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The Real Grind

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  1. VectorFSM VectorFSM is offline

    Madison, WI
    United States

    Posts: 49
    Joined: Jul 06

    Sep 24th, 2008 (9/24/2008 9:36pm)

    I have a scenario that I am going to try.

    $16 buy-in stars sng tourneys 8-12 tables for 7 or 8 4-hour shifts everyweek. 45 Weeks out of the year. Moving up to 27 then 60 dollar when roll is high enough. Probably wont ever go higher than that. I want to average playing 350-400 tourneys a week with a minimal 8% roi.

    3 questions.

    1. Doable?
    2. How many buy-ins would u suggest minimally for a person that has been playing poker off and on for the last 9-10 years.
    3. Anyone that has done anything similar?

    Anything would be appreciated. I am going to try this.

    Also, I was wondering what type of screen configurations u would recommend. Eye and brain comfort is key obv. I'm thinking about a 50-inch tv with my laptop hooked to it. This or would a desktop with trio 20' monitor display help?
  2. Bawsten Bawsten is offline

    Fort Myers, FL
    United States

    Posts: 4,967
    Joined: May 07

    Sep 24th, 2008 (9/24/2008 9:38pm) in reply to VectorFSM

    Sounds good and easy on paper, but so does communism.
  3. Menstruating Menstruating is offline

    NY
    United States

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    Joined: Sep 08

    Sep 24th, 2008 (9/24/2008 9:39pm) in reply to VectorFSM

    So at the $27 range you're content playing 32 hours for less than minimum wage?
  4. MikeBing1 MikeBing1 is offline

    Three Rivers, MI
    United States

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    Sep 24th, 2008 (9/24/2008 10:12pm) in reply to Menstruating

     
    Originally Posted by Menstruating View Post

    So at the $27 range you're content playing 32 hours for less than minimum wage?

    That would not be less than minimum wage.
  5. Lord Unique Lord Unique is offline

    Posts: 921
    Joined: Jan 07

    Sep 24th, 2008 (9/24/2008 10:23pm) in reply to MikeBing1

     
    Originally Posted by MikeBing1 View Post

     
    Originally Posted by Menstruating View Post

    So at the $27 range you're content playing 32 hours for less than minimum wage?

    That would not be less than minimum wage.

    $27 X 400 = $10,800 spent
    8%ROI = $864
    $864 over 32 hours = $27 an hour

    Def not minimum wage.
  6. VectorFSM VectorFSM is offline

    Madison, WI
    United States

    Posts: 49
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    Sep 24th, 2008 (9/24/2008 10:39pm) in reply to Menstruating

    Im a single 24 y.o no kids and I have a 60k job that im keeping until im successful at the $60 buy-in level. So not struggling with the money. However:

    Just so we're clear, I calculated annual income based upon the three buy in levels i mentioned. I will do worst case and desired case scenario for both 27 and 60 as the 16 dollar is more of a training scenario.

    $27 dollar worst case (8% roi 32 hours [8 shifts instead of 7, more hours, less tourneys less $/hr.] 350 tourneys a week, 45 weeks)---$34,020 or $23.62/hr.

    $27 dollar desired case (10% roi 28 hours 400 tourneys/week, 45 weeks) $48,600 or $38.57/hr.

    $60 dollar worst case - $75,600 or $52.50/hr.

    $60 dollar desired case - $108,000 or $85.71/hr.

    ---Not minimum wage, and not bad either. Go grinding!
    Thread Starter
  7. MikeBing1 MikeBing1 is offline

    Three Rivers, MI
    United States

    Posts: 1,921
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    Sep 24th, 2008 (9/24/2008 10:42pm) in reply to VectorFSM

    how do you plan on going from your current -9% roi to a positive 8-10% roi, I'd worry about figuring that out before I'd worry about full time grinding.
  8. Frank1The1Tank Frank1The1Tank is offline

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    Sep 24th, 2008 (9/24/2008 10:54pm) in reply to VectorFSM

    You are also missing the value of FPP's in each scenario. You would be a platinumstar in the beginning which would give you 2.5 FPPs per VPP. @ ~ 1000 of these per month, that's approx 25,000 FPPs (@ the $27 level), so assuming a value of $0.016 per FPP, that's another ~$400/mo in income. When you reach supernova, you would make 35,000 per month which is ~$560. This is on top of the other perks that come with being higher up on the VIP chain (such as value added FPP freerolls, cash bonsues for supernova's, etc..). And to top all that off, you have to count your battle of the planets odds and equity as well, since that is still value every month.
     
