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Posted: Sun, 23 Mar 2008, 2:38pm Post subject: |
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4-of-a-Kind
Joined: 04 Mar 2006
Posts: 1582
WPP: 55
Location: Pillaging Donksville
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| Miffed22001 wrote: | | Jack Sawyer wrote: | | Miffed22001 wrote: | | Jack Sawyer wrote: | | Miffed22001 wrote: | going pro is overrated.
So the value of X is irrelevant. |
I disagree. |
do you guys ever see beyond the end of next year? |
yup
much beyond |
so why are you quitting to go pro now when the money you are putting away to create the rest of your life with is pitifully small, and not enough?
Going Pro is about creating savings and buying houses etc not just earning enough to pay the rent for the month like a large majority of 'pro's' on here do, except the notable exceptions ofc |
Yeah, I remember a thread at 2+2 about being pro and someone smart (nycballer I think) said "the best pros here will be making less than 20% of their income from poker in 10 years time". |
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Posted: Sun, 23 Mar 2008, 10:01pm Post subject: |
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4-of-a-Kind
Joined: 13 Oct 2005
Posts: 1671
WPP: 74
Location: Soon to be TDot
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| Go pro when you feel confident enough to be able to pay for everything on a constant basis with your winnings. |
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Posted: Mon, 31 Mar 2008, 7:04pm Post subject: |
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| i made 17 dollars an hour at my dayjob. I went pro once I had a solid sample size of making over 100 dollars an hour at poker. |
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Posted: Mon, 31 Mar 2008, 7:36pm Post subject: |
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4-of-a-Kind
Joined: 03 Mar 2005
Posts: 3555
WPP: 97
Location: Your place or my place
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| I went pro when I got fired from work for skipping work to play poker. I recommend this method. |
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Posted: Mon, 31 Mar 2008, 7:44pm Post subject: |
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3-of-a-Kind
Joined: 19 May 2007
Posts: 106
WPP: 66
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| I dunno personally I'd prefer to win all the money I wanted first (say enough for 6 months) then quit. Seems like as soon as poker becomes a job it'd start sucking ass. |
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Posted: Tue, 01 Apr 2008, 5:00am Post subject: The third side of a coin is the edge. |
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| When you get there, you'll be there. But, no matter where you go that's, just where you are... If, I can live like a millionaire on, 70K/yr, so be it. There's more to life than poker. But, there's nothing like it.....Whatever, pays the bills....."Money won, is so much sweeter than money earned"._ Paul Newman/The color of money |
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Posted: Tue, 01 Apr 2008, 9:21pm Post subject: |
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High Card
Joined: 13 Nov 2007
Posts: 11
WPP: 110
Location: Australia
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Posted: Wed, 02 Apr 2008, 6:18am Post subject: |
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Full House
Joined: 06 Jun 2007
Posts: 813
WPP: 60
Location: NS, Canada
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i havent worked for 5 years and killed my local casino 15-30 limit/1-2/2-4 no limit games. I went pro after reading ED miller's book " small stakes holdem winning big with expert play" and limit poker was most popular at the time  |
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Posted: Wed, 02 Apr 2008, 10:11am Post subject: |
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Two Pair
Joined: 01 Apr 2008
Posts: 37
WPP: 157
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| spoonitnow wrote: | I'm trying to reply to everyone, but if I miss you don't take it personally.
| daven wrote: | | regardless of x, hero shouldn't go pro. |
| Cocco_Bill wrote: | | You can not quit a job and go pro with a $1100 bankroll. Insanity! |
What if X is close to 0?
| Andrew wrote: | | So as long as your bills are less that $1,200 a month then you should think of going pro. |
But that's more than our current bankroll...?
| pgil wrote: | | x = about 200. our hourly rate is irrelevant at this point. more important is our bankroll. We would ideally want 3-4 months worth in reserve, over and above what we need to play. |
This is the most logical response so far, imo.
| d0zer wrote: | | Until I'm making about 1.5-3x (depending on how bad variance is up there) my current income, I wouldn't... |
Again, what if X is close to 0? Also, if there was little to no chance of getting a raise or any type of advancement in your job (which is typical of the jobs college students get)?
