Competing in poker has been frequently compared to traditional investing because of their similarities in risk and reward. Poker players use experience and instinct to try and make the best possible decision, a trait shared by your common stockbroker. Another way of looking at poker and investing as a paired couple is that by putting financial and time commitments towards your poker career (i.e. ?investments?), you are strengthening your personal poker portfolio, which will open up the possibilities of new avenues of profit in the future. The effort you put into advancing your knowledge and skills plays a direct role in your expected financial return as the years and the sessions pass by.
Here are a few ways you can invest a little time and money towards your poker habit:
1. ?Instructional Materials
Playing hours on end is a surefire way to grow your arsenal of strategies, but there are many types of concepts and theories that you most likely haven?t even considered. By purchasing a wide variety of poker instructional materials such as books, cheat sheets and more, you are making an immediate investment in your career that will pay off quickly. Don?t work your way through a dozen books in a few months time though, as you?ll have difficultly retaining the information. Think of it as a continuous process that will last for years.
2. ?Poker Coach
One of the only downsides of reading a poker book is that you don?t have a way of getting any questions you may have about the material answered. This is where a poker coach can come in handy. There are many top-notch professionals offering their training services online, where they make themselves available to answer enquiries and provide hands-on teaching, which for most people are absorbed far easier and quicker than simply flipping through a book for the same info.
3.? Tools of the Trade
In the same way you want a great pitching machine if you?re trying to improve your swing, you should try to make sure that you don?t skimp on purchasing quality items that factor into your poker playing. For online players, a good computer with fast internet connection and at least one large display monitor will serve you better than an old machine with a tiny screen that disconnects from the internet card room frequently. For live players, it may be creature comforts such as a brand name MP3 player that will allow you to sit through long hours at the table without losing focus.
Source: http://www.pokerblog.com/blog/investing-in-your-poker-career.html
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