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Originally Posted by DoctorOfDanger
hmmmm
I wish you all the best in doing this Chris, but I have my doubts as to whether you'll be able for it (no reflection on you - I think it is a mega-challenge for anyone to do it).
The (potential) problem with your analysis is as follows:
An average (relative to the standard of other players at that buy-in level), loses an amount equal to the rake taken. The more tables you play, the more your level drops, so you'd want to be A LOT better than the average for a single table, to still be better than average on that many tables.
Even if you are, you're still losing money. Rakeback is simply a percentage of the rake you pay (i.e. the amount you lose for being average).
IF you can be sufficiently better than average to break even accross that many tables, then you're on to a good thing - but hardly amazing. $10K per month is ok, but it ain't a kings ransom. Plenty of people out there earn that from their day jobs, and they get holidays, pensions etc. Plus the security of regular income.
Good luck with it anyhow - hope you succeed.
PS. I'd agree with muse re the monitor. A really good monitor that'll do 1900 x1200 can be bought for £300 or so. No problem to hook up 2 or more of those babies to your PC, and you'll cut down your losses from misclicks etc.
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I do it already mate at an 8 table rate, and have done for the last 4 months, im just doubleing it now, so instead of the figures I quoted before half them and a tiny bit less and there you have what I get in rake thus far.
I make a good profit on the tables as well, although obv not as much bb/100, maybe even half what I could doing just the 1 or 2.
The thing with the rake is its also dealt rake, where as every hand im dealt i get a share of.
There is a guy called IPUSHUFOLD on my network who sits in with the minimum buy in accross a number of tables now just to clear rake and bonuses.
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$10K per month is ok, but it ain't a kings ransom
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Do you not remember being 20?? That is a Kings ransom and then some mate!
Over a 12 month period $120k (£60 000) also tax free so lets compare that to a £80-90k a year job, surely im not wrong in thinking thats one hell of a well paid job! Especially at my age, id need a whole load more qualifications etc.. then working my way up to get to that level.
Plus this isnt long term, its just building money up so I can play higher stakes in a few years.
I wont be making that 10k per month anyhow as Ill be more in the 100-150hrs bracket. Thanks for the good luck!
Thanks for the monitor tips as well.. do need to get that sorted.