Re: Chris Ferguson times 64
kajun,
how hard do you think training recent stats/math grads to multitable a game like 50nl would be and beat it for 3ptbb/100?
with a group of 5 employees playing 6 tables at 3 8 hour shifts, you're looking 60k hands/day. with 3ptbb/100 you're looking to gross 1800/day. labor costs would be at $600 for the regular employees then add in another $200 for some trusted managers. that still leaves you with $1k/day to pay out security/maintenance/rent/utilities/cable/plus a host of other expenses. even if these extra expenses work out to $500/day (unlikely) you're still making $15k/month. start up costs are computer equipment and the time to research all the requirements for starting a business in that foreign country.
for a country like the philippines, minimum wage is at $10/day vs $40/day you'd be paying the players. sure they can start up their own accounts but first they'll have to go buy a computer and hope to get a place with good electricity and access to high speed dedicated internet. then they have to get a bankroll going. those costs are a huge disincentive for them since they're getting 4x the minimum wage already with no risk.
but like i said there are other issues that i'd be more concerned about, namely that your players start chip dumping to other people that they know.
|