Ok now I'm going to get into the real nitty gritty of the math. Assuming that all of your food expenses are covered by comps and assuming that you have a $100,000 loan at 10% APR for 3 years, here is what I come up with for a list of expenses:
Your monthly payment will be $3226.72. Total interest will be $16,161.87.
Rent $500/month (sharing with one other person)
Utilities $100
Health Insurance $200
Car insurance $80
(Clothes, Doc visits, gas, car repairs, other misc) $200/month
Total : $1080 (If I'm missing anything big let me know)
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Total expenses including monthly loan payments $4306.72
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Income -
With 1% edge and 1% ROR over the course of 240 days playing 8 hours a day average here is what I get with that bankroll
1 unit =$58
average bet = 2.9676 units = $172.12
betting $172.12/hand average and 60 hands/hr. = ($172.12*60 hands *.01 (edge)*1920 hours (total hours played during year) = $198,283 /year =$16,523.60/month
$16,523.60 - $4306.72 (expenses) = $12,216.90 profit per month
This leaves you with $12,216.90 in case you don't do as well that month as you'd expect. Even if you do have a horrible month and lose money, you can still recover. I think though that over the course of 115,200 hands a year, variance shouldn't be that big of an issue and you should easily be within 1 SD. Other things to note. I think the 1% edge could be higher and it's possible to play more than 60 hands/hr. So I consider this to be a conservative estimate. IF you feel there are things missing from my calculations, feel free to let me know what they are and I'll adjust it.