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How much money do professional poker players really make?

Daily, weekly, monthly?

Public Comments

  1. u mean how much they lose?
  2. That depends on how good they are and where they play.
  3. About a million a day
  4. $1,000 a week
  5. Depends on if they are really good poker players or really bad poker players.....
  6. it dosen,t pay weekly it,s $10.000 a game.
  7. i don't think you should be thinking like you are working on a salary basis when you are gambling or playing poker or whatsoever, its a matter of luck and in poker more or less some necessary skills and nerves. if you are lucky and got the nerves and skill to be a good poker player you can be a millionaire in a matter of months or weeks even days or a very poor guy sooner than you expected.
  8. Hi,I play poker for a living, and the money I make can be variable. The amount of money a poker player make each day, week, month or year depend on a lot thing: How many hours does the pro play?, what limits does he play? does he play more cash games or more tournaments......etc. So many question to be answered before giving you a number. Basically it's different for each players. Take care
  9. They don't make a lot unless they get on one of those poker tv shows.
  10. It depends if you are someone like Mike Matusow you can make 1 million in several days, then lose 1 million in 3 days and eventually be thrown in jail for a coke addiction. You really cannot determine how much money a person will make when so many factors are involved. Daniel Negreanu made a lot of money for a while, but if you watch High Stakes Poker you see he's down about 600k on the show, but there is no telling exactly how much he's won in other games and online gambling. Your best bet is to play poker part time until you build up a steady bankroll. More money you get commit a bit more time, but make sure you are doing your studying and take a lot of notes on the players around you. I'd say once you hit a bankroll of 100k+ that you should start taking poker seriously, maybe still not necessarily full time. There is always the risk it can all be taken away in less then a couple days. Again with Mike Matusow he had a few thousand lent to him when he got out of jail from Phil Hellmuth(wikipedia search Mike Matusow) and he brought it up to a couple hundred thousand and then lost it all yet again. So I mean you really need to watch your stakes and keep up on your studying. There is never a way to completely master these games and staying on your toes for new and different strategies is a must.
  11. It's so hard to answer that. On the one end of the scale you have the grinders that grind out $10 or $20 an hour. On the other end you have those who sit in the big game at the Bellagio and play $1000/$2000 blinds. You have cash game experts and tournament experts. Those that play small tournaments others that play the big ones that cost $10,000 or more to enter. Some poker players can make several million dollars a year, whereas others make just enough to live off. Some make a fortune and squander it almost as quickly gambling. Your question is like asking, how much money do people in retail make? Well clearly the person operating the checkout at Wal-Mart is on little more than minimum wage. But a Wal-Mart executive makes much much more.
  12. It can vary tremendously - here is an old article I wrote on Professional Poker Money Management: So, you want to go pro. You’ve been beating the game forever and a day. Your poker skills are all that and a bag of oreo’s. You’ve got sufficient bankroll and living expenses put aside and you’re thinking to yourself, “Self, I am so ready to do this. I am quitting the day job, gonna sleep till noon and play poker for a living.” Let’s talk about money management for a professional poker player. I know lots of players who throw their money in a safe deposit box at the casino. They need some money, they grab some. They make some money, they dump some. The whole ‘need’ thing gets a little fuzzy though. Does Joe Poker really need to buy a $2500 necklace for that girl he’s been dating for about two weeks so she can forget she was going to wait until she got married? What about wheels; BMW or Buick? Dinner; McDonalds or Le Ritz? What defines need? The decision that a poker pro makes regarding these issues is more important than for a professional in any other field. For instance, when a carpenter goes out to dinner, he’s not paying for his meal with his hammer and saw; he gets to keep the tools of his trade safe to go make more money. For a poker professional though, money is the tools of his trade. And it’s just not about keeping sufficient bankroll to play his bread and butter game. The poker professional also has to at least consider the merits of moving up to a level that would demand a larger bankroll, as well as savings, retirement etc. Most professionals don’t give it much thought which is one reason you hear those rumors about this pro or that one going broke – because they have. It never was about talent – it was about money management. Here’s a solution. First find out what your nut is. Let’s say you need $800/wk to live comfortably and give yourself some wiggle room. I’d recommend giving yourself a 25% cushion. Life always costs more than you think. You’ll need money for entertainment, savings, health insurance, IRA, your dumb brother in college who needs money for books cause he lost the money he had earmarked for books in a campus poker game… Next, pay yourself weekly. In our example then, you’d pay yourself $1000/week. All remaining money goes into bankroll. Trust me on this – this is not yet a solution. This is what’s going to happen: Poker, like everything else in life is eventually going to become a job. You are going to want to take time off. You’re going to go to the tables one day, kill them for $2000 and take the next 13 days off cause you’ve already made two weeks pay. This is fine, until you get into a streak where every hand you get is crushed on the river by a two-outer for a couple of weeks in a row. You pay yourself out of bankroll even though you had a breakeven or even losing week and now your bankroll if dwindling because you didn’t pad it when times were good by putting in the hours the way a dedicated employee would have. So how do you stay motivated? Good question – here’s the solution: Put in the time. Work a forty hour week, keeping good records all the way (which you should be doing anyway). Let’s continue to work off of our $1000/week model. At the end of every quarter (13 weeks), add up everything you’ve earned. Let’s say you were playing $20/$40 and earned exactly one big bet an hour for 40 hours a week for 13 weeks. That would come to $20,800. You’ve already paid yourself $13,000 in salary which would mean that during this quarter, you’ve earned an additional $7,800 which is sitting in bankroll. Award yourself half as a bonus. That’s $3900 in a bonus check to you for staying motivated and continuing to put in the hours instead of taking it easy and slacking cause you had no one to answer to. Your permanent bankroll would also increase $3900 and so you are taking steps to increase your long term security while still enjoying a bit of sugar now. If you went pro while sitting on a reasonable bankroll of 300 big bets to play $20/$40 ($12,000) and at the end of the year you had earned an average of one big bet an hour and put in 40 hours a week for 50 weeks (you absolutely need at the very least, to take a two week vacation or two one week vacations) then this is what you’d be looking at: You would have earned $52,000 in salary and $14,000 in bonuses for a total annual earn of $66,000. Your bankroll would have more than doubled from $12,000 to $26,000. If you continued in this vein for five years, averaging one big bet per hour along the way, your bankroll would have swelled to $82,000 – if it were sitting in a safe deposit box somewhere. You can do that and you’d still be so far ahead of field that you could give lessons or, you could invest a good portion of it. Once you get beyond immediate needs and safety net, bankroll doesn’t need to remain liquid. Even sticking that $14,000 you were adding to bankroll into a money market account earning 5% annually would have, after five years, added another $10,000 to bankroll. Learning how to beat the game is a good start. Once you’ve achieved that though, learn how to stay in the game.
  13. That's like saying "What does a 30 year old person make?" There's way too much variability in the stakes and skill to make a blanket statement. It is further clouded by the fact that playing poker has tons of inherent volatility in returns. It isn't something we can observe by watching them play for a little while. Most of the figures thrown around for top professionals come from the players themselves. Whether you choose to believe them is up to you, but I'd question them.
  14. the big ones on TV make millions a month but have nothing 2 show for it. Think about it how much can u make when u r always playing against the other best players in the world. Plus a lot of them are into drugs and sportsbetting, just see Mike Matasow. They are always borrowing off each other. So they win 500k but owe their staker 250k. Then they lose 100k in a cash game. Then they blow 300k betting sports. Then they win 100k in a cash game. Then they blow 20k at the horse track, etc, etc, etc.
  15. http://www.gamblingcasinodirectory.com
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