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Why I Lowered my Coaching Rate from $250 to $9.99

  Or as an alternative title: “How to Start a Rumor that You’ve Gone Busto in Poker.” But the real answer to why I lowered my poker coaching rate goes back to a horse who actually was busto.   Let’s call him Dwight. Dwight was a good, low-stakes 9-man SNG player, who was always strapped for money and asking for loans to keep him afloat until his next chop. I usually advanced him the small amounts he asked for, until one day suggesting he get another job outside of poker to add in a more consistent income. Soon after, he told me he was starting a part-time job at a coffee house.   Later that same day, I saw he tweeted that he was taking on new poker coaching students for $100 an hour.   Now don't get me wrong, he is welcome to charge any amount he wants for his services. But this was a guy who had just begged for $50, and was about to get a job that in his country would probably pay about $4-$5 an … [Read More...]

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