Re: Warning- grades included
Actiually Sklansky as well as others have discussed how to factor in living expenses for determining your bankroll. M is right on the mark in this thread. Basically one needs to subtract their living expenses from their win rate to properly compute their bankroll. If a player makes has living expenses of $10 an hour and they're hourly rate is $25 an hour, their bankroll needs to be predicated on a win rate of $15 an hour. If a player makes $15 an hour playing poker and has $10 an hour in expenses they need to predicate their bankroll on making $5 an hour. The fixed expenses make a monstor difference and I think it's easy to see that tipping is a much bigger deal to some players.
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