How much bankroll would one need to make $30K a year?
- Thread starter RFB
- Start date
paddywhack
Well-Known Member
RFB said:
How many hours are you willing to work??
FLASH1296
Well-Known Member
The answer to your question only exists in a theoretical world.
It is not pragmatic. Indeed, it can/will mislead you.
To juggle figures, crunch numbers and mix metaphors ad lib will generate an answer, but do you no good in the real world.
In the real world the issue revolves around where the hell can I find enough playable games, where can I hope to play relatively unfettered, and for how many hours, etc.
Let it suffice to say that every year it gets progressively more difficult.
NightStalker
Well-Known Member
theo
15k is good enough-assuming no withdrawl..RFB said:
The Chaperone
Well-Known Member
A few hundred bucks.
21gunsalute
Well-Known Member
$60,000.
blackjack avenger
Well-Known Member
It's About the Variables
The quality of games you have available
Are expenses being included
The number of casinos available
The playability of those casinos
The stakes a given bank allows you to play at
Your skill level
The realistic number of hours you can play
Comp considerations
Distance you have to travel
Your appearance, ability to blend in
Family, friend considerations
Emotional makeup
A general statement is the more $ you have the easier all the above becomes.
shaken, not stirred
:joker::whip:
good cards
The quality of games you have available
Are expenses being included
The number of casinos available
The playability of those casinos
The stakes a given bank allows you to play at
Your skill level
The realistic number of hours you can play
Comp considerations
Distance you have to travel
Your appearance, ability to blend in
Family, friend considerations
Emotional makeup
A general statement is the more $ you have the easier all the above becomes.
shaken, not stirred
:joker::whip:
good cards
kewljason
Well-Known Member
I wasn't going to reply to this thread, aslan, because the senario is just too incomplete. I assume the poster was asking what the minimal bankroll necessary to make 30 grand would be? It would depend on many things like what level the poster intended to play? Other unanswered factors would be the forementioned amount of time spent playing, as well as quantity and quality of games available. Another very important piece of info that was not provided is whether living expenses are coming out of these funds or not.aslan said:
If the poster is speaking of playing low limit games and grinding out a living, I think there is only one place you can reasonably do so now and that is the desert, where there is still an abundance of low limit games, albeit most of them poor. Someone willing to spend a good deal of time running all over town, grinding out a living could probably make this kind of money or close to it with a reasonably small BR of low 5 figures. (If he was withdrawling funds for living expenses this amount needs to be much greater) But I can tell you it would be alot of work!
Even with all the new venues opened recently and more on the way, I am not aware of any other location that has enough low limit games in close proximity to make this happen.
gamblingghost
Well-Known Member
Plus a parachute is a good idea.21gunsalute said:
gamblingghost
Well-Known Member
He he... something like that. I'm thinking more in terms of a golden parachute when it all goes south. In my mind the OP wants to spend all of this 30k and it does not go back into the BR. So how many max bet units would one need to be safe in that situation? 100? Not for me. 200 better but still not enough.aslan said:
300, yeah now we are gettin there. Now at 400 max bet units it is way over 1 in 2000 chance of tap out. I can live with that. How much is that?
With a 10 to 100 spread, an average win of 40 per hour. One would need 750 hours of 'work' to average 30k. That would be a BR of 40,000. Plus a couple of thousand for the 'golden parachute' to decompress if you are the very unlucky one to 'hit' that one in 2000 or so.
gamblingghost
Well-Known Member
Well, 21gunsalute did say 60k. So I guess that is what the other 20k is for.shadroch said:
As for me. I would live with my girlfriend and let her drive me to work everyday. And, what about the stagnant year? A single player can usually expect one of those. How do we survive that? Another 20k put aside for that I guess. Now we are up to better than 80k to make this work.
kewljason
Well-Known Member
$80k bankroll and spreading $10-$100?? :laugh: That's just ridiculous! I spread $25-$400 with such a BR and have a RoR of less than 1%. (allowing for resizing upon significant BR loss)gamblingghost said:Well, 21gunsalute did say 60k. So I guess that is what the other 20k is for.
As for me. I would live with my girlfriend and let her drive me to work everyday. And, what about the stagnant year? A single player can usually expect one of those. How do we survive that? Another 20k put aside for that I guess. Now we are up to better than 80k to make this work.
gamblingghost
Well-Known Member
Please note. 40k of that was just for expenses, not BR. Resizing was not an option given though if I did lose 200 max bets at 10 to 100 I would go down to 5-50 which would start me with 400 max bets again. I believe it is better to underbet than overbet.kewljason said:
kewljason
Well-Known Member
I fully understand that when playing low limit the concept of resizing downwards becomes more difficult. If you are already playing table minimums, you are going to have to reduce your spread rather than unit size.gamblingghost said:
My point was that with a bankroll that you are discussing, you have to have a top bet of more than $100. Unless you are playing a pretty good single or double deck game. (which are becoming pretty rare and many of the remaining ones are counter traps or at best scrutinized severely) It is difficult to make any kind of real money playing a top wager of $100. I know! I played that level for about 3 years, playing more than your estimated 750 hours per year and averaged around 10 grand a year.
I understand your desire to be very conservative with RoR. I play that way also. So much so that I am often made fun of by other members on the site for being way to conservative. Many whom, I presume have no experience playing with a non-replenishible bankroll (but that's another discussion...:laugh
Even with a BR of 40 grand, you should have a larger top wager than $100. I would go $200. Remember, you can and should drop back if you lose a significant portion of BR.gamblingghost
Well-Known Member
Well, what bothers me here is that the original poster was shooting for 30k per year and for three years you averaged only 10. So for you to have made the op's request you would have had to bet a max bet of $300!!! 200 of those is exactly $60,000!! Exactly what 21gunsalute suggested. And being the conservative player that I am, I would want 400 of em so I would need a total of $120,000 BR to make 30k a year!! Man, it just gets worser and worser.kewljason said:I fully understand that when playing low limit the concept of resizing downwards becomes more difficult. If you are already playing table minimums, you are going to have to reduce your spread rather than unit size.
My point was that with a bankroll that you are discussing, you have to have a top bet of more than $100. Unless you are playing a pretty good single or double deck game. (which are becoming pretty rare and many of the remaining ones are counter traps or at best scrutinized severely) It is difficult to make any kind of real money playing a top wager of $100. I know! I played that level for about 3 years, playing more than your estimated 750 hours per year and averaged around 10 grand a year.
I understand your desire to be very conservative with RoR. I play that way also. So much so that I am often made fun of by other members on the site for being way to conservative. Many whom, I presume have no experience playing with a non-replenishible bankroll (but that's another discussion...:laugh
And that doesn't include expenses!!:sad: