If you do own financial conditions to deposit $ 1000 dollars, I cheer you mate! I’m beginner when it comes to tournaments but I can say one thing about bankroll management and psychological condition.Can I make a living from poker with a bankroll of $1000? How to come up with a strategy to earn at least $700 per month? MTT, SnG, or cash games?
I would still keep working, but converting $700 into BRL, it would be 3,500 BRL. I would basically pay all my bills.You want to live on $700 a month?
I won $1,815.00 yesterday at 888poker's MB Festival. And I don't need to withdraw all, I don't need all the money, so I'm going to withdraw $800, and leave $1000 for my bankroll.If you do own financial conditions to deposit $ 1000 dollars, I cheer you mate! I’m beginner when it comes to tournaments but I can say one thing about bankroll management and psychological condition.
If you can make a deposit of 1 k without compromising anything in your personal, financial and psychological life, that’s okay, do it.
I might be wrong but I’m afraid you are a Brazilian such as I am. In Brazil that means nearly $ 5000 reais (BRL), almost 5 minimum wage.
Even if you have the economic conditions and ability to be profitable, I would recommend a smaller deposit and to play lower stakes: you don’t need to begin playing $ 10, $ 15 dollars buy in tournaments.
And if your intention is to produce 1 k playing freerolls that can take a lot of time.
There’s no guarantees unless you are a solid regular.
I'm only going to touch my bankroll when I have a solid, non-risky plan. That's why I made this thread to get your opinion.But don't be cocky and pay attention to your bankroll management
If you have a job don’t quit to go play poker! Wait until you have at least 6 months being profitable.I won $1,815.00 yesterday at 888poker's MB Festival. And I don't need to withdraw all, I don't need all the money, so I'm going to withdraw $800, and leave $1000 for my bankroll.
So realistically you can't. If you applied strict bankroll management - which one must do if they are going to use poker as a stable source of income - means that you wouldn't play anything that would yield enough to wirhdraw and live on PLUS maintain your $1k bankroll. Most say that it's difficult at best to make a living playing $1/$2 NL live in a casino (although not impossible) and you have no where near a bankroll to play $1/$2 NL.Can I make a living from poker with a bankroll of $1000? How to come up with a strategy to earn at least $700 per month? MTT, SnG, or cash games?
hi!! thanks for answering. I was thinking of something like that! I was thinking about playing $5 SnG, and if I'm having a good month, try a mid MTT or satellites for a high buy-in. And I don't play cash games, I just play SnG, and MTTs. And to be honest, my MTT skills improve a lot!Hi there
There isn't any advice that we could give you that would 100% fit your style. You'll need to do some self-research about what games suit your style and what games you regularly do well in. As for me, I like Sit'n'Go's and MTT. I don't always cash, but I regularly get a top 25%. You'd have to figure out how much you return per game, how many games you can play in a month, and do some maths to work out what your monthly income would be.
Straight away you'd need to be averaging ~$23 profit a day to hit your $700 goal. You could hit that in one MTT. Grinding a cash table for the same amount might take longer. If you make $5 profit for every 5 Sit'n'Go's you play, then you'd have to play 15ish a day. These don't take as long, but you'll end up running into the same players more often and they'll start getting better reads on you.
Common advice would be that you play a majority of your poker with only $5 buy-ins a day. Up to $10 a day if you feel confident in your poker skills.
It's also a good idea to think about hitting higher than $23 a day because there will be days you lose your buy-in so you want to account for those losses too. My advice would be to play more MTT because the return is greater, and one good result could mean not having to play for a couple of days because you're well ahead of your goal.
Good luck mate. Keep us updated on what you decide to do and how you're going, because if you're successful, we'll want to do something similar.
Brazil is not a wealthy country dude.You want to live on $700 a month?
I'm not sure how you've come to this ^ conclusion??So realistically you can't. If you applied strict bankroll management - which one must do if they are going to use poker as a stable source of income - means that you wouldn't play anything that would yield enough to wirhdraw and live on PLUS maintain your $1k bankroll. Most say that it's difficult at best to make a living playing $1/$2 NL live in a casino (although not impossible) and you have no where near a bankroll to play $1/$2 NL.
Nobody can tell you because nobody knows your skillset and experience (or willingness to grind it out).Can I make a living from poker with a bankroll of $1000? How to come up with a strategy to earn at least $700 per month? MTT, SnG, or cash games?
In Brazil you can live with $700 a month. Even less.You want to live on $700 a month?
XDBrazil is not a wealthy country dude.
your comment is so white it should go snowboarding
Are you used to play those tables? There are people who play on those tables for years, just be careful with the sharks! I think SnG can be more profitable, just play more than one table to waste less your time.Can I make a living from poker with a bankroll of $1000? How to come up with a strategy to earn at least $700 per month? MTT, SnG, or cash games?