Back in January 2007 I played my first hand of online poker and I loved it. Since then I’ve played over a million hands online and been through a myriad of experiences that only poker grinders can understand. I was thinking about many of these experiences last night while sitting at a bar waiting to go dancing with my girlfriend. By the end of my time sitting at the bar I had come to the decision to quit playing online.
The State of the Union
Recently I’ve been taking a good look at my life and have started to analyze my behavior, habits, and relationships in an attempt to improve my life. I feel this is something everyone should do once in a while because we all get stuck in routines which are often very toxic. During my analysis I had a long and hard look at how I’m using my free time to help me accomplish certain personal goals. Some of these goals include living a healthier life, spending time with the people I care about, learning new things, and growing my personal brand. Playing Poker takes up a large percentage of the time I have to dedicate to these goals so the next rational step was to do a cost-benefit analysis. Below is a breakdown of all the online poker I’ve played since January 2013.
You can clearly see that I’m no millionaire from Poker, in actual fact according to the data in the two tables I’m making less than $1 an hour (actual figure is $0.55 an hour). These results are not taking bonuses into account but then again it also doesn’t take into account the many hours I spend each month analyzing hands, watching videos, talking strategy with my poker friends and staring at the different reports in Holdem Manager. I could add one or two filters and start explaining that if I eliminate 100NL from my results my win rate dramatically improves but the truth is I’m a break even player which hasn’t been able to break through 25c/50c and hasn’t cashed more than 1.2k in an online tournament.
If you look closely at the two tables above you will notice that I’ve played over 1,000 hours of online poker since the beginning of 2013. 1,000 hours is a hell of a lot of time that I could of used to do many different things. It is very easy to say such a thing in retrospect but the data doesn’t lie and it is very clear that the time investment is simply not worth it. Every time we decide to do something with our time there is an opportunity cost. The opportunity cost involved in me playing online poker is simply too high.
So what’s next?
Over the next few weeks I’m going to be selling off my online bankroll. I’m sitting with roughly 1,800 dollars in my account. I will use the money to supplement my bank account and I’ll put a bit a side for a long weekend somewhere in Europe. Cutting out online poker from my life will free up around 40-50 hours a month which I’m going to use to build up this blog, spend more time with my friends and reach more people through my writing. I plan to write more frequently and do my best to grow The Great Grind into a top blog on online marketing, user optimization, entrepreneurship, social media and life hacking. I’m excited for this new chapter in my life and I’m really looking forward to sharing it with you.
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