Can you make a living playing poker at casinos starting with $50?

[babydrago9]

Only if you put it on a number on roulette and then played with the winnings! Poker is too high variance to try to make a living with just £50, that's a buy in for a tournament and just enough to sit at a cash game if the low stakes are running, unless you get really lucky in your first tournament, 50 isn't anywhere near enough.

 

[rodrigoudf]

very hard but not impossible

 

[jcrockoo7]

I just want to thank everyone for their as advice.

 

[jcrockoo7]

I just want to thank everyone for their advice.

 

[Blue_Fossil]

Here’s how:
Get to Vegas. Tomorrow morning at 10:00am, there is a $40 tournament at Mandalay Bay. For $5 more, you can add 1000 chips. That leaves you $5 to tip the waitress. The average first place finish earns $500, and the tournament lasts about 3 hours. So if you win that, you’ll have $500 bucks in your pocket by early afternoon. Actually, you’ll tip the dealers $50, so you have $450 left.

Get some lunch ($15) and head to The Venetian (probably a $15 cab ride). You now have $420 left. Event #51 of The Venetian’s “Deep Stack Extravaganza” starts at 7:00 pm, with a $300 buy-in. It’s a “Survivor” tournament, with the top 10% of finishers each winning $2500. So this one, you don’t even have to win – just finish among the top 10%.

You’re now flush with cash. Spend $100 on some food and a hotel room. Take Monday off to catch your breath. Buy a $29 ticket on the Vegas to Los Angeles Shuttle for the LA Poker Classic. You can get a room for about $50 bucks a night at a few places near the event – but you’re going to be here awhile, so set aside $750 for the room, etc. for 10 nights. You have about $1600 to work with, now.

At the LA Poker Classic, you have a couple of options. There is the 100k Guaranteed on Tuesday afternoon – or you can play a few satellites to the main event. I think playing the 100k is your best bet. Invest the $1100. Winning that, you may pocket as much as $30,000. You now have enough to cover the buy-in ($10,000) for the Main Event, which starts on 2/28/15. Take Wednesday off, but plan to play $250k guarantee on Thursday. To be conservative, figure on just a min-cash there – but with a buy-in of $5250, your min-cash gets you over $10,000.

So you’re up to about $35 grand now. You’ll need $10k to buy-in to the main event. Last year’s winner netted just over $1 Million. Win this year’s Main Event, and you can figure on a $1 Million+ payday, too.

So in just a little less than 3 weeks, you can turn that $50 into a lucrative poker career. Oh, but don’t forget about taxes….you’ll pay over $400k in taxes on your winnings, but that still leaves you plenty to work with.

 

[dj11]

Hello community. Is it possible to make a living playing poker at casinos starting with $50? I would really love your help on this.

NO. You would have to get extremely lucky on your first trip. Like lotto lucky.

At bare minimum, you would want many (number varies around here, but figure at least 20) buy-ins in reserve.

 

[jcrockoo7]

I have 600 now. Is this sufficient enough to start with? I really would love to hear your advice on this.

 

[rytciaq]

That's a really tall order you've set up to yourself... The answer is definitely no. On paper it seems possible, but it's not.

 

[jcrockoo7]

Here’s how:
Get to Vegas. Tomorrow morning at 10:00am, there is a $40 tournament at Mandalay Bay. For $5 more, you can add 1000 chips. That leaves you $5 to tip the waitress. The average first place finish earns $500, and the tournament lasts about 3 hours. So if you win that, you’ll have $500 bucks in your pocket by early afternoon. Actually, you’ll tip the dealers $50, so you have $450 left.



Get some lunch ($15) and head to The Venetian (probably a $15 cab ride). You now have $420 left. Event #51 of The Venetian’s “Deep Stack Extravaganza” starts at 7:00 pm, with a $300 buy-in. It’s a “Survivor” tournament, with the top 10% of finishers each winning $2500. So this one, you don’t even have to win – just finish among the top 10%.

You’re now flush with cash. Spend $100 on some food and a hotel room. Take Monday off to catch your breath. Buy a $29 ticket on the Vegas to Los Angeles Shuttle for the LA Poker Classic. You can get a room for about $50 bucks a night at a few places near the event – but you’re going to be here awhile, so set aside $750 for the room, etc. for 10 nights. You have about $1600 to work with, now.

