Open Side Menu Go to the Top
Register
20/40 for a living? Is it realistic? 20/40 for a living? Is it realistic?

07-10-2012 , 07:47 AM
Quote:
Originally Posted by Resultsoriented
Why are you guys being so rough on this dude on a semantic issue? A living to him means paying his bills and making it to next year with money to eat. A living to you means something else.

The answer to whether you can make enough to pay the bills and continue to eat and play at 20/40 is definitively yes. The answer to can you be married with kids, buy insurance, add to your retirement, build a nest egg and vacation once a year in Hawaii at 20/40 is almost assuredly no.
Thanks and exactly
20/40 for a living? Is it realistic? Quote
07-10-2012 , 11:11 AM
Quote:
Originally Posted by The DaveR
I guess in the GAAP accounting of life one one should be careful to delineate income from revenue.
In the GAAP accounting of life, women are the FASB.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 01:07 PM
Quote:
Originally Posted by AlanBostick
In the GAAP accounting of life, women are the FASB.
More like the SEC.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 01:13 PM
Quote:
Originally Posted by Resultsoriented
Why are you guys being so rough on this dude on a semantic issue? A living to him means paying his bills and making it to next year with money to eat. A living to you means something else.
I agree with you, but the OP did imply that "making a living" was somewhere around $100k/year in his first few posts.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 02:06 PM
I think to play pro you need a cushion. It could be other sources of passive income, having a ton of money to weather downswings, or being able to move down and still maintain a similar standard of living are all cushions. Playing 20/40 with a small roll leaves none of these cushions. You can't move down and maintain an income level that supports your spending and you don't have backup money or other sources of income.

At least playing 40/80 with a nice roll, you can move down to 20/40, you can run good and move up again which leaves you with even more downside cushion. Or you could run good and choose to pad your bankroll/immediate cash savings so you don't have to move down in the future. Can you scrape by only playing 20/40? Sure, but your chances or succeeding are not high and your ability to make a lot more money is also not high.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 02:55 PM
I think OP still doesn't understand that even winning players have years where they show a loss, or maybe only a slight win.

Which is a big part of the reason that everyone says you can't play $20-40LHE for a living. Especially in the places where those games are the best and something like $50-60K a year isn't all that much money.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 04:18 PM
This thread is hilarious, and will surely be locked soon, but Howmany/ikijigoku has had easily some of the best posts in regards to exactly what it takes to "play for a living" and just what the true swings look and feel like.

He might read 2+2 for entertainment, I read his posts for insight (and to confirm I don't have anywhere near what it takes to play poker for a living).
20/40 for a living? Is it realistic? Quote
07-10-2012 , 04:28 PM
i just wanna say that the lavate las manos ep of american dad had me laugh till i cried the first prolly 5 times i watched it during the scene from ur avatar
20/40 for a living? Is it realistic? Quote
07-10-2012 , 04:40 PM
Alright, since this has somehow spiraled out of control...

You can play 20/40 for a living. You need to be really good, be able to play a ton without degradation of your game, and have pretty low expenses since unless you're a superstar rebuilding, or in the greatest unknown goldmine somehow, it's going to be hard to earn above $20-$30 per hour. While that number seems like you can do it, unlike a real job you're not guaranteed it. There was an interesting thread on 2p2 probably in the '04-'06 range about how much of your winrate would you give up to guarantee it, and that answer was often 50%+. Then there's the problem that you don't have much of a chance to get a promotion (moving up may require changing locations) and that your game may be dying/dead already. In direct contrast to nl, where your friends (probably running hot, you wouldn't believe some of the people that are "pros" at that stake in terms of playskill level) have a chance to play 5/10 or bigger down the line that are way more likely to be there in a few years.

If somehow after all that you still want to do this, you're probably sick in the head, but at least update us.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 05:18 PM
Does one really want to spend that many hours per week/yr in a joint like Commerce playing 20/40 with some of the most irritable, janky, self loathing, depressed jackballs around?(and these are there good qualities)

You'd still be spending a good portion of your life with them. You really want that?
20/40 for a living? Is it realistic? Quote
07-10-2012 , 05:22 PM
Quote:
Originally Posted by AlanBostick
The Borgata 20 could indeed be the toughest 20 on the east coast and still be a very good game indeed. Just sayin'.
FW is tougher. Borgata has plenty of tough regs but is way more likely to get a couple of idiots at the table at any given time.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 05:42 PM
Quote:
Originally Posted by Lurshy
FW is tougher. Borgata has plenty of tough regs but is way more likely to get a couple of idiots at the table at any given time.
Everyone sucks in both games.

