Making $150/day playing poker [Archive] - Two Plus Two Older Archives

LinusKS

02-13-2005, 02:22 PM

It's not easy, housenuts, and you're not going to get a reliable answer by posting on this forum.

If it were easy, everybody would be doing it. Obviously, everybody is not. Think about it.

If you read 2+2 for a while, you'll notice the only people who ever lose money here are long-time posters, who take the game very seriously, and are very honest about their results.

On the other hand, people who haven't been here long, or don't have many posts, are always "crushing" the game, and will tell you it's something anyone can do.

And then, after a while, you don't hear from them anymore.

FredJones888

02-13-2005, 03:31 PM

I will add you to my list of honest posters!

SenecaJim

02-13-2005, 03:47 PM

I second Freddy

masse75

02-13-2005, 03:52 PM

You actually bring up a point I've wanted to address--most of the 2+2 posts are by guys that are "crushing the competition"...just like every female I chat with online is 23, 34-24-34, blond, and an aspiring actress.

As for myself, I'm 34, chiseled features, and I mountain climb as a hobby. And I crush the competition.
/images/graemlins/wink.gif

spentrent

02-13-2005, 04:16 PM

Play 40 $10+1 SNGs a day. Four-tabling, that's about 5-6 hours of work. If you can sustain a ~30% ROI with ~45% ITM, you're where you want to be. This is far from impossible in the $10+1 games. Hang out in the 1-Table Tournament forum for clues.

However, you will be playing a very VERY boring game. It's also easier then you think to go on tilt, when variance puts a foot in your ass after 20 games and you have 20 more left in your quota.

The $20+2 game is hardly different from the $10+1 game. Move up as soon as your bankroll permits it.

FredJones888

02-13-2005, 04:16 PM

You want to AVERAGE $150/day. I think what you are talking about is being able to make money CONSISTENTLY, like a job, over many months or years.

It has been theorized that a very, very, good player playing $10/$20 live games in Vegas could average $20/hr, but they would need a $6,000 bankroll to play with reasonable expectation of not going broke.

Playing poker and working a job are totally differnt things even though some people make a living playing poker. Its a subtle point, but a very important one.

SenecaJim

02-13-2005, 04:53 PM

housenuts, you are getting some good answers here. I asked a similar question. I'm retiring (52) and my goal is to get to 15-20 / hour. It is a realistic goal, but it's gonna take hard work. And don't be fooled. I am playing regular for last month or so, averaging about 10 hrs. a week.

right now playing 5-10 live I am right on $21 / hr. I am not a pessimist but i know this wont' last. I'm not even in ballpark of enough hands to be statistically viable. But, I am learning. Every night I leave knowing I made about $100 worth of mistakes or more.

I WILL have a downswing. But I am studying daily, concentrating on my mistakes, and learning everytime I play. If you concentrate on this I think your goal is realistic but won't happen overnite.

I can't speak for internet earning potential. I tried that before I knew a tenth of what I do now, and lost all 4 buy ins. I might try again but I find internet poker boring ( not a multitabler however. I think your goal is more achievable live because a lot of players drop in for blackjack and such to give it a whirl. Or are lonely and come for socializing and fun that they can afford.

Of course, I am not experienced enough to know diddly but these are my neophyte $.02 worth of observations.

housenuts

02-13-2005, 05:21 PM

the reason for my post was i'm looking at this as a possible summer job. i have nothing lined up right now and i need something so i can pay for school next year. i figure around $150/day is about what i'd need to make over 3-4 months.

as for multi-tabling i haven't been too successful at anything over 3-tables. right now i'm playing 2/4 and 3/6 usually just 2 tables.

i used to play only sngs and i don't know if i could solely play sngs over the summer to make money. i think limit is what i'd have to play. are there any big advocates for no limit or limit play?

SenecaJim

02-13-2005, 05:27 PM

I have little internet and little nl cash game experience (played 2x) . I prefer limit because I think the play is looser because they don't worry about gettin bet out of the pot. Lotta players know $80-100 loss on a single bet is huge, but will push in a total of 40-50 on limit game on crap hands figuring, what the hell, i'm alreay in for half that anyway.

Caruso329

02-13-2005, 05:29 PM

Limit IMO is the game preferred here by pros who make their livings in the ring games. I'm a NL player myself (small stakes) and it is just as much a grind, if not more so, than limit. I would recommend limit if you're looking to make the most money.

Gbob

02-13-2005, 05:30 PM

If you play online it's hard. If you play at a casino, you should have little problem doing this if you play a smart game. Even micro limits online have a higher caliber of math smart players than the casinos do. Mind you, there are other skills that can't be simulated online that provide an edge at a casino, but that's a different subject.

I have no problem doing this ta even 1/2 limit for a couple hours a day (or a long session every other day with weekends off) even with downswings.

bobbyi

02-13-2005, 06:05 PM

Anyone who trusts the claims of strangers on the internet about how much money they make gambling understands nothing about gambling, or the internet, or people.

Popinjay

02-13-2005, 06:12 PM

[ QUOTE ]
If you play online it's hard. If you play at a casino, you should have little problem doing this if you play a smart game. Even micro limits online have a higher caliber of math smart players than the casinos do. Mind you, there are other skills that can't be simulated online that provide an edge at a casino, but that's a different subject.

I have no problem doing this ta even 1/2 limit for a couple hours a day (or a long session every other day with weekends off) even with downswings.

[/ QUOTE ]

This is wrong. Online > casino for making money easily, the added hands/hr makes such a huge difference. $150/day could be done multitabling nl50 6 max on party imo.

AncientPC

02-13-2005, 07:43 PM

People, he's asking for $150 per day, not hour.

I was able to do this by playing .5/1 limit and NL 25 after one month of playing by playing 1k-2k hands / day. It's not that difficult although it is quite boring.

MMMMMM

02-13-2005, 08:34 PM

It's certainly achievable, but you have to realize that most people who try will fail. That's the nature of negative-sum games in general.

If you are studious, talented and have good emotional control and disciple, I'd guess 6 months if you get to multitabling online. You might have to play a lot of hours. You might do better faster, but I'm talking reasonably consistent results, and I'd guess 6 months for that--could be a year or longer, too. Could be less. Hard to say because the time frame will depend a lot on you.

Of course you might do a lot better than that. Or you might fail. You could turn out to be a break-even player or a small winner or small loser.

If you have a good track record of succeeding at other things you have tried in life, and if you like competitive games and are fairly talented at them, then I'd say your chances of success are fairly good.

There is no real way to predict it though because it isn't like being a bricklayer or carpenter or assembly-line worker or a dental technician or computer programmer. You have to be better than the others just to beat the house rake and break even. And you have to be even better than that to make money. So if you're a B- player and your average opponent is a B- player too, you'll lose money to the house. But if you're a good dental technician you'll make money even if you aren't significantly better than the other dental technicians. So it really depends on you.