  9. ImSoMucked ImSoMucked is offline

    MD
    United States

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    Sep 24th, 2008 (9/24/2008 11:01pm) in reply to VectorFSM

    play cash
  10. Menstruating Menstruating is offline

    NY
    United States

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    Sep 24th, 2008 (9/24/2008 11:04pm) in reply to ImSoMucked

    I'm so out of touch.
  11. peacebrother peacebrother is offline

    Tulsa, OK
    United States

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    Sep 24th, 2008 (9/24/2008 11:21pm) in reply to VectorFSM

    pretty sure you would go mad at week 7
  12. JKamikazeKid JKamikazeKid is offline

    Dayton, OH
    United States

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    Sep 24th, 2008 (9/24/2008 11:25pm) in reply to VectorFSM

    Work 8 to 5, 40 hours/week, sitting in front of a desk, making $50K/year, coming home and playing on $100 hoping not to go bust....

    Now THAT'S a grind ladies and gentlemen.

    "This or would a desktop with trio 20' monitor display help"

    Damn....where can I get a 20' (foot) monitor????? and 3 of them no less....!!!!! (sorry dude....need to get my jabs in....haven't been on for 3 months)

    To answer one of your questions....Doable? Yes. But damn at that volume, dedicating that short amount of time....I'd probably go nuts after the first week....hence why I don't do this as a profession.
  13. poisoneye1986 poisoneye1986 is offline

    Cincinnati, OH
    United States

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    Sep 24th, 2008 (9/24/2008 11:25pm) in reply to Menstruating

    if you dont have extreme discipline to just sit there and grind the hours it is gonna be really tough. I've grinded sngs on ftp for the past 3-4 months playing about 200 a week and i consider it one of the most grueling things i can do. I dont mind playing poker 30+ hours a week but just sngs all day every day is just crazy, you have to be a real sick person.

    I now play 9 person sngs for 3 days of the week and only play em about 12 hours time for about 200 sngs a week.

    the other 2-3 days im playing MTT sngs and MTTS.

    I'm not trying to discourage ya but ya really got to be a sick person to do this as a full time occupation.
  14. RoyalCrusher RoyalCrusher is offline

    Cheshire, CT
    United States

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    Sep 24th, 2008 (9/24/2008 11:27pm) in reply to poisoneye1986

    youll go crazy after a month, in my opinion
     1
  15. VectorFSM VectorFSM is offline

    Madison, WI
    United States

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    Sep 27th, 2008 (9/27/2008 3:40am) in reply to VectorFSM

    bump!
    Thread Starter
  16. Smokin Zags Smokin Zags is offline 2010 CA Amateur Golf Champion

    Lake Forest, CA
    United States

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    Sep 27th, 2008 (9/27/2008 3:57am) in reply to MikeBing1

     
    Originally Posted by MikeBing1 View Post

    how do you plan on going from your current -9% roi to a positive 8-10% roi, I'd worry about figuring that out before I'd worry about full time grinding.

    This.
     
  17. coryneely coryneely is offline

    Oklahoma City, OK
    United States

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    Sep 27th, 2008 (9/27/2008 4:15am) in reply to Smokin Zags

     
    Originally Posted by Smokin Zags View Post

     
    Originally Posted by MikeBing1 View Post

    how do you plan on going from your current -9% roi to a positive 8-10% roi, I'd worry about figuring that out before I'd worry about full time grinding.

    This.

    That.
  18. creg27 creg27 is offline

    Leeds
    United Kingdom

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    Sep 27th, 2008 (9/27/2008 5:59am) in reply to coryneely

    Doable

    However, maintaining that volume is gonna be hard. To test yourself why dont you take a couple of weeks off work and see if you can actually put in that volume and after that 2 weeks ask yourself if you can realistically maintain that 52 weeks per year. Even if the answer is yes or no you get a taste of things to come/hopefully a bankroll boost.

    And i think what frank said is very important, your gonna need every single dollar possible and FPPs/rakeback is vital at for any low limit grinder.

    GL and updates if you make the plunge
  19. gamb0holic gamb0holic is offline

    Las Vegas, NV
    United States

    Posts: 202
    Joined: Aug 08

    Sep 27th, 2008 (9/27/2008 6:12am) in reply to VectorFSM

    bump 4 what???? if u are a absolute anti socialite it will work if not u will eat a bullet within 6 months?
  20. Jennifear Jennifear is offline

    Niagara Falls, NY
    United States

    Posts: 10,222
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    Sep 27th, 2008 (9/27/2008 6:46am) in reply to VectorFSM

    3 questions.

    1. Doable?
    2. How many buy-ins would u suggest minimally for a person that has been playing poker off and on for the last 9-10 years.
    3. Anyone that has done anything similar?

    3 answers:

    1. Yes. But is it doable by you? Answer yes to this if all of the below statements are true:

    A. You have a very large sample size of 2500 or more games in which you attained a 8% ROI while 12 tabling.

    B. You nearly never tilt, and when you do, it barely affects you.

    C. You are able to do this just the same after you stop enjoying it (which will be in less than one month)

    D. You don't or won't need credit for any reason, such as to buy a car. (banks LOL at anyone who says they play poker for a living)

    E. You are at least a 9.5 out of 10, discipline-wise.

    F. You have six months income set aside, earned from playing poker, to account for negative variance.

    2. 100 will do.

    3. Yes. There are several people who grind SNGs.
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