Re: $3 Million Downsizing.............
Probably 99%+ of poker players don't have any comprehension of proper bankroll management. To play $500/1000 NL with a reasonably low RoR requires at least a low 8 figure bankroll. With anything less you're 'taking a shot' in a way. Anyone who has $5-10 million from poker and finds a way to lose most or all of it is likely a complete idiot, whether it be from being a bad gambler or being bad at math.
In today's world the value of a dollar earned past $10 million is far less than the one earned before it. Once a person has a net worth of that much he can easily live comfortably solely off of passive income.
Note that is quite a bit different than someone with a $50k bankroll that is fairly easily replenishable 'taking a shot' and going broke. There is no reason to put a mid 7-figure bankroll at jeopardy unless you have aspirations of becoming a billionaire.
|