New to site.. looking for honest help.
Hey everyone.. this is my first post here..
First of all I live in London ont and I have been playing poker for 2.5 years now. both cash tournament and cash game and also most of my play is a free poker league. I prefer cash games at casinos though most of all. i play $1/2.
my question is for anyone on here that is playing cash games for a living. not just part time but for a true living.. like 5-10 hours a day. so far from 8 visits at a casino in the past 8 months or so.. didnt go much this summer, i have profited atleast 150-375 each time except for the last 2 times in late spring where i lost in ceasers windsor because I think i was too impatient and greedy and played bad. so 6 out of 8 times i made decent money. how is that for an everage. I am a tight player but when i hit i play hard.
I want to move to niagara and play at fallsview and or casino niagara full time. I want to run it like a business, stoping at X amount down and X amount up. say start at 50-80$ up each day for first month then go to $ a day next month ect ect..
I was sitting next to a guy my age who has done this grinding for 3 years he said and has done well.
SO if anyone here has some advice on this please let me know...i would almost prefer a private message then posts on here..
thanks
C
First of all I live in London ont and I have been playing poker for 2.5 years now. both cash tournament and cash game and also most of my play is a free poker league. I prefer cash games at casinos though most of all. i play $1/2.
my question is for anyone on here that is playing cash games for a living. not just part time but for a true living.. like 5-10 hours a day. so far from 8 visits at a casino in the past 8 months or so.. didnt go much this summer, i have profited atleast 150-375 each time except for the last 2 times in late spring where i lost in ceasers windsor because I think i was too impatient and greedy and played bad. so 6 out of 8 times i made decent money. how is that for an everage. I am a tight player but when i hit i play hard.
I want to move to niagara and play at fallsview and or casino niagara full time. I want to run it like a business, stoping at X amount down and X amount up. say start at 50-80$ up each day for first month then go to $ a day next month ect ect..
I was sitting next to a guy my age who has done this grinding for 3 years he said and has done well.
SO if anyone here has some advice on this please let me know...i would almost prefer a private message then posts on here..
thanks
C
Comments
First off, welcome! Second, if you are good enough you should probably play online, I think you would make more. 6 out of 8 times is good but MEANINGLESS, because it's only 8 attempts. If you've made money 60 out of 80 then that's something.
Also, I would recommend against setting a stop-win amount. ie stop if you lose 2 buyins, but not if you win 2. A business might close for the day if people keep stealing from it, but not if they sell too much! Stop at either a set amount of time played or whenever you feel the game is no longer good or you are not playing optimally.
See from my business background I respectivly disagree with you.. if you get up to my limit of 100 for the day and keep going, i may push my luck and get sucked out and lose most of it.
but big mike. whats your personal experience in this area? maybe its more then mine and i can learn from you?
Or you might not. Anyway, if you can't handle that then you aren't ready to play pro.
My background is playing a lot of poker. But a business example: if a car dealership's target is to sell 10 cars a week on average, should they close down on tuesday if they make it by then? Stop wins are pretty dumb, imo.
Set your goals based on TIME played. You have to think of results as an hourly rate.
anyways, i think a bankroll of 1000 is sufficient for those levels?
No way is 10 buy-ins sufficient for playing full time. I'd say a miniumum (with your small sample size) would be 5k. The downswings can be horrendous.
You may think 10 buy-ins is sufficient, but wait till your AA/KK is stacked 3 or 4 times. Then what?
Check out this article on basic bankroll management.
Poker Articles - Basic Bankroll Management
As Hobbes says, no.
Your general questions lead me to believe you are not anywhere near prepared to play poker full time. Do you play online poker? Take your thousand bucks and play $25 max buyin NL. The amount you save on rake/transportation/tips and earn in bonus will mean you can make more doing that than playing 1/2.
With 1k I would start playing at 50NL or below online. But honestly it sounds like you are getting too far ahead of yourself. It's great that you enjoy poker and want to play it for a living, however I strongly suggest you play a LOT more before you set anything in stone.
If anything you might enjoy online more because you can multi table and get a lot more hands in per hour.
Cosign.
Plus you have a good starting roll.
/thread.
