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Playing live for a living question Playing live for a living question

07-15-2013 , 01:33 PM
Was looking to get some different thoughts/views/comments/opinions on when playing live cash games for a living say you set a goal for each day lets say your goal is to make $200 each day. Normally when you reach your daily goal you cah out you've done what you came to do. But what if the game is really soft and or juicy what ever the case may be, you've already made your daily goal should you stay until the game dries up or take your daily goal and leave?

I feel taking your daily goal and leaving is the smart play for the long run to stay consistent mainly. But I have heard/read a lot of players say to never pass up a "good spot" even if it means risking profit.
07-15-2013 , 01:35 PM
There's an entire thread all about Playing live, Win Rates, Bankrolling and I think there's a new thread that's all about people who already do play live, and how they feel about it and their advice. Try searching for either of those or maybe both.
07-15-2013 , 01:47 PM
there have been dozens of OP trying to be a professional poker player type threads


http://forumserver.twoplustwo.com/17...layer-1344624/
07-15-2013 , 01:49 PM
Don't play for a living OP. I can guarantee it won't work for you right now.
07-15-2013 , 02:18 PM
There is already a thread for this kind of of question.

But please understand that the nature of your post indicates that you are absolutely not ready to play for a living.

A pro does not try to win $200 per day. A typical pro will have a certain number of hours/ week he will aim to play. He has an average winrate ( $ / hr ), which gives him a general idea of what to expect each week. So if his winrate is $15/hr, and he plays 40 hours per week, he can expect to earn $600 / week on average.


I can tell you that NO successful pro is leaving the table after 1 hour of play, simply because he has earned his daily average.
07-15-2013 , 02:52 PM
When you are thinking of playing for a living it is good to try and form a realistic estimate of what your win rate can/needs to be. Most people calculate it in terms of $/per hour but using the same data you can manipulate it so it is in terms of "average per session". As stated most people calculate it by $/per hour, but it's personal preference how you want to look at it for your purposes.

Having said that Op I think you don't understand what average per session actually means. Your average comes from the results of all the time/sessions you put in. You get to your average by having sessions that are way above the average (from good games and running even more above EV) and that then counter act your bas sessions where you run bad/ make mistakes. the times you crush the game for a 1k in a session counter acts the $200 loses you will have. All of this assumes of course that you actually beat the game, which even players that are better than their opponents sometimes do not do long term because of the rake.

If you want to have an average of "200 per session" you shouldn't leave as soon as you hit the goal. You should stay as long as your are playing your A game and the table is beatable for the win rate you are trying to achieve. You should leave when for what ever reason you are not able to play at level where you achieve your desire win rate (fatigue, bad table, tilt, ect).
07-15-2013 , 03:05 PM
Lol it's quite funny how everyone on here assumes, jumps to conclusions, and has a definite answer. The "question" wasn't for me for one. Two all of your responses are opinions. As long a you have a system/plan that you stick to and the end result of that plan is consistently working(winning) for you I don't see how it could be wrong? Is it really that wrong that say you want to make 4k a month playing live it doesn't really matter if you win 4k the first hand of the month and don't play another hand after or if you grind out 8 hour sessions and how ever much u win is how much u win until you meet your monthly goal.
07-15-2013 , 03:06 PM
This is going nowhere.

What happens when you never hit your goal?
07-15-2013 , 03:09 PM
The day's you make $200 in the first hour are the days you can make $1000 over 8 hours.

Monetary goals are stupid, there are going to be decisions to make, make the right ones.
07-15-2013 , 03:12 PM
It's an imaginary scenario.. The numbers are irrelevant because they aren't real in this case.. No one is actually talking about $200 per day.
07-15-2013 , 03:12 PM
so are hourly ones

play as long as the games are good and you are playing well
07-15-2013 , 03:23 PM
Go for it bro. There's all those monies out there to be had. Go get some of it!!!
07-15-2013 , 03:23 PM
Quote:
Originally Posted by miamicheats
so are hourly ones

