With the explosion of poker sites and poker tournaments in India over the last couple of years and with many more people just traveling abroad and in India to play poker tournaments, it is very essential for us to break down the numbers and see how sustainable live poker is given the obvious overheads which come with it.
I understand that I am a poker pro for one of the biggest poker sites in India and you will obviously be a little worried about where this is coming from as my job description would be to get more people play online. However, I am trying to break it down as much as I can and give you very very reasonable real-life numbers to back my math.
An event in Goa, typically will cost you about 1.5 Lakhs to play and if you make it to 6 events in a year that is 9 Lakhs.
So if you meet the above criteria you expect to make roughly 3,15,000 (35% of 9 Lakhs) . If you take TDS of 30% into consideration this number becomes 2,20,500. (i.e. Less 30% TDS)
|Heads||Calculation||Amount||Number Of Trips||Total|
|Flights||10000 to and fro||10000||6||60000|
The above table shows a reasonably fair budget for your yearly poker trips.
If you see with an ROI of 35% (i.e. Typically an excellent player's Return on Investment), you are not even breaking even. You end up losing 4500 at the end of the year.
Now before you jump in and tell me that hey that's not a bad price to pay to play poker and have fun, you are right. It is not a bad price. However, this price is valid if you are an absolute crusher. If you are not, then this price is going to be much higher.
Here is ROI wise data:-
|ROI||Return||After TDS||Total Profit /Loss|
To give some perspective on ROI, Chris Moorman, who is widely considered the best tournament player in the world, has a lifetime ROI of about 28%. So you do the math.
I am not trying to crush your big MTT win/ glory hunting dream but before you go all out, you need to know that you are losing money every time you head out to a live event and although very few admit, most Indian Pros in the tournament circuit lose money and survive longer because of sponsorships, action selling etc.
Good luck at the tables.