$1M / year playing 5-10...doable?
 

OK so here's the plan. I would like to make $1M (before taxes that is) in a 365 period so that I can be an internet badass like some of you guys out there.


Current game = 5-10nl 6-max on Party and I have a winrate of aprox 5ptbb/100 hands (so that is $100/100 hands, right?)

So if I can put in 100 hands per hour on 8 tables that would be an average of 800 hands/hr @ $800/hr. Now in order to make $1M in a year all I have to do is play about 4 hours per day (27 hr per week) if I can MAINTAIN THIS WINRATE (<---key)

DOABLE?

Re: $1M / year playing 5-10...doable?
 

No.

Re: $1M / year playing 5-10...doable?
 

3+1/3 buy-ins a day, every day for a year sounds pretty tough. If you are able to never tilt I think you can do it.

Re: $1M / year playing 5-10...doable?
 

If you're a pro 27 hours is probably doable, but I think you're neglecting:

1) your WR could go down
2) you'll probably take at least a couple weeks off for vacation, other things that come up
3) 800 h/hr might be exaggerated cause of tables dying and stuff

Re: $1M / year playing 5-10...doable?
 

Out of curiosity, what would be your takeaway if you make $1m pre-tax? 30% federal, 3% state or something?

Re: $1M / year playing 5-10...doable?
 

I thought it was worse. 33% isn't that bad. Still left with $666,666

I have never paid poker tax before.

Re: $1M / year playing 5-10...doable?
 

[ QUOTE ]
I thought it was worse. 33% isn't that bad. Still left with $666,666

I have never paid poker tax before.

[/ QUOTE ]

At the point you're paying 333,333 in taxes, wouldn't it be worth it to move a country with no poker taxes?

Re: $1M / year playing 5-10...doable?
 

You would still have to pay taxes.

Re: $1M / year playing 5-10...doable?
 

You need to be better at game selection if you want to do this

Re: $1M / year playing 5-10...doable?
 

[ QUOTE ]
You would still have to pay taxes.

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I dont. The UK has it's advantages!!