Some people could never truly beat poker no matter how long or hard they try because they just don't have the right mind or emotional makeup for it. Only time will tell in your case.

Moozh

02-13-2005, 08:50 PM

I think I'll break away from the mold here and disagree with most people. I'm currently playing 20k hands a month, quad-tabling 2/4. If you limit yourself to 1000 hands per weekday, you should get in about the same amount of hands as I do. That said, if you're playing 2/4, you need to average 3.75bb/100 to make $150 in 1000 hands. That's ridiculous. At 3/6 you need to average 2.5bb/100 which is more reasonable, but still difficult and definitely not easily done.

Your other option is to play more hands, or try to play 1000 hands a day including weekends. That is not an easy task either, no matter how much fun you're having at the start. Playing 4+ hours of poker a day, everyday will eventually start to feel like a serious grind.

Not to say that it can't be done, but I don't think it would be nearly as easy as people have made it out to be.

Emmitt2222

02-13-2005, 09:21 PM

If you realistically want to do this, with where you are at now I would say you have to play at least 4 tables. If you can get a solid winrate of 2BB/100 at 2/4 which is tough but very realistic, and you have rakeback, then you have to play about 6-7 hours a day and you will be set. You would average about $10/100 hands which is about $23-24 an hour and then you just have to put in the hours each day.

AngryCola

02-13-2005, 09:34 PM

Huh?

$150/day is not at all difficult, IMO.

If he was talking about $150/hour, your point would make more sense.

And all this stuff about believing people on the internet, internet forums, etc. is not really productive.

Discussing poker is what these forums are here for. If you are going to start disbeliving everything you read here, why even bother reading 2+2? With that attitude, you'll quickly turn into richrf.

AngryCola

02-13-2005, 09:36 PM

[ QUOTE ]
If you play online it's hard. If you play at a casino, you should have little problem doing this if you play a smart game.

[/ QUOTE ]

This is completely backwards.

AngryCola

02-13-2005, 09:37 PM

creedofhubris

02-13-2005, 09:57 PM

If you want to average $150/day, you probably want to be playing no smaller than $5/$10 limit or $2/$4 NL. You could also 4-table a lot of slightly smaller games for a lot of hours. NL is where the really big money is, so I suggest that's the way to go, but play supertight until you get your bearings.

If you want to get feedback from players who are making $150+ a day, you should go to the mid& high stakes NL and limit forums, and look for posters who have several hundred posts under their belts. They're probably making significantly more than that. (Anyone who's playing at those limits who has been posting for that long, is very unlikely to be a losing player, since they'd be broke. And the winning mid & high stakes guys make a ton.)

If you've been playing for a while, you should know whether or not you are a steady, winning player; if you are, then $150/day is achievable.

lighterjobs

02-13-2005, 10:14 PM

not easily.. luckily maybe.

Moozh

02-14-2005, 12:20 AM

[ QUOTE ]
Yeah I know.

I'm confused by all the people who seem to believe this is difficult.

[/ QUOTE ]

I'm curious, what limits and what rate do you have in mind when you talk about making $150 a day?

TeeJayORTj

02-14-2005, 12:45 AM

4 Table 5/10 6 Max with rakeback for 2 hours a day and win at a 1.5 BB/100 clip and you would make over 150 a day.

Viscant

02-14-2005, 02:00 AM

The question isn't whether it's possible, but whether it's easy. Of course it's possible! If you bonus whore very aggressively, play 2/4 at about 2BB/100, then yes you can do it.

Now, is this easy? If it was easy, then everyone would be doing it. If it was easy then nobody would lose at poker so everybody would lose. We know that this is not the case, so it can't be easy. It will take steady work to build you up to this level, a lot of learning and careful study involved. You also have to be able to play well even on your poorer days, else 1 bad day will wipe out 2 good ones.

The stress involved in playing poker for your sole livelihood at low levels has to be nerve wracking.

Put it to you this way. Making a living at poker is the hardest way to make an easy living that I can think of. I've seen this said before, but it bears repeating. It's possible to make a passable living and many here can do it. If you take that much study and effort though, you could be working a real job and making twice as much. Your call, chief.

sarahbellum

02-14-2005, 03:54 AM

[ QUOTE ]
the reason for my post was i'm looking at this as a possible summer job. i have nothing lined up right now and i need something so i can pay for school next year. i figure around $150/day is about what i'd need to make over 3-4 months.

[/ QUOTE ]

It may be possible, it may not be possible, it may be easy, it may be hard (depends on who you listen to on here).

The real question you need to ask yourself is "what if I don't succeed?" You are giving yourself three months to earn the money that you need for your next years schooling. What if you fail? What then?

thatpfunk

02-14-2005, 04:52 AM

With a bankroll of $1k

Party $50nl 6max
Reasonable wr 5bb/100 (PT bbs) = $10/100 hands

4 tabling= ~300 hands per hour

5 hours per day to avg $150

5bb/100 is very, very attainable for a semi-decent player

(it is a boring, boring grind. i vote for a part-time easy/fun environment job and poker on the side)

mack848

02-14-2005, 05:39 AM

[ QUOTE ]
People, he's asking for $150 per day, not hour.

I was able to do this by playing .5/1 limit and NL 25 after one month of playing by playing 1k-2k hands / day. It's not that difficult although it is quite boring.

[/ QUOTE ]

I'm interested in how you can earn $150 playing 1-2k hands of 0.5/1? I make it that you would need to average at least 7.5 BB/100!

Looking at this as someone who aspires to winning at this rate, I cannot see doing so sustainable playing below 5/10. To average $150 at 3/6 would involve many hours playing many tables - very tedious. At 2BB/100 it would require 1250 hands a day. Possible, of course. Enjoyable, hell no.

AngryCola

02-14-2005, 05:51 AM

[ QUOTE ]
Possible, of course. Enjoyable, hell no.

[/ QUOTE ]

People interested in making 'serious' money through poker generally aren't concerned with how enjoyable it is.

It's a grind.

octop

02-14-2005, 07:43 AM

How is playing 4hour hours a day of poker a grind?
Maybe its tiring if you have a job- which I dont, but tiring is different than boring.
I really dont remember the last time I played less than 40 hours of poker in a week

AncientPC

02-14-2005, 08:07 AM

Ok I looked over my September stats where I was primarily grinding it out at .5/1 limit and NL 25 on Party / Paradise. I was apparently on a good run (plus bonuses):

NL 0.25 15.7k hands @ 11.55BB/100
NL 0.50 4k hands @ 13.72BB/100
Limit .5/1 9.4k hands @ 5.4BB/100

If you cut those numbers by half, that's still a decent amount of money. I truly appreciate being able to play poker because my previous job was much more of a grind.

