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General Poker
Minimum Limit You Can Play To Make A Living
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[QUOTE="Mase31683, post: 2437027, member: 44869"] This is what I've got on playing for a living, keep in mind my perspective is as a live player. 1) You absolutely do need 6 months of bills up front. I guess this is all about your standard of living but I spend the crap out of money. So six months of bills is a lot. This also means the first few thousand dollars I earned every month goes into my rent/bills fund. I don't start earning money for my roll until I've put away the next month's money. For me, this was a peace of mind thing. I honestly somehow went through my time without a single losing week, let alone month. But knowing that I was covered for 6 months allowed me to not ever even think of needing to worry about paying a bill. I just went and did my thing with no worries. 2) Haven't started talking about the taxes. As people mentioned, you're getting your soul owned by taxes. And pre-tax dollars don't pay the rent. At least I hope they don't, I didn't have a tax lawyer and I probably should have. Anyway, I liked what Harrington said in one of his books, and it hit home for me. I like to invest, and I'd rather pay taxes on my winnings now and be able to do what I want with my money not having to worry about getting audited or needing to hide funds. 3) It can be really hard if you have a wife/girlfriend. That's actually what drove me away from poker (girlfriend), but now we're done and my wife is fully on board with me going back to it because she is amazing. However, I don't know if everyone's significant other/family will be cool with the lifestyle. When I was playing, my normal week was Wednesday-Sunday. I took Monday/Tuesday off cuz they were slower days, and you're working a kind of 2nd/3rd shift hybrid. I'd generally aim to get to work between 3-5 PM and could be there anywhere from just a few hours if tables weren't great to my longest session was a little over 36 hours. Normal long sessions would be more like 12 hours though, that one was just insane. This can put stress on you and your relationship because you're leaving for work just as wife/kids are getting home. Then when you'd normally be having dinner, helping with homework, watching a movie, whatever you're at work instead. Oh now the weekend's here though so we can....oh right you're going in to work because Friday and Saturday are the two best days that exist for your job. Then even if the wife or kids have a day off, you're sleeping during the day because you're on a schedule where your day starts in the early evening. [/QUOTE]
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