For those of you who play cash games professionally or seriously for a side income I was wondering what your hourly rate is ?
I understand if people don't want disclose this type of information on an open forum, just curious as to how much the best players make at each stake.
Obviously you have to take into consideration stakes played, amount of tables played at a time, size of sample etc...
If my calculations are right here then once you reach say 50nl there is potential to make a decent hourly wage. Lets say you play 6 tables and average 500 hands/hr. You beat the level for a good 3bb/100 winrate theres £1.50 x 5 = £7.50.
Then add your priority rakeback and cash bonuses so say the equivalent to 20% rakeback. Say you play 6 tables of 50nl, 5 hours a day, 7 days a week. You rake £167 per day so 20% of that is - £33.40 and if you want to work out what that is per hour divide the sum by your 5 hours which equals - £6.68
So add your 3bb/100 winrate plus your 20% rakeback and your hourly is roughly - £14.18. Times that by 35 hours and your weekly total is - £496.30
Anybody who plays them stakes have a similar hourly income ? As I am sure the best 50nl players are winning by atleast that winrate.
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The only thing I may dispute are your estimations on rake. £167 rake paid on 2,500 hands at 50nl works out as 13.36bb/100 in rake, which I think is a little on the high side. On sites where I can fully track my hand history, I find 5% rake in 6max cash games at 50nl and under comes in at around the 10bb/100 mark, so you'd be looking at £125 in rake paid per day and so £5 per hour in rakeback. However, if your play style is somewhat on the loose end of the spectrum and/or you are playing short handed a lot then your original figures may be closer to correct.
The reality is that it would be tough to get that kind of volume in consistently on Sky at just 50nl as there are simply not enough 50nl tables running a lot of the time. It is certainly possible to make £2k per month playing low stakes games on Sky, but it is not as smoothly simple as your hypothesis suggests (you seem to know what you're talking about though so I'm sure you realise this).
Do you play for a living or for fun/side income ?
I'm guessing you're new to Sky so best of luck if you make it onto the tables. Are you an aspiring pro?
I just need to improve my mental game more than anything, try to understand variance better, work on my tilt issues and try and learn to play within my bankroll.
What stakes are you currently playing ? HU or 6-max ?
Good luck with your goals and climbing the stakes. In case you're not aware, the rake lowers to 5% once you reach 20nl (it's 7.5% at 10nl and under), which makes the jump a little easier as it's like receiving a natural boost in your winrate.
I mean in my opinion the skill gap between 4nl and 10nl is not massive and if you can beat 4nl for a decent clip then 10nl should not be a problem either.
GL anyway and thanks for your comments...
That's how much a difference 2.5% rake from every pot makes.
Or rather than moving up and playing 10nl exclusively do you think I would be better mixing a few soft tables of 10nl in with my 4nl tables ?
Obviously this choice would be bankroll permitting, and then some 10nl tables would still probably have to be mixed in if there was not 6 tables of 20nl running.
Working on your HU game can be a good idea so you can do a lot of table starting. You'll be amazed at how profitable that can be.
Play 4nl till I have £300 and then move up and 6 table 10nl if there are 6 tables running, if not add in a few 4nl tables.
Play 4nl till I have £600 and then move up and 6 table 20nl if there are 6 tables running, if not add in a few 10nl tables.
At the moment I just want to be sure that I can beat a certain level for a decent sample before moving up, but if you think that skipping 10nl will be worth while I might just do that.
I haven't noticed a whole lot of difference between 4nl and 10nl personally but have not played that much 10nl so there is a genuine chance that I was just running hot at 10nl.
Can I ask what stakes you play mate and whether your main game is HU or 6-max ?
Never be scared money, tho.
EDIT: Removed demeaning slur.
My last attempt I was 6 tabling 10nl with a £150 bank roll. I genuinely believe that I can beat 10nl but I have no evidence to support this, at least not over a decent sample. I know 100% I am a decent winner at 4nl over a decent sample, however I know this is not hard at all for anyone with basic poker knowledge.
The first day or two I was up at least 5 buy-ins then on the third day I dropped back to even or just below what I started with on day one and this had a real negative impact on my thought process. Writing it now it seems pathetic as It was probably only a 3 day (15 hour BE stretch) and I would of probably overcome it if I kept on playing. Its just that I had never had such a long BE stretch at 4nl even though it was only roughly 7.5k hands.
I understand that volume is the key to moving up and you should not beat yourself up over a loosing session here and there as the higher the stakes you play, the better your opponents will be and the higher the variance will be.
I'm thinking maybe wait till I have £400 (40 buy-ins for 10nl) then like K0BAYASHl said play something along the lines of 4 x 10nl and 2 x 4nl tables. I think the more buy-ins that I have the more comfortable I am going to feel as like last time starting with just 15 buy-ins and then dropping to below what I started with I felt the pressure that if I don't win a few buy-ins in the next day or so I am going to have to move down again which is something I did not want.
Thanks for your reply, can I ask whether you play for a living or for fun/side income, what stakes you play and HU or 6-max ?