| dev wrote: | | Very few responses here are original. This is a topic that's been rehashed repeatedly in magazines, articles, books, and message boards. |
I agree, but perhaps that's because it's sometimes hard to be creative when there is a limited window of correct ways to do something and be successful.
| dev wrote: | | Going pro is as easy as quitting your job. Assuming you're an adult and capable of going broke and surviving the ordeal, fuck it. Take your shot. Learn your lesson. |
This is soooooo wrong, but like you said it's just something you heard. There is so much more to it than "quit your job and see what happens", and the likelihood of succeeding with this approach depends heavily upon X.
| cowboyardee wrote: | | $600/week is more than $360/week, so assuming your benefits at work suck, x is a non-factor. Or I guess you could say that if your added expenses (medical insurance and such) after quitting your job add up to less than $240/week, you should do it in a strictly financial sense. |
There's much more to it than the strict math, DOUCY? |
R u serious op? All you answer with is questions that infer that peoples answers are wrong. On the last two you just straight tell people their opinions are wrong... when this is a general opinion answer question. X is defined by each persons opinion. Also people are trying to tell you, your question sucks because it does. OP Heads up for rolls? |
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Posted: Wed, 02 Apr 2008, 10:26am Post subject: |
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4-of-a-Kind
Joined: 06 Feb 2007
Posts: 2132
WPP: 65
Location: Spewing
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| HybridTt wrote: | | OP Heads up for rolls? |
Awesome |
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Posted: Wed, 28 May 2008, 6:25am Post subject: |
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Strike 1
Joined: 24 Sep 2005
Posts: 2228
WPP: 110
Location: Winston-Salem, North Carolina
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| HybridTt wrote: | | spoonitnow wrote: | I'm trying to reply to everyone, but if I miss you don't take it personally.
| daven wrote: | | regardless of x, hero shouldn't go pro. |
| Cocco_Bill wrote: | | You can not quit a job and go pro with a $1100 bankroll. Insanity! |
What if X is close to 0?
| Andrew wrote: | | So as long as your bills are less that $1,200 a month then you should think of going pro. |
But that's more than our current bankroll...?
| pgil wrote: | | x = about 200. our hourly rate is irrelevant at this point. more important is our bankroll. We would ideally want 3-4 months worth in reserve, over and above what we need to play. |
This is the most logical response so far, imo.
| d0zer wrote: | | Until I'm making about 1.5-3x (depending on how bad variance is up there) my current income, I wouldn't... |
Again, what if X is close to 0? Also, if there was little to no chance of getting a raise or any type of advancement in your job (which is typical of the jobs college students get)?
| dev wrote: | | Very few responses here are original. This is a topic that's been rehashed repeatedly in magazines, articles, books, and message boards. |
I agree, but perhaps that's because it's sometimes hard to be creative when there is a limited window of correct ways to do something and be successful.
| dev wrote: | | Going pro is as easy as quitting your job. Assuming you're an adult and capable of going broke and surviving the ordeal, fuck it. Take your shot. Learn your lesson. |
This is soooooo wrong, but like you said it's just something you heard. There is so much more to it than "quit your job and see what happens", and the likelihood of succeeding with this approach depends heavily upon X.
| cowboyardee wrote: | | $600/week is more than $360/week, so assuming your benefits at work suck, x is a non-factor. Or I guess you could say that if your added expenses (medical insurance and such) after quitting your job add up to less than $240/week, you should do it in a strictly financial sense. |
There's much more to it than the strict math, DOUCY? |
R u serious op? All you answer with is questions that infer that peoples answers are wrong. On the last two you just straight tell people their opinions are wrong... when this is a general opinion answer question. X is defined by each persons opinion. Also people are trying to tell you, your question sucks because it does. OP Heads up for rolls? |
That's because I'm right, {acronym Renton hates}. |
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Posted: Thu, 29 May 2008, 5:08pm Post subject: |
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Full House
Joined: 18 Oct 2006
Posts: 1233
WPP: 106
Location: Santa Cruz, CA
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I'd stick your job out till you can get to at least 100nl. Then the money becomes significant (100K/yr possible) and you have more promise to move up than you do now.
