Did any of you guys get rich playing poker?

[Poker Orifice]

i dont believe you guys dont believe your not going to be rich inside ur mind even alittle bit. i mean that is the driving force isnt it?

People play for a variety of reasons. What motivates some to play is much different for others. You've only listed two. If you can come up with a list of some of the other reasons, I believe it'll help you to become a better player... because not everyone plays for the same reason (helpful info. to have on any table you're on).

SO i guess at the end of the day its NO. nobody got rich from poker.at least the most of us.

You could conclude that the answer is likely 'no' so far for the people from this forum who have so far responded to this thread (aka 'small sample size').

 

[ryhailey]

I think to win big you have to play big. And most of the people here are afraid/not able to risk big. I play every Saturday at my local casinos $100 buy in tournament and I have won/cashed many times but at most it's a $2,200 win. That's not very big in my opinion when it comes to poker, but that is the biggest tournament they offer, so I can't really play any bigger unless I want to travel 300+ miles to the big casinos. But I plan on playing a few wsop events in 2013 so if I win big there I will update this post lol.

Sent from my Samsung Galaxy Note 2 using Tapatalk

 

[vinylspiros]

People play for a variety of reasons. What motivates some to play is much different for others. You've only listed two. If you can come up with a list of some of the other reasons, I believe it'll help you to become a better player... because not everyone plays for the same reason (helpful info. to have on any table you're on).

You could conclude that the answer is likely 'no' so far for the people from this forum who have so far responded to this thread (aka 'small sample size').

thanks poker orifice for your posts. i know im going to become a better poker player after talking to so many poker fans here.

 

[aceblack]

Phil Helmet: tough way to make an easy living

The problem with online is you lost a very important aspect. The ability to read people. But then who wants to sit around 10 hours a day with a bunch of ugly and obnoxious men. I think most famous guys probably do better on the endorsments than on actual winnings.

 

[kidkvno1]

The problem with online is you lost a very important aspect. The ability to read people. But then who wants to sit around 10 hours a day with a bunch of ugly and obnoxious men. I think most famous guys probably do better on the endorsments than on actual winnings.

You can pickup on online tells, if your playing one or 2 tables at a time.
Amount of time it takes to bet, odd bet sizing.

To OP I've been playing for fun, but i want to start playing for an income.
I was working my way up on FTP till BF hit.

 

[bz54321]

I read an interesting article on this that said people making a living are playing the higher stakes.

So they said in the micro level no one is making a profit.
At the medium level very few like 10%.
But when you get to the nose bleed section its more like 50% making a profit.

I have also seen stats that say only 10 to 20 percent of players ever make a profit long term.

So I think that like 80-90 percent of people making big money are playing at really high stakes. Almost no one makes a lot from playing smaller stakes.

Also have read quotes from big time players were they say you want to get to the high stakes as quickly as possible.

 

[vinylspiros]

I read an interesting article on this that said people making a living are playing the higher stakes.

So they said in the micro level no one is making a profit.
At the medium level very few like 10%.
But when you get to the nose bleed section its more like 50% making a profit.

I have also seen stats that say only 10 to 20 percent of players ever make a profit long term.

So I think that like 80-90 percent of people making big money are playing at really high stakes. Almost no one makes a lot from playing smaller stakes.

Also have read quotes from big time players were they say you want to get to the high stakes as quickly as possible.

this is what i had in mind. i think that the higher u play , the more profit u can make. so yea i agree with this although i cant be sure if its true since i havent played too high...YET. but thanks for posting man.

 

[vinylspiros]

This thread basically sums up this forum. A bunch of losers with big dreams sitting around discussing the finer points of mediocrity.

What a joke, this is my last post, just stop depositing, go back to your cubicles and be happy being what you are.

You have some serious issues. SEEK HELP.

 

[aceblack]

you have to find rich guys who think they are smarter then everyone else because they are rich. They typically get their asses kissed by everyone around them so they start to believe they shit gold.

