Notes

How a Philippine Gambler Won $300,000 with Just $60 in Online Baccarat.Do you know the 5 Best Ignition Casino Poker Games?Poker Pros ? How Much Do They REALLY Make?
Online gamblers who play for low stakes don?t usually win much money. This is also true if they only deposit $60.

However, a Philippine gambler recently managed to win $300,000 (15 million Philippine pesos) while playing online baccarat. What?s amazing is that they managed to do that with just $60 (3,000 pesos) in starting funds.

How on earth did they make this much money with such a small deposit!? Is it possible to somehow pull off the same feat?

I?ll answer these questions below while within the story of how this Philippine baccarat player won life-changing money.

How Did This Gambler Win $300k?
The Philippine baccarat player?s story began when they deposited $60 (PHP 3,000) at an online casino. These kind of small deposits happen constantly at gaming sites, but they rarely bring about six-figure wins.

The gambler proceeded to play Evolution Gaming?s Speed Baccarat. This variation works just like any other, with several notable exceptions. Listed below are the details on live Speed Baccarat:

Standard live-dealer baccarat format
8 decks and standard rules
You need to place bets within 10 seconds (rather than the usual 15 seconds)
The normal banker, player, and tie bets can be found.
You may also place the next side bets:
Banker or player pair = 11:1 payout
Either pair = 5:1 payout
Perfect pairs = 25:1 or 200:1 payout (difference depends upon the exact cards in both of your hands)
Banker or player bonus = 30:1 payout
The press release that broke this story is bound on details. Therefore, I don?t know exactly which bets the ball player made to increase their bankroll from $60 to $300k.

My guess, though, is that they started out playing for low stakes and made a few side bets. After getting lucky with side wagers, they began playing for higher stakes. Of course, they also had to see some amazing luck to accomplish this feat.

Player?s Account Is Suspended
The player in question won 5,000x their original stake. Therefore, they immediately drew suspicion from the casino operator.

The house can be used to losing money occasionally to baccarat players. Gamblers have almost a 50% chance of winning money on any single hand.

However, online casinos aren?t used to seeing somebody turn $60 right into a $300,000 windfall. The casino in question shut down the player?s account because of suspicion of cheating.

Baccarat Cards

They wanted to investigate the win before paying out the money. In the end, some gamblers have discovered loopholes that?ve allowed them to cheat gaming sites out of large sums of money.

In less than an hours? time, they completed their investigation, unlocked the account, and approved the winnings. Luckily, the big winner only had to wait a short period of time before having the capacity to cash out.

Strategies for Winning Big in Online Baccarat
It?s not every day that somebody multiplies their online gambling funds by 5,000x without cheating. But you can at least improve your likelihood of winning big similar to the Philippine player with the following advice forplaying real money online baccarat tips.

Have a Bankroll Management Plan
You can?t start out on the road toward serious baccarat winnings without a solid plan in place. Therefore, you should spend time creating a bankroll management plan initially.

Step one in this matter involves figuring out how much money it is possible to reasonably deposit. To do this, you should proceed through your finances and know what you can comfortably afford to lose.

From here, you need to break your bankroll down into units. Doing so makes it easier to manage your baccarat funds.

Here?s an example on doing so:

You determine you can comfortably risk $300 on baccarat.
You normally make $5 bets online.
300 / 5 = 60
You've got a bankroll worth 60 units.
Finally, you should put a stop-loss limit in place. A stop-loss limit identifies a spot where you automatically quit a session predicated on just how many units you?ve lost.

In the example above, you might want to limit you to ultimately losing 15 units. This means that you merely lose 25% of one's bankroll in confirmed session.

By minimizing losses on confirmed day, you won?t be tempted to chase losses and end up losing additional money. Furthermore, you?ll be less likely to go on tilt and make more deposits merely to keep chasing losses.

Bet on the Banker
Baccarat offers three main bets and, sometimes, various side wagers. Luckily, you merely need to focus on one of these bets to utilize perfect strategy.

Wagering on the banker hand to win yields a 1.06% house edge. All you need to do is bet on the banker again and again to attain the optimal 98.94% RTP.

The player hand is another option that provides you a fair chance to win. This bet only posesses 1.24% house advantage, which results in 98.76% RTP.

The truth is, though, you have no reason to go away from the banker bet. It?s easy to make and delivers the highest RTP obtainable in baccarat.

Try the Occasional Side Bet
The details are somewhat limited on just how the Philippine gambler won $300,000. Again, though, I?m sure they made a few risky side wagers on the way.

