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Old 11-15-2009, 12:27 AM   #1
dlee73
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35, wife losing job - Advice

My wife will be losing her job in shortly. I'll have about 5k for a bankroll and 25k behind for an emergency fund. My day job can sustain all of our fixed bills. Is it possible for a 35 year old (seems like a dino in today's game) to grind out a 1k a month to start playing almost a full time schedule? That's all I need to cover expenses. Rakeback should help too. Any advice? I am planning on 6 max NL 50 to start. Trying to be conservative bankroll wise. Maybe NL 100. Assuming I'm not a total donk what's a decent player make at that limit? Can someone my age rise through the limits given I put in the hours?

Also, I haven't withdrawn in the new era (thanks Frist), is it easy to consistently cash out? Maybe a monthly check?

Any thoughts are appreciated. Thanks!
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Old 11-15-2009, 12:44 AM   #2
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Re: 35, wife losing job - Advice

go pro imo

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Old 11-15-2009, 12:49 AM   #3
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Re: 35, wife losing job - Advice

Playing poker with the intention of making money probably won't work out imo
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Old 11-15-2009, 12:53 AM   #4
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Re: 35, wife losing job - Advice

Your age is irrelevant (I hope this is true anyway, for my sake also), you either are or aren't equipped to learn and play the game.

But you can't give up your job without having a clue if you are +EV at poker to the extent that you can make a living from it.

What you earn from the game at any given limit will be the product of

bb/100 * hands * BB.

But until you've played hundreds of thousands of hands you won't have a clue what your BB/100 is. If you are +EV then over the long term your earnings are limited only by the hours you put in.

$1k/month doesn't sound like a living wage if you are US, and if you are outside US, and $1k/month is enough then cashing out shouldn't be so much of a problem if you are with one of the big sites.
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Old 11-15-2009, 01:01 AM   #5
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Re: 35, wife losing job - Advice

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Playing poker with the intention of making money probably won't work out imo
Ok seriously, GTFO. Every player plays with the intention of winning money, otherwise no one would play and many do win.

Now, I assume you are new to poker right? If that is the case then you will not win during your first month or two(probably). After that however, it is possible to win over $1K/mon at NL50 easly, and if you learn to 4 table, your rakeback can be $800+/mon.
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Old 11-15-2009, 01:01 AM   #6
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Re: 35, wife losing job - Advice

Depends on how many productive hours you can put in. You have a day job, which is going to limit how much you can play, at least well. To make 1k at 50NL is 20 BI/month, which is a pretty ambitious clip for a guy who earns a regular paycheck, but not necessarily impossible, depending on how many tables you play. If you try to play too much, and especially if you're putting pressure on yourself to hit certain target amounts, you're going to play worse, and you risk screwing up your real job. What you're talking about isn't impossible, but proceed with caution.
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Old 11-15-2009, 01:59 AM   #7
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Re: 35, wife losing job - Advice

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Originally Posted by mmac900 View Post
Ok seriously, GTFO. Every player plays with the intention of winning money, otherwise no one would play and many do win.

Now, I assume you are new to poker right? If that is the case then you will not win during your first month or two(probably). After that however, it is possible to win over $1K/mon at NL50 easly, and if you learn to 4 table, your rakeback can be $800+/mon.
lol wut?

hows your 10NL grinding life treating you?
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Old 11-15-2009, 02:02 AM   #8
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Re: 35, wife losing job - Advice

You might be a little old to start a career in poker but you are at a perfect age to kick the wife to the curb and look for another. Assuming she does not want to get another job.
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Old 11-15-2009, 02:05 AM   #9
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Re: 35, wife losing job - Advice

OP keeping job but playing poker for supplemental income?

1k earnings at 50NL is tough. It's probably easiest to rakeback grind full ring. Especially if you're new. It's hard to put enough volume at 6max. I think you need 40k hands/month with an average win-rate to earn 1,000$ at 50NL.
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Old 11-15-2009, 02:07 AM   #10
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Re: 35, wife losing job - Advice

teach the wife how to play online poker whilst she looks for a job and stay at work!

Sometimes ppl dont know how gd they have things in employment. Work is hard to find, you dont want to be on a downswing looking for work. trust me. GL to u both whatever you do
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Old 11-15-2009, 02:07 AM   #11
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Re: 35, wife losing job - Advice

Age has nothing to do with this.

Honestly I dont want to sound like a jerk but if you don't know the answer as to whether or not you could sustain a living from playing poker then it is still too early for you to do so.

Like, what's your poker experience? do you have a lifetime graph? How did you get a 30K bankroll?
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Old 11-15-2009, 02:19 AM   #12
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Play 6 hrs a day 6 tabling nl50 and you can make 1k off rb along
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Old 11-15-2009, 03:21 AM   #13
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Re: 35, wife losing job - Advice

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Originally Posted by Wish View Post
Depends on how many productive hours you can put in. You have a day job, which is going to limit how much you can play, at least well. To make 1k at 50NL is 20 BI/month, which is a pretty ambitious clip for a guy who earns a regular paycheck, but not necessarily impossible, depending on how many tables you play. If you try to play too much, and especially if you're putting pressure on yourself to hit certain target amounts, you're going to play worse, and you risk screwing up your real job. What you're talking about isn't impossible, but proceed with caution.
this
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Old 11-15-2009, 03:23 AM   #14
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Re: 35, wife losing job - Advice

having rakeback is a huge must too of any grinder... such a difference!
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Old 11-15-2009, 03:30 AM   #15
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Re: 35, wife losing job - Advice

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Age has nothing to do with this.

