For example, let’s say your bankroll and skill level have you playing $2-$5 no limit hold’em at Bellagio. It’s important to know how much that game is worth to you. The best place to start would be to ask around and see what the best player in that game can expect to make, then deduct about 30% from that total. Yes, you may become the best player in that game, but until you have proven you can be, lets assume you are still in the learning phase and shouldn’t expect to jump out of the gate and be the best player at the table.Negreanu goes on to explain that maybe 2-5% of players who try it will actually be able to make a living from poker -- even if they don't blow the rest of their meager earnings on craps and blackjack (not to mention strippers, drinks, drugs, etc.).
Based on what I’ve heard, the best players in that game may make as much as $30 an hour. Deduct 30% from that, if all goes well you can target $21 an hour. To make the math easier, let’s just make it $20 flat per hour. Since our goal is to make $100,000 a year, now we can have a rough idea of how many hours we actually need to spend at the table playing poker. That comes to 5000 hours a year playing. If we break down that further, that comes to 417 hours a month, which breaks down to over 100 hours a week! This is before we even add all of the study hours required to be in line with our vision statement. For ever 10 hours of play, you should add at least two hours of study time. Add on another 1000 hours a year of study, which boils down to 14 hours a week.
So now we have you playing 105 hours a week, and studying around 14 hours a week for a total close to 120 hours in a week. Do you know how many hours are in a week? 168. If you plan on sleeping 8 hours a night, that’s another 56 hours a week. With work/study at 120 and sleep at 56, that totals 176 hours a week.
Uh oh, Houston we have a problem! While your vision statement was quite clear as was your goal, your plan just isn’t feasible. It’s just not humanly possible unless you plan on skipping out on sleep entirely and having absolutely no social life whatsoever! No matter how good you play, your plan is destined to fail and it will.