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I quit my Job

  
 
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elipsesjeff
Old 06-13-2005, 10:15 PM     Post subject: I quit my Job #1 (permalink)  
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Its been a long time coming, but I finally did it. After a lot of support from Mike4066 and others around here I finally got up the balls to quit my $10/hour bullshit internship after 6 months.

My professional poker career will be shortlived until I start school again but until then I'm playing my ass off. After figuring out my monthly expenses I realized I have about 14 months saved in equity (being in college is awesome) and that 40 hours a week at $10 an hour is only $330 after taxes is fucking bull shit considering the dough I've been making.

I dont know what else to say but good riddance. Oh, I've also never quit from my job before so it really did take some balls. But, when it came down to it it was about the money. Now, I just have to keep it hidden from my mom and dad for a little bit. . .


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Thinker
Old 06-13-2005, 10:24 PM #2 (permalink)  

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I think you have to pay extra attencion now, the pressure from needing to win can cloud your mind, expecially on one of those darker days.
Other than that ... things will go just smood
Good Luck!
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Room
Old 06-13-2005, 10:26 PM #3 (permalink)  
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Best of luck Jeff.

What are your plans for profitability? Are you going to multitable lower limits or play fewer tables at higher limits?

By the way, you make the move up to the Party 15 yet?
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moiraine57
Old 06-13-2005, 10:38 PM #4 (permalink)  
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Jeff,

Don't know you too well, but your story is an inspiration. I think I'll just quit my job in the military!

Oh wait, they don't let you quit. Damn.

But seriously, you are totally my hero. I'm sure eveyone who plays poker dreams about going pro....


Congratulations and best of luck.
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Theeggman
Old 06-13-2005, 10:43 PM #5 (permalink)  
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Best of luck to you. I'm sure you can supplement the $10/hr with solid play. Let us know how it's going.
I'll be a rootin' tootin' shootin' damn fool, protectin' my chips.
 
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koolmoe
Old 06-13-2005, 10:45 PM #6 (permalink)  
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Good luck.

There are a few reasons besides money to maintain steady employment, but I have to admit I'd probably quit a $10/hr job too...
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Nehmer
Old 06-13-2005, 11:17 PM #7 (permalink)  
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I personally don't have any idea why you would possibly have been working making $10/hour considering the poker limits you play. Just tell your parents the same thing I told mine, "I make way more playing poker than working", then show them one of your "paychecks"
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mike4066
Old 06-14-2005, 12:47 AM #8 (permalink)  
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There are alot of reasons to work a $10 job during summer..

Resume builder, .... ok thats about it

I'd wish you luck but you don't need it.
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pokerfanatic
Old 06-14-2005, 12:50 AM #9 (permalink)  
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Finally, just don't quit school finish up so you have something to fall back on... Good Luck
“Dream as if you’ll live forever. Live as if you’ll die today.” ~ James Dean ~

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Muxy
Old 06-14-2005, 02:56 AM #10 (permalink)  
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elipsesjeff
Old 06-14-2005, 04:56 AM #11 (permalink)  
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Thanks for all your support guys, I'm going to need it once I break the news to my family.

My girlfriend has been real supportive of me and she was surprised I actually went through with it. We'll see how sexy a professional poker player is

Anyway, I plan on playing 10/20 6 max at party full time and I've been 2 tabling that with some consistency. If I fail at that I can always quad 3/6 full like the average pro and do fairly well at that also.


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Fnord
Old 06-14-2005, 05:01 AM #12 (permalink)  
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With rakeback and good game selection you can do $40+/hour quad tabling 2/4 and 3/6. You can make even more if you get really good at 5/10 6 max, although rakeback becomes a large chunk of your income. Great 10/20 6 max and 15/30 players can do over $100/hour. Although, you really need to buckle up for a rollarcoaster. You can EASILY drop a couple grand in an hour or two in both games.
 
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gabe
Old 06-14-2005, 05:32 AM #13 (permalink)  
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thats cool jeff, keep it real
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ArcticKnight
Old 06-14-2005, 06:00 AM #14 (permalink)  
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Just popped into to say "Best of Luck Jeff"

If a fish like me can pull $$ out of UB at 10/20 6 max, then you will do REAALLLLYYY well at party/empire (or anywhere).

You are a smart guy -- best of luck. Thanks for the tips over the past few months.

Now...I'm back to golfing again............(maybe a little Friday and Saturday evening 10/20 6 max ....)