 

[JusSumguy]

Most rich folks aren't rich because they're stupid.

-

 

[hackmeplz]

I've made over 6 figures from poker but I'm far from rich. I have a few friends who have had 6 figure months this year. That kind of money is doable if you have insane work ethic and are very intelligent and are putting in full-time hours, but if it was easy, everyone would do it.

 

[Poker Orifice]

I read an interesting article on this that said people making a living are playing the higher stakes.

So they said in the micro level no one is making a profit.
At the medium level very few like 10%.
But when you get to the nose bleed section its more like 50% making a profit.

I have also seen stats that say only 10 to 20 percent of players ever make a profit long term.

So I think that like 80-90 percent of people making big money are playing at really high stakes. Almost no one makes a lot from playing smaller stakes.

Also have read quotes from big time players were they say you want to get to the high stakes as quickly as possible.

I couldn't tell you what the exact percentages are (but can give you a rough idea), but to suggest that there are no micro players profitting online is completely inaccurate.
Not sure what you consider the 'medium' level (or the micro). In all buyin sizes there's a percentage of players on the table who are winning players. In micro/low buyin MTT-SNG, MTT I'd guesstimate there's closer to 25-30% who are profitting players (I have pokerprolabs software & am pretty sure this is fairlyl accurate).

 

[bz54321]

I couldn't tell you what the exact percentages are (but can give you a rough idea), but to suggest that there are no micro players profitting online is completely inaccurate.
Not sure what you consider the 'medium' level (or the micro). In all buyin sizes there's a percentage of players on the table who are winning players. In micro/low buyin MTT-SNG, MTT I'd guesstimate there's closer to 25-30% who are profitting players (I have pokerprolabs software & am pretty sure this is fairlyl accurate).

Ya the thing I read was focusing more on cash games. They were saying no one really beats the rake at the micro tables. That 30% drops way down when you compare it to the whole field of players on every level.

I am pretty sure that its way more likely to make a living at high stakes then lower stakes. Ad-least for cash games, tournys prob could still be really profitable at the micro level if the field or guarantee is big enough but there is a lot more variance involved.

 

[bz54321]

This thread basically sums up this forum. A bunch of losers with big dreams sitting around discussing the finer points of mediocrity.

What a joke, this is my last post, just stop depositing, go back to your cubicles and be happy being what you are.

LOL

Every successful person was a loser with a big dream at some point.

Unless like BlueSolar your a trust fund baby who has had everything handed to them and never has had a big dream.

 

[A2345Razz]

Most rich folks aren't rich because they're stupid.

-

...or brilliant....

Sorry to burst the American fantasy of the moral or intellectual cream of the crop being the rich folks....it just isnt true often times.

The vast majority of rich people are rich because of 1 of 2 reasons:

1) They inherited money, status or circumstances that allowed them to maintain or build wealth relatively easily. Yes, Mitt Romney got a huge boost in life by being born into an elite family with a CEO/Governor father who could call up Andover and get his child admitted without fuss...etc....and hand down a rolodex when his kid was starting out private capital.

2) They are passsionate about something that becomes a business and then just make a ton of money bc they are passionate about their business/technology and money is largely a by product of them being great at value adding in their business.

e.g. Steve Jobs.

Now IQ is a factor ...but not the dominant factor in either scenarion.

This obviously isnt all-encompassing...for instance, of late you have a wall street class of investor which builds wealth without adding any value or being passsionate about doing anything but building their own wealth.

 

[hackmeplz]

...or brilliant....

Sorry to burst the American fantasy of the moral or intellectual cream of the crop being the rich folks....it just isnt true often times.

Just as in poker, it's about probability. Are there dumb rich people? Sure. Are there smart poor people? Sure. If we took the intelligence/motivation of the average rich person would be way higher than the average poor person? Heck yeah it would.

The vast majority of rich people are rich because of 1 of 2 reasons:

1) They inherited money, status or circumstances that allowed them to maintain or build wealth relatively easily. Yes, Mitt Romney got a huge boost in life by being born into an elite family with a CEO/Governor father who could call up Andover and get his child admitted without fuss...etc....and hand down a rolodex when his kid was starting out private capital.

