Cost of Learning Poker

How much do you think you have invested in learning your game?
How much did you lose before you got onto a winning track?
Include things like coaching, books, etc.

Comments

  • I lost just under $700.00 in 5 months playing .50/1.00 on Party.
    Then I found this forum, Skalansky, Lee Jones and Zithals home games. All things that improved my game and I long ago recovered
    my losses.

    Probably have ~ $200.00 in books...and yes, the first one I bought was Hellmuth's...1 donk buy out of 6.
  • I learned the game long ago with people who were bad players, hence I have very little invested!

    However, occassionally, I have been given very costly lessons!!

    Investments
    6 poker books and pokertracker! (~$200)
  • I have about $100 in books, then a "stolen" one of Wolffhonds. Cheaper that way! :D

    Pokertracker is next for me, since I'm STILL learning poker. I know I have a long way to go to "master" it.

    JohnnieH
  • I've got quite a bit of books/software (probably over $500), but I've paid for them all with poker winnings/bonuses. I started as a semi-profitable player and didn't hit my "learning losing streak" until after I had gotten a small bankroll and paid for my books, etc. Basically, my whole poker education is a free-roll! :)
  • Basically have $500 invested in software and books (PT SNGPT etc). I probably lost about $1500 in my first 18 months playing poker. I have recovered nicely from that. Now I have a bankroll of more than what I originally lost and have paid for lifestyle things (my computer, kids computer, xmas presents etc) out of my winnings. It still amazes me how many donkeys there are out there. I am learning one thing, the more I get sucked out by donkeys eventually the more I will win. After watching one hit gut shot after gut shot and runner runner flush etc I played him 2/4 limit heads up. Felt good to not only take back what I had lost previously to him but take him for twice what I lost before he bailed. I was on a mission that day and I don't think he knew what hit him.
  • I spent about $150 on poker chips and cards from ebay and Costco. Started my bankroll from freeroll winnings, built it up to $600, lost it all and put about $300 on my own money into it. All my other stuff $200 in books, $110 for Pokertracker, more cards etc I got for free from Pokersourceonline.com

    Cleared $3600+ just from bonus whoring. Check out bonuswhores.com
  • One of the things I did to invest in learning poker was I joined a weekly poker league. I figured I could go every week and try to learn and if I ever won a game or two that would be a bonus.
  • Milamber wrote:
    How much do you think you have invested in learning your game?

    I started about a year and a half ago, maybe close to two years now with $100 of my own money. My first deposit was with Absolute Poker and I must say for that first year I loved that site and their twice a week reloads!!!!
    Milamber wrote:
    How much did you lose before you got onto a winning track?
    Include things like coaching, books, etc.

    I lost about $40 of my $100 in about 5 minutes before I called Wolffhound over from across the street....after he came over with an arm full of beer, Hellmuth's poker book and a zen like peace about him (no seriously he did..yes Wolffhound was at peace!!!!) I quickly learned to play a tight ABC game...which I still think is a very good approach! I quickly made back what I was down and went on to finish up about $1500 for the year. I paid for a trip to Vegas with Wolffhound last year and started the new year with a few hundred left in my poker account. I've spent about $100 on books (Harrington 1&2) and after Wolffhound begged me to move off his street he gave me a copy of Lee Jones for a 'get off my court' moving present......it is the low-limit bible just as Harrington's series is the NL tournament bible, IMHO. I worked my roll back up to the $1000 mark when I purchased a folding table for $200 and then took my first big hit, lost $300 (mind you this was tilting on Black Jack, not Hold'em)...it was a valuable lesson...I've since worked it back up to about $1000 again...paying for a few small things here and there and putting a deposit on a cottage rental for summer holidays. Without friends like Wolffhound to help me through the (thankfully) few tough times I'd have to say my poker career would likely have been very short lived! Now, however, my entire bankroll is won money!
    I still have so much to learn but I must say it's nice to have a hobby that is this much fun and also generates enough extra cash to be able to get a bit more out of life, not to mention the fantastic poker community in the KW area and the new friends I have made!
  • I'm STILL Paying!!!!!!!! :rage:
  • Big E wrote:
    [I lost about $40 of my $100 in about 5 minutes before I called Wolffhound over from across the street....after he came over with an arm full of beer, Hellmuth's poker book and a zen like peace about him (no seriously he did..yes Wolffhound was at peace!!!!)

    What was the Hellmuth book for? Humour? T.P? levelling the table? mousepad? or beer coaster?
  • Pretty much even, and that's after 1 year. Playing smart rather than more, and that makes a difference.
  • well, I will have likely lost $10 or 15 K learning the game over the years.

    Once I figured it out, brought in maybe $25K in total - maybe a net of $10K through the years (or somewhere thereabouts - towards the end I got lazy with my bookkeeping).

    I have not spent money on books and other items.

    Once the online thing happened, I won about $3.5K in the first week and then proceeded to dump it back with little trouble. I would suppose that I am roughly where I started before this whole internet thing found me.
  • Another thing I think you should do (which is free) is to Track your Results. That link is to an article by Dave Scharf, but tracking your results can really give you an idea of what your true cost of learning is.
  • moose wrote:
    Big E wrote:
    [I lost about $40 of my $100 in about 5 minutes before I called Wolffhound over from across the street....after he came over with an arm full of beer, Hellmuth's poker book and a zen like peace about him (no seriously he did..yes Wolffhound was at peace!!!!)

