I was doing a few hypothetical calculations on poker earnings and you need to turn over surprisingly little to make a living. Here in the UK the average wage for the year is just under £24,000 (about $38,000). To make that amount of money over a working week of 38 hours would mean turning over about $19 per hour, something that multi-tabling 5/10c $10 buy-in table isn’t that hard to do. In fact as poker winnings are tax free you really only need to make $16 an hour to equate to the same level of income. Take out actual expenses involved in working, childcare, travel, insurance, petrol etc. and it looks an interesting prospect.
I guess what’s scary is not having anything to fall back on if things are going badly, would be great to build up 6 months wages and go for it, not that I’d ever have the bottle. One problem or may be a positive thing would be if I had to rely on poker for a living I’d be a rock for sure.
So if you don’t want to be greedy and you’re a decent player perhaps this is an option for you, beats working for a living.
Monday, 1 December 2008
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