Building a model for true professional poker players – There are different types of serious poker players and others who wish to be considered professional players.
For this article, I define professional poker players as those who support their lifestyle by playing poker. There are very few who can achieve that status and even fewer who can survive the poker swing or understand how expensive it is.
Here are some hard facts about the pitfalls of playing poker for a living. The most important thing is that you should always be in control of your money. Players who have no knowledge of costs or how to budget will fail miserably.
If you can win every time you play, playing poker for a living would be the best profession in the world with all that freedom and money.
To calculate your costs, let’s say the rake you will pay for a year is $30,000 to $50,000. Then add $1,500 a month in living expenses, and now you have a starting budget of $48,000 to $68,000 a year you should win.
Those are the basic costs you should cover before calculating in building your money or travel or entertainment expenses. It’s very scary to think about because it doesn’t take into account you might lose or run badly.
The reality is that it’s nearly impossible to turn pro unless you start with a big bankroll and play so high that your hourly win rate goes from $20 to $30 an hour, which would set you $62,400 based on playing 40 hours a week. http://trailer-track.com/.
But to achieve a much higher standard of living, you have to play higher.
The hourly cost of playing a $40 buy-in game might be the same if you were playing a $300 buy-in game bonus138.
The majority of players who are considered professional players have other sources of income, such as partners who are not dependent on their gambling income.
I’ve known hundreds of players who couldn’t enjoy the lifestyle of gambling or playing poker if they didn’t have a partner or other source of income.
Having a partner in gambling, whether it be your partner or a business partner, is essential to surviving the swings that are part of poker.
I’ve been playing poker for almost 50 years, and the game hasn’t changed much, but the cost of living and rake has tripled, making poker a very expensive job.