While this is true, until one believes this to be true one shouldn't be playing for a living. And once one does believe it they should be playing bigger.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 08:27 PM
Everyone does suck in the borgata game. Just take a shot and see what happens.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 09:06 PM
Quote:
Originally Posted by Lurshy
FW is tougher. Borgata has plenty of tough regs but is way more likely to get a couple of idiots at the table at any given time.
Wait, what?

The Foxwoods 20-40 is tougher than Borgata's?

The. Foxwoods. 20-40. Is. Tougher. Than. Borgata's???

You just broke my brain. I think I need to book a trip to Atlantic City.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 09:44 PM
In two years as a 20/40 and 40/80 "weekend warrior" my hourly rate was more than 2X what I was making at my day job. A few months ago I finally decided to go pro and...

I'll be looking for another job very soon.

Playing your A-game hour after excruciating hour, day after day (which is required to make a living) is not an easy thing to do. It's much easier to play that A-game when you walk into the casino all pumped up and ready to crush after a week of anticipation. And without the stress of not having any other form of income.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 10:36 PM
Quote:
Originally Posted by twoforgood
In two years as a 20/40 and 40/80 "weekend warrior" my hourly rate was more than 2X what I was making at my day job. A few months ago I finally decided to go pro and...

I'll be looking for another job very soon.

Playing your A-game hour after excruciating hour, day after day (which is required to make a living) is not an easy thing to do. It's much easier to play that A-game when you walk into the casino all pumped up and ready to crush after a week of anticipation. And without the stress of not having any other form of income.
How isn't playing your "A" game like doing a good job in anything else? Off days in any profession are normal.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 11:22 PM
Quote:
Originally Posted by kirbymontor
How isn't playing your "A" game like doing a good job in anything else? Off days in any profession are normal.
True, but at most jobs if you have an off day, you don't lose money.
20/40 for a living? Is it realistic? Quote
07-10-2012 , 11:27 PM
Quote:
Originally Posted by chillrob
True, but at most jobs if you have an off day, you don't lose money.
Agreed. I would assume that the person attempting to play poker for a living would be able to remove emotion from their play since it has become a "job" and accept the reality that runs of losing will happen.
20/40 for a living? Is it realistic? Quote
07-11-2012 , 12:02 AM
Quote:
Originally Posted by AlanBostick
Wait, what?

The Foxwoods 20-40 is tougher than Borgata's?

The. Foxwoods. 20-40. Is. Tougher. Than. Borgata's???

You just broke my brain. I think I need to book a trip to Atlantic City.
The 20 game at FW now sucks. Or at least I now suck. One or possibly both of those is true.

See you in AC...
20/40 for a living? Is it realistic? Quote
07-11-2012 , 08:15 AM
Quote:
Originally Posted by Barry
More like the SEC.
fasb sec and the irs with a wage garnishment sprinkled in
20/40 for a living? Is it realistic? Quote
07-11-2012 , 09:25 AM
Quote:
Originally Posted by The DaveR
Everyone sucks in both games.

While this is true, until one believes this to be true one shouldn't be playing for a living. And once one does believe it they should be playing bigger.
+1

Also, once you get to that point you will never be able to beat 20/40 again.
20/40 for a living? Is it realistic? Quote
07-11-2012 , 11:10 PM
Quote:
Originally Posted by AlanBostick
Wait, what?

The Foxwoods 20-40 is tougher than Borgata's?

The. Foxwoods. 20-40. Is. Tougher. Than. Borgata's???

You just broke my brain. I think I need to book a trip to Atlantic City.

I do not have great experience with many other venues. But I agree with Alan the FW 20 is not "tough"
20/40 for a living? Is it realistic? Quote
07-15-2012 , 04:53 PM
Quote:
Originally Posted by lawdude
I'm actually shocked at the number of live players I talk to, both people I know and people on 2+2 and other poker fora, who don't realize just how many hands you need to have a statistically significant sample in live poker and how long it takes to play that many hands. Remember, the typical online guideline was 15,000 to 20,000 hands. At 40 hands an hour, that's between 375 and 500 hours. Full time grinders get to that point in 3 months or so; recreational players may not get there for a couple of years. And that's the MINIMUM statistically significant sample. Online playing 1/2 and 2/4, I remember upswings and downswings playing out over 20,000 or more hands.

