How different is gambling money from money you spend in your real life? You won’t see me at a craps table, or a baccarat table, or at the roulette table.
Before I became a poker player, I was thinking about being a college professor. As long as you’re playing with something of meaning, poker will be a good game. I was living on a National Science Foundation scholarship, which is $13,000 a year. Duke: Money that I’m gambling is relatively high risk. While I have confidence that I could probably come up with a good strategy, I don’t want to take the time to do it.
But I’ve never been somebody whose goal was to make a lot of money. And it happens that the scorecard for poker is money. Honestly, if it were matchsticks, I’d still be playing just as hard. Duke: They literally have nothing to do with each other. I’m a good money manager because I didn’t start playing poker until I was in my late 20s.
That’s why a lot of poker players will end up going broke for reasons outside of poker. In other words, behave opposite to the way that they perceive you. You have to bet in a ways that will make a bet be relatively attractive to your opponent, but yet, a very bad mathematical decision.
People who have incredible longevity in poker tend to be people who have very good balance on risk. Good bet management really forces your opponent to mistakes.
Duke: It’s important for me that I’m playing well, and winning falls out of that. But it’s not like when I lose at the table I freak out.