October 24, 2012

Life Update

Hey guys,

Been a while, I basically have about 45 minutes to kill before my next class and thought I'd update my next blog. I've updated you pretty much all along on how life has changed since Black Friday, so I figured I'd do it again, but this time with ROUNDERS QUOTES!

"You don't hear much about guys who take their shot and miss, but I'll tell you what happens to 'em. They end up humping crappy jobs on graveyard shifts."

That's basically me right now, without the taking my shot and missing. Right now I'm a full time student, getting my MBA and also working 40 hours a week. There are some students taking a full load or working full time but not generally both. This has lead to basically no free time outside of class. 

For me at least it seems as grad school is much tougher than undergrad. For a lot of my classes I'm spending anywhere from 6-12 hours a week outside of class working on the assignments for these courses. In undergrad I did very little work, much different. 

The working full time also sucks. For anyone that is still a pro but not putting in the hours, for the love of god please play more. You really don't realize how good you have it until you have to work 8+ hours a day and make a fraction of your former hourly.


Worm: You know what always cheers me up? 
Mike McDermott: No, what's that? 
Worm: Rolled up aces over kings. Check-raising stupid tourists and taking huge pots off of them. Playing all-night high-limit Hold'em at the Taj, "where the sand turns to gold." Stacks and towers of checks I can't even see over. 
Mike McDermott: Fuck it, let's go.

If any of my friends leads with this line (There are a few casinos about 90 minutes from my house) I'd immediately go. Even though I haven't played really since black Friday I do miss it. However, being a live pro isn't that appealing to me so I've decided to go with the schooling route.

With that being said, I miss poker a lot. It's a fun competitive game where money is the ultimate scorekeeper. I miss playing, coaching, discussing, everything. The worst part is I still don't completely understand why they took it away. I'm not trying to turn this into a political discussion so I'll be brief, the extreme right wing nuts are out of their mind, they hurt so many pros starting in 2006. (Please don't turn this into a political discussion in the comments section).

Mike McDermott: I've often seen these people, these squares at the table, short stack and long odds against them. All their outs gone. One last card in the deck that can help them. I used to wonder how they could let themselves get into such bad shape, and how the hell they thought they could turn it around.

This would be me if I came back to play right now. I'm completely broke, I work 40 hours a week to make about $1,000/month after taxes (family business) but have to work there since it allows me to do my schoolwork on the job. It's such a change having a ton of money, never budgeting, etc to having to count every cent, it's brutal.

I'm in debt and while my long term prospects look good, right now it's tough to see the light at the end of the tunnel. If poker as still around I could pay for it with that money. That's not even taking into consideration having to find a job post-college which right now I have no idea how I'm going to do it. However I do enjoy what I'm learning and having poker on my resume' will distinguish me from other candidates. Now it's just a matter of applying to the right company.

Jo: Mike, I learned it from you. You always told me this was the rule. Rule number one: Throw away your cards the moment you know they can't win. Fold the fucking hand.

This is basically what I did after realizing that I was never meant to be a personal financial planner. For those that don't keep up with the blog I tried to do this for a year (my undergrad degree) post black friday and it just wasn't fun. After doing it for about 8 months with a small firm I moved to a larger firm and quit my first day on the job. Better to fold then stick it out unhappy and make that decision a year(s) later.

Mike McDermott: In "Confessions of a Winning Poker Player," Jack King said, "Few players recall big pots they have won, strange as it seems, but every player can remember with remarkable accuracy the outstanding tough beats of his career."

This is my last quote and I'm actually going to wrap it up, but this is very true. I can remember the toughest beats of my life with very vivid accuracy and can't remember my biggest pots at all. 

So that's where I'm at. I'm 95% sure I made the right choice going back to school, but as poker players you all know how often that 5% seems like it comes in. Hopefully I can fade those 2 outs.

For those playing, keep crushing.

Finally, my down on the farm pilot is almost 3 years old…God I'm getting old.


Taki: What did you think he had? Does he look like a man beaten by jacks? 

Zizzo: Jacks are a monster compared to the crap you've played 

Taki: Fuuc you... fuck you... 

Zizzo: Fuck Me? Fuck You!











Posted By bosoxx34 at 09:31 PM



zachd2323 posted on October 24, 2012 at 23:04 PM


There's some good quotes in here! It sounds like you are really busy, but I have a couple questions for you: 1) What did you study in undergrad and what are you studying now? 2) Also, what are your thoughts on putting poker on your resume?

bosoxx34 posted on October 25, 2012 at 15:39 PM


I studies Personal Financial Planning in undergrad and I'm studying corporate finance right now. Personal Financial Planning is a bit misleading as it's not too financial, it's much more of a sales job. What I'm doing now will allow me to be a financial analyst, forecaster, etc.

I'm all for putting poker on your resume if you're applying to a field that it would be beneficial. I went back and forth for a long time on it but have talked to some people including a DC member that mentioned it would distinguish me from other candidates. Plus without poker, I'd have a 4 year gap in my resume.

rrumsey posted on October 25, 2012 at 18:25 PM


yah me and a roomate of mine wanted to get into this until we realized that, we are looking at fund managing now more like poker lol

zachd2323 posted on October 28, 2012 at 21:35 PM


Yeah that makes sense, especially considering that you did it for 4 years. I agree that in finance it can often be seen as a good thing. Poker players are probably well-suited for financial analysis type jobs imo. My brother actually worked as a financial planner for a short while before figuring out that he didn't like the sales aspect of it and now does more like what you want to do and likes his current job.

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