Using a Bank Loan to start a Bankroll?

Using a Bank Loan to start a Bankroll?

Just seeing the title alone shows that more information is needed to even think this is a valid idea. So heres what i'm thinking, and wondering the thoughts of others.

I plan on taking on a $1k loan to start at 25nl playing on Ignition. One of the softest Cash Game sites there is. I have already ran up a roll in 2014 starting with $100 5nl and bringing it to $700 in 6 weeks playing about 50 hours a week. Yes, I believe i could do this again, yet, would take a bit longer since during that run, I ran pretty amazing. The problem is, I wont be playing and studying that many hours since I have 2 jobs now. I'll most likely be playing about 40 hours a month, making the process take much longer and thats just something I don't think I can mentally do again starting from $100, taking months to get to $1000 to play 25nl where I want to start and progress my roll.

Now that you understand my idea, lets talk about why i think it might be an okay idea. Talking Finances.
I work 2 Jobs as of right now.
32 Hours a week at $19/h and 10 Hours at 13/h.
You're probably thinking, why not take $1000 out and just play since you make that much a month. Well, I have life to pay for. House, Car, Bills! etc.
The bank interest rate is 4.3% APR. So it wouldn't be a terrible rate to pay. I've tried to find a 50/50 backer, but I don't have a Poker Resume that I can hand them, showing graphs and all that such, because I never had Bovada Card Catcher and PT4 when I was starting my grind.
Anyways! Back to whats important. If I paid the 4.3% APR over 6months of taking money out of each of my checks. It would in theory, be like i was creating my bankroll with my own money. But not taking a couple months to accumulate the $1k.

In Conclusion,
I would be getting a $1k 4.3% APR loan for 6 months.
I would be starting with 25nl at 40BI Bankroll.
I would be studying and playing 40-50 hours a month.
I have 2 jobs, averaging a Bi-weekly income of $1300ish to pay off the loan.
I believe back when I played in 2014 i had 12bb/100ish over 80k hands on ignition, but ran super amazing even when taking shots at 10nl and 25nl. I would say my average BB/100 at Micros is probably 5-7bb/100.

Thoughts, Comments and Ideas please!

19 May 2017 at 07:06 PM
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