This is my first blog entry. I decided to write about my poker experience and share my story because I think that many people out there are wondering if they should play poker profesisonally. What I have to say here might guide them in the right direction. I am not young by poker standards, I am 33 years old and have been playing poker for about nine years. When I first started to play the game, I was a successful attorney with a private practice in New York bringing in about 70-90k in monthly income on a consistent basis. Bankroll was not an issue to me and one day I decided to go to Las Vegas on a trip with the family. One of the things that I really wanted to do there was to play at the Bellagio Poker Room, about which I had heard so much.
I bought into the 2-5 NLH game with 200 dollars which is the min/max buy in for that game at that time. It was 2004. It took no more than two hours for me to increase the size of my stack to over $600. I called very little, but my approach wasn't so much to look at my cards, but to play my position, do a lot of reraising preflop and making one or sometimes two continuation bets on the flop and turn. It was a tactic designed to bully the table and it worked to perfection since most of the players were content to sit back and try to hit a set on me which never came. Then, as luck would have it, I started to actually pick up hands and more importantly I started to nail some flops. Another 3 to 4 hours later I reached over $1100 in chips. I am an aggressive player, that is something that is etched into my DNA. I was not afraid to lose 1 or 2K in such a game with all the money that I was making. But I was a competitive person and despite all my agression, I was never going to shove all my chips in without the best of it. This is what many of the solid pros at that table just couold not understand. They were looking for an eruption that never took place. With a little over $1300 in chips and after about 8 to 9 hours of play, I got involed in a pot with one of the solid players at the table who was even more deep stacked than I was. He raised the pot to $30 out of the big blind after two people, including myself had limped into the pot. I limped into this pot with a pair of queens and called his raise to see what kind of flop we woud see. Its heads up and the flop is A-Q-Q. Yatzee! Now I was hoping to God that he had pocket aces, and from the way he played only premium hands at the table it was likely that he actually had them. We both checked and the turn was a meaningless 7. I bet out $65 dollars on the turn and he promptly calls. This proved to me that he was trapping me with a big hand like aces and did not want me to go away. On the river I am reticent to check in the event that he checks back. Maybe he has pocket kings or something and is afraid of the Ace or thinks I have one of the queens. I bet out $150 which is not too small of a bet to make him think that I have a monster but maybe enough to get paid off handsomely. He raises to $300. Im in business and my next move is to reraise him all in, he calls and I show him the QQ. He squeamishly shows the aces and doubles me up. That night, I took out over $3900 from the 2-5 nlh game and took my entire stack over to the 10/20 NLH table, where I increased the size of my stack to well over $8000!!!!! This does not happen everyday, but in poker anything is posible and that night was my first experience playing live poker in a commercial casino setting. I was hooked for life and all I wanted to do after that was to play poker.
Over time, I played poker at the 10/20 to 25/50 NLH level for several years while I was still practicing law. Mostly, I would play in private games or drive to Foxwoods to play in the games there. Sometimes I varied my play and played in Borgata. The swings in those games were out of control and if it werent for the fact that I had a business, I dont know how I would have survived them. During the next 3 and a half years I tallied up the results of my play and I actually lost about $18k in total during that time period and that does not include the expenses of travel and food that probably added another 15k to that total. Was it worth it? It did not really matter, that money was not significant in my life and the fact that I did not lose more money at such high limits proved that I was quite an accomplished player but a player who did not yet respect the game enough to tighten up his game, play less aggressively and try to eke out a profit margin from those games. I was always trying to win 25 to 35k in most sessions not realizing that it was costing me way too many hands and even when I did have a big win, it was covering previous losses.
In 2007, my whole life changed. I was prosecuted for racketeering, enterprise corruption, money laundering, fraud, larceny, everything but the kitchen sink was thrown at me for the way I was running my law practice. It was a mess and I quickly lost my business and license to practice my profession and the threat of prison time was looming over my head. I was a husband and father of two children and the world came crashing down on me. My home went into foreclosure, I had to look for a rental home, my cars were repossessed and I had to find a cheaper used vehicle for purchase. My daughter could no longer go to her favorite school because I simply had no tuition money for her. Meanwhile, my son was struggling with developmental problems and learning disability. My life was in ruins over the fact that I had devised an incredible system for making money as a lawyer. I should have known that the insurance companies would not have rested too long while they saw their money flying out the door. With no job and no business, my wife suggested that I do something with poker to make ends meet on a temporary basis.
