Can you really make $30k+ a year playing Low Limit Hold Em? |
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Posted Sun Jun 11, 2006 5:38 pm GMT by Implied_Odds
Is it heard of? Is anyone hear doing it now? What do you think? Online vs. B & M?
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Posted Sun Jun 11, 2006 5:55 pm GMT by JackKingOff
i personally dont think thats possible and by low limits u mean 3-6 max? u should prolly be making 3-4 BB/hr and so by playing these limits for a job, it is probably reallly hard to make 30k unless you are playing for hours on end... and if u are doing this you probably wont be having a good time so probably not 30k a year
Posted Sun Jun 11, 2006 6:28 pm GMT by LeafsFan1122
Well in BnM, they don't have low stakes as far as I know. How low do you consider low?
Posted Sun Jun 11, 2006 6:31 pm GMT by groton
Foxwood they have 2-4Limit,4-8 and 5-10 with a Kill at foxwoods thoese are Low to Low Meadam steaks
pluse 1-2 NL
Posted Sun Jun 11, 2006 6:33 pm GMT by LeafsFan1122
I'm sure there are people out there making 30k/year playing 1/2 NL and maybe even 2/4 FL.
Posted Sun Jun 11, 2006 6:41 pm GMT by TxShadow
Friend of mine is up about $18k playing $200NL, occasional $500NL, and a few MTTs. This is over probably about 10 to 12 months.
He doesn't put in near the hours that someone doing it as a job would. Maybe 20 hours a week at his peak.
I'm sure it's possible to push $30k, but you'd be playing a lot of poker and your results probably wouldn't be very consistant.
Posted Sun Jun 11, 2006 7:04 pm GMT by Hurricane Ham
If you play online and can multitable well, it's definitely doable at limits probably as low as 3/6, maybe even 2/4 if you play enough.
Posted Sun Jun 11, 2006 7:08 pm GMT by xDiamond_CutteRx
B&M, I kinda doubt it just because you probably won't play enough hands, and it's very hard to evade the rake (one small bet lost to the rake per pot is pretty significant).
Online, it's probably possible, but not especially likely. The realistic figures I've heard relate mostly to playing $10/$20, where a good player may be able to expect $40k-$60k per year if they play full time. But this varies, and there haven't really been any concrete studies on the matter.
Posted Sun Jun 11, 2006 7:21 pm GMT by supafrey
If you mean fixed limit, then no.
If you're talking about NL, then yes. I'm on track for that.
Posted Sun Jun 11, 2006 7:54 pm GMT by tame_deuces
I've heard stories of people racking in some pretty good figures as low as 2/4FL, but they play a sick amount of hours per month and usually 8-table from what I understand. Add a good rakeback to deal to that and I think you're set.
I think it be ok to step up in limits if you're going to be that dedicated to poker, sure with the sick hands required for those earnings a low stakes you'll flatten variance like a M1Abrams would flatten Lassie, but I think you'd be losing money in not stepping up.
Posted Sun Jun 11, 2006 8:58 pm GMT by golddog
| tame_deuces wrote: | | ...like a M1Abrams would flatten Lassie... |
I think this is the most interesting thing I've heard in quite a while. Nice analogy.
To the OP, sure, I imagine you could clear $30K but why would you want to? As many have pointed out, you'd have a be playing a crazy amount; you could get that $30K much easier at a "real" job.
Posted Sun Jun 11, 2006 11:30 pm GMT by Dave B
Exactly-$30k a year w/ no benefits is NOTHING. Healthcare alone cost about $500 a month for a health young single male.
Then, do you plan on tax evasion?
You would need to make $100/day for 300 days. I think that is very possible in a casino or online. A casino you would probably have to play 6/12 to get there.
Posted Mon Jun 12, 2006 12:05 am GMT by groton
iv cleared in just the last two Weekends
1800dollers
from like 7hour's play.
at the 1-2NL Level.
The first weekend played alittle more then Three hours on Saterday and Cashed out with a 1000 doller profit
then today(sunday)
I just cashed today 800 dollers profit from 4hour play.
and anouther 90doller profit from the weekly Tuesday nightgame i won last tuesday.
I would say i had a real great Three Days of playing poker.
but i doubt i could keep that pace up to the point were i make any real dough.
since the current pace would mean i would make 47K just playing One day a week
Posted Mon Jun 12, 2006 4:44 am GMT by supafrey
| Dave B wrote: | Exactly-$30k a year w/ no benefits is NOTHING. Healthcare alone cost about $500 a month for a health young single male.
Then, do you plan on tax evasion?
You would need to make $100/day for 300 days. I think that is very possible in a casino or online. A casino you would probably have to play 6/12 to get there. |
It makes me so happy that not a single one of these concerns apply to canadians =)
Posted Mon Jun 12, 2006 6:52 am GMT by Dave B
Yeah, right. You pay taxes for taxes and healthcare. You may not write a check, but you pay.
As a young male who uses less healthcare than any other segment of society, you would pay much less if it was private.
Posted Mon Jun 12, 2006 7:54 am GMT by mindgame
I just lost a $109 buy-in tourney on the second hand going all-in (perhaps rashly) on Queens. That took maybe 6 minutes, counting the registration and waiting time, so I'm losing $6000/hour (okay, $5000 if I go to the bathroom) or $40,0000/day.
So at this rate I'm losing $200,000/week.
My god, that's $100,000,000/year. I'm losing one hundred million per year! I had no idea what this was really costing me.
Better not quit my day job.
Posted Mon Jun 12, 2006 2:53 pm GMT by suitedaces84
I'm pretty sure (I don't have my copy right now though so maybe someone can confirm this) that at the end of SSHE they say it is possible to make 50k/year playing 3/6. Those guys are probably right.
I assume that requires 8 hour days of 4+ tabling, which is unrealistic for non-robots.
Posted Mon Jun 12, 2006 2:58 pm GMT by supafrey
| Dave B wrote: | Yeah, right. You pay taxes for taxes and healthcare. You may not write a check, but you pay.
As a young male who uses less healthcare than any other segment of society, you would pay much less if it was private. |
I'm very unhealthy, so not really. But I understand your point.
And the taxes I would be paying are mainly just property taxes and the regular 14-17% on most things I buy. That's really not that much for a renting and 0 income chump like myself.
Posted Tue Jun 13, 2006 9:12 am GMT by UrAteUp
30k a year from poker..sure I have no doubts that it can be done. My big question would be whats the best way to do it?...what stakes do I need to play?...and how much do I need for buyins?
Posted Tue Jun 13, 2006 9:28 am GMT by Dave B
Play $100/$200, make one big bet per hour and earn $400k a year.
Posted Tue Jun 13, 2006 12:39 pm GMT by supafrey
A strong 2/4nl player could probably pull that in relatively easily. One buyin a week profit and you're pulling in 25kish, easy. That's sort of my target right now, actually.
Posted Wed Jun 14, 2006 3:05 am GMT by Jefecaminador
i have a friend who claims to make about 1k/day on average multitabling 2/4 nl. I dont know if I should believe him or not
Posted Wed Jun 14, 2006 3:48 am GMT by Jernej Zorec
at 3/6 u need a winrate of 1bb/100 hands to make 30k a year
that is if u pull 40k hands a month which is doable
Posted Wed Jun 14, 2006 4:28 am GMT by supafrey
| Jefecaminador wrote: | | i have a friend who claims to make about 1k/day on average multitabling 2/4 nl. I dont know if I should believe him or not |
It would make him one of the best online players in the world, so probably not. People always tend to skew the numbers a bit when they brag.
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