Is it possible to earn enough money to live on in $5 buy in sit n gos?

[Tom1559]

When I read his I thought not a chance ansd I see from some of the responses already that the arguements against have already been made. Heed te advice and get a more reliable job.

 

[BelgoSuisse]

my ROI is over 200%

you, sir, are going to be sooooo disappointed when your hot run ends.

 

[KingCurtis]

ACE i did SS you and the only reason your ROI is so hihg is due to one big win..looks like around a 200$ win? other that yes you are still going up in your graph but your roi isnt from consistently play sngs...plus you have less than 400 games played...thats nothing tbh

 

[vanquish]

Depends on what you consider 'living'.

i lol'd pretty hard

 

[feitr]

You'd probably need to 20 table $20+ turbo sngs to get by. I spose that would work out to something like 40 sngs/hr if you had the right setup/hotkeys/scripts to automatically join games, etc. @ 5% ROI + 25% rakeback would give you an average of $1.25/game if the rake is $1 for turbo sngs (no idea). So that would be $50/hr, which should be fine but it would probably be pretty hard to do 5% ROI 20tabling constantly unless you are pretty good so i'd suspect you need to play $30+ most likely (which are still pretty much micro sngs).

$5 sngs @ 4 tables would be like <$5/hr.

 

[tenbob]

According to Chris Fergueson, you can expect to win around 2/3 of your one table sng and around 1/8 of MTT tournaments. I have only played about 100 of the (9) sngs and have made ITM about 90% of the time. I find that if you play 3 games get 1- 1st, 1-3rd, and 1-4+(a loss) then you end up making the amount of the buy- in as profit. A $1 sng pays on average $1 if you play 5 of them you make $5.

Can you live on $5 sngs? Can you achieve the 2/3 win ratio and the 1/3 1st place ratio? Can you still achieve this if you multi-table? Can you still achieve this if you play turbo?

A regular one table sng on FT takes about an hour a turbo take about 1/2 hour.

I think you need at least $100 a day to survive!

So how are you going to get the 20 games in a day:

4 at a time for 5 hours (2.5 for turbo)

2 at a time for 10 hours (5 for turbo)

THESE ARE NOT LOFTY GOALS IT CAN BE DONE IF YOU ARE SERIOUS!

As far as ROI is concerned if you have less than 10% you may need to think about skilling up, leveling down, decreasing the number played simultaneously, or stop playing turbos (my ROI is over 200% look it up if you feel you need to)!!!

There ya go, a $1 player telling you how to make a living, playing sit and go's. You should listen to him.

 

[-Phil Ivey27]

^^^ LOL

 

[Worak]

According to Chris Ferguson, you can expect to win around 2/3 of your one table sng and around 1/8 of MTT tournaments.

Afaik CF is a totally unknown noob who never won anything and has no skills.

2/3 sngs and 1/8 MMT win rate is nearly impossible.

No, wait - I just won one and now I'll start a new stat - wow I'm at 100%.

20% sng win rate and 10% ITM in large MTTs is good imo.

 

[lektrikguy]

Maybe if you live at home and still get an allowance and ride a bike everywhere. Otherwise get a job.

 

[LizzyJ]

Here is a way to find out if you can make a living. Play for 6 months and figure out how much money you made at poker. Is that enough to cover your expenses without hurting your bankroll? Better yet, look how much you made last month, was that enough to cover all your expenses plus increasing your bankroll?

If it's not, don't be disappointed. If you keep progressing maybe in a year or two you will be at the high stakes tables and you'll be able to make a living without any compromises. At this point, maybe concentrate on increasing your BR.

Good luck if you decide to make a make poker your living.


As far as Chris Ferguson's comments about WINNING 2/3 of the SnG's....can someone find that and post the link? I think that might have been taken out of context. The top players are finishing 35% ITM for SnG's and MTT players are doing well if they finish 15% ITM. I think you need a sample size of about 1000 games to see where you are really at. Anyone can go on a heater and catch cards and have their cards hold up on 60/40 races. The real test of a player is how well they handle the 10-15-20 game losing streaks. I'm almost positive I'm not the only one who has experienced something like that. Oh by the way, as good as Chris Ferguson is, he is not immune to downswings. On his $0-$10k challenge he went up to $27k then went on a major losing streak all the way back to $9k. This is Chris Ferguson, I mean CHRIS F'N FERGUSON......$27k to $9k. If it can happen to him, it can happen to all of us.

