Bankroll needed to live
The amount of bankroll you "need" to live on is dependent upon the kind of games you play, where you play, and how you see money. If you see a $1200 bet as a 53" tv...then you should probably go teach gym at an elementary school.
Johnny Chan said he sat down at a table 5/10 NLHE with $300 and the rest as they say is history.
Also it is important to note that the top players play cash and multi table tourneys, you need both games to make a living in my opinion.
So taking all of that into account:
Lets look at the numbers!
How can YOU make $4,000 in a month at poker? Is it live games? single table sngs, multi table tourneys?
YOU NEED TO PLAY WHEREVER, WHENEVER, KNOW WHEN TO WALK AWAY, HAVE PATIENCE, NOT PLAY AT TOO MANY TABLES, KEEP THE DISTRACTIONS TO A MINIMUM (AT HOME).
I WOULD NEED A book in order to expalin or really it would be better if you found someone who is doing it and emulate what they do what they play..take at least 10x the big blind to any cash table..and dont risk more than 10% of your bankroll on any tourney.
If you are looking to make money online i suggest looking at chris fergusons 0 to $10,000 challenge commentary on Full Tilt.
here is some of it:
Starting with nothing but a Full Tilt Poker
account, Chris played in Freerolls
until he earned enough to graduate to games with real-money buy-ins. From that point on, he adhered to a strict set of guidelines to build up his bankroll:
- He never bought into a cash game or a Sit & Go for more than 5 percent of his total bankroll; the only exception was at the lowest limits: he was allowed to buy into any game with a buy-in of $2.50 or less
- He didn’t buy into any multi-table tournaments for more than 2 percent of his total bankroll; the only exception was $1 MTTs
- If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represented more than 10 percent of his total bankroll, he had to leave the game when the blinds reached him
Getting started wasn’t easy. In fact, it took more than seven months of steady play until he got his bankroll to stabilize at about $6.50. Undaunted, Chris maintained his discipline and dedication and continued with his challenge. Then, on November 26th, 2006, Chris made a major breakthrough. He turned a $1 tournament buy-in into $104 in prize money when he finished second in a 683-player tournament. Even with that huge bankroll boost, it still took Chris nine more months of hard work to reach $10K. But because he strictly adhered to the bankroll management strategy that he’d set for himself, Chris achieved his goal the following September.
To learn more about how you can turn good play and patience into thousands of dollars, check out Chris’s Pro Tip on bankroll management
. Remember that when you play in a game or tournament that is above your head, you are putting your entire bankroll at risk. If you plan ahead and play smart, you’ll be able to survive any bad beat or tough run without being crippled. Chris Ferguson knows this – he's done it."
GL AND HAVE FUN................NOT EVERYONE CAN BE A PRO PLAYER AND IF YOU FIND THAT YOU ARE NOT WINNING...PLAY FOR LESS MONEY...AND JUST MAKE IT A HOBBY AND NOT A LIVING!!!