Cashing out :/

edit: nvm

gl :d

if you have an alternate stream of income, especially to the tune of a full time job, then your bankroll is infinite and you can play whatever stakes you want. Shortstack a single buyin at 25/50 if you feel like it Once you get over the fear of going busto, and recognize that your bankroll is the culmination of every future deposit you might make for the next 20 years, you should feel a lot better about playing whatever limit you feel like. Plus you have the added benefit of knowing a couple of things about the game so you may not end up depositing often at all.

On February 19 2013 19:06 NewbSaibot wrote: if you have an alternate stream of income, especially to the tune of a full time job, then your bankroll is infinite and you can play whatever stakes you want. Shortstack a single buyin at 25/50 if you feel like it Once you get over the fear of going busto, and recognize that your bankroll is the culmination of every future deposit you might make for the next 20 years, you should feel a lot better about playing whatever limit you feel like. Plus you have the added benefit of knowing a couple of things about the game so you may not end up depositing often at all.

I dunno I wouldn't play poker if I knew I'm the donkey in the games.

Plus a career in sales is never stable, you don't know what can happen it's good to have something stable like poker to fall back where you can just grind it out 12hrs/day for a stable income

Really poker is always here, but especially in outsourced sales the clients can pull a product within 24hours and I'm fucked pretty much (although it's super easy to find a sales job, you are never safe in the one you're in).

Playing poker in the UK is the nuts.. tax free isn't it?

GL

On February 19 2013 19:36 goose58 wrote: Playing poker in the UK is the nuts.. tax free isn't it? GL

of course, obviously if you would tax winnings any legit government would have to allow you to deduct losses, am I right?

In the USA you deduct losses or net your winnings depending on your circumstances and how you are filing.

In the UK, I have read there is a 0% tax rate on gambling winnings, and was one of the few countries in the world to do this. Is that correct?

On February 19 2013 21:13 goose58 wrote: In the USA you deduct losses or net your winnings depending on your circumstances and how you are filing. In the UK, I have read there is a 0% tax rate on gambling winnings, and was one of the few countries in the world to do this. Is that correct?

Dunno bout UK, but I know it's like this in Canada. When you hear on the news someone winning $35 mill, they win 35 mill.

On February 19 2013 21:25 devon06atX wrote: Show nested quote + On February 19 2013 21:13 goose58 wrote: In the USA you deduct losses or net your winnings depending on your circumstances and how you are filing. In the UK, I have read there is a 0% tax rate on gambling winnings, and was one of the few countries in the world to do this. Is that correct? Dunno bout UK, but I know it's like this in Canada. When you hear on the news someone winning $35 mill, they win 35 mill.

I'm the furthest thing from a tax expert, but I do remember what you are saying to be true years ago. I seem to recall that Canada has started taxing poker players as of a few years ago.

Quick Google result:


http://www.theglobeandmail.com/commen...ings-read-it-and-weep/article1210182/

On February 19 2013 21:13 goose58 wrote: In the USA you deduct losses or net your winnings depending on your circumstances and how you are filing. In the UK, I have read there is a 0% tax rate on gambling winnings, and was one of the few countries in the world to do this. Is that correct?

Yeah but if you lose 20k over the course of a year can you deduct this from your other taxable earnings??
If you win 500k one year and lose 400k the next are you down overall?? These things seem crazy - like how can they take if you win but not give anything back when you lose

sucks, !Also yes there is no tax on gambling winnings here, there is talks about taxes coming in but it looks like they are likely to hit the online providers and not poker players (online gambling taxes not gambling income taxes afaik)

I'm not sure, but yea it sucks.

On February 19 2013 19:06 NewbSaibot wrote: if you have an alternate stream of income, especially to the tune of a full time job, then your bankroll is infinite and you can play whatever stakes you want. Shortstack a single buyin at 25/50 if you feel like it Once you get over the fear of going busto, and recognize that your bankroll is the culmination of every future deposit you might make for the next 20 years, you should feel a lot better about playing whatever limit you feel like. Plus you have the added benefit of knowing a couple of things about the game so you may not end up depositing often at all.

lol

get a stake?

GL graph looks really good, don't get too out of line with your BRM though.

Once I cashout get settled I will be a lot more aggressive, because I find it's a lot ore fun when you know you can make 20% of your BR in once day if you have a huge session

variance has negative sides just as positive sides, you can also lose 20% of your BR in a day.

Don't you have a college degree? Going from working at Meltwater to knocking on peoples doors selling is a pretty big difference. Or am I misinformed?

On February 20 2013 10:01 iop wrote: Don't you have a college degree? Going from working at Meltwater to knocking on peoples doors selling is a pretty big difference. Or am I misinformed?

Ye I have university degree, experience in finance dept of largest bank and worked for Meltwater, but all that stuff was boring, I don't really feel like getting a standard job (unless I get a family maybe my view will change). I like working on pure commission work self employed be my own boss, the money is the same/better when you do really good and you get to manage people super fast. Sales is sales really be it B2B B2C, although the product we do now is too technical/easy to sign people up and I want something where I will learn again :/

On February 20 2013 15:58 LemOn[5thF] wrote: Show nested quote + On February 20 2013 10:01 iop wrote: Don't you have a college degree? Going from working at Meltwater to knocking on peoples doors selling is a pretty big difference. Or am I misinformed? Ye I have university degree, experience in finance dept of largest bank and worked for Meltwater, but all that stuff was boring, I don't really feel like getting a standard job (unless I get a family maybe my view will change). I like working on pure commission work self employed be my own boss, the money is the same/better when you do really good and you get to manage people super fast. Sales is sales really be it B2B B2C, although the product we do now is too technical/easy to sign people up and I want something where I will learn again :/

That's one ballsy move. Best of luck to you.

Withdrew $1100 BR down to 1020 :/

Had a solid week at work tho, made $600 but will get that in 2 weeks :O

Cheaper flat, easy product, new start (worked some 3.5hours today made $200 and even dropped 2 more sales for a newbie :O)

sounds like you really want to take poker to the next level