is there such a thing as an online tournament poker pro ? - Page 6

kleath · #51 05-20-2007, 05:50 PM

Lets make this 4000+ posts!

THAY3R · #52 05-20-2007, 05:56 PM

If you had a true ROI of 125% and played only on Sundays, you would make over 200k a year.

Jason Strasser (strassa2) · #53 05-20-2007, 07:11 PM

[ QUOTE ]
Actually, 225 tournies is a pretty good representative sample size. Bax's total tournies for 1st 5.5 months of 2007 is 569.

http://www.officialpokerrankings.com/pok...5A21C072E4.html

Bax is tracking to make $300k pre-taxes from online tournies in 2007. $300K is about the avg starting salary of an options trader on the street. No wonder Strasser is headed in that direction.

[/ QUOTE ]
i am making far less than 300k next year

baltostar · #54 05-20-2007, 07:13 PM

There $3K of playable action every Sunday ?

stevepa · #55 05-20-2007, 07:25 PM

[ QUOTE ]
There $3K of playable action every Sunday ?

[/ QUOTE ]

there's 3k of playable action on stars alone every sunday

Sherman · #56 05-20-2007, 09:45 PM

I don't really get this thread.

Bax makes $300K a year. He is really good. So...because he is really good and "only" makes $300K online poker pros must not exist.

I know lots of people who get by just fine on 60K a year. I live off of 16K a year as a lowly grad student. I'm pretty sure lot's of poker players out there can make at least 16K a year.

So who the [censored] said you have to make 300K a year to be a poker pro? I'm pretty sure anyone who makes enough to live is a poker pro. No one said that being a professional poker player was a wealthy job.

baltostar · #57 05-20-2007, 09:47 PM

[ QUOTE ]
war/balto - on IT dev rates - in Chicago area at least, $100-200/hr might have been possible a few years ago for a one-off, seasoned, indie contract project manager type who could do analysis/design & bill out, mebbe 1600 hours a year, 3K hours would be a big stretch....these guys were always targeted for replacement by cheaper, permanent employee hires, or, by forcing them to join larger service aggregators for lower rates, like COMSYS...aaannnnddd...with India based firms packaging on shore H1B visa guys running offshore code grinders, these "seasoned" rates fell below $100...unless you are an indie at the grey beard expert specialty level, able to sell work/close deals, $200/hour would be at the highest end...even the old "Campbell Soup" recipe man (the one guy in the world who knows)can't find much work these days cuz the India firms are so good/cheap/fast at reverse enginnering legacy applications.

[/ QUOTE ]

You're hangin' with the wrong people. Big anti-outsourcing trend underway in the valley. I would expect even moreso in financial programming. Too many disasters on the radar. Just to work with an offshore you've got to hire business intelligence people that speak their language, and those guys have to travel. If instead you have them send their business guys here, it's full retail rates, $180/hr, plus expenses. Even if they only send a coder it's $150/hr.

There's lots of it consulting work in the valley for $100+/hr. Especially from companies that got burned by 1-d India firms who went off and built all sorts of crap that wasn't asked for or needed (so what if it "works").

Offshoring is for boring tightly spec'd junk projects.

THAY3R · #58 05-20-2007, 10:15 PM

Let me guess, you work for that website and you are looking for more workers [img]/images/graemlins/grin.gif[/img]

#59 05-20-2007, 11:15 PM

baltostar · #60 05-21-2007, 10:03 AM

Sure, tourney income has a long gamma distribution. But you can't just look at it as an investment problem. The reality is it's very time-consuming.

Since some on here have a problem with sample size, let's look at total stats on Bax available :

http://www.officialpokerrankings.com/pok...5A21C072E4.html

That $538K profit from 3620 games. I'd say avg of 3 hrs per tourney (please correct if anyone has better idea). That's only $50/hr.

Difficult to account for multi-tabling, because the closer one gets to ITM, the less likely multi-tabling is still going on, but let's say avg of two tourney tables at once. Now we're at $100/hr.

A nice living yes, but actually below the avg accountant, attorney, high-producing sales/marketing guy (think real estate). Definitely well below the avg doctor. Even a senior level nurse can make up towards $100/hr.

And Bax is the best in the business. Imagine if the best attorney in the business could only make $100/hr.

And now we're back at my original question: is there really any such thing as a professional online tournament poker pro?

If you have to be the Michael Jordan of tourney poker just to make what a lot of avg white collar professionals make, then the answer could very well be "no", not in any realistic sense, considering normal distributions of talent.