You mentioned in a couple of your posts that it is common to see advances for new authors in the 5000-7000 range but I can't find any information about royalties. You do mention in an almost off handed way that each time you sell a book you receive about $1.12. What sort of annual income is typical for a author that publishes one book every other year. I think I could write a book a year if not more but I know the editing and everything else can drag out the process. I have no idea what typical sales for a book are. I understand that it is completely dependent on how well the book is received, I'm just looking for averages here.

"During a year-long gambling binge at the Caesars Palace and Rio casinos in 2007, Terrance Watanabe managed to lose nearly $127 million.

The run is believed to be one of the biggest losing streaks by an individual in Las Vegas history. It devoured much of Mr. Watanabe's personal fortune, he says, which he built up over more than two decades running his family's party-favor import business in Omaha, Neb. It also benefitted the two casinos' parent company, Harrah's Entertainment Inc., which derived about 5.6% of its Las Vegas gambling revenue from Mr. Watanabe that year."

"It’s logical if you think about it. Try to use a parachute as a trampoline and you won’t get very high, and Watford Football Club appear to be the latest ex-Premier Leaguers to have discovered the dangers of life in the Football League Championship without either. Much of Watford’s year-long dalliance with administration, which has finally hit the national headlines, is a familiar tale of football-finance woe. An over-ambitious pantomime villain risks everyone’s money but his own on an unachievable dream and blames fans, press, and global financial crises when it all goes horribly wrong. Then he sods off before the discovery of buried bodies, leaving a successor to pick up the mess and either start the whole process again, after a short honeymoon period of renewed over-ambition, or desperately scrabble around in the hope of skin-of-the-teeth salvation."