Student Pay’s Off $60,000 student Loan Playing Online Poker

I thought this might be an interesting article to list since I only started this new site less that 2 weeks ago. This site is all about debt and everything that goes along with it. I barely had this thing up and going and i was getting emails from people telling me their debt stories and I have no place to put them so I figured I would add them on here until i’m ready for them so here it is:

To: whom this may concern,

I noticed you started this new site and wanted to hear about debt and all the stories people have whether good or bad. Well I have an interesting story for you not one that a lot of people would agree with but one that I did and paid off in a big way. I graduated from Ohio state in 2005 and had no idea what i wanted to do in life. I had around $60,000 in student loans and was being “killed” (sorry but I didn’t know what other word to put there) by the interest on the loans as you know many of us students are. I worked my butt off and tried to pay this down during school and didn’t have much luck with the cost of living.

So one day I was surfing around on the net and saw all these articles about online poker and I said what the heck let’s try it out, one site was offering 100% match on my deposit. Now i’m from a very religious home and gambling is not tolerated.

So here goes I deposited $800.00 it was the last of my student loan money and well I was up $500.00 in the first 10 minutes, I thought AWESOME here I go. I played for several hours and didn’t move very much that day. So the next day I woke up and played again I went UP $2500.00. I was darn near rolling over on the floor. So I figured I would go grab something to eat and came home and played again. Now i’m thinking I have issues with gambling. So I figured if I went up anymore I would quit. Well that never came I went down $600.00

On to the next day a Sunday (god’s day)hahah I thought OK i’m gonna win today. I wasn’t playing for 20 minutes and I was broke. I LOST it ALL I didn’t know what to do talk about depressed. So back to the drawing board. I started mowing lawns and was making OK money but the thrill of winning that money playing poker never left my head.

Now that everyone thinks I have a gambling problem I went on and played again FOR FREE this time and went into a FREEROLL tournament(is a tournament you can play and win small amounts of money or entries into bigger tournaments) so I play about 20 tournaments lost them all and started to give up. There was one more tournament at 9:30pm for a free entry into a big tournament. The problem was there were 2500 people playing for this. Well I played and 8 hrs later I won the tournament and I was in to the big tournament.

So the following Saturday is the big day. Well I was late by 30mins I was down big time but I was still in the tournament just sitting out every hand. 7 1/2 hours later I was the winner of $100,000.00 Yes I could not believe it and I still do not believe it but here I am today debt free of $60,000 and off to the wonderful game of life.

Till this day I have not played online poker or any type of gambling. I figured My wish was granted

CHEERS

GOOD LUCK WITH THE SITE LOOKS GOOD

Is Poker Gambling Or Investing? A Different Outlook on Poker

Well I have put a lot of thought into this question and have asked a lot of people what they thought. I was very surprised that many people seen it as straight up gambling that poker was the same as blackjack or even worse slot machines. When I said I see it as an investment and here is why a very large percentage of people said I was totally crazy. Poker was gambling and the casinos made big money off the game. WOW there it is people for the most part see POKER as a GAME. How you see poker for a big part determines how you play. Do you see poker as an investment or a risk of your cash?

Let’s take a minute and look at the two words RISK and INVESTMENT. For most people RISK means foolishly parting with your money HOPING that you will get a big return on it but not expecting anything back. Your friend comes and says hey I got an idea for a new type of fuel for heating houses I need you to “invest” 10,000 dollars. You on the other hand see it as a huge “RISK” because you don’t fully understand it all and feel you will never get your money back. On the other hand when you invest you feel secure in knowing you will get all your money back plus a profit over the long run. You think of the stock market as investing especially if it were a company like “Google” or Microsoft. But if you follow stocks both were bad investments not long ago because of the economy and everything going on in it. If you did buy Google or Microsoft over the long run you will be OK. But you still were “risking” money weren’t you?

Now go back and interchange the words risk and investing it can be done, BUT it changes the feeling of the sentence… risk is negative and investing is a positive. Now how do I apply this to poker you may ask? First POKER is not a game to me. Poker is a SPORT. By viewing it as a sport I have taking it from a game of chance in my mind where I need luck to win all the time to a positive view where over time with practice I can win much more often then I lose. I may not win every hand or every time I sit down but with practice I will win much more then I lose and I will be investing (see how you can interchange use risk now) my money in something I know will have a nice profit margin at over the long run. Look at a young “PRO” sport team, they have a lot of new players they are redesigning their whole team, young fresh faces, but very talented.

They practice more than any other team, they show they have a wide range of talent, they work together, and this year they are 50/50 for a win lose ratio except for injuries. What do you think their record will be next year? They practice the same every thing is the same next year I am sure you didn’t say 75/25 losing more then they win. Poker with practice and studying of the mathematics you can improve your game to a point where you feel that you made an investment when you sit down and buy the chips where you may feel am willing to risk 200 bucks in a game of poker today… Stop before you buy chips the next time and turn everything positive and see what happens with your playing style. Say I am going to invest this money in a poker match where I know over long term with practice I will get a nice return on my investment. See if it helps keep you more inline when choosing what hands to play, how much to invest in a hand and how you think about poker over all.

Poker Buzzwords For the Novice

It is not an uncommon occurrence for the new poker player to stride into a club, sit at a table and not understand a word being spoken. This is not a conspiracy against the new guy, these players are using terms and abbreviations that they have picked up from long experience in clubs and casinos. Poker is a game rife with special words and ideas. This article is particularly meant for the beginner who is playing online and cannot decipher the chat messages posted on the board in the poker rooms and forums.

We will begin with the most obvious, and that is with the ever-popular game of Texas hold’em. You have your choice of limit, pot limit and no limit games. Anywhere from two to ten players may engage in a Texas hold’em session. The cards are dealt by the “dealer” whose position at the table is designated by a unique “button” and the one doing the dealing may be referred to as “the button.” This person is not the same as a casino dealer who makes his living at it while being paid by the casino and cannot participate in the game.

In back of the dealer are two players who make bets blindly. Only the table limit keeps the lid on their bets. They cannot bet over the particular table’s limit. The first blind bet is for half of the table limit and is termed the small blind, the second player places a bet for the full table limit, the big blind. So, if the table limit $2/$4, the small blind will be for $2 and the big blind for $4. You often see abbreviations which designate the player’s position. SB stands for small blind and BB denotes the big blind. Of course this seems too easy and it is. SB can also mean small bet and BB big bet, having nothing to do with blind. Be aware of this and distinguish between them while engaged in play.

The first move is always made by the small blind player. Because of this, his position is counted as the first position. The button, or dealer, plays last and is counted as whatever that number is depending on the number of players at the table. The second move is by the big blind and the third player is still in an early position and “under the gun” or UTG. Following are the next two positions also considered “early” are known as UTG +1 and UTG + 2. Are you still with me?

So, moving right along, the next three players are part of the middle position or MP1, MP2, and MP3. And the “late” positions consist of the player right before the button and is referred to as the cutoff or CO. Bringing up the rear is the button player.

Those positions listed above exist for a Texas hold’em game of ten players. Less players than ten and an appropriate number of positions are eliminated.

The first step of the game is called the preflop, during which each player is dealt two pocket cards. Three “streets” follow the preflop: the flop, the turn (the fourth street), and the river (the fifth street). During these rounds community cards are laid out on the table (also “the board”), called after the relevant streets: first three flop cards, then one turn and one river card. Flop cards of different suits are called a rainbow.

This is a bare beginning in the argot of online poker, but it should whet your appetite to learn more terms and gain more understanding of the games in the online poker rooms. So, good luck and enjoy the game and the education you are giving yourself.