How much money wins on poker to get out of the job??

hgbrd23 · Jul 5, 2020

hey! i think u have to think about building a proper bankroll and some extra money that will be available to for you if you are experiencing a cruel downswing that holds for a month or longer. you dont have a backup income to pay mortage and food and everything else you need to live, like you would have with a 9 to 5 job.
you should also think about costs for healthcare and other monthly payments..
perhaps its the best to start without quitting the normal job fully and play a lot in the spare time b4 u consider to quit your job enterely.
but all if this may vary depending on the country you live in.
another thing to think through is how much tax you will have to pay where you live on professional gambling..

Allyte · Jul 5, 2020

brunonick269 said:
I dont have a very well poker situation, but if you have one positive ROI to wins 700 dolars for month with consistency, would you fire yourself to live of poker??

In Ireland you probably could. Depending on how long you need to play. Social welfare is €886 a month. Don’t know if it’s legal, is gambling work?
Add the two together and you will live fine

Delfino · Jul 5, 2020

Quiting job is very serious decision. I think that 700$ even if it's consistent it not enought. Consider these facts:

1) Playing poker for living is no longer a hobby. It's a terrible grind which you HAVE to do many hours a day - no matter how you feel, if you are on tilt etc., you just have to
2) Poker won't give you medical insurance, paid holidays, paid vacation - you have to subtract all of those from your income
3) Downswings can be devastating because you lose money which you need to pay the bills etc. As others mentioned bankroll management is ma must but still it might be terrible for your mental health
4) Consider the fact that for example tax law might change or poker could be totally prohibited in your country (which happened in many countries in the past), also poker players might got just better on average reducing your payouts

Summarizing - I think living from poker is difficult but doable. But I would still like to have a job which gives me just a basaic salary to pay my bills and buy food. Earning with poker is much better as an additional payout (sometimes bigger sometimes smaller) to make your living better. But quiting job and earning solely on poker requires not only extraordinary skill but also great self discipline.

mtmigmike · Jul 5, 2020

I would quit my job if I won $ 2,000 in poker every month for a year.

KeyJey · Jul 5, 2020

I don’t win big money in poker. Until I reached this level. How to get there it will be seen. Is it worth leaving work

theRaven68 · Jul 5, 2020

for me there is no enough wins in poker to consider quitting my job

Mauriliro · Jul 5, 2020

Quiting the jog is a big decision ...
You need to consider a lot of things before you do this!
Poker is a very tough game and most people will not win in the end. However, for a small percentage of people, being a poker pro can be a very good decision allowing them to live a very good life.

dgroes · Jul 5, 2020

Do you still have a job? If you do, then good for you. You have to take things easily. Playing poker as a source of consistent income is hard for a lot of people. Pursue the endeavor if you think you can play very well. But take good care specially when it doesnt work as planned

1nsomn1a · Jul 5, 2020

Poker is a great hobby that brings great winnings to skilled players, but unfortunately it is a terrible job.

When poker turns from hobby into a professional activity comes the difficult period, as poker may not guarantee a stable income and you have won money becomes your sole income, that changes your attitude, you become less risky, sometimes too careful, afraid to lose a lot of money, start to play skovannie to try to get out of the game as only slightly raised bankroll in plus.

Poker is perfect when you do not think about the money you spend on the game and treat both wins and losses equally. Then you can reach your full potential. Therefore, I recommend switching to professional poker only after you are ready psychologically for all possible difficulties.

binalf · Jul 5, 2020

i would have to win a million tournaments

swerdnase · Jul 5, 2020

I did this for a living for several years and was quite successful but it's not as fun as you think. As others have mentioned, when you HAVE to grind on a schedule, the recreational factor and fun goes away.

As others have also mentioned, downswings are a very real thing so bankroll management and mental endurance is critical. I once ran three weeks losing every single tournament, SNG and cash game I played, and the only thing that saved me was rakeback payouts. Is that something you wanna deal with as your primary source of income?

