Monday 26 July 2010

Treat your poker like a business

Part of my goal for July was to read the book by Leatherass' Treat your poker like a business. It's not the biggest book by any means, but in the 200 pages it manages to pack in 41 chapters spanning topics such as dedicating yourself to one game, studying effectively & maximising the value from your time.

Many of the points made are really quite simple & there are tons of comparisons to the business and golfing worlds. It's many of the business references that make the most sense, explanations of how money is the inventory you use to make profits & how a large inventory enables you to take advantage of 'sales' opportunities.

For me, the most important underlying message is total dedication is needed to succeed. Dusty's story is quite remarkable, but ultimately deserves the success he's had. An emerging golf star, that was until he suffered a heart attack at the ripe age of 23. Personally, I'm not sure getting into poker after suffering from a heart attack is the best move given the number of close calls I've experienced getting it in on a coin flip, but it obviously worked out for Dusty! From the back of his attack, medical bills mounting, only $1k to his name & rent due imminently he deposited the $1k & racked up 400 hour months just to hit bonuses. It wasn't always a highly profitable business for Dusty, starting out he had all his money online, no money for food & when he did eat it was from the McDonald's Dollar menu. He soon made the same money as he did at his job & from there he didn't stop.

It's this dedication that so many people lack, that's the most important message I took from this book. Dusty isn't a poker genius, he's just put in his 10,000 hours & more. He's made sure when he should be playing, he plays as much as he can & to the best of his ability. This is a common theme amongst the top players, put in the hours work at your game & you can achieve great things.

Above all, this is a great book. You would do well to buy it & take note of the many tips it has to offer.

Jay

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