Becoming a Professional Poker Player

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Becoming a Professional Poker Player

Postby justsendmi » Tue May 26, 2009 7:53 pm

Hi All,

I am sure many if not all of us hopes to be a professional poker player, where alll we do is play poker for like 3 to 4 hours daily and spend the rest of the day doing what we like to do.
What do you guys think, is it feasible in Singapore? And if yes, how much funds do u guys think is needed to start it off?
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Re: Becoming a Professional Poker Player

Postby support » Tue May 26, 2009 8:43 pm

justsendmi wrote:Hi All,

I am sure many if not all of us hopes to be a professional poker player, where alll we do is play poker for like 3 to 4 hours daily and spend the rest of the day doing what we like to do.
What do you guys think, is it feasible in Singapore? And if yes, how much funds do u guys think is needed to start it off?


Well 1st of all you need to differentiate between "Professional" and "Fulltime"

There are many "FullTime" Poker players in Singapore already. Aka "Prop" or "Grinder". They play all day long making money off the game.
Professional Poker Players like Bryan Huang are paid by sponsors to go various tournaments around the region/world. These players are more rare.

Bankroll of fulltime players are based on their playstyle Loose? Tight? Agressive? Rock?
Ie.
LAG players have bigger bankrolls (x100 Buy-Ins) due to the loose play and varience
TAG players like DM101 has 30 Buy-In as the Tight play usually doesn't lead to bad beats.

The typical player attempts to make abt 20-30 buy-ins per month.
So if you need to make $3000 /mth as your day-job. You need to play with $100 Buy-ins.

Overall... most are "Part-Time" Players... as 3-4hrs each day is really tiring. How many pple (except of course me the insane programmer type) can stare at PC and concertrate on patterns and analysis for hours...
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Re: Becoming a Professional Poker Player

Postby DM101 » Tue May 26, 2009 9:06 pm

Check out Felix's recent post as well.

viewtopic.php?f=65&t=1420
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Re: Becoming a Professional Poker Player

Postby justsendmi » Tue May 26, 2009 9:37 pm

Wow!! Great replies :)
Really shred some light on the path that I will be taking soon :)

Correct me if I am wrong, so to be a real pro, I would have to go off and win some tournaments like the WSOP?
hahaha
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Re: Becoming a Professional Poker Player

Postby support » Tue May 26, 2009 9:49 pm

justsendmi wrote:Wow!! Great replies :)
Really shred some light on the path that I will be taking soon :)

Correct me if I am wrong, so to be a real pro, I would have to go off and win some tournaments like the WSOP?
hahaha


Yeah... That's the main difference. :D

We got pros in the forum... Ivan Tan & Bryan Huang among others...
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Re: Becoming a Professional Poker Player

Postby asiangravy » Tue May 26, 2009 10:41 pm

justsendmi wrote:Hi All,

I am sure many if not all of us hopes to be a professional poker player, where alll we do is play poker for like 3 to 4 hours daily and spend the rest of the day doing what we like to do.
What do you guys think, is it feasible in Singapore? And if yes, how much funds do u guys think is needed to start it off?


Turning pro is not as glamarous as it seems. Like what is being portrayed in the mainstream media. Do give it a serious thought before making the switch. Also what would be good to give it a try out first for like 2 or 3 months before you make up your mind cause not everyone is suited for turning pro, some might be better off simply playing it as a lucrative as there is a difference in one's mindset when playing for a living as oppose to playing it as a lucrative hobby. For every pro that has made it, there are so many untold busto stories which do not reach your ears. Just some food for thought
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Re: Becoming a Professional Poker Player

Postby acehigh » Wed May 27, 2009 1:58 pm

once i turn pro i can date the poker chicks!
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Re: Becoming a Professional Poker Player

Postby justsendmi » Wed May 27, 2009 6:15 pm

Hey, another question just came to mind about turning pro or just playing poker full time, are the profits taxable????
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Re: Becoming a Professional Poker Player

Postby acehigh » Wed May 27, 2009 9:00 pm

if win $$ in a jackpot in a casino in USA its taxable.
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Re: Becoming a Professional Poker Player

Postby Brasstal » Wed May 27, 2009 9:14 pm

Hi guys finally back in Singapore and managed to read and catch up on the posts...

I think a better definition of Professional and Full time is not whether you are sponsored or not.

Professional Poker Player - Playerwho plays for a living, and MAKES MONEY
Full time player - Player who plays for a living and thinks he is Professional but might be a breakeven or losing player

Sponsored Professionals are Players who play for a living but is also sponsored to certain events

I always get this question but I think it is tough to make money as a professional. There are different areas... some of the people I know turn professional and concentrate on tournaments, some on cash games.

Even my Dad wants to turn professional!

But my advice to all players out there is that, it is tough to turn "Pro". Check out this link on my views on some points to cover before turning "Pro". viewtopic.php?f=95&t=2042

I look forward to hearing from you.
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Re: Becoming a Professional Poker Player

Postby acehigh » Fri May 29, 2009 9:46 am

justsendmi wrote:Hey, another question just came to mind about turning pro or just playing poker full time, are the profits taxable????


keke to find out someone has to call irs to check
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Re: Becoming a Professional Poker Player

Postby felixleong » Sun May 31, 2009 12:03 am

why nowadays hor so many ppl wanna go pro in poker?
in the forbes 500 list of richests people in the world there are zero poker pros
I believe that if you are smart enough to make a living or constant profit from poker, you should be able to make more $$ from business or investing ^_^

But if you truly are a winning player with a ever burning passion for poker, then go for it ^_^
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Re: Becoming a Professional Poker Player

Postby Brasstal » Sun May 31, 2009 1:24 pm

Yeah i all honesty I think people who have the ability to Turn Pro and be successful are people who can find the same fortitude in them to actually succeed in bigger and greater things. Perhaps for now its a passion or love for the game and the sense of freedom it brings with it. :)
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