Quote:
Originally Posted by TheoryJuicer
I take from your reponse that you define "decent money" as enough to maintain a decent standard of living. That's still not particularly well defined.
Not sure what to tell you. If you do not understand what the concept of standard of living is then my spending an inordinate amount of time trying to explain it to someone who either lacks the ability or is willingly ignorant of it is pointless in terms of educating you. Still, I have a little extra time right now so let's have a little fun showing you how easy your questions are to answer. First, let me give you the Wiki page for Living wage and you can explore it as you like, which I assume will mean not at all
https://en.wikipedia.org/wiki/Living_wage
It starts with the following:
A living wage is defined as the minimum income necessary for a worker to meet their basic needs.[3] This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity. Needs are defined to include food, housing, and other essential needs such as clothing. The goal of a living wage is to allow a worker to afford a basic but decent standard of living through employment without government subsidies.[4] Due to the flexible nature of the term "needs", there is not one universally accepted measure of what a living wage is and as such it varies by location and household type.[5] A related concept is that of a family wage – one sufficient to not only support oneself, but also to raise a family.
Quote:
Originally Posted by TheoryJuicer
Also, what do you class as a regular job?
Again, this really depends. I completed my MBA so a "regular job" for me when I finished that was likely quite different than what it would be for you with I assume no formal education. Many poker players are either students or do not have a formal education and are 20-27ish on average. Most indicate that their alternative job would be some form of manual labor or essentially a minimum wage type job. Students can be different as this can be a nice extra source of money until they finish their degree and begin their professional career in what they are studying. Several dozen or probably well over 100 players I have worked with were students that became doctors, lawyers, accountants and a few became chefs.
Quote:
Originally Posted by TheoryJuicer
How much does a regular job pay in England, or the US for example?
As we are mostly talking about unskilled labor - the easiest stat to use is minimum wage. In case you do not understand the term - the minimum wage is the smallest amount allowed to be paid to an employee. Minimum wage in England is £9.50 an hour for those 23 and above and £9.18 for those 21 and 22. US minimum wage is $7.25 an hour which is idiotic how low it is (it is higher in some states). You should learn how to google this type of information - it is not hard.
Quote:
Originally Posted by TheoryJuicer
And how much does online poker pay in comparison for the mean microstakes grinder? Does decent money involve buying a house? Be more specific please, these are basic concepts.
Again, it depends on that particular players needs. A student looking to make extra income is in a much different situation than a person with a family of 4 and a mortgage to pay. The cost of everything varies depending on which country (and which part of the country) the player lives in. I am not going to break down the economic situation of the near unlimited number of possibilities. These are basic concepts so you should be able to do the math of a specific example if you really wanted, but I do not get the feeling you actually care about this information.
Quote:
Originally Posted by TheoryJuicer
It's also implicit that if someone actually wanted to make a living at poker (TBD) they would need to move to a country where the cost of living is so low that they could grind microstakes. That might work for a year or so, or it might not. How many people in England, or the US are making a decent living (TBD) playing online poker?
Not everyone grinds microstakes. People in the USA can certainly easily make more than minimum wage with any kind of skill at the micros, but I am not sure I would classify the minimum wage in the USA as a decent wage. Canada's minimum wage in contrast is about the equivalent of $12 an hour (in US funds).
I assume this is all some weird charade on your part to imply that this industry is not one in which people can succeed in and that stems from I assume your inability to succeed in it. It is a tough industry and players need to be better and smarter and more emotionally stable than before. The easy free money days where even someone like you could make money are long gone. Yes, people can make a good amount still in this industry and yes many are doing that. Many more are making decent spending money or a living wage in a country with a low cost of living. It's not much different than other competitive arenas in that regard where the money flows from the casuals and bad players to those that have the edge.
There are your detailed answers to questions that should have been trivially easy for you to research. I assume these answers will do no good because people who ask the questions in the way you did never really care about the answers, but I gave them because I am always happy at times to give detailed informative information as that does showcase the difference between someone who has what it takes to succeed vs those who lack what it takes.
My final suggestion to you would be to quit all forms of gambling. You do not have what it takaes to succeed in this industry so unless you play for fun, and no riggies seem to have fun playing poker, it is best you leave this industry behind you.
All the best.