Pro players, take a wage?

max_power

Just wondering how must players who would class themselves as 'pro', imo someone with no other source of income, take a wage?

Do people withdraw weekly or monthly? Depending on how your running or a set amount? What about moving up levels, would you hold off withdrawing if neccesary? Ty for any responses.

ianmc38

If I need monies, I withdraw them to my bank account via Neteller. I just leave the bankroll $$$ depreciating in my various online accounts. I wouldn't pay myself a wage or anything like that.

max_power

ianmc38 wrote: »

I just leave the bankroll $$$ depreciating in my various online accounts.

.

Albeit on a much smaller scale, for now.

Grafter

I think it depends where you're coming from tbh.

I'm in decent shape moneywise, and I withdraw when I gather a bit worth taking out.

I can't imagine playing for next month's mortgage/rent /expenses. I'd get a job again or start another business long before I got back to that.

I'm 40+ though. My balls were bigger when I had no commitments.

phantom_lord

ianmc38 wrote: »

If I need monies, I withdraw them to my bank account via Neteller. I just leave the bankroll $$$ depreciating in my various online accounts. I wouldn't pay myself a wage or anything like that.

does your site not offer bank transfers? i remember when i had my br in dollars the rate they gave me was way better than neteller, plus no extra fees.

Requiem4adream

Grafter wrote: »

I think it depends where you're coming from tbh.

I'm in decent shape moneywise, and I withdraw when I gather a bit worth taking out.

I can't imagine playing for next month's mortgage/rent /expenses. I'd get a job again or start another business long before I got back to that.

I'm 40+ though. My balls were bigger when I had no commitments.

Key word right there. Commitments. Highly doubt i would want this lifestyle if people were relying on me. So until i get some poor girl pregnant or decide to leave the Mother Ship i think i'll continue to amble through life at current pace!!

In terms of taking a wage, i think if you have commitments (i.e. a wife/husband and kids for example) it would be extreme folly to pursue poker as a living without the secondary income of your spouse/security of savings or investments. In the absence of commitments just take what you need when you need it.

Macspower

I have managed to pay myself a wage every week for last 12 months... I used to withdraw it monthly but now take it weekly as I don't "miss" it as much....
I take a set ammount regardless of winning or loosing.... exception was christmas when I took out quite a bit more....

luckylucky

I take a set amount each month. I got a mortgage to pay for and also it keeps the wife happier if she knows that I'm able to deliver a set wage.

ditpoker

i deposit cash online regularly, but i think i have it backwards...

lee_arama

I wouldnt consider myself PRO although I did have some 5 figure months in the last year.

I have a set amount coming in from work/college each week and I send X euro off to 3 different accounts to cover college fees, bank loan, and to herself so she can feed me. The rest I mess about with. Doubt I'll see a 5 figure month again for a while since I think I've lost my game somewhere.

Hitting well on Boyle this morning mind. Checked a set of JJ in order to raise the initial bettor but no such bet came... turn made a possible run but the only bettor then was the baby stack and I made my house, against his turned run...

Sets are holding up for once today.

kebabfest

A good set is hard to beat

Ollieboy

withdrawing money, are you madddd... i wish...

I think you need to withdraw a set amount each week to live on or monthly, if your bankroll goes busto after that, than you shouldn't be playing professional poker. But you should stick to a routine and allow your bankroll to build up so you can move up the levels and try to make more money as your game gets better. If your happy at a certain level, than bankroll for the amount you need at that level and invest the rest into pension, property etc.

ZZR1100

i withdraw to the bank every month for the morgage and withdraw to the neteller card for living.
the only drawback is it is difficult to build a bankroll when doing this ( for me ) and moving up levels can take soo much longer.

Macspower

ZZR1100 wrote: »

i withdraw to the bank every month for the morgage and withdraw to the neteller card for living.
the only drawback is it is difficult to build a bankroll when doing this ( for me ) and moving up levels can take soo much longer.

I have the exact same problem with BR building while withdrawing... because I withdraw 500 per week I find it hard to build at 1/2 and usually start each month with similar bankroll to previous month..

I've never had a neteller card... how does it work? charges etcetc? might be an idea instead of bank account?

Mac

MrPillowTalk

Most pro players I know take a wage every week, I think its gone up to €197 per week this year, arrives in a little red cheque as far as I know.

ZZR1100

Macspower wrote: »

I have the exact same problem with BR building while withdrawing... because I withdraw 500 per week I find it hard to build at 1/2 and usually start each month with similar bankroll to previous month..

I've never had a neteller card... how does it work? charges etcetc? might be an idea instead of bank account?

Mac

they charge u 3euro per withdrawal from the card so u need to make large withdrawls ( no 40 or 50 for a few beers)
i take / make deposits to the bank through online bank transfer (aib 24 banking) which is just a 1 euro charge

cooker3

MrPillowTalk wrote: »

Most pro players I know take a wage every week, I think its gone up to €197 per week this year, arrives in a little red cheque as far as I know.

lol

Goodluck2me

MrPillowTalk wrote: »

Most pro players I know take a wage every week, I think its gone up to €197 per week this year, arrives in a little red cheque as far as I know.

