051 - Advice for Aspiring Poker Pros (Fausto Interview)

We know you guys have been looking forward to this one for a while -- it's our interview with Red Chipper @Faustovaldez123.

We captured a great conversation with Fausto full of details on how he's making the transition to playing poker full-time. We spoke during his rise from $1/$2 to $2/$5... he's since firmly planted himself in $2/$5 with a massive win rate and is going for $5/$10!

Whether you have the privilege of knowing Fausto or not, every poker player will get something out of this week's podcast. Let us know what you think!
Red Chip Poker

Comments

  • ChipXtractorChipXtractor Red Chipper Posts: 1,192 ✭✭✭✭
    Great listen. Gives a real look into the mind of a guy who is trying to make a living from the game. Proves once again how much work and self reflection is needed to succeed.

    As you said @Faustovaldez123 is absolutely crushing the local $2-5 games now and recently started shot-taking the $5-10 games as well. Not to mention a nice 32nd place cash in the recent Borgata 2 Million Guarantee Tourney.

    His success is a testament to the belief that hard work pays off. Well done @Faustovaldez123

    cXt
  • ImperatorImperator Red Chipper Posts: 898 ✭✭✭
    A story:

    About the 5th time I took the bus to The Sands I was rereading Professional NLHE v. 1. The guy sitting behind me in the bus noticed my reading material. That guy was Fausto.

    I only wish I could hang out with him more, because from that first meeting onward I recognized a serious poker player from whom I could learn.

    Thanks for the podcast.
  • ZacShawZacShaw Red Chipper Posts: 165 ✭✭✭
    Every so often we do something at Red Chip where I second-guess myself and think, "Are we giving too much away? Is this going to make the games super-hard to beat now? Am I making my opponents better?"

    This was one of those podcasts.

    It's funny because I think we all understand the concepts individually, but when you hear them strung together in a coherent thought process, the light bulbs go on.

    If there's been a theme here at Red Chip for the last few weeks/months, it's been "connecting the dots". We all as a community seem to be maturing to the point where it's not about concepts in isolation anymore, it's about combining concepts into a more holistic strategy that's honed through study and experience. (To be fair, many of you were already there, but I've seen a lot of us climb to that point recently.)

    Thanks again to Fausto for being so open and helpful to all of us $1/$2 players who share part or all of his dreams.
  • ImperatorImperator Red Chipper Posts: 898 ✭✭✭
    P.S. I have never sat down at the table with Fausto. I have had the opportunity a few times. But I refrained.

    JJM
  • RCP Coach - Fausto ValdezRCP Coach - Fausto Valdez RCP Coach Posts: 859 ✭✭✭✭
    edited September 2016
    I just wanna take an opportunity to thank the community and redchip for allowing me to do a podcast and the growth that has lead me to this point in my life especially since it wasnt easy

    The podcast was really cool and fun and i looking forward to doing more in the future
    COACHING NOW AVAILABLE HERE
    MY COACHING REVIEWS HERE
  • billconklinbillconklin Red Chipper Posts: 102 ✭✭
    Is there someplace that all of the podcasts are listed in order? It would be nice to have that list and be able to go back and listen again to several of them.
    This one, with Fausto, was just tremendous!
    Bill
  • ImperatorImperator Red Chipper Posts: 898 ✭✭✭
    Is there someplace that all of the podcasts are listed in order? It would be nice to have that list and be able to go back and listen again to several of them.
    This one, with Fausto, was just tremendous!
    Bill

    On iTunes you will find them in order from bottom to top.

    Here http://redchippoker.com/podcast/ they are listed from last to first.
  • tfaziotfazio Red Chipper Posts: 819 ✭✭✭
    Great Listen, Another Red Chipped I've gotta meet. thanks the both of you for recording it.
  • persuadeopersuadeo Red Chipper Posts: 4,308 ✭✭✭✭✭
    If you can't get enough Fausto I have more of him in the blog today and in the post before.
  • Jimmy3150Jimmy3150 Red Chipper Posts: 362 ✭✭
    Was interesting to hear about your negative variance - very happy that you turned it around from just a few buy-ins left in the bankroll.
  • ChipXtractorChipXtractor Red Chipper Posts: 1,192 ✭✭✭✭
    tfazio wrote: »
    Great Listen, Another Red Chipped I've gotta meet. thanks the both of you for recording it.