Online poker requires you sitting in front of a computer all day and pressing buttons, it's not that bad.

AngryCola

02-14-2005, 04:10 PM

[ QUOTE ]
Online poker requires you sitting in front of a computer all day and pressing buttons, it's not that bad.

[/ QUOTE ]

I would never suggest that it's particularly hard work.
But once you start playing a lot, you realy aren't doing it for fun anymore.

When I want to have fun playing poker, I play $5 SNGs with friends. /images/graemlins/smile.gif

Mike

02-14-2005, 05:29 PM

Great post!

To learn the game and do it over the summer, would be quite a challenge, especially considering every day op will sort of be playing on scared money.

KidPokerX

02-14-2005, 06:19 PM

Go to school and get a good education. Then you can make much more than $150/day and be doing something productive. Hell, you might even meet someone and start a family, buy a boat and go wakeboarding. Maybe you can take your family on luxury cruises while on vacation, or explore the arts and fine wine in your community. There's so much to do, why worry about just $150/day?

CrazyN8

02-14-2005, 06:27 PM

Don't forget to bonus whore!

Shoe

02-14-2005, 06:29 PM

$150 a day sounds easy when you are running good. Once you hit a losing streak though (especially at low limits), it becomes very hard.

AngryCola

02-14-2005, 06:36 PM

[ QUOTE ]
$150 a day sounds easy when you are running good. Once you hit a losing streak though (especially at low limits), it becomes very hard.

[/ QUOTE ]

Huh?

We are talking about averages here, not swings.

AngryCola

02-14-2005, 06:39 PM

[ QUOTE ]
Go to school and get a good education.

[/ QUOTE ]

He's already doing that.

At least bother to read the thread before you post.
I know you're in a hurry and can't be bothered with details, but come on!

Besides, this is a poker board. He asked a poker question. The response shouldn't be, "Don't ask that question."

KidPokerX

02-14-2005, 06:41 PM

i'm sorry you swallowed my nutsack. didn't mean to offend your buttbuddy. wanna play heads up?

loser

AngryCola

02-14-2005, 06:43 PM

[ QUOTE ]
Moderator(s) notified.
In a moment you will be automatically returned to the forum.

[/ QUOTE ]

[ QUOTE ]
i'm sorry you swallowed my nutsack. didn't mean to offend your buttbuddy.loser

[/ QUOTE ]

[ QUOTE ]
wanna play heads up?

[/ QUOTE ]

Anytime.

KidPokerX

02-14-2005, 06:44 PM

do you expect a forum full of poker players to trust everything we hear?
get real

housenuts

02-14-2005, 06:44 PM

[ QUOTE ]
[ QUOTE ]
the reason for my post was i'm looking at this as a possible summer job. i have nothing lined up right now and i need something so i can pay for school next year. i figure around $150/day is about what i'd need to make over 3-4 months.

[/ QUOTE ]

It may be possible, it may not be possible, it may be easy, it may be hard (depends on who you listen to on here).

The real question you need to ask yourself is "what if I don't succeed?" You are giving yourself three months to earn the money that you need for your next years schooling. What if you fail? What then?

[/ QUOTE ]

i get a student loan. i will also probably have some sporadic work during the summer, and maybe even pick up a part-time job.

this got me thinking though. if i'm gonna play online poker as a job i may as well play in australia or somewhere rathing than boring old victoria.

AngryCola

02-14-2005, 06:45 PM

[ QUOTE ]
do you expect a forum full of poker players to trust everything we hear?
get real

[/ QUOTE ]

No.

But I expect you should trust most of the advice you receive here.

That's what these forums are here for.

KidPokerX

02-14-2005, 06:49 PM

what a little baby.
Pick a table, pick a site, let's settle this like adults. You can go run and tell mommy after I beat you.

loser

AngryCola

02-14-2005, 06:50 PM

lol

What a joke.

How old are you, anyway?

Grow up.

[ QUOTE ]
let's settle this like adults

[/ QUOTE ]

Settle what?
You're making the mistake of thinking I care.

I'll gladly play you if it's worth my time.
Name your stakes.

KidPokerX

02-14-2005, 06:53 PM

[ QUOTE ]
Moderator(s) notified In a moment you will be automatically returned to the forum.

[/ QUOTE ]

[ QUOTE ]
What a joke.

[/ QUOTE ]
[ QUOTE ]
Grow up.

[/ QUOTE ]

Ridiculous! I'm telling!

loser

bernie

02-14-2005, 06:53 PM

[ QUOTE ]
i'm sorry you swallowed my nutsack. didn't mean to offend your buttbuddy. wanna play heads up?

[/ QUOTE ]

ooooooo heads up!!! wow...that would prove alot. How effing macho to offer that. Damn, who would ever dare take that offer against such a stellar player. What's that I see? uh oh, it's the starting of a statue they're building of you. The feet look good so far.

Don't we see enough of this pissing contest crap on the tables?

Grow up.

b

AngryCola

02-14-2005, 06:54 PM

I violated no part of the terms of this site.

You cannot say the same.

AngryCola

02-14-2005, 06:55 PM

[ QUOTE ]

Don't we see enough of this pissing contest crap on the tables?

[/ QUOTE ]

Apparently not.

Btw, I couldn't believe he responded in that manner.
It's not as if I said anything particularly rude.

KidPokerX

02-14-2005, 06:56 PM

it's hard to tell sarcasm when something's stuck up your butt all the time, aint it?

AngryCola

02-14-2005, 06:56 PM

[ QUOTE ]
it's hard to tell sarcasm when something's stuck up your butt all the time, aint it?

[/ QUOTE ]

Keep digging.

Btw, sarcasm is ususally funny.
You weren't.

DcifrThs

02-14-2005, 08:29 PM

[ QUOTE ]
Anyone who trusts the claims of strangers on the internet about how much money they make gambling understands nothing about gambling, or the internet, or people.

[/ QUOTE ]

before i replied to this, i wanted to see what some of the posters whose opinions i trust stated...robk was first on the scroll down list, he said "how smart are you?"

then you were next and your post is exactly the gist the original poster should get...its not that posters here have no idea what they're (we're) talking about...its that this isn't where you turn to make a life altering decision...

-Barron

SenecaJim

02-14-2005, 09:53 PM

good comment dciferths. Actually , I don't think this type of post is looking for life choice guidance. More to get reinforcement ( hopefully ) of what they have chosen to do. Fortunately, you get so many disseting opinions you are bound to get the reinforcement you are looking for if you can take the good with the bad.

