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Making an average living from online poker - Live Poker Forums

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Making an average living from online poker

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Postby GodlikeRoy » Mon Aug 07, 2006 12:58 am

I would also go out on a ledge to say noone is a 4BB/100 winner at 2/4 and 3/6 playing online poker, especially playing 4 tables at once. That number is frighteningly good and unless you have 500,000 hands or so winning at that rate, noone will really believe it's sustainable.

Also, I read a post over at 2+2 where a respectable winner at LHE had a 1,500 BB downswing or so. He was a winner over hundreds of thousands of hands.

Think of it this way. If a 300 bet downswing is statistically possible, then is it not possible to have two of these swings back to back? Is it not possible to have two of THOSE swings back to back? Playing online and multi-tabling you will play so many hands that eventually you will run worse than you thought anyone else thought was possible.

That being said, to have a BR of 2,000+ BBs to be prepared for such swings is over the top. I'm not going to suggest a number of BBs to have, but I will say that whatever it is, if you are prepared to move down in stakes during a downswing (if that downswing threatens your roll) then you have the makings of good bankroll management.
Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby abbaddabba » Mon Aug 07, 2006 11:10 pm

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Postby Eclipse86 » Wed Sep 20, 2006 10:23 pm

It is possible to make 500-1000 per week, 6 tabling NL50 (with bonuses <--- quite possibly the most important thing) if u are a winning player (<-- actually this is probably more important) and can invest about 30-40hrs of game time per week. I know this, because I have done this for the last 3 months.

If you have the bankroll, and can play 6+ tables of NL100 whilst clearing bonuses and put in AT LEAST 30 hrs a week (easily do-able imo) you can easily cash out at least 1K a week.

This is, of course, if you are a winning player. Also, table selection plays a very important role.
=)
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Postby black_knight6 » Wed Sep 20, 2006 11:26 pm

ROFL...I'm sorry...30hrs/week is "easily do-able"?! That's HAAARRRD man!
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Postby Cactus Jack » Thu Sep 21, 2006 4:46 am

"Are the players better as the stakes go up? It's not an exam; it's a buyin." Barry Tanenbaum
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Postby black_knight6 » Thu Sep 21, 2006 9:43 am

Totally agree...hell, 50/week live is easily doable, IMO (if you don't have a social life ;)). I'm speaking in physical/mental terms...20+hrs/week online is simply tough and rare.
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Postby Thxlbx » Thu Sep 21, 2006 9:47 am

I think the number of tables you are playing effects how many hours you can play online. If you are 12 tabling like blacknight does, I imagine that 20 hours would be tough to do, given the stress of switching between tables and the sheer number of hands/decisions to be made per hour. If you are playing one or two tables only though, I think more than 20 hours would be possible.
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Postby GodlikeRoy » Thu Sep 21, 2006 10:03 am

Eh, I disagree. It depends on a lot of things - with the right mindset 30 hour weeks will seem like nothing. I've been playing for a pro for a few months now and have averaged about 30/week - so far in September however i've been looking at my game closer, mixing games (sngs/ring, nlhe/stud/omaha) and playing a mix between live and online. So far i've booked 170 hours [40 live, 130 online] sooo to sum up, it depends :wink:.
Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby black_knight6 » Thu Sep 21, 2006 10:13 am

Roy, just because YOU can do it, doesn't really change much...you're an exception, I think, in the amount that even dedicated plaers can regularly clock.
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Postby Molina » Thu Sep 21, 2006 10:14 am

It confuses me on 2+2 in the BBV forum when everyone posts their monthly wins, that there are guys who play 10/20 NL or higher, their playing between 50-100K hands each month and obviously making super tasty bank. But their consistently putting an assload of hours in super-multi-tabling 6max games.

What is it about them that means they can but in such dedicated time multi tabling really tough games? I'm curious.

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Postby GodlikeRoy » Thu Sep 21, 2006 10:20 am

Poker is silly.

It is not enough to be good at chess, you must also play well.

Somewhere in the world someone is training when you are not. When you race him, he will win.

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Postby Xaston » Thu Sep 21, 2006 12:05 pm

Remmy has no problem banging out over 40 hours a week, week in and week out.

I'd like to be able to, and perhaps at some point I will. I'm not there yet though.
Boy, you got me confused with a man who repeats himself.
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Postby quinny132 » Fri Sep 22, 2006 2:25 am

OK guys i am no pro and have no experience playing so many hours multitabling so this is just a suggestion and something that may be relevant to online poker.

I have a friend who works from home with his own internet business. He makes plenty of money and has a very comfortable life style. Knowing this i was very surprised when he told me that he has got a job at a local electrical store selling low value goods, ie toaster t.vs and the like. When i asked him about it he told me that after about a year working from home he was starting to go out his mind. He said that it got to the point where he was only putting in 15-20 hours per week and still finding it a struggle (sound familiar). He says that now working a part time job 2, 3 hour evenings through the week and a 3 hour morning. He is now able to put a good 30 hours a week in to his business.

This is just something that i think may help some poker pros, as at the end of the day if poker is about all you do it seems that it would take someone pretty special to keep putting the hous in. Any thoughts on this from all you accomplished/lazy pros.
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Postby DoctorHandles » Fri Sep 22, 2006 4:10 am

The better player should win the race. Always.
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Postby leatherface9 » Wed Dec 06, 2006 2:44 am

Personally, I put in 35-40 hours on average every week, playing 3-5 tables at a time, and I'm fine with that. Hell, today I started at 2pm, and its 3:43am right now, and I just quit about 30 mins ago =p. I think it really just depends on the person.
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