Reasonable Expectation of Income

[EV_Does_It]

How much do you think is a reasonable expectation to be making at the tables? I am assuming about a $10,000 bankroll and am wondering if I can make over $25/hour with Hi-Lo as this is what I am currently making at my job. I suppose I could also play on the weekends with a "replenishable bankroll" until my BR is high enough to make more consistently. Thanks for your input.

[blueman]

$25/hr seems reasonable. Depends on conditions

[Midwest Player]

If you have a good benefits package (health, dental, vision etc.) that alone is worth $10 an hour.

[Goatlife]

400k ev on 200k bankroll

600k ev on 400k bankroll


if you work ur ass off, 1500 table time hours a year though. Not many can do it, enless you happen to be an addict. Then its easy breasy!!!!

[EV_Does_It]

400k ev on 200k bankroll

600k ev on 400k bankroll


if you work ur ass off, 1500 table time hours a year though. Not many can do it, enless you happen to be an addict. Then its easy breasy!!!!

I like this idea.... Gives me something to look forward to. Definitely need to account for health insurance ETC as mentioned in the previous post before I go too far though. I suppose the biggest allure to counting for me is the ability to have freedom in all aspects of my life, which wouldn't necessarily be the case if I was playing 1500 hours a year. Thank you everyone for your input!

[Jrhooper24]

Buy CXCV and it’ll tell you

[ZeeBabar]

Don’t fool yourself into quitting your job by early experiences in local casinos. It’s like deciding to quit a job and go make a living playing music cause so many bands/musicians are out there making beacoup money. More likely, You might end up playing boring music at weddings or bad bars, where no one is listening and you are getting paid $100 a night.

Save me up for a vacation, go play full time for a month and see how you do.

[nighterfighter]

Keep in mind if you are working for a company, at say $25/hr, you're earning ~$50,000 a year. The company probably pays a good amount of your health insurance, life insurance, disability, etc. Your "true value" is probably closer to say $70,000.

More importantly, you are only paying a small portion of your taxable burden. Look at how much you will owe in state/federal taxes (and social security, etc) as a W2 employee at $50k a year compared to self-employment at $50k a year.

[21forme]

Look at how much you will owe in state/federal taxes (and social security, etc) as a W2 employee at $50k a year compared to self-employment at $50k a year.

I'm not a CPA so correct me if I'm wrong, but I believe the self-employment tax includes both halves of the Social security contribution, so there's no benefit or disadvantage to being self-employed (Sch C filer). If there were, every self-employed person would form an S corp or LLC and file that way, which isn't the case.

[Midwest Player]

You are wrong. When you work for someone else like a company, they pay one half of the social security tax and you pay the other half which is deducted from your paycheck. If you are self employed you pay both halves which is a big 15.3%.

[EV_Does_It]

I don't like to get crazy into my personal situation, but I do not get any benefits from my current job so that is negligible. I would really like to take advantage playing to a new level so that I could have a higher level of freedom and also enjoy my work more, as I really do not enjoy my current profession. Thanks for all of the info!

[21forme]

You are wrong. When you work for someone else like a company, they pay one half of the social security tax and you pay the other half which is deducted from your paycheck. If you are self employed you pay both halves which is a big 15.3%.

Not really. My point is that if you work for yourself, whether a Sch C filer or you form an S corp or LLC, both halves of SS still come from the same pocket. Working for corporate America or someone else is a different situation where your employer pays half the SS.

[Freightman]

Not really. My point is that if you work for yourself, whether a Sch C filer or you form an S corp or LLC, both halves of SS still come from the same pocket. Working for corporate America or someone else is a different situation where your employer pays half the SS.

Pardon my ignorance on this - what’s the hit on a US resident pay check (noticed I used US spelling) for Social Security taxes. I think it’s much bigger than for a Canadian resident.