USGrant

02-14-2005, 11:21 PM

It's a brutal endeavor unless you have cash to burn. I wouldn't try going naked until you have a year of experience playing either small SNG's or micro limit. If you think you're a good beginning player, get a 9-5 summer job and play small time poker at night. This way you're at least guaranteed a pay check every week and you can tack on any poker winnings as a bonus.

sweave1

02-17-2005, 05:34 AM

i lurk more than i post but couldnt agree more, even at the micros (i am between .10/.20 and .25/.50) im up and down trying to increase bank roll. I dont think it can be considered in terms of per hour earnings but repeatability(varience?) over time....

oreogod

02-18-2005, 02:59 PM

Pretty sure Angry would gut this guy heads up.

RudeboyOi

02-18-2005, 03:10 PM

if you can handle shortterm fluctuations and are good at betting for value in marginal situations, shorthanded limit holdem is the quickest way to be able to avg 150/day for the least amount of hours required.

bear187

02-19-2005, 02:12 AM

Forget the original thread, I wanna see the HU dick swinging contest. Make sure you tell us what table and when @_@

jimymat

02-19-2005, 03:23 AM

Imo making $150 a day would be difficult due to the variance. I do the Rachel Ray $40 a day program and struggle with it. In my two years of playing I have noticed that losing streaks go on for a long long time. My notes represent that Im playing correct, just taking some really bad suck outs. Thats the only times I really lose a hand. Going into the river a 94% favorite and some idiot who should have folded flop hits perfect. These long streaks will destroy your 150 a day and youll be chasing it. Some how for 2005 ive averaged $182 a day thanks to some big final tables but my side game has been getting destroyed lately. On my $40 a day I get stressed out if I dont hit on a day or fall behind. Makes me sick. Seems like maybe your setting yourself up for failure at that amount. Try the Rachel Ray and then when you go over youll be happy. No stress. Good luck.

popniklas

02-19-2005, 01:11 PM

What is the Rachel Ray $40 a day program?

AncientPC

02-19-2005, 02:09 PM

Rachel Ray $40 / day is when she goes traveling and tries to only spend $40 / day for all three meals. I think the jimymat is referring to making at least average $40 / day.

silversurfer

02-19-2005, 08:07 PM

Sorry, small thread hijack...two posters here I wanted to say something to...

Angry, you're the man, but I've gotta ask...wtf is up with the EJO montage? /images/graemlins/wink.gif And ignore the troll, you won't get anywhere arguing with angry children. They thrive on the negative attention.

Oreogod, are you the same one who asked me a question today in the 'Stars rebuy tourney? Good to see other 2 + 2'ers around. I won the tourney with 720k in chips, lol.

AngryCola

02-19-2005, 10:06 PM

[ QUOTE ]
Angry, you're the man, but I've gotta ask...wtf is up with the EJO montage?

[/ QUOTE ]

Shh...

Education is a vaccine for violence.

[ QUOTE ]
And ignore the troll, you won't get anywhere arguing with angry children. They thrive on the negative attention.

[/ QUOTE ]

For the most part I try not to respond. I don't get into long arguments with them anymore. If you notice, none of my posts after he acted trollish were very long.

Still, I probably shouldn't have responded at all.

bholdr

02-19-2005, 11:04 PM

I don't think it's a good idea or goal to make your education dependant on a game that requires tons of experience to excell at.

just get a job painting houses or something. i did in college and by my third summer doing it i was pushing 50$/hr to work in the sun and give my friends jobs. it was way, way better than sitting in front of a computer in my dark apartment grinding away hoping to maintain my 25$/hr or so that i pull in. some days i make 50/hr, some days i lose money. it sucks ass, it's a good thing i actually enjoy poker, but i rarely have the mental stamina to play more than two hours at a time.

limit is where the good money is, through 4-tabling and bonus whoring short-handed 1/2 and games, you can pretty much play on auto-pilot and easily pull in 25-30/hr. i make myself sit down and play if i want to go drinking or buy some music, or otherwise want some mad money, but there's no way i'd base my financial/educational security on it. if you want to waste your summer spending six hours a day staring at a screen, then all you need to do is play a couple hundred hours and read the books, post the hands that confuse you, stay in control and gring it out. it shouldn't take you more than a month to get there if you're a smart and dedicated non-gambler. it isn't rocket science.

GL to you either way.

CHiPS

02-21-2005, 10:34 PM

Wow it's increadible reading these posts. It is not easy to make $150 / day. On my last trip to Vegas I made $100 per hour for the 20 hours I played but hell that was luck. And I've gone for a month online having my butt handed to me the entire month. Many poker authors talk about win rates in casinos for good players being at the level of 1 or two big bets per hour for limit games. For example see Mason Malmuth's book "Gambling Theory and Other Topics" Online you can play maybe 50% more to twice as many hands per hour as in a casino if you are playing one table. But then again online does not allow skills of reading people to enhance your winnings. I have taken many hundreds of hours of statistics of my own play and have averaged about 1.5 big bets per hour online. I play one table. My standard deviation is usually about 10 times my win rate. This was for limit - now I play no limit which in my opinion is the place to graduate to once you get decent. I do not play poker as a job, but I do like to make some money on the side. After a few years I've gotten some nice profits. First two years were break even for me and I played low stakes where I could learn and have fun. I take breaks from the game regularly though because I find it hard to grind at it. Makes it more fun when I come back. I'd love to see some statistics from these online sites as to how many players are simply winning players over more than 500 hours of play - ie they beat the house rake. I would like to make it to the level you describe - that would be great. I'm trying this year to make $15/hour at 200 buy in No Limit. But I will only know at the end of the year whether or not I can do it. Wish me luck !

danderso8

02-21-2005, 11:01 PM

haven't read all the posts yet, but i would say that if you are looking at this from a summer job perspective, that, in the long run, a real summer job is a far better choice. No matter what you do, you should be guaranteed to make pretty close to the $150 you say you will need, which is nowhere near close to true with poker.

If you want to, you can always find time to play an hour or two a night after work, and study the game an hour a day, and then you should be able to learn the game and have some decent job experience.

The job experience, even if it's a crappy burger-flippin one, will look better to potential post-graduation employers than a summer of poker, and that's gotta figure into your decision, strongly i would hope.

Now, if you were *already* making $150 an *hour*, then maybe you would have a case for not taking a summer job, but that is a long ways off and probably out of reach for most people.

Good Luck,
Dan

Piers

02-22-2005, 12:49 AM

[ QUOTE ]
How easy do you think it is to average $150/day playing poker?

[/ QUOTE ]

A break even when 8 tabling (after the rake) player should be able to make $150 per day by playing four or five hours of 1/ 2 or 2 / 4 a day.

Shoe

02-22-2005, 04:55 AM

[ QUOTE ]
[ QUOTE ]
How easy do you think it is to average $150/day playing poker?

[/ QUOTE ]

A break even when 8 tabling (after the rake) player should be able to make $150 per day by playing four or five hours of 1/ 2 or 2 / 4 a day.