play as long as the games are good and you are playing well
I agree with I do play for a living myself with no daily or monthly goals. I was posting for a friend who I could see where he is coming from. He has to make enough to pay his bills has a wife kids etc and having a daily goal is a more secure route when there is no other option of making enough money or not because he has to. It's not about grinding and this game is juicy I can't leave he simply needs X amount per day over x amount of total days per month to make enough for his bills and family. What do u think in that situation? Besides "get a real job"
07-15-2013 , 03:29 PM
I think you should both get a real job.
07-15-2013 , 03:32 PM
Quote:
Originally Posted by spikeraw22
I think you should both get a real job.
Cool story. I love uneducated poker players.
07-15-2013 , 03:35 PM
Quote:
Originally Posted by MAN_MBN
I agree with I do play for a living myself with no daily or monthly goals. I was posting for a friend who I could see where he is coming from. He has to make enough to pay his bills has a wife kids etc and having a daily goal is a more secure route when there is no other option of making enough money or not because he has to. It's not about grinding and this game is juicy I can't leave he simply needs X amount per day over x amount of total days per month to make enough for his bills and family. What do u think in that situation? Besides "get a real job"
Poker is not a hourly wage job that you can clock a certain amount of hours and guarantee a return. You can't walk into a poker room, play for 5 hours, and then walk out with $200, nor can you play until you make $200, and expect these events to be a linear occurrence.

Clearly neither you nor your friend have played enough poker to understand that, and I strongly advise you two to not rely on poker as sole income.
07-15-2013 , 03:36 PM
Quote:
Originally Posted by MAN_MBN
Cool story. I love uneducated poker players.
LOL, did you really just say that?
07-15-2013 , 03:43 PM
You guys are so amusing. So quick to attack point fingers poke fun judge etc when you have no clue about me or my poker career. I stated the thread wasn't for me for one. I just said I don't use daily or monthly goals in my own game and you guys continue to say irrelevant things about me and my game lol.. It's redonkulous
07-15-2013 , 03:57 PM
You need to track your current win rates then see how many hours you need to play each week. What happens if u leave after $200 on Monday and lose $200 on Tuesday? Is ur hourly rate enough to sustain your lifestyle with the hours that you can put in each week? The answer to that question is what u should focus on.
07-15-2013 , 04:00 PM
No one is trying to attack you, they are trying to help you. You are asking a question that strongly suggests that you are not qualified to play poker professionally. The fact that you are asking for a friend is irrelevant. If you knew what you were talking about you would be able to explain to him on your own why his idea is no good.
07-15-2013 , 04:14 PM
if you stop at $200 on your winning days, do you see how your daily avg will be less than that once you include your losing days?
07-15-2013 , 04:15 PM
Quote:
Originally Posted by matrat
No one is trying to attack you, they are trying to help you. You are asking a question that strongly suggests that you are not qualified to play poker professionally. The fact that you are asking for a friend is irrelevant. If you knew what you were talking about you would be able to explain to him on your own why his idea is no good.
I've explained to him my opinions and beliefs he wanted more feedback I'm only one person. I do successfully play for a living. I don't need someone behind a 2+2 name telling me I'm not capable of playing professionaly when I've been earning a living via poker for the past 6 years.
07-15-2013 , 04:17 PM
Quote:
Originally Posted by DeepStack bMAC
You need to track your current win rates then see how many hours you need to play each week. What happens if u leave after $200 on Monday and lose $200 on Tuesday? Is ur hourly rate enough to sustain your lifestyle with the hours that you can put in each week? The answer to that question is what u should focus on.
Yeah I don't agree with a daily number but you should have a rough monthly average/goal. Tracking,game/table selection, and knowing when to quit both when winning and losing are key.
07-15-2013 , 04:23 PM
Quote:
Originally Posted by MAN_MBN
You guys are so amusing. So quick to attack point fingers poke fun judge etc when you have no clue about me or my poker career. I stated the thread wasn't for me for one. I just said I don't use daily or monthly goals in my own game and you guys continue to say irrelevant things about me and my game lol.. It's redonkulous
Your question has been answered multiple times. Do you not like the answer?
07-15-2013 , 04:40 PM
Quote:
Originally Posted by TeamKB
if you stop at $200 on your winning days, do you see how your daily avg will be less than that once you include your losing days?
No kidding.

Assuming you play 25 days a month with 5 days off.

Let's give you a very generous 80% win percentage and a very generous $150 average loss.

200 x 20 = $4000.

5 x 150 = $750.

4000 - 750 = 3250.

Above is a very unrealistic breakdown, and even then, you're averaging $130/day, or $16.25/hr.

A more realistic breakdown:

65% win percentage

200 x 16 = 3200.

150 x 9 = 1350.

3200 - 1350 = 1850.

Average of $74/day, which translate to ~$9/hr.

Go ahead, argue away.
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