Quote:
Originally Posted by ColliePoker
10bb/h is an achievable goal for consistent regs in softer games. So, $20/h. Some people live off that for sure. But yeah, probably in a basement apartment with 3 roommates, if it's a major city.
Even if one makes $20/hr at poker and one can live off a $20/hr job, that win rate at poker is not the same as that wage at a job. Living off that poker income requires more than just poker skill. One would also have to be very disciplined about money management.
The thing to remember is that a $20/hr win rate at poker is an AVERAGE. That does not mean play an hour, get $20. Play 10 hours, win $200. Sometimes you will go through stretches where you will make $100/hr or more. Then you will go through others where you lose $10-20/hr. You will have an income with a high variance.
However (at least everywhere I’ve ever lived) your life expenses have zero variance. You owe the same rent or mortgage every month. Your landlord or bank don’t care that your AA has been getting cracked by some moron who shoved Q9 pre and spiked two pair. Your utility bills will continue to be due each month regardless of how you are running at the table. That’s why one must be disciplined at money management. When you’re winning that $100/hr don’t go out and buy a fancy new suit or go to an expensive dinner. Put that extra in the bank to cover the inevitable downswings. Only by being disciplined can one actually make a living at poker long term.