Quote:
Originally Posted by senjitsu
they should if you have your bankroll completely segregated -- which is optimal.
But most people playing lower stakes live professionally or semi-professionally are, to some extent or another, living out of their bankroll.
If you do this, then you definitely have to take your expenses into consideration when determining the nec. bankroll for your stakes and winrate.
Only reason I want to take my expenses into account is to simply be honest with myself. Yea if I buyin for $100 and cash out for $500, I made $400. But if I got gas, food, and some drinks and paid out of my pocket (and not from my chip stack which I think
should be taken into account, even w/e you tip the dealers) I really didn't
make $400, I
won $400, and only
made $400-expenses. Imo, its not just a matter of how much you win or make, but how much you KEEP. I think monitoring your expenses (on top of your losses) gives you a more realistic and raw number. Just wanted to get some feedback on it, and the best way to keep track of it. I'm probably gonna make a spreadsheet to keep track of everything and just fill in the blanks after every game. A sheet for buy ins, cash outs, profits, hours, game type, etc for cash and tournaments and a separate sheet for expenses.
I am trying to keep my poker bankroll separate from what I make at my day job, eventually I know I'll end up "withdrawing" something for personal expenses or w/e. But like a business expense, if I was on a business trip and went out to dinner with client or co worker or meeting w/e, that dinner is a write off and an expense - the same as eating at the casino right? Whether I'm a pro or casual player?
MOD: Thanks for moving my post, a lot more info and action in here!