 

[Wolfe]

I think furgeson may have said something like that as a goal for himself when he took the challenge of building a bankroll from $0 to $20,000 or so on a poker site within a year. As I recall, he was successful but after a few freeroll wins he actually did it by progressing up the limits in cash games.

 

[KMC1828]

this thread is a joke

to better answer your question...no, you WON'T make enough to live on from $5 SnGs. period.

 

[sld2]

Good luck with that, It wouldn't work for me though, variance seems to kick my ass.

 

[PattyR]

Good luck with that, It wouldn't work for me though, variance seems to kick my ass.

one day or the other variance will kick everyones ass lol

thats why you must follow proper BRM to allow such variance

 

[Infamous1020]

Do you think it is possible to earn a living just playing very cheap entry sit n gos at around $5 buy in.
Certainly playing 1 or 2 tables you would not earn enough with the variance but I think it would be possible playing a minimum of 4 tables.

def not lol

 

[Xavier]

plus if you were winning at 5$ sngs while multi tabling, the obv thing to do would be to move up.....

Yeah. That would be my preference. But everyone seems to have stopped playing the higher Sit n gos in the last few weeks. Above $10 it takes like an hour for one to start right now.
I don't know if this is because its wsop season but I sure hope it will turn around fairly soon.

 

[Dorkus Malorkus]

Above $10 it takes like an hour for one to start right now.

umm no it doesn't. not on stars, anyway.

unless you're talking about the 180-man ones or something but even they don't take that long to fill.

 

[Xavier]

If you really want to make a living playing poker, learn cash games and if you ever get to a level where you can crush 100nl / beat 200nl, you could make a decent salary out of it.

To be honest money games bore me to death so I don't think thats really an option for me.
Theres pros who play only tournaments, and some tournament pros are rubbish at cash games.

 

[Xavier]

umm no it doesn't. not on stars, anyway.

unless you're talking about the 180-man ones or something but even they don't take that long to fill.

The 90 player and 180 player are the ones I prefer and seem to be best at, and yes they do take that long to fill up on stars.
Opened a $22 entry 180 player sit n go on Stars 20 minutes ago and there are still only 36 players registered

 

[Xavier]

When I read his I thought not a chance ansd I see from some of the responses already that the arguements against have already been made. Heed te advice and get a more reliable job.

I've been trying to get a job for 6 months but it seems to be close enough to impossible.
I've pretty much had it with how much time I've spent looking for jobs and making a living at poker actually seems the easier option now.

 

[Infamous1020]

To be honest money games bore me to death so I don't think thats really an option for me.
Theres pros who play only tournaments, and some tournament pros are rubbish at cash games.

cash games take more skill to be honest

 

[Infamous1020]

if you really must earn a living now, i really wouldnt attempt to do it with 5 dollar sit and gos.

I mean even if you have a high ROI, its going to be pretty damn hard. Not only are you going to have to have a high ROI youre going to need to put in a LOT of volume. Like 30ish or more at a time..

I would save up til you have a roll.

 

[GeoffLacey]

What are you all talking about? If you actually BECOME boku87 play 50 tables at a time and starting moving up of course you can do it.

 

[tpb221]

cash games take more skill to be honest

Really? Not just a different skill then tourneys? If cash games took more skill then why aren't all the great cash game players winning tourneys? Yes there are a few players who excel at both, but by your logic the good cash game players should dominate the tourneys because the have more skill-but thats not the case.

 

[BelgoSuisse]

Really? Not just a different skill then tourneys? If cash games took more skill then why aren't all the great cash game players winning tourneys? Yes there are a few players who excel at both, but by your logic the good cash game players should dominate the tourneys because the have more skill-but thats not the case.

Really. And it's not even remotely close. The deeper you play, the more skills prevail over luck, and people play a lot deeper in cash games than in tourneys.

Also, there's a lot more money in cash than in tournaments, so there is no huge incentive for the best cash players to play tournaments beyond ego and the extra sponsorship money that comes with name recognition.