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Introducing myself and my poker staking history |
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Invertible United Kingdom. Mar 26 2012 13:39. Posts 4 | | |
I hope the title grabbed you,
About me
My name is Adam and I've been playing poker as my sole source of income for 2 years now. I was at uni studying maths before I dropped out because I was too lazy to keep up. At the time I was playing $0.5/$1 and making decent money so I ended up quitting my weekend job and playing full time. After about a year I had quite a bit of money saved up and I decided to put a bit aside for staking.
Staking
Poker staking isn't as easy as it first appear's, trust me, once you start staking out a lot of your net worth to people you have never met before, it can be pretty stressful. Luckily I ran pretty hot at the start and had 2-3 every good players that were moving up pretty quick. It wasn't long before I was staking 5/10 and even a bit of 10/20.
By this time I had already set up my own poker staking website and It was getting very serious, I was staking out roughly $120k a month and I was bringing the site I was working with a lot of traffic. Then of course black friday hit and everything started to go tits up. The poker site I was staking on was on the Merge network and I was very worried they were going to be shut down as well as PS, FTP and UB. I started moving my focus on to another site and as soon as I did, the site I was working with basically decided to take all my players on themselves and I pretty much lost everything I had built.
That was almost a year ago now and I'm ready to start again. grinding 200nl just isn't the same when you have had $40k months before. As the title says, I want to start my own poker room, but to get there I need a player base. Quite a lot of this will come from my poker staking website hopefully. I will also try and develop my skills on a few smaller sites. To make things harder, the site I will be staking on is a brand new site with little traffic. This should help me develop the skills I need to run my own room.
Goals
- I still want to play enough poker to get me supernova by the end of the year
- Build my player base (twitter/facebook/mailing list)
- Network with other people in the industry, this should help me in any future projects
- Work on my writing skills
I'll be posting updates on these points as soon as I start to see some progress, feel free to leave any comments, I'll respond asap
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| | Last edit: 26/03/2012 13:53 |
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dUUd_ Estonia. Mar 26 2012 13:42. Posts 1840 | | | |
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| redsnuff: bets all in with bad preflop hand and tell me to learn poker redsnuff: senceless | |
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| | On March 26 2012 12:42 dUUd_ wrote:
interesting |
very interesting.. Best of luck bud. Keep us updated! |
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Oly United Kingdom. Mar 26 2012 14:17. Posts 3585 | | |
Sad news, good luck to you rebuilding. I also quit studying maths in the UK to take up poker full time (though doing it at only 100nl seems a bit thin!), then went into business. I'm sure your experience is very different to mine, but I can highly recommend you to finish your degree with the OU which is what I'm doing now - gives you so many more life options considering the huge known and unknown risks in the poker business. gl... |
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| Researchers used brain scans to show that when straight men looked at pictures of women in bikinis, areas of the brain that normally light up in anticipation of using tools, like spanners and screwdrivers, were activated. | |
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Invertible United Kingdom. Mar 26 2012 14:21. Posts 4 | | |
| | On March 26 2012 13:17 Oly wrote:
Sad news, good luck to you rebuilding. I also quit studying maths in the UK to take up poker full time (though doing it at only 100nl seems a bit thin!), then went into business. I'm sure your experience is very different to mine, but I can highly recommend you to finish your degree with the OU which is what I'm doing now - gives you so many more life options considering the huge known and unknown risks in the poker business. gl... |
I plan on going back one day, maybe if this fails it will be time to go back, I'm not really enjoying playing online poker anymore. I def won't be studying maths again though, maybe something more on the business side of things. |
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flounder44 United States. Mar 26 2012 16:23. Posts 916 | | | |
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Fujikura United States. Mar 26 2012 20:22. Posts 1795 | | |
Hi Adam, if you're the same Invertible that I've heard about, then I know quite a lot about you from some friends in Vegas. Hope everything goes well the second time around, have heard good things about you, assuming that there can't be two invertible's in the staking industry :D |
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| aka SouL)Z(Isadie and SouL)P(Fujikura | |
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Daut  United States. Mar 26 2012 23:17. Posts 8955 | | |
interesting that you staked for cash games. ive always considered people that are stake-able in cash games as an exception rather than the rule. reason being if someone wants to play 2/4 or 3/6 and has even 8k they can play 1/2 and grind back up in a month rather than get staked due to little variance in winnings by month. and those who need it often want to play higher than they can beat or are degenerates and may do the same thing with your money.
of course if you can get the right people they will grind you money variance free and you cant lose. but i think those people are the exception rather than the rule, and usually they leave before they make you very much money. i.e. we staked longple and he was a couldn't lose horse for us, but he left after making us 12k because he could go on his own and grind up |
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| NewbSaibot: 18 TIMES THE SPEED OF LIGHT. Because FUCK YOU, Daut | |
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PuertoRican United States. Mar 26 2012 23:42. Posts 13102 | | |
Welcome.
Don't forget to follow the weekly MMA threads in the General forum. |
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Invertible United Kingdom. Mar 27 2012 06:54. Posts 4 | | |
| | On March 26 2012 19:22 Fujikura wrote:
Hi Adam, if you're the same Invertible that I've heard about, then I know quite a lot about you from some friends in Vegas. Hope everything goes well the second time around, have heard good things about you, assuming that there can't be two invertible's in the staking industry :D |
Yup thats me |
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Invertible United Kingdom. Mar 27 2012 07:00. Posts 4 | | |
| | On March 26 2012 22:17 Daut wrote:
interesting that you staked for cash games. ive always considered people that are stake-able in cash games as an exception rather than the rule. reason being if someone wants to play 2/4 or 3/6 and has even 8k they can play 1/2 and grind back up in a month rather than get staked due to little variance in winnings by month. and those who need it often want to play higher than they can beat or are degenerates and may do the same thing with your money.
of course if you can get the right people they will grind you money variance free and you cant lose. but i think those people are the exception rather than the rule, and usually they leave before they make you very much money. i.e. we staked longple and he was a couldn't lose horse for us, but he left after making us 12k because he could go on his own and grind up |
Yeah, your right with pretty much everything you say. With cash game players there is a pretty high turnover, most players stay for between 1 and 3 months till they get back on their feet again. So there is a lot of work involved in constantly rehiring players. I had players that made me quite a bit over a year long period before my stable got broken up. Out of the 40, I had 5 that were the core of my stable and the other 35 we players that basically constantly left and rehired others in their place.
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