If you worked a $15 per hour job...

[Salmon Steak]

Step 1: Add up all the hours you spent on gambling over the years. Multiply that by $11.25 ($15-25% for taxes).

Step 2: Figure out your net gains from gambling after paying taxes.

Step 3: Subtract Step #2 from Step #1

(#Hours gambling x 11.25) - (Net gains from gambling) = ?


You don't have to say, but it might give some people something to think about. It also might give some young guys a little insight.

Personally, I have won money long term. I am 5 years into this though. It has not been a gravy train. I have put hundreds of hours into this. Building models (many unsuccessful), research, reading books, looking at statistics. I would have far more money spending that time in a part time job... or doing something a little more productive. I keep telling myself eventually it will pay off.

If you do this for fun, the money doesn't matter. Most people here bet real money though. They are in this for the cash or the addictive rush they get.

So, if you could go back 5 years and give me, a broke college kid some advice, what would you tell him? I know the me from 5 years ago is on here somewhere.

Let me also add, having money is better than not having money. You will like having money. Women like guys with money. It is nice living in a decent place, driving a nice car, traveling to nice places. I have been on both sides of that.

[WinningSince86]

I would tell you to work full time. Go to school part time. Save 60%. Struggle. Build yourself from the ground up. Don't worry about the tangibles. Take the money you saved for the first year at 60%, invest. Keep saving, etc. Then within that time, you'd see school isn't as important as people make it seem of you know finance.

[Russian Rocket]

you're 5 years in to gambling and into job that pays you the same $15/h for five straight years?

[scumbag]

I'd take 15k, play 2-5 and make $30-$65/hr over a 1k hour sample, depending on how I ran. With zero shot I go broke.

and fck taxes. You only worry about that after you're an established winner looking for paper credibility.

[Riceboi]

negative a million

[scumbag]

And hundreds of hours over 5 years is wack. I've out in hundreds of hours in a single month.

work harder bro.

[WinningSince86]

I would never be at a job that was dead end.

[edawg]

A wise man once said all you have in this world is your balls and your word and you don't break em for anyone. Money and women will come and go. Faith, Strength, and integrity is what stands the test of time.

[chingo]

grind 2-5 NL> Min wage Job

education>gambling

[Salmon Steak]

This is a hypothetical. I used $15 dollars an hour as an example because it is probably obtainable by most people.

[WinningSince86]

Grinding 2-5nl isn't a min wage job.

Education doesn't offer money.

Working does, job expierence.

Degrees are becoming overlooked. Companies want exiperence.

Only education that makes sense are doctors, lawyers, engineers

[Russian Rocket]

This is a hypothetical. I used $15 dollars an hour as an example because it is probably obtainable by most people.

umm...not on this board

[Salmon Steak]

My degree is not worth that much. It also cost me a lot in student loans. Not a big fan of the corporate world. I would rather be a pro golfer and not use my degree at all. Go for a dream job. Gambling is hardly a dream job. It is something I do for money. This is not the point of the thread though.

[Russian Rocket]

A wise man once said all you have in this world is your balls and your word and you don't break em for anyone. Money and women will come and go. Faith, Strength, and integrity is what stands the test of time.

great principals

[WinningSince86]

On this board, most don't work.

People chase, they live paycheck to paycheck to hope win big one day then blow it back again.

[chingo]

having a future with anything else bascially, education offers things. or even a plan to fallback on if gambling goes sour..

[Russian Rocket]

My degree is not worth that much. It also cost me a lot in student loans. Not a big fan of the corporate world. I would rather be a pro golfer and not use my degree at all. Go for a dream job. Gambling is hardly a dream job. It is something I do for money. This is not the point of the thread though.

when you turn 35-40 and you realize that your dream of becoming a pro golfer is no longer on the table, you'll learn how to appreciate the education and degree that you've got




PS: I do wish you the best with your pro-golfing career

[chingo]

most successful gamblers have multiple incomes IMO.. being a lazy degen dosent work.. I know this

[WinningSince86]

Whatever you put your mind too you can get it.

Remember there will be trials and tribulations, but remember why you started in the first place and keep chugging.

[Salmon Steak]

Let's just say it is another 12,000 per year part time in addition to your normal job. Do you make more than this every year gambling after work? Over how many years?

[WinningSince86]

It's easier to lose $12,000 a year then make $12,000 year gambling.

90% don't make it.

[WinningSince86]

Most gamblers don't have what it takes to be successful.

You need patience, discipline, value of a dollar. When people lose, they a tendency to bet out of their means, in hope of getting what they first lost.

Stay smart, look at long time term outcome. Not overnight success.

[Salmon Steak]

when you turn 35-40 and you realize that your dream of becoming a pro golfer is no longer on the table, you'll learn how to appreciate the education and degree that you've got




PS: I do wish you the best with your pro-golfing career

The senior tour starts at 50. Some make really good money.

[TwoWays]

GAmbling is a dead end youngins. Please get out now!

[Russian Rocket]

The senior tour starts at 50. Some make really good money.

I know very little about golf...that's good for you I guess

[Salmon Steak]

Or let's say time spent on gambling vs chasing tail. Life isn't all about money.

[Booya711]

umm...not on this board

[Booya711]

I know very little about golf...that's good for you I guess

that fukking clown's mouth has kept me from the tour and then the par 3 with the windmill as well...

[jjgold]

Many like to gamble periods
Having money in bank does not faze many

So
Many ways to look at it

Of course if you do not gamble of course you will have more money

[JoeyBagels]

Stop projecting...
98% of gamblers bet because they want action.
1% of those with the capacity to gamble profitably won't listen to your advice anyway
1% of those that can don't need it.