How big a prize would you have to win to quit your job and become a pro?
teepack
Legend
Bronze Level
Investing in a business is not a sure thing. Probably a little more safer than trying to be a poker pro, but nothing is a sure thing.
P
ph_il
...
Silver Level
If it has to one big prize, it'll have to be in the millions, at least 3+ million before I could even consider going pro.
You have to think of other things like taxes, what you spend your money on-I'd like to buy a home, treating friends and family. Also, consider travel expenses and MTT buy-ins because I'm sure you'll want to play more; unless you're sponsored, then they usually take care of that.
You have to think of other things like taxes, what you spend your money on-I'd like to buy a home, treating friends and family. Also, consider travel expenses and MTT buy-ins because I'm sure you'll want to play more; unless you're sponsored, then they usually take care of that.
CincyTim83
Rock Star
Silver Level
Honestly, its not about "one big score" to become pro. Yeah you can win say 200k in a tournament but after taxes, bills, family if you have kids and a wife like me. You still have a nice chunk left but its not enough to go do the whole tournament circuit.
If you can have a good head to stay in BRM, which will be vary difficult seeing that you just boosted your rool by 100 plus times. Sure you can probably quit your job enjoy life for a little bit. But STAY IN YOUR LANE! Don't go directly to WPT'S or anything. play your local casinos where the buy ins like at the most what 500$.
Bottom line you have to prove you can withstand a few losses and i rather lose a grand instead of 20 dimes!
If you can have a good head to stay in BRM, which will be vary difficult seeing that you just boosted your rool by 100 plus times. Sure you can probably quit your job enjoy life for a little bit. But STAY IN YOUR LANE! Don't go directly to WPT'S or anything. play your local casinos where the buy ins like at the most what 500$.
Bottom line you have to prove you can withstand a few losses and i rather lose a grand instead of 20 dimes!
T
Thenextbigthing
Enthusiast
Silver Level
Yea it's not about money it's about your skill level you can win a major tourney on luck there's a lot of one hit wonders out there that's why tournament poker is so popular anyone can win I know a guy who got lucky and cashed 500k and two years later hes playing charity poker events for 100 bucks cause he lost everything trying to be a big shot at the high stakes cash games.
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Zorba
27
Platinum Level
I would stay in my job that I enjoy a lot and keep playing as a recreational player and play the Aussie Millions every year.
) but it'd be fun trying.
G
Game_Gran
Rock Star
Silver Level
Costs
It would have to be a lot of money - lottery jackpot kind of money! If you moved to Vegas where there is plenty of poker action or California were there are plenty of card rooms you could cut down the overhead which is really where all the expenses are if you are not good enough to keep a steady stream of winnings coming in.
You would dump a bundle on initial living expenses. Las Vegas would be my choice here as housing in Vegas is way less expensive than housing in CA. But, if you weren't around a place where all the action is the travel expenses, living expenses, etc. will quickly eat a giant hole in your budget.
Finally, the life of a poker pro is not for everyone! Kiss day time activities good by for the most part since that's when you will be sleeping. Although the money is there for the taking in high stakes cash games, you better be good, really good, to come out on top. Tournament play, week after week, will wear you out!
If I did win the lottery I would play higher stakes tournaments and move up to higher stakes cash games but still for entertainment! Life of a poker pro is not for everyone!
It would have to be a lot of money - lottery jackpot kind of money! If you moved to Vegas where there is plenty of poker action or California were there are plenty of card rooms you could cut down the overhead which is really where all the expenses are if you are not good enough to keep a steady stream of winnings coming in.
You would dump a bundle on initial living expenses. Las Vegas would be my choice here as housing in Vegas is way less expensive than housing in CA. But, if you weren't around a place where all the action is the travel expenses, living expenses, etc. will quickly eat a giant hole in your budget.
Finally, the life of a poker pro is not for everyone! Kiss day time activities good by for the most part since that's when you will be sleeping. Although the money is there for the taking in high stakes cash games, you better be good, really good, to come out on top. Tournament play, week after week, will wear you out!
If I did win the lottery I would play higher stakes tournaments and move up to higher stakes cash games but still for entertainment! Life of a poker pro is not for everyone!
N
NKGB13
Legend
Bronze Level
Honestly, when I start to constantly make at least 3k per week then I will start thinking in quit my job to only play poker.
I'm a fish in micro games, what would that be if Luckly I play well and earn a million on some game. And then move to highstakes ones..
I don't think I would last a month with my 1m bankroll
I'm a fish in micro games, what would that be if Luckly I play well and earn a million on some game. And then move to highstakes ones..
I don't think I would last a month with my 1m bankroll
starting_at_the_bottom
Legend
Silver Level
Would not go pro no matter how much I won as I am not good enough to win enough money at poker, and thats the most important factor.
Obv if I won over £1,500,000 I would quit my job and buy some rental properties & put my feet up all day (and still grind 4nl).
Obv if I won over £1,500,000 I would quit my job and buy some rental properties & put my feet up all day (and still grind 4nl).
