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Old 08-02-2005, 01:21 PM
chezlaw chezlaw is offline
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Join Date: Jan 2004
Location: London, England
Posts: 58
Default Re: Before You Quit Your Day Job

[ QUOTE ]
Answer:

#1 $8000/month
#50 $3000/month
#100 $2500/month
#200 $2000/month (probably high)
#300 $1500/month (probably high)

The point is...
Only the Top 200-300 at Party Poker out of 50,000 SNG players...
Are making a "living wage".

You can double that number if you like...
It doesn't change much.

The vast majority of "Pro Poker Players"...
Make an erratic "subsistence living" of $1000-$2000/month.
Do that for 10 years and you'll be a divorced alcoholic.

It's just like day trading stocks...
(Which I have been doing very successfully for 10 years)...
Where maybe 2-3% make a "living wage".

Real life is ultra-competitive.
In "near zero sum" games like stock trading or poker...
You have to be genius level with the right skills and experience...
And that's why 20:1 is about right or even low.

That said...
Best of luck to you...
Everyone should follow their dreams.

rm+


[/ QUOTE ]

I think you will find that most decent earners are playing ring games, mainly 5/6-max limit holdem for me. I've been making more than $3000 per month for the last 18 months playing part time and, as I said, I'm only reasonably good. Many are earning at far higher rates than me.

Obviously if you don't make enough per hour then going pro is silly. The question is whether or not someone who beats the game for enough should give up the day job.

BTW you do not need to be a genius or anywhere close and I'm not following my dream. Online poker just gave me another option to earn money and its a much better option for me than a conventional job.

chez
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