Childrens allowance?:)

Goodluck2me

MrPillowTalk wrote: »

Most pro players I know take a wage every week, I think its gone up to €197 per week this year, arrives in a little red cheque as far as I know.

Childrens allowance?:)

busted flush

i normally take out about 2k a week for general spending (coke, whores, beer, and football betting); i leave the rest in me other accounts .

SIDESHOW BOBs

not so long ago fellas were chasin u for bobs all over the gaff:D

Bandara

goodluck2me wrote: »

Childrens allowance?:)

3 kids eh?

you've your hands full there.

FlushPoker.ie

I take out the Rake every month and €1k per week regardless of good or bad swings...The Rake Back is so handy...Im not here to recommend any site in particular but it has made a hugeeeee difference in the last 12 months especially for people putting in huge hours on the Cash Tables.

GLGL All

Dollarmight

Has anyone here considered being sponsored? Ok you share the profits ... but if overall you are a winning player ... you always have money to play with.. You don't risk your own money ... and having a proper bankroll ensures that you can get through the bad runs.

Also I would point out .. that being a Professional Poker player .. is not just that you make a living at it ... but also that you adopt a very professional diciplined attitude to it.

phantom_lord

I'll sign up if you'll stake me to play 50/100?

Dollarmight

Everyone believes sponsorship is about having a lash at a higher level. The key is that you show you are a consistent winner .at a certain level.. If that level is 50/100 that is not a problem..

We have players on a daily loss limit of $50 and some on $50k ...

players .. do a candidate program .. and if we see that they are winners .. they get into either the training academy or on as full sponsored players..

RedJoker

Dollarmight wrote: »

Everyone believes sponsorship is about having a lash at a higher level. The key is that you show you are a consistent winner .at a certain level.. If that level is 50/100 that is not a problem..

We have players on a daily loss limit of $50 and some on $50k ...

players .. do a candidate program .. and if we see that they are winners .. they get into either the training academy or on as full sponsored players..

Daily loss limit? How would that work, do you only give them a set amount to play with each day or something? Not interested, just curious.

Dollarmight

Well when we started out .. we just transferred the whole bankroll to the players.. and relied on their self control not to donk it off. Alas self control is not always a characteristic of a pro poker player.

We now work off daily loss limits ... so if a player loses this limit he/she has to stop for the ... day..

But like groundhog day ... next morning .. the money for the day is back in the account. If a player wins .. the profit is swept out of the account.

Works really well for both the player and us ... has stopped many a tilt.

HoLLLLLaments

I imagine if they lose X amount of buy ins at w/e level they are playing then they must stop playing for 24 hours. Its just a stoploss.

In Dolllarmights case when you talk about sponsorship its just another way of saying staking. Its just in a buisness like fashion as opposed to a casual staking relationship.

"Everyone believes sponsorship is about having a lash at a higher level"

I dont think everyone believes that at all. People mostly think why would someone need to get staked or "sponsored" if they are good enough to beat the games in the first place. When someone plays stakes that their bankroll cant support and suffers a bad downswing, Someone tilted away their roll in a HU grudge match, Someone got hacked and had their online monies stolen. These are the kind of things that provide quality staking oppurtunites.


Alot of people who are proven winners wont put themselves in situations where they need to be staked. They will exercise good bankroll management and understand how harsh variance can be so i dont think anybody will swallow the "you have to share the profits but your not risking your own money."

For people that do have tilt issues, no roll mangement skills i think this kind of thing would be good for that kind of person but for the people who are winning players and are intelligent enough to prepare for the worst it it would be -EV to enter into a staking arrangement like this........Unless of course you stake a proven 100nl winner for 5knl or something but I imagine its a bit more professional than that

Ste05

OK, this is a little shilly for my pallet Dollarmight.

Could you please outline exactly who you are representing, what your position in thie organisation is, what you are offering and how this works. Full Disclosure is needed.

I won't ban you because this may be of use to some posters assuming it's all legit. So consider this to be a chance to outline exactly what you offer and what requirements etc. are needed, e.g. what happens to RB, is that shared along with winnings, what site must people play on, etc. etc.

This isn't an opportunity to post Spam and an advertising spiel, but an opportunity for full disclosure before a ban for shilling.

Ste05

RedJoker

Dollarmight wrote: »

Well when we started out .. we just transferred the whole bankroll to the players.. and relied on their self control not to donk it off. Alas self control is not always a characteristic of a pro poker player.

We now work off daily loss limits ... so if a player loses this limit he/she has to stop for the ... day..

But like groundhog day ... next morning .. the money for the day is back in the account. If a player wins .. the profit is swept out of the account.

Works really well for both the player and us ... has stopped many a tilt.

And what would be a typical stop loss for lets say a 200nl player?

Also do you only put the stop loss amount into the account or do you put like twice the amount in and they quit when they hit that point. Also does that mean they have to constantly check up on their balance? That's generally not a good habit for a poker player to have.

Dollarmight

Ste05 wrote: »

OK, this is a little shilly for my pallet Dollarmight.

