Zach6668
Friday, September 14th, 2007, 7:25 AM
QUOTE (David_Nicoson @ Friday, September 14th, 2007, 10:36 AM)

If you're playing full-time to pay for a $2,000/mo lifestyle with no reserves, break-even is a bad month.
So why hasn't this happened already? Unexpected expenses?
Yeah, sorta. There's always unexpected expenses. I've been playing "pro" since January, and since then, I haven't had a month where I've been in the red. Being down $200 after easily the worst, fastest downswing I've ever had is quite a good result. There's still 17 days left in the month, so I have no doubt that I'll be able to make the money I expect to make.
On the other hand, another reason I haven't been able to make the transition up to 10/20 full time, has a lot to do with luck, to be honest. This time, for example, I moved up to 5/10 full time, and got killed for 200 BBs really quickly. Combined with my bill money coming out, I'm forced to move back. That's happened a few times, and it's just unfortunate, but not much I can do.
Also, earlier in the year, I spend my money too liberally. Ie, trips to Vegas, etc.
QUOTE (David_Nicoson @ Friday, September 14th, 2007, 10:36 AM)

I don't think the cash flow issues are a big deal, so I wouldn't focus on that. It's the sustainable income rate.
How many tables are you playing? 30k hands is a lot of poker playing. Please, please don't assume that you can maintain the same winrate when you play more hours.
Well, I only need ~$1500 to cover my expected expenses. Obviously at other times, there are unexpected expenses, that would be very nice to have a plan for, but honestly, nothing is going to change that. Working an $8 job isn't going to make me money any faster. Since January, I've made $20,000 over the first 8 months. This amounts to $2500/month. In fairness to me, I believe my overall income potential for any given month is currently a lot higher than that. A lot of those months were played before I got to Elite on AP, a few of the months were very limited in terms of playing time, for a few reasons. School being one, and times when I was out of town, etc.
I generally play 3-4 tables, and have been doing that for the entire time I've been playing LHE. I'm not worried about my winrate falling at all based on the number of hands I'm playing. It just means me being less lazy more often and putting in the number of hands I should be.
QUOTE (David_Nicoson @ Friday, September 14th, 2007, 10:36 AM)

I know that I couldn't play poker for more than 30 hours a week and keep sane. You have to do something in the rest of the time. You can ****-off some of that time, which I support also, but pulling in another $1k every month can't hurt. Think of it as life-back or something.
It's honestly not worth my time to work 40 hours/week to make $1000 a month. I really don't think it's even close.
QUOTE (tskillz187 @ Friday, September 14th, 2007, 11:04 AM)

David,
I don't understand the point of asking Zach this stuff. I mean, I know you're trying to be nice and point him towards some friendly advice, it's just very hard to toe that line without looking a little invasive (I think you're currently doing a good job toeing the line).
I mean Zach understands the swings of poker. He knows he's a real bad month away from looking like a schmuck and having to ask for backers, or getting a job. He's aware. I think it would be wise for Zach to remedy his employment situation, I don't know his personal life but I'm assuming he didn't graduate college if $8-10 is the best job he could find, but I might be wrong.
I don't know, I'm just uncomfortable giving someone advice when they aren't looking for it and aren't incredibly naive to the poker world.
My 2 cents.
I don't mind the advice. I'm quite open to discussion. But basically, yeah. I realize this is not even close to the ideal situation to be in as a "professional" poker player, but it's really the best I can do right now.
I'm basically just planning/hoping to do this for a year, build up some savings if I can, but first and foremost make sure my bills are kept up to date, so that I can go back to school in 2008.
I'm in a decent situation. My living expenses aren't through the roof. I mean, $1500/month is pretty good, imo. And I couldn't make that at a real job right now. I'd be forced to move back home if it were not for poker.