H
haryrosen
Rising Star
Bronze Level
diego farfan
Legend
Silver Level
about what you mention in the main article that some players use sponsors to participate in large tournaments is like in all sports with the only difference that the prize is divided with the player and the investor, about being bankrupt is possible because Some players get good money to duplicate it that sometimes it works as your example and as in others they lose to the extreme of being 0 in their ceutna in the poker room, that's why the self-control of oneself to avoid those esenarion in the life of the said player
B2199707
Enthusiast
Silver Level
True i have never see or heared of any live or private games being played here in south africa.... probably playing behind closed door hey
MrPokerVerse
Legend
Bronze Level
Have no idea what you are talking about? Didn't see anything regarding making a living? What does 25 or 30 percent have to do with 5%?
Artbart805
Legend
Platinum Level
Broke
Johnathan Little ( poker pro) I follow, was in playing a tournament. Rebuts 5 times at 1k plus busts out at a 1.5K.
Hotel, travel, food?
Questions, what part comes out of pocket, or is supplied by supporters?
His wife works, 2 kids, poker coaching site, training, vlog income.
Has cashed numerous times...
I do not know?
Johnathan Little ( poker pro) I follow, was in playing a tournament. Rebuts 5 times at 1k plus busts out at a 1.5K.
Hotel, travel, food?
Questions, what part comes out of pocket, or is supplied by supporters?
His wife works, 2 kids, poker coaching site, training, vlog income.
Has cashed numerous times...
I do not know?
Poker Orifice
FoolsTilt
Platinum Level
Some flawed logic here ^ guys.
10% of players in 'a' tournament will win 'some' money. (this doesn't tell us it's enough to buy a coffee)
'Winning Tournament PLayers' (those who are winning in the 'long run') are typically ~ 14-16% ITM (in the money). What type of ROI (return on Investment) along with what size of buyins they're playing, along with what sort of volume they're playing will determine approx. how much they're winning.
But none of this ^ still says they're making enough to be making a living at it. The difference between how many poker players are 'winning players' vs. how many are 'making a living' is likely pretty huge.
rj_montana
Visionary
Silver Level
The majority of poker players lose money. Among the subset of winners, many struggle with gambling and other addictions and a general lack of self-discipline and financial sense, ex. owning extravagant vehicles, etc. So it should not be surprising that even many of the well-known pros are hard off financially.
As was mentioned, most of the pros are heavily staked, and only get a small portion of the upside. I think the example of lottery winners is also a useful analogy. Too often lottery winners end up filing for bankruptcy. I see no reason why the same phenomena would not apply to an amateur player who happened to luckbox the main event.
As was mentioned, most of the pros are heavily staked, and only get a small portion of the upside. I think the example of lottery winners is also a useful analogy. Too often lottery winners end up filing for bankruptcy. I see no reason why the same phenomena would not apply to an amateur player who happened to luckbox the main event.
Svyat66556
Rock Star
Silver Level
indeed, most players go to in negative. greed and big self-confidence are the main enemies of poker
Pokerishard
Visionary
Silver Level
100% yes..........a simple example.......tournament with 1000 players.....100 places cash......means 10% cash.(profit)..so 90% are "-".........this is just one tournament statistic.........in long term.....depends of results........but...i don t think so in long term the 90% "-" will all grow until "+'....
SPANKYSN
Legend
Bronze Level
I have no clue or any data to go on, but it makes sense that there are a good portion of players who are living hand to mouth. The top pros can make tons of money one year, and blow the whole amount the next...don't know, but it could happen.
ga25x
Visionary
Platinum Level
agree 100 %
antonis32123
Legend
Loyaler
Players with good strategy plan , proper BRM , knowledge of their true/real poker capabilities and what cashgames or tournaments they should choose and play , don't get broke . The only important thing is to know whether they play exclusively to make money or also for some fun (more or less somehow/sometimes recreational 
) .Either is good , but if you see this as a job , not only just a way to have an extra income every month besides your job or other income you might have , not only as a way to win the great lifechanging jackpot/payout of your life someday and win a very big prize in a tournament , but don't worry so much for losses on the meanwhile (more like a recreatoonal behavior) , then more patience is needed , you have to be very carefull with BRM and losses , upswings and downswings
The problem is if you choose it as a job but you earn pennys (bad for you or family ) , if you want to earn big playing big buyins without patience , bankroll plan , especially if you are a bad player . I believe you should be leveling up in poker gradually , the more successes , the bigger bankroll , the more expensive buyins , the more you can see it as a job . If you have financial or other kind of prblems and you think playing recklessly poker without limits will be benefitial one day , well, more possible to be catastrophic for you , and destroy you financeially , bust you bankroll and get broke ...
) .Either is good , but if you see this as a job , not only just a way to have an extra income every month besides your job or other income you might have , not only as a way to win the great lifechanging jackpot/payout of your life someday and win a very big prize in a tournament , but don't worry so much for losses on the meanwhile (more like a recreatoonal behavior) , then more patience is needed , you have to be very carefull with BRM and losses , upswings and downswings The problem is if you choose it as a job but you earn pennys (bad for you or family ) , if you want to earn big playing big buyins without patience , bankroll plan , especially if you are a bad player . I believe you should be leveling up in poker gradually , the more successes , the bigger bankroll , the more expensive buyins , the more you can see it as a job . If you have financial or other kind of prblems and you think playing recklessly poker without limits will be benefitial one day , well, more possible to be catastrophic for you , and destroy you financeially , bust you bankroll and get broke ...
Nathan Williams
Poker Pro
Silver Level
Most high stakes pros are staked. This means that only a small amount of their action actually belongs to them.
So are they broke? Not technically, but most high stakes pros are not nearly as rich as they make it out to be. Or as the poker TV shows would have you believe.
So are they broke? Not technically, but most high stakes pros are not nearly as rich as they make it out to be. Or as the poker TV shows would have you believe.