The Snug Rhino

i did the poker thing for 12months - i cut back my hours of work in my normal job which meant i went from about £150k pa to £20k....i just did enough so i could go back to it.

i managed to earn enough playing poker that i didnt go too short that year - reason i gave up is because its boring as hell. playing online professionally is as much fun as...errr...sitting in front of a pc all day. Playing in casinos is too slow unless you have a LARGE bankroll.

i concluded to earn more than £100k pa you would have to run a much larger roll than i was happy to drop and do a job that was basically crap. I met and played with a few pros, was even on TV myself - never met anyone with a lifestyle iw ould want so i wnet back to work, never played again...prob never will.

GazTheHat

Luan Pra bang

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There is such a gane called its called betfair poker. Register for a betfair account and you can play a 'pretend version' or watch real money games in progress.

Dunk

iTrader: (1)

Lock up garages....cash return at 20% pa, opportunity for capital growth & slim chance of redevelopment for a decent prize. Downside: high maintenance with multiple "tenants" & not easy to exit.

D

LG John

Fair play - giving up a £120pa job to play poker is a big ask. I'd never play poker again either if i earned that much in a job I enjoyed. In my current job I spend 7 hours a day glued to a pc bored out my skull so I don't see spending around 6 slightly less bored hours with the ultimate flexi-time and for double the wages (at least) as much of a hardship.

Perhaps I've been spoiled but I've had insight into two big Scottish online pro's lives and its fairytale stuff. Do what they want when they wan't, fast cars, world travel, meet new people, etc, etc.

TopBanana

If you're not risk averse, you could bet it all on the toss of a coin

moses

lol so so sorry i know mate just got mixed up yes its hummel, i feel like a tw@t coz i knew it woz himmel , himmler came oot, coz i studied himmlers white muslim division of the waffen ss handzchar so i always get himmel mixed up wae himmel

cheers for correcting me

moses

true mate catering business u can rake it in, a pity i cant cook as good as the asian ladies can

cheers

turboman786

I reckon I could easily double £50k in 2 years, property would not achieve that, not any more......

I would keep it simple and invest in cars (buying and selling)! Simple, hard, but effective!

Alternatively invest in personal injury cases from a case referrer and make a small killing....

Deep Singh

The only investment that has returned me that kind of gain is property in India. I paid 25 lakh rupees (approx £30k) for some land and then sold it on after cutting it up into building plots for 50 lakh rupees about 10 months later. Subtract 10% expenses/fees and about 10% movement against me in terms of currency and I achieved about 80% gain.
I could only do this because I had an uncle out there that helped me.
The original capital + gain is being reinvested in more property out there, its going through the roof at the moment. I'm being careful though and resisting the temptation to invest say £250k to try and make another £250k over the next year just in case things go wrong!

J4CKO

iTrader: (1)

Snug, what do you do for a living ?

moses

very good business bros i swear tae God lol im doing the same at the moment


the land is in a city called pirmahal in punjab , an hr and a half away fae faisalabad

its a farm so its rented oot tae farmers and were making money that way anyway but the land shortage and foreigners buying houses has put up the prices up so high the natives cant afford them , most of pirmahal people have family that r mostly scottish pakistani;s or parts of england but mainly its a small version of scotland thats where they shifted so many yrs ago

so this land we r gonna develop it soon and split it intae plots and sell them on, my uncle has already done it and his land woz worth 200k but by doing so in a yr has sold it for near 500k thats alot of money as u know in pakistan, oor land aint touched yet but its in demand

mohammad sarwar the mp had land their a yr and a half ago his land woz worth 400k but my developing it he sold it on near 1 million quid, **** thats massive in pakistan lol

he sold his tae other developers but hey the native pakistanis hate us scottish paki's now coz of it, coz they cant afford houses their now

moses

some land u should keep and develop it and make a small town in due time bros, build houses wae shops underneath and ask other local investers tae invest in it if they can

but keep the plots tae yerself, u will mint it big time ameen


mohammad sarwar has kept his other land and developed it and its called uk town

Jamie

He does not like mr blair moses


any more recipes chap ??

moses

i dont either and i dont like mohammad sarwar he is one of those uncle toms , reminds me of the asses who betrayed india during the raj


lol i only like alex salmond, george galloway, retired tony benny, jeremy corbyn and sadiq khan the english mp and nicola sturgeon

lol sure mate i will post some up later

cheers but credit where its due, mohammad sarwar is alot better then the *** khalid mahmood and shahid malik mp;s their just pure donkeys

turboman786

The problem with investing in India/Pakistan/Bangladesh etc, is that the corruption is so ingrained that it is VERY easy to lose EVERYTHING........sure when you make you make, but when you lose you really do stand to have your pants taken down....

I have considered this kind of investment, but it would cause me too many sleepless nights, especially as I have witnessed many times 1st hand just how corrupt people are in the indo-pak subcontinent....

moses

big time bros but the most corrupt r the family members their i believe deep sorted that oot and i did as well a yr ago


but theirs legal ways of doing things, really depends on who is gonna get intae power next time as well


things change their faster than a lad can change his pants lol

bros turbo buy a nice few small houses in malaysia or turkey and rent them oot

Deep Singh

Moses, you're right. In India at the moment it seems like the UK 10 years ago ie anything you buy goes up. You can't go wrong as long as you don't get ripped off. I thought it was over because things usually are by the time I've cottoned on to them but its not and it seems like it won't for at least the next couple of years.
Friends/relatives with bigger ***** than me are going to be millionaires from this boom in India within a few years. I just wish I had the time and appetite for risk.