At the LA Poker Classic, you have a couple of options. There is the 100k Guaranteed on Tuesday afternoon – or you can play a few satellites to the main event. I think playing the 100k is your best bet. Invest the $1100. Winning that, you may pocket as much as $30,000. You now have enough to cover the buy-in ($10,000) for the Main Event, which starts on 2/28/15. Take Wednesday off, but plan to play $250k guarantee on Thursday. To be conservative, figure on just a min-cash there – but with a buy-in of $5250, your min-cash gets you over $10,000.

So you’re up to about $35 grand now. You’ll need $10k to buy-in to the main event. Last year’s winner netted just over $1 Million. Win this year’s Main Event, and you can figure on a $1 Million+ payday, too.

So in just a little less than 3 weeks, you can turn that $50 into a lucrative poker career. Oh, but don’t forget about taxes….you’ll pay over $400k in taxes on your winnings, but that still leaves you plenty to work with.

Thank you so much for your advice. I'm in Miami, so i have to get to Vegas. I have $600 to work with now. I really want to have a huge career in poker. I want to someday play with people like Phil Ivey. I would love to hear any more advice on this from the community.

 

[Dangerboy]

Impossible. I say this from experience! A lot of money can do a lot. A little money goes to the common

 

[jcrockoo7]

I wish one of the poker Gods could take me under their wing, lol.

 

[Blue_Fossil]

Poker is an endeavor that values a strong understanding of odds and probabilities, so you certainly know that you're better off buying 25 Powerball tickets with that $50 than you are trying to embark on a poker career.

However, if you have $600 and a job, that is a different story. You can then invest a percentage of your disposable income to your poker endeavors without the risk of ending up destitute.

 

[Poker Orifice]

For an experiment >>> Try it out online first!
Start out with 60cents or '30bbs' (I don't think you can sit at 2nl with less but am not sure your $50 on $1/$2 would be comparable).

See if you can make a go of it.

Good Luck!

(I'm going to go try right now & will return with my results. I might have more of an advantage than you as I've played ~1million hands but I'm going to need to get lucky so maybe there's no advantage at all??)

 

[Poker Orifice]

started with fiddy

 

[KNGDuceDropa]

You can profit. But not make a living unless you go on a very very lucky streak

 

[Poker Orifice]

$50 is not enough to sit at the table. Are you talking about cash games? You would need at least $200 to decide to play for 1 night (even then you might only last an hour) - can't even think about making a living.

idk....

$84 in less than an hour so far...

 

[SavedByLeBell]

I'd have to agree with most people. You will need a min of $100 just to sit down, and as most would agree you don't really wanna sit down with the min buy-in anyway. I'd say between 400-500 is a good starting point but not necessarily enough to make a living.

 

[kabrouto22]

I tried that myself a couple times but it didnt work out.Its nearly impossible to pull this one off.

 

[cotta777]

You need to run well, im confident I could make 800 off 50 in a casino but it may take weeks.. Providing you get to a £ 300 roll within two or 3 sessions, then maybe you take a chance at a bigger stake buy in for 300 get one or two big hands your laughing.

600 you now need to be realistic you cannot spend that money.

 

[pokahqueen623]

Maybe not a living.

But it is certainly a start to try and build a little bankroll to play with. I actually play freeroll's a lot at ACR and have like $29.00. I play live and mainly $50.00 buy-ins. Been playing for about three months, once a week. Cashed three times. I am ahead, so I feel if you are disciplined you could build a bankroll to play and have fun, but not a living. PQ:elefant:

 

[Frank Burnette]

I don't think you could have started at casinos 50 years ago with $50 and made a living. You'd probably have a better chance spending $50 on powerball or mega-millions. However, you might try starting online poker with $50 and try to build from there. Good luck.

 

[Poker Orifice]

up Up UP!!! (40x my bankroll starting at 'fiddy')

 

[jcrockoo7]

For an experiment >>> Try it out online first!
Start out with 60cents or '30bbs' (I don't think you can sit at 2nl with less but am not sure your $50 on $1/$2 would be comparable).

See if you can make a go of it.

Good Luck!

(I'm going to go try right now & will return with my results. I might have more of an advantage than you as I've played ~1million hands but I'm going to need to get lucky so maybe there's no advantage at all??)

Can't wait to see the results. Good luck

 

[satirist]

I have seen someone turn $50 into $1100 online in a little under a month, but that's playing $200 in games per day, with around a 67% win ratio. In person, I'm sure that there have been some who have made small fortunes in a single hand and in the same day, they lost them. My advice would be to reach a little bit higher with a few more buy-ins than even $600. It isn't necessarily impossible, however, it is, by necessity, improbable.

 

[bunetae1986]

50$ hard. Maybe 500$ and if there is 500 player min. and you are at FT.