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Economy

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Demeter

(85,373 posts)
Fri Jul 26, 2013, 06:32 PM Jul 2013

Weekend Economists Take a Chance and Call a Bluff July 26-28, 2013 [View all]

As promised, we are exploring games of chance this Weekend: Poker, Bingo, Roulette, Financial Markets...Elections, etc.



Dogs Playing Poker
From Wikipedia, the free encyclopedia


Dogs Playing Poker refers collectively to a series of sixteen oil paintings by C. M. Coolidge, commissioned in 1903 by Brown & Bigelow to advertise cigars. All the paintings in the series feature anthropomorphized dogs, but the nine in which dogs are seated around a card table have become derisively well known in the United States as examples of mainly working-class taste in home decoration. Critic Annette Ferrara describes Dogs Playing Poker as "indelibly burned into ... the American collective-schlock subconscious ... through incessant reproduction on all manner of pop ephemera."


Yes, Wikipedia has a listing for it....there's more detail there, too!

And then, there are the humans....

Playing Poker for a Living By: PokerListings.com http://www.pokerlistings.com/playing-poker-for-a-living-6732

Most people have no idea what it takes to play poker for a living.

Before deciding to choose this path, let me warn you of the disadvantages first. Poker has many benefits, but it also has many negative consequences that come with playing long hours. This guide will allow you to make the right decision by learning from someone who actually plays for a living.

Poker for a Living


The first thing you need to play any game for a living is patience. Playing every day, all day, can get extremely tiring. Staring at a computer screen for hours on end can literally drive you insane. In addition, your fortunes online are prone to wild swings. You will occasionally sit down at a table and not get any cards for hours. Be prepared to take the worst beats of your life along with huge runs that will make your bankroll soar.

Playing for a living requires extreme mental discipline and a steady game plan. It's a good idea to record how many hours you play each day and what your total profit for the day is. Do this for a month or two before you make the switch to becoming a full-time player. This will allow you to analyze your play and find out how much you make on average.

Drawbacks of Playing Poker for a Living

1. No set income: Some months you'll actually experience a loss in total earnings. You must be able to cope with this and still have the confidence you need to win. You'll encounter some horrible runs along the way so be prepared.

2. Exhaustion: You'll constantly be tired if you're playing all day. If you're playing really high limits, you may not have to play all day to make a living. The fact is that most of us will need to grind it out all day to pay rent and bills and buy food.

3. Reduced family time: Since you must make your money playing poker, you'll tend to spend less time with your family. When a good poker player encounters a bad run, he or she will grind it out until they prevail. This may call for some extremely long hours of play. Be prepared to play poker at any time. On losing months you'll need to spend even more time on the computer or at the casino.

Advantages of Playing Poker for a Living

There are many advantages that help balance out playing poker for a living. I love that you get to choose your own hours to work on any day you wish. You can take off as many days as you want and never be hassled to wake up at 8 a.m. - or, god forbid, earlier. You'll also be playing one of the most intriguing games in the world for money. Who could ask for more? It's a great lifestyle if you're a winning player.

The fact is, most people can't handle the swings that are unavoidable in full-time play. Every time you sit at the table you must change your personality and play with ice water in your veins. When you take a bad beat, you can't let it affect you. You must deal with the swings on a regular basis. You must also be a dedicated soul who will play even when the cards aren't going your way. You must be a very disciplined and winning poker player to play for a living.

I hope this article hasn't discouraged you if you have dreams of playing professionally. If you believe you can do it, you'll buy every book and read everything you can get your hands on to become a winning player.

See you at the tables.