Normally, I don?t recommend baccarat side bets. Many of these propositions carry high house edges and need you to assume more risk.

However, the casual side bet isn?t so very bad?especially when you?re attempting to win serious money. You might get lucky with a few of these wagers, net large payouts, and finally be able to play for higher stakes.

Take Advantage of Bonuses
One great thing about playing online baccarat is you could look forward to deposit bonuses. Many gaming sites offer these bonuses as a way to entice you into depositing.

These deals give you a chance to win a match percentage of your deposit amount. For instance, a bonus might provide a 100% match on your own deposit worth up to $500.

Winning Money

You need to fulfill the conditions and terms on these deals. However they?re definitely worth going after if you?ll be playing internet baccarat anyways.

You can also collect VIP rewards at gaming sites. Nearly every online casino supplies a loyalty program that rewards you for the bets.

Realize That You?re Playing a poor Expectation Game
Baccarat offers a number of the highest RTP in the casino so long as you stick with the right bets. Nevertheless, it?s still a negative expectation game.

Theoretically, every $100 that you risk on the banker hand results in a $1.06 loss. You?ll need some luck to win profits as time passes with this game.

The expected losses only increase when you start getting into side bets. That is unfortunate when considering that you need to win some risky side bets as a way to earn big profits.

I?m not likely to lie: your chances of winning $300,000 after starting out with only $60 aren?t great. The lucky Philippine gambler has lived out magic in accomplishing this feat.

But there is nothing stopping lightning from striking twice. You can theoretically end up being the second online baccarat player to call home out this fantasy.

The tips presented above will provide you with a better shot at winning big through this game. Assuming you properly manage your bankroll, bet on the banker, and take occasional risks on side wagers, you then have a stronger shot at winning.

More likely than not, you won?t book a $300k win from a tiny deposit. However, you might win a significant amount of cash at some point if you keep trying.THINKING ABOUT Play Ignition Casino Poker Games?
The great game selection is just one reason you need to choose Ignition Casino for several of your poker needs. Members can enjoy a great deal of other benefits, as well.

Ignition is a safe gambling site, so members can wager without worrying about their personal information being stolen. The casino also has an intuitive user interface that is very easy to use. The very best parts of Ignition, though, are its bonuses and poker tournaments.

Ignition Casino Poker Bonuses
One of the biggest benefits of gambling online may be the wide selection of promotions. Members of Ignition can take benefit of great bonus options, including a welcome bonus worth up to $3,000.

This welcome bonus is split between your casino and the poker room. That means you may use $1,500 of one's bonus funds on RNG poker titles, and the other $1,500 competing against other players.

The bonuses usually do not stop there, either. Ignition includes a well-rounded rewards program which has tons of advantageous bonuses. A few of the prizes available in the Ignition Rewards program include:

Exclusive cryptocurrency payment methods
Cash prizes
Weekly freeroll tournaments
The more reward points you win, the simpler it is to redeem them for special prizes. Your membership level is based on your lifetime points. This implies it is possible to spend your points but still be able to progress to new tiers once the time comes.

Poker Tournaments
Another reason that poker players will enjoy playing at Ignition may be the wide variety of tournament options. You can find regularly-scheduled events that take place every week. Also, you can find special events throughout the year that you will not need to miss.

Some of the tournaments that members of Ignition can compete in include:

$2,500 weekly poker freerolls
Black Diamond Poker Open
Knockout tournaments
Weekly crypto depositor?s freerolls
Jackpot Sit & Go tournaments
Many of the tournaments at Ignition offer guaranteed prize pools, too. In June, for instance, the casino is offering a progressive knockout poker event that spans the whole month. The prize pool for the tournament is $4.5 million and there are over 100 events scheduled every day.

Ignition Rewards members will love the tournaments aswell. You can find multiple weekly freeroll events available exclusively to reward members of varying levels. This is usually a great way to compete keenly against players of similar skill levels without risking all of your bankroll.

Best Poker Games at Ignition Casino
I could do not delay - on about the great things about playing Ignition Casino poker games. But the best way to understand about the benefits of this poker room is by using it yourself. With that in mind, listed below are my picks for the five best poker games offered by this casino.

Pai Gow Poker
It’s likely that that you have heard of Pai Gow, nevertheless, you may not experienced the opportunity to play it. This poker game is based off of the ancient Chinse game of the same name.

The purpose of Pai Gow Poker would be to create two poker hands that beat the dealer?s respective hands. Players receive seven cards and must split them into a five-card hand and a two-card hand. Being an added twist, your five-card hand must be better than your two-card hand.

