Living the life of a poker pro

#1 27th September 2009, 1:31 PM

I thought it would be cool to make a chart of a poker pros financial staff.

here is a chart of pros financials.Check it out.

Did i get it right ? or am i in a fantasy land ?

thanks for the comments.

#2 28th September 2009, 4:17 PM

I don't think its possible to get it right...are you just making this stuff up?

#3 28th September 2009, 4:30 PM

im sure professional poker players make a lot more then $7 profit a month.....

most of them play at a lot higher limits so they will make a lot more profits. exactly how much i dont know but $7 profit seems pretty off.

#4 29th September 2009, 1:15 AM

of coursse...i wanted to show breakeven.

like a decent standart living even involves so much work from my findings.

u need to have 10.000 dolars > safe money

play 100 dolar HU games 25 games. win 14 games lose 11 games.1.5 games goes to rake and 1.5 to yourself.

win 150 dolars everyday which is like more than one game up.

maybe i am doing the calculations wrong, is there a poker pro that can help us ?

#5 29th September 2009, 8:02 AM

I can't help but think....wat?

#6 29th September 2009, 8:48 AM

What the hell are you buying that you absolutely need $3150 a month to live off of being a single guy?

#7 29th September 2009, 8:51 AM

I agree with Mortis? 3k a month for a single guy is insane. Over 100$ a day. Seriously? I don't think that is good money management.

#8 29th September 2009, 2:37 PM

$3150/month includes, but is not limited to the following:

$800 - Rent
$250 - Food
$200 - Utilities
$1900 - Hookers & other fun stuff

#9 29th September 2009, 4:18 PM

Quote:

Originally Posted by Crummy

$3150/month includes, but is not limited to the following:

$1900 - Hookers & other fun stuff

I guess that's where my money went when I was single. lol

#10 29th September 2009, 4:31 PM

Quote:

Originally Posted by Crummy

$3150/month includes, but is not limited to the following:

$800 - Rent
$250 - Food
$200 - Utilities
$1900 - Hookers & other fun stuff

I laughed out loud.

#11 29th September 2009, 8:34 PM

Quote:

Originally Posted by Crummy

$3150/month includes, but is not limited to the following:

$800 - Rent
$250 - Food
$200 - Utilities
$1900 - Hookers & other fun stuff

VNH sir! Maybe a bargain when you look at it that way? Less than $100/day for hookers and fun stuff!

#12 1st October 2009, 12:17 PM

it can be 2.000 on a tight budget i guess.

but still what do think about the 4 percent ROI ?

is it hard to achieve or easy target?

#13 1st October 2009, 1:19 PM

lol, that was funny, the part about the hookers, gave me a good laugh

#14 1st October 2009, 5:20 PM

Quote:

Originally Posted by Crummy

$3150/month includes, but is not limited to the following:

$1900 - Hookers & other fun stuff

This turned into -> $5 - Redtube plus tissue

Seriously though I wouldn't become a pro gambler if you're not making more than a couple times what you are at ordinary work. Being a poker pro seems quite glamorous, but its a lot of hard work after hard work.

And BTW, do you have money set aside for expenses so that you don't have to dig into your BR if you hit a cold streak?

#15 1st October 2009, 7:27 PM

Damn, I cant even imagine $3000 a month spending. I do think some of them do it, but i also think there are a lot of them that play a bit and save more. Especially if youre earning $1M a year, its almost more work to try and spend that than actually save it. Dont get me wrong, Im all about blowing money like Motley Crue, but i want something to show for it when Im in my 30's or 40's.

#16 1st October 2009, 8:15 PM

Quote:

Originally Posted by fajackta

Damn, I cant even imagine $3000 a month spending. I do think some of them do it, but i also think there are a lot of them that play a bit and save more. Especially if youre earning $1M a year, its almost more work to try and spend that than actually save it. Dont get me wrong, Im all about blowing money like Motley Crue, but i want something to show for it when Im in my 30's or 40's.

I'm just surprised you referenced Motley Crue and are not ALREADY in your 30's or 40's...lol

#17 1st October 2009, 10:33 PM

Quote:

Originally Posted by fajackta

Damn, I cant even imagine $3000 a month spending. I do think some of them do it, but i also think there are a lot of them that play a bit and save more. Especially if youre earning $1M a year, its almost more work to try and spend that than actually save it. Dont get me wrong, Im all about blowing money like Motley Crue, but i want something to show for it when Im in my 30's or 40's.

i dunno if it's harder work to try and spend it than it is to save it, but it's a lot more fun!

#18 2nd October 2009, 3:48 AM

Is $1,900 really enough for hookers? If we live on the street, $2,900 can go to hookers

#19 2nd October 2009, 3:54 AM

Making $4.21 per hand is probably a tad high. Depends on the stakes of course, but I mean, even at $1000nl, that's 21.05bb/100.

But as far as I can tell, you're saying this is 100nl, so....
You'd have to run at 210.5BB/100 to win like that.

That's solid

#20 2nd October 2009, 4:15 AM

I see, it's HU Sngs.

Well it looks like the math is off. $100 hu sngs are $100 + $5.

If you play 100 you spent $10,500 on buy-ins.

If you win 57, you made $200 * 57 = $11,400

$11,400 - $10,500 = $900 profit for an ROI of 8.57%

Another way to look at it is as follows:

You won 57 times. Each time you win its a profit of $95. You won the opponent's $100, but paid $5 in rake. So you won $95*57 = $5,415

You lost 43 times. Each loss was $105*43 = -$4515

$5,414 - $4515 = $900

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