How much does a professional poker player
earn?
Hello everyone, this is Cardmates.
The idea to become a real poker pro sounds
pretty attractive.
We all believe that we have the required abilities
and are able to succeed.
But at the same time, we realize that just
a small percentage of people manage to be
winning players and make good money by playing
poker.
Those who dream of becoming professionals
in poker, ask themselves the same question:
“How much does a professional poker player
earn?”.
Is it possible to make poker the only source
of income?
Will this be enough for a life of luxury?
The poker world has an answer to all questions:
"It depends on the circumstances."
The truth is that only 1% of all poker players
could become real professionals and make money
playing poker.
But even these players occasionally have serious
downstreaks and it may even reach ruin.
So how much do professional poker players
actually earn?
It depends more on how many sources of income
they have.
Previously, players focused on tournaments
(before the poker boom), but then they began
to notice that the variance is too large in
tournaments and therefore it’s difficult
to rely on a stable income.
Obviously, there are players like Daniel Negreanu
and Chris Moorman who constantly show great
winning results in poker.
But this, unfortunately, does not apply to
all players.
Therefore, many poker professionals play both
tournaments and cash games to maximize their
profit.
They mainly focus on the cash game (as on
the main way of making money, main discipline),
and they also sometimes participate in tournaments
to try to win big money.
Also, poker professionals try not to limit
themselves to one poker format.
Formerly, almost all players were restricted
to the ability to play Texas Hold'em.
Now, players are learning other card games
like Stud, Omaha, Badugi to have an advantage
and make good money there.
Expenses in poker player’s life
Before thinking about professional poker players’
earnings, it is necessary to clearly understand
that this occupation involves large expenses.
For example, let’s take a tournament player.
What are his main expenses?
-buy-ins for tournaments
-travel expenses
-hotel
-nutrition
-tips
-entertainment expenses
-other gambling hobbies (bets for money, sports
betting, casino)
Of course, the situation changes if you play
online rather than offline.
But you can't run away from expenses (for
buy-ins, accommodation, food, Internet).
You must not also forget about taxes.
Of course, maybe you are a lucky guy to live
in a country where there is no tax on poker
winnings (for example, in the UK).
But most poker players have to give a piece
of their winnings to the state.
How to increase revenues
In order to afford the necessary expenses,
it is better to ensure that poker game isn't
your only way of income.
Previously, poker professionals made money
mainly due to sponsorship contracts.
Now, the sources of income are becoming wider.
Coaching takes first place.
Some poker players do not just recruit students,
but also open their own training sites.
Many professionals start to be engaged in
business.
Some play on the stock exchange, others invest
in real estate.
You need to be able to survive in the modern
world.
We all know the famous phrase that poker is
a difficult path towards easy money.
This statement was truthful 20 years ago,
and it is still true.
And in the modern world, poker has become
even more difficult - it became a very difficult
task to make money with the help of poker.
In order to become a professional poker player,
you need to get serious about this task.
You need to be able to use various sources
of income, manage your expenses the right
way, constantly search for new profitable
options of earnings.
To be poker professional is a real job, and
you have to do everything to maximize your
profit.
So how much does a poker professional earn?
It depends on his game skills and seriousness
of intentions.
You need to have a clear plan and ability
to follow it.
Then poker can really guarantee you easy money
and luxury life.
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See
you soon and good luck at the tables, guys!
