Here is a brief story told from a 'friend'...and no the 'friend' is not me. I wish I had earned this much.

This is "pre-black Friday.

Friend is in college, has been grinding online poker for awhile. It's getting in the way of classes, he's been missing classes. Figured that he would save his parents some money. It's been weighing on his mind for awhile to tell his parents he's planning on dropping out of college.
He goes home for Thanksgiving break, breaks the news to his parents that he's been grinding online poker and wants to drop out of school. This goes about as well as you would think. They are adamant that he stay in school, he says, 'no, he's dropping out'. This goes back and forth a bit, before he decides to show him his online acct, and his bank acct. They are astonished by the amount that he has won.
They still aren't too keen on the idea, but they agree on one condition. He has to put 100k into a bank acct. If he ever has to dip into that acct, this is over and he has to go back school. He agrees.

Since then he has final tabled the Main Event and has over $4M in tournament winnings.
Not saying this is for everyone and that your results will be the same, just sharing a story.

Yeah, the feedback might be a lil' more "snug" that you would have found before Black Friday and other events that have transpired in the industry. But I'd still suggest trying to extract as much information as possible contained within this thread and other resources on the topic. You're going to eventually have to make this decision (and be responsible for the pros & cons of it) regardless of what suggestions are given, so take what you will out of the replies.

I have a unique interest in this thread b/c I'm a father of two teenage boys (both 14), one of whom is starting to talk about "sample sizes" and "optimal monopoly strategy" in a way that makes me wonder whether I will one day be on the parent side of this scenario.

It just depends on your relationship with the people who are supporting you financially. Like if my kids at 18 (legal age here where we live in Mexico) came to me with some sort of presentation along these lines, it would just depend... but I don't think it would take longer than 60 seconds to find out whether they're talking sense or not.

Money-in-hand, money segregated from game bankroll, money put back, money for personal/professional investment (or lack thereof) would likely be a deciding factor between them getting a reply like, "Wow, can I go and watch you play?" versus, "LOL GTFO." Unless it was a super-popular real money card game that was truly booming and had a low-entry barrier to profitable play, in which case I might be more easily persuaded.

I'm unaware of your personal situation or whether your parents' financial and life support is relatively perpetual. You might be in an advantageous position where you can pursue your poker dream without having to suffer many of the consequences if that dream doesn't work out. If so, maybe you can tolerate more risk. Regardless, this decision is going to be between you and your parents... and eventually boils down to what you go with.

Like bigruk said in one of the posts before this, be transparent in your communication with those who are supporting you financially if you follow through with your presentation. GLGL

OP, if your parents won't let you pay rent then suggest the following. Instead of paying them rent, you give them the amount to put in a savings account that you cannot touch. It shows that you actually make money and it gains trust.

It also makes them more comfortable to have a signal for when things go wrong. When the money stops coming, they'll know.

Include some parts about the confidence interval of your win-rate based on < 20,000 hands.

The reason for that is because with the information provided it seems like a bad move. Convince us otherwise:

*Is it accurate that your sample size is ~20k hands?
*Do you know enough about your casino to be certain that a full grinding schedule is possible at 29 p/h?
*What does your career look like at the moment? Do you have good prospects and do you enjoy your work or are you stuck with a ****ty job?

Tell them this way

Let your winnings do the talking. If you have to "tell" them then you're not ready yet.

You cant really have this both ways. Either you live at home, and they will be discouraged about how youre spending your time, and assume youre degenerate gambling away your life. Or you move out, see how it feels when youre making their ****ing Lexus payments.

What age are you anyway? Gotta move out some time.

So you can take girls home? Or just so you can live without having to ask your parents permission for HOW you live -- you know, like other grown ups do?

just move out a few months and move to a shady area...during that time, tell them you quit your job and you started playing poker. then complain about your living arrangements in that shady area and dont feel safe etc. make up some stories that get your parents worried enough so they tell you to come home. bingo. free rent.

or just keep playing part time

Word of caution :
If you follow this advice and move to a sketchy area, be on the lookout for a three armed guy wearing a do rag. He will block your car and steal your bankroll.

since your salary is so low you arent risking a whole lot. but i advise against poker as a living these days. the glory online days are done plus 1 tabling live will get old very quickly.

as for telling then a power point is just weird. just go into the conversation with all the answers to the typical questions a fish or someone that doesnt know poker will ask.

You sound like a sensible guy. Good luck whatever you choose to do.

I would point out that the action is getting worse in London tho and this is something you should factor in. I have been playing 2/5, 5/10 in London part time (~300hr a year) for about 5 years. The games now are far worse than they ever have been with more guys coming from Europe, rake increases, people moving from online etc. For example 4 years ago there was 5/10/25 in the vic every day in the afternoon, this game never runs any time of the day anymore.

Agree with a lot of people in the thread. Show them the money and the documentation. Show them that this is not a game to you, it's a business. You have revenues and expenses and a business plan. Explain to them why you are able to consistently win (and show them as much proof/documentation as possible of this) while many other players lose.

Also saying something or presenting a verbal contract like this really helps imo: "I've won 100k from poker and i'm only ever going to use money from that total to play poker with. I'll never dip into my non-poker funds and if my total earnings dip below 20k, then i'll quit poker forever and be happy that at least I won something"

If I were the parent I'd want to know where you saw yourself in five years, or ten.

Have you ever discussed your future with them, or your plans? What is your current job, and does it have anything to do with your degree?

Anyone that gives a **** about what his parents think isn't ready to play poker professionally.

albazzar, how old are you? I really hope you're not 27.

Until you're living on your own and supporting yourself, you're not an adult.

And when you're an adult, you make your own choices and live with the consequences. And you don't give a **** what anyone thinks, certainly not some strangers who live thousands of miles away and don't even know you.

No adult makes a PowerPoint presentation justifying his plans to anyone unless he's looking for financial backing—or unless he knows deep down that his plans are misguided.

The responses you find incredible are from people who understand how difficult it can be to make a living playing poker and therefore want to encourage you to pursue an education that will give you more options and more earning potential later in life. But you know better than all of them, right?

I gather you have no interest in school, and no interest in whatever **** job you currently have, right? Yeah, your parents are going to love this plan. The Emma Stone slide will sell it, for sure.

Good luck and see you at the tables. Maybe you'll be a dealer someday.

And tworooks' home casino was a sensible idea.

I can assure you once you tell them your gonna be "gambling" for a living, they're going to start charging you rent at the very least, or throwing you out at worst.

Do we even know OP age?

I'm going to assume 23

Will you be wearing a suit to do this OP?
I don’t think I could take you seriously giving a powerpoint to your parents in shorts n flip flops

All this comes down to is sample size, OP. I get the feeling you don't have enough hours logged yet. If you have <1k hours, stay part time. Once you have a 1k+ sample size and are still winning at a good clip, yeah go for it. And go for it regardless of what your parents think - you can always move out imo.

This.

Seriously don't do this. They will not understand. They will think that you are a degen with a gambling problem.