Tuesday, 20 February 2007

shipitfish: (Default)

One year ago last week, I posted that I hope to be a [full-time] professional poker player ten years from now. I was beginning a ten year plan to become a pro. Theoretically, I have nine years left. But, while I didn't journal much about my thought processes this past year about becoming a full-time pro, I have been thinking a great deal about it.

I spent a good piece of my poker time last year preparing for what became the experiment I conducted for the last month and a half to consider what it's like being a full-time pro. I decided last week to end the experiment. External (i.e., financial) factors indicate that it went well, and it's actually pretty clear to me that if I wanted to, in ten years, I could be a full-time professional poker player. I noted earlier this month that if I were to do it now, I think I'd have to take a substantially reduced salary, but it's likely with constant work on my game over the next nine years, I could get to the point where I'd have a full-time job.

I'm usually the type of person that if I can do something that I had a mind to do at one point, I just do it. In other words, I don't reconsider a plan very often; I'm better at executing those I already have it. But, this is a good case for reconsidering.

I do know that I will probably keep full-time poker in my back pocket as a backup in case for any reason I can't continue the work that I currently do. However, I have now let go of the plans to make it full-time.

Over the next few weeks, I'll be making a series of posts detailing all the reasons that led me to this decision. [livejournal.com profile] roryk is well known for urging me and others to never ever consider becoming a pro; perhaps my posts will help those considering it. Surely, this series of posts will make Rory happy.

I still haven't decided yet what I'll do regarding continuing the part-time professional play that I've been engaged in for the last few years. I admit that I've gotten used to being able to pay some expenses with ease from my poker business. I'm fortunate that I don't have to decide that quickly. I've more than doubled my bankroll in the last month and a half, and I could easily spend the next eight months not playing at all, pulling some expenses from it, and still not have to drop down in stakes if I do start playing part-time again at any point.

What I do know is that I'm done with the plan to become a full-time pro, and that I may be winding down my work as part-time pro as well. I look forward to exploring my reasons here in the next few weeks.

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