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?
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.
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.
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?