This is a discussion on How much is really enough for a bankroll? within the online poker forums, in the Online Poker section; Say that you want to make enough to live on from online poker. How much of a bankroll do you really need to maintain? And
Say that you want to make enough to live on from online poker. How much of a bankroll do you really need to maintain? And for that matter, if you ARE making your living from poker, online or not, what exactly do you do in the event that you lose your bankroll anyway? I can't seem to get my head around this.
It doesn't matter what you can do--what matters is what you will do.
re: Poker & How much is really enough for a bankroll?
The issue for professional players is, they "tax" their bankroll by making regular withdrawals to pay bills, and this is essentially the same as lowering your winrate. With a lower winrate downswings can have a larger magnitude, and you obviously also need to win enough to pay for your cost of living.
If you only win 1.000$ per month, and your cost of living is 2.000$, then no amount of bankroll will protect you from eventually having to find some other source of income or reduce your cost of living. Even if you only *just* win 2.000$, downswings can get indefinitely large and last forever.
So before even considering to quit your job and go full time professional, you should be d.... sure, you can even win enough to sustain the quality of life, that you want. You also need to think about, if you will still enjoy grinding 10 years from now, and if not, then what is the plan, when and if you get burned out? Finally there is the issue of games changing, which mean, that someone being able to win X amount of dollars now, might not have that ability 10 years from now.
A lot of early pros realised that the hard way, when online games started to become much tougher around 10 years ago. And today we have the whole issue with real time solvers, AI programs and so on and so forth, which make the future of high stakes online games somewhat questionable.
Then you could move to the live curcuit of course, but even without considering the current impact of COVID19, that involves a lot of travel, at least for tournament players. And if the plan is to grind cash games daily in your local casino, that might also get old after a while, and you still have expenses for food and drinks in the casino. This is all something, that needs to be considered before going pro, and for most people its probably a better idea to keep poker as an enjoyable side hustle
It always depends on the particular case, there is no general, I would be happy and could make a living from poker with only $ 1000 a month, of course I find it very difficult since I could only have a bankroll of about $ 30