PS. Yes.....I even gave a cyber beggar a $1......lol


Gone golfing ..see ya in the Fall of 2006
PS. What did the snail on the turtle's back say?
Wheeeeeeeee........
 
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Bmxicle
Old 06-14-2005, 06:28 AM #15 (permalink)  
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Quote:
Originally Posted by Thinker
I think you have to pay extra attencion now, the pressure from needing to win can cloud your mind, expecially on one of those darker days.
Other than that ... things will go just smood
Good Luck!
If that is your name on the party skins i played w/ you at 600nl today.
 
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G_host
Old 06-14-2005, 06:36 AM #16 (permalink)  
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Good luck Jeff! I hope your family takes it well
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Phyl
Old 06-14-2005, 10:02 AM #17 (permalink)  
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Congratulations and good luck!

BTW, if you're going back to college then why will your family be so worried about you quitting a $10 an hour job?
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gutshot
Old 06-14-2005, 04:36 PM #18 (permalink)  
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Cool, mang. At least you got 6 months of internship to put on your resume for after school. Have fun making some real scratch now.
-jay

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BoondockSaint
Old 06-14-2005, 08:39 PM     Post subject: Re: I quit my Job #19 (permalink)  
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Quote:
Originally Posted by elipsesjeff
Its been a long time coming, but I finally did it. After a lot of support from Mike4066 and others around here I finally got up the balls to quit my $10/hour bullshit internship after 6 months.

My professional poker career will be shortlived until I start school again but until then I'm playing my ass off. After figuring out my monthly expenses I realized I have about 14 months saved in equity (being in college is awesome) and that 40 hours a week at $10 an hour is only $330 after taxes is fucking bull shit considering the dough I've been making.

I dont know what else to say but good riddance. Oh, I've also never quit from my job before so it really did take some balls. But, when it came down to it it was about the money. Now, I just have to keep it hidden from my mom and dad for a little bit. . .
Phat - thats about how long I had my internship before I called it quits but I made $10.50 whahaha.

Im pretty much in the same situation as u except it never took balls for me to quit. Actually the more jobs I had the shorter they got.

McDonalds - 1 year - when i was 16
Menards - 4 month
movie theater - 3 months
factory - quit after 3 days
then my internship i actually held for about 5 months maybe 6 - somewhere around there.

Well anyway i love the freedom and im sure u do too. Best of luck to ya

One of my best friends from high school I started training back in november-december. I brought it up when he said he was going to get a second job to pay off stuff and maybe get some extra money. I said fuck that man ill take you on as my apprentice. And well I did and he quit his main job a month and a half ago and is now also a full time pro. And he made more last month than he ever has the whole rest of his life in any one month. He loves every minute. He was in vegas for 4 days a couple weeks ago and made 1100 bucks.

The freedom of choice to do whatever u want whenever u want I think is worth as much if not more than the money. Not having a boss or schedule is the phattest thing ever.

Take it easy, congrats, and good luck.
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koolmoe
Old 06-14-2005, 09:25 PM #20 (permalink)  
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Quote:
Originally Posted by Fnord
You can make even more if you get really good at 5/10 6 max, although Rakeback becomes a large chunk of your income.
If you 3-table 5/10 6 max, rakeback adds about $15-$20 per hour.
Poker is freedom
 
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jmontis
Old 06-15-2005, 07:54 AM #21 (permalink)  
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Quote:
Originally Posted by koolmoe
Quote:
Originally Posted by Fnord
You can make even more if you get really good at 5/10 6 max, although Rakeback becomes a large chunk of your income.
If you 3-table 5/10 6 max, Rakeback adds about $15-$20 per hour.
that's nuts, you could be a barely break even player and still profit from rakeback
take your ego out of the equation and judge the situation dispassionately
 
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kizzik
Old 06-15-2005, 08:18 AM #22 (permalink)  

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Quote:
Originally Posted by jmontis
Quote:
Originally Posted by koolmoe
Quote:
Originally Posted by Fnord
You can make even more if you get really good at 5/10 6 max, although Rakeback becomes a large chunk of your income.
If you 3-table 5/10 6 max, Rakeback adds about $15-$20 per hour.
that's nuts, you could be a barely break even player and still profit from Rakeback
elipsesjeff could be a slightly losing player and still be doing better than his internship with rakeback.
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jmontis
Old 06-15-2005, 08:23 AM #23 (permalink)  
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Quote:
Originally Posted by kizzik
elipsesjeff could be a slightly losing player and still be doing better than his internship with ]Rakeback[/url].
true
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Element187
Old 06-15-2005, 08:59 AM #24 (permalink)  
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whats your profit at party to be able to leave your job for poker ?