Honestly I dont want to sound like a jerk but if you don't know the answer as to whether or not you could sustain a living from playing poker then it is still too early for you to do so.

Like, what's your poker experience? do you have a lifetime graph? How did you get a 30K bankroll?


I dont think he has a 30K BR, I believe the 25K may be living expenditure for emergencies?
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Old 11-15-2009, 03:49 AM   #16
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Re: 35, wife losing job - Advice

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Originally Posted by mmac900 View Post
After that however, it is possible to win over $1K/mon at NL50 easly, and if you learn to 4 table, your rakeback can be $800+/mon.
?? maybe I'm missing something. I finally got rakeback at Full Tilt so my numbers aren't based on more than a few days of play. So far 4 tabling 50NL generates about $3/hour in rakeback. You would need to play 83 hours a week to hit 1K/month in rakeback at this rate.
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Old 11-15-2009, 04:26 AM   #17
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Re: 35, wife losing job - Advice

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?? maybe I'm missing something. I finally got rakeback at Full Tilt so my numbers aren't based on more than a few days of play. So far 4 tabling 50NL generates about $3/hour in rakeback. You would need to play 83 hours a week to hit 1K/month in rakeback at this rate.
Or 8 table for 40 hours....



Anyway, OP, giving up your job and grinding poker when you don't even know if you can be a winner may not be as good an idea as spending some time trying helping your wife try and find a new job.

Or... get her on here to learn poker so she can grind while you go to work
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Old 11-15-2009, 04:34 AM   #18
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Re: 35, wife losing job - Advice

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Originally Posted by Bumbaclat View Post
?? maybe I'm missing something. I finally got rakeback at Full Tilt so my numbers aren't based on more than a few days of play. So far 4 tabling 50NL generates about $3/hour in rakeback. You would need to play 83 hours a week to hit 1K/month in rakeback at this rate.
4 Tabling 50NL generates appr. 40$/1000 hands so that's 4$ an hour even with a really, really bad RB deal. After you factor in bonus whoring, you'll probably be beating minimum wage. It's 6 Tabling 100NL for 6 hours a day that hits 1,200+ RB at 33%, if you bonus whore Cake, you could probably hit 2k a month if you jumped from skin to skin.

100NL is about where you can quit your medium salary job, but it's probably not worth the variance, just play part time until you're consistently beating 200NL IMO or play PLO where the RB is sick.
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Old 11-15-2009, 04:38 AM   #19
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Re: 35, wife losing job - Advice

Cashing out is no problem.




The rest really depends on how good you are.
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Old 11-15-2009, 04:55 AM   #20
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Re: 35, wife losing job - Advice

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4 Tabling 50NL generates appr. 40$/1000 hands so that's 4$ an hour even with a really, really bad RB deal. After you factor in bonus whoring, you'll probably be beating minimum wage. It's 6 Tabling 100NL for 6 hours a day that hits 1,200+ RB at 33%, if you bonus whore Cake, you could probably hit 2k a month if you jumped from skin to skin.

100NL is about where you can quit your medium salary job, but it's probably not worth the variance, just play part time until you're consistently beating 200NL IMO or play PLO where the RB is sick.
this. just this. nothing else.

utterly and completely this.

Ppl think oh if i just give up work I could step up my game;
start my own business,
become a professional poker player,
become a cage fighter,
win x factor,
become a stripper.

No phyck no you cant!

Unless you've seriously invested hard graft time into whatever it is you want to do WHILST you're working. ie if you got saggy maggies and do a bit of moonlight stripping but dont make enough but feel like oh if give up work to be stripper then I might make some real money.... NO! you're raggerty ass isnt gonna get any money!! Then you'll be out of work and think oh phyck a boob job wld be a great idea right now.... i'll get a min paying job to pay for a boob job so I can earn as much as I was earning before but doing twice as much work. Then plastic maggie realises she's just an ugly phyck and cant strip for beans from a local homeless centre.

Although my point is slightly eccentrically erratic. Momemtum is the essential ingrdient required in this scenario, if you dont have 24 months beating the game behind you then you're crazy to give up a steady income to do anything like this. Just do some overtime dude.

Last edited by TopPair2Pair; 11-15-2009 at 05:03 AM.
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Old 11-15-2009, 05:03 AM   #21
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Re: 35, wife losing job - Advice

op your age is irrelevant to your capacity to win at poker. but if you have no/limited poker experience 50nl max may be too much for you to cut your teeth.

oh, and pics of wife.
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Old 11-15-2009, 05:10 AM   #22
breathweapon
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Re: 35, wife losing job - Advice

Totally disagree, encourage your wife to be a stripper, that idea is way better - and pole tricks are awesome.
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Old 11-15-2009, 05:14 AM   #23
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Re: 35, wife losing job - Advice

If I understand you correctly OP, you're keeping the day job and just need to grind out an additional $1000/month? (I'm confused about the full time schedule part you mentioned).

Anyways that's less than $50 a day so with a 5K bankroll- sure!

(If you're good then learn all the games so you can stay fresh and go where the profit takes you).
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Old 11-15-2009, 05:20 AM   #24
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Re: 35, wife losing job - Advice

Put this thread in BBV imo
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Old 11-15-2009, 06:05 AM   #25
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Re: 35, wife losing job - Advice

yeah, without rakeback this is probably gonna be quite a stretch for someone without previous positive results. at least if you get rakeback you can earn a couple hundred++ if you are playing break even poker, or even to cushion your downswings without breaking the bank
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