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BIGandRICH
Old 09-16-2005, 04:55 PM     Post subject: Live off NL25 #1 (permalink)  
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Lets look at $25NL as if it were a 9 to 5 job.

Hypothetical situation:

There will be a number of assumptions, these are:
1. Variance does not exist, win rate remains consistent and exact.
2. 20BB/100 hands is attainable
3. It takes 1 minute to play 1 hand, at one table.
4. Maximum number of tables is 8
5. Can consistently work at 8 tables all day.

1 hand/minute x 8 tables = 8 hands/minute.
8 x 60 = hands per hour = 480

BB = $0.50
20BB = $10

480 divided by 100 = 4.8
4.8 x $10 = $48
$48/hour attainable.

9 to 5 = 8 hours
-1 hour lunch break
1 day = 7 hours
7 x 5 = 35 = 1 week

35 hours of $48/hour equals total profit of $1680
hands per week = ~17K

Yearly Figures

year = 52 weeks -4 weeks holidays
year = 48 weeks

yearly profit = $80640

Closing remarks
poker is good.
villain goes AI
i call with a set (i have him owned)
i win pot
villain: **** this, this site is bullshit, ******* rigged, suck out ****
 
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alias2211
Old 09-16-2005, 05:24 PM #2 (permalink)  
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i play 35 hours of poker in a day.
In answer to your question... it depends...
alias2211.com poker
 
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biondino
Old 09-16-2005, 05:39 PM #3 (permalink)  
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Yeah, I did sums like this once. It doesn't seem too bad when you put it in those terms, but when you consider that you *can't* disregard variance, and the effect it has on your psyche, and the fact that this is about the ultimate, perfect scenario, and the fact that promotion prospects ain't great, etc. etc. etc. But still, it's a nice dream
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Zangief
Old 09-16-2005, 06:05 PM #4 (permalink)  
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Are 8 tables and 20BB/hour even possible in really real reality?
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BIGandRICH
Old 09-16-2005, 06:17 PM #5 (permalink)  
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Quote:
Originally Posted by Zangief
Are 8 tables and 20BB/hour even possible in really real reality?
yes 20BB/100**
villain goes AI
i call with a set (i have him owned)
i win pot
villain: **** this, this site is bullshit, ******* rigged, suck out ****
 
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BIGandRICH
Old 09-16-2005, 06:23 PM #6 (permalink)  
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Quote:
Originally Posted by biondino
Yeah, I did sums like this once. It doesn't seem too bad when you put it in those terms, but when you consider that you *can't* disregard variance, and the effect it has on your psyche, and the fact that this is about the ultimate, perfect scenario, and the fact that promotion prospects ain't great, etc. etc. etc. But still, it's a nice dream
I have a theory, It envolves upward variance aswell as downward. Meaning that: all variance is nill because it will even out eventually.. So it is left to the issue of tilt. So if you are able to cope with tilt well i think this is possible.. perhaps not 80K a year, but 50ish.. though ofcourse tax has to then be taken into account aswell
villain goes AI
i call with a set (i have him owned)
i win pot
villain: **** this, this site is bullshit, ******* rigged, suck out ****
 
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DaNutsInYoEye
Old 09-16-2005, 06:45 PM #7 (permalink)  
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Won't happen... Way too many variables you aren't even considering.
TheXianti: (Triptanes) why are you not a thinking person?
 
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Cocco_Bill
Old 09-16-2005, 06:52 PM #8 (permalink)  
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I have only in the last few months been able to make $40-50/hour playing 100NL, I believe it would be almost impossible to do at 25NL.

I don't think 20BB/100 is sustainable 8 tabling.
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a500lbgorilla
Old 09-16-2005, 07:30 PM #9 (permalink)  
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A) Most can not attain 20bb/100
B) Most can not attain 20bb/100 playing 8 tables
C) Very few can play 8hrs a day, 5 days a week without burnout

Making a living off low limit poker is a tremendously tedious task.

However
A) Most can maintain a job and play poker during their off hours

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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Bmxicle
Old 09-16-2005, 07:51 PM #10 (permalink)  
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If you can make 20bb/100 over a large sample of hands 8 tabling (which you, and probably everyone, can't) why on earth would you stay at 25nl?
 
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a500lbgorilla
Old 09-16-2005, 08:52 PM #11 (permalink)  
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Quote:
Originally Posted by Bmxicle
If you can make 20bb/100 over a large sample of hands 8 tabling (which you, and probably everyone, can't) why on earth would you stay at 25nl?
what if ilikeaces86 never went past 25nl?

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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Zangief
Old 09-16-2005, 09:18 PM #12 (permalink)  
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Quote:
Originally Posted by a500lbgorilla
what if ilikeaces86 never went past 25nl?
A lot of high-stakes players would be a lot happier ....
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a500lbgorilla
Old 09-16-2005, 09:19 PM #13 (permalink)  
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I'd be happier.

Everytime I turn around he's doing something better than me.

Ever since I met him, i've basically been crying myself to sleep at night.

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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Seabass
Old 09-16-2005, 10:07 PM #14 (permalink)  
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Isnt the point of making a living playing poker that you dont hafto work like a mad man, that you dont hafto spend all day doing something if you dont feal like it?