And of course, the higher limits you play, the greater the swings.
This hasn't been a big issue in this thread but I'm a nit so I'm going to call it out anyway. First of all, the online guideline wasn't 15-20k, it was like 150-200k. Secondly, online guidelines and live guidelines are hugely different because of the SD/WR ratios possible. 15-20k hands as statistically significant sample sizes only happen with the highest of winrates and lowest of standard deviations - like the kind you're able to generate at 20/40 live or 2c/4c online. When you look at 2/4 or 3/6 OL, you're looking at pretty small winrates for FR, and pretty large standard deviations for 6-max / HU.

It's always been the case that on a per-hand basis, live converges faster than online. But online, hands per hour dramatically increases, so a live pro who needs 20k hands and an online pro who needs 200k hands may have the same length of downswing on a per-time basis.

Yes, you will probably need several months as a live pro or several years as a recreational player to prove that you're a winner. No, the rationale for that isn't derived from a comparison to online play.
20/40 for a living? Is it realistic? Quote
07-15-2012 , 06:13 PM
Quote:
Originally Posted by jlabruno
Well then enlighten me. Cause if you are claiming nobody in the US makes a good living playing cash games as their sole income then you are clueless. There are TONS of people (And when I say tons over 1 million) who play poker for a living. I know of a dozen myself locally who do it playing 1/2 and 2/5
I would leverage every single thing I own that there are not 1 million people who been relying on poker as a living and been in black over a 3-4 year time period.


Quote:
Originally Posted by jlabruno
True. Was hoping someone who maybe calls themselves a poker pro playing 20/40 with a 3 year or more running experience could chime in and maybe give details on his average yearly income.
Biggest poker forum in the world. And yet not one person who posts in MSLHE has come forward to make this assertion. Is it a) because it's some elaborate ploy and they want to keep this goldmine to themselves or b) because no one does it.

Occam's razor in effect.

Quote:
Originally Posted by jlabruno
I found this post by someone on a blog related to this topic that I started..

Not my post


I played live NLH for five years at Borgata in AC. I played 2/5 about 75% of that time and a mix of 5/10 and 10/25 the rest. Sadly, left it behind for awhile around 2008 to finish college and pursue my career. Sadly, because the poker money was way better and I really do love playing. I don't regret it though. It's just life and I had fun. I'm working to build up a roll again. The game is different from before but not greatly. It's still very beatable.

I recommend mastering NLH and not limit. You are not going to find many donkeys in limit games 20/40 and higher. It's good to try and master any poker game for your overall abilities, but NLH is where the money and bad players are. That should be your bread and butter game. A strong NLH player has greater ability to protect hands and steal from weak players. That hardly exists in limit poker. I find limit to be swingier and NLH to be more in control. I do say that from experience after experimenting. I was beating 20/40 but I could be 2/5 NLH way harder. Also playing limit that much probably leads to suicide. It's disgustingly boring. However, you need to evaluate your temperment and strengths before choosing which way to go. I knew a few people that whipped 40/80 there for a nice amount per year. They wouldn't tell me exactly how much. I'd guess some were close to 100k. They did have years of experience and a mastery of the game.

My hours varied because I was a party animal then, but I played between 30-60 hours a week. Probably averaging 40-45. I was winning 75-100k those years. I had all winning years but I definitely had losing months and some bad stretches. It's only natural. I was winning about 80% at NLH. Limit was around 60ish. I stopped playing any limit after year one.

I recommend you ask yourself which game you can enjoy playing more. Don't play limit just so you can reach that milestone of 1BB per hour. Play what you are best at. Do you have a preference? Are you more of a trapping tricky player? Are you a good reader of your opponents? Are you good at betting thin value? Can you make big laydowns? If you believe you are a more scientific disciplined player, play limit. If you are tricky, know how to trap, and can read well, play NL.
You already got advice from another live pro. I seriously doubt any real lhe pro will state LHE = less variance than NLHE.

It's disgusting how sick it is.


Quote:
Originally Posted by jlabruno
Look I am not looking to get in a pissing match with anyone. All I am saying is to make it sound impossible it sounds a bit extreme. You want to say maybe 1 in every 100,000 people who try can make a living playing 20/40 well ok then fair enough. But to make it sound impossible is a bit extreme to me. And if 20/40 is no way someone could make say 60 k per year (which is what my thread was basically asking) well then what lmiit is it possible? 40/80 , 5/10 NL?


[IMG]http://*******.com/uploads/generated/g1337436914921846786.jpg[/IMG]

Last edited by gameoverjc; 07-15-2012 at 06:22 PM.
20/40 for a living? Is it realistic? Quote
07-15-2012 , 07:27 PM
Love the pic lol
20/40 for a living? Is it realistic? Quote

      
m