As the title says this topic is about how to make a living out of poker. Every poker player want to be professional (as far as I know).
I made some calculations and it turned out that if:
You play
20 days a month(or more if you play weekends when more players play) -
8 hours a day - and in every hour you win $10. After 1 month you can
earn $1280. This means that you have to
win ONE 10 handed sitNgo with $2 buyin per hour.
Obviously it doesn't make you professional but it's a nice start. If you're patient, you'll be rewarded. I know that sometimes you lose and this "strategy" isn't the best. But I think if you focus and don't go on tilt, the $10 win or more isn't impossible for you. I started to use it but I don't have 6 hours to play because I'm too busy recently but when I'll have I got to tell you whether my bankroll increase or not
Bigger tourneys can help you to boost your bankroll and help to step up to play at higher stakes.
Personally I made mistakes in the past which badly influenced my bankroll. E.g. I bought in with almost my whole bankroll - I risked almost all of my money, etc.
But you should decide when to play cash games and SnGs. It depends on that in what time zone you live.
Cash games become harder and harder when the stakes get higher. If you feel yourself good enough and you see that you win at low stakes take a look at the higher games. If you feel that you're doing good too, I don't advise you to stay there. Keep playing at low stakes but at more table. It can mulitply your wins and you can gain some experience. After that you can step up.
Always take some break when you're tired. Poker will wait for you and after you return there will be refreshed and relaxed - so you can continue your session.
One more thing which is also important...
When to quit? When you earned some money (cash games) and tripled up. I think after a triple up you can stay for a while but before you run into a bad beat you should quit - it sounds silly but you'll know when to do it. (of course you can quit whenever you want: if you lost too much, after a double up-at a hard table full of with agressive players.
Buyins:
C
hris "Jesus" Ferguson's advice should be considered:- "He never buys into a cash game or a Sit & Go with more than 5 percent of his total bankroll (there is an exception for the lowest limits: he is allowed to buy into any game with a buy-in of $2.50 or less).
- He doesn’t buy into a multi-table tournament for more than 2 percent of his total bankroll, but he’s allowed to buy into any multi-table tournament that costs $1.
- If at any time during a No-Limit or Pot-Limit cash-game session the money on the table represents more than 10 percent of his total bankroll, he must leave the game when the blinds reach him. (source: FullTilt Poker - Chris Ferguson's Challenge) "
Well, I don't agree with every point of his theory but it some of it does make sense.
I hope I could help you
Good Luck at the tables!
(totally written by JuniorMontana01)