    You coming to the East Coast Meetup in Oct. @tfazio ??
  • tfaziotfazio Red Chipper Posts: 819 ✭✭✭
    Looked at the date no good
    I will be on LATB thurs oct 27
    Then in Vegas until nov 2nd
    Let's get a Foxwoods or Mohegan
    Meet up going
    It's a long trip for me to go to AC
  • kageykagey Red Chipper, KINGOFTAGS Posts: 2,241 ✭✭✭✭✭
    nice job on the interview, Zac.
    good job, Fausto.
  • ImperatorImperator Red Chipper Posts: 898 ✭✭✭
    tfazio wrote: »
    Looked at the date no good
    I will be on LATB thurs oct 27
    Then in Vegas until nov 2nd
    Let's get a Foxwoods or Mohegan
    Meet up going
    It's a long trip for me to go to AC

    I would love to get to Foxwoods. Can you make it to The Sands in Bethlehem?
  • Mr. DontMr. Dont Red Chipper Posts: 370 ✭✭✭
    Would love to foxwoods, (never been to), mohegan sun, (once, beautiful casino), unless it took me 5-6 hrs one way. It seems like more people join the Sands. Other than AC, Sands meet up maybe a good idea. Then CT area casinos.
  • bocky7bocky7 Red Chipper Posts: 369 ✭✭✭
    oh yes ! Great job guys. It was really good to hear from RCers that i have known before this interview . Also it is good to hear the fact that Fausto survived a down swing and made it back to doing well again. Every poker player that plays for a long period of time will go threw horrible down swings...The trick is staying with it and working harder at your game and making a come-back...(not everyone can do it)....Fausto, so glad you were one of them!
  • RoyRoy Red Chipper Posts: 48 ✭✭
    Great podcast guys!

    As someone also trying to make a go of poker as a living, I found that there was so much good and relevant content in this episode. Have listened a couple times already. Thank you

    @Faustovaldez123 , if you feel ok with discussing, can you describe your downswing? It sounds like you keep records of your play and I am curious about how you you think your LAG style vs variance overall or even bad decisions (?) may have brought you down from what seems like a decent BR for 2/5 all the way back to grinding the 1/2 game again? I ask mostly so as to be able to learn from your experiences....

    Secondarily, how do you feel you LAG style does at the 1/2 game? I would classify my game as your typical TAG and have been able to mostly peddle the nuts/value etc for a consistent ~5BB/hr at both 1/2 and 2/5 over a decent sample size. Im curious if you find that at the lower of these two stakes being so aggressive can hurt when players in this pool have such a hard time laying hands down. I wish I could LAG it up more but live in fear of this last statement, especially at 1/2.

    Congrats on getting back to where it sounds like you belong. I'm sure 5/10 will feel like home soon enough.

    Thx
  • RCP Coach - Fausto ValdezRCP Coach - Fausto Valdez RCP Coach Posts: 859 ✭✭✭✭
    Roy wrote: »
    Great podcast guys!

    As someone also trying to make a go of poker as a living, I found that there was so much good and relevant content in this episode. Have listened a couple times already. Thank you

    @Faustovaldez123 , if you feel ok with discussing, can you describe your downswing? It sounds like you keep records of your play and I am curious about how you you think your LAG style vs variance overall or even bad decisions (?) may have brought you down from what seems like a decent BR for 2/5 all the way back to grinding the 1/2 game again? I ask mostly so as to be able to learn from your experiences....

    Secondarily, how do you feel you LAG style does at the 1/2 game? I would classify my game as your typical TAG and have been able to mostly peddle the nuts/value etc for a consistent ~5BB/hr at both 1/2 and 2/5 over a decent sample size. Im curious if you find that at the lower of these two stakes being so aggressive can hurt when players in this pool have such a hard time laying hands down. I wish I could LAG it up more but live in fear of this last statement, especially at 1/2.

    Congrats on getting back to where it sounds like you belong. I'm sure 5/10 will feel like home soon enough.

    Thx

    im glad im able to help in some manner @roy and feel free to ask any question, im an open book :D

    My downswing was horrible and down right scary. As fast as i went up i came crashing down and as i mentioned in the podcast i lacked to adjust and kept forcing issues more than it was necessary. I was confused, angry and nervous all at the same time about my game and the decision i had made with my life. I even forgot what winning felt like at one point.

    Not only did i not want to accept that i had to play 1/2 again but i felt like i deserved more and should get out of this in no time. That didn't happen ... and it only got worse. It got so bad i broke down in front of my girlfriend because this failure meant more than just loosing, it meant everything i was working for was slipping away while debt increased and the idea of being stuck at a job i no longer wanted to be at was becoming more apparent.

    Then i just stopped all together, re focused and worked harder at the things i knew plus more. Which then translated into me getting back to where i wanted to be and more. Im stil not the best and there are areas in my game i still need to work on to become completely fearless and i don't have any plans to stop nether.

