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Going Pro: What You Should Know Before Playing Poker For a Living - Part 1 of 3

Posted on Sun Oct 29, 2006 06:28:57 PM
Filed under Articles, Bankroll Management and Personal Finance, Going Pro, Playing for a Living

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A fair amount has been written on the topic of going pro, but a lot of it is only moderately useful.

Most of the material written more than three years ago is almost entirely obsolete. And a lot of the new material is little more than a warning or plea to ...

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6 Responses to “Going Pro: What You Should Know Before Playing Poker For a Living - Part 1 of 3”

1

[...] This article originally appeared in the June 2005 Two Plus Two Internet Magazine. It’s the first in a three-part series on things to think about when considering quitting your job and “going pro.” A fair amount has been written on the …Read more… This entry was posted on Sunday, October 29th, 2006 at 6:34 pm and is filed under news330. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. [...]

PeterL
@ Mon Oct 30, 2006 04:46:13 AM
2

Hi

I find it amazing that you guys pay tax on poker winnings. In Britain all gambling has been tax free for years, we also have pension schemes which we can claim tax back on even if we haven’t paid it (thanks to the pension crisis).

I can’y help wondering why all the best players stay in America with the governments attitude towards online gambling and the tax bill you receive on it after all that..

Ed Miller
@ Mon Oct 30, 2006 10:48:33 PM
3

Hi Peter,

The US does have somewhat draconian gambling laws for reasons I don’t fully understand. As for why Americans don’t leave… well, this is home. :) There are much tougher places in the world to live than America (Iraq comes to mind), yet people stay in those places also. It takes a lot to uproot yourself and move to a strange new world… but I would appreciate some love from our government one of these days.

4

[...] http://www.notedpokerauthority.com/articles/going-pro-part-1-of-3.html [...]

Jude
@ Wed Oct 31, 2007 10:55:47 AM
5

I can’t help but think that Iraq isn’t a very nice place to be (well at least in part) living in mainly because Americans are over there bombing the hell out of them in ‘their homes’ and obviously pick off a fair few of the English at the same time *big pitiful sy*. But your right home is home and I could imagine leaving England for good (even though the occasional sunny break never goes a miss).

Josh
@ Mon Nov 26, 2007 02:07:16 PM
6

Hi, I just wanted to say that this is a great three part series! However, I just can’t help thinking that “Monthly nut” ought to be renamed “Monthly rake”… :)

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