question for the HU SNG professionals

randy138 · #1 02-10-2007, 06:25 PM

how many mounths living expenses do save?How do you pay yourself?

jay_shark · #2 02-10-2007, 06:42 PM

You should have about 6 months living expenses . You pay yourself according to how well you do :P

randy138 · #3 02-10-2007, 06:55 PM

Is 6 months really enough. In the book "Professional Poker" by Mark Blade he says it can take up to 2 years to average 1bb/h but that is for limit hold'em. Is 6 months enough for you? and do you just take 6 months living expenses out of your bank roll at the end of the previous 6 month period.

Scary_Tiger · #4 02-10-2007, 07:06 PM

[ QUOTE ]
Is 6 months really enough. In the book "Professional Poker" by Mark Blade he says it can take up to 2 years to average 1bb/h but that is for limit hold'em. Is 6 months enough for you? and do you just take 6 months living expenses out of your bank roll at the end of the previous 6 month period.

[/ QUOTE ]

Couple things here. You get in way more hands playing online than you do in a casino. Also, typically your edge is larger due to the game structure and your opponents.

randy138 · #5 02-10-2007, 07:12 PM

So is 6 months enough if you play 25-30 mathes a day 5 days a week?

markpal · #6 02-10-2007, 11:27 PM

[ QUOTE ]
So is 6 months enough if you play 25-30 mathes a day 5 days a week?

[/ QUOTE ]

Depends on what level buy in you are playing?

Agamemnon · #7 02-11-2007, 08:33 AM

What stakes do you play, Randy?

randy138 · #8 02-11-2007, 01:05 PM

[ QUOTE ]
What stakes do you play, Randy?

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50s-100s

maxv2 · #9 02-11-2007, 11:57 PM

I have a continuous daily goal of $200 a day and before neteller went down, would cashout daily down to $6000. I have about $30,000 saved clear as well as $24,000 saved for taxes (30% of what I cashed out this passed year). Essentially everytime I earn $1430 over $6000 I cashout that amount ($1000 for me, $430 for taxes). I think it's important to have a solid structure, almost as important as game selection and of course...skill. So whether or not you agree with my system, it's better then having no system at all.

BCM11 · #10 02-12-2007, 01:16 PM

If it's your profession, you want to be constantly putting money away. Instead of only focusing on building a bigger and bigger bankroll, focus on cashing out X amount of dollars each week/month that is not poker money once it is taken out. Try to keep about 40-50 buy-ins available online and if you are beating your current stake to the point where you are cashing out your X amount and able to move up to a higher stake then great. Otherwise, just continue grinding your limit that you are beating and keep adding money to your name. I don't know how many times I've heard of players winning for months and months and then move up to a stake they can't beat and lose most if not all of it and suddenly have no money to their name.