Returning from the Lull
I have to apologize for the delay. After getting busted by the NYPD vice squad playing in midtown I took a little break. Not from playing, but from playing sketchy games… well, from playing SUPER sketchy poker games. And, in the interest of not being hassled, I took a break from posting here.
Since it is coming up on World Series of Poker time again I thought it a good time to fill you all in on what has been happening.
Shortly after the bust I packed up and went to Vegas to play in the World Series of Poker. Forget the Rounders cliches, if you’re anybody in poker, that is to say anyone who plays poker for a living, you go to Vegas in July and you play in the WSOP. Even if you’re a banking-industry castoff who is playing 1-2 and 2-5 no limit for a living you scrounge up a bankroll and you find $10,000 to buy in.
A rule of thumb in the poker world is to have about 50 buy-ins for a poker tournament. Numbers vary, but I think that is reasonable. To put it bluntly I do not have $500,000 to put into poker tournaments. That said, the WSOP main event is the biggest poker tournament in the world and I wanted to have as much of myself as possible in the event. I decided to put in $3000 myself and sell off the other $7000 for 50%.
For those of you who have never tried to sell pieces of yourself before, it is an odd process. We all have friends who have said “You play poker? If I give you $100 can you turn it into $200??” Remember how obnoxious that was? Well, now you have to go talk to those friends and convince them that you the expected value on their $100 is $300, but that they could lose it all if you get unlucky or play poorly.
You might think the first people you’d want to talk to are your parents, but think about that. Do you REALLY want your parents questioning your chosen profession again? Chances are they were not thrilled with your original chosen profession. Do you really want them to have 7000 new reasons to convince you to leave?
So the other option is your friends…
Hey, great site here! I’ve been waiting for you to update for a while, hopefully it won’t be another nine months next time
Don’t let the vice squad keep you down!