WATCH: How Much Money Do Poker Players REALLY Have?
Doug Polk takes to YouTube to take on the “tricky subject” that is money in poker. Polk said in the description that earnings in news articles and on websites only reflect multi-table tournaments and don’t account for losses, so some players can appear to be broke while others make millions.
Polk breaks this down and shares how much some online players are making in a variety of games. He said that if you’re trying to make money, online tournaments may be your least effective option. He goes on to say that mid-stakes grinders make around $150K to $200K (possibly, more reasonably $130K after rakeback).
High-stakes poker players have a tougher time, with the best making around $1.5 to $2 million a year because there are fewer hands, tougher competition and less money to go around.
He gives "OTB_RedBaron" as an example and says that he may only make about $5 to $10 million in the last three to four years. He said it’s safe to say most online players in mid-to-high stakes come in between $0 and $1 million.
Either way, the top players aren’t making what it seems.
From there he delves into a full analysis of why playing poker is so expensive and how you can make more money in the world of live poker (despite all the hurdles and vices that accompany the poker lifestyle).
