Friday, March 31, 2006

A get rich slow scheme...

I've got a ton of stuff I want to post about, but not enough time. There was one thing I wanted to share now before I lost the thought.

Jason Bonace, in his most recent article in CardPlayer College (Temper Your Expectations) published some stats on SnG ROI in the long term. Good players make approximately 10-15% of the buy-in for each one they enter. Lately I've decided to start playing some $20+2s on Stars -- this means I'll earn about $2-$3 per SnG. Not much, huh.

What I've known for a while but am only now starting to understand is that making money at poker is really about volume -- variance more than dwarfs any edge you have (well, that and the rake takes a big chunk of your edge in the first place). The only people consistently and easily making money on poker are the casinos and online sites.

Yet, I can't do volume. Mentally, I don't think I have it in me to grind long term -- really making money at poker online requires establishing a good strategy with minimal decisions and executing it again and again (and again, and again...). Physically, I can't sit at the computer and just click away all day and night -- I already do that at work. And, honestly, I think I lose a pretty sizeable edge from my game with multi-tabling -- I believe one of my weaknesses is not being able to effectively context-switch rapidly and still get results.

So there goes my dream of being a poker professional :) Now I just need to focus on enjoying the time I spend playing.

No comments: