Most Money Ever Won In Poker
Most Money Ever Won In Poker Tournament
If you’re considering becoming a professional poker player or are just love watching pros win stacks of cash, let Daniel Negreanu give you a reality check.
The legendary poker pro wrote a year-end blog with his results from 2017, revealing he had won over $2.7 million last year. That seems like a ton of money, right?
Not quite, per Negreanu:
The World Series of Poker (WSOP) is a series of poker tournaments held annually in Las Vegas and, since 2004, sponsored by Caesars Entertainment.It dates its origins to 1970, when Benny Binion invited seven of the best-known poker players to the Horseshoe Casino for a single tournament, with a set start and stop time, and a winner determined by a secret ballot of the seven players. The largest non Hold'em Tournament has been the 2008 WSOP $50K HORSE with a prize pool of $7,104,000 and the first prize of $1,989,120 going to Scotty Nguyen. Below are the 30 largest poker tournaments with respect to the prize pool in United States dollars and not number of entrants. This list includes live and online poker. People ask me all the time is poker still profitable in 2020 or not. Or they want to know if you can still make a lot of money playing online poker in particular. So here is the short answer. Yes, poker is still very profitable in 2020 but you have to be willing to work hard to get it. It is not as easy to make big money in poker anymore. Justin Bonomo has now won more money playing poker tournaments than anyone else in history. The 32-year-old poker pro earned $10 million for winning the $1 million buy-in “Big One for One Drop.
Well, the truth is, if a player plays the full high roller schedule and cashes for $2 million, they are all but certain to have had a losing year, and that’s before expenses.
Most Money Ever Won In Poker Odds
I felt like I had a decent year in terms of results, but when you break down the numbers into an actual profit vs loss, I essentially broke even!
Buyins: $2,874,164
Payouts:$2,792,104
Profit: -$86,140
Crazy, right? His $2.7 million didn’t even cover all of his buy-ins into events. Although he said most players don’t fund everything by themselves, he does pay his own way into events despite sponsorship deals.
Negreanu also broke down how he did this year in terms of cashing out in tournaments: He said he played in 71 events and cashed out in JUST 21 OF THEM! The previous year he went 10-for-49 and 11-for-49 in 2015. Yet when he tallied up his five-year total, he went 68-for-291 and made an $8 million-plus profit.
What does all that mean? If you can stomach all the losses and balance them with occasionally cashing in, all while affording the expenses, you could be a pro.
Most Money Ever Lost In Poker
Read the full post here.