Gangsta Smurf

give me £50k and I'll double it within 6 months spreadbetting on Oil/Gold/Silver and soft commodities.

Deep Singh

Turbo, yes there is corruption but that should not mean you lose your shirt. Its not anarchy/martial law out there, its still a democracy with a full legal system. Things aren't as regulated as they here but that doesn't mean its chaos either. You just need a local friend/relative to 'smooth' things over for you. There is big money to be made out there. Don't get me wrong, I'm NOT making big money myself because I don't have the time but for the next few years people could make their fortunes out there like people did in the UK 10/15 years ago.

moses

i wish u the best bros i know how u feel, i feel the same when we slave day and nite here and specially when relatives mint it in oor lands etc and lol u r right aboot cousins becoming millionaires in those countries, imagine bros if their woz proper peace between pakistan and india, bloody hell the economies would be up their wae china and japan and look at the populations, i just wish they can make peace and people fae bothsides help each others countries tae get back on their feet

God willing both countries r in the way up , u know after 9/11 and the hassle of some american pakistanis and what they went through coz of the patriot act, alot of them were rich and sold their business's and came tae pakistan and bought houses in islamabad and lahore the defence area, i swear it is so hard tae get a decent priced house their now the foreign pakistani origin folk along wae the economy going up has made it impossible for alot of folk tae buy a decent house, an average 5 bedroom house in islamabad is overhalf a million quid and lahore is near 400k

i just wish when we had the time and extra cash we should have bought up the lands and houses in those area's


wish u all the best and God willing when its yer time, God will look after u ameen


after my uncle sold some of his land he bought a massive dairy farm and bought the cattle and is selling milk and making loads lol and all that idea woz my dads rest in peace


sad thing is my uncle didnt earn all that it woz my dads land lol

peace

moses

well said, so true

Deep Singh

Of course you can. Borrow it from the bank then

The Snug Rhino

inheritance tax consultant (basically a very specialised financial adviser)

SB,

I had the opposite experience with the pros, the ones i meet where big names - the sort i assumed where raking it in. In reality they werent and the odd win of £50k looks nice but when you work out its only every 6 months and in between they drop £30k its suddenly all a bit different.

It was a laugh for a while but i now earn more in my 9-5 job and (as i own my company) have more flexability and a better standiard of life than when i was "playing" for mony. TBH neither job is one i love.....but poker became something i disliked.

Deep Singh

As a quick aside, Snug, at what age should one start to inheritance tax plan? I'm 30 cough something and have a 6 month old. Also how do you make your money? Do you charge for the service or make comms from financial products you sell?

Deep

LG John

Sounds like circuit pro's - the guys that go from place to place living out a bag playing till the early hours in the morning in tourneys all over the world. That doesn't appeal to me to be honest. I'd like to pick and choose some of these events to go to but not live from place to place. It is also the case that hour for hour they will probably make a lot less than an internet pro simply on account of hands per hour, the ability to multi-table online and the fact that they are usually playing against other very good pro's. Online you could be playing a high stakes game against someone that is blowing their life savings but can't play to save themselves.

I can't think of anything less appealing that touring the casino events. It would also take the shine of them IMHO. For me I'd like to primarily be an internet player but with maybe 4-5 events a year in different corners of the globe. That way I see a bit of the world but each event is still something to look forward to as opposed to par for the course.

The downside with that sort of existance is I'll probably never be known. I'm not in poker to make a name for myself though - it would be nice to be recognised as one of the best players in the UK but I'd truthfully be happy to just make solid money and never be known from adam.

It always amazes me that some of the biggest names in the game sit at high stakes cash tables with some of the bigger names in the game and lose hundreds of thousands. These guys could make massive amounts of money playing lesser players but their desire to beat the best means that they sit at the table with the 9 best players. Crazy that a pro player that could crush 99.9% of all poker players would chose to sit at the ONLY table in the world where he/she will lose money just to try and put a few big hands/bluffs together and score some kudos

LG John

This thread was great today guys - it got me through a very boring (typical) day at work. I think you can see where my passion in life lies (along with cars and boobies )

moses

lol @ boobies haha u nutter

personally i never chased money all i wanted ever tae dae is make enuff so if something happens tae me my mum, wife and kids can look after themselves

money comes and money goes, happiness is where its at and being in peace

LG John

Actually moses the real appeal in poker is flexibility. If you said to me know that I could make a tax free £35k from 20-25 hours a week with ample holidays at poker for the rest of my life I'd take it. I'd be able to mix and match those hours as I please, meet friends for lunch when I want, sleep in when I want, not work when I want, be there for my kids when they need me, etc, etc, etc. That is the true appeal - creating time for the things that really matter. Generally the more you earn in a job the more hours and stress you have to endure to achieve it. With poker the more you earn and further up the levels you go the more you can scale back your time committment.

Online pro and ex-gaming pro Tillerman (a fellow weegie) once stated in his blog that he'd averaged £300 an hour for several months. Given that he's almost certainly mortgage free with no debt its clear that he doesn't have to work many hours to have a very comfortable lifestyle.

LUCKO

iTrader: (3)

very interesting read Saxo Boy