To inherit the money someone before them had to make it. Generally people smart enough to make it in the first place are going to help their kids out a bit, but they're also a lot more likely to drill values like hard work and dedication into their children. Not to say that this is completely fair but it's how it is, and most people who inherited their wealth are still far more ambitious/intelligent than the average person. And if they're not? gg fortune. It's pretty easy for a stupid person to blow a ton of money they inherit.

2) They are passsionate about something that becomes a business and then just make a ton of money bc they are passionate about their business/technology and money is largely a by product of them being great at value adding in their business.

So if I'm passionate about something but have no skills I can make a ton of money? I'd also be willing to bet that if money was not required in the world that most of these "passionate" people would not put in the kind of effort they do. They work hard so they can "make it". They want to be able to support themselves and their family. And the ones who actually do it just to make the world a better place? They're the ones working for charities and/or donating most of their income to charity and they're not the ones who are rich.

This obviously isnt all-encompassing...for instance, of late you have a wall street class of investor which builds wealth without adding any value or being passsionate about doing anything but building their own wealth.

Wall street investor doesn't add anything of value? Providing liquidity to the market is not value? Helping to stabilize prices is not a value? Just because the motivation is money doesn't make it any less valuable. And how is being passionate about figuring out how the economy works (and as a by-product how to exploit it) not considered a passion? In fact in that regard poker and stock trading are almost exactly equivalent. Poker pros don't really add much to the poker economy other than making sure games run for fish, they aren't passionate about anything other than figuring out how to exploit their opponents the most to make money for themselves. But what's wrong with that? Why do you give it such a negative connotation in your post? You act like the average janitor works for love of cleaning toilets rather than just for the money.

 

[bz54321]

The way America works I like to compare to a poker tournament.

In that everyone started out pretty even and as time goes on fewer and fewer people have all the chips.

What will happen when one person owns everything? I don't know but it will probably suck.

So its way harder to get ahead now adays because it is so late in the game.

 

[vinylspiros]

The way America works I like to compare to a poker tournament.

In that everyone started out pretty even and as time goes on fewer and fewer people have all the chips.

What will happen when one person owns everything? I don't know but it will probably suck.

So its way harder to get ahead now adays because it is so late in the game.

very interesting metaphor. but we didnt all start out equal in this life. we registered late.

 

[bz54321]

The easiest way to get rich off of poker would be to save up 5k or so and go directly to the nose bleed tables with it. You could lose it all in a couple of hours or you could turn it into 30k. 25k in a few hours is the way to make a living off of this game.

And thinking about it 5k is not really that much say you play 10 - 250$ buy-in live tourneys you would already be half way to having the 5k. Grinding it out is not really my dream. Bank roll management be damned at some point to make it big you will have to sit down with thousands at stake. Doing this could pay for your whole year of expenses in one session. Or it could leave you sleeping under a bridge like Phil Ivy mentions doing if you read his player profile on his new website(team ivy).

 

[vinylspiros]

The easiest way to get rich off of poker would be to save up 5k or so and go directly to the nose bleed tables with it. You could lose it all in a couple of hours or you could turn it into 30k. 25k in a few hours is the way to make a living off of this game.

And thinking about it 5k is not really that much say you play 10 - 250$ buy-in live tourneys you would already be half way to having the 5k. Grinding it out is not really my dream. Bank roll management be damned at some point to make it big you will have to sit down with thousands at stake. Doing this could pay for your whole year of expenses in one session. Or it could leave you sleeping under a bridge like Phil Ivy mentions doing if you read his player profile on his new website(team ivy).

dude i hear you man. i totally agree with you on that one . "BUT" isnt that mentality more close to a hardcore gambler ,than to a, professional poker player ???

 

[micromachine]

The easiest way to get rich off of poker would be to save up 5k or so and go directly to the nose bleed tables with it. You could lose it all in a couple of hours or you could turn it into 30k. 25k in a few hours is the way to make a living off of this game.

