Bankroll Management in Poker 

I think 20-30k would be easily doable

50 to60k? Im just guessing bart. But it comes from the perspective of what if you have a couple REALLY rough weeks in a row? Better have that and an extra 20k just to be able to hold on and then rebuild.

10,000 minimum for a good TAG player 30,000 for a LAG. This also implies we will move down to 1-3 if need be.

Drew Perez 10 buy ins?!?

40-50k as a minimum

Roth is great but capped at 6k a year. 6k max contribution per year x30 years at 10% yearly which is above average return for most people you'll have 1 million for retirement. Now factor inflation with all current money printing.... 1 million in 2050 isn't going to be a lot of money. Also lets not forget very few people make 100k playing 3/5 $500 max buyin game. Playing 5 days a week you'd need to average winning a full buyin every single day played with virtually no losing days. Then factor playing weekdays against almost all regs having little to no edge while dumping rake. To make 100k you have to be cream of the crop 3/5 player. Many casinos even in vegas don't get many if any 5/10 games. And if you are lucky enough to find a 5/10 game in your local casino you will definitely not be playing fish. Realistically you'll be LUCKY to make 100k a year if you become one of the best players around. Players making more than that these days are world class talent. So upside is very capped. I lived west LA for a decade and still have many friends that way. Most make in the 100k range working fairly average jobs. Trow in matching 401k contributions, benefits and you are way better off finding a good job. Why do you think many top pros started teaching courses, yt channels, etc? Teach their opponents for sake of being nice? Reality is they looking for security and ways to supplement their income because they aren't making millions playing poker. Same goes for top tournament pros too. Most of them get staked and take markups for security because they don't feel comfortable only playing with their own money long term

My 401k last year was 18k max and I use Roth. My employer goes through Empower. Not sure where you're getting 6k from.

@@kellyallen8528 IRA is capped at 6k. 401k is 18k cap.

Yeah. Especially when we go through rough periods of bluffing into the nuts and overall losing. That’s the hardest thing for me

or just be a software engineer and get that without the risk

great advice. Avg salary in LA is 75k/year. Add in health insurance, benefits and its just about 100k yearly poker dream. Working an average job... Games are mostly good on weekends anyway when most recs show up. Little edge battling regs during week.

Bart’s point is that if you are smart, hard-working and disciplined enough to make $100k/yr playing poker, then you could make more than that at a variety of careers. Put another way, it is the rare person for whom poker is their most profitable career path.

@@monsweko perhaps, but my point is, I would rather be playing poker than doing those other career options. Life isn't all about money. Doing what you are called to do is key. I am not the only person who would rather sit at a poker table for the next 30 years, instead of a cubical. 100k a year will do fine. (Personally speaking though, I know there's much more to be made ;) )

100k a year ain't much to live in California. After taxes that 60-65k. 5,000$ take home isn't exactly "living the life". Barely getting by to be honest lol. And if your able to make 100k a year gambling then your definitely smart enough to start your own business and make exponentially more.

@@aaronsoto4622 you know, a lot of people say this, but there really isn't much proof of it. Even Doyal tried multiple businesses and ended up always going back to poker. Many poker players have tried starting businesses and didn't make it. Some do, but the two don't seem to work out as often as people think. Even a company like 3bet, very popular poker clothing, closed. Again, it's all about what you want to do. Anybody can do anything, but what is it you want to do. I would rather make 100k a year playing poker than 200k a year being a crane operator in NYC. I've learned many things in my life. Two main lessons that pertain to this topic are, it's not all about the money. You have to make enough for your personal version of success and savings (which may be in the billions literally or as low as 30k a year) and the other lesson is, just because you can be doing something else, should you be, and even are you called to it? I could go make 300k a year selling Ferraris. I used to be a very successful car salesman. I hated it. I hate the idea of credit and watching so many people buy cars on loans it gave me nightmares. So many people don't know how to properly save money for things they want, that it deeply disturbed me to the point I quit. Could I make more money? Yes. Could I do it? Yes. The question everyone forgets, is should I be doing it? That comes with many little questions, for example, do I like it? Do I feel productive? Really it all comes down to, what are you called to do. For me, a mathematical game where you and others get to have fun while competing at a high level for profit. Honing out skills to become even better, and when people like engineers play, it's like doing fun math homework. They go onto be more productive at work, coming in every week or so, while I keep using my skills against everyone else who comes in and out to play poker. It's very similar to professions such as being movie star or a teacher. I myself isn't bringing much into the world in a traditional sense. I'm not building something ect. I am there though, so that the people who do those types of things, run businesses ect, have a way to relax and learn in a fun environment. It really is like being a teacher. Helping others use their minds and to be more productive in their field of work.