im an engineer, and i dont think i will reach a point when i can retire and play poker for at least 5 or 6 years.
"Imagine how it would be to be at the top Making cash money, Go and tour all around the world, Tell stories about all the young girls." - The Prodigy - Girls
 
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elipsesjeff
Old 06-15-2005, 06:27 PM #25 (permalink)  
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I was making $20 an hour in january playing 2/4. It doesn't take too much guys.

http://www.dailyillini.com/media/pap...3.shtml?page=1


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Element187
Old 06-15-2005, 08:18 PM #26 (permalink)  
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wow i liked the article.. you are a pretty good writer as well as a poker player .. its a shame you are giving up your internship.



but for me to play poker professionally, i think i need to make a little more then 20$/ph so thats why i say its years away .
"Imagine how it would be to be at the top Making cash money, Go and tour all around the world, Tell stories about all the young girls." - The Prodigy - Girls
 
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koolmoe
Old 06-15-2005, 09:25 PM #27 (permalink)  
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Quote:
Originally Posted by Element187
but for me to play poker professionally, i think i need to make a little more then 20$/ph so thats why i say its years away .
You just need to become a winning player at a decent limit. Over several tens of thousands of hands at 5/10, I have won more per hour (not including rakeback) than I make at my six-figure job, and I am only a solid player, not a great one.

Three tables of 5/10 6max at 2BB/100 is close to $60 an hour = $120K per year full time.

The primary reason to maintain employment, IMO, is the uncertainty of online poker's future. If I felt certain that the games would remain in their current state for the next 20 years, I'd be a pro tomorrow.

However, for the working professional there is a better plan, IMO...
Poker is freedom
 
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Fnord
Old 06-15-2005, 11:53 PM #28 (permalink)  
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Quote:
Originally Posted by koolmoe
The primary reason to maintain employment, IMO, is the uncertainty of online poker's future. If I felt certain that the games would remain in their current state for the next 20 years, I'd be a pro tomorrow.
Some reasons NOT to go pro:

o Steady income
o Easier to move up when you're not gambling with your paycheck
o Health insurance
o Ability to get a loan
 
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ArcticKnight
Old 06-16-2005, 05:53 AM #29 (permalink)  
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I know this has been debated lots on 2 + 2, but I do believe that the quality of players will rise and the number of weak players will decrease over the next few years. There will be more good or very good players trying to isolate fewer weaker players (and also stay out of each other's way).

A fish either gets better or runs out of money - in ethier case he provides no source of income for good players.

Jeff, I think you picked a good time to enter the fray, as there may not be a long-term window of profibility in a few years.

If you find that you have an edge on even strong players, I hope you will go for the big bucks, and not be content making 40K a year or so for 3 or 4 years. Make some big bucks that you can stash for your own business or whatever when this game starts to dry up.
Gone golfing ..see ya in the Fall of 2006
PS. What did the snail on the turtle's back say?
Wheeeeeeeee........
 
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elipsesjeff
Old 06-16-2005, 05:24 PM #30 (permalink)  
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Quote:
Originally Posted by Fnord
Some reasons NOT to go pro:

o Steady income
o Easier to move up when you're not gambling with your paycheck
o Health insurance
o Ability to get a loan
-Steady Income: $10/hour
-Move up: I'm already playing relatively high stakes. I plan to not move up to 15/30 for sometime, a few tens of thousands of 6 max will help me get it down. Possibly until I go back to school.
-Health insurance: I'm getting it through my school right now.
-Loan: Also getting it through my school. However when the time comes to get one I'll probably have a stable job.



Thanks for you comments everyone again, You never really do realize what short term is when you can double your database in a matter of days. Currently, I'm enjoying the poker life, getting up at noon, staying up until 4. Its like a party every night even if right now I'm not running good. I've been able to find some leaks so far:

-Calling down too much with Ace high no kicker against raises (I'm expecting this to bring me down to 35 WSD)
-Playing too much from the SB. Right now I'd be making .2 bb/100 more if I just folded everyhand...
-Not check raising/waiting for the turn to raise my good hands. I never did like the limp-reraise with Aces and Kings, although I'm going to have to do something to not take the blinds 50% of the time. Also, When I have TPTK and I'm bet into, more often than not I raise the flop and bet the turn only to get a fold. I'm going to start calling that flop bet and hitting him on the turn.

