Redundancy/fulltime poker advice please

[GreekStein]

Stay backed for a while until you have a big enough roll to go it alone.

[istrabraq]

Good luck with what ever you decide . But don't leave home on bad terms you only have 1 mum she is only worried about you . Poker will always be there .

[pleno1]

If you're going to be playing 100/200nl backed I think playing 50/100NL on your own dime is much better.

You're a level headed guy and I know you'll make a success of it, I think that if you do stay backed with S & M then the deal would have to be changed in some way perhaps involving more 1on1 coaching or a bigger % share to yourself as playing for half the stakes (where games are easier) for double the % makes more sense when you're bum hunting etc as theres alooooot more games at 50/100/200 than at 400. If there was a tonne of fish sitting all; the time at 400 and you got as decent stop loss i.2 10+ bi's then perhaps staying backed would be a good idea.

The pro's behind staying with S & M are they are both sound guys, very very trustful and good people to get advice from about poker.

I would play on your own dime till February/March, games are always great in December and January and then reconsider what to do in Feb/March i.e, move away for 6 months with some players, come to live with me in Spain, go to Vegas, etc etc. If things go tits up before March then you know you can get backed either by S & M or by other people and you can do that, or use you're qualifications to get a job.

Oh and

Good luck with what ever you decide . But don't leave home on bad terms you only have 1 mum she is only worried about you . Poker will always be there .

[34sooted5betshove]

Do it you have a great situation one of the best things to have in this world is a trade to fall back on if your poker goes tits up.

[claypole]

First bit of advice, try and get your mum on side. I know it's of easy, but she may well get there.

If you end up leaving home, I to play free of life stress it's a good idea to have 6 months "living money" set aside. Like Dave says, you should minimise that and if youre not going to be at home I agree - a great chance to go to Thailand, Costa Rica etc and minimise your outgoings  AND seethe world a bit.

In terms of staked or own dime, I'm no cash player - however surely it's just simple BRM and the key question is how much money you have total, life and poker roll and work from there. If you are rolled to play at the level you want, I'd crack on - if not carry on being staked.   Cash should be less brutal variance wise obv - but from an MTT perspective where swings are brutal all I would share about my first year of playing full time is pretty simple; if you play on your own dime the highs are higher, but the lows are horrible.  I didn't appreciate that until I'm actually doing it, albeit I've ha incred swingingy first 12 months.

Based on info given, I'd jump on a plane to Asia, give your mam a big hug, say your travelling, get to Thailand and grind - stay staked until roll enough to go on your own.

[mondatoo]

As far as staking, it's far to situational really. But obv if going on your own dime could lead to you not being able to survive a couple of bad months then that would be stupid. I'd say if you where comfortably rolled then it best to have 100% of yourself but there's people who have no br issues that prefer being staked.

Run good, bink something and your Mam will come round. VBOL.

[Royal Flush]

Why do people keep saying 100/200nl and 50/100nl i assume you mean 1-2 and .50-1?

Just put it all in play and go for a mad spin, if it works you are the new young wonderkid, if it doesn't get job hunting.

[Dubai]

I could have been a wonder kid but I put it all in play and lost at 25,000/50,000 nl and PLO- that does sound crazy high, gonna be my new brag

[paulhouk03]

Don't be a degen

[the rage]

You could check out Blackbelt Poker. Not sure if there is going to be another grading process any time soon, but it could be worth asking the question. Some excellent players have successfully completed the grading process and probably learned a lot about poker as well as getting staking and building up contacts with like minded players.
 Neil Channing will be in Nottingham at the weekend, you could always have a qick chat with him. He seems like a very nice man. I'm pretty sure he will offer a few words of advice.
  Just a thought-Good Luck, whatever you choose to do.

[AdamM]

My first reaction when I read the title was "No, don't do it."
I was made redundant in 2005 and took a shot at playing full time, and ended up hating the game.
Ran REALLY bad and found it really hard to adjust to the constant drain on the bankroll for household bills.

Having said that, I had a mortgage, a wife and two kids. (still do thankfully).
If I was 10 years younger with no commitments, it'd be a different proposition altogether.

People did warn me poker made a better hobby than a job, but I had to find out for myself.

I also remamber Barney Boatman saying it was "the hardest way to make an easy buck"
(He may have been quoting someone else).

Good luck if you go for it.

[Royal Flush]

I play a lot of live cash Dubai mostly infinite NL infinite PLO can get pretty hairy at time i tell ya

[outragous76]

I play a lot of live cash Dubai mostly infinite NL infinite PLO can get pretty hairy at time i tell ya

<3

[ACE2M]

Look at a few years down the line.

What do you want from poker? To make enough to retire in 10 years? Happy to grind for 30 years?
Want to be a millionaire in 5 years?

Give yourself a limit of time on what you want to do, if you've not acheived the level you wanted in that time then do something else.

[outragous76]

Another thing to consider is the opportunity cost of playing poker for a living

So for me in my work it would be career progession, and the ability for me to achieve various things due to having missed 3/5 years etc.