Quote:
Originally Posted by CrazyLond
If you won 1 BB/hr that's $40 an hour which is 80k a year if you are playing full time. Even after adjusting for Calli's uncertainty equivalent mumbo jumbo that's still going to land you higher than the median US household income.
1. If you can't stand the mumbo jumbo just use CE = WR / 2.
2. I think the key here is "full time." There aren't that many places in the country where 20/40 LHE runs 2,000 hours a year, and for the places that do, many are high COL places where - contrary to popular belief - you can live on $40,000 a year, but with sacrifices (typically time spent commuting from a distant location or desirability of your living situation / neighborhood).
3. The other assumption is that because a salaried 9-to-5 worker gets paid for 2,000 hours, it's easy for a poker player to put in 2,000 hours. As with other self-employment, you only get paid for the time you're actively working. If you're the type of office worker who rolls in at 8:15, grabs a coffee, checks DFS, takes four 5-minute smoke breaks, flirts with the receptionist, stretches your lunch hour to 1:10, take a walk for 15 min while IT fixes your computer, and packs up at 4:45 to be out the door at 5, you may be gone from your house for 10 hours, at the office for 9, paid for 8, and get like 5 hours of work done. A lot of poker pros put in 1,200 hours and it feels full because I think it's pretty damn close to the amount they would have actually worked in an office.
(Let's be frank, most poker pros admit that they aren't Employee of the Month types.)
People like Jon Locke are pretty extreme outliers. It sounds quite reasonable to say you're going to put in 2,000 hours of 20/40 and have a decent living, but it's really hard to do in practice.