So I'm new at this AP thing and still learning. I hope I'm not being too honest.
I've been at it for ~326 hours so far and I'm making about $25 per hour. Now, sometimes I do just play game with - EV for fun and if I take my "party hours" and wins / losses out, I'm closer to $35 per hr when sticking to +EV tactics.
Sometimes I even buy drinks and rooms, but I treat that more like a withdrawal or a divendend. Gambling (I hate that word) operations income, which is simply the time I spend either scouting or betting is all I count in my hourly calculation.
I work next door to two casinos, so I just go on lunch breaks and a few extra hours here and there. Home to casino is about 20 minutes. Lunch breaks are about 5 minutes each way. Every once in a while I do drive about 40 minutes each way to a casino that has more opportunities... When I have time. Either way, I consider gas and car maintenance sunk costs.
I'm convinced I could make a higher hourly, but I'm worried I'd burn out the local casinos. I mean, it's not my full time gig, and I enjoy doing it part time, but I think full time would burn me out. Also, my full time gig gets me better than 2/3 of the way to state level 1 percenter status for my state, so why push it?!?
The other thing worth mentioning is that one trip, I was there about 30 minutes and walked away with $4400 profit from a +EV move... $13 / hr of my total hourly rate is one trip that lasted 30 minutes... So that one half hour could be making my hourly look high as a result of variance. On the other hand, I've lost $1k in just over an hour with + EV plays, so maybe it all balances out in the end. Who knows... I'll find out as I log more hours. I'm thinking roughly $10 / hr in outliers, + or -, could be in there somewhere.
Bottom line... Read the books... Surf the forums... Think about what you are seeing and how you might play what you see. Then look for better plays. Then rack up hours. Math works, and you don't need to sweat that part if you have enough money to ride out variance.
One last thing... A 1% edge sucks bad unless you have a lot more money than I do or you can knock variance down to non-existent... I can't figure out how to knock variance down to non-existent and I have more than my fair share of income.
I wish you luck, but hope you don't need it.
I don’t figure my income “per hour,” but rather “per year.” I also don’t know exactly what to count as hours.
I have “related jobs” such as teaching classes, writing articles, and a radio podcast that most of you don’t have. Those yield a positive revenue stream but eat up hours. Still, doing all that related stuff makes me a better player at my “main job” which is playing video poker. And the related things keep me in Vegas for most of the year. If I traveled regularly there would be more opportunities.
Whoever complained about a 1% edge at blackjack eating him up, video poker players usually deal with smaller edges than that --- with a bigger variance game. And video poker opportunities are drying up everywhere --- including Vegas.
I average low six figures (including the “related jobs”) but 3 of my last 10 years have been negative. If you need the money to live on, video poker is a tough way to do it. If you have the bankroll to ride out some losing years, some people can still do well with the game. But not nearly so many as could do so in the past. And the comps are not nearly so generous as they used to be.
I get RFB comps when I go to Vegas. Still, when you factor in gas for travel, 10 hours on the road round trip, the fact that I practice playing blackjack 10 times more than I actually play it--even if you add in extra play cash, promos, free slot play, etc., I still don't make much on a per hour basis.
But I have a juicy offer coming up: $200 in free slot play, two free nights and $100 food credit.