She handed me $1500 in cash, almost the last of the money that we had at that time and told me to find a game and to start doing what I knew best other than the law. That was the birth of my professional poker career. I know that there are many people out there that just come upon poker as something they find out they are good at and eventually become pros. This was not my case. That last money that my wife gave me was all that we had and I was about to risk it all in a card game. This was different than Bellagio, there was no more security from a thriving business. I drove to Foxwoods casino intent on doing the best that I could to at least double my bankroll during the next three to four days, but most of all, I was determined not to lose what I already had in my pocket. I had not played there for some months since I was battling my court case and many of the higher limit payers immediately saw me and greeted me thinking that I was about to take a seat at their game. They were shocked to see me take a seat at 1/2 NL, and I was not about to tell them what happened to me. What a way to start a poker game, hiding underneath your hooded sweatshirt all embarrassed. This was the best thing that could happen to me from a poker point of view. Playing at the high limits did help me with one important aspect of the game. I was absolutely ridiculous at reading hands. It got to the point where I stopped caring for positional play, sizing my bets correctly, or thinking about the type of starting hands that I would play. I was that good at reading opponents. This one talent, however, came at the price of weakening the rest of my game. Now at 1/2 NL, where many of the players are much weaker, it is a lot harder to put a player on a hand. This game, much like 2/5 NL requires that you respect position and the type of starting hands you play and just how much to bet on each card. I played a very different game when I sat down, much tighter, much more honed, but with my strong reading abilities, I was actually able to pick off a few bluffs and quikcly I was able to make around $700 for that session. I never looked back and for 8 months I played in the Foxwoods poker room at the 1/2 NL level from thursdays to sunday mornings and during that time, I made over $58000, and that money allowed my family to survive and actually live a normal life. I made more money at 1/2 NL by managing my bankroll and by respecting the game than I did for three years playing much higher limits.
Before long, my pending court case was coming to an end. Already i lost my license to practice law, but now, I had to do six months in jail in of all places, Rikers Island. I had to find a way to give my family the means to get by while I was incarcerated and it was at that point that I decided to take approximately 3k to Borgata to play 2/5 no limit for about six weeks right up to the day of my sentencing. At 2/5 NL the game changes rather considerably and one of the adjustments I had to make was to call less hands out of position. Also, controlling the size of the pot was a skill that was put to work much more in this game, expecially when I had hands like AK and a pair of tens. At 1/2 I was more in a gambling mood with these hands, but at 2/5 nl you could lose a $750 pot by overplaying this hand when all you should lose, if you do have to lose, is about $75-100 with such hands. I always think about how much money a hand could potentially make or lose. Right before my sentencing, I was able to give my wife $18900 which she was use to feed the kids and herself for the next 180 days. The money was not enough to house them and they had to move in with my wifes mother overseas, at least until I left jail.
I was just released last month and once again I find myself broke and without the possibility of any solid employment. My wife had gotten accepted to Law school in Michigan and was in desperate need for me to find a means to support her. Her mother had very limited means and had helped with tuition and other expenses, but she could not carry the burden. Once again, I have tuned to poker and I have no doubt that destiny is at play here. This is my life and until now, I always looked at the game as a stop gap. Well, I certainly will be getting a job, as the conditions of my release require that. But I know that without poker I will not be able to make it. To me, I see poker as a major income supplement or as the primary source of my income in the event that I do not get a decent paying job. I need poker but this time I welcome the news. I have grown to love the game more than I ever thought I would. If you want to play this game professionally, it cannot feel like a grind, even though you will be folding lots and lots of hands for hours on end at times. Addtionally, I have decided that with my limited means, I cannot play live poker, but I am excited to finally take advantage of the gold rush (at least for some) that is the world of online poker. I started with a bankroll of $200 and went to a smaller but reputable poker room that has a great deposit bonus. It has been eight days. My bankroll is currently at $1670. I am playing small ball and enjoying every moment of it and building a bankroll in the process with minimal investment. In the business world, a small investment that can yield significant returns in the long run is a recipe for success. If you are playing on line, you can even take $50 and with discipline, you can take that amount and convert it to $1500 after a month. Poker takes time and small ball is the key to winning poker, even at high stakes tables. In the coming days, I will share my online play and will talk about how other life experiences influence my poker attitude.