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by coryl 5008 days ago
If its about luck, than why do we see the same familiar faces deep into WSOP finals?

Luck is only relevant if you're playing for the short run. Professionals generally make decisions that favor them in the long run against natural statistical deviations. That's why playing against a beginner is incredibly hard; they make poor choices that don't necessarily result in poor results. But put compare the results of that beginner vs a pro after 1000+ hands, and you'll see how much luck vs skill matters.

1 comments

But how much money does a poker player burn through before he/she is "good enough" to play in big tournaments and win decent money? A couple hundred thousand? A couple million?

It's like when someone wants to trade stocks/derivatives. They may lose massive amounts of money before getting their sea-legs and that is a price that is far too high for most people (and their families) to endure without gaining anything tangible.

And I wouldn't think that "Professional Poker Player" is a title that would land a high paying job like a university degree might. If someone is spending all their time learning to be a pro poker player, it might back them into a corner where now that's all they're are capable of doing for the rest of their life whether they win or not.

Variable reward systems, like gambling, are damn hard addictions to break once conditioning has set in.

Pursuing poker as a career is usually a poor decision for a variety of reasons, but the cost of learning is not one of them.

The overwhelming majority of poker hands are now played online, and the limits go as low as $0.01/$0.02 -- in today's poker landscape, the winning players tend to be those who initially invest a small amount of money and gradually climb the ladder with careful bankroll management.

The opportunity cost, on the other hand, can be very high. Many people waste a lot of time trying to become good at the game without experiencing any meaningful degree of success.