Making A living at 50NL holdem

[Robbie01]

Hi all i have recently been doing well at 50nl making around $80 to $100 per day with rakeback. I am from the UK and have accsess to all poker sites.

I have no interest in giving up my real job however for a decent player like me is this sustainable long term ie I assume online poker will always exist in some form or will it not?

[teh_mewse]

ummm not sure exactly what your question is exactly.

First part, online poker will always exist in most countries, but some countries are getting seriously looked over in an online ban. The UK appears to be safe for quite a while.

To answer the thread topic, it depends how you define "a living". I remember when i was playing NL50, i made a little over 100 a day. Thats certainly enough to pay rent, and pay the bills.... but i don't know if thats considered a living. To be able to pay a mortgage and bills and feed a family WHILE saving for investments would probably be considered a living in my opinion.

I think that anybody who relies heavily on poker for their income should be playing at LEAST NL100. If someone said they were a pro NL100 player, i'd roll my eyes. NL 200 i'd start to respect, and NL 400 is where the you start to see a genuine amount of pros. NL 600 is where you'll start to see guys that make more in a month than you will in a year, NL 1000 is where the bubble high rollers play, and anything higher is gravy.

If however, you define a living as just paying rent and bills, hell you can make a living at NL 10. The games are so terrible at that level that a friend i was coaching consistently makes around 4-5 buyins a day, and he's not very good. Multitabling a few hours a day, its pretty easy to pay rent/bills at any limit except super micro.

[malorum]

[ QUOTE ]
To be able to pay a mortgage and bills and feed a family WHILE saving for investments would probably be considered a living in my opinion.

[/ QUOTE ]

Yup, and it's important to note that although poker will always be about in some form, the game focus and texture will change, if you can't adapt you'll be made redundant.

I've seen the squeeze placed on low fixed limit players.
Many who were happy with 2k a month and didn't move on are now finding themselves in trouble.

NP making good money from limit providing you adapted.

NL will face different changes. When the TV boom subsides the constant influx of new plankton will dry up. Also weak players will ultimately tend to drift into other games. There has always been an underlying trend from NL to FL. Perhaps a new game will crop up for those who go broke too quick in NL, but the pressure to move is always there.

The games will not remain as soft as they are, so make sure you understand the underlying concepts well. When you do I don't think you'll be playing NL50

[WhoIam]

5bb/100 *.75 hands/hr *8 tables =$30 + ~$10 rakeback/per hr.

I think there are a lot of people out there who would be happy to make $40/hr.

[Backspin20]

[ QUOTE ]
5bb/100 *.75 hands/hr *8 tables =$30 + ~$10 rakeback/per hr.

I think there are a lot of people out there who would be happy to make $40/hr.

[/ QUOTE ]


5bb/100 hmmm someone still plays at party poker!

[MasterLJ]

You need to make 3x as much money as you need to live if you are playing for a living IMO.

This is based on the assumption that you want to move up, you want to pad your bankroll and you want to minimize your ROR.

Let's say you net $2k at a current job/month.

If you are making $3k/month at poker, you need to cash out $2k every month, making bankroll building extremely tedious.

I'd say the minimum stake to make a living at poker is $100 NL, and that's pushing it.

[Vegetarian]

You can make 60k a year at 10c/25c.

[flopmonster9]

My mom and dad take turns playing 50NL and doing the laundry.

[DavidC]

yes

[stigmata]

yes, but you will (and should) move up sooner or later.