So I just read the article on cardschat about how Daniel Negreanu lost over 80 grand last year despite winnings of over 2 million. His buy ins were more than his winnings. It got me thinking can anyone really make money playing poker? I mean if Negreanu is loosing $ how do us mere mortals have any chance? Ha Ha. Maybe there are just so many good players now and luck plays such a big hand it is impossible to make money even if you are as talented as Daniel. Thoughts?
Of course money can still be made playing poker... If it couldn't be people wouldn't be playing. I saw that article as well and I think the real takeaway is the fact that with many of these professional players what seems like success isn't always so. The investment required to play the "professional" circuit is extremely high and as such what appears successful from the outside looking in isn't always so.
Another thing to take into account for some players are their sponsorship which contribute to their overall bottom line, so even though they may not have made money playing poker, that doesn't mean they didn't make money throughout the year. Plus the amount of prop bets some of these pro's make are unreal.
Another thing to take into account for some players are their sponsorship which contribute to their overall bottom line, so even though they may not have made money playing poker, that doesn't mean they didn't make money throughout the year. Plus the amount of prop bets some of these pro's make are unreal.
Well, he has sponsorship and some paid buy-ins. So, he doesn't lose money but only wins it.
https://www.poker-king.com/answers/...l-negreanu-make-from-his-pokerstars-contract/
I remember in some year he won almost nothing except 1 High Roller tourney which hardly covered all his losses.
On the other hand, I saw how David Peters plays. It was fine but... He played pretty straight. But earned pretty much.
https://www.poker-king.com/answers/...l-negreanu-make-from-his-pokerstars-contract/
I remember in some year he won almost nothing except 1 High Roller tourney which hardly covered all his losses.
On the other hand, I saw how David Peters plays. It was fine but... He played pretty straight. But earned pretty much.
in the long run yes .. in poker, make money fast, a novice hit a big jackpot, it's because of the variance .. But keep on top is difficult as we see player as well as Daniel losing money .. next year he can make another fortune .. poker is like this ... In fact every day is more difficult to play, because the level has increased a lot of players .. formerly it was easier.
Poker is a grind and if i had to play to survive, it would not be easy. We think we can play, but live games with pro players will eat you up. On line poker is unpredictable at best. Once again, I think everyone better have a back up plan. Justly opinion of course.
Thanks for your comments. 🙂 Yes Daniel has sponsorships and made money from other poker related things. I'd be interested to know if anyone knows any facts about how much any of the top poker players have made as a profit (winnings - losses) purely from playing poker in the last 3- 5 years?
well, Toyota has an over billion loss in some bad season.
do you think Toyota is not a profitable company?
they were called professional poker player, because they can make a living by playing poker.
can anyone else do this? well i wana be another another Jordan or Kobe, but I know I cannot-- that is the answer.
do you think Toyota is not a profitable company?
they were called professional poker player, because they can make a living by playing poker.
can anyone else do this? well i wana be another another Jordan or Kobe, but I know I cannot-- that is the answer.
I would argue that yes, poker can be profitable both short term and in the long run. As any player will tell you , there will be ups and downs, but a solid, consistent player, will make money. I play a local casino 1/2 NL game and am up right around 5k for 2017...Not that much , but I'm just getting started.. Play tight- Don't tilt..
Simplified, poker has 2 aspects: skill of the player and luck (the cards you get)
The general theory I use is that the skill of players increases with higher buy-ins.
The cards I cannot do anything about, but I can choose the skill required.
In my case, as newby, I play the cheapest games and still hardly win, but my performance is improving on a montly basis. based on bankroll management, I may switch to larger stakes.
So, my theory is that poker, over a period of time, can be profitable; just make sure you play against people with worse skills.
A person like Negreanu might have to play the high stakes games. Are there enough to be able to draw conclusions over 1 year? or do we need to look at multi-year performance. I would not be surprised that not all pro's get a reasonable income (even over x years), but their sponsors might support them anyway.
The general theory I use is that the skill of players increases with higher buy-ins.
The cards I cannot do anything about, but I can choose the skill required.
In my case, as newby, I play the cheapest games and still hardly win, but my performance is improving on a montly basis. based on bankroll management, I may switch to larger stakes.
So, my theory is that poker, over a period of time, can be profitable; just make sure you play against people with worse skills.
A person like Negreanu might have to play the high stakes games. Are there enough to be able to draw conclusions over 1 year? or do we need to look at multi-year performance. I would not be surprised that not all pro's get a reasonable income (even over x years), but their sponsors might support them anyway.