Quote:
Originally Posted by Koshka
It's frustrating. We all agree that most in here are rooting for Pman, myself included.
Most aspiring pros that move to Vegas and take their shot usually do it at a point like Star Wars Episode 4-6, the middle of their journey. They do it after having some success playing recreationally and have saved up a roll of some size. When success is a possibility.
Pman is starting his journey from Episode 1, like he woke up one day and said ya I'm moving to Vegas to take my shot. Yay, I'm in Vegas. Ok, I guess I should learn basic fundamentals and strategies now.
Sorry if that makes me an angry poster as you say but the fact is, you haven't even proven if you can beat 1-2 long term. Am I harsh? Ya. Am I wrong? No.
If you are going to put yourself out there and you mess up, you should expect to get criticized. But it's out of love and a hope you'll learn from it. Now if you keep getting criticized for the same mistakes to the point you get irritated, you can either blow it off as those darn haters or finally learn from it and fix it.
To me the biggest issue is he has given himself 0 shot of making it. He said in his latest vlog that he has failed at being able to sustain his lifestyle playing poker, which it appears was his goal. In order to sustain his lifestyle he needed to do what? Pretty sure he said his rent was $1,500 a month (could be wrong, but at least that I believe) and he has to be spending $600-1,000 on other stuff, so his monthly nut has to be pushing $2,500.
Maybe he is super cheap on other stuff and it is $2,100, but that still means since moving to Vegas in February he would need somewhere between $8,500 and $10,000 in profit just to sustain his lifestyle. I am not aware of an actual long term hourly, but even if it is the magical $20/hr he and many others seem to throw around as a wage at 1/2, then he would have had to play somewhere between 425 and 500 hours just to sustain. If he plans on paying taxes he probably would have needed to make another $1,500-2,000 and put in another 75-100 hours, totaling somewhere between 500 and 600 hours.
That is just to sustain, not grow his roll, make investments for passive income, etc... That is 125-150 a month. I haven't watched many of his vlogs or looked over all his comments, but did see a post in mid April saying he had 23 hours that month, which is a maybe 50 hours month. He would have to be making $60 an hour to make his monthly nut.
In one of his original posts he said he wanted to make $35,000 a year. At $20/hr that is 1,750 hours. He was nowhere close to putting up that volume. I know he has medical issues that he claims caused him to be unable to put in volume, but he had those issues prior to coming up with the plan. If he knows he can't put in that volume then he has 0 shot to succeed.