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BKKPLAYER
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12-23-2007, 10:54 AM
Post subject: Making $500/month From SnG's/MTT's
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#1 (permalink)
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Join Date: Sep 2007
Location: Thailand
Posts: 21
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As I wrote in my introduction, I want to create about $500 a month playing SnG's and cash games. Does anyone have success or advice on how to do this? Even $100 a month would be nice. My bankroll will be $500. Of course I don't expect to make $500/month right away, but that is my goal. Or should I instead concentrate on MTT's with higher payouts? One advantage I have is that I have plenty of free time as I only work about 20 hours a week as a teacher, and I have my weekends free too.
Khap khun krap (thank you in Thai)
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Miffed22001
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Straight Flush
Join Date: Jun 2005
Location: Marry Me Cheryl!!!
Posts: 8,181
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$500 a month is easily attainable in cash games. if you can build your br to 2-2.5k for 100nl it should be fairly easy
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curtom
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Join Date: Nov 2007
Posts: 28
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Depends on your skill level. I would recommend Single Table Sit N Go's at the $5 and $10 level to start. If you feel comfortable with your cash game then jump in a $1/2 NL or 50c/$1 level. Your bankroll should be good at the lower limits. It all comes down to your game and how much confidence you have. Overall, as the gentlemen before me just said, your goal is attainable
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Robb
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12-30-2007, 02:48 PM
Post subject: Re: Making $500/month From SnG's/MTT's
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#4 (permalink)
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4-of-a-Kind
Join Date: Aug 2007
Posts: 3,072
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Quote:
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Originally Posted by BKKPLAYER
I want to create about $500 a month playing SnG's and cash games... Even $100 a month would be nice. My bankroll will be $500.
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I play NL10 and generate $.80/.90 per hour per table in cash games. With rakeback and 9-tabling, I generate about $10 / hour. I play 1 -2 hours most evenings, a bit more on weekends. So 50 hours per month is easily done. I typically log 40+ hours / month of grinding out bankroll.
One caution about moving up - it requires fewer tables and you will have a smaller win%. So, I can't expect to win $25 per hour at NL25, just because the stakes are 2.5 times higher. I'd be happy with $8 - $10 initially, giving me time to build my br slowly and adjust my game to the new level.
BTW, my goal for 2008 is to take $100 offline each month in profits plus build my bankroll by $100 - $150. I think folks like Miffed would suggest that learning enough to be profitable at NL100 along with building that roll quickly (i.e. not taking out profits right away) might earn you the most in the long run.
I'm interested in taking out profits "early" for two reasons. First, I have a family, and I want my poker hobby to not have cost my family a single cent. I'm a lifetime winning player, but I want all the money I've ever spent on poker (bankroll, software, books) to be paid for by poker winnings, not my family's checkbook. Once I'm playing entirely on a bankroll built from my winnings, then I want to start saving for an anniversary trip for my wife and I next Feb (10 years!). We're headed for Vegas (wifey likes black jack, so I need to build some roll for that plus me to play poke with).
Whatever your goals, the key is getting profitable at SOME GAME at SOME LEVEL and using solid br management to build up from there. You make enough money doing one profitable thing a LOT to finance your education at other things and higher levels.
Good luck at the tables.
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spoonitnow
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Straight Flush
Join Date: Sep 2005
Location: IRC Chat Room
Posts: 5,406
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It's very attainable with sit-and-goes. More information would be nice though, like how much you'd like to play each month, etc.
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Quote:
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Originally Posted by Ripptyde
I only have 2 simple rules when I am coaching a new student.
Rule # 1: don't ask questions
Rule # 2: don't ask questions
I have no interest in discussing strategy with a protege'. Your job is to remain quiet and listen. I have a very systematic approach that I will share with the right candidate and I promise that I will turn you into a force of nature and show you elements of the game of poker that you never knew existed.
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