MoeJurphy
Legend
Silver Level
If you luckily got a big score and not a winning player best bet is to enjoy the money as a plus to your life. The only way a player would choose to become pro is after being a constant winning player for a large amount of time slowly moving up stakes comfortably to your bankroll until you reach high stakes and still winning more than loosing.
You cant become a pro footballer because you've won 1 big game and no others.
You cant become a pro footballer because you've won 1 big game and no others.
STL FAN
Rock Star
Silver Level
The only requirement if I understand the term “pro” is not about money needed, but the filing of a tax return and from this return the government can see the amount won for taxable income, the same way the government can see the money earned from a real 8-5 job for this taxable income.
My coach plays 3/6 limit live for a living and when either the action dries up or needs a break he will get a job, he has over 20 years in retail, currently is working at Wal-Mart, and will help me online then will go back when his break is over. He does this without having to use his bankroll to pay bills. Before a break he grinds then pays the most important bills in advance until his first paycheck.
His process is more about understanding of not just grinding but more options without having to have a certain amount of money to be comfortable to grind out a living. When he is faced with not always having to do the same thing constantly that would simulate a grind from a regular job; the break and doing something else whether he takes a job at Wal-Mart, he has even taken day labor jobs to do other things than grinding poker.
When he is taking a break his bankroll is separate from his other money earned to pay bills, and when he returns to poker the journey continues for him, the options represent the ability to be away from the game without the mental weight of having to perform knowing he is going to return to the tables at some point in time. The time away would simulate a vacation even though he is still working it is something completely different than playing poker and his situation stays the same.
Understanding this approach has led for me to see my own approach because back to the original topic I can now see the amount of money I need is only relevant to the amount of knowledge learned over time. For me this means, I understand the grind from those better than I so, I can start with this information and less of a bankroll to start my journey, then have a part time job to help with paying the rest of my bills. The pressure when I am ready to pursue this journey will have less mental pressure to preform and more of enjoying the game.
The abilities learned will allow the money to take care of itself, if and when I take hits, I can always just work at a regular job if my bankroll no longer can support my plan, until the time I learn more about the game to get better at the game I love. This helps to put my mind at ease instead of thinking I need X amount of money to be “pro”. For me this would simulate a more realistic approach to becoming a “pro”. For now I am still going to school and learning more about the vastness of poker, and working towards a future that is still undetermined.
I believe if I win a huge X amount at one time, logically I would have already had the ability, the income to grind out a living so, any response given is actually pointless because any posting of a response for this question now would simulate I just got lucky to win and would just give my money back because of no real tangible skill to begin with before winning X amount of money that was acquired by playing above my skill level.
My coach plays 3/6 limit live for a living and when either the action dries up or needs a break he will get a job, he has over 20 years in retail, currently is working at Wal-Mart, and will help me online then will go back when his break is over. He does this without having to use his bankroll to pay bills. Before a break he grinds then pays the most important bills in advance until his first paycheck.
His process is more about understanding of not just grinding but more options without having to have a certain amount of money to be comfortable to grind out a living. When he is faced with not always having to do the same thing constantly that would simulate a grind from a regular job; the break and doing something else whether he takes a job at Wal-Mart, he has even taken day labor jobs to do other things than grinding poker.
When he is taking a break his bankroll is separate from his other money earned to pay bills, and when he returns to poker the journey continues for him, the options represent the ability to be away from the game without the mental weight of having to perform knowing he is going to return to the tables at some point in time. The time away would simulate a vacation even though he is still working it is something completely different than playing poker and his situation stays the same.
Understanding this approach has led for me to see my own approach because back to the original topic I can now see the amount of money I need is only relevant to the amount of knowledge learned over time. For me this means, I understand the grind from those better than I so, I can start with this information and less of a bankroll to start my journey, then have a part time job to help with paying the rest of my bills. The pressure when I am ready to pursue this journey will have less mental pressure to preform and more of enjoying the game.
The abilities learned will allow the money to take care of itself, if and when I take hits, I can always just work at a regular job if my bankroll no longer can support my plan, until the time I learn more about the game to get better at the game I love. This helps to put my mind at ease instead of thinking I need X amount of money to be “pro”. For me this would simulate a more realistic approach to becoming a “pro”. For now I am still going to school and learning more about the vastness of poker, and working towards a future that is still undetermined.
I believe if I win a huge X amount at one time, logically I would have already had the ability, the income to grind out a living so, any response given is actually pointless because any posting of a response for this question now would simulate I just got lucky to win and would just give my money back because of no real tangible skill to begin with before winning X amount of money that was acquired by playing above my skill level.
veronica
Visionary
Silver Level
I do not know if it's a high amount to be professional, I think to be a professional you have to keep a line , one must know fold , one must know logout , and setting goals and loss of earnings , I think you live the poker knows it's not a secure future ..
Havik
Visionary
Bronze Level
I already quit my job and play poker. My biggest tourney win was only 3k lol. It's nice hear you have a good job and it sounds like you should stay there.