    As far as the lag style is concern, yes it does work at 1/2 for all the reasons stated in the podcast. Tag works, but barely and is not a style suitable for all games. You adjust based on the dynamics of the game. My win rate at 1/2 moved between 20-30bb/hr. Its not the biggest sample size relative to what is considered realistic but i was consistent in my outcomes.

    last statement is that if you dont face your fears and mess up once a while, you will never grow. You have to learn from your experiences and make the necessary adjustments. Dont take anything to heart, just endure the pain and move on.
    COACHING NOW AVAILABLE HERE
    MY COACHING REVIEWS HERE
  • LukaLuka Red Chipper Posts: 216 ✭✭✭
    edited September 2016
    Really cool, honest insight @Faustovaldez123, thank you very much for sharing. Inspiring to hear for all of us who run into rough patches on our poker journey.
  • thepokermonkthepokermonk Red Chipper Posts: 320 ✭✭✭
    My win rate at 1/2 moved between 20-30bb/hr. Its not the biggest sample size relative to what is considered realistic but i was consistent in my outcomes.

    Wow! That is insane! You were just crushing 1/2. How has your win rate changed as you moved up in limits? Are you able to achieve anywhere near that type of win rate?
  • RCP Coach - Fausto ValdezRCP Coach - Fausto Valdez RCP Coach Posts: 859 ✭✭✭✭
    edited September 2016
    My win rate at 1/2 moved between 20-30bb/hr. Its not the biggest sample size relative to what is considered realistic but i was consistent in my outcomes.

    Wow! That is insane! You were just crushing 1/2. How has your win rate changed as you moved up in limits? Are you able to achieve anywhere near that type of win rate?

    Right now im at 34bb/hr in 146hrs of 2/5, well see what it is in the future ...

    Ive def been on the good side of variance doh, but ive created some crazy games to make it happen
    COACHING NOW AVAILABLE HERE
    MY COACHING REVIEWS HERE
  • Adam WheelerAdam Wheeler Red Chipper Posts: 2,659 ✭✭✭✭
    Great podcast i very enjoyed listening to it. You seem like a great guy Fausto.
  • RoyRoy Red Chipper Posts: 48 ✭✭
    @Faustovaldez123 Thank you for your very candid response. Much appreciated. I get a lot out of this open approach of how you are willing to share your experiences. In the somewhat guarded world of poker this is a welcomed change. Something that makes RCP seem unique.

    I continue to relate to what you speak of. I always was under the impression that my days as an athlete (big losses or even losing seasons) would help with the inevitable downswings we all go through. Never in my poker career have I come close to what you just went through (though it is inevitable based on everything I've ever heard) so for you to climb back out of this deep hole speaks to your character. With this type of an attitude you are destined to reach your goals.

    My last two sessions have been big losses as I've run into two set over set situations (All in on the flop) and one All in on the turn where my boat ran into rivered quads. Now, I'm not posting these for sympathy or bad beat stories but to illustrate that even a measly two losing sessions in a row affect me tremendously as I have chosen to study the past 3 days vs heading back to the tables. Shows that I also need to work on the mental side of the game as much as I am putting into the theoretical side. I get the impression that once the fundamentals are there the mental and BRM far surpass in importance.

    I actually did quit a job that I didn't enjoy much to have a go at this. Trial by fire if you will. As I mentioned, a lot of my current focus is on my studies but I keep hearing that getting a coach is the next logical step. I have the opportunity to work with an online crusher soon and am excited about it not only because he seems so competent but also it will allow me to live back in Latin American where I feel so comfortable.

    Do you have any advice on how you went about choosing a coach? I can see how working with Christian has opened up your laggy approach. Envious of that as ultimately it seems to be the most profitable/fun way to play the game (yet perhaps with the biggest swings?) Also any thoughts on the online vs live coach idea? It wouldn't be to solely get into playing online as I love the live component of poker but it seems like an offer I cant refuse.....

    BTW, Holy Sh!t regarding your number$. Hope the run good continues!



  • RCP Coach - Fausto ValdezRCP Coach - Fausto Valdez RCP Coach Posts: 859 ✭✭✭✭
    Roy wrote: »
    @Faustovaldez123 Thank you for your very candid response. Much appreciated. I get a lot out of this open approach of how you are willing to share your experiences. In the somewhat guarded world of poker this is a welcomed change. Something that makes RCP seem unique.

    I continue to relate to what you speak of. I always was under the impression that my days as an athlete (big losses or even losing seasons) would help with the inevitable downswings we all go through. Never in my poker career have I come close to what you just went through (though it is inevitable based on everything I've ever heard) so for you to climb back out of this deep hole speaks to your character. With this type of an attitude you are destined to reach your goals.

    My last two sessions have been big losses as I've run into two set over set situations (All in on the flop) and one All in on the turn where my boat ran into rivered quads. Now, I'm not posting these for sympathy or bad beat stories but to illustrate that even a measly two losing sessions in a row affect me tremendously as I have chosen to study the past 3 days vs heading back to the tables. Shows that I also need to work on the mental side of the game as much as I am putting into the theoretical side. I get the impression that once the fundamentals are there the mental and BRM far surpass in importance.

