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Thursday
May012008

Why Do We Play Poker?

A poker article I ran across recently in a respected magazine began with this ‘buzz line:’

“The object of poker is to win the most money. That’s it - that is your goal. That’s why you’re playing poker.”

Now, of course, this sentiment wasn’t just discovered by this particular writer. If you flip through poker books, poker columns, videos, instructional tapes, blogs, you name it, you will see it repeated over and over again. It has become a mantra, almost like a religious chant, assumed to be true and never challenged. Well, heretic that I am, I’d like to challenge it here because, frankly, it just isn’t true. The vast majority do not play poker to win the most money. In fact, the vast majority do not play poker to win money at all, let alone “the most.” Oh, don’t get me wrong, we all like to win, hope we will win and surely anticipate doing such each time we buy chips but, you know, I don’t really think that winning money is why so many millions play.

So, if it’s not the money, what is it? I’ve been giving this a bit of thought lately and I’ve come up with five types of people who play poker with reasonable frequency, and each has a different reason. You may not like this grouping. That’s okay. It isn’t meant to be definitive; it is meant to point out that there are different kinds of poker players out there, they have different psychological make-ups and they’re playing for a host of distinct reasons.

The pure fun player: These folks play poker because they like to play poker. They usually play for relatively small stakes, usually limit but a few will venture into no-limit games. This category, I suspect (without having any hard data to back me up) represents the majority of poker players. I’d guess that somewhere around 65% or 75% of all players fall into this category; heck, it may be even higher. Not for a second do I think that these folks are there to win money. They are there to have a good time, like those on the casino floor playing blackjack, baccarat or, more often, the slots. They win sometimes but mostly they lose. Even those that are a tad better than the others lose because, in the long run, the rake and the tips chew them up. But that’s okay. They view the experience like going out to a night club or for dinner. They expect to come home poorer in the pocket but richer in other, meaningful ways.

The fun plus a bit of ego player: These players share a lot with the first group but they have an added element. For them the game has a competitive edge to it. They appreciate that skill and hard work play a role and they understand, sometimes deeply, that they are only going to win if they study and pay attention. I don’t think these folks are really “playing for money” either. Again, winning is important but the money is just a marker of success. When they win they feel good about themselves because they have managed to come out ahead of a game they know is tough to beat. They can be found playing at all levels from small-stakes to nosebleed levels. They are also very much into having a good time and losses are not a problem if the experience was satisfying. The majority of these players are almost certainly long-term losers and. I would estimate that something like 15% or 20% of the players fall into this group.

The fun plus a little spending money player: This type is more serious about the financial element of the game. They have a clear goal, to be winning players but not by much. They recognize that to begin to think seriously about the money element would mean stepping up their game in myriad ways: seeking out weak games, playing in a variety of rooms on different nights and at different times, studying a wide range of material, working constantly on strategic elements, trying to stay abreast of the newest angles, keeping careful records, joining discussion groups. This is demanding stuff. For the most part, they have other jobs, families, hobbies and just don’t really have the time, nor want to put in the effort. Their goal is to beat the game, make a little extra cash but still have fun. These are the ones who think that poker is the neatest possible pastime ‘cause it’s the only one that doesn’t drill a hole in their pockets. My guess is that from 4% to 6% are in this group.

The semi-pro player: Now we’re getting serious. These players are ones with a core income from some vocation but need additional funds to make ends meet. They are playing poker for the money. They study the game, learn every new trick and strategic play they can. They may tell jokes and laugh at the table but they are always focusing on the game in front of them. They are aware of the impact of rakes and tokes. They often tip less than average, avoid games with bad-beat jackpots, play in rooms and at sites with smaller rakes and are careful about game selection. I estimate that no more than 3% or 4% or so of those who routinely play poker fall into this category.

The pro player: Here, the buzz line that we opened up with is utterly and overwhelmingly true. This, rather small fraternity (I’d put it at no more than 1% or 2% of all players) is comprised of those who make their entire living from poker. That is what they do. No wins, no rent, no groceries. Money is everything. I’m friends with a number of people in this group and, you know what, they don’t have as much fun at the game as many in the preceding categories. Like they say, “it’s a tough way to make an easy living.”

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