This poker game is extremely popular in other areas of the world and contains made its solution to the US. I particularly just like the Pai Gow Poker game at Ignition since it has a great user interface. There are also tips throughout the game so it's easy for new players to learn.

Caribbean Stud Poker
Another great option for playing poker at Ignition Casino is Caribbean Stud Poker. Much like Pai Gow Poker, this poker game is a one-on-one showdown with the dealer.

In Caribbean Stud Poker, the target is to have a higher five-card hand compared to the dealer. You merely get one group of cards, and you need to raise your bet once to stay in the hand. The overall game itself is easy to understand and, with the proper strategy, you can be beating the dealer very quickly.

The version offered by Ignition, though, offers players an opportunity to win a lot more money. There exists a progressive jackpot that players pays into every hand. To win the main prize, all you have to to accomplish is beat the dealer with a Flush or better.

Texas Hold?em
Ignition didn't become one of many top internet poker rooms just by having great RNG poker titles. Players can also test their skills against members from across the globe in live poker games. One of the best options for this is the live real-money Texas Hold?em games.

Texas Hold?em is one, if not the, most popular poker game on the globe. It is possible to access live games 24/7 at Ignition. You can find both tournament and non-tournament games available around the clock.

Among the finest parts of playing non-tournament games is that players have the opportunity to win bonus prizes. The Bad Beat Bonus and Royal Flush Bonus are only available in non-tournament Texas Hold?em cash games. These bonuses reward players with rollover-free poker cash prizes.

Omaha Poker Hi/Lo
Omaha Hi/Lo is among the fastest-growing poker games on the planet. It really is even featured regularly on earth Series of Poker and other major tournaments.

You can start to hone your Omaha Poker skills by playing at Ignition. There are plenty of live tables available. If you are not used to playing Omaha Poker, that is okay because the poker room includes a great help section.

One of the numerous pages in Ignition?s help section concerns the guidelines of Omaha Poker. This guide can be a great tool for players who are still learning how exactly to play the game.

Zone Poker
Last but certainly not least, I would suggest playing Zone Poker. This special design of poker is made for players who want to maximize the quantity of hands they are able to play.

With zone poker, you do not stay at one table. Instead, you proceed to a new table immediately after your present hand ends. In the event that you fold after receiving your hole cards, for example, you will instantly visit a new table with new cards.

This form of play is very fast-paced and I would not recommend it to new players. But also for experienced players, there is absolutely no better way to maximize your profit ceiling than by playing zone poker. You can also take it to a fresh level by playing at two zone tables simultaneously.

Tips for Playing INTERNET POKER at Ignition Casino
As you can see, there are several reasons to play at ignition, including a great selection of poker games. Here are three tips to help you get started playing poker as of this online poker room.

Take Advantage of Bonuses
Online poker is a ton of fun, and it can be a lot more fun invest the advantage of the right bonuses. Ignition?s bonus offers certainly are a great way to boost your bankroll. The additional money you should play with, the more hands you ultimately reach play.

Try Free Games First
Ignition has a fantastic selection of online casino games, including poker. But it also allows players to play a few of its games in a free-play or demo mode.

This option lets you test poker games before committing your bankroll to them. It is also a good feature to use to be able to test a fresh poker strategy.

Use Your Rewards Points
Another important tip when playing at Ignition is to use your reward points. You'll earn points for every game that you play based on the rake, fees, or buy-in amount. Redeeming these rewards will help you fund your bankroll, participate in tournaments, and more.

Which Ignition Casino Poker Games Will You Play?
Ignition Casino is one of the best choices for playing online poker in 2023. The poker room has everything a new player could want, including bonuses, tournaments, and, needless to say, a great collection of poker games. The list above contains my pick for the five best poker games at Ignition.Poker is one of the fastest growing crazes in the gaming market today. It was previously a game that was just enjoyed by friends in a backroom or unbeknownst to many of the world at night corners of casinos and card rooms. Thanks to the internet, TV, and the media, this all has changed. The game has exploded over the past 10-15 years with thousands and thousands of new players flocking to the game for his or her chance at fame, fortune, and the glory. This influx of new players has led to cash games exploding in proportions and stakes and tournament prize pools hitting limits never conceived before. Basically, you will find a TON of money in the market now up for grabs on a daily basis. This money has to go somewhere and to someone.

