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Dyin' ain't much of a livin'

by Lee Watkinson |  Published: Oct 22, '09

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As it turns out I didn’t even waste my time driving to the Belagio.
Before the tournament started I thought I was about %25 to play, but as I thought on it more and even read Danny’s blog on WPT stats, I came to the conclusion, that there is no reason to waste my time driving down there.
After reading Danny’s blog I went and looked up my stats, I am about $30K per event, but that dosen’t mean it will be that way going forward, especially at these Belagio $15k events. Tournaments in general have been getting much tougher and the Belagio has always seemed to have the toughest feilds.
Also I haven’t sat at a poker table other than charity events since the WSOP, so I don’t figure to be on top of my game.
Anyway I think my EV, for this event, at this time, is more like +%20 than +%200.
I also think the variance is huge and the extra perks from the exposure from a win(for me) are negligible. So right there I should be having second thoughts.
Then when you factor in “oportunity cost”(one of the few terms I remember from college economics), its a no brainer.
I have gotten hooked on the $160 SuperTurbo’s on Full Tilt lately, and have been doing well. I can comfortably play 80 a day, have an EV of over +%10, and I enjoy them. While i play these I can watch TV, talk on the phone, write blogs, ect., and relax. The fluctuation is relatively minor.
So as a poker “pro” the decision should be clearcut, you go for the highest earn vs risk and don’t look for the biggest buy-in, highest variance game. That is why many of the people regarded as “pro’s”, really aren’t. Just look at Danny’s list..all 176 are considered “pro’s” and what was it, about half lost money?

It reminds me of an exchange from a Clint Eastwood movie…
Bounty hunter: A man’s got to do something for a living these days.
Josey Wales: Dyin’ ain’t much of a livin’, boy.

Lee Watkinson has accumulated nearly $4 million in tournament winnings over his career. His accomplishments include a World Series bracelet in the 2006 $10,000 pot-limit Omaha event and an eighth-place finish in the 2007 WSOP main event. Lee is a Full Tilt Pro and uses his poker winnings to help a chimpanzee rescue charity. Learn more about Lee at his website, www.leewatkinson.com.

 
Any views or opinions expressed in this blog are solely those of the author and do not necessarily represent those of the ownership or management of CardPlayer.com.
 
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