Quote:
Originally Posted by Kelvis
Yes.
By the way how can travel costs/hotels/etc ever chew up profit margins at $1000/day? And why on earth do you need to build a bankroll when you can get $20k/month easily without effort and stress.
I can only go off what I have experienced. Who said anything about easily and without stress? Run a 10 to 15 tournament streak without a cash, doubting yourself and abilities while cranking through $1000 to $1500 of your bankroll. Variance exists in every format.
Go to the Flamingo in Vegas. $60 to $70 tournaments at Midnight, 10am, 1pm, 4pm, 6pm and 9pm. You will find 90% fun players at these tournaments. Let's say I play 2 a day and do that for a week. 14 tournaments x $70 = $980 in entries. I will cash in these tournaments 5 times on average and have $2800 to $3500 in total winnings. Net $2500ish. Now, if I live in Vegas that is great. I can make $125K a year doing something I love. If I don't live in Vegas. I am looking at $120 to $150 a day in expenses. That is a large percentage of my total income.
Now if you live in southern Michigan and running between, Firekeepers, Detroit Casinos and Hollywood in Toledo. Figure your expenses on that. If I posted pie in they sky on my first post, I apologize. It is a grind and your expenses can eat up your profits if not careful.
So, yes it is possible to make a living playing low buy-in daily tournaments, they are very soft and yes it is possible to have an amazing ROI. Start looking for the largest guarantees that your bankroll allows you to play. If I was in Vegas I wouldn't be sitting at the Flamingo all the time that is for sure. But, I do want to play where the pro's are not and be where the largest amount of "fun players" are. Not your traditional line but it is profitable.