SNGs: At level(buy-ins) can you make a living at?

[Desdia72]

at what level of SNGs does your ITM%/winnings start to constitute or represent an income worth living off of?

does it start at the $10 level with a consistent rate of cashes or does it start in the 20s, the 30s, or higher?

[Cptkernow]

It depends on what standard of living you aspire to.
Based on playing two tables at once with a win rate of 45% and playing about 5 hours a day I would propose the following to be true.

30s = existing
50s= begining of a living
100s= Above average wage
200s= You are rich.

[Desdia72]

[ QUOTE ]
It depends on what standard of living you aspire to.
Based on playing two tables at once with a win rate of 45% and playing about 5 hours a day I would propose the following to be true.

30s = existing
50s= begining of a living
100s= Above average wage
200s= You are rich.

[/ QUOTE ]

what do you mean by 'EXISTING' and 'BEGINNING OF LIVING'?

[Rick Diesel]

Assuming that you play 8 hours a day for 200 days a year, and 2 SNGs at a time.
Also assuming a ROI of 25%, which anyone who plays SNGs for a living should be able to maintain.

$22 SNGs - approx. $20,300 per year
$33 SNGs - approx. $31,000 per year
$55 SNGs - approx. $52,800 per year
$109 SNGs - approx. $106,800 per year

Rick Diesel

[Cptkernow]

existing= just getting by
the begining of a living = Earning a living but only just

[BradleyT]

[ QUOTE ]
at what level of SNGs does your ITM%/winnings start to constitute or represent an income worth living off of?

[/ QUOTE ]

At the level where your GF stops telling you how to play.

[eastbay]

[ QUOTE ]
at what level of SNGs does your ITM%/winnings start to constitute or represent an income worth living off of?

does it start at the $10 level with a consistent rate of cashes or does it start in the 20s, the 30s, or higher?

[/ QUOTE ]

Desdia,

A friendly wake-up call: if you can't figure this out for yourself, you aren't going to get there at any buy-in. This is just too straightforward a calculation not to be able to do it for yourself. Not to mention that "income worth living off of" can vary by something like 5x or more depending on expected standard of living and local economy.

eastbay

[Desdia72]

[ QUOTE ]
[ QUOTE ]
at what level of SNGs does your ITM%/winnings start to constitute or represent an income worth living off of?

does it start at the $10 level with a consistent rate of cashes or does it start in the 20s, the 30s, or higher?

[/ QUOTE ]

Desdia,

A friendly wake-up call: if you can't figure this out for yourself, you aren't going to get there at any buy-in. This is just too straightforward a calculation not to be able to do it for yourself. Not to mention that "income worth living off of" can vary by something like 5x or more depending on expected standard of living and local economy.

eastbay

[/ QUOTE ]

i wanted to here what others had to say. factors such as ITM% and ROI can have a huge impact on what could be considered 'LIVABLE'. instead of stating the obvious, why not just answer the question like the others? if not, bypass it altogether.

*Brad T: this is not a cheapshot forum*

[BradleyT]

There is no standard answer.

If you can get a 50% ROI on the $10 SnG's that's better than a 20% ROI on the $20 SnGs but still not livable.

Sounds like your GF probably makes you pay for everything too, so I would say you'd need to play at least the $50's and have a 30%+ ROI. So you'd be making $15 per SnG. Do you have enough time to play at least 10-20 of these per day and still maintain that ROI? Are you even good enough to get that high of a ROI in the $50's?

If the $50's are too hard then you will play the $30's. A 30% ROI there is only $9 per SnG meaning you have to play 50% more to equal the ROI at the $50's.

What about the $100's? All you need there is a 15% ROI to equal a 30% ROI at the $50's. Is that easier to attain? Sounds like it would be!

And the big daddy $200's? A mere 7.5% ROI is all you need to equal the 30% at the $50's. That sounds like the easiest of all doesn't it?

Now what about bad runs? Say you start the $200's with a $5,000 BR and run pretty bad for a month. Sure you're winning some but you're also losing a lot. That BR would be wiped out much faster than if you were playing the $50's.

Like I said, there's really no standard answer although I can tell you anything below the $30's isn't going to accomplish what you want.

[Desdia72]

[ QUOTE ]
There is no standard answer.

If you can get a 50% ROI on the $10 SnG's that's better than a 20% ROI on the $20 SnGs but still not livable.

Sounds like your GF probably makes you pay for everything too, so I would say you'd need to play at least the $50's and have a 30%+ ROI. So you'd be making $15 per SnG. Do you have enough time to play at least 10-20 of these per day and still maintain that ROI? Are you even good enough to get that high of a ROI in the $50's?

If the $50's are too hard then you will play the $30's. A 30% ROI there is only $9 per SnG meaning you have to play 50% more to equal the ROI at the $50's.

What about the $100's? All you need there is a 15% ROI to equal a 30% ROI at the $50's. Is that easier to attain? Sounds like it would be!

And the big daddy $200's? A mere 7.5% ROI is all you need to equal the 30% at the $50's. That sounds like the easiest of all doesn't it?

Now what about bad runs? Say you start the $200's with a $5,000 BR and run pretty bad for a month. Sure you're winning some but you're also losing a lot. That BR would be wiped out much faster than if you were playing the $50's.

Like I said, there's really no standard answer although I can tell you anything below the $30's isn't going to accomplish what you want.

[/ QUOTE ]

very informative answer, without taking to the GF level.