As others have said we're not looking to just pay bills, we should be in a capital accumulation mode under the methodology of poker playing with future goals of real estate, business investment, and investment as our long range source of income. |
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Posted: Thu, 29 May 2008, 6:27pm Post subject: |
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Full House
Joined: 30 May 2006
Posts: 1274
WPP: 127
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| i went pro then stopped playing |
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Posted: Thu, 29 May 2008, 6:30pm Post subject: |
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Strike 1
Joined: 24 Sep 2005
Posts: 2228
WPP: 110
Location: Winston-Salem, North Carolina
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| mixchange wrote: | I'd stick your job out till you can get to at least 100nl. Then the money becomes significant (100K/yr possible) and you have more promise to move up than you do now.
As others have said we're not looking to just pay bills, we should be in a capital accumulation mode under the methodology of poker playing with future goals of real estate, business investment, and investment as our long range source of income. |
There you go. |
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Posted: Thu, 29 May 2008, 7:11pm Post subject: |
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4-of-a-Kind
Joined: 03 Mar 2005
Posts: 3555
WPP: 97
Location: Your place or my place
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Find job with sexy pension upon retirement.
Work it. Play poker when you get home for an hour or two.
"Retire" at 45 and play poker full time.
I call it the "OMG THEYLL PAY ME TO DO THIS?!" plan. |
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Posted: Thu, 29 May 2008, 8:12pm Post subject: |
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4-of-a-Kind
Joined: 03 May 2007
Posts: 3294
WPP: 149
Location: Ballarat, Australia
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| wufwugy wrote: | | i went pro then stopped playing |
Hmm, I think theres a flaw with that plan... |
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Posted: Thu, 29 May 2008, 9:21pm Post subject: |
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Full House
Joined: 30 May 2006
Posts: 1274
WPP: 127
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| bjsaust wrote: | | wufwugy wrote: | | i went pro then stopped playing |
Hmm, I think theres a flaw with that plan... |
its funny, i played a so much all gung ho trying to get to the point where i could quit my job, but when i did i was so sick of playing i went on sabbatical or something. |
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Posted: Thu, 29 May 2008, 9:53pm Post subject: |
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4-of-a-Kind
Joined: 03 May 2007
Posts: 3294
WPP: 149
Location: Ballarat, Australia
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| I wonder if many people do that? Kind of like a burn out after the big drive to get there. |
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Posted: Fri, 30 May 2008, 10:58am Post subject: |
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4-of-a-Kind
Joined: 03 Mar 2005
Posts: 3555
WPP: 97
Location: Your place or my place
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| bjsaust wrote: | | I wonder if many people do that? Kind of like a burn out after the big drive to get there. |
Theres a reason a lot of oldbies arent around FTR anymore. |
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Posted: Fri, 30 May 2008, 11:57am Post subject: |
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Full House
Joined: 25 Jul 2005
Posts: 758
WPP: 110
Location: Watching spoon stroke his own ego
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| euphoricism wrote: | | bjsaust wrote: | | I wonder if many people do that? Kind of like a burn out after the big drive to get there. |
Theres a reason a lot of oldbies arent around FTR anymore. | For those that aren't around anymore that at one point went pro, do you suppose more of them quit and gave up poker, succeeded and moved on to other things, or just stopped talking about it or moved to another forum? |
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Posted: Fri, 30 May 2008, 5:33pm Post subject: |
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4-of-a-Kind
Joined: 03 Mar 2005
Posts: 3555
WPP: 97
Location: Your place or my place
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Posted: Sat, 31 May 2008, 5:41am Post subject: |
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Strike 1
Joined: 24 Sep 2005
Posts: 2228
WPP: 110
Location: Winston-Salem, North Carolina
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| I think it's easier for people who grew up like I did (aka poor) to continue to have the drive and work ethic to put in a lot of time even after they're making somewhat decent money at the game. |
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