I have a few questions that in my time playing poker have popped up, and as yet are unanswered. I'll get right to it.
1) People say you need a certain (usually 20) buy-ins in order to financially justify playing at that level. How does this relate to super high stakes games, like the ones on tv? Can any of these guys really "afford" to be playing at such high limits (proper bankroll-management-wise)?
2) On a similar note, in the Durrrr-challenge Dwan and his opponent have to play something like 50k hands (I'm not sure). What if one of the players runs out of money while they're still playing? 50k is quite a commitment if you're running bad.
3) What do professional, full-time poker players do about taxes? Are you required to pay a percentage over your winnings? Seems unfair you pay when you're on a winning streak, but when you're losing, that's just the nature of the game. Can anyone (+BB/100) really beat this additional drain, assuming of course you are obliged to pay taxes over your winnings?
4) Does the profit or loss BB/100 hands take the rake into account, or does that still need to be subtracted?
1.) generally the higher you go the more buy-ins you need because edges are thinner. That high they have ppl buying a piece of their action and some are taking shots. i wouldn't worry about it.
2.) People who actually take him up on it are quality players and would either pick up where they left off when the player builds back their role or Durrrr (or the other player) might just let them walk if they break a friend
3.) you divide winning sessions from losing sessions and there is a seperate line for deducting losses on the tax form (assuming you are a US player)
4.) yes it accounts for rake
5.) thin means marginal. It can be either a thin value bet or a thin bluff. It just means that it is barely profitable
