Done the Math
OK did the math and i can make a sustained living at NL50. thats pretty cool.
however im not gonna. With 38 buyins or so im just gonna go for NL100. If I drop to $3k i'll grind at NL50 for a while, but i dont see how i cant beat NL100. its just a mental thing.
On CR theres a guy playing NL400, and it just shows how bad play is that he seems (at least) to be making a profit. so much of his play is fundamentally wrong, and he actually counts to check if he has a straight. lol (but i think hes in the mafia so i'd better not laugh to hard)
got an exam thurs/fri and done virutally no work. this is trouble. im about to get down to it.
heres the math.
8PT/100. on 4 tables (240ish hands per hour)= $38.4. plus at least $8 rakeback bonuses.
multiply by 0.54 (ex rate)
=£25p/h multiplied by 30=£750 per week, times 40 weeks = £30,000 p.a.
so 30hrs a week for 40 weeks= £30,000. SHIP IT. obviously this is IF i can sustain 8/100. worst case scenario is at 6PT/100 its £24,000. that is so obtainable i'm not even gonna sweat.
say i stuck at NL50. my win rate is 11PT/100. again 240hands per hour. its about £22,000
this is considering my rakeback/bonus estimations are conservative ($8 p/h). also its only 30hrs perweek. most likely i'll end up playing over 40, since its a hobby AND a job.
note: 40hrs a week on the most optimistic estimations is £1000 per week, tax free. SHIP IT. i could have much more optimistic estimations, and i'm not accounting for my ability level increasing, and i wont be surprised if i play NL200 after around 4months and NL400 by the end of the year.
i'll probably mess around in some MTTs, but i will only do it outside of 'work hours'
here's a link with info on some of what i'll be doing for a year
http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=5388293&page=0&fpart=all&vc=1
worst comes to worst i can always 9-table NL25, which i think is good for at least $30p/h.
however im not gonna. With 38 buyins or so im just gonna go for NL100. If I drop to $3k i'll grind at NL50 for a while, but i dont see how i cant beat NL100. its just a mental thing.
On CR theres a guy playing NL400, and it just shows how bad play is that he seems (at least) to be making a profit. so much of his play is fundamentally wrong, and he actually counts to check if he has a straight. lol (but i think hes in the mafia so i'd better not laugh to hard)
got an exam thurs/fri and done virutally no work. this is trouble. im about to get down to it.
heres the math.
8PT/100. on 4 tables (240ish hands per hour)= $38.4. plus at least $8 rakeback bonuses.
multiply by 0.54 (ex rate)
=£25p/h multiplied by 30=£750 per week, times 40 weeks = £30,000 p.a.
so 30hrs a week for 40 weeks= £30,000. SHIP IT. obviously this is IF i can sustain 8/100. worst case scenario is at 6PT/100 its £24,000. that is so obtainable i'm not even gonna sweat.
say i stuck at NL50. my win rate is 11PT/100. again 240hands per hour. its about £22,000
this is considering my rakeback/bonus estimations are conservative ($8 p/h). also its only 30hrs perweek. most likely i'll end up playing over 40, since its a hobby AND a job.
note: 40hrs a week on the most optimistic estimations is £1000 per week, tax free. SHIP IT. i could have much more optimistic estimations, and i'm not accounting for my ability level increasing, and i wont be surprised if i play NL200 after around 4months and NL400 by the end of the year.
i'll probably mess around in some MTTs, but i will only do it outside of 'work hours'
here's a link with info on some of what i'll be doing for a year
http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=5388293&page=0&fpart=all&vc=1
worst comes to worst i can always 9-table NL25, which i think is good for at least $30p/h.
posted by andy | 7:13 PM
3 Comments:
curious if you say that it is tax free because of british tax law or because you will just choose not to report it
under british tax laws gambling winnings are not taxable.
hi. thanks for reading, i happy to be added to any blog lists, however i'm guessing you've made a typo blue kow.
i dont think you should ever aim for 1PT/100 at ANY NL table, although should at LHE. I think i could make £40k per year (ex rate allowing) at just NL50, but that would mean playing a censored load of hours per week (and 9-tabling).
also, if i was playing poker for a lving i wouldnt give myself JUST 4 weeks holiday, theres a reason we're trying to be pro gamlbers ;)
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