    I actually did quit a job that I didn't enjoy much to have a go at this. Trial by fire if you will. As I mentioned, a lot of my current focus is on my studies but I keep hearing that getting a coach is the next logical step. I have the opportunity to work with an online crusher soon and am excited about it not only because he seems so competent but also it will allow me to live back in Latin American where I feel so comfortable.

    Do you have any advice on how you went about choosing a coach? I can see how working with Christian has opened up your laggy approach. Envious of that as ultimately it seems to be the most profitable/fun way to play the game (yet perhaps with the biggest swings?) Also any thoughts on the online vs live coach idea? It wouldn't be to solely get into playing online as I love the live component of poker but it seems like an offer I cant refuse.....

    BTW, Holy Sh!t regarding your number$. Hope the run good continues!

    no problem, being honest and upfront is the best way to improve and move forward, plus i don't care what people think of me :)

    my personal opinion/advice is to get a coach that will help you based on your plans, i'm not sure if that is play online professionally or live. You should have a conversation with your future coach about how the sessions will be and if its sounds ideal.

    PIck a coach that you are drawn to based on his way of teaching and expertise. It should be easy for you to follow your coaches ideas and thought patterns (unfortunately not all great players are the best teachers).From watching many different videos you should be able to gauge who you learn the best from. All coaches bring something to the table but there will be one (or more) that really brings your game to the next level.

    I ended up with @Christian Soto eventually because he gave me outside of the box ideas and strategy that really made sense to what i was aware of from the game but couldn't put a finger on it, or solve a way to get around it. His style naturally fit how i played and we both like to think outside the box so it worked out. Not only that he always challenges my logic and thought process to the point i really have to think wtf do i actually know lol but it works.

    hope this helps, i just woke up from a nap lol, time to study now ...
    COACHING NOW AVAILABLE HERE
    MY COACHING REVIEWS HERE
  • Christian SotoChristian Soto RCP Coach Posts: 2,195 ✭✭✭✭
    Roy wrote: »
    @Faustovaldez123 Thank you for your very candid response. Much appreciated. I get a lot out of this open approach of how you are willing to share your experiences. In the somewhat guarded world of poker this is a welcomed change. Something that makes RCP seem unique.

    I continue to relate to what you speak of. I always was under the impression that my days as an athlete (big losses or even losing seasons) would help with the inevitable downswings we all go through. Never in my poker career have I come close to what you just went through (though it is inevitable based on everything I've ever heard) so for you to climb back out of this deep hole speaks to your character. With this type of an attitude you are destined to reach your goals.

    My last two sessions have been big losses as I've run into two set over set situations (All in on the flop) and one All in on the turn where my boat ran into rivered quads. Now, I'm not posting these for sympathy or bad beat stories but to illustrate that even a measly two losing sessions in a row affect me tremendously as I have chosen to study the past 3 days vs heading back to the tables. Shows that I also need to work on the mental side of the game as much as I am putting into the theoretical side. I get the impression that once the fundamentals are there the mental and BRM far surpass in importance.

    I actually did quit a job that I didn't enjoy much to have a go at this. Trial by fire if you will. As I mentioned, a lot of my current focus is on my studies but I keep hearing that getting a coach is the next logical step. I have the opportunity to work with an online crusher soon and am excited about it not only because he seems so competent but also it will allow me to live back in Latin American where I feel so comfortable.

    Do you have any advice on how you went about choosing a coach? I can see how working with Christian has opened up your laggy approach. Envious of that as ultimately it seems to be the most profitable/fun way to play the game (yet perhaps with the biggest swings?) Also any thoughts on the online vs live coach idea? It wouldn't be to solely get into playing online as I love the live component of poker but it seems like an offer I cant refuse.....

    BTW, Holy Sh!t regarding your number$. Hope the run good continues!

    I ended up with @Christian Soto eventually because he gave me outside of the box ideas and strategy that really made sense to what i was aware of from the game but couldn't put a finger on it, or solve a way to get around it. His style naturally fit how i played and we both like to think outside the box so it worked out. Not only that he always challenges my logic and thought process to the point i really have to think wtf do i actually know lol but it works.

    I thought it was because we were both Dominican, but yeah this makes sense too!

  • RCP Coach - Fausto ValdezRCP Coach - Fausto Valdez RCP Coach Posts: 859 ✭✭✭✭

    I thought it was because we were both Dominican, but yeah this makes sense too!

    that also lol
    COACHING NOW AVAILABLE HERE
    MY COACHING REVIEWS HERE

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