Profit Potential - Convincing dad that poker isnt so bad

raptor517 · #1 04-09-2005, 12:37 PM

ok, there have been quite a few posts in the last few days about convincing the parents/family/girlfriend, whatever, about playing poker and how it has some huge profit potential. so, im going to do everyone a favor and break down some numbers to make things very easy.

ok, lets assume a player is 8 tabling the 109s full time, 40 hours per week. yes, this will require some bankroll, but it will be well worth it, you will see. 8 tabling running consistently, you can get in 12 sngs per hour no sweat. that means that you can put in 480 sngs per week, 1920 per month,(4 weeks) or 24960 per year(52 weeks). thats assuming no time off or anything, so lets go ahead and knock off 3 months, which should help us with vacation time, lazyness, etc. thats 19200 per year (40 weeks). with a THREE MONTH BREAK. remember, you dont have to work weekends either, 40 hours a week.

ok, lets assume the player has a 10k bankroll. we want a very small ror here. assume the player has a 5% roi. only 5% you ask? yes, this is to show profit potential over the course of the year. your results, if you are a serious player, should be MUCH better. at 5% roi, you make 5.45 per tournament. reasonable, yes? well, thats 2616 per week, 10464 per month(4 weeks), and 136,032 per year (52 months). yes yes, but you are lazy, and want that summer, ok fine, 40 months a year gets you $104,640.

wow, that should open up a few people's eyes. yea, 136k with a 5 percent roi taking a 3 month vacation and only working during the week. are we forgetting something? of course we are [img]/images/graemlins/wink.gif[/img] it gets better. there is a lovely thing we like to call rakeback. ah yes, rakeback. at 28% (very reasonable) you make 2.52 per tournament. thats 1209.60 per WEEK, 4838.4 per MONTH(4 weeks), and 62,899.20 per YEAR. in RAKEBACK. ding ding ding. pure profit. oh yea, but you are lazy, and want a 3 month break in the summer. ok, fine, 48,384 per year in rakeback.

you should be putting a few things together at this point. yes, working 40 hours a week, having a 3 month vacation time thrown in there, at a FIVE PERCENT ROI, you can make.. wait for it.. $153,024 per year. WOWOWOWOWOWOW. yea, thats right. try letting your parents dissaprove now. bwahahahaha

valenzuela · #2 04-09-2005, 12:42 PM

You lazy kid what if the poker boom stops, I didnt put you in one of the best schools in the country so you play poker, ur older sister is going to graduate from medicine this year on the best college in Chile, and how about ur other sister shes studying economy on the best college of the country as well, me and ur mother have masters and 20 years ago we had nothing, u owe us everything so no fcuking way u play poker!!!!!!!!!!!.
How do u answer to that?

DonButtons · #3 04-09-2005, 12:52 PM

he didnt say 40% roi, 5% is not that hard to maintain, im pretty sure thats being pretty reasonable for the sake of easy #s to compute. Im sure 10%-15% is his real roi, maybe higher.

Now move up to the 200s, with these #s., easy millions...