In my free time, I like to play Texas Hold ’em for fun. I am only 19 years old, so I can only play in tournaments to win money at charity places. Once I’m 21, obviously, I can play anywhere I would want.
Recently, I was able to sit in on a few tournaments because I am on break from school. The second and third tournament I went to I “cashed out”, meaning I got to the end of the tourney to make some money. After both of these wins I was sitting at a profit of $470. To get into these tournaments, only a buy-in of $10 is required. You can pay an extra $10 to get extra chips at the beginning. Also, within the first hour, you can re-buy back into the tournament. The tournament I go to usually has no more than four tables, or 40 people. You can earn quite a bit of money for just $10, because a lot of people like to re-buy within the first hour, thus making the prize pool all the bigger. The tournament usually pays the top 3 or 4 people. Sometimes if the tourney is running a bit long and it is down to the final table with a few people left, they split up the prize money.
This tournament is available on Sunday, Tuesday, and Thursday afternoons. I buy-in for $10 and see what I can do with those chips. Most people buy-in for $20 right away. If I happen to bust, or lose all my chips, within the first hour, then I will re-buy for another $10. After that, no more money will be coming from my pocket. I do not like to put too much money in the prize pool from my wallet, because I would not get that big of a return, or profit. If I lose the second time, I get up, leave, and wait until the next tourney.
If I keep doing well, and learning as I go, this poker money can easily be another form of income for me! I have decided to work my school schedule and normal work schedule around the tournament times to maximize my income! Good idea, right? I think so! 🙂 As stated before, I have cashed out twice already. I am using this money to play in more future tournaments. I like to call it my bankroll. I am not playing with my money anymore. I am playing with the money I have previously collected from other people. With $400, I can play twenty more times and have the chance of winning more within those times. The goal is to keep building my bankroll by cashing out multiple times and more frequently. I believe I can accomplish this.
Some people are pro poker players. They play poker for their entire income and have huge houses! Who knows, once I turn 21, hit it big, and move to Vegas, I could be one! All joking aside…I enjoy playing this game and if I can make extra money in the process, I will take it!