Depending on where you're from, you might have to pay taxes on your winnings as well. I live in the US, so I self-reported my earnings and paid the government a chunk of my winnings every year. Right now, your $700/month comes on top of your job. Your monthly income is going to be a lot less once you have to subtract things like rent/mortgage, utilities, food, etc. from it.

Even if you don't, $700/month translates to $8400 annually, and where I'm from, that's not gonna get me very far. Obviously, it all depends on your location and life stage, but it seems to me you're a bit far away from doing this comfortably. If you're still curious, just take a week off work and experiment to see if it works for you.

Slav4obaby · Jul 5, 2020

If I win 1million I will quit my job

Luvepoker · Jul 5, 2020

I dont remember who said this but its accurate I think. Poker is a hard way to win easy money. If you were to give up you job and think its just simple winning money you would be wrong. Your job would be poker. There differences are big to. Have a bad 60 hour week of poker and you may win nothing . Bad week at work, well at least you have your paycheck to get you though the week. Then look at some top pro players. One year they make a ton. Next year they may lose money and the 3rd year just break even before having a good winning year in year 4. Would you be able to deal with this?

If I could I admit I would love to play poker professionally. 2 reasons why I dont, I could not deal with the swings of the game as I described above and 2 I am not likely as good as I need to be to play professionally. Actually pretty sure I am no where need that good.

If you decided to try I wish you the best of luck but I have to admit I would not recommend you quite your job to try this.

SillentHunterZ · Jul 6, 2020

Well for my country if i could earn 500$ as a side money i would be happy. Takes years before quitting job and making poker ur main cash income.

619Leafs · Jul 6, 2020

The way I see it, the only win or wins to get out of your daily job is winning a good six figure amount like a quarter of a million.

Ricardo_lhp · Jul 6, 2020

Well, I don't know how things are going around, but here in Brazil, with 700 dollars, I wouldn't be able to quit my job and live off poker. I believe that for those who want to live well exclusively from poker, they will have to make a much larger amount to be able to live peacefully including the variances that the game has.

erik_lima · Jul 6, 2020

700 dollars is not enough. I think even 1k is not worth. Poker as a job should not be fun. You would always have this pressure to play and win. It's better just as a hobbie.

sn0112 · Jul 21, 2020

Perhaps this question can be framed differently since it applies to anyone who is considering quitting their job to pursue a hobby/talent or a side-hustle full-time.

There are a many things to consider:

- Do you have savings to cover 6 months living expenses
- Are you consistently beating, or at least equalling, your monthly job income
- Can you handle huge downswings to your bankroll
- Will you be tempted to dip into your savings for poker
- Can you return to a career later or will quitting ruin all future job prospects
- Is online poker future proof i.e. whats your long-term plan if the bots solve it
- Do you know the format (NLH, PLO) and the games (cash, MTT, SitnGo etc.) best suited to you
- Can you handle the added pressure of playing poker to pay the rent - this will change the entire dynamic of the mental side of poker for you
- Can you work from home/part-time alongside poker to ease the pressure
- Do you have dependents or family relying on a steady, predictable income
- Do you need to demonstrate regular income (from a job) for formal reasons, such as applying for a mortgage

I'm sure that you have considered this and many other factors unique to your situation. It's not a choice that should be made on a whim and I wish you the best of luck.

Yauhenik · Jul 21, 2020

Edgerik said:
It depends on the country, in my country with 500 dollars a month you live well.

there is always little money, there will be 500 dollars, you will need 1000 dollars, and it does not matter where you live

Thiagon · Jul 21, 2020

For 700 not to live off poker because it is a variable thing.
I believe that starting at $ 1,000, I could think about living off poker.

samsonand · Jul 21, 2020

If a good question, someone who is a professional who can express some opinion of how many hours a day of study and practice should be done to be a professional and live from this excellent game.

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perrypip · Jul 21, 2020

https://www.cardplayer.com/poker-news/23753-why-do-so-many-poker-pros-die-broke-part-3

JoseFerreras · Jul 21, 2020

1 Million and I wont play poker ever again.

How much money wins on poker to get out of the job??

hgbrd23

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Allyte

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