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

[the_casino_kid]

[ QUOTE ]
$500k being in a rarified atmosphere may be true in the sense that there are million of people playing online poker and only a few hundred that make that. But I make $500k easy and I sure as hell don't feel like my game is in a "rarified atmosphere." I just don't win $5k in a session and then go surfing the rest of the week like so many do. I treat it like a job and grind out lots of hands. I'm not sure what the number is but if people actually tried to make aas much as they could and played 40 hours a week there would be a ton of people making $500k imo.

[/ QUOTE ]

i completely agree..if i wasn't a lazy piece of [censored] i would be able to rake it in, I just personally think most poker players are susceptible to lazyness, god knows if i spent more time playing and less time at the bars with with friends I'd prolly be able to get up to 500k..

[flipdeadshot22]

[ QUOTE ]
[ QUOTE ]
$500k being in a rarified atmosphere may be true in the sense that there are million of people playing online poker and only a few hundred that make that. But I make $500k easy and I sure as hell don't feel like my game is in a "rarified atmosphere." I just don't win $5k in a session and then go surfing the rest of the week like so many do. I treat it like a job and grind out lots of hands. I'm not sure what the number is but if people actually tried to make aas much as they could and played 40 hours a week there would be a ton of people making $500k imo.

[/ QUOTE ]

i completely agree..if i wasn't a lazy piece of [censored] i would be able to rake it in, I just personally think most poker players are susceptible to lazyness, god knows if i spent more time playing and less time at the bars with with friends I'd prolly be able to get up to 500k..

[/ QUOTE ]

I agree with both of you, everyone who logs onto an online poker site should be able to get to 500K annual, with nothing more than good work ethic, and sickkk online poker skillz, this should all be very LDO

[Abbaddabba]

[ QUOTE ]
[ QUOTE ]
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.

[/ QUOTE ]

rofl at making 500k at 30/60 limit

[/ QUOTE ]



What part is funny? A winrate of 1.5BB/100 at 30/60, or playing 10k hands a week?

The 1.5BB/100 can even include rakeback/fpp... which gives you more wiggle room for your table winrate.

[mindstatez]

[ QUOTE ]
I agree with both of you, everyone who logs onto an online poker site should be able to get to 500K annual, with nothing more than good work ethic, and sickkk online poker skillz, this should all be very LDO

[/ QUOTE ]
Yeah obviously, it is so easy it's laughable. If it isn't, then how come 95% of 2+2 are six figure lifetime winners? Btw for all intensive purposes 'lifetime' means under 500 days.

[Abbaddabba]

[ QUOTE ]
I completely disagree but even if you are correct a fund manager or trader not investing his own money has a guaranteed up side (his salary, unless and until he get fired), a huge variable up side (his bonus) and zero downside. The distribution is strictly to the right of zero.

But fundamentally, trading is not intrinsically a zero or negative sum game because the market should be growing at least with population. Poker on the other hand is intrinsically a negative sum game because money is taken off the table by the house.

Additionally, as has been noted, the scale of money is way off. And poker is variant as hell. The best cannot make money consistently at the high levels. They make it in the long run, but the graphs are pretty jagged. And if you play at a level where they are not so jagged, you are not playing for anywhere near comparable money (except maybe on the party of yesteryear, maybe, but probably not even there).


[/ QUOTE ]

To say that the stock market is easy to do well in because there's a natural rate of growth is misleading.


Playing the market is a zero sum game at best, because averaging 8% on a portfolio is essentially the same as having shoved it into a random portfolio and letting the natural rate of growth take care of things.

I would say it is worse than zero sum because of the opportunity cost of your own time.

If you spend 40 hours a week trying to investigate trends in the stock market without having any influence over your portfolios growth rate, you have lost whatever income you would otherwise have made in those 40 hours a week.


You cant count the 8% growth rate as some benefit to people involved in that industry. We're all capable of earning that with almost no effort. If they are exceptionally good at what they do, they can beef it up to maybe 10% but i really doubt that many actually do that (even though many believe they can, much in the way that many poker players believe they're winning X amount erroniously)

[Micturition Man]

[ QUOTE ]
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...

[/ QUOTE ]

This is a clear fallacy imo, although people have been saying it for years.

The are much higher barriers to entry in an I-banking type job than IQ. For one thing, with a few exceptions, you need a degree from a top college. And top colleges select for a lot of qualities besides intelligence.

[svelte]

646.2
shipit

[the_casino_kid]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
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.

[b]The necessary winrates at 30/60 is about 1.5BB/100.[b/]
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.

[/ QUOTE ]

rofl at making 500k at 30/60 limit

[/ QUOTE ]



What part is funny? A winrate of 1.5BB/100 at 30/60, or playing 10k hands a week?

The 1.5BB/100 can even include rakeback/fpp... which gives you more wiggle room for your table winrate.

[/ QUOTE ]


you can make a good living playing 30/60, but 500k cmon thats just not happening in the real world..200k i could see

[Micturition Man]

I actually made 300k in a year playing 15-30 on Party years ago.

Not sure how feasible that sort of thing is these days though, because game are tougher and also far less plentiful. Back then there were like 35 full games at peak times and maybe 10-12 at the very worst times.

[baronzeus]

no one wins 1.5BB/100 at 30/60 6m anymore, unless you're referring to nimag/EZ2PLY