Making $150/day playing poker

[ravanger]

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

[oreogod]

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]

"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]

[ 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]

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]

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]

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]

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]

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

[Loci]

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


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