If I win $100k from a poker tournament? First thing I'd do is the responsible thing of course… buy a new pair of lucky shoes, grab an overpriced bag of chips, and celebrate alone at a VIP table because suddenly all your friends get "busy" when you win money 😅
Then I’d manage the money wisely. Maybe keep 10% in the bank… not an actual bank, I mean the nightly cash game bankroll. I might buy a fake fancy watch because who needs a real one when you play online and no one sees you anyway
I’d consider starting a business too like a coffee stand outside the casino door. Great market. Either sad losers needing comfort or happy winners needing caffeine to stay focused
And of course I'd write a thank-you note to Lady Luck. Something like “Dear RNG gods thank you for the blessing I promise to not mess this up... too badly”
Eventually I’d leave a small part of the winnings maybe five bucks to remind me of reality when the party’s over and start grinding freerolls again like a true warrior
Then I’d manage the money wisely. Maybe keep 10% in the bank… not an actual bank, I mean the nightly cash game bankroll. I might buy a fake fancy watch because who needs a real one when you play online and no one sees you anyway
I’d consider starting a business too like a coffee stand outside the casino door. Great market. Either sad losers needing comfort or happy winners needing caffeine to stay focused
And of course I'd write a thank-you note to Lady Luck. Something like “Dear RNG gods thank you for the blessing I promise to not mess this up... too badly”
Eventually I’d leave a small part of the winnings maybe five bucks to remind me of reality when the party’s over and start grinding freerolls again like a true warrior
It just seems to me that 100k is not that much money anymore. Anyway, presuming you win a really big sum of money, you need to hire a money manager or some sort of professional help. There's a documentary about people who won the lottery, don't remember the name but you can google it. Most of the lottery winners spent the money in a few years. You need a high level of financial literacy to know what to do with money to preserve wealth.
Bank 50% then add 40% to my poker bank role and 10% to my pension pot. Play tourneys with max buy in no more than 0.005% of poker bank role (max £200 buy in). Extended to 0.03% max (£1500) once every 3 months. Any win under £10,000, 80% back into poker bankroll, 20% added to pension pot, any win over £10k same principle. Until the bankroll is exhausted at which point I'd retire. 50k is at least 250 games with decent prize pool. Not to mention the number of satellites you could play to save money on entry fees for big games.member401988 said:
If you can manage to reach top 20% of the field 50% of the time and reach the final table 5% of the time for 20 years you'd have a decent pension (minimum £500k)
It's a big ask, most people that try will last less than 18 months, 20% less than 3 years, 5% make it to 5 years 3% 10 years and 1% 15 years and less than 1% make the 20 years plus!
99.9% of all players don't start the journey!
The Journey being £40k bankroll spending an average of £750 per week on tourneys (including food and travel).
You can't really start unless you do win £100k, which was your question!
