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Posted: Fri, 26 Dec 2008, 3:37am Post subject: Paying yourself a monthly wage from BR
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3-of-a-Kind
Joined: 25 Dec 2008
Posts: 62
WPP: 100
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Okay we all know about good BR management and have our own opinions on how many buyins we need and when to move down etc if required.
But at what stage can you go from being a recreational player to someone who withdraws a certain amount a month without busting up their BR?
Whats the ideal % for a poker wage from a roll?
I am nowhere near this stage yet but very interested in ppls opinions on this. |
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Posted: Sun, 28 Dec 2008, 8:54pm Post subject:
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One Pair
Joined: 26 Dec 2008
Posts: 19
WPP: 51
Location: spain
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hi ya m8
not too sure of the answer to this but i would presume that you would need a br deep enough to cope with varience cos even winning players suffer from that and no 1month is gonna give you a guaranteed amount of earnings  |
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Posted: Wed, 31 Dec 2008, 2:24pm Post subject:
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3-of-a-Kind
Joined: 25 Dec 2008
Posts: 62
WPP: 100
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yeah i figure that. Hence the question!!!
say we manage to get our roll up to 10K and want to pack in working at the local Mcdonalds to play full time and expect a dip at some stage and manage our way thought the swings by only withdrawing a pre defined % each month.
Surely the pro's must withdraw a certain amount for wages?
What would be the ideal % for below if we were to withdraw on a monthly basis. Ie we got our roll up to 10k, spunked it and now down to $3900, a sensible individual should've planned for this so what % should he have for this level?
BR $500 - $3900 %? |
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Posted: Wed, 31 Dec 2008, 2:57pm Post subject:
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Straight Flush
Joined: 18 Aug 2004
Posts: 7971
WPP: 67
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This is of course dependent on your current situation and obligations, but if you are working at McDs or equivalent I assume they are low.
I would 'pay' yourself a % of your profits each month and if you lose money you don't get paid. If you don't have enough in the bank to make that workable if you have a couple bad months, you should keep the job at McDs. If you had a house/kids/car payments I would lean to having 1-2 years of expenses saved up along with someone else making money and or a solid back up job.
The % is based on your goals I guess - higher BR will mean higher profits in general, but if you reach a level you do not want to move from (say you can't beat 400 NL+) then you can start removing anything over 75 BIs or whatever for the level you are at. |
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Posted: Wed, 31 Dec 2008, 3:43pm Post subject:
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3-of-a-Kind
Joined: 25 Dec 2008
Posts: 62
WPP: 100
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thats interesting, so on a loosing month you wouldn't withdraw anything at all?
Say if you broke your BR down by
0 - 100
100 - 500
500 - 1000
1000 - 2000
and paid a pre defined % for each bracket, would that be feasible? |
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Restricted FTR $200 Freeroll at FullTilt on November 23rd
