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Laeelin
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06-22-2006, 06:13 PM
Post subject: Whats good money to you?
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#1 (permalink)
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Full House
Join Date: Jan 2005
Posts: 1,137
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At what point do you start to think of wages as "Good" money?
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theDEEPdish
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Straight
Join Date: Mar 2006
Location: in a van by the river
Posts: 236
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I deliver pizza and make 10+ and thats alright but i think you have to get to 20 for it to be good money
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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poker has skewed this so much for me.
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midas06
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4-of-a-Kind
Join Date: Jun 2005
Location: NZ
Posts: 2,196
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Quote:
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Originally Posted by gabe
poker has skewed this so much for me.
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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Originally Posted by gabe
poker has skewed this so much for me.
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LOL 
Live the Dream!
Poker is actually what made me ask the question... I realised this morning that if a year ago I had been offered a job that paid what I now make an hour playing poker.... I would have been blown away!! 
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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I picked
$30 because I make just a little less than that and I can't make ends meet with a mortgage, 2 car payments, poker books, a kid, the "FUCKIN" wife
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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5 dolla sucky sucky, you buy now?
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LOL OPERATIONS
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Jay67s
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Straight
Join Date: Feb 2005
Location: West Virginia
Posts: 241
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Poll needs some higher entries --- "good" is a relative term --- I am almost 40 years old, have 2 kids, and a good job. I couldn't live off any of those numbers per hour.
$35/hour * 2000 hours a year = $70,000
i would say $50.
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cardsman1992
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Full House
Join Date: Dec 2005
Location: Being enjoyed at Jack's Bar since 1397
Posts: 1,065
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When I got out of HS and started college, I never thought I would make less than $50K per year. When I dropped out and started working in the real world, I realize how stupid I was. Working in a factory busting your ass doing work no one else wants to do for $6 an hour makes you appreciate any money. Hell, I thought I was rich when I got over $10 an hour (this was 7 years ago, btw). Now I make $45K and my wife makes $55K, so those days are over (for now, at least). But I still think anyone making $20 an hour makes decent money. Granted, not many EVER make enough to handle everything that comes their way, but still....
Consider how poor the rest of the world is.....to 2/3 of the world, $10 is a fortune....
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Operation Grind For Education:
Current BR: $10080(04/06/2009) BR Goal: $15000--I LOVE RB!!!
End date: 31aug2009
Current stakes: $100/200NL FR
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bigred
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PROFESSIONAL TROLL
Join Date: Sep 2004
Location: Nest of Douchebags
Posts: 2,184
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Quote:
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Originally Posted by Jay67s
Poll needs some higher entries --- "good" is a relative term --- I am almost 40 years old, have 2 kids, and a good job. I couldn't live off any of those numbers per hour.
$35/hour * 2000 hours a year = $70,000
i would say $50. |
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LOL OPERATIONS
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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Quote:
Poll needs some higher entries Smile --- "good" is a relative term --- I am almost 40 years old, have 2 kids, and a good job. I couldn't live off any of those numbers per hour.
$35/hour * 2000 hours a year = $70,000
i would say $50.
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100,000 is pretty steep, especially considering the median income in West Virginia for a 4-person family is the lowest in the United States. It's even below Mississippi and Louisiana. You must be the richest guy on your mountain.
http://www.census.gov/hhes/income/4person.html
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andy-akb
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4-of-a-Kind
Join Date: Jan 2006
Location: Maine
Posts: 1,836
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Quote:
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Originally Posted by Jay67s
Poll needs some higher entries --- "good" is a relative term --- I am almost 40 years old, have 2 kids, and a good job. I couldn't live off any of those numbers per hour.
$35/hour * 2000 hours a year = $70,000
i would say $50. |
At a regular job those assumptions are fine, at poker [assuming you are multitabling] working that many hours is just asking to get burned out.
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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If you are a single non pokerplayer, 20/hour is good money.
If you are a married non pokerplayer, 35/hour is good money.
If you are a pokerplayer, 100-200/hour is good money.
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LimpinAintEZ
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Flush
Join Date: Mar 2006
Location: working myself up to FTR fullhouse status while not giving 1 solid piece of advice
Posts: 591
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Quote:
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Originally Posted by theDEEPdish
I deliver pizza and make 10+ and thats alright but i think you have to get to 20 for it to be good money
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you need to leave dominoes! seriously, I do it P/T and make right at $18-20 and hour...I did work for dominoes for a couple months - They made me carry a CHANGE bag because some customers would want exact change...Anytime your carrying a change bag, your delivering the wrong pizza
$30 an hour isn't bad - I keep playing poker in the hopes that I can make what renton is talking about someday -
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this space intentionally left blank
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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Originally Posted by Renton
If you are a single non pokerplayer, 20/hour is good money.
If you are a married non pokerplayer, 35/hour is good money.
If you are a pokerplayer, 100-200/hour is good money.
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IMO it doesnt make a diffrence what you do.
if $20/hr is good money, it's not suggenly bad ,money because your playing poker :P
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Pelion
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4-of-a-Kind
Join Date: Sep 2005
Posts: 3,206
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For a student playing as a part time hobby $20 per hour is pretty sweet.
I dont think its that amazing for a full time job though.
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gabe: Ive dropped almost 100k in the past 35 days.
bigspenda73: But how much did you win?
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Quote:
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Originally Posted by Renton
If you are a pokerplayer, 100-200/hour is good money.
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pffffffffffft
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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Quote:
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Originally Posted by gabe
Quote:
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Originally Posted by Renton
If you are a pokerplayer, 100-200/hour is good money.
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pffffffffffft |
I said 'good'
not 'insanely good'
egotistical prick
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ItDepends
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Straight
Join Date: May 2006
Posts: 142
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I'm shocked that the highest number on this poll isn't even a 6 figure salary. I was going to answer $300+.
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Quote:
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Originally Posted by Renton
Quote:
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Originally Posted by gabe
Quote:
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Originally Posted by Renton
If you are a pokerplayer, 100-200/hour is good money.
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pffffffffffft |
I said 'good'
not 'insanely good'
egotistical prick |
wow
the point was not to set a limit to how much you think you deserve/hour
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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i stared at your response and still cant tell how serious/sarcastic you were being
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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hahahahahahhaa
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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ya its funny, you can't really express the underlying sarcasm in text form
maybe i should've italicized it or something
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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Originally Posted by ItDepends
I'm shocked that the highest number on this poll isn't even a 6 figure salary. I was going to answer $300+.
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Personally, I didnt think I needed to go any higher... I didnt say "what are you makeing?" or "how much do you think the best players make?"
It's at what point do you START to thinking of as "good" money?
Nothing to do with poker.
I guess the fact that I assumed that 70k/year was high enough to reach the bottom end of "good money" for everyone says something about what I think good money is...
My mistake
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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your supposed to make some goofy smileyface   :P    
sucks that you didnt, i already PMed xman about banning you
sorry 
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Secular Monk
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Join Date: Jun 2006
Posts: 13
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At this point I'd settle for any rate/hr with a positive slope.
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dzeanah
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Join Date: Dec 2005
Location: Statesboro, GA
Posts: 95
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Quote:
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sucks that you didnt, i already PMed xman about banning you
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You're serious?
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Poker isn't about making hands, it's about making hands that get paid off. -- Rondavu
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Quote:
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Originally Posted by dzeanah
Quote:
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sucks that you didnt, i already PMed xman about banning you
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You're serious? |
renton is always bugging me about going over his hands and its pretty annoying, then he said that, so yea ban request submitted
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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looks like the next ftr feud is broiling
meet me at the .10/.25 tables gabe we have to settle this
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lambchopdc
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Flush
Join Date: Jul 2005
Posts: 350
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I would vote but 2-tabling 100nl 6max @ 7.8 ptbb with 25% rakeback = $35/hr....i would vote $200/hr+ as "good money"
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gabe
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Moderator
Join Date: Dec 2004
Location: trying to live
Posts: 7,964
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Quote:
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Originally Posted by Renton
looks like the next ftr feud is broiling
meet me at the .10/.25 tables gabe we have to settle this
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we should have some deepstacked ftr HU games (tourney maybe?), and i think you should organize it
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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we've had private hu shootouts on stars before right?
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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Quote:
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Originally Posted by Laeelin
Quote:
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Originally Posted by Renton
If you are a single non pokerplayer, 20/hour is good money.
If you are a married non pokerplayer, 35/hour is good money.
If you are a pokerplayer, 100-200/hour is good money.
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IMO it doesnt make a diffrence what you do.
if $20/hr is good money, it's not suggenly bad ,money because your playing poker :P |
i disagree
I make around 20 dollars an hour at my job, and I live like a king. But I am single, so...
To live at the same standard and be married with children, I'd need considerably more money.
A poker player needs to make more per hour A) to absorb variance and B) to avoid working long hours.
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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A poker player needs to make more per hour A) to absorb variance and B) to avoid working long hours.
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That doesnt make sense...
$35/hr playing poker is $35/hr .. vairance has nothing to do with it... (or more accurately it's already included in the figure)
If you make $35/hr playing poker, ending a week or even a month negative is expected, and is covered in your $35/hr just like upswings are.... Thats what a bankroll and a budget are for.
Why do poker players need to make more to cover longer hours? If anything it's the other way arround because you dont need to drive to work. (adding another 2min to 2 hours+ to your work day depending on where you work in relation to where you live.)
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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its a lot easier to push paperclips for 8 str8 hours than it is to 8 table ring games.
Poker is a far more physically demanding job per capita than a lot of other jobs I could think of.
I wouldn't dream of playing poker for a living if I couldn't make at least four times as much per hour as my normal job.
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PO$$E$$ED
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Flush
Join Date: Aug 2005
Location: SITTING ON 'RILLA'S FINGER
Posts: 263
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1k
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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its a lot easier to push paperclips for 8 str8 hours than it is to 8 table ring games.
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Depends on the exact job.
Also depends on a lot of other things.
I make my money 4 tableing with the raido turned up... I find it easier that my old programming job because being my own boss is just that much better.
I like being able to wake up in the morning and say "I think I'll take my son fishing today instead of working!" and then just doing it.
I that freedom is worth playing poker for less than my old job to me.
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Poker is a far more physically demanding job per capita than a lot of other jobs I could think of.
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I sure agree with this though!
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yorib
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Flush
Join Date: Mar 2006
Location: Oak Park, IL
Posts: 281
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Good money is 100% relative. At 14 I'd be estatic with anything over minimum wage (which was $3.35/hr). Now 20 times that is "meh". I voted for $35/hr, but would have put $150 ish.
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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Jeez, maybe there are more people out there making over 100K than I thought. I'd better get with the program.
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Laeelin
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Full House
Join Date: Jan 2005
Posts: 1,137
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Quote:
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Originally Posted by lonnie
Jeez, maybe there are more people out there making over 100K than I thought. I'd better get with the program.
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I hear that.
I dont even know anyone that makes more than $30 an hour
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Staresy
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Full House
Join Date: Sep 2004
Location: Following the Herd to 6-Max Land
Posts: 1,240
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Quote:
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Originally Posted by Laeelin
I dont even know anyone that makes more than $30 an hour
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I think I do (pre-tax). $30 = ~£17 (UK) right?
That said, poker is purely a hobby for me (although I'm not enjoying it so much at teh moment!) so my hourly rate from poker is considerably lower than what I make from my day job.
If you are also talking money and rates per hour from poker, then surely the stakes you play at comes into the equation.
I guess it is all relative anyway. The money I make from my day job is comfortable-good for me. The money I make from poker is considerably lower but I still consider it good given stakes etc and my natural tendency to be more conservative with my roll.
Think I am blabbering a bit now. But I guess my point is that each are relative.
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ItDepends
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Straight
Join Date: May 2006
Posts: 142
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Laee needs to move near a big city, or at least come to some big poker event with some FTRs, then you'd know some...
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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Quote:
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your supposed to make some goofy smileyface
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Quote:
sucks that you didnt, i already PMed xman about banning you
sorry
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Not to highjack, BUT, what would it take for a guy making $30 an hour, pre tax, spending $150 a week in gas and1.5 hrs a day commuting, to break even playing poker in canada, (tax free gambling as far as I know). The wife still has benifits, so medical and dental are covered. Staying home would save me $30 a week inb coffees, $50 a week in lunches and take out, and if time is no issue, $500+ a month in daycare. Can this be done $50NL 4 tableing. I would think that $20 an hour, 40 hrs. a week is all I need to break even.
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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i wouldn't dream of playing ring for a living at stakes below 200nl and at less than six tables
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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Long run I can understand that. Short term, say your job is unstable, you hate your life, wanna look for something else. what's sustainable? 6 table, 50NL with a 1K roll since you will need to make withdrawls. What about a guy, no education, making $10/hr. able to do with a decent knowledge of poker and a grinded $500 BR. Is 1BB an hour sustainable at 110NL, 25NL, 50NL for a six month/1year veteran of FTR.
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Renton
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Straight Flush
Join Date: Jan 2006
Location: Atlanta, GA, USA
Posts: 5,991
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i quit my job at the beginning of the summer because I was sick of it and decided to supplement the money I had saved up by playing poker with my 10k bankroll.
It really changes your outlook and your value of money. The game is a lot more hard and a lot less fun when you have a bottom line you need to meet, and in many ways I regret leaving my job, even though it sucked.
That being said, its nice to make ten times as much per hour as my job. That is, when I am not running like crap.
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yorib
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Flush
Join Date: Mar 2006
Location: Oak Park, IL
Posts: 281
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<<Not to highjack, BUT, what would it take for a guy making $30 an hour, pre tax, spending $150 a week in gas and1.5 hrs a day commuting, to break even playing poker in canada, (tax free gambling as far as I know). The wife still has benifits, so medical and dental are covered. Staying home would save me $30 a week inb coffees, $50 a week in lunches and take out, and if time is no issue, $500+ a month in daycare. Can this be done $50NL 4 tableing. I would think that $20 an hour, 40 hrs. a week is all I need to break even. >>
I think it's far easier than that. I'm no expert on the Canadian Tax code, but I'd estimate that 1/3 of your wages goes to "the man". So 40 x $20($30 x 2/3) = $800 - $150 (gas) - $30 (cofee) - $50 (take out) - $500/4 (day care) = $445
$445/ 40 = $12ish an hour.
Now, the sustainability is a separate issue, but I'll leave that to those in the know.
This'll sound as useful as "play fewer hands, and play them aggressively", but all that those I know who make 100K+ did was take college (or at least graduate school) seriously, get a degree in a specialized field (econ/law/engineering/finance) and take their job seriously. The $$$ just comes. Really is no more to it than that.
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givememyleg
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WHO YA GONNA CALL?!??
Administrator
Join Date: Nov 2005
Location: ISHPERMING MISHIGEN
Posts: 5,041
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My life goal is to win the lotto. I've been jobless for about 4 months now attempting to grind my way through it. If I won the lotto however, I wouldn't have to worry about it!
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Get your own badge! Click profile at the top and FTR Badge from the left nav.
"The Dragon in My Garage" by Carl Sagan
I say onto you, I've felt the dragon! I felt the touch of his tail, the breath of his fire, and I know without a shadow of a doubt that the dragon exists!
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PO$$E$$ED
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Flush
Join Date: Aug 2005
Location: SITTING ON 'RILLA'S FINGER
Posts: 263
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I'm so rich and attractive, when I jerk off I look in the mirror
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jyms
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Tilting Mod
Join Date: Feb 2006
Posts: 4,836
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Quote:
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Originally Posted by givememyleg
My life goal is to win the lotto. I've been jobless for about 4 months now attempting to grind my way through it. If I won the lotto however, I wouldn't have to worry about it!
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So that cinches it!! Dwarfman Challenges it is for the next month.
Quote:
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Originally Posted by Yorib
I think it's far easier than that. I'm no expert on the Canadian Tax code, but I'd estimate that 1/3 of your wages goes to "the man". So 40 x $20($30 x 2/3) = $800 - $150 (gas) - $30 (cofee) - $50 (take out) - $500/4 (day care) = $445
$445/ 40 = $12ish an hour.
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This is a little off, but I see where you are going with it. Gas, coffee and food were weekly, day care is monthly but ya sounds do-able if breaking even was the goal. And no that's not the plan. I was just kinda wondering about, how locked into a shit job do ya' need to be if you have a semi BR and want to try some earnings. Or if you go to school and feel like doing this instead of a summer job. Maybe it's even feasible for someone to use as extra income, I personally know several people with part time (15+ hrs/wk ) job, including myself that would rather combine poker with necessary earnings. But like Renton says,
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The game is a lot more hard and a lot less fun when you have a bottom line you need to meet, and in many ways I regret leaving my job, even though it sucked.
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05-26-2012, 03:08 PM Australia Legalized Online Poker coming up in next 6 to 12 Months
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