I have been viewing a lot of Vlogs (Video logs), put out by 'successful' poker players, who want to maybe create a second income stream.
This is a good idea .. it doesn't take too long, and the video editing process, has gotten a lot easier.
One day, I might consider doing a Vlog, but, its maybe premature.
One of the videos, took a decent look at win-rate, of what a pro poker player, (in Vegas), might make.
Vegas is a cheap place to live - games run 24/7, and has the good/bad features, of a gambling mecca.
A medium pro, might look to win 10 Big Blinds per hour, after maybe 3 mths of study. For No Limit Hold-em, the games are typically, $1/2 .. so, the small blind is $1, the Big Blind $2. If u play 40 hours a week, you might make $800 a week, $3200 a mth.
That's for an accomplished pro .. so, maybe 7 BB is more realistic .. which equates to $560 a week, or $2240 a mth. Its ok, etc, but, with expenses .. we haven't really discussed if the pro has a family etc, its not really enough.
The games do run higher .. $2/$5, or $5/$10 are available .. and the skill level to beat 2/5, isn't that much higher then 1/2, but, the bankroll needed to sustain yourself, during the inevitable downswings, is much bigger.
Anyway, I was thinking, of the return, an exchange player, can make per hour.
Its obviously less well documented. A few blogs will post P/L cols for the day, but, what u really want to see, is the Premium Charge statement .. which gives weekly P/L, and cumulative numbers.
If a trader sits at his desk, and churns out 40 hours .. whats his expected return ? For me, a 7 hr test day .. using a bank of £10k, I would like to think £200-£400 a day is expected return. If I traded horse-racing, it would be considerably less. How many BB / Hr does that equate to ?
Say £50 an hr .. is not so far away, from the $50/hr, a $2/$5 pro would expect to make, especially if the exchange trader then has to pay PC.
The lives are roughly similar .. sedentary jobs, 'achieving' nothing, but accumulating cash. Its possible the exchange trader could automate some of his stuff .. but, this is easier said than done .. I am getting v suspicious of the automated programs, which try to make u believe, 'any one can do it' - I certainly cant - and I have really tried.