[/ QUOTE ]

If he is break even how is he making money?

jdl22

02-22-2005, 04:58 AM

rakeback.

Shoe

02-22-2005, 05:42 AM

Your saying you can make $150 a day in rakeback? If your playing that many hands you better be better than a break even player.

Elektrik

02-23-2005, 03:29 AM

Making $150 per day is very possible, depending on a few factors:

1) Your skill. Without an appropriate sample size it's very hard to quantify how much you can make - this alone will be the single most important factor for how much you make. If you aren't very good, you probably can't make $150 per day.

2) Your bankroll. If you're the best poker player in the world and you're down to your last $25, you aren't going to be going anywhere fast without a huge risk of ruin. If you're a mediocre player who can beat 3/6 at a 1BB/100 clip with a $1.5K bankroll 4 tabling, you could make much more.

It's a pretty simple to answer the question once you have these pieces of information - what's your skill level at a given stake with the appropriate bankroll, for X hours per day.

With all that being said, I would suggest you go out and get a real job for the summer. It'd be useful for developing social skills and learning to work with others, as well as giving you something much more meaningful on your resume, particularly since you're young.

FWIW, I'm in college as well, and am passing up a roughly >$50/hour job playing poker for these reasons.

sthief09

02-23-2005, 06:09 AM

it wouldn't be hard to make 150/hr playing 6 tables of 5/10 6-max

Shoe

02-23-2005, 07:00 AM

[ QUOTE ]
it wouldn't be hard to make 150/hr playing 6 tables of 5/10 6-max

[/ QUOTE ]

It might not be hard for you, but I don't think this is something the average person can expect to achieve with ease.

ravanger

02-24-2005, 04:54 PM

/images/graemlins/smirk.gif[i bet only 1% of 2+2 players make $150 a day}
have u been to any live game's?i've made more than $800 in lees than 3 hrs /images/graemlins/grin.gif....i suggest u stop giving this guy false info..and to whoever wrote the post,practice online with play money,get good,get some people together,have about a $60-120 buy in tourney with one rebuy,and play very,very,VERY conservative...if u play conservative in a tournament,odds are u will win...but when it gets down 2 about 3-4 players...loosen up a little.in the begginning i only play hands like qj,kj,kk,qq,jj,10\10,aa,j10...u get the idea...if u play hands like thes and dont chase.. then u should do fine...good luck

threeducks

02-24-2005, 07:40 PM

I think this is the longest thread I have ever seen. Sparked interest, huh. I have been playing on party at $15/30 and I am winning 2.2 big bets an hour so far. But, things might change over time. I have been studying and playing for just over 2 years. I have read 10 books on the subject. I consider myself an average player.

Reef

02-24-2005, 08:02 PM

[ QUOTE ]
/images/graemlins/smirk.gif[i bet only 1% of 2+2 players make $150 a day}
have u been to any live game's?i've made more than $800 in lees than 3 hrs /images/graemlins/grin.gif....i suggest u stop giving this guy false info..and to whoever wrote the post,practice online with play money,get good,get some people together,have about a $60-120 buy in tourney with one rebuy,and play very,very,VERY conservative...if u play conservative in a tournament,odds are u will win...but when it gets down 2 about 3-4 players...loosen up a little.in the begginning i only play hands like qj,kj,kk,qq,jj,10\10,aa,j10...u get the idea...if u play hands like thes and dont chase.. then u should do fine...good luck

[/ QUOTE ]

who are you quoting? In either case, I think it was being challenged that it was nearly impossible to sustain $150/HOUR save for a very few

threeducks

02-24-2005, 08:45 PM

See my post below - I think it is dificult to make 1 BB per hour playing party 15/30 - I am making 2 bb now but that may change and it is not easy. My lifetime average (6 months)online at party is $4 an hour overall. I started playing 1/2 and now I am playing 15/30 so I don't have a true overall average. Not great. Not $150 a day by any streach.

fimbulwinter

02-25-2005, 02:15 AM

[ QUOTE ]
[ QUOTE ]
it wouldn't be hard to make 150/hr

[/ QUOTE ]

It might not be hard for you, but I don't think this is something the average person can expect to achieve with ease.

[/ QUOTE ]

wrong.

No Limit

fim

pokerrookie

02-25-2005, 02:29 AM

[ QUOTE ]

And then, after a while, you don't hear from them anymore.

[/ QUOTE ]

BTW, I am still around and in my last two nites of 7 stud, my win rate is 68 BB/100...no kidding. Is this sustainable?

Reef

02-25-2005, 05:16 AM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
it wouldn't be hard to make 150/hr

[/ QUOTE ]

It might not be hard for you, but I don't think this is something the average person can expect to achieve with ease.

[/ QUOTE ]

wrong.

No Limit

fim

[/ QUOTE ]

please post your PT stats for your last 100k hands.

K C

02-25-2005, 05:53 AM

Lots of stuff here already /images/graemlins/smile.gif I always get a kick out of the "you're wrong, and let's settle it heads up" line /images/graemlins/smile.gif

I guess I'll throw in a few comments. First, skill has been mentioned. You need to be fairly confident you can make more money playing poker than the summer job. For that, you need a good track record. And the fact you're asking us would suggest you're not at all sure of this. And if you're not sure, it probably won't happen.

Playing poker for a living isn't really something you can just jump into. You need to have a real good idea about what the heck you're doing first.

There seems to be a lot of players on here multitabling small stakes. That's fine if it's working for you, but it's not for everyone. I absolutely hate multitabling and I never play more than one game at a time. I'd much rather play bigger, especially if opponents are multitabling. That's just me though.

$150 a day or $150 an hour are no big deals, other than the limitations presented by your skill, experience, and bankroll. If you've got the bucks, you could play 5k HU tourneys, 100/200 limit, or 100/200 NL. Of course, if you're looking for a summer job, with a small roll and not a lot of experience, you're going to be pretty limited here.

Ultimately, the most money is in NL, not limit. There is still good money at the higher end limit games though, or if you like playing 100 50/1 games at a time at Party /images/graemlins/smile.gif

My advice would be to develop your skills and look at the possibility of doing this as next summer's job, not this one. If you had a big enough bankroll and a good enough idea of what you're doing, this wouldn't be too difficult, but failing that, you're much better off with a regular job over the summer where you know you'll get paid.

KC
kingcobrapoker.com

popniklas

02-25-2005, 08:23 AM

<blockquote>Svar till:<hr />
<blockquote>Svar till:<hr />

And then, after a while, you don't hear from them anymore.

[/ QUOTE ]

BTW, I am still around and in my last two nites of 7 stud, my win rate is 68 BB/100...no kidding. Is this sustainable?

[/ QUOTE ]

of course it is. why, in my last hand of hold'em my win rate is 450/100.