72 replies = new reply since forum marked as read
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We haven't had a bank failure since June 7th Demeter Jul 2013 #1
Horseracing too ... bread_and_roses Jul 2013 #2
As Detroit Drowns, GOP says: 'Bailouts For Banks, Not People' bread_and_roses Jul 2013 #3
No More Second Chances for Larry Summers (betting that the House wins ...) bread_and_roses Jul 2013 #4
Monopoly Game Removed 'Go to Jail' Option (A Sure Thing) bread_and_roses Jul 2013 #5
Excellent posts, B&R! Well in keeping with the theme! Demeter Jul 2013 #6
Welcome to the ‘Sharing Economy’ By THOMAS L. FRIEDMAN Demeter Jul 2013 #7
I actually met a professional poker player as a guest speaker at a convention Demeter Jul 2013 #8
Shocking 'Extermination' Fantasies By the People Running America's Empire on Full Display at Aspen S Demeter Jul 2013 #9
It's Time for Americans to Admit That We've Had a Coup d’etat By Paul Craig Roberts Demeter Jul 2013 #10
It's Our Economy Newsletter - Time to Decide: Plutocracy or Democracy‏ Demeter Jul 2013 #12
What can one say? That's it's surreal? Except it isn't ... bread_and_roses Jul 2013 #25
More Conspiracy Material Demeter Jul 2013 #11
Payroll Employment for Age Group 18 to 29 Shows Fewer Full-Time Employment "Regardless of Education" jtuck004 Jul 2013 #13
There Are Good Alternatives to US Capitalism, But No Way to Get There Fuddnik Jul 2013 #14
JPMorgan Chase stops selling physical commodities amid federal pressure xchrom Jul 2013 #15
Betting on Hunger: Is Financial Speculation to Blame for High Food Prices? bread_and_roses Jul 2013 #26
+1 xchrom Jul 2013 #27
As Au and Ag rise and settle westerebus Jul 2013 #40
More than 1.5 million workers living in U.S. make less than minimum wage xchrom Jul 2013 #16
Women Have Evolved To Date Funny Men, Study Suggests xchrom Jul 2013 #17
Maybe women just evolved a sense of humor to help them put up with men . . . snot Jul 2013 #31
! xchrom Jul 2013 #33
Don't know as I've evolved enough Demeter Jul 2013 #59
I'm the last in my line . . . . snot Jul 2013 #72
REPORT: GERMANY RULES OUT 2ND DEBT CUT FOR GREECE xchrom Jul 2013 #18
JPMORGAN MULLS SALE OF COMMODITIES UNIT xchrom Jul 2013 #19
WHAT SHOULD DETROIT DO WITH ITS ART?: THE SEQUEL xchrom Jul 2013 #20
+1! snot Jul 2013 #32
One wonders what will happen to art collections everywere DemReadingDU Jul 2013 #35
US economy improving slowly, IMF says xchrom Jul 2013 #21
Embattled hedge fund SAC Capital enters not guilty plea xchrom Jul 2013 #22
Italy police swoop on Mafia near Rome and in Calabria xchrom Jul 2013 #23
The staff of the Vatican Bank. n/t westerebus Jul 2013 #39
Obama Said Not Ready to Decide on Fed Chief for Weeks xchrom Jul 2013 #24
I call BS Demeter Jul 2013 #36
Rich People Are Not the Same as You and Me. They Cheat More. DemReadingDU Jul 2013 #28
It's the Psychopathy Demeter Jul 2013 #37
15 Gorgeous Photos Of The Old Cincinnati Library{large images warning} xchrom Jul 2013 #29
Bulgaria's 'class war' xchrom Jul 2013 #30
Strongest bull market in 65 years vs Biggest clients unloading stock DemReadingDU Jul 2013 #34
October is the scariest month Demeter Jul 2013 #38
Well, my friends, I must get some sleep before I fall facedown on the keyboard Demeter Jul 2013 #41
Good idea. A nap! Fuddnik Jul 2013 #42
Musical Interlude hamerfan Jul 2013 #43
That's the one! Thanks, hamerfan! Demeter Jul 2013 #44
Nah, wait till August! DemReadingDU Jul 2013 #53
New Website to Peruse: Popular Resistance! Demeter Jul 2013 #45
How Big Finance Crushes Innovation and Holds Back Our Economy Demeter Jul 2013 #46
Cheap Labor is Nobody’s Right By Froma Harrop Demeter Jul 2013 #47
Why Do Conservatives and Libertarians Support Obama in Subsidizing Big Banks? By William K. Black Demeter Jul 2013 #48
Our Coming Food Crisis By GARY PAUL NABHAN Demeter Jul 2013 #49
Want to Steal My Mobile Phone? I Didn't Think So Demeter Jul 2013 #50
What's Up with Inflation? Demeter Jul 2013 #51
About that Professional Poker Player I Met Demeter Jul 2013 #52
About the gambling addict I met. . . . . Tansy_Gold Jul 2013 #70
Cyprus, lenders set Bank of Cyprus bail-in at 47.5 percent, sources say xchrom Jul 2013 #54
Worthless equity Demeter Jul 2013 #58
Germany's Schaeuble set to stay centre stage in euro crisis xchrom Jul 2013 #55
Ultra-low yields suggest London property crash around the corner xchrom Jul 2013 #56
Worse than gambling - "The ...Tragic Reign of [the addiction of] Consumerism ..." bread_and_roses Jul 2013 #57
Since current wages and jobs no longer support any kind of consumerist culture Demeter Jul 2013 #60
Agree - but our Politicians are still stuck there bread_and_roses Jul 2013 #65
Is it just me, or is the news and analysis way too scary, lately? Demeter Jul 2013 #61
Companies sitting on cash pile of over $1 trillion—By CNBC's Bob Pisani Demeter Jul 2013 #62
Liberty Slipping: 10 Things You Could Do in 1975 That You Can't Do Now By Robert Wenzel Demeter Jul 2013 #63
American Middle-class Prosperity is Pure Fantasy By Les Leopold Demeter Jul 2013 #64
Most of us are losing in the Job (security) Lottery - bread_and_roses Jul 2013 #66
Stock vs bond vs money market vs? chart DemReadingDU Jul 2013 #67
A real "War Horse" Heroine once ate $30 worth of poker chips bread_and_roses Jul 2013 #68
Musical Interlude II hamerfan Jul 2013 #69
Well, we saw the new Wolverine movie Demeter Jul 2013 #71
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