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?


10523 Likes,     1067 Dislikes,     1243641 Views,     1346 Comments

oldnew newold Says:

Jan 18, 2020 - So this whole video is advertisement for stake kings. WTF!

theghostmachine Says:

Jan 17, 2020 - "All Paid Promotion needs to conform to our Ad Policies. In addition, creators and brands are responsible for understanding and complying with their legal obligations to disclose Paid Promotion in their content, including when and how to disclose and to whom to disclose (so be sure to check and comply with your legal obligations)." - Google Ads policies

Jeffry De Leon Says:

Jan 17, 2020 - I've been watching poker on and off for like 10 years and truthfully, this is the first time I heard about staking. Very informative. Nice.

Tom Yazel Says:

Jan 15, 2020 - ok...and the point is what?

MTDfilms Says:

Jan 14, 2020 - Just enter $60 tournaments lol in Canada

Jeff Blake Says:

Jan 11, 2020 - Sounds like the mafia has an offer they can't refuse.

Poker Beast Says:

Jan 10, 2020 - Jeff gross gas the personality of a gnat

Progressionmusic1 Says:

Jan 9, 2020 - Nice Promo

dannydaw59 Says:

Jan 7, 2020 - Do the casinos take income taxes out right away from the winnings or do they award the prize with no taxes taken out and it's up to the winner to report the income to the IRS?

Tc Linn Says:

Jan 7, 2020 - Answer is casino



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?