[Tommy]

At the final table of this year's World Series of Poker, the media
consensus was that there was only one pro at the table: Mike Matusow.
We've since learned that this year's champ, Joseph Hachem, gave up a
13-year chiropractic career three years ago to play poker for a
living. The other seven players at the final table won over a million
dollars each. It's a safe bet that a few of them now consider
themselves poker professionals. What does that mean?

Three Myths About Playing Poker Professionally

Myth #1: Either I'm a Pro or I'm Not

Consider the following players. Which ones are pros and which are
amateurs?

Adam

Adam plays the tournament trail full-time. He's up thousands one
month, and broke the next. He's always borrowing money from fellow
poker players. He has no life outside the poker world and constantly
thinks, "I wish I had some skills and experience that would allow me
to get a normal job."

Betty

By day, Betty's an accountant making $50K a year. She plays poker in
her spare time. Some years she earns $20K playing poker, other years
she earns $100K. She rarely has a losing year.

Charlie

Charlie picked up the game a year ago, entered his first tournament -
the prestigious "WPT London" - and won it with flair and showmanship.
He netted $500K and got a ton of TV coverage. He blew through $350K in
the next 11 months playing every big event with no cash finishes. He's
still got a bankroll, thanks to some juicy endorsement contracts from
an online site and a beer company that guarantee him $1 Million a year
for the next three years. All he has to do is continue to play in
every major tournament and endorse their products.

Debbie

Debbie has a bankroll of $500K, She makes (or loses) anywhere from -
$50K to +$200K per year playing a very erratic schedule. That schedule
is structured around the good games, whether they're offline, online
or on the tourney trail. She travels to far-off lands whenever she
feels like it, and has plans to settle down and start a family.
Someday. But not now.

Eddie

Eddie only plays online, He clocks in, plays exactly eight hours a
day, five days a week, at four simultaneous tables no higher than $5-
$10 limit hold 'em. He earns a surprisingly consistent $100/hr, takes
the family on vacation twice a year, plays tennis, and attends opera
on the weekends.

Myth #2: I Would be so Much Happier if I Could Just Play Poker Full
Time

TRUE: It's fun playing an hour or two each day.

BUT: It might not be so fun playing all the time to the exclusion of
other interests, family and friends.

TRUE: It's low-stress and entertaining, playing as a hobby.

BUT: It might be very stressful if you have to grind it out to pay the
bills every month.

TRUE: Those big tourney winners on TV live like rock stars.

BUT: What about the other 99% of the players you don't see, all of
whom are competing for your dream.

Myth #3: I Don't Need a Big Bankroll to be a Pro

Check the long list of Former World Champions who have gone a full
year without making the final table of a major event. As of this
writing, it takes roughly $500K to enter all the major tournaments in
a year.

Ask your favorite pro how many times he or she has gone bust in their
career, or how many times they have been hit up for a sizable cash
loan from one of their good friends.

Poker is a great game; it's tons of fun, and it has never been as
potentially profitable as it is today. But try to keep it in
perspective.

Poker doesn't have to consume your life. You can make a good chunk of
change playing poker, and you can do it without giving up all the good
things you have going in your life.

Financially, mentally and socially, you are better off making poker
fit into your life rather than the other way around.

Getting back to the players in the introduction, it's clear that Eddie
is a pro. And it's equally clear (to me anyway) that Adam is
definitely not, even though he thinks he is, and so does the general
public. Adam is a dime a dozen in the poker world. You've even seen
him and his ilk on TV a number of times. As for the other three, I
don't know whether I'd call them pros or not, but I sure wouldn't mind
being in their shoes.

"Professional" is just a word. Being a professional poker player is
not the same thing as being a successful poker player.

Bottom line: You don't need to be a professional to be a poker champion

--Rafe Furst