Monday, November 10, 2008

figures

Some basic figures according to my winrate and the stars bonus program if I were playing full time...

Over 95k hands in 12.5 weeks at stars my winrate for all levels is 2.82ptbb/100 but is 3.1 adjusted for equity. I'd be playing a minimum of 100k up to 120k hands per month. Under the stars bonus program you can get a $4000 bonus every 100k vpp's with a milestone bonus every 100k vpp's starting at 200k vpp's. Currently I've gotten about 15% rakeback on stars, but this volume of play equates to around 62%.

100k hands/mo * 12 = 1.2million
1.2 million hands/year * 3ptbb = $72,000
1.2 million hands * .35 vpp/hand = 420,000 vpps
$2k + 3k + 4k milestone bonuses + 5 * $4k = $29,000
$72,000 + $29,000 = $101,000/yr

Now I could average more than 100k hands/mo and I definately could improve my winrate and move up in limits. The converse could also happen as I would surely feel burned out. Currently I make $19,000/yr. Even if I didnt come close to the figures I posted I would make somewhere in the range of 3x what I do at work. Other than needing to get some money saved up I dont see any reason not to go full time.

I could continue playing 8-10 hours a week and making the same $1500/mo I do while going back to school. I hate the feeling of being trapped in a dead end job and unable to travel or go back to school or do anything else but wake up and go to work. I don't really have any passion to do anything with a degree but I still have the drive to get one.