Join poker pro Andrew Neeme as he provides a comprehensive breakdown of potential earnings at various stake levels in live No Limit Hold'em games, sharing insights on realistic win rates, the effort required to achieve them, and the lifestyle implications of playing poker professionally.
Andrew Neeme: Andrew Neeme is a professional poker player and vlogger who resides in Las Vegas, Nevada. He has gained popularity within the poker community through his YouTube channel, where he discusses various aspects of poker strategy, game analysis, and the lifestyle of a poker player. Andrew's expertise lies in live, low to mid-stakes No Limit Texas Hold'em games, and he has shared his experiences, insights, and win rates in those games, aiming to provide realistic expectations for others interested in taking poker seriously. He has set personal goals of achieving 10 big blinds per hour across different stake levels and has accomplished this in all but the 5-10 stake level according to his own accounts. Andrew emphasizes the importance of continuous learning and improvement, as well as the need to study away from the table, in order to become a successful poker player. While he provides a comprehensive breakdown of potential earnings at various stake levels, he also highlights the challenges and variances inherent in poker, advocating for a balanced approach to the game.
Win Rate Goals: Aim for a win rate of 10 big blinds per hour in low to mid stakes No Limit Hold'em poker games as a long-term goal.
Realistic Expectations: Understand that achieving high win rates such as 10 big blinds per hour requires extensive experience, practice, and study, and is not easily attainable.
Sample Size for Accurate Win Rates: Recognize that a large sample size of hours is necessary to determine an accurate win rate due to the variability in games and personal play improvement over time.
Factors Affecting Win Rates: Be aware that win rates are influenced by numerous changing factors including game conditions, personal skill development, and opponent behavior.
The Reality of Poker as a Profession: Acknowledge the challenges of playing poker professionally, such as variance, downswings, and the need for continuous improvement and study.
Financial Implications: Consider the financial aspects of poker, including hourly rates, lack of benefits, and the potential for financial instability during downswings.
Lifestyle Considerations: Assess how the demanding hours and the stress of poker align with your personal lifestyle and well-being before pursuing it as a career.
Setting Realistic Expectations: Emphasizes the importance of setting realistic expectations for win rates in live poker games, stating that reaching 10 big blinds per hour is a challenging goal.
Win Rate Realities: Illustrates the variance in win rates across different stakes from 1-2 to 5-10 No Limit Hold'em, and suggests that many players overestimate their actual win rate.
Sample Size and Variability: Discusses the difficulty in determining a true win rate due to the variability in game conditions, player improvement over time, and the need for large sample sizes.
Living as a Professional Poker Player: Explores the financial implications of making a living through poker, including the lack of job benefits, the necessity of putting in significant hours, and the impact of downswings.
Career Advancement in Poker: Addresses the progression and challenges of moving up in stakes and the associated changes in potential earnings.
Improvement and Study: Highlights the necessity of continuous learning and studying away from the table to improve win rates and become a successful poker player.
Professional Versus Recreational Play: Contrasts the stresses of playing poker professionally with the enjoyment of playing recreationally, and advises on the considerations one should make before pursuing poker as a career.
This article is a summary of the video Expected Income in Live Poker by Andrew Neeme published on December 11, 2016 at 05:25:58.
Q: How can I apply and adapt to evolving poker strategies effectively? A: Continuously study the game, review your hand histories, and stay abreast of the latest trends and strategies in poker forums and training sites.
Q: What can I do to maintain emotional control under pressure during poker games? A: Develop a strong mental game by practicing mindfulness, setting realistic goals, and maintaining a healthy lifestyle to improve decision-making under pressure.
Q: How do I balance my poker career with my personal life and responsibilities? A: Create a schedule that allows for dedicated poker playing and study time while ensuring you allocate time for personal activities and responsibilities.
Q: How can I set realistic expectations about win rates in poker? A: Understand that achieving a profitable win rate takes time and study, and keep track of your own results to set realistic goals based on your progress.
Q: What strategies can help me cope with the variance in poker? A: Maintain a healthy bankroll to absorb downswings, review downswing periods to identify if mistakes were made, and stay mentally resilient.
Q: How can I manage my time more effectively as a poker player? A: Prioritize your activities, set specific times for playing, studying, and personal life, and use tools like calendars and time management apps to stay organized.
Q: What is the best way to manage my poker bankroll? A: Follow strict bankroll management rules, play within your limits, and set aside a portion of your winnings to build a safety net for downswings.
Q: How can I choose the most profitable games and stakes in poker? A: Evaluate the games available based on your skill level, the average skill of your opponents, and the rake, then select the ones that offer the best opportunity for profit.
Q: What should I do to continuously improve my poker skills? A: Regularly review your hands, discuss strategies with other players, seek feedback, and be willing to adapt and learn from your experiences.
Q: Is a career in poker sustainable compared to traditional careers? A: Consider the stress, uncertainty, and lack of benefits in poker and weigh them against the potential income and freedom it offers. It's a personal decision based on individual circumstances.