RE: Making a living from online poker?
BetCollector is right on the mark. A couple things to keep in mind:
1. BB/100 takes quite a long time in terms of convergence. Even 50k,100k hands in, we could still be something like +/- 3BB/100 from the true win rate.
I have close to 200k recorded right now, and I'm running about a 3.42 between 2/4 and 3/6 (short table). Until I hit at least another couple hundred thousand hands, I'm not even comfortable with that number.
2. 10/20 is a usually a different beast all together. This is usually the limit you're first introduced to low limit grinders, solid pros that 4-6 tables, gamblers, and those taking a shot from the lower limits. If you can hit 2BB/100 at this level, you're doing great. I think at the 6 max, it's possible to sustain a little better if you are good at table selection. Personally, I prefer 5 tabling the lower limit shorts.
3. Take a look at your Standard Deviation numbers. Not only can you run Risk of Ruin calculations, but figure out what you +/- should be 65,95,99 percent of the time. Like #1, if you don't have a significant amount of hands, the #s will probably be way off, but good for pattern searching.
4. Bankroll - Have a bankroll for at least 1000x BB if you're doing this professionally. This does not include money for bills etc.. Yes, I understand with the right variance, and a decent win rate, 300BB is usually sufficient. Yet, if this is your ONLY means, you want to protect yourself.
There's so much more (I'm learning each day myself) but that'll get you started. As for me, I work 15 hours a week as an adjunct professor and spend 35 hours a week playing cards.
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