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Old 02-14-2010, 11:59 AM   #16
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Re: The opportunity cost conundrum

I agree with Barewire here...

If you make $X/hr. at poker playing X/hrs. a week...if you doubled the amount of hrs, would you be able to maintain your hourly rate? Doubtful, highly doubtful.

If you go to the gym, spend time doing things you love and as a result are a happier person, will that help your mindset and make you play better poker ?? Most likely this answer is a resounding yes.

So now your happier, more clear headed, and are still playing "X" hrs of poker a week. I would imagine that putting in a few hrs. doing things you love will more than make up for itself and your hourly rate will increase as a result.

My conclusion is that doing what you love, given that it's not all day every day....will increase your win rate over time. NOT playing guitar, being with friends, and going to the gym will COST you money over the course of time. It's just like how a car works, it may be fast and fun now, but if you don't maintain it and give it fuel...it won't perform very well for very long.
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Old 02-14-2010, 12:03 PM   #17
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Re: The opportunity cost conundrum

there should always be times where spending that hour working out/going out/etc is actually worth more than X, where X is your hourly utility. if you balance your priorities properly, this happens way before you spend a month or two never having seen sunlight.

this applies for everyone no matter how successful and variance free their game is.


i mean, sure if you have an hourly of 200, and your roll is like 4k, go ahead and play your ass off because that's mad utility. but if your hourly is really 200, eventually your net worth grows to a point such that spending that hour making another 200 isn't as valuable as doing other things. your priorities in life will help you decide whether that net worth will be 20k or 120k or 1.2m.


besides, doens't it feel so balla? typing out this post didn't come cheap
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Old 02-14-2010, 05:34 PM   #18
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Re: The opportunity cost conundrum

Some good posts here, thanks for those who have responded. Will write a few more thoughts later on.
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Old 02-14-2010, 05:48 PM   #19
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Re: The opportunity cost conundrum

welcome to the online world
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Old 02-14-2010, 05:57 PM   #20
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Re: The opportunity cost conundrum

hello other Reef

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OP, there's only so much pokers you can play. Relax and enjoy life
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Old 02-14-2010, 06:17 PM   #21
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Re: The opportunity cost conundrum

only read the first paragraph but how is your life so unbalanced that you cant spare 2 hrs a day to do basic ****.

ur not some idiot 3 million hand breakeven rakeback pro are u?
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Old 02-14-2010, 06:40 PM   #22
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Re: The opportunity cost conundrum

I felt like OP when I was in school and had a ton of stuff on the go.

Once I started playing full time and the monotony set in, I quickly began longing to go to the gym, take the dog out, go out for dinner etc.

You'll get over it OP
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Old 02-14-2010, 09:39 PM   #23
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Re: The opportunity cost conundrum

I think I end up becomeing break even or losing player if I play too long sessions anyway.
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Old 02-15-2010, 01:00 AM   #24
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Re: The opportunity cost conundrum

buddah says:
What does it mean to have the money and be able to do what you want?

dunno if he said it in that words but it is his meaning.

Every grinder got that feeling, but why do you not give youself aworking target, like if you feel easily guilty, you are going to make 40h a week. THats average, a lot for a pokerplayer, so there is no need to feel guilty relaxing.
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Old 02-15-2010, 01:27 AM   #25
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Re: The opportunity cost conundrum

I think the real conundrum is playing on friday/saturday nights vs socializing and having fun. There are plenty of hours to grind other than this, but not grinding peak hours does sacrifice a lot of profit in the end.
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Old 02-15-2010, 01:41 AM   #26
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Re: The opportunity cost conundrum

If you are really doubting about going out at friday for 40% more then your hourly or staying grinding, your nights are not so fun so just grind and wait for a better moment.

Maybe the weekend question should be, for how many % more you stay playing?
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Old 02-15-2010, 06:44 PM   #27
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Re: The opportunity cost conundrum

Quote:
Originally Posted by tcorbin16 View Post
only read the first paragraph but how is your life so unbalanced that you cant spare 2 hrs a day to do basic ****.

ur not some idiot 3 million hand breakeven rakeback pro are u?
Quite the contrary, I'm 24 years old, work a 55-60 hour a week full time job, and play poker probably 30-40 hours a month to pick up some spare income on the side (~20K hands a month). Started as an attempt to make a little money to put towards rent in my free time, but as I've moved up through the ranks I've found myself in a spot where I'm able to earn $150/hr (+/- $50 or so).

I still have what I would call a nicely balanced life. I go out drinking once or twice a week, spend quality time with the gf, and still spend plenty of time hanging with friends. It's moreso that during the week when I get off work, I'm finding it tougher to motivate myself to spend an hour at the gym or playing guitar because I look at the tables and go "oh man, I'm probably expected to make $200 if I sit down and play for an hour instead".

I think a big part of this is that I feel like I've stumbled onto a loophole in life, being able to make this kind of money at this age, and I worry that at some point this loophole could go away. I hope that poker is around and profitable for many years to come, but there's a part of me that says "hey, if online poker went away in 12 months, won't I have wished I had played more and taken advantage of it, really earning as much as I can in my spare time so I can use that income to do a bunch of sweet stuff? Definitely agree that poker is a way to enable me to do more in my non-poker life, but I'm struggling with the trade off of playing 20K hands a month, or playing 10K hands a month but playing a bunch more guitar and making it to the gym 4 nights a week.
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Old 02-15-2010, 07:19 PM   #28
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Re: The opportunity cost conundrum

You have a full time job op, poker is your hobby right now, not your job. I think it's pretty impressive you're even playing 30-40 hours a month with a 55 hour job and a gf. Sounds like your life is pretty well put together, just do what you enjoy doing, you don't have to make it a set amount of hands like 20k or 10k a month. Just aim for anywhere in between, and if you're having trouble motivating yourself going to the gym, just set 2-3 days every week that you'll always go to the gym or always go before certain workdays, something like that.

Last edited by spew$; 02-15-2010 at 07:19 PM. Reason: grind on tha mind
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Old 02-15-2010, 08:21 PM   #29
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Re: The opportunity cost conundrum

Quote:
Originally Posted by Novles View Post
Just sounds to me like you haven't grown to hate poker yet. Once you do, you'll enjoy going to the gym and playing the guitar more than ever!

this

/thread
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Old 02-15-2010, 08:30 PM   #30
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Re: The opportunity cost conundrum

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Originally Posted by AceCR9 View Post
this

/thread
that
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