So I would like to have a big income per hour, where I can pick for how long I'm going to play, if I'm going to play at all any given day. I would alsow like a relaxed time playing, where I can pick how many tables I'm going to play.

That being said, you might be able to make a living of nl25 but if your a good enough player to make 20bb 8 tabling I think you should move up.
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Laeelin
Old 09-16-2005, 10:28 PM #15 (permalink)  
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Quote:
Isnt the point of making a living playing poker that you dont hafto work like a mad man, that you dont hafto spend all day doing something if you dont feal like it?
umm, no...

The point is the be your own boss.
The point is to be able to work hard and make good money.

You dont go pro to stop working, you go pro to change to a diffrent job.

Q. Is poker Gambling?
A. Do you use correct bankroll management?
 
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Bmxicle
Old 09-16-2005, 11:15 PM #16 (permalink)  
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Quote:
Originally Posted by a500lbgorilla
I'd be happier.

Everytime I turn around he's doing something better than me.

Ever since I met him, i've basically been crying myself to sleep at night.

-'rilla
Yeah, but he tells me exactly how he plays so by the time i'm at 2knl i'll see right through his laggy shenanigans.
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Seabass
Old 09-17-2005, 11:55 AM #17 (permalink)  
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I didnt say I wouldnt work/play alot if the money where good. You said "make good money", I dont think thats on nl25. On nl25 I assume you hafto work hard every day to make it work. If the money is good, then you have gained the freedom to be your own boss, to chose if and how much your going to play.

If you cant chose not to play, then the money aint good. Then the faqt that you are your own boss dont matter cos you hafto work anyway.

Imo, you dont go pro to stop working, you go pro to change to a better job.

If I hafto work as many hours as before for the same money, why do it?
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BIGandRICH
Old 09-17-2005, 03:29 PM #18 (permalink)  
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things like... why wouldnt you move up limit?
I did say at the top, "hypothetical situation" If you were destroying 25NL that well then yes you would deffinately move up.

The point of this post was not to discuss whether or not anyone would do it, but whether its possible.

20BB/100 whilst 8 tabling, my thoughts is that against really weak players yes.. but i dont really know. Has anyone got stats on 8 tabling at this stakes?
villain goes AI
i call with a set (i have him owned)
i win pot
villain: **** this, this site is bullshit, ******* rigged, suck out ****
 
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Laeelin
Old 09-17-2005, 06:29 PM #19 (permalink)  
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Quote:
Originally Posted by Seabass
I didnt say I wouldnt work/play alot if the money where good. You said "make good money", I dont think thats on nl25. On nl25 I assume you hafto work hard every day to make it work. If the money is good, then you have gained the freedom to be your own boss, to chose if and how much your going to play.

If you cant chose not to play, then the money aint good. Then the faqt that you are your own boss dont matter cos you hafto work anyway.

Imo, you dont go pro to stop working, you go pro to change to a better job.

If I hafto work as many hours as before for the same money, why do it?
Not everyone is making 80k currently :P

I know i'm not anywhere close

Q. Is poker Gambling?
A. Do you use correct bankroll management?
 
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biondino
Old 09-18-2005, 01:10 PM #20 (permalink)  
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I've just looked at my £25NL stats since the start of my recent upswing (i.e. as positive a view as I can legitimately use), and my TWO-TABLING stats are as follows (all at William Hill):

6max: 2,277 hands; VP$IP 31; went to SD 29; won at SD 57; amount won 30.5BB/100
full ring: 3,947 hands; VP$IP 24; went to SD 28; won at SD 54; amount won 15.9BB/100

So over 6,000+ hands, on a good run, I can just about keep the 20BB/100 average up at £25NL. But I get cross-eyed if I go above 3 tables so I know 8 would be way beyond me.
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lolzzz_321
Old 09-18-2005, 01:22 PM #21 (permalink)  
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4 tabling...
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Tommydx
Old 09-18-2005, 09:13 PM #22 (permalink)  

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I rarely speak to other players online about poker, so I'm fiding it a little hard to un-wind this jargon.

What's $25NL?

Or 20BB/100?

Thank-ye.
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a500lbgorilla
Old 09-18-2005, 09:24 PM #23 (permalink)  
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Quote:
Originally Posted by Tommydx
I rarely speak to other players online about poker, so I'm fiding it a little hard to un-wind this jargon.

What's $25NL?

Or 20BB/100?

Thank-ye.
http://www.flopturnriver.com/phpBB2/...ic.php?t=13407

Welcome to the boards.

Also 25NL is a 25 dollar max buy in No Limit Hold 'em game (blinds are .1/.25 almost everywhere)

-'rilla

Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
 
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BIGandRICH
Old 09-19-2005, 08:05 AM #24 (permalink)  
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the link rilla posted doesnt really explain it that well.. so if you are still confused.. BB, in this situation means Big Bet. BB/100 means, big bets won per 100 hands.. so
20BB/100 means, you win 20 Big bets per 100 hands on average. For 25NL, which rilla explained.. it would mean this..

A big bet is 2 times the big blind.. so for the NL25 blind of .25 the big bet is $0.50. 20 big bets is therefore $10..

20BB/100 = $10/100 (in this example)

Welcome to ftr, i hope what i've said makes it clearer for you.
villain goes AI
i call with a set (i have him owned)
i win pot
villain: **** this, this site is bullshit, ******* rigged, suck out ****
 
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