Major life decision of taking my finance job or playing poker

abdada · 2017-02-03T22:33:11+00:00

Do both.

Bird_of_the_Word · 2017-02-03T22:40:18+00:00

Take the job. At least build up a small nest egg before you bet for a living. Suffer now and reap the rewards later.

vandaalen · 2017-02-03T22:52:28+00:00

So you went on tilt and busted your BR and are still confident you possess the right mindset to play poker?

Are you sure that ~10BB/100 is a realistic winrate for you? 130 hands an hour a realistic rate? How do you even know that you are a winning player in live poker? What's your BR? What's your BR-management? when do you plan do drop/advance?

RedditAdminsSuck_88 · 2017-02-03T23:22:03+00:00

As someone who used to live and work on the Las Vegas Strip... if I had a dime for every sucker who moved to Las Vegas thinking they were going to make a living off of playing poker... or betting on sports...

Go to a casino in Las Vegas, play in 10 poker tournaments. If you can win 7 out of 10, you might be good. I'm not saying you aren't, but I'll tell you what I tell everyone else who thinks they can make a living off of gambling - Unless your bankroll is at least 6 figures, your living expenses are going to outpace your earnings. Get your bankroll to $100,000, then you can try to make it at poker.

I am a data scientist for a living, meaning I can program some pretty sophisticated models to bet on sports. My best model is my NBA one, which for the month of February, won me 11 units. My bankroll isn't $100,000, its more like $5,000 and I generally bet $50 a game. So 11 units x $50 = I won $550 for the month. +11 units in a month is pretty fucking good betting on sports, and yet I only won $550. Say my monthly expenses were $2500, to cover that I'd have to have bet about $225 per game, so my roll would need to be $25,000. And that's just to grind out expenses, no disposable income. And I'd need to have a +11 unit month every month(highly unlikely) to break even. Say I had a normal month and won 2 or 3 units. I'd need to bet $1,000 a game to grind out $2000-$3000 a month.

TLDR: You'll need a huge bankroll in order to have a reasonable chance of succeeding.

Title	Major life decision of taking my finance job or playing poker
Author	[deleted]
Upvotes	1
Comments	17
Date	February 3, 2017 10:31 PM UTC (9 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/5rx1zd/major_life_decision_of_taking_my_finance_job_or/
Archive Link	https://theredarchive.com/r/askTRP/major-life-decision-of-taking-my-finance-job-or.181626 https://theredarchive.com/post/181626

Comments