Can You Make Money Playing Poker OT?

Amanda A

Amanda A

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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?
 
Peppinotom

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Where did the Money come from, that he lost? and did 80k really hurt him? I don't think so, he will have enough buy ins for 2018 somewhere on some account ;)
 
burton_boy

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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.
 
cazual88

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If he spent more money in a year than he earned this year, this does not mean that he became bankrupt. This means that he has enough money to spend so much. I think he has accumulated a very impressive amount in his entire career.
 
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cheeeer

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SlavaUa

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Today he lose tomorrow he will win cause he is Daniel as for us especially me i can not to lose money, or do deposit, only money from freerolls.
 
Willroquefan

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As an amauter I can't make money right now, but I hope to increase my bankrool and try to do so,but at first I need to get improved and be a skill player one day and make money over time.
 
Milosika1991

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I think these 80k will not affect his life in general because the man already earned millions...;)
 
iosif18

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ff

By practicing every day you can be a good poker player.Every day we are learning .....and at a high level of skill i believe you can make a lot of money without huge risks.
 
sryulaw

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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.
 
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bigjay2007

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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.
 
infonazar

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No matter, how much spent money Daniel Negreanu.
I think, more important, how much you spent money.
 
Amanda A

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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?
 
Ranish625

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I think that everyone has a chance to win good money, if I didn't I wouldn't play!
 
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renatoAD

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of course, with enough study and dedication, you can do it!
 
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r21sp

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I'm sure that in time I will be able to make money playing poker, I'm working on my game and studying all available materials to improve my game!
 
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maykmar

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If daniel lose is obviously not your personal money, if not the sponsor that is, if you can make money playing poker, but there are always some bad run where will lose, but it is always possible to get ahead with your bankroll
 
makisaa

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Measure is something that every poker player must have in mind and act wisely. If you have luck act with measure, if luck is over act wisely!
 
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FearlessPhil

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It is much easier to make money playing cash games than playing tournaments.
 
David macdonald

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Losing only 80 grand is good, he earns more than 80 grand on the interest from the bank alone. It's very hard to make money playing poker. But of course it can be done
 
XXPXXP

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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.
 
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bravissim0

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Mere mortals have much less expenses than stars. And if you play on the Internet, then these costs are still decreasing
 
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vpashuta

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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..
 
8bod8

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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.
 
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Moe DeLawn

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It is possible to make money from poker over a long period, but like everything else it's not easy. It takes a lot of knowledge and experience. Only a small percentage of regurlar players are capable of winning long term.
 
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