| Posted by: Boltneck at December 12, 2007, 12:10 pm | | Topic: Newbie Setting Poker Goals Forum: Card Chat |
Quote: Originally Posted by Black Panther
I have always had an interest in gambling and probability. I have studied other forms of gambling, however because I am generally a conservative punter
Hi BP and welcome to Card Chat.
Your initial goals sound quite reasonable to me, though don't be too disappointed if you don't quite meet them. I'm not sure what the exact figures are, but there are far more loosing players than winning players out there. To be a break even player from the start would be a ery reasonable achievement.
With regards to the games that you play, I'd say 15c / 25c FL is a little high for your Bankroll (you really need $75 to be playing 15c / 25c FL, perhaps more as you are a complete novice). 15c / 25c NL is FAR too high (you need a BR of $500 to be playing that level).
With regard to your comments regarding other forms of gambling, an aquaintance of mine is a professional gambler. There is only one rule if you are gambling for profit (or for a living) and that is make sure the odds are in your favour. It takes a lot of hard work and research, but is not some mysterious art form - anyone can do it. I'll give you a silly example. Lets say that I knew that one day in every 25 (on average) there would be no new post created on this forum. Now lets say that the bookies offered me 28/1 that there would be no new threads created tomorrow. I'd take the bet. Doesn't matter whether I win the bet or lose really. If EVERY bet I make has the odds in my favour, then I WILL win in the long run. Poker is pretty much the same. Of course, the difficulty with other forms of gambling is knowing when the odds are in your favour - with poker (so long as you have a reasonable grasp of the concept of maths, odds, and implied odds) it's much easier.
Good luck with your new enture. I hope you enjoy the forum, that you contribute to it and that you are successful in your new enture.
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