Can it be done

[nflchad]

First of all I have a really strong feeling that you haven't played nearly enough to know how much of a winner you really are, much less how this would relate to you making enough money to help support your family. Saying things like "lately I've been succesful" leads me to this belief, I could certianly be wrong. Keep in mind that win rates don't solidify in cash games for around 50k hands and for about 1500 sng's.

The general consensus is that you should have 3-6 months of bills/living expenses outside of your bankroll. I'm with Pshabi here in that bonus whoring is unlikely to be a majority of your income, rakeback would be far more adventageous if your going to play that many hours. Not to say that you couldn't still take advantage of the bonuses but you won't be able to play on a bonus for 40 hours a week, so you need to make outside income when your not playing off those bonuses. I think how much you plan to make a week is another important thing to look at, if you want consistent money then you shouldn't be playing many MTT's and certainly not $5 ones, you should focus on SNG's and cash games instead.

Just looking at rakeback on turbo sng's lets say you get 25% rb and four table the 33's lets say they take on average 40 minutes to either get elimanated or win. You would make .75 a sng's you played and since your four tabling this would be $3 an hour in rakeback, 8 hours a day 5 days a week is $120, or $6240 a year. Combine that with a good ROI of 18% and you would be making roughly $27 an hour (I'm too lazy to convert), or 56k a year before taxes.

Another thing that Pshabi touched on was being able to play that much, I have a really strong feeling that you would HATE poker if you played that frequently especially if you absolutely had to play.

Good luck and I hope that you make it, be sure to keep us updated.

[jimmym]

Thanks nflchad, TP and shabi.

fantastic thoughtout comments, and lots I will take on board. I feel I may have gone around the houses with my original question. We have planned me doing this next year or the year later at the latest.

I feel I can make most playing SNGs and tournies, I am not a real lover of cash games but will invest a small amount of time and money into playing these, probably at a small level.

I play as most know mainly on Pokerstars and very little on Ladbrokes, and was told by an online player that I really should take advantage of bonuses, so rather than placing 10k into My pokerstars account I really was looking to take advantage of bonus whoring the rakeback mentioned by nflchad is a start and something I will take advantage of when I look into it.

To be perfectly honest, I am intending to only deposit once , lets say at pokerstars $600 and turn this into thousands, will this work well time will tell but its nice to be able to do this and with the backing from my wife. But with a starting bankroll of 10k I really feel I should exploit and rake in some free cash.

Shabi thanks for your comments that site looks good for what I want and again thanks TP for your time whilst you are away (the sign of a great person who still finds time during his own time).

Am not the greatest player in the world but we do really feel this is something we must do now in the next couple of years,I know I could match my current wage just by playing like I am now, I just need to put in the time. as for sitting 8 hours infront of a pc this is what I do now at work all night 40 hours a week and look at my pic am not fat ...........................Yet.


ps- recently after my car crash I played 8hours a day and 5 days a week for 4 weeks, I won nearly treble my monthly wage $5400 playing in SNGs , so I know I can do this.

[PShabi]

Best of luck to you JimmyM.