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floatingflops over 5 years ago
Although I agree that you have to treat poker as a business if you are going pro, let’s paint a more realistic picture of what expenses really look life for those that don’t have their own personal chef.
Rent for a one bedroom in Las Vegas: $700Utilities: elec, internet, etc. $300Food: $400, less if you eat with your compsCar + insurance + gas: $400Total: $1800
If you make $20 hr x 2080 hrs (full work year) you get $41,600Taxes are not 30% in this bracket but for sake of argument we will use it. Gross after taxes: about $29,000Monthly income: about $2,400.Income - nut = $800 disposable income every month.
CardPlayer.com is the world’s oldest and most well respected poker magazine and online poker guide. Since 1988, CardPlayer has provided poker players with poker strategy, poker news, and poker. Delaware online poker. Delaware is the smallest US state with legal online poker, though a liquidity-sharing agreement with Nevada does help the numbers. Thee state’s three casinos all operate their own branded skins on a shared 888 Poker network. No matter how new you are to online poker or how experienced you are, everyone can improve their game. Poker strategy is a hot commodity to all die hard grinders, and developing your own personal technique and strategy to playing online poker will always be a work in progress. Poker Tournament Tip 1: Steal a Lot, But Don’t Go Overboard “Open small and often.” This phrase drove the pre-flop strategy of almost every tournament regular for years, and it still has some merit. With antes in play, a 2.25BB open has to pick up the pot less than half of the time to show an immediate profit. How to become a professional online poker player in one easy step would be to quit your job and use poker as your sole source of income. While this instantly makes you a poker pro, it is not.How To Be Successful At Online Poker For Dummies
Anyone working their tail off now at a job they hate have an extra $800 at the end of every month? Me neither.Reply
trentbridge over 5 years ago
Except floating flops - if you worked at a regular job that pays $20/hr - you get a paycheck every two weeks - the income tax is already taken out and your employer pays half of your social security. (6.65%) Plus you might even get two weeks paid vacation to go to the WSOP in Las Vegas.
Self-employed as a pro poker player, you aren’t guaranteed any income and you owe 15.3% self-employment tax in lieu of social security. How To Be A Successful Online Poker Player
You can’t reduce a decision like this to accounting - you have to be comfortable making your living in a skill/talent based business that has nine folks at your place of business who believe they are as talented/skilled as you are - all wanting to take your money. It’s the same world faced by writers, actors, musicians, comedians, artists, and professional golfers. The rewards at the top are extreme but there are no guarantees that more than 2% will ever reach those heights. Even established players are eager to take on sponsors - write books / do commercials/ sell teaching videos etc to make some income away from the felt. ReplyHow To Be Successful At Online Poker For Beginners
skippy01 over 5 years ago How To Be Successful At Online Poker Games
$1,000 per month for food? And you are a vegan? http://www.amazon.com/Eat-Vegan-4-00-Day-Conscious/dp/1570672571
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