TumblingBones
TumblingBones
Joined: Dec 25, 2016
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August 25th, 2017 at 8:58:38 AM permalink
I was looking at my win/loss total over the last two years and decided to do a quick calculation on how I am doing on an hourly basis. Factoring in travel time to/from the casinos it works out that I am earning a whopping $9.21/hr. Nice that I'm in the black but its nicer to know I still have my day job to pay for the groceries.
Curious to know if anybody manages to come close to a decent hourly wage when all expenses and time spent are factored in.
darkoz
darkoz
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August 25th, 2017 at 11:23:01 AM permalink
Quote: TumblingBones

I was looking at my win/loss total over the last two years and decided to do a quick calculation on how I am doing on an hourly basis. Factoring in travel time to/from the casinos it works out that I am earning a whopping $9.21/hr. Nice that I'm in the black but its nicer to know I still have my day job to pay for the groceries.
Curious to know if anybody manages to come close to a decent hourly wage when all expenses and time spent are factored in.



Yes i do quite better than that hourly with or without factoring in travel time

Curious if u had a $9.25 per hour job would u factor in travel and time expenditures and arrive at the conclusion you only make $4.35 an hour

No one i know working for small wages does that. Why should you in comparing the two?
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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August 25th, 2017 at 11:29:02 AM permalink
Quote: darkoz

Yes i do quite better than that hourly with or without factoring in travel time

Curious if u had a $9.25 per hour job would u factor in travel and time expenditures and arrive at the conclusion you only make $4.35 an hour

No one i know working for small wages does that. Why should you in comparing the two?



It depends on the number of commutes to and from casinos he needs to make in a week. If it is 5 simple to a casino and back to home trips then that is equivalent to what most workers do. If he has to drive to 3 or 4 different casinos in a day then the inter-casino driving time should be factored in.

I sometimes work 7a-3p, but also sometimes work 3p-7a. If I do the 3p-7a shift I only have 1 round trip of driving per 16 hours of work. It is a slight factor in why I sometimes prefer that shift to the two 7a-3p shifts it replaces.
TumblingBones
TumblingBones
Joined: Dec 25, 2016
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August 25th, 2017 at 11:33:24 AM permalink
I've worked as a consultant for 27 years charging my clients an hourly rate. If a project requires travel then the meter starts running as soon as I walk out my door, the justification being if I have to spend hours on a plane or train for their project I am unable to do any work for other clients. You are probably correct that somebody working for small wages wouldn't do this but its pretty common for professional consulting situations.
Bottom line is that your time is a valuable resource. If you are factoring in gas and tolls, you should also consider the time spent in traffic IMHO.

By the way, just to clarify... I only gamble for fun and have no expectation of making significant $$$. But if I did, that''s how I would approach the calculation.
billryan
billryan
Joined: Nov 2, 2009
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August 25th, 2017 at 11:52:02 AM permalink
Not many recreational activities will pay you anything per hour.
I'd be happy if my following the Yankees and NY Giants paid me even $5 a day.
It's what you do and not what you say If you're not part of the future then get out of the way
TumblingBones
TumblingBones
Joined: Dec 25, 2016
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August 25th, 2017 at 12:01:11 PM permalink
Quote: billryan

Not many recreational activities will pay you anything per hour.


Agreed. I'm just kind of curious what the members of the forum who view gambling as a profession, rather than an entertainment, would estimate as their hourly income.
100xOdds
100xOdds
Joined: Feb 5, 2012
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August 25th, 2017 at 12:11:49 PM permalink
Quote: TumblingBones

Agreed. I'm just kind of curious what the members of the forum who view gambling as a profession, rather than an entertainment, would estimate as their hourly income.


when I was unemployed for a few months, I was making $15/hr playing poker. (yeah, I know.. small sample size.)
now that I'm back to being employed, I'm making $5/hr playing poker.

even though im making less, im having MUCH more fun playing
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
darkoz
darkoz
Joined: Dec 22, 2009
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August 25th, 2017 at 1:00:34 PM permalink
Quote: TumblingBones

I've worked as a consultant for 27 years charging my clients an hourly rate. If a project requires travel then the meter starts running as soon as I walk out my door, the justification being if I have to spend hours on a plane or train for their project I am unable to do any work for other clients. You are probably correct that somebody working for small wages wouldn't do this but its pretty common for professional consulting situations.
Bottom line is that your time is a valuable resource. If you are factoring in gas and tolls, you should also consider the time spent in traffic IMHO.

By the way, just to clarify... I only gamble for fun and have no expectation of making significant $$$. But if I did, that''s how I would approach the calculation.



So while you were relaxing watching seinfeld and the latest oceans eleven film on your flight you were charging your consultant clients

Cool hustle!
billryan
billryan
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August 25th, 2017 at 1:23:25 PM permalink
I used to ride to AC with my friend in his company provided town car. Along the way, he would make a three or four minute call to a client, thus making the trip billable.
Great work if you can find it.
The value of time often comes up, but if you weren't in traffic for an hour each way to the casino, would that time be used in revenue gathering mode or television watching mode? If travel time cuts into your income stream, it matters. If it doesn't , why should it count?
I wake up on Monday and watch TV for eight hours.
I wake up on Tuesday and ride the bus to and from AC for eight hours.
Why include one set in my profit/loss reckoning but not the other.
Now, if I take off from work and lose out on $200 for the day in order to go to a casino, that time and money should be factored in.
That is how I view it.
It's what you do and not what you say If you're not part of the future then get out of the way
TumblingBones
TumblingBones
Joined: Dec 25, 2016
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August 25th, 2017 at 1:50:51 PM permalink
Quote: billryan


The value of time often comes up, but if you weren't in traffic for an hour each way to the casino, would that time be used in revenue gathering mode or television watching mode? If travel time cuts into your income stream, it matters. If it doesn't , why should it count?


Yup, that's pretty much my take too. I'm not going to bill for the time I spend eating a meal while traveling since I would be doing that regardless of location. As to your buddy's 4 minute call scam, I wouldn't do that either. I would bill for the 4 minutes only as the trip has no business purpose (i.e., wasn't at clients request).

We seem to have drifted from the original Q of whether anybody feels they've even come close to making a decent wage as an AP.

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