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Playing Poker for a Living by Fabiola Groshan





Playing Poker for a Living by
Article Posted: 03/25/2010
Article Views: 160
Articles Written: 9448
Word Count: 928
Article Votes: 0
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Playing Poker for a Living


 
Entertainment
I quit a very good job as a Finance Director with a large pharmaceutical company to be able to take advantage of these benefits. I moved to "New Zealand for a couple of years and enjoyed a nice relaxing life. I am now back in the states and have the flexibility to live wherever I want. The great thing about Internet poker is that I can work around my social life rather than plan my social life around work. It is a good life.

As with any job, playing poker for a living is not all fun and juegos de poker. Playing 10 hours a week can be a lot of fun and be a great hobby; however, the fun and thrill of playing poker is not quite the same once you start playing 40 hours a week in front of a computer. I still have a passion for the game and enjoy playing most of the time, but this is definitely not something I will want to do for many years full-time. I am starting to look for other ways to add to my income (like writing this book and real estate); so that I can start reducing the hours of poker I play each week.

THE REAL BUSINESS

Let's look at some of the practical downsides to playing poker for a living. Although it is great to have as many vacation days as you want, these vacations days are not paid! I always enjoyed four weeks of vacation before with my finance job, but it is quite different when you know that no income is coming in while you are away. If you do decide to play for a living, I recommend setting aside some vacation pay each month just like a regular job. This way you can feel like you are being paid and enjoy your vacation without worrying about money.

There are also some additional expenses for being self-employed. American residents must pay full FICA and Medicare payments, which is 15.3% of your salary up to certain limits, rather than the 7.65% you pay when working for a company. You must also pay for medical and dental insurance.

Remember also that gambling income is taxable in the United States just like regular income, even if you play part-time. If you are an American citizen and move overseas, you are able to deduct over $80,000 a year from your income since you are not residing in the States. This effectively eliminates most income tax, but you still must pay the FICA and Medicare taxes.

Obviously, poker has some inherent risks that are part of the job. You will have an unstable income each month, with the risk of actually losing money during a month. If you recall from the "Bankroll Management" chapter, it is possible to play many hours and still lose as an expert player. To play professionally, you need to be the type of person that can handle these fluctuations. Although they shouldn't happen too frequently, they will occur, and believe me they are not much fun . How much can you earn playing poker en linea?

This all depends on the number of hours and tables you play in addition to the limit. You can also earn more in most short-handed games than you can in ring games. Of course, your hourly rate will depend on how good you are. When looking at hours, remember to account for lunch breaks and any other distractions that might occur during the day. Playing eight solid hours of poker a day can be quite tiring, especially when playing multiple tables.

Let's look at some possible scenarios. If you can work seven hours a day playing $10-$20 and earn one big bet an hour, you would earn $700 a week. If you work 48 weeks a year, you will earn $33,600 at $10-$20. If you are able to play two tables half the time you are playing, you could increase this to $50,400, assuming you maintain the same earn rate per hour at both tables. You would earn $25,200 playing $5-$10 or over $100,000 playing $20-$40. You could earn more if you can manage a win rate even better than one big bet per hour.

Once you estimate a projected income, remember to deduct the additional expenses such as Social Security and medical insurance to arrive at a net income estimate. I earned over $100,000 my first twelve months playing full-time at limits of mostly $20-$40 and $15-$30. A six-figure income is possible, but be sure to account for the downsides of the jo b. How to start !?? Where to learn how to play poker and master winning strategies !!

The most interesting and important point , is to start right! to learn how to play poker , you can begin with Learning Texas Holdem poker from CardTricking.com , it's the best and easiest variation of poker.

And , of course you can learn and master poker online without spending a dime , by using play money , that all poker rooms offer to play for free before playing with your hard earned money . check CardTricking.com , to learn , discuss , know the best poker rooms available at the moment if you are inside the US or outside and even watch tutorial videos. it's highly recommend, and yes , it's my first baby , my first website ;).

For more resources about juegos de poker or about poker or even about poker en linea please review these pages.

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