your problems and definitely don’t act like you are owed anything. Did your favorite site raise the rake to an unbeatable level? They owe you nothing. Did legal pressures cause poker sites to leave the market en masse? You aren’t entitled to make a living playing online poker. Use that emergency fund and start figuring out other ways to make a living. (That’s the situation I’m in right now)
Millions of hands of poker into my poker playing lifetime, I realize that I have adopted an “everything is my fault” sort of mentality. Of course this isn’t literally true, but a lot of times I end up in a situation that isn’t my fault, but if I take a step back and look at the steps leading up to it, it’s my fault. For example, Full Tilt Poker has a lot of my money and I probably won’t get it back. I did my due diligence and stuck with “trusted sites.” But so what? That sort of event comes with the territory of playing online poker in this day and age. That is my fault. No one made me play online poker.
This line of thinking extends to other things. There’s very little that can’t be chosen in life (caveat: those born with low IQ, born into extreme poverty or born in a totalitarian government). Most excuses along the lines of I really need to do “X but I can’t because of Y,” usually mean that X isn’t actually important enough to give up Y, or that person isn’t looking for a solution. Solutions aren’t always fast or perfect, but they are always better than surrendering yourself to an unfavorable situation and wasting time and energy complaining. A lot of problems are either directly caused by the lack of money or have a solution that can be implemented with money. You’ve come to the right place, if that’s your problem. Read my (yet to be finished) poker guide and other poker strategy resources mentioned within the guide and you are on your way to solving your money problems.
With the advent of the Internet there is a more equal opportunity to make serious amounts of money than there ever has been in human history. This opportunity combined with the problem solving power of wealth is why my next goal in life is to become rich. It’s not terribly important to me how that happens or how fast, but having an income that covers my living expenses, as well as an emergency fund that’s worth a decade of those expenses will be freeing. I don’t want to be someone who is bitter that all these “lucky” people have more money, more freedom and less problems (or at the very least, less stressful problems). I’m going to be one of the “lucky” people.
That’s not to say that I’m some sort of hyperefficient robot that is consistently making optimal decisions in life. I’m not. I make tons of bad decisions, but I’m getting better. Maybe I’ll end up completely broke, or a victim of a circumstance that would be solved by having money. But if that happens I’ll know where 100% of the blame lies.
