Low stake "pros" ???

[Eponymous]

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Another part of the "quality of life" aspect that many people are forgetting is that over half of your waking hours during the week are spent at work, lunch, and commuting to and from work. I don't get home until 12 hours after I leave for work every morning. The "quality of life" during those 12 hours leaves something to be desired. I think younger people that have only been on the job for 5 or 10 years haven't yet gotten sick of the traditional job.

After a couple three decades of being "in the workforce", the independence of a poker playing profession has a lot of appeal. Your income is solely dependent on your success in your profession(also the main appeal of trading stocks for a living BTW). No office politics, no boss taking credit for your successes, etc, etc.

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I can really relate to this post. I've spent 18 years working for a major corporation, and I've had my fill. It's very appealing to think about a couple of years from now when I have no house payment, a decent 401K, comfortable bankroll for 10/20, and a couple years (or more) of living expenses. Quitting work and going to the card room everyday sounds so much better than trudging into the office counting the hours until the next time I can head to AC for a day or two. It's a joy to play poker. It's never a joy for me to be at work. I can't imagine playing poker everyday will make it less fun than what I currently do for a living.

[TheHip41]

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People survive on minimum wage and other low paying jobs. I think you could make a living playing 3/6 to 5/10 limit if you're willing to put in the hours. I think it would be a horrible job but possible. Maybe fun for a year of your life after school, but after that...

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Yeah, who would want a job where you sit on your ass all day, indoors, guzzle free beer all day, work flexible hours, watch tv if you want, get a free lunch included, have no boss to report to, have the ability to move to another workplace if you don't like your "co-workers", and can never be fired?

Sounds like pure hell.

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grinding out a living playing 5-10 limit live would be worse than hell.

40 hours a week, 50 weeks a year. so 2000 hours X 25 hands an hour = 50,000 hands.

Assuming at most 2BB/100 after rake and tips and gas and food and crap like that, you are looking at 20/100

so 200/1000 2000/10000 and finally 10,000/50,000

so yes, 40 hours a week, and 50 weeks, and you will make a whopping $10,000. good job.

this is assuming you are actually a good player, and you can actually run well during this said year.

So know, it's not possible ot make a living playing 5-10 LHE in a casino that rakes $4 a hand.

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I thought it was pretty commonly accepted that you could make 1-2BB/HOUR playing 3/6 and 5/10. I only have 175 hours or so of 3/6 but I'm at 1.8BB/hour after tips/tokes/rake.

At 3/6 I think its easily possible to make $10/hour. You can live off that.

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So you are saying you are going to average $10/hour at 3-6. I'll tell you right off you wont, because you won't. I barely average $10/hour at 5-10 at the local casino, and I'm a better player than you.

Off of that topic though, lets do some math

You are saying $10/hour, so that equal $10/25 hands, so $40/100 hands.

So you are telling me you are going to me 6+BB/100 hands, on average.

Wrong. Even if you were a ringer, a full time pro, you would probably make 3.5BB/100 hands, lets just say 4BB/100, because I'm lazy at math

So now you make 1BB/25 hands, so 1BB/hour so $6/hour.

Thats a legitimate pro.

If you can beat any game like that for 4BB/100, you should be playing online.

The idea of a "low-limit" live pro is dumb. If you can beat the game, then play online and play 20,000+ hands a month and earn some real $$.

[magoo]

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I was talking to a guy that says he plays $1/$2 NL and $2/$5 NL live, for a living. He has a gf that lives with him and no kids.

Now, I have played B&M about 10 to 15 times and left with more than 5 buys ins atleast 5 of those times. The most I was ever stuck was $300 and that was after black jack losses.

My sample size is obviously small and is only at $1/$2, $100 max NL, so do you think it is possible playing $2/$5 for a living if you only have to support yourself and one other person?

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I take it, your "friend" didn't comment on having experienced a prolonged losing streak.

[RR]

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So you are saying you are going to average $10/hour at 3-6. I'll tell you right off you wont, because you won't. I barely average $10/hour at 5-10 at the local casino, and I'm a better player than you.

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10 years ago $10/hr at $3-$6 was pretty easy to make. The rake is higher these days, but the players are enough weaker (at these levels) to offset that. I would expect a good player to make very similiar amounat at 3-6 and 5-10 as 3-6 is a good structure that promotes action and 5-10 is a horrible action and is only spread in out of the way places that don't know any better.

[otter]

How many real pros drink at the table? That's poor discipline and I know of a couple of otherwise good players that went broke because they couldn't handle their alcohol.

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I sure wish I could move to Vegas to play. I had planned to do so months ago. Unfortunately the job market and the economy here is so bad that I'd have to take a really big loss on my house. I do agree though, that Vegas is the place to be. California has good action, but their housing prices as we all know are ridiculous

[otter]

What is the average household income? I'd guess that for one individual it probably averages around $35k

[LocustHorde]

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What is the average household income? I'd guess that for one individual it probably averages around $35k

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In 2005, it was $46,326.

[bav]

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What is the average household income? I'd guess that for one individual it probably averages around $35k

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In 2005, it was $46,326.

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If I'm interpreting it right, from table 1 in http://www.census.gov/prod/2005pubs/p60-229.pdf the median income of a single guy ("nonfamily household") in 2004 was $32K while the median income of a single female was $22K. The median income of a married couple was $64K.

[jjshabado]

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At 3/6 I think its easily possible to make $10/hour. You can live off that.

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I wouldnt really call it living more of maybe getting by. You have to remember that making $10/hr playing cards doesn't translate into making $10/hr at some crappy ft job. There are other benefits that the ft job will provide that are extras with poker mainly health insurance. By the time you factor those things in, you'll basically be making minimum wage if that.

If you are deadset on playing limit for a living you'd be much better off building up a roll until you could comfortably play 10/20.

It's possible to do I guess, but I'd guess it is a pretty depressing lifestyle.

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I agree completely. There are people that live off of minimum wage, no benefits jobs. Its not an easy life, and I'd have no desire to do it, but its possible. Same thing goes for low-limit poker.