    What was the Hellmuth book for?  Humour?  T.P?  levelling the table?  mousepad?  or beer coaster?


    LOL it is a bad book I admit but if nothing else it gave me a list of starting hands to stop the bleeding and get me tightening up...and honestly at the time it did help! I believe now Wolffhound uses the Hellmuth book as a coaster...not only does he multi-table..but he multi-beers and doesn't want all those rings left on the table!
  • spent $200 on books and software and only went as low as -300 online

    oddly i made money in home games from the beginning
  • moose wrote:
    Big E wrote:
    [I lost about $40 of my $100 in about 5 minutes before I called Wolffhound over from across the street....after he came over with an arm full of beer, Hellmuth's poker book and a zen like peace about him (no seriously he did..yes Wolffhound was at peace!!!!)

    What was the Hellmuth book for?  Humour?  T.P?  levelling the table?  mousepad?  or beer coaster?

    I actually own the Hellmuth book as well..... (we were all n00bs once I guess). And if he does one thing it's stress play tight. I actually like it for reviewing the play of certain games. He actually explains the structure of the games very well. But now I use it for spilling my tea all over....... it's actually an oversized coaster.....
  • Big E wrote:
    moose wrote:
    Big E wrote:
    [I lost about $40 of my $100 in about 5 minutes before I called Wolffhound over from across the street....after he came over with an arm full of beer, Hellmuth's poker book and a zen like peace about him (no seriously he did..yes Wolffhound was at peace!!!!)

    What was the Hellmuth book for?  Humour?  T.P?  levelling the table?  mousepad?  or beer coaster?


    LOL it is a bad book I admit but if nothing else it gave me a list of starting hands to stop the bleeding and get me tightening up

    I thought that was the purpose of the CPF - biggest loser competition. Funny how Wolffie started that too. Poker imitates life - life imitates poker....
  • About a year ago I sold 3 million play money chips on Pokerstars for $15 (back when I was still 18) I got that up to $500 the first month played above my BR and got it down to $120 in one day :) I didn't buy any books untill after I won my first tourney (500 people $10 freezeout) I spend ~$600 on books I went to the bookstore and bought almost everything avaliable, didn't learn too much but they introduced some unique concepts.

    My biggest learning curve came when I was playing 50NL and attemting to play LAG. I was doing something called NUTBAR, its where you raise every single hand and try to out play your opponents every time. I lost 17 buy ins that day, I was down ~40-50 buy ins for the week but the experience I gained was well worth it.

    Today I 8-table $600NL on stars and can easily rake in ~$1500 on a normal day.
  • What limits did you guys play to start your bankroll?

    I want to stop the bleeding...
    I'm still a newb. I've been to the casino twice and doubled up on the 1/2/NL. +300 at the casino.
    Online I think I'm -300.

    I haven't looked at the bonus whoring thing. Is it possible to hit the bonuses playing low limits?

    I just picked up the Small Stakes Hold'em book yesterday. I'll give that a read.
  • What limits did you guys play to start your bankroll?

    Deposited $100 in Stars. Played underrolled in the 25NL and probably ran that up to around 400-500 fairly quickly. Needless to say, I probably got a little cocky. Then probably dropped 200-300 back and started to learn about variance. The giant swings to my BR was annoying me, and I decided I was going to learn LHE to reduce the swings. Started .25-.50 I think but quickly jumped to .50-1. Lucked out and managed to money in the Stars Sunday $215 for a little over $1K (off a $3 rebuy sat). I decided now that since I had a suitable roll, I better learn how to manage it. Found this forum, picked up a few books, and picked up PokerTracker. Eventually started bonus whoring, multitabling, etc. to further the BR padding. I'm now to the point I'm fairly overrolled for the limits I'm playing, so am slowly kicking myself in the ass to move up the limit ladder.
    I just picked up the Small Stakes Hold'em book yesterday. I'll give that a read.

    An excellent book, just keep in mind it's geared to a loose LIMIT game.
    I want to stop the bleeding...
    I'm still a newb. I've been to the casino twice and doubled up on the 1/2/NL. +300 at the casino.
    Online I think I'm -300.

    Keep in mind 1-2NL online will NOT correspond to a 1-2NL game live. 1-2NL live probably plays more like .05.-.10NL online. The weakest/newest players will flock to the lowest available limits (which will be 1-2NL at the B&M).

    If I had to pick one single thing that I'd say helped my game the most, I'd have to say results tracking. Once you have an objective view of your wins/losses, you can't BS yourself into thinking you're a winner when the results show you're not. Tracking your results will also start to show you how long the "long run" really is, and the thrills/agony of variance. Once you begin to understand you won't ALWAYS win and accept it, I think you start to show signs of growing as a player...
  • I've done all my whoring at $0.50/1.00 limit and yes it's easy enough even to clear places like Party, Empire, Paradise, and PokerRoom at these levels. Stars I clear strictly with $5.50 SNG's, they are kind to me!
  • Milamber wrote:
    What limits did you guys play to start your bankroll?

    I want to stop the bleeding...
    I'm still a newb. I've been to the casino twice and doubled up on the 1/2/NL. +300 at the casino.
    Online I think I'm -300.

    I haven't looked at the bonus whoring thing. Is it possible to hit the bonuses playing low limits?

    I just picked up the Small Stakes Hold'em book yesterday. I'll give that a read.

    It is possible to bonus whore at low limits especially party I have found. Do the whole bonuswhoring 101 on the bonuswhores.com site.
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