Is it worth playing live poker tournaments?
The whole poker industry as we know is based on live poker tournaments, they are the biggest and the most popular, and now there are a lot of options for you to pick from depending on where you live. But is it really worth it? The answer is really up to you and up to what scale you are willing to play.
Professional poker players live “the dream” for many, but behind the luxuries and extensities of being a professional poker player, there is a world of stress and commitment with no comparison. Being a live poker player requires a lot more than just the will to do it. You need to invest a serious amount of hours and this is not an option for the average poker player. There are several factors you need to keep in mind:
Bankroll: The investment of being a poker player requires you to invest big portions of money. On online play is very simple as the investment can be a couple bucks, but if you want to play at a bigger scale we are talking a lot more than a couple hundred thousand dollars. This is the reason most poker players look for a sponsorship to cover their tournament entries.
Time: Another important factor when you play poker is time. Most poker tournaments and play involve hours of continuous play and traveling. If you are a family person this can seriously affect you, and even more if you have a normal job. It is not many people that can spare a week of their live to go and play poker. The journeys for a poker player are extensive, most of them live in hotels all round the world as there is a poker tournament every month. Today is Las Vegas, tomorrow is somewhere in Europe and the following week Latin America.
Winnings: As poker is a game of chance as it is of skill, there is always the uncertainty of not cashing in a tournament, only from 10% to 20% of players cash at a tournament. That means that out of 10 tournaments you play, you will cash out in 1 or 2 in average. And if you spend 20 hours in each, you will normally spend 200 hours of your time with a 20% chance of winning.
Prizes: The prizes that you can win at a tournament are big compared with most other sports. Millions are dealt in many tournaments such as the WSOP. But you need to consider the costs of you playing at these events: hotel accommodations, flight costs, taxes and many other costs that can affect significantly the amount you win.
Physical Integrity: Part of being a poker player is training your body and mind. It is not easy to play for 8 or 10 straight hours every day for 3 days in a row. The anxiety that comes with play also affects, so if you suffer of back aches or have vision problems this is something that you need to look into before enrolling into this world.
Bottom line, if you are willing to take all these points in consideration to do this at a mayor scale and you have what it takes go for it! But if not, then look to play short tournaments with a lower investment of your time and money. Your return can be higher if you win many small tournaments than just one big one.
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