Highest Poker Player Incomes
Tuesday, March 9th, 2010The best poker players in the US earn more money than many athletes. When you consider their poker earnings, endorsements, book sales and other sources of revenue, professional poker players have one of the most lucrative jobs there is. Bear in mind we are simply referring to star professionals, here. There are plenty of other players who bring in a few thousand a month but still count as “professional.”
There’s no simple technique to know exactly how much money the highest paid poker professionals earn. You can check their records online for big tournament finishes but those stats only tell a part of the story. For every big victory you see listed under a pro’s name, there are numerous other poker tournaments that player played in but didn’t win. With numberous tournaments costing nearly $10,000 a pop, it doesn’t take much time for those entry costs to add up.
In addition to that, those records only count tournaments. There are skilled poker players around the world who silently make millions of dollars a year playing in untelevised cash games. It’s even harder to keep track of these professionals’ wins because cash games don’t have specific, published payouts. Online poker makes things even more complicated because internet earnings aren’t published at any one website.
On the positive side, we have a pretty decent idea of how much some of the biggest poker professionals make. Some noteable online poker professionals keep in depth websites and are entirely open about how much they make each year. Several of the top online cash game professionals earn six figures a month. These players can earn anywhere from $5 million or more every year.
As far as the big name poker professionals on TV go, it’s challenging telling just how much they take home. Their superstar position helps them make a great deal of money outside poker. If we consider their endorsements, contracts and other sources of income, they probably make 5 to ten million dollars per year. This all just conjecture, though, until one of them comes out and tells us exactly how much he earns.
Players like Phil Hellmuth receive endorsement contracts to represent poker sites such as Ultimate Bet. As a part of Team Ultimate Bet, Phil Hellmuth earns a ton of additional which without even having to sit at the poker tables.
If you’re planning on going professional, understand that these numbers are simply referring to the biggest professionals in the business. I’m not saying it’s impossible, but I’m just warning you that poker is not fast way to take home lots of cash. Just like every other competitive occupation, poker demands an amazing work ethic. If you’re prepared to do the work, though, there is a lot of which to be made.
Speaking of money, make sure you visit Ultimate Bet for a giant sign up bonus. Whether you’re a casual player or seasoned vet, an extra $1100 is always a good bonus. All you have to do is enter in the Ultimate Bet Referral Code when you sign up for an account at UB.
For practical tips in the sphere of poker lessons – make sure to read the web site. The times have come when concise information is truly within your reach, use this opportunity.
Tags: Poker, Tournaments
