by StarliteCoast » Thu Apr 27, 2006 12:05 pm
a) 6 months of living expenses set aside
b) at least 1000BB for the limit you intend to play
My plan, the agreement the wife and I came up with. My bankroll which I want 1000 big bets when I play full time plus an extra $12k in the bank. Rent, food, cable, electricity, etc is about $2k a month for us.
Now supposing I Have $22k which would be 6 months of living expenses and a $10k bankroll for $5/$10. I am a limit player by the way. Now suppose I average 2bb/100 hands and I play 3000 hands a week. 50 hours a week playing times an average of 60 hands/hr. (I do not multitable) I know that sounds like a lot, but let's assume that's what would be done. 50 hours/wk playing poker will be better than 45/wk working retail that's for damn sure. Anyway, I would average approximately $600/wk over the long haul I understand one week up and the next down but over the long haul 2bb/100 hands and 3000 hands a week would average $600/wk
I am not looking for a lot. I want to make $2k/month playing poker full time. More than I make currently in retail. But in the scenario I have put forth that would only add $100 each week for the bankroll. In this situation, would I be better off waiting until I was bankrolled for $10/$20 where I could take half the weekly earnings for the "nut" or "salary" or whatever you want to call it and the other half for adding to my bankroll total or would $5/$10 be fine and even tho the bankroll would not get padded my much each week, the 1000 big bet bankroll would be sufficient to withstand the swings we all go thru?
I am currently a low limit grinder with a dream, but I like to prepare for when that day does come and to at least have an idea of what I should be shooting for as far as bankroll amount, and what limits to play.