April 27, 2011
Diggers two cents worth RE: black friday aftermath.
1) Expect that the regulation of US online poker will take longer than most expect.
Reason: the incentive to bring it back in is small. The companies involved have only a small amount of influence in Washington relatively speaking. Those that oppose re-introducing it tend to be based on moral grounds and thus less likely to be swayed than on other types of issues.
2) Expect that if you do relocate that it will be more expensive than you might otherwise expect.
Reason: the US dollar is in a structural decline + the duration in which you will be abroad I would argue will be longer than you might plan.
3) Opportunity cost of moving overseas is high.
Reason: the decision does not stand in isolation. You have a choice of being a poker player or any other form of employment to support yourself. Whilst there might be a short-term advantage in moving overseas - delaying entrance into the workforce can have a long-term impact on your advancement/ultimate return out of any non-poker employment that you might have achieved otherwise.
4) On average the cost of living for migrants is higher than it is for locals.
Reason: You do not have the social network that you would have in the US which can provide effectively cheaper forms of bartering for services. Citizens tend to have rights over social services which are not offered to locals, insurance is higher for migrants, part-time or supplemental forms of income might not otherwise be available.
5) Social cost of moving: there is a premium in a lifestyle being close to lifelong friends and family. This has some value which you are forsaking.
6) Visibility or certainty discount: the lack of visibility of the poker landscape or the level of certainty you are reasonably justified in having over your poker income is very low. Which should incline you to have a higher expected return on labour to justify your decision to relocate.
Good luck in your choices