C
Cole_Donovan
Rising Star
Bronze Level
how to live
If you think about what you need to make a living as an online poker player and only an online poker player, you really dont need to generate much income at all...you dont need an entire apartment, just a microwave, minifridge, bed, desk, computer, a bathroom, a small electric bill if you conserve energy, a small water bill if you dont shower and save water(if it's yellow let it mellow, if it's brown flush it down), and a steady supply of food and drink. Realisticly if you share a place with others you could live off of only 400-600 a month, and that's realisticly if you find a cheap area....Preferably within walking distance of a grocery store so you dont need a car or gas money....boring life, but an easy life....
If you think about what you need to make a living as an online poker player and only an online poker player, you really dont need to generate much income at all...you dont need an entire apartment, just a microwave, minifridge, bed, desk, computer, a bathroom, a small electric bill if you conserve energy, a small water bill if you dont shower and save water(if it's yellow let it mellow, if it's brown flush it down), and a steady supply of food and drink. Realisticly if you share a place with others you could live off of only 400-600 a month, and that's realisticly if you find a cheap area....Preferably within walking distance of a grocery store so you dont need a car or gas money....boring life, but an easy life....
L
laraspal00
Enthusiast
Silver Level
Too true. Phil Gordon was an internet .com wizard, Phil Hellmuth is the son of the University President, Chris Ferguson in a math wizard and others have been successful businessmen. Even one Harvard kid has over $100,000 by playing online. $10,000 is tip money to them, while the rest of us can only dream about having that kind of money to enter.MicheleW said:
One of these days I hope I can play in a WPT or wsop tournament. But it may be a while before I do.
Pat
Cole
C
chipshunter
Enthusiast
Silver Level
I sincerely doubt many players that have the ability to make a living playing online are in a forum posting about it first of all.
I used to daytrade and made $132,000 in 2 1/2 years and never thought about trying to do it for a living. I do have the income tax statements to prove this btw. I also have the next years statement that shows I lost all of it when I thought I was good at it and couldn't sell the stocks I believed in.
So similar to poker! You get good at the $1 level and move up to the $5, $10, and eventually $100 or $200 SNG's. That's when reality hits and the hundreds of $1 sng victories are now wiped in an instant of $200 disasterous streaks.
Same thing goes for the low limit tables. Eventually your ego moves you to higher limit tables and someone there beats you like the redheaded stepchild and your downward spiral is now in full speed.
The only ones making consistent money are the Owners and the affiliates!
Good luck!
I used to daytrade and made $132,000 in 2 1/2 years and never thought about trying to do it for a living. I do have the income tax statements to prove this btw. I also have the next years statement that shows I lost all of it when I thought I was good at it and couldn't sell the stocks I believed in.
So similar to poker! You get good at the $1 level and move up to the $5, $10, and eventually $100 or $200 SNG's. That's when reality hits and the hundreds of $1 sng victories are now wiped in an instant of $200 disasterous streaks.
Same thing goes for the low limit tables. Eventually your ego moves you to higher limit tables and someone there beats you like the redheaded stepchild and your downward spiral is now in full speed.
The only ones making consistent money are the Owners and the affiliates!
Good luck!
MicheleW
Rock Star
Silver Level
Hi Chipshunter - I day traded too and well you know the rest. I didn't fold when I should have. I find poker so much like day trading stocks - get in, get out. I didn't make as much as you but had a thrill of a ride for a while.
S
Smilin
Rising Star
Bronze Level
Well if you talk to me today, I am a fish. gettin sucked out, outdrawn and plain out not lucky. As a matter of fact I made the stupid decision to use(waste) my free entry I won yesterday in a WSOP sub-qualifier after losing 5 straight SNG's. Needless to say there's one word that will sum it up atm..........TILT. I am now on 7 str8 losses. Today I'm feeling more like I don't want to play again.