How many online pros average +500k a year in the world?

[sethypooh21]

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I have a hard time believing that the number is so low.

Between 8-12k hands a week is a standard 'work week' for a pro online poker player, imo.

The necessary winrates at 30/60 is about 1.5BB/100.
The necessary winrate at 10/20 is about 4bb/100.

That doesnt even count rb, supernova bonus stuff or other benefits. With all of that, and playing more hands a week, it's perfectly reasonable for someone to be doing it at 15/30 or 5/10NL.

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rofl at making 500k at 30/60 limit

[/ QUOTE ] Yeah, even if you were CRUSHING the game, it seems like it would be hard enough to get enough hands in.

[bustedromo]

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All,

Just for a humorous comparison, the average salary of Goldman Sachs's 22,000 employees last year was over $500k. The top 250 Goldman employees averaged about $7M each. Sorta sick how little money there really is in poker.

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Goldman paid out $11B in compensation last year ? Sounds high. Could you post your source.

[Tryptamean]

http://www.boston.com/business/articles/...e_makes_622000/

[ggbman]

This isn't really that "LOL" worthy GW, it would mean doing like 80-85 cents a hand for 42k hands a month post rakeback, which is not insane. And if you play 600-650k hands a year then its really doable. I obv. get that most ppl. play less, but there are certainly a few 30-60 players whose expectation should be 500k/yr. I would guess the answer to the OP's Q for the last 2 years is like 350-400.

[cbnz]

good find with the Goldman Sacs thing, pretty funny comparison 7M for some top employees and were wondering about a mere 500k

[Poker_is_Hard]

How many hours do you think the average Top GS employee works? ~70 a week.... ~80 a week.

From what I can see the general poker community is young and lazy when it comes to putting in work hours. Your standard big 4 accountant right out of school is working 60+ hours a week during busy season.

If the majority of the on-line poker world put in a real 40 hour work week, the number of 500k+ winners would skyrocket.

[Kilay]

The thing is, if you can make 500k a year in poker, you probably can also get around the same salary at a big firm (since those players who make that much aren't stupid you know) so why try it by playing poker while you can a lot more security at this big firm... I think the only people who think it's worth making loads of money in poker are gifted students who don't have any other opportunity to make this kind of money anywhere else while they are still in college...

[Poker monkey]

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All,

Just for a humorous comparison, the average salary of Goldman Sachs's 22,000 employees last year was over $500k. The top 250 Goldman employees averaged about $7M each. Sorta sick how little money there really is in poker.

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As the article mentions, this is a mean rather than a median, i.e. most people in Goldman's get paid a lot less than this. Still pretty amazing though.

The reason why there's not a lot of money in poker is because - well, all you're doing is playing poker. People with real jobs do something useful with economic value added. Most of the guys who are smart enough to kill high stakes poker games could make more as securities traders. Slightly different work ethic / lifestyle though.

[bustedromo]

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The thing is, if you can make 500k a year in poker, you probably can also get around the same salary at a big firm (since those players who make that much aren't stupid you know) so why try it by playing poker while you can a lot more security at this big firm... I think the only people who think it's worth making loads of money in poker are gifted students who don't have any other opportunity to make this kind of money anywhere else while they are still in college...

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I think the key point here is corporate world vs da underground. Not everyone can be happy in the corporate world. Some people even go temporarily insane in that environment.