I am way overdue for an update, so here is a nice one, with results graph and everything.
I have now been a 'full time' poker player for about a month, but spent quite a bit of that month doing other stuff, such as hiking in Iceland. It rains all the time in Iceland. But now I am returning to the grind, and doing very well.
I have not been playing nearly as many hours as I would like, but I hope to change that in the weeks to come. At the moment I am enjoying just playing and not doing much else poker wise. I should get around to trying new games or analyzing my NL game some, but right now I prefer just grinding. When results are this good, there is no point in doing anything else I guess.
I am playing in an office away from home, which is a nice way to get out of the house a little bit. I also have a battle station at home, but my computer exploded a month ago, and the new one is not quite up and running yet.
This graph shows my results at the office from the beginning of summer until now, all at 600NL:
I have played some at home during this time as well, but those hands are not included. I think I am about break even for 10k hands at home. As you can see, there have been a few 10 buy-in downswings, and also the ugly day I mentioned here is not included, so even though it looks like a walk in the park, it hasn't been all happy days and noodle salat.
I have played over 10k hands at Partypoker over the last few days, and I am cautiously optimistic about the level of profitability in online poker. I may have been a bit lucky, and that will always screw up your perspective, but I think the number of donkeys willing to donate for the cause is reassuring, and overall there are plenty of players around. There may be an ever increasing number of poker pros, and the level of play may also be steadily improving, but it seems there are plenty of fish to go around at the moment.
Here is a hand that clearly demonstrates why poker will remain profitable some time yet:
Party Poker No-Limit Hold'em, $6 BB (6 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: HTML)
Preflop: Hero is SB with Kc, Ac.
1 fold, MP raises to $24, 1 fold, Button calls $24, Hero raises to $100, 1 fold, MP folds, Button calls 76.
Flop: ($230) Th, Qh, 8h (2 players)
Hero checks, Button checks.
Turn: ($230) Ad (2 players)
Hero bets $200, Button calls $200.
River: ($630) 5s (2 players)
Hero checks, Button shoves, Hero calls $258.90.
Final Pot: $1144.80
Hero has Kc Ac (one pair, aces).
Button has 3h 4d (high card, ace).
Outcome: Hero wins $1144.80.