Who Makes Money From Professional Poker?

Added on May 21, 2019 From CNBC

Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an "investor" will pay a player's way through tournaments for a piece of the action.

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Who Makes Money From Professional Poker?


6759 Likes,     642 Dislikes,     698830 Views,     1042 Comments

MrZoeman1980 Says:

Jun 25, 2019 - Moneymaker effect was not it in my opinion. Look no further than the relovution invention of the pocket cam. The year moneymaker won WAS the first year of the pocket cam at the WSOP.

Dessan01 Says:

Jun 25, 2019 - Ahhh so this is where I’ve been going wrong all this time, who wants to buy part of me in the big $4.40 on Sunday? :d

Shakespeare Ghozt Says:

Jun 25, 2019 - Shout out to the people in the comments who say this is any different than the Stock Market. All the markets do is gamble on gamblers. You play enough real poker and you see a lot of the same guys at the tables and the trading room floor. Trading is gambling by another name. Fundamental analysis is gambling on rumor and groupthink and technical analysis is BS too. Here's a good reddit post on the topic https://www.reddit.com/r/stocks/duplicates/c0qdh3/i_generated_few_candlestick_charts_randomly_1180/ , if you know the first thing about tech analysis, it should scare the bejeezus out of you.

Michael mertens Says:

Jun 23, 2019 - What Lisa Costello describes from 8:40 onwards, is a horrible deal for any player. If they decide on a 50:50 Split plus mark up and the person who stakes her has to be paid back 100% after 3 consecutive losses, before they split any left over profit from a win, the player will never, ever earn any money. Basically the players time and effort is valued as Zero and worse even, he has to pay for makin the attempt, while the backer is priotitied to get his money back. What a sucker deal.

JuiceOutWest411 Says:

Jun 21, 2019 - Laplante is one ugly mf

Dog wag Says:

Jun 21, 2019 - Women poker are useless, that's why they need to be banked, no skill, just a Vagina.

PokerStars TeamPro Says:

Jun 19, 2019 - I play tournaments for the travel, friendships, sponsorship gift bags... tournaments magnify variance. It's where I splash around for fun. My bread and butter is grinding 8-16 tables at a time.... my charts have had a nice positive slope for over 9yrs.

Matt Yukon Says:

Jun 18, 2019 - Poker Grifting 2.0


...just make sure you are not playing on a Baccarat table like the one in this video ;)

dave himlin Says:

Jun 18, 2019 - FACT = It was easier for poker players in normal society , to make a decent income playing poker BEFORE Moneymaker and the TV made NL hold em the most popular game. The casinos used to have many poker games of 7 stud-7stud hi lo - Omaha-Omaha hi lo.. that were limit stakes . A solid player with decent luck, could grind out a decent income in those games. Nowadays, most casinos concentrate mostly on NL hold em games...which results in wiping out most players bankrolls/ buy ins.

dave himlin Says:

Jun 18, 2019 - In my honest opinion, the impact that the TV had in making NL hld em the most popular poker game, has severely damaged the poker scene overall. This fact is just now starting to become more obvious.



https://poker.irish/ Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an "investor" will pay a player's way through tournaments for a piece of the action. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #WorldSeriesOfPoker Who Makes Money From Professional Poker?