For those not mixed up in poker industry, the professional player?s life is glorified. People suppose everyone who is a specialist makes huge amount of money, lives in a mansion, and takes showers in money 3 x each day. TV and media outlets boast concerning the money that players make and accompany those stories with pictures of lavish lifestyles. But is this perception true? Just how much are these professional players actually making? The short email address details are no this perception is not true, plus they are not making nearly up to you may think they're. As a specialist player myself, I?d prefer to walk you through a few of the misconceptions and pull back the curtain on how much players are making and everything you can and will?t believe.

IT HAS to be Said First
Before we go any further, we want to ensure that you point this out. There are a great number of players making a lot of money playing poker professionally. This short article is going to point out lots of reasons that the perception that everyone is crushing the world is incorrect and the way the numbers are increasingly being fudged. Before we do that, though, you want to be certain that we point out there are players that are making untold thousands of dollars playing poker and may actually be taking baths in money. Hopefully, for sanitary reasons, they aren?t actually doing this, but you want to point out that they are fully with the capacity of it if they really wanted to.

Profit vs. Winnings
This is most likely the biggest misconception and biggest misleading statistic that's used to gauge just how much poker players are in fact making. This misconception pertains specifically to tournament poker players. Most tournament players will announce their success regarding their winnings. Most media outlets and TV programs may also announce a player?s success regarding their winnings. That you understand why this is the problem, we must define winnings and profit.

Winnings are the total amount that the casino has paid a player from the tournament wins.
Profit is the total amount that the casino has paid a new player our on their tournament wins Without the amount that they have spent on buy-ins.
It?s also vital that you explain that profit is a far more accurate number when it is when it comes to long-term profit, not only profit for that one tournament. Let?s walk you through an example of a tournament player?s financial numbers and look at presenting the info in three ways ? as winnings, as profit, so when long-term profit. This should make everything superior.

Example
John Doe is a professional poker player who plans to play in five tournaments in jan. Listed below are the five tournaments:

Tournament 1 -$10,000 Buy-in
Tournament 2 -$10,000 Buy-in
Tournament 3 -$5,000 Buy-in
Tournament 4 -$10,000 Buy-in
Tournament 5 -$10,000 Buy-in
John ends up losing in the first four tournaments rather than making the amount of money but cashes in the fifth tournament for $38,000. Here is that data presented in the three manners we discussed. (Yes, a month isn?t technically long-term regarding poker, but will still work to prove this point).

John Doe?s Winnings are $38,000 for jan. Wow, John should be an incredible player.
SOMEONE IN PARTICULAR?s profit on his last tournament was $28,000 ($38,000 payout minus $10,000 buy in). Wow, John made almost $30k; he must be really good.
John Doe?s long-term profit for January is ($7,000). John lost $7k in the month of January. He must not be that great of a player.
As you can plainly see, how a tournament players results are represented makes a HUGE impact on how they are perceived. In this example, John is really a losing player and is either having a bad month or is not that great of a new player. Typically, you'll never look at this small of a sample size for long-term results, but you can imagine this same example extrapolated out over a year or perhaps a higher sample size of tournaments.

The first method of reporting results is how all TV and media sources and a lot of players report their results. TV and media do this because it looks a whole lot cooler and is much more desirable to a viewer. Some players do this because they think it creates them look cooler aswell and also hides if they are more of a gambling problem than an unsuccessful player. The rest of the players find yourself classifying their results exactly the same way because it is just about the industry standard. It has only end up being the industry standard since it makes players look more profitable and successful than they actually are. It is, actually, the least correct and least accurate method of reporting poker success.

Accountability
The second cause for incorrect perceptions of how successful poker players are financially is a lack of accountability. In the event that you ask a basketball player how successful they are, they can?t lie should they play within an established league as statistics are taken.

For tournament poker players, statistics are taken and recorded, but as we discussed earlier, they're usually skewed and frequently completely inaccurate.
This becomes a whole lot worse of a problem for cash game players because there are no stats to work off of. The only way it is possible to tell how well a cash game player does is by either stalking them 24/7 (which is near impossible) or taking their word for how they are doing.

This wouldn?t really be considered a problem except these numbers are hardly ever accurate. Frankly, their numbers are often not even close to correct. Let?s have a look at why these numbers are not going to be correct.

Players keep terrible records or no records at all I?d venture to state that a very large amount of players that claim to be winners (that are not) actually believe they are winning players. This isn?t because they are clinically insane or delusional, but merely because they haven't any actual notion of how well or how poorly they are doing in poker. People, in general, have selective memories and have a tendency to only remember their good sessions when they want to reflect on good results and tend only to remember their bad sessions when they want to reflect on being unlucky. Not to mention, most professional players play hundreds of sessions a month and tons of tournaments. Regardless of how good your memory is, you won?t have the ability to remember all of your sessions and properly calculate and analyze your win rates.

