In before OP announces busto.

Paging DLuo.

FYP

Job hunting and rakeback

So I had some conversations with real life friends who all told me I should start applying for jobs. A few of them even offered to support me in doing so: one friend offered to be a reference, another offered to loan me money to get a forklift licence, and another, the guy who loaned me the 1200 USD to play on the apps with, even said he'd give me 25% rakeback once I complete my resume and start applying for jobs.

So I decided that it's time I begin looking. I started a fresh resume from scratch, which took me 4 hours to complete to my satisfaction. Then I looked on a job searching site, filled out a few cover letters and started applying for warehouse jobs. It's currently 4am in Melbourne so as you'd expect, I haven't heard back from anyone just yet, but I'm going to be prepared for some phone calls tomorrow.

I figure that poker would be less stressful and also more enjoyable if had any job to go with it for some guaranteed income, whether that be a part-time or full-time job. Plus, with the 25% rakeback I'm receiving from today onwards, it should increase my win rate quite significantly. So I can get the best of both worlds.

Tomorrow, I'm going to spam more job applications in various industries and also go to the gym as well. I don't think I'll be playing too much poker over the next few days.

I'm not sure how long it will take me to land a job but we'll see...

Rational decision if you follow through with it. Nothing wrong with being a "normie" and having interests outside of work. Do I love my job? No and I'm sure most don't, but I have hobbies outside of work and try to look for opportunities to change careers/start a business/continue the poker side hustle. In the meantime you have a wife and live at home with zero money. You aren't some high-stakes crusher who is going through a bad stretch and you haven't shown the work ethic to get to those levels either. Getting a job is the reasonable thing thing you can so I hope you land whatever you can and actually work.

Good show.

Best post by you in here in a while. This is a good plan, stick with it. Good luck!

The only thing that's certain in 6b threads is the inevitable dick measuring contests. Hopefully I can detail the derail and get us back on track.

Hey 6,

What are you going to do today to get you towards your goals? How many hours do you want to schedule per day towards productivity and how many hours do you want to schedule towards pleasure? The normie life prescribes 8 hours for sleep, 8 hours for work, x hours for life maintenance, and y hours for pleasure. How do you want today's 24 hours broken into those 4 categories? How do you want tomorrow's breakdown to look? Can you achieve your goals with that breakdown?

Good luck. Rooting for you.

no, some of us never took a loan to gamble. that's not a normal behavior

Curious what changed? I mean every which way you turned for the entire last thread and this thread, this is what people were telling you to do. I mean good job for deciding to get off your ass and do something, but this advice by your friends is not like earth shattering.

People like to pick out the most degenerate behaviour of big-name players to imply 'well x did y so it's OK if I do it', ignoring other key aspects of their success e.g. extreme work ethic, charisma, talent etc.

Not directed at any one in particular, this is just a general observation.

Well done OP. 20-30 hours a week would do the world of good. Keep up the good fight.

Good job 6bet!

this is a little short sighted, imo.

people take out loans all the time to do **** that is super risky. you think every restaurant was started because the people had 100% capital in their banks? effectively all OP is doing was taking out a small start up loan. the terms were terrible, but fundamentally, that's all it was.

the 20k loan was excessive and overkill. he didn't even play with it properly. but taking out 1.2k for another shot isn't risky at all and is probably one of the lesser ridiculous things in both threads. it's an amount that could be paid back fairly quickly if he busted and got a job.

What changed was that some people in real life gave him the advice. As far as he's concerned, people in this thread are nobodies to him. For that reason he won't follow advice from anyone here, ever. This thread is only for attention/ego boosting/gaining followers.

taking out loans for +ev opportunities is not the same as taking out a loan for -ev gambling

Lol @ thinking most small businesses are +EV. Do you even know the success rate of most small business?

20%?

Thank you satellite!

Thank you Rutledge! Yeah if I have to temporarily do something I don't like in order to put myself in a much favourable position in the near future, then it's worth it. Besides, maybe I'll actually end up enjoying working.

Thank you AuBrO!

Well I find you can never really squeeze your 24 hours into things like that, because there's a lot of downtime and preparation between tasks. Like they say you should sleep for 8 hours per day, but it might actually take you 10 hours once you go through your sleep routine, make the bed, get changed, get up in the morning, etc.

So if we pretend I only have 20 hours in a day (more realistic imo, because it gives me 4 hours of downtime/preparation between different tasks), then I'd like it to be something like:
- 8 hours sleep
- 8 hours job applications
- 1 hour gym
- 3 hours entertainment: watching youtube, netflix, playing chess or grinding poker

Define "normal".

When you use words which have negative connotations, such as the word "gamble", you make it sound so much worse than it actually is.

Replace gamble with "make investments with positive expected returns" and you'll see that your sentence doesn't sound so bad anymore.

It ultimately came down to me reflecting on all my options, judging how much I enjoy or don't enjoy certain things, what I'm capable of, and what outcomes I can realistically expect from each decision.

People may have influenced me a bit, but I was the one that ultimately made this decision, because I decided that it's something I want.

I'd argue though that taking out a loan for business purposes is in no way degenerate. It's actually a completely responsible and wholesome decision to make, and shows that you have a passion for success.

Degenerate would mean getting drunk, skipping work, doing hard drugs, banging prostitutes, etc.

Thank you treetop! I hope I can find a job soon that consistently gives me those hours.

Thank you Federer!

+1 to this. Well said.

No, I was always on the border of being unsure whether to work or just grind. You can see several pages ago I was posting about considering working a job.

Probably the 3 biggest factors that caused me to start applying for a job, in order, were:
1) The downswing where I lost 60% of my bankroll. Makes it quite tough to rebuild.
2) The fact that I was offered rakeback for applying for jobs. That now makes this pathway more +EV than it previously was.
3) Being constantly surrounded by people telling me I should work, both on this thread and irl.

Also, half of my real life friends read this thread and quoted a bunch of people here as part of the discussion we had on the group chat. In some ways, the discussions I had with real life friends were simply an extension of the discussions I had here. Very often, these posts and comments were quoted in our group chat.

The two biggest ones that struck a chord were the posts made by Rick and Oladipo, although all of them had some impact.

Most of my friends seemed to believe that Olapido's post was harsh but true. And they agreed with the general sentiments posted in this thread altogether.

I'd argue that most small businesses are +EV, despite the fact that most of them fail.

Think of it like buying in to a huge MTT and you're the best player there: you're going to go broke most of the time, but the <1% chance you make an insanely huge payoff is enough to make it a +EV investment overall.

Most small businesses don’t make money in the first 2-5 years

And by year 5, they have ~50% failure rate
By year 10, it’s 70%

In a way, it’s kind of a lot like poker. How many reg pros do you see after year 3? After year 5? After year 10?

Some fail, some don’t. Mostly, they all move on to other things.

In 2013 I spent around 700 hours playing llsnl at 1 casino and played approximately 50ish daily tournaments. I get back down to that casino a few times/year. every year, I see less and less of the regs who were there in 2013

I think with poker, losers find out they suck and quit. Winners get bored and move up stakes or quit and do something more profitable.

That is basically my point. It’s not a direct apples to apples comparison, but it’s not too far off.

With small businesses, people realize they suck at it and have to close and they move onto something else. And there is the small handful of businesses that stick around and succeed.

"Success" in poker is often different than for small business owners as well. Most poker pros probably first went pro when still living at home. You make 30k with no Bill's? Not bad. Five years later and you have a gf and apartment or home, that $ doesn't cut it. I'd genuinely say it gets tougher the longer you're a pro unless you're absolutely crushing it that you're legitimately wealthy.

So if I get this right, we are all intently following a broke, married, 25 year old, living with his parents who's current poker goal is to play no more than 3 hours a day of micro-stakes poker on his phone.

Seems harsh to criticise Op...I mean we are all losers here, no?

1) don't expect a phonecall for weeks let alone next day after applying

2) jobs are for everyday working peasants who aren't winning players... i thought u knew this? from the strat you've posted in this thread, it's clear you have an edge on these fields so that being said, imo u should defs spin up a roll on 6card plo and also some MTTs. if u run slightly +EV with your edge, ull print and reach a 10k roll in a matter of weeks mate. bryn kenney didnt get where he is now utilising pathetic bankroll mgmt

Yolo

Prop bet - race to see who can get a job first

So one of my friends had an interesting proposal for me today: he bet $100 that he could start applying for jobs now and get one before me. He's so confident, in fact, that he even gave me 3 huge advantages over him:

1) He is only going to use his friend as a reference, whose job title shall be "useless pleb".
2) He is going to show up to the job interview high on acid.
3) I have an 8 job "head start" over him. He hasn't done his resume yet, whilst mine is already completed and I've already applied for 8 jobs so far.

And if neither of us get a job by the end of April, then the prop bet is cancelled. I'm fairly confident that it won't take me anywhere near that long though.

This should be fun.