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Thread: The Reasons Why So Many Poker Pros Die Broke

  1. #1
    Senior Member drunk's Avatar
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    The Reasons Why So Many Poker Pros Die Broke

    I found this article very interesting and informative - and I would surmise that some of it it applies to "pros" in other gambling arenas
    https://www.cardplayer.com/poker-new...pros-die-broke

    Last edited by drunk; 01-31-2019 at 06:41 AM.
    "Life is so short. So nobody should miss a chance to get into nasty arguments with strangers on the internet."

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    No time to read the article now, but I can sum it up succinctly:

    Most poker pros are not APs. They are addicted gamblers who just happen to be good poker players.
    How many times have you seen poker pros go play craps or roulette in between tournament rounds? An AP would never do that.
    We all know what happens to addicted gamblers.

  3. #3


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    I dont put any of them in the "AP" category. Many times they just run good for a while. A fortunate few were lucky enough to capitalize on sponsorships and other outside endeavors that made them rich. I'm fairly certain that if you make many of these top pros, even the likes of Hellmuth and Negreanu, play on their own stakes, with no outside help or backing, they'd all go broke.

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    Quote Originally Posted by 21forme View Post
    No time to read the article now, but I can sum it up succinctly:

    Most poker pros are not APs. They are addicted gamblers who just happen to be good poker players.
    How many times have you seen poker pros go play craps or roulette in between tournament rounds? An AP would never do that.
    We all know what happens to addicted gamblers.
    Hope you find time to read it, it's not about addiction, it's about arrogance from being very good and while one may not gamble with $$$, the arrogance spills all over.

  5. #5


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    Quote Originally Posted by ShipTheCookies View Post
    I dont put any of them in the "AP" category. Many times they just run good for a while. A fortunate few were lucky enough to capitalize on sponsorships and other outside endeavors that made them rich. I'm fairly certain that if you make many of these top pros, even the likes of Hellmuth and Negreanu, play on their own stakes, with no outside help or backing, they'd all go broke.
    Maybe everyone here on the forum are as you write "running good for a whille". Maybe most here are simply on the right side of variance for now. The smart ones have quit for other ventures (running forums, selling software,writing books or into other professions) and likely many others have gone broke. Maybe Norm or other forum admins can research into how many drop out each year. When you are broke, you don't stay on forums.

  6. #6


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    I can see the "degenerate gambler" or addiction issue being one cause. I met a Bracelet owning Asian WPT Champion in Vegas in 2015 and he was sitting like a Whale ploppie just ripping the arm off a high stakes bandit. He lost more than my BR in that one sitting.

  7. #7


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    it's not about addiction, it's about arrogance from being very good
    No, their arrogance comes from "THINKING" they are very good while MOST of them are simply in a positive variance of their play. Most current Poker pros are guys who got Lucky enough (yes it takes luck AND some skills) to win a tournament and get sponsered from this positive results. The real pros in this game are those playing cash games for years and winning. Others like tournament players are for the most part lying to themselves into thinking they are pros.
    G Man

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    I have been grinding cash games for 6 years now and have never had a losing year playing poker. Ive nevet worked a "normal job"

    I added blackjack 4 years ago, ventured into hole carding, and more recently been grinding some very good and rare machines. Never a losing year.

    Am i just running good??

  9. #9


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    Quote Originally Posted by blueman View Post
    I have been grinding cash games for 6 years now and have never had a losing year playing poker. Ive nevet worked a "normal job"

    I added blackjack 4 years ago, ventured into hole carding, and more recently been grinding some very good and rare machines. Never a losing year.

    Am i just running good??
    When you say "grinding cash games" do you mean online or in a casino? If in a casino, do you find it reduces heat when playing BJ? How much is it possible to win by just grinding cash poker?

  10. #10


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    Quote Originally Posted by NB10 View Post
    When you say "grinding cash games" do you mean online or in a casino? If in a casino, do you find it reduces heat when playing BJ? How much is it possible to win by just grinding cash poker?
    Live cash games, 2/5, 5/10, sometimes 10/25, no limit hold em as well as PLO.

    I don't think playing poker affects heat, if anything it might add to it.

    Games i play in probably range from 50 to 100$/hour. Im making around $80/hour at poker overall

    BJ im around 300-500/hour

    Machines around 200/hour

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