Poker Strategy Info And Source:
New poker players often ask how many people are making a living playing poker. While answering the question, Poker Pro Phil Galfond also touches on the amount of Poker Millionaires!
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It’s not a career path that Phil Galfond would recommend, but there are still plenty of people playing poker and making a living. At low stakes you have to be better than your competition and increased rake, so rising up through the poker stakes is difficult.
If you are able to rise from the micro stakes to high stakes and are looking at making a million dollars in a year, you are probably one of only twenty to one hundred people doing the same thing. High Stakes poker and becoming a poker millionaire are not regular occurrences for poker players!
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Source: YouTube
Poker as a side hustle is the way to go…
What about moving to Costa Rica to play poker online and live in a cheap apartment near some beach as a 22 year old who has nothing to lose really. Seems like a pretty sick life to me. Wake up, run on a beach, then meditate on a little rock next to some monkeys. Then play poker. And also find like another drafting design/engineering job to do while also playing poker. So splitting my revenue 50/50. Am I cooked rn or is this an actual thing to do that is possible boss galfond?
I agree Phil. I tried to go pro and lasted about 6 months. Grinding 1-2 and 2-5 online to make 50 an hour after rake was just not worth it to me. Now I focus on my construction business, make way more money and not nearly as much stress. Now I play recreationaly and its much more enjoyable. Definitely not for everyone, but if you're young and have the drive, go for it!
Get a trade!
Thanks for being Honest Phil it's, I believe only the top 5% are able to stay over the top and make it big and have a decent living. . . .
I was a pro for a couple years back in 2007-2009 It was way different than today and it was still a grind. People think you just play in a casino or home game a couple hours a week but its not like that at all. Its work. And you have to win a lot to pay for everything and cover losses from getting unlucky or playing bad because you're tired or sick or whatever else. If you bing a large tournament thats one thing but mostly for me it was just grinding 10-12 hr sessions of cash games all the time to cover the mortgage and car payment and food bills
The real problem is that your bankroll and emergency fund is the same thing so when you need a roof on the house or car issues or health issues it all subtracts from your ability to earn more money and makes it hard to get ahead. Its not easy but its a living I'd imagine it gets a lot easier once you're rich but getting there doesn't always happen like you hope
I've tried grinding almost 10 hours daily tournament and satellites during the covid lockdown, by the day 3rd onwards my concentration started going down my liver burned by just sitting there constantly. It's health management