Some things real good so far:
-I'm consistently going 25 vpip and 16 PFR so my preflop selection to me is really good. I still need to cut down on some of my AXs raises, although when to stop I dont really know.
-The fact that I can get up whenever the fuck I want. Although after AOK's post I'm needing more discipline.


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StinkyBeaver
Old 06-16-2005, 05:53 PM #31 (permalink)  
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Quote:
Originally Posted by ArcticKnight
I know this has been debated lots on 2 + 2, but I do believe that the quality of players will rise and the number of weak players will decrease over the next few years. There will be more good or very good players trying to isolate fewer weaker players (and also stay out of each other's way).

A fish either gets better or runs out of money - in ethier case he provides no source of income for good players.

Jeff, I think you picked a good time to enter the fray, as there may not be a long-term window of profibility in a few years.

If you find that you have an edge on even strong players, I hope you will go for the big bucks, and not be content making 40K a year or so for 3 or 4 years. Make some big bucks that you can stash for your own business or whatever when this game starts to dry up.
I also think that some of those who go pro now will have a hard time keeping up when all the fish's has been caught.

However it does seem like Jeff is real talented, so best of luck in the future m8
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Les_Worm
Old 06-16-2005, 06:21 PM #32 (permalink)  
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Sure fish will go broke. New fish will come. There are thousands of new ones everyday.
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koolmoe
Old 06-16-2005, 06:25 PM #33 (permalink)  
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Originally Posted by StinkyBeaver
I also think that some of those who go pro now will have a hard time keeping up when all the fish's has been caught.
I personally think the influx of fish is not the problem. There will always be young punks and middle aged dreamers who want to enter the fray.

The tipping point is the legality of online poker. There is more downside than upside here. IOW, if it's made illegal, then the games will get much worse, if it is possible to play them at all. If it is made legal, there are negative ramifications that cancel out or possibly outweigh any of the potential benefits.

It will be interesting to see what role established gaming entities would have in the shaping of online poker's future.
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koolmoe
Old 06-16-2005, 06:37 PM #34 (permalink)  
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Quote:
Originally Posted by Fnord
Some reasons NOT to go pro:

o Steady income
o Easier to move up when you're not gambling with your paycheck
o Health insurance
o Ability to get a loan
I think health insurance is a non-issue. It is just something to add to the calculation of your monthly nut, though I agree that most people will neglect this aspect of their compensation when determining whether to go pro. Employer-paid life insurance, long and short term disability, vacation, and employer retirement contributions are also considerations in this same vein.

The biggest deterrent for me is that it would be difficult to re-enter my field at all - much less at the same level - if I were to drop out for three years or so. If I could just leave reenter the workforce at my choosing, that would change everything.

Of course, my decision-making process is based on having a couple of years of income stashed away, so steady income, moving up, and ability to get a loan are more minor to me, though they would not be to the average person.
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Element187
Old 06-17-2005, 01:48 PM #35 (permalink)  
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Quote:
Originally Posted by koolmoe
Quote:
Originally Posted by Element187
but for me to play poker professionally, i think i need to make a little more then 20$/ph so thats why i say its years away .
You just need to become a winning player at a decent limit. Over several tens of thousands of hands at 5/10, I have won more per hour (not including Rakeback) than I make at my six-figure job, and I am only a solid player, not a great one.

Three tables of 5/10 6max at 2BB/100 is close to $60 an hour = $120K per year full time.

The primary reason to maintain employment, IMO, is the uncertainty of online poker's future. If I felt certain that the games would remain in their current state for the next 20 years, I'd be a pro tomorrow.

However, for the working professional there is a better plan, IMO...
if i was making 60$ /ph i would continue to play after work for 8 hours or so a day and save up for a year or two of winnings and move next door to a casino in either las vegas or atlantic city and try to go pro.

i play online mostly for fun and supplement income.. in order for me to go pro i would have to play at a live casino where the stakes are higher and the players are alot worse then the ones online.

the casino boats here suck, only go out for 4 hours at a time and its a pain to drive out to the coast when i want to play.
"Imagine how it would be to be at the top Making cash money, Go and tour all around the world, Tell stories about all the young girls." - The Prodigy - Girls
 
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