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Old Apr 16, 2008, 11:55am   #61
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Originally Posted by Poker Prodigy View Post
18 years old, still in school, and deciding if i should just take up poker full time.
I put in about 25 hours a week playing poker in a casino. I play 1/2 NL Live, and make about 19$/hour over a sample of about 175 live hours played. Online, i play NL25 and multitable. Over 39k hands, i average 9 BB / 100.
The single biggest mistake of your life you could make is not getting your degree. Get it now, while you are young, and you at least have a fallback position when/if your poker career goes south. Which, in terms of probability, it will. This is not a knock on you, it's just stating the odds properly. Few people make a good living gambling, your odds are against you that you'll be one of them. Perhaps you will, but having a degree and a place to fall back on is the most sound decision you will have made in your young life, IMO.
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Old Apr 16, 2008, 1:50pm   #62
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Originally Posted by SwoopAE View Post
You don't, but it would be nice in theory to see how I am running at throughout my poker career in all-in situations in MTTs given my equity in each situation. I would venture that I would be around the 45% mark in the 'running hot' stakes with 1% being Jerry Yang and 100% being you. Most people would put themselves at 70-80% or whatever but then again, most people overestimate their edge at this game. I don't think I do. Give it another two or three years and another million hands or so and we'll revisit the topic and see who is right.
With tournaments, the problem is you pretty much can't look at anything but chip EV on those charts, and so you have to make WILD assumptions that chip EV will translate into $ EV. This ignores when you win your flips (e.g. winning 10 flips in a row in the same MTT means FT, whereas just winning 10 flips in a row across several might mean very litte), and it ignores the vast disparity between tournaments and their prize pools/ chip to $ ratios etc.

I just think poker EV is a flawed measure to begin with (i.e. for cash), although its accuracy depends on a number of variables, some controllable others not - when it comes to tournaments, it's REALLY going to be inaccurate.

For tournaments, what you need to do is figure out what your ROI is across ALL your lifetime tournaments. A good player's RIO will do something around 100-200% return on MTTs. You're a decent player, if a little wild sometimes, but if your ROI is like 300% overall... well... let's just say you can see Jerry Yang a few steps ahead of you.
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Oh, and obviously, TWLLM, we'd all rather you just ruled with an iron fist of nittiness and made all decisions without consultation, but that goes without saying, right?
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Old Apr 22, 2008, 5:30am   #63
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Give yourself at least two years to train yourself, you can't just leave school put $10 in a poker account and start making $20 an hour in a few weeks, it takes months to build a decent bankroll from the microstakes then you've got to combat all the other bullshit like bankroll swings, tilt, bad beats, new modem purchase because you smashed your old one up etc. You're best just getting a job and playing poker as a profitable hobby, if you get good then you can consider becoming a pro.
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Old Apr 22, 2008, 1:03pm   #64
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Originally Posted by Egonomic View Post
how old are you, and for how long have you played poker?
I am 25 years old and have played 300 hours over 2,5 years with a total profit of $1400.

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how much money do you make an hour by playing online poker (avarage money on an hour)?
I would guess around $20/h. If we take into account the time I spend waiting for tables to fill up, I would guess I make around $14/h.

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and is there anyone on this forum who plays poker as their daily job?
Yes, a few, but I am not one of them.
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Old Apr 22, 2008, 6:51pm   #65
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Poker is not that time consuming, do both. It is not hard if dedicated to make more per hour than most any other job. But try putting in 40 hours of high level (by level I mean number of tables) multitable grinding. You will quickly learn that you cannot turn poker into a 9-5.
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Old Apr 22, 2008, 7:35pm   #66
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I like poker but having it as a job I would hate. Sure I like the whole making thing but when it is my livelyhood on the line rather than my pocket change I am sure it would turn sour quickly. Particularly as I suck at poker.
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Old Apr 22, 2008, 11:58pm   #67
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Originally Posted by Lord Mushroom View Post
I am 25 years old and have played 300 hours over 2,5 years with a total profit of $1400.

I would guess around $20/h. If we take into account the time I spend waiting for tables to fill up, I would guess I make around $14/h.

Yes, a few, but I am not one of them.
1400/300 = ????
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Old Apr 23, 2008, 12:47am   #68
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1400/300 = ????
My hourly rate used to be much smaller than $20/h as you have noticed, but $20/h is what I think I make now.
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Old Apr 25, 2008, 1:26am   #69
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It depends on what I am doing. If I am playing poker $10 an hour. If I am whoring my body on the street, then about $300 an hour. Such an easy decision for me.
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