Some players do try to keep some records of these sessions. Some of these players can keep good records, but also for the most part, the records are not well kept and also have a tendency to omit forgotten sessions by accident. Incomplete records are simply as bad, or even worse than no records at all.

Players prefer to feel cool No-one likes feeling such as a loser. This couldn?t be truer than it is in the poker world. It?s a world glamourized by money and your status in the market is almost completely based on how much money you are making. There are a great number of similarities with other industries like sales and investment banking. These industries also pick their winners and losers based on how much money they're making. This social pressure pushes lots of players to lie about how exactly much they are making or losing because they don?t desire to feel outside the circle. ?All the cool kids are winning, and when you intend to be cool, you need to be winning too.? That is sadly the motto of an industry that needs possible check and a mirror more than anything.

Protect future backing deals There?s a process in poker called backing that people will discuss in greater detail later because it pertains heavily to how much players are actually profiting. For the present time, the short definition of backing is when someone else puts up money or area of the money for a new player to play in a tournament or cash game in return for a percentage of the gains. These deals allow players to play in bigger games and bigger tournaments than their current bankroll would properly enable much less risk.

These kinds of deals aren?t directed at every player, but much like any investment, they're directed at the players that others think will undoubtedly be profitable. What we mean is that nobody will back a new player unless they think they stand an excellent possiblity to win and make them some money. For this reason, you can see why it really is so very important to struggling players to really have the remaining industry think they're winners.

If the entire industry thinks a player is terrible, they will never receive any backing deals unless they have them from someone beyond your industry or somebody who is not doing their homework.
This can entice many players to lie about their results and try and make themselves look a lot more profitable and successful than they actually are.

Incorrect metrics As smart as some poker players are, that one is still a bit surprising to us. Sometimes poker players use incorrect metrics either out of ignorance or deliberately to misrepresent their success. For instance, in case a player told you that they won nine out of their last ten cash game sessions, would you think that player is really a winning player? If you answered yes or no, you are incorrect. What they forgot to say was they made $20 in each of their winning sessions and lost $800 in the main one losing session. We're able to provide you with a million types of this, but the bottom line here is you need to have complete information, it should be accurate, and most importantly it must be the correct metrics. Without these three you're actually just getting worthless information and an inaccurate picture of how successful a poker player is really.

Bank Roll vs. Life Roll
One of the reasons that the majority of people believe that poker players are rolling in the dough is that they see them a lot with tons of cash on them. We are able to definitely see how this is logical, but it still paints an incorrect picture of the situation. Here?s why. Poker players need a massive amount cash to play the games they play. That is referred to as a bankroll. The amount of money you see on the table should only be considered a fraction of the money that the ball player has set aside to play with. The reason being poker is really a long-term game and you will have swings along that they have to have the ability to withstand. Also, the reason why we say that it should be a fraction is that sometimes poker players are really reckless and can play in games which are too big for their bankroll. For example, in case a poker player is playing 2-5 No Limit Hold?em full ring, they're recommended to have on average about 40 times the buy-in reserve in money that's ONLY for poker. This implies about $20,000 that should be dedicated for using and cannot be useful for life purchases.

A lot of times players will flaunt this bankroll when it's money they, actually, can?t spend if they're playing intelligently. Deviating out of this plan can lead to the ball player going on a bad run and finding yourself bankrupt or busto. At this stage, they will be out of money and also have to try and look for a backing deal or start selling their body on the corner. Ok, maybe that?s extreme, however they will have to take action.

The point here's that a lot of the money that poker players have has to be separated from their living money, that is known sometimes as their life roll. As with a small business, the bankroll serves as operating capital which has to stay in the business enterprise for it to operate properly. Because of this if the player is a 2/5 grinder and has $21,000 with their name, they really only have $1000 of money that they can buy things with should they desire to stay within smart bankroll rules. Technically the money is still theirs, nonetheless it?s similar to a non-liquid asset that can only be liquidated if they quit their job.

Society?s Fault
We?ve been pretty harsh on poker players so far on this page, and that?s not really fair. We really are only talking about some of the players that misrepresent how successful they are. Generally, these players are heavily motivated by society to fabricate their successes. Let?s talk about how normal interactions go between professional poker players and ?other folks.? This will make it real clear in which a lot of the pressure is via.

The first time you meet someone and they hear that you play poker professionally, they immediately start requesting questions. Are you on TV? Do you travel a lot? It doesn't