\pogie.
by the way, no one can make a decent living at 1/2 100 max... Too much rake, too much variance... Unless you consider $10. an hour a living...
if i want to do this for living i set rueles for my self.
max 5 hours of good solid poker.
i play 2/5 or 5/5 so my limit for the day is $500.00
if i lose my 500 i leave and come back another day, or if my 5 hour is over and no matter if im + or - for the day i leave. (the last thing i want is play poker tired)
based on 8 visits making decision is wrong.
Last year 2007 I gived it a try to be a part time poker player 6 visits per month average cash game. 9 months was a winning month, my best month wasseptember + $3850.
but i was still not comfortable leaving my real job. lol.
this year i been kind of busy with some personal work and all. so really didnt took it seriuse.
but looking for jan 2009 to start my part time job again. with diffrent plan.
if you think you can make money 1/2 and do a living i personaly think it will be tough but again i could be wrong.
for 1/2 you need 5000 to start your job and feel comfortable.
for 5/5/ need 10 000 to start poker as living.
peace.
This might actually be the topic of another thread but I believe if you play poker as a full time occupation you are expected to pay taxes on your winnings, even in Canada.
Yes you are.
You mean they don't?
If you were to go from making say 40k / year and all of a sudden you are reporting $0 on your income tax return and yet have moved to a new house in a nice neighbourhood, lots of bells will be set off in the taxman's puter system.
You'd prob be ok for a couple of years (esp if you don't file
Seriously though, if you're beating $1/$2 live, you can prolly beat $25nl online.
1k is a perfect roll for starting out online. Heck $500 is fine for $25nl.
The others are completely right about travel, rake, tips cutting into your bottom line.
Regarding playing full time, you should have 6 months living expenses saved before you rely on poker as your source of income.
Here's my recommendation. Take $500 and deposit it online. Try playing a couple tables of $25nl for about a month for 2-4 hours a day, while having a full time job. Consider it a part time job.
When you feel comfortable, start adding more tables. Think of that like expanding your business. Once you've beat $25nl for good amount, take shots at $50nl, but fewer tables. Add more tables when you're comfortable. Move up, etc.
Once you find that you're consistently making more money than your full time job, and have 6 months living expenses saved, maybe go part time at work, and put more hours of poker in.
8 sessions is such a minuscule sample size, that it, in no way, can accurately reflect how well you're playing. If you don't have a job, get one. If you have a job, don't quit it to play $1/$2. $100 max buy in of all things. GG implied odds.
How did I miss this beauty?
i am a Robot Professional Poker Player
but i can think
my only weakpoint is hungry and sleepy
how i work
when i wake up,the first thing is open pc,then i go to toilet,wash face,tooth clean in 2 min
back to join table, use the time waiting BB to eat,i hire a cooker ($3 two hours one day)
then start fighting !
when tired, songs and movie and browse forum, then go on fighting!!!
fight till my brain is too tired to think
i have no job, i have no girlfriend,i have no friend,i needn't go outside,last month i haven't go
outside once!!
my only target is poker poker poker
i don't do anything except sleep eat poker
i don't drink, smoke, i don't entrainment， i don't make love
i will be excellent as one canadian youngest player Daniel!
he is best on the world!!!
before i am a starcraft progamer ,my gamei point is 2188 Terran
do you know how korean progamer train?
one day 16 hours keep practising
you maybe hear of Elky Grrr liquid, i defeat them all
i like practice practice practice !!!
so let us gogogogo
below is my former post, now i use my new id Daniel.No2
last month i completed 30k hands in 0.5/1 full ring limit
played about 100 hours,
winrate 3.33BB/100 hands
i totally win 1000 dollar
so i earn 10 dollar/hour,
am i a cheap worker?
now i move up to 1/2
next month plan
100k hands,300 hands/hour ( 6 multi-tables same time) 10 hours/day,
winrate 2BB/100 hands
expected money 4000 dollar/month
Let us gogogogo
and i will played 1/2 one month 2/4 two month
3/6 two month 5/10 two month
two month one level one level 200k hands
before the end of the year, i will go to top level online !!!
next year fly to canada observ how Daniel playing
Elky was on PokerRoad last night. Pretty nuts that he used to be a professional gamer.