Totally disagree. You are more likely to lose it than turn it into 25K, people at those stakes are going to be mostly very good experienced players, it wont be like sitting at 2nl or 5nl table and making 5 buy-ins. And how could you make a living off 25k? You wold have to do this successfully many times to make a living.

 

[hackmeplz]

The easiest way to get rich off of poker would be to save up 5k or so and go directly to the nose bleed tables with it. You could lose it all in a couple of hours or you could turn it into 30k. 25k in a few hours is the way to make a living off of this game.

And thinking about it 5k is not really that much say you play 10 - 250$ buy-in live tourneys you would already be half way to having the 5k. Grinding it out is not really my dream. Bank roll management be damned at some point to make it big you will have to sit down with thousands at stake. Doing this could pay for your whole year of expenses in one session. Or it could leave you sleeping under a bridge like Phil Ivy mentions doing if you read his player profile on his new website(team ivy).

so many things wrong here. First off you have to make more than 25k to become rich from this game, second you're right you probably have to sit down with "thousands at stake" to win 25k in a day, but it's possible to sit down with thousands at stake and also be grinding it out with good BRM. Obviously it takes a bit longer but you'll also improve to the point where you can make enough to make a living regularly rather than hoping to run good and will improve your odds of hitting that big score as well.

Moral of the story is if you feel like gambling for thousands instead of sitting at a random table shoot me a pm and we can play and maybe your dream of making 25k in a day can come true

 

[bz54321]

"BUT" isnt that mentality more close to a hardcore gambler ,than to a, professional poker player ???

Let me throw this back at you.

Isnt a professional poker player are hardcore gambler? (If you are not sure google gambling Wiki defines it nicly) On a side note I did look gambling up yesterday and my definition of it was a little off. So don't feel bad if you have added extra meaning to the word that is not part of its definition.

First off you have to make more than 25k to become rich from this game

Correct to get rich you will need to have repeated wins of this caliber and higher. I am just saying most of the people making a living off of poker are making and losing sums of money equivalent to this on a daily basis.

This level is were you want to be spending all your time if you want to be rich\gambling hero.

if you feel like gambling for thousands

Well yes I do feel like gambling for thousands but not on poker and if i did i would do it in a live game in a casino.

 

[RamdeeBen]

If your motivation for playing poker at is to get rich, then you're in the wrong game.

Time, effort, work ethic is what makes someone "rich" playing poker. Most don't just look for ways of making money, stumble across poker with the aim of grinding poker from the micros and up purely to get rich.

For example, the "best" in the world or even just people who earn 100k per year playing don't start playing poker for money. They all started playing with friends, enjoyed the game, played the micros..purely out of enjoyment, gradually over months/years started working more on game theory and all aspects of poker because they enjoyed studying/playing/learning. They then realized after x-amount of years or whatever the case was, they was actually making a lot of money from what they enjoyed doing so decided to focus on making money because they have love and passive for the game, not just driven by $$$.

You have to have passive and a love for the game and actually enjoy playing it. OP, you seem to basically just be playing poker for getting a rich only scheme mentality. With the mentality of wanting to get rich from a quick way through poker..is just not the case and if that's how you feel, then I'm afraid it's highly unlikely to happen.

If you're driven with $$$ in your eyes in anything not just poker, you're much more unlikely to succeed than someone who is driven by love or desire for that particular thing.

 

[micromachine]

Let me throw this back at you.

Isnt a professional poker player are hardcore gambler? (If you are not sure google gambling Wiki defines it nicly) On a side note I did look gambling up yesterday and my definition of it was a little off. So don't feel bad if you have added extra meaning to the word that is not part of its definition.

Sure professional poker player is a hard core gambler, but your idea of sitting with your entire roll at a 5kNL table trying to spin it up to 30k or go bust is much more of a 'gamble' when compared to them playing at those stakes with the proper skills and bankroll.