Why aren't we all Millionaires?

[chucklhead]

Howdy,
If your winning just 1 big bet per hour, and you use 300 big bets to determine your playing limit, you should be able to move up after every 300 hours of play. If you play 40 hours a week, you should move up about every 2 months. Why is it then that many players are still playing at the lower limits? Is it because they find a level that they can no longer make a profit at? As a professional, does the cost of living keep you from moving up? Are there not enough high limit games available on-line? I ask as my meager $30 on-line buy in has developed into a still meager, but more respectable by comparison, four digit bankroll. The recent discussion on bankroll requirements for playing multiple tables got me to thinking that I would rather play one 15-30 game that I could really concentrate on, than six 2-4 games.

Just wondering, currently I play for fun, so enjoy the game enough to sit and concentrate while not in the hand,
Chucklehead

[Cubswin]

Why is it then that many players are still playing at the lower limits?

I cant speak for anyone else but the reason why i still mostly play lower limits is because i am not comfortable losing 500-1000 in a session. I know i can beat much much higher games but why bother when the lower limit games are so profitable. Playing 3 tables at 2/4 is worth over $25 an hr for a good player...tax free. Also many find that playing 2 or 3 tables keeps them disciplined because there is not alot of down time. If there is a really juicey game at a higher stakes ill go for it... if not ill settle for three juicey ones.

Regards
Cubwins

[crockpot]

first, limits only go so high online. second, if you really think you can move up from 2/4 to 100/200 and still win at the same rate, you are one hell of a lot better player than i am. the bottom line is that the money in the game has to come from somewhere and the 100/200 game just doesn't have many fish willing to lose $1k/hour.

[lostinthought]

One thing that has kept me personally from moving up is because of cashing out.. I've been paying off loans with my winnings, but keep a large enough bankroll to play in the 2-4 to 5-10 range.. I'm happy taking the time to master these games and have something to show for it..

[ResidentParanoid]

This Post may help answer your question.

[Kurn, son of Mogh]

Playing 3 tables at 2/4 is worth over $25 an hr for a good player...tax free.

Like any other income, it's only tax free as long as you can hide it from the IRS.

[Piers]

[ QUOTE ]
it's only tax free as long as you can hide it from the IRS.

[/ QUOTE ]

Or live in a gambing winings tax free country.

[Cubswin]

[ QUOTE ]
Or live in a gambing winings tax free country.

[/ QUOTE ]

I dont think this is enough....wouldnt you have to be a resident of that tax free country and not just live there?

[Drunk Bob]

Nit pick or maybe pick a nit. [img]/images/graemlins/cool.gif[/img]

[Vehn]

a) People aren't that good.

b) People overestimate their abilities.

c) People aren't patient enough to build a bankroll.

I have been playing some Party 15/30 the past week. There is absolutely no reason other than bankroll concerns for anyone who can win 1 bb/35 hands at 5/10 to not be playing this game.