JonLines

02-25-2005, 01:09 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
the reason for my post was i'm looking at this as a possible summer job. i have nothing lined up right now and i need something so i can pay for school next year. i figure around $150/day is about what i'd need to make over 3-4 months.

[/ QUOTE ]

It may be possible, it may not be possible, it may be easy, it may be hard (depends on who you listen to on here).

The real question you need to ask yourself is "what if I don't succeed?" You are giving yourself three months to earn the money that you need for your next years schooling. What if you fail? What then?

[/ QUOTE ]

i get a student loan. i will also probably have some sporadic work during the summer, and maybe even pick up a part-time job.

this got me thinking though. if i'm gonna play online poker as a job i may as well play in australia or somewhere rathing than boring old victoria.

[/ QUOTE ]

So I guess Im not the only one dreaming of the University Summer vacation in Australia, sitting on the beach with the wireless internet, playing 4 tables of nice fishful limit tables, with beautiful topless woman all around me.

Couple of problems.... firstly, isn't it cold in australia during our summer? guess they wouldn't be topless..

How much coverage has Australia got for broadband now? How expensive is it?

Just some considerations, but if you read Matthew Hilger Internet Texas Holdem, he talks of going to New Zealand for a year to avoid americas Taxes (remember, gambling winnings are tax free in most countries!) and he made $100,000 in the year he was there (this is from memory, so dont quote me). So its all very possibly. Also bear in mind Mr.Moneymaker had only been playing for a year when he won the WSOP!

I think limit is the way to go for consistancy, less swings, and its quicker to learn to play well. Also easier to spot mistakes in your game.

If I was you I would say do it, your young, and you will probably end up locked up doing a 9-5 job for the rest of your life, be original. Worst comes to worst and you will end up having to stay with some backbackers while serving drinks at night to aussies... isn't that what normal studenst spend their summer doing anyway?

If you do go, and you see a guy sitting on the beach with a laptop cursing the lucky river hunters.... give me a wave.

AncientPC

02-25-2005, 03:58 PM

[ QUOTE ]
Just some considerations, but if you read Matthew Hilger Internet Texas Holdem, he talks of going to New Zealand for a year to avoid americas Taxes (remember, gambling winnings are tax free in most countries!) and he made $100,000 in the year he was there (this is from memory, so dont quote me).

[/ QUOTE ]

American citizens working abroad are still required to pay income taxes, what Matt Hilger is suggesting is tax evasion.

Ulysses

02-25-2005, 04:54 PM

I think the answer to this is very simple. It is very easy if you can get the hang of multi-tabling. $25/hr at 3-6 4-tabling is quite easy and $50 and over is definitely possible. If you can only play 1 table well, it's very easy for an experienced player who can beat slightly higher limits, but pretty tough for a newer player.

JonLines

02-26-2005, 09:46 AM

[ QUOTE ]
[ QUOTE ]
Just some considerations, but if you read Matthew Hilger Internet Texas Holdem, he talks of going to New Zealand for a year to avoid americas Taxes (remember, gambling winnings are tax free in most countries!) and he made $100,000 in the year he was there (this is from memory, so dont quote me).

[/ QUOTE ]

American citizens working abroad are still required to pay income taxes, what Matt Hilger is suggesting is tax evasion.

[/ QUOTE ]

Ok I looked it up, my memory wasn't perfect but still, it says that 'If you are an american citizen and move overseas, you are able to deduct over $80,000 a year from your income since you are not residing in the States. This effectively eliminates most income tax, but you still must pay the FICA and Medicare taxes'

ravanger

02-26-2005, 04:11 PM

/images/graemlins/confused.gifyou guys just dont understand,the internet is not where its at....LIVEGAMES...real life LIVEGAMES..thats where the money is at /images/graemlins/cool.gif

oreogod

02-26-2005, 08:29 PM

You know, if u can prop on some of the poker sites, you can easyily make over 150 a day. Friend of mine, works about 16-30 hours a week as an online prop and just from propping makes, 1000 a week. Hes a winning player so that money to him is like going to work and having your boss pay for your gas, but when he first started and was a break even player...propping is what paid the bills.

Thats where Im headed, propping, although I have to start at the 5/10 level. Go to classified section on this site and go to the premierprops.com site...they have some online sites that can start u out at 1/2 level, etc.

Michael Davis

02-27-2005, 03:39 AM

"you guys just dont understand,the internet is not where its at....LIVEGAMES...real life LIVEGAMES..thats where the money is at"

This is actually true if you are a mediocre player.

-Michael

beset7

02-27-2005, 04:36 AM

[ QUOTE ]
[ QUOTE ]
If you work hard enough, you can make $150 an hour

[/ QUOTE ]

most people could study the game their whole lives and not be able to do this. I bet <1% of 2+2ers do 150+/hour.

[/ QUOTE ]

I just smelled a wiff of truth.

Daniture

02-27-2005, 04:45 AM

Couple things you need to consider here.

Firstly, I think you said in another part of this thread that you were from victoria. I am assuming you mean as in BC. So that has some direct implications for you.

As a Canadian and particularily from BC a summner job gets taxed out the ass along with the other payroll deductions. Poker has none of those associated costs.

Secondly the Canadian exchange rate right now its 1.24 CAD = 1 USD. Definately needs to be taken into consideration if you're comparing it to a summer job up here.

Did some rudimentairy calculations with a friend and we determined as a guideline for us in canada if someone was to play poker full time that it was a roughly a 2:1 ratio in terms of money made at a real job versus poker winnings.

So as a fulltime poker "pro" if you wanted to win 150$/day that would be roughly equivalent to having a 300$/day job in canada.

Of course as you're student its likely your school fees are gonna be high enough that you're gonna be able to write all of your taxes off like me and not pay a dime.

All things to consider. If you want to try and go "pro" over the summer you definately need to get into a rakeback program. While not much it does provide a earnings boost and a stable albeit small source of guarenteed income.

This month i am expecting about 300$ in rakeback(i have access to my stats). Couple this with 350$ in bonuses in February from just PP and Empire and i have a guarenteed poker revenues this month of 650$

My personal plan is to try and build my bankroll up enough before the end of April to be playing in the 2/4 games, then in May give a shot of going "pro" I figure the same amount of bonuses and about 400-500$ worth of rake return and i shouldn't need to beat the game at a extreme rate to make it happen.

then near the end of May i'll judge my performance and if its acceptable continue with poker. If not then get a "real" job for the remaining 3 months.

Joe Black

02-27-2005, 10:38 AM

Just so you get sense of who is answering you, I've worked with Probability and Statistics since I was 17. I've played in most of the casinos that require a car to get to and not a wire. Over the past 3 years, I've played a lot of hours, even devoting 6 months continuous, during 2003, to studying the cards as they appear, watching techniques, and other phenomena, spurred on by an inside knowledge of computer systems. Here is the advice to making $150 / Day, to a novice.

1.) Realign your sensibilities so they do not get overridden by your dream and obsession. Set you limit lower. As a starter, try to win $10 per day and quit. Seriously, walk-away. It is the habit of walking away that will retain you the last few dollars you won.
2.) Don't get hopeful and think you can hang in there. Get smarter and stronger and leave. Sign-off. Go do something else.
3.) Switch to play money if you just can't stand it. See how strong the pull to win again at real money is for you. If you can't fight it off, you will become the loser in the end.
4.) Don't try for higher money for a long time. You have learned the mechanics, like a dancer learns the steps. You are not ready to turn that into art. You'll know when. After you've been burned so hard, so long and faced your inner demons that sap your control.
5.) Eat and drink and exercise. Everything else is a delussion of luck.
6.) If you can't win, stop playing for real money. You are not a professional, no matter how much you stroke yourself. If you are very lucky, and smart, you never will need to be. If you find yourself in need of the job of playing poker for a living, you're in trouble, unless you've got some cushion. Playing a tight game, continuously, almost always loses at low limits.
7.) Play and lose as many tournaments as you can. Start with free ones. Then try the little dollar ones. You have to grow the player in you and right now you are just a wee one. No books until you can fathom them. They'll confuse you. Just study the players, the bets, the cards and most of all, what you are thinking and write that down, then record what you did and the result. You'll be amazed at how stupid you are. That's why we protect kids. You're an adult. No one will give a rats behind if you fall over an die. Except you.

Regards,

Joe Black

imported_rickhg

02-27-2005, 12:35 PM

If your bankroll is small and you're planning on making $150/day AND SPENDING IT, then you're going to be living with gambler's ruin perched on your shoulder. Losing streaks happen, even to very good players.

I'm not a very good player, but I have managed to make a profit in my first year of online play, as well as in my b&m play during that time. For online play, I started with $200, playing $10 SNGs. At this point, I'm +$1600. Two months ago I was +$2600. One month ago I was $900. It's been a process of two steps forward, one back, two forward, one back, two, three, and so forth. One afternoon in my second month online, I lost a big pot to a better flush at a 2/4 table, leaving $36 in my account. If I actually needed my poker money, I'd be screwed.

I have a head for numbers, as they say, I read and study, I'm very competitive, and I can easily afford every bet I make. And if you sit 3/6 or 5/10, it may be me you're playing against. Don't kid yourself that your task is separating money from an undifferentiated herd of idiots. You should have statistical evidence that you really are a winning player before you start "calculating" how much play will be required to achieve some hourly rate.

As for me, I guess my $1600 works out to < $1/hr. I've done better in b&m games, but that's a tiny sample. (In ~60 hours, I've made about ~$1500.)

Having said all that, I like what someone said about frivolity being the privilege of youth. I wish I'd made bigger mistakes when I was in my 20's. Go broke if that's what you need to do. Maybe you can make a bestselling novel out of the experience. :-)

Loci

02-27-2005, 03:50 PM

I agree, patiently sitting for hours on end playing "idiots" poker(them, not you) at 10+1 on party or ultimate bet could make this a daily win...

Loci

02-27-2005, 03:52 PM

Congratulations, Mike. That's pretty impressive. Furthermore, and in many ways more importantly, I love your avatar.
Keep playing player.
Ez

Loci

02-27-2005, 03:55 PM

[ QUOTE ]
[i bet only 1% of 2+2 players make $150 a day}

[/ QUOTE ]
You base this on what...?

jimymat

02-27-2005, 04:31 PM

"Playing a tight game almost always loses at low limits"

This does not seem correct. If anything it has been my experience that tight aggresive is what gets the money in these lower limit games. The bigger games are where you want to loosen up.

Shoe

02-27-2005, 04:39 PM

[ QUOTE ]
"Playing a tight game almost always loses at low limits"

This does not seem correct. If anything it has been my experience that tight aggresive is what gets the money in these lower limit games. The bigger games are where you want to loosen up.

[/ QUOTE ]

His entire post does not seem correct.

steaknshake925

02-27-2005, 04:55 PM

[ QUOTE ]
His entire post does not seem correct.

[/ QUOTE ]

His entire post is completely wrong.

Joe Black

03-05-2005, 12:30 PM

I noticed a few cowardly responses. Mostly from people who are barely capable to provide an answer longer than 1 line. I grew up with dog scum like this. You might be effective within your own kennel. However, when you actually appear beyond the world of beer swigging and squatting like a dog, you'll find there are people who are not so cowardly as you and your cronies. I one-line invalidation comment. Fart............................ There. I think you'll understand that. Someday, when you're in a real forum where information that is presented, right or wrong, sets the bar for a discussion. Obviously, you're no mental giant. So, I'll expect a one line response. Perhaps you can provide a picture of someone giving the finger. You're cleaverness is next to communicating with a drooling, old man with snot running out his nose, who is trying to put his hand up your sister's dress. Hmmm, after a little reflection, I think I may have pegged who you are. What a crew! Yep, if man was meant to fly, he'd have wings. Or white people is in charge around here! Yes, I think you are coming through very clear. I'm am very sure that you don't have the courage to make any of your ideas into theories or approaches, or even simple ideas and publish them. In fact, I'm going to say that the maximum you are capable of is a simple, ignorant reply. Buh-bye!

Michael Davis

03-05-2005, 09:19 PM

[ QUOTE ]
Obviously, you're no mental giant.

[/ QUOTE ]

[ QUOTE ]
cleaverness

[/ QUOTE ]

[ QUOTE ]
I one-line invalidation comment.

[/ QUOTE ]

[ QUOTE ]
Or white people is in charge around here!

[/ QUOTE ]

I like irony too!

-Michael

pocket10s

03-09-2005, 10:32 PM

ive been playing on PP for alil over 2 years now, and had to invest well over 1000$ jjsut to learn the basics of online poker

so my advise to you is to start off playing low limit games and prepare to lose some money

only time can improve your game... keep going at it and move to higher limit when you build up alil more experience.

and maby then u can make 150$ a day...

housenuts

03-09-2005, 10:47 PM

i lost about $300 before i had any clue what i was doing. then i deposited another $50 and haven't looked back since. i'm fairly confident i'm a winning player just not winning enough to really make it worthwhile as a job.

Bill C

03-10-2005, 10:59 AM

Hi, 'Nuts,

I hope you make your goal. It sounds like a tough row to hoe, to me.
In the fall, be sure to let us know how it went.
("How I spent my summer vacation...") /images/graemlins/smile.gif

Bill C

Jason B

03-10-2005, 02:05 PM

[ QUOTE ]
i lost about $300 before i had any clue what i was doing. then i deposited another $50 and haven't looked back since. i'm fairly confident i'm a winning player just not winning enough to really make it worthwhile as a job.

[/ QUOTE ]

If you only lost $300 learning to play poker, my hats off to ya. When I started almost 10 years ago I will never forget how much I went through. I easily lost close to $1000 or more my first month learning 2-5 hold em. Ouch. Over the years I have become what I would consider a winning player. What I mean by that, is I win more than I lose and I keep records to make sure it is happening.

I have never consider playing for a living or anything of that nature, but I do have a monthly goal I try to acheive playing poker. My goal is simple, I try to make $30 per day every day on the tables. It's small I know, but I have no problems doing it and it affords me to take my family on a vacation twice per year. I always log off as soon as I hit my goal, whether it take 10 minutes or 4 hours. I play only Pot Limit $25 and $50 fyi.

To get back to your original question about making $150 per day, I really think it depends on the player. If I wanted to do it, I have no doubt I could, I just don't have those goals right now. If you plan on playing online I would suggest no less than a 5-10 table for limit or go to pot-limit and no-limit.

KissDeezNuts

03-10-2005, 02:54 PM

If you're just a "student" of the game, you should probably invest in certain books such as the poker theory one by sklansky and really understand which hands are profitable in certain scenarios and is probably just gonna take a ton of discipline to stay within these guidelines. You should really start off at cheaper stakes such as 1/2 and see if you're actually capable rather than blowing a good amount at the 3/6 when you're still just learning. It's definitely possible but you hafta know all angles of the game to maximize your profit. And stick with limits, lesser swings than nl.

Fast Eddy

03-10-2005, 03:03 PM

[ QUOTE ]
Anyone who trusts the claims of strangers on the internet about how much money they make gambling understands nothing about gambling, or the internet, or people.

[/ QUOTE ]

I agree with this to an extent but it's very ironic. If what you say is true, most of what this site is intended for, is illusory. Besides, if what you say is true, how can I believe it?

Zetack

03-11-2005, 10:10 AM

[ QUOTE ]
You can do this easily playing a crapload of hands at .5/1 or NL 25.

[/ QUOTE ]

I don't think easily is the right word for .5/1.00. If you made 3 bb/100 you'd have to play 5K hands a day. I'm not sure that 3BB/100 or 5k hands a day is an easy thing much less both. Achievable? Probably. Easy? No.

--Zetack

mack848

03-11-2005, 11:29 AM

[ QUOTE ]
[ QUOTE ]
You can do this easily playing a crapload of hands at .5/1 or NL 25.

[/ QUOTE ]

I don't think easily is the right word for .5/1.00. If you made 3 bb/100 you'd have to play 5K hands a day. I'm not sure that 3BB/100 or 5k hands a day is an easy thing much less both. Achievable? Probably. Easy? No.

--Zetack

[/ QUOTE ]

Yeah, 80 table hours in a day would be a feat as a one off - let alone regularly.

bigpooch

03-12-2005, 04:20 AM

How easy do you think it is to average $150/day
playing poker?

Very. The keys are:

1) Multitabling: having the right two monitor setup. Most
experienced players should be able to 4-table low limit.
Even easier if one is able to eight-table.

2) Finding a sufficiently satisfying limit and putting in
sufficient hours online. For a $100-200 player, that might
only be just a few hours as long as the games are going.
For a $2-4 player, this would obviously be almost like a
full-time job, and for many, not a very satisfying one.

3) Rake kickbacks, bonuses and propping/hosting: if someone
is making almost $100 a day without a rake rebate or reload
bonuses or prop payments, it's only a short hop to $150 a
day.

For a student of the game, and someone willing to
learn, how long do you think it would take them to be able
to make this much per day?

This may be a difficult question and would depend mostly on
the individual. The best candidates would obviously be
disciplined, self-critical, self-motivated, intelligent,
analytical, and not risk adverse.

What do you think would be the best way to accomplish
this goal would be?

Even if someone were to start from complete scratch, the
best way would be to have an expert mentor together with the
right literature and software. Depending on the individual,
and how much time and money he/she is willing to invest, it
could take as little as one or two months, or possibly,
never!

hagel666

03-12-2005, 09:50 AM

[ QUOTE ]
[ QUOTE ]
i lost about $300 before i had any clue what i was doing. then i deposited another $50 and haven't looked back since. i'm fairly confident i'm a winning player just not winning enough to really make it worthwhile as a job.

[/ QUOTE ]

If you only lost $300 learning to play poker, my hats off to ya. When I started almost 10 years ago I will never forget how much I went through. I easily lost close to $1000 or more my first month learning 2-5 hold em. Ouch. Over the years I have become what I would consider a winning player. What I mean by that, is I win more than I lose and I keep records to make sure it is happening.
.
.
.

[/ QUOTE ]

Why lose at all? I haven't lost any of my deposited money to my different poker accounts.

This worked for me, I don't know if it's the best approach, but here is how I learned to play Texas Hold'em poker (without losing any money more than the costs for the books and software):

1. Buy an easy newbie book, Lee Jones is the best book to start with in my mind (then later on you can move on to 2plus2's SSH). Read through the book and understand most of it.

2. Start play poker online with play money, this is of course way different from real money poker but it teaches you the rules and helps you to get the feel of the game. When playing, use the start hand requirements from the book.

3. Then I would buy Wilson's Turbo Texas Hold'em software which is as near as real play you can get playing a "PC-game". Play against some of the lowlimit lineups you find there and play until you win on a regular basis (I actually played a couple of months before real money play).

You will definitely have great use of this software later on when you get better and want to do different simulations/tests - as example try to play certain hands against X number of oppontents or certain hands on certain flops etc.

4. Deposit money at some site and start play at micro limits.

5. When you feel good about your game, memorized your start hand requirements etc. then read Small Stakes Holdem from twoplustwo.com and keep on improving your game.

Btw, Poker Tracker is a great program to help you analyze your game and to learn how your opponents play, what starthands they play, what they bet etc. Keep notes about your opponents. The program can import your notes (from Party poker, Prima poker, Empire, Stars, and more) and then export the notes back when you have edited them in the software.

Good luck! /images/graemlins/wink.gif

/Hagel.

PairTheBoard

03-12-2005, 10:04 PM

I prefer the old fashioned method. Start out with a bankroll of 200 BB in a game you are confident of beating. After building your bankroll to 200 BB for the next limit move on up. Repeat this until you are playing at a high enough limit where the time you are able to play will produce the average earnings of $150/day you are seeking. This process could take several months, several years, or never - depending on your talent and how hard you work to improve your game.

What I like about this method is that it can potentially scale you up to the big time. If you're not interested in such horizens you might look at BonusWhoring. It won't make you your $150/day but you might grind out $10,000/yr from the Bonuses plus some more thousands from the multi-table low limit poker play you work at to earn the bonuses.

PairTheBoard