Could you please outline exactly who you are representing, what your position in thie organisation is, what you are offering and how this works. Full Disclosure is needed.

I won't ban you because this may be of use to some posters assuming it's all legit. So consider this to be a chance to outline exactly what you offer and what requirements etc. are needed, e.g. what happens to RB, is that shared along with winnings, what site must people play on, etc. etc.

This isn't an opportunity to post Spam and an advertising spiel, but an opportunity for full disclosure before a ban for shilling.

Ste05

Not Sure what "shilling" means.

I work with badbeat.com I am the Chief Operating Officer. So general responsibility for business development.

We sponsor winning online players by taking 100% of the risk and sharing the profit 50/50 with the players. Requirements are that the person demonstrate a winning trend over time.

We train and mentor the players and provide all the back office and risk management support. We have a large number of partner sites and we share the rake commission we get 50/50 with the players who are in profit.

Unless a player is personally recommended by one of our existing players and we can verfiy their winning record .. we require prospect sponsored players join our Candidate program....

This is essentially a period where they play with their own money on one of our partner sites... we have tools that they download so we can monitor their play during the canditate period (securely and confidentially). Our mentors review the play of profitable players .. and recommend if they should be sponsored.

During the candidate period YES we do earn rake commision on their play from our partner site. We have, we believe, a very good reputation in the Poker community for helping develop poker.

My intention here is to discuss people's views on professional poker play rather than a smarmy sales pitch... I leave that to our gorilla marketing people lol..

Hope this clarifies things to your satisfaction

Dollarmight

RedJoker wrote: »

And what would be a typical stop loss for lets say a 200nl player?

Also do you only put the stop loss amount into the account or do you put like twice the amount in and they quit when they hit that point. Also does that mean they have to constantly check up on their balance? That's generally not a good habit for a poker player to have.

a 200nl would need a 60k daily loss limit.
Generally the stop loss limit is the amount in the account.. However that is not practical for extreme multi-tablers .. we have some 8 - 12 tablers .. so that would have to be higher than their stop loss limit.. We rely on them a bit ... and our risk managers' baseball bats.. (lol just kidding)

Ste05

Seems fair enough to me, assuming you can answer questions when posed. It's good to hear you leave the sales pitch to the Marketing people, cos we don't really want that here.

Thanks for the explanation.

Ste05

Also, shilling means this: http://en.wikipedia.org/wiki/Shill

Ste05

Dollarmight wrote: »

a 200nl would need a 60k daily loss limit.
Generally the stop loss limit is the amount in the account.. However that is not practical for extreme multi-tablers .. we have some 8 - 12 tablers .. so that would have to be higher than their stop loss limit.. We rely on them a bit ... and our risk managers' baseball bats.. (lol just kidding)

You realise when he says 200NL, he's referring to 1/2NL not 100/200NL??

60k I'd have thought is a little high for a 1/2 player, if he blows through 300 buy-ins I think he may not be a good candidate for Sponsorship.

Dollarmight

Ste05 wrote: »

You realise when he says 200NL, he's referring to 1/2NL not 100/200NL??

60k I'd have thought is a little high for a 1/2 player, if he blows through 300 buy-ins I think he may not be a good candidate for Sponsorship.

LOL ... apologies.... 1,000 to play 2 -3 tables at time

RedJoker

Dollarmight wrote: »

LOL ... apologies.... 1,000 to play 2 -3 tables at time

5 buy-ins doesn't seem like an awful lot, I'd probably go through that just getting warmed up .

dougee19

im a pro

RedJoker

dougee19 wrote: »

im a pro

a pro what?

dougee19

RedJoker wrote: »

a pro what?

a pro evo player bitch!!!!

i technically am ya know...

i live off poker ya know, just because i dont do well at it doesnt make me any less of a pro!!!

HoLLLLLaments

dougee19 wrote: »

a pro evo player bitch!!!!

i technically am ya know...

i live off poker ya know, just because i dont do well at it doesnt make me any less of a pro!!!

are you on the hendon mob db? you dont get your poker professional starter pack untill you are

dougee19

HoLLLLLaments wrote: »

are you on the hendon mob db? you dont get your poker professional starter pack untill you are

indeed i am, after a massive final table blowup in my only hendonmob ranked event, michael douglas :D:D

HoLLLLLaments

then you are officially a professional poker player, dont let anyone tell you otherwise

RedJoker

Not much of a pro player, he doesn't even have his picture up there.

dougee19

RedJoker wrote: »

Not much of a pro player, he doesn't even have his picture up there.

phil, you even have you name up there phil?? i dont see your name phil... i dont see phil's name up there



.... jealousy is a harsh thing

RedJoker

dougee19 wrote: »

phil, you even have you name up there phil?? i dont see your name phil... i dont see phil's name up there



.... jealousy is a harsh thing

lol yeah, that must be it :rolleyes:.

hf4z6sqo7vjngi

dougee19 wrote: »

i live off poker ya know, just because i dont do well at it doesnt make me any less of a pro!!!

this is funny:) you crack me up Dougee