Thread: Can it be done
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Old 01-08-06, 02:36 PM
nflchad nflchad is offline
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Join Date: Oct 2004
Location: Ohio
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First of all I have a really strong feeling that you haven't played nearly enough to know how much of a winner you really are, much less how this would relate to you making enough money to help support your family. Saying things like "lately I've been succesful" leads me to this belief, I could certianly be wrong. Keep in mind that win rates don't solidify in cash games for around 50k hands and for about 1500 sng's.

The general consensus is that you should have 3-6 months of bills/living expenses outside of your bankroll. I'm with Pshabi here in that bonus whoring is unlikely to be a majority of your income, rakeback would be far more adventageous if your going to play that many hours. Not to say that you couldn't still take advantage of the bonuses but you won't be able to play on a bonus for 40 hours a week, so you need to make outside income when your not playing off those bonuses. I think how much you plan to make a week is another important thing to look at, if you want consistent money then you shouldn't be playing many MTT's and certainly not $5 ones, you should focus on SNG's and cash games instead.

Just looking at rakeback on turbo sng's lets say you get 25% rb and four table the 33's lets say they take on average 40 minutes to either get elimanated or win. You would make .75 a sng's you played and since your four tabling this would be $3 an hour in rakeback, 8 hours a day 5 days a week is $120, or $6240 a year. Combine that with a good ROI of 18% and you would be making roughly $27 an hour (I'm too lazy to convert), or 56k a year before taxes.

Another thing that Pshabi touched on was being able to play that much, I have a really strong feeling that you would HATE poker if you played that frequently especially if you absolutely had to play.

Good luck and I hope that you make it, be sure to keep us updated.