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Board Gambling discussion
Merits 1 from 1 user
Re: [AMA] The Life of a Professional Gambler
by
tyKiwanuka
on 03/02/2020, 12:26:40 UTC
⭐ Merited by Betwrong (1)
But if you do have such experience, can you please confirm or deny my theory regarding the high stakes poker players' aggressiveness, which helps them to win in many cases.

I think it's not so much their skills as their wealth is what helps them to play aggressively, and win as a result. If you can easily afford to lose a $10k buy-in, it gives you an advantage over those for whom it's a big money. Imo, they wouldn't look so skillful under equal conditions.

What are your thoughts on this theory?

First, I don't have any experience in high stakes poker as well Wink

Just wealth will get you nowhere in poker though. There have been quite a few celebrities and/or rich businessman that played with the pros and I don't remember any of them being successful with it. A millionaire playing a 0.01 BTC tourney like you mentioned surely has some mental advantage since he isn't bothered about losing that money and is less pressured with it, but you can't beat skill in poker. In such a tournament, you might have lots of people that get intimidated by an aggressive playing style, but you will also have players, who are not and will beat you skill-wise.

The thing with not being bothered by losing (huge amounts) is, that it will also make you lazy and not being focused. You just want to have fun and don't work on improving your game. Being pressured and alert is necessary to keep your concentration up. So, if you don't bother, you are likely to make bad decisions.

If you are playing a $10k buy-in tourney and it's big money for you and you are scared of losing that money, you shouldn't play such a tourney in first place. This is just a matter of good bankroll management. I don't know the exact number, but there is this rule, that you should have like 100 buy-ins for your limit. So by playing a $10k tourney, you should have at least a $1.000.000 bankroll. If you only have $100 as a bankroll, then you should only play $1 tourneys.

The poker boom some decade ago has brought up a young generation of loose-aggressive players. They very much changed the whole game, which up until then was more of an old mens game, who were playing more tight-ish. These young people were pretty successful and gave the oldies a good run for their money, because they couldn't adapt. But there are also tight players, that are successful.

We can see lots of aggressive players being successful, but what we don't see, is all the aggressive players that fail - and that is the overwhelming majority. Even with an aggressive playing style and being "rich", you have to know what you are doing (often times it's already suffice, if you know, what you are better NOT doing). And not everyone likes to play aggressive, you should play the way it suits your style and not try to force something that just isn't there. You should always work on many aspect of your game - and that can be getting more aggressive - but a change to a playing style that is totally opposite to your temperament won't work as well imo.

In general, having a good financial background definitely helps you mentally, but it's only one of many ingredients of being successful in poker.