Do you have a source for that? Not that I don’t believe you, I am just seriously curious how that works in a country with a GDP per capita of >$100k. Is there some kind of de facto salary cap in most professions?

For comparison, in the US with a GDP per capita >$60k, IIRC the pre-pandemic estimate was that the percentage of individuals earning >$100k would go over 10% for the first time in 2020 or 2021.

its a difference between a country being rich and people in that country being rich.
For example in Europe, some of the highest median net worth are people from Spain, France, and Italy.

There are also many ways to build wealth where salary income is generally not the best as its high cost and high tax.

People who build wealth generally are not too concerned about salary income.

technical trading is a scam. You cannot beat banks that trade billions of dollars a day. Anyone who teaches you otherwise is simply ignorant.

Poker players who make 100k a year consistently are lying or cheating.

That's weird, because most of this thread seems to think that a life on under $100K is a life not worth living.

He is 100% right. Making > 100k a year post tax is only a very very tiny group of people. Even if you're working in a very well payed field, let's say automotive industry eg in Germany. Even if you're head of a department in a medium to big sized company you will make 130-200k roughly. That's pre tax. Tax man takes 40-50% so your net income is still < 100k.but tbh that's already enough.

Many studies show at a certain income level iirc 5k post tax per month the happiness doesn't really rise.

If you make 60-100k post tax you have enough to almost satisfy every need u have, maybe except a boat and plane lol

What about that Landon kid? He’s friggin everywhere

What and where do you play?

Everyone in this thread, including myself, is using the $100k number pre-tax.

FWIW, my hometown is one hour away from the headquarters of Mercedes and Porsche and roughly 3 hours from BMW and Audi. So I have a pretty decent understanding of what people are making there

depends where you live, 100 grand doesnt go far in n.y.c. for instance. as well as some other big cities as far as getting ahead in life, especially if you have a family.

if all you do is look at your computer screen and eat shakes and burgers and live with mom then with 100 grand you could probably save 90 of it and be rich in no time at all.

Personally, I don’t see how it matters what is and isn’t a lot of money.

You have actors, professional athletes etc turning down millions and sometimes hundreds of millions of dollars in 2020.

It’s all so relative.

The 18-21 year olds that somehow have built (or inherited) a six figure roll will have a way way way easier time making six figures/rising up even if they’re not nearly as good as some others playing small stakes and trying to build their bankroll up that way.

For example, through binking a tourney at 21 or running v v hot when shot taking.

Most of the guys that rose up from pre BF also ran hot I’d imagine.

Online yes, live lol no. You could train a monkey to beat live plo games for 100k+/year. Much harder part would be training that same monkey to handle swings, avoid monkey tilts, staying away from pits/hookers/blow, messed up sleep schedule/diet etc.

If you need any proof for this, just check HH from high stakes plo thread.

There might be HHs posted on the internet demonstrating terrible poker players exist but that doesn’t mean those players are consistently and easily accessible

If it’s that easy, I’m sure there’s a tonne of reasonable conscientious people who are minimum wage and low functioning who would love to know about it

Not sure if

Prop bet incoming

So why aren't you doing it if it's so easy? If a monkey could make 100k a year, presumably an intelligent human like yourself could pull in 200-300k a year.

who said a monkey making 100k is not prone to pits/hookers/blow, too?

Not sure if what?

When did I say I do/don’t?

My response was to “you need specific skill set or years of work with solvers”, that is simply not true. You are playing in 25/50+ games where half the table cold calls a 3b. Even at lowest stakes 100k is ~100-120 buy ins. I would bet a lot there is at least one 100k winner in every 1/2 casino games that run consistently.

If it’s that easy why most people don’t do it? You could make same 100k+ as a long haul trucker, with 0 skill and 0 variance compared to poker but still most people won’t do it because life **** sucks.

You really think ~25% of 1/2 live regs/pros average 100k or more a yr?

What? I said at least 1, not 25%. Players pool for average 1/2 casino game is a couple hundred. How is 1 player 25%?

I misunderstood. I thought you meant 1 per table, and then I was estimating roughly 4 regulars/5 recs per table.

You're prone to all those things in a regular job too (maybe not so much the pits). And honestly if you have that little willpower (blowing all your money on clearly -EV games), you will fail at anything in life.

Name one job where you show up every day, do your best and still lose your ass?

Not necessarily all your money on -ev games but enough to kill your self confidence and mental strength needed to come back next day and play poker.
Think you underestimate how brutal playing live can be, playing good poker is boring af, add terrible food and casino environment, you don’t need to be an idiot to lose your mind one day and blow half of your roll on blackjack. It is actually worse if you’re highly intelligent, mundane and repetitive nature of live poker will crush your soul faster than someone of average intelligence.

That is, again, the reason I would not do it, not because you need solver work to beat people who can’t figure out why they don’t have a full house with AKxx on K8884 boards.

FWIW, Sklansky and Malmuth authored/published a book in January 1997 entitled: "How to Make $100,000 a Year Gambling for a Living"

It is on my reading list.

https://www.scb.se/hitta-statistik/s...ner-i-sverige/