making a living online

[xdmanx007]

"" errrrr I consitently win..... as for enough to make a living matter of opinion but I am getting dam close!""


Hey XdmanX -- Gee I remember your getting after me for saying that I win most of the hands I play.... I think your statement above that you posted here is just as egotistical!! So watch it. OKAY?

LOL Are you saying I have self confidence issues?

 

[MicheleW]

No.... Me? LOL

 

[Cole_Donovan]

how to live

If you think about what you need to make a living as an online poker player and only an online poker player, you really dont need to generate much income at all...you dont need an entire apartment, just a microwave, minifridge, bed, desk, computer, a bathroom, a small electric bill if you conserve energy, a small water bill if you dont shower and save water(if it's yellow let it mellow, if it's brown flush it down), and a steady supply of food and drink. Realisticly if you share a place with others you could live off of only 400-600 a month, and that's realisticly if you find a cheap area....Preferably within walking distance of a grocery store so you dont need a car or gas money....boring life, but an easy life....

 

[laraspal00]

My thoughts are - if you look at the pros making really good money at poker - many came from money - meaning they owned a chain of video rental shops, is a patent attorney, own successful restaurants, Wall Street wizards, etc. and brought in their own bankrolls and built on them. And they weren't $300 here $300 there, but $10,000's. Others are MIT grads and are braniacts and had the game well pegged before they started. You really need an edge one way or the other.

Too true. Phil Gordon was an internet .com wizard, Phil Hellmuth is the son of the University President, Chris Ferguson in a math wizard and others have been successful businessmen. Even one Harvard kid has over $100,000 by playing online. $10,000 is tip money to them, while the rest of us can only dream about having that kind of money to enter.

One of these days I hope I can play in a WPT or wsop tournament. But it may be a while before I do.

Pat

 

[MicheleW]

Not the way I want to live! Cole

Just thinking again ... and it does get me into trouble. But - we should all make a pact to see each other in Vegas at the WSOP any way we can!

 

[Four Dogs]

If you think about what you need to make a living as an online poker player and only an online poker player, you really dont need to generate much income at all...you dont need an entire apartment, just a microwave, minifridge, bed, desk, computer, a bathroom, a small electric bill if you conserve energy, a small water bill if you dont shower and save water(if it's yellow let it mellow, if it's brown flush it down), and a steady supply of food and drink. Realisticly if you share a place with others you could live off of only 400-600 a month, and that's realisticly if you find a cheap area....Preferably within walking distance of a grocery store so you dont need a car or gas money....boring life, but an easy life....

Can't wait to tell the wife and kids. They'll be thrilled.

 

[chipshunter]

I sincerely doubt many players that have the ability to make a living playing online are in a forum posting about it first of all.

I used to daytrade and made $132,000 in 2 1/2 years and never thought about trying to do it for a living. I do have the income tax statements to prove this btw. I also have the next years statement that shows I lost all of it when I thought I was good at it and couldn't sell the stocks I believed in.

So similar to poker! You get good at the $1 level and move up to the $5, $10, and eventually $100 or $200 SNG's. That's when reality hits and the hundreds of $1 sng victories are now wiped in an instant of $200 disasterous streaks.

Same thing goes for the low limit tables. Eventually your ego moves you to higher limit tables and someone there beats you like the redheaded stepchild and your downward spiral is now in full speed.

The only ones making consistent money are the Owners and the affiliates!

Good luck!

 

[MicheleW]

Hi Chipshunter - I day traded too and well you know the rest. I didn't fold when I should have. I find poker so much like day trading stocks - get in, get out. I didn't make as much as you but had a thrill of a ride for a while.

 

[chipshunter]

I am sure we both have a 1000 similar stories, both on the way up and the way down.

Daytrading and Poker seem to get the same results including the rush and disappointment of decisions made.

 

[Smilin]

Well if you talk to me today, I am a fish. gettin sucked out, outdrawn and plain out not lucky. As a matter of fact I made the stupid decision to use(waste) my free entry I won yesterday in a WSOP sub-qualifier after losing 5 straight SNG's. Needless to say there's one word that will sum it up atm..........TILT. I am now on 7 str8 losses. Today I'm feeling more like I don't want to play again.

 

[Smilin]

let's make that 9...and no more BR. Such is life.

 

[uofmfan4]

Yeah, most of the times you've just got to take the beats and move on, as hard as it may be.