I mean shit..100k/yr u can buy a business and hire someone to run it..end of the day Poker still a job..take ur $$ and make it work for you in whatever way you can. Rental properties.. laundromats..ATMs.. Vending Machines.. whatever man once u get the money..it's up to you to make it count for something. It feels like ALOT of poker players and ppl in general aren't particularly good at that aspect. Setting up things that'll keep going when they're not. I don't really wanna be handcuffed to anything lol. But ya definitely getting money isn't the hard part in poker..it's figuring out what to do with it and that's the key imo.

Yea when I play during the week I usually lose but Friday and Saturday sometimes thurs I usually win something

Maybe learn to improve your game so you don't have to bum hunt. OMC and nits overall are not tough to play against

i have grinded 1-2 before and you can make more than minimum wage. like 20 dollars an hour at 1-3 like 30 and 2-5 like 40-50. my point is you can make more than minimum wage at 1-2 and if you move up to 2-5 you can make decent coin.

30 an hour at 1-3 300nl. Haha. You better be the best in the world... literally.

Aaron Soto it’s not hard for a good player to do it if it’s capped at 500 or so vs capped at 300. The cap kills your rate at those games but having it uncapped usually leads to it playing like a 2-5

josofo2 I’m sure those numbers are attainable for 5%-10% of the player pool. But the reality is you could make a minimum of $20/hr doing Uber eats up to $40-$50 during promotion times. Guaranteed with no variance and weeks of losing or making nothing.

Aaron Soto some of these games are suuuuper soft, making 500-800 consistently in 1-2/1-3 sessions at the right casinos is pretty standard. I’m in New England btw

Thank god for the Realist in the room hahahahah. Good, simple to understand advice brother.

Agreed!

Hardly anyone makes 100k a year playing 3/5. Even if you were lucky enough to get good enough to pull that in poker in LA avg salary is 75k a year. Add health insurance, benefits, matching 401k, stock options etc. So essentially the big poker dream in LA is earning an average persons salary. Irony in all this is poker dealers in CA after tips earn more than most 3/5 poker pros lol

@@Andy-ug2hm well said...hardly anyone in real life makes 100k/yr period...let's face the reality of life, how much pretax do you have to make in a 9-5 job to come out to 100k cash per year? No one is making millions a year in life anywhere except professional athletes, entertainers, etc...regular professions which make up 99% of today's workforce would take 100k cash as a yearly income in a heartbeat.

100k?! Lol a wife and three kids. I be broke and homeless if I made 100K a year

You actually don't have immense freedom. You have to put the time in to make the money. Furthermore, you realize at a certain point that your income is totally dependent on your being mentally focused and having good health. So while you have some freedom in terms of choosing when you want to put in your hours, you are still chained to the table. No paid vacations. No medical. If you can't play for any reason you are SOL.

10bbs live is 30+/100. Live must be incredibly soft. Where were you playing?

@@LukePettit live is incredibly soft from my experiences.

He’s talking a long term strategy. Live poker has a limited future. No benefits, no retirement etc

It's also relative to your location, they're talking about a metro California where 100k is middle class at best.

Fraught With Peril He didn't say he built his roll working 1 day a week, Sherlock. He probably built it through a previous full-time job and poker.

Probably got 39 other peoples Unemployment checks. Jk guys take it easy :)

Jay Zee well that isn’t what he said, “Sherlock” 😂 🤦🏻‍♂️

Yeah , I know right ! Moron

JJ McLeod Welcome to the new millenium, bud. You a Mid-West/East coast guy?

Family is not for everyone. You can travel alone or with someone and just play. Believe me, it’s not that bad of a life when you don’t work 9-5 and change diapers.

@@pokerqAK47 the thing is, in theory your right and ive always believed what you said here, but in reality when you grind 4,5 times a week for a few months with studying on the side (like im doing atm) you end up thinking about poker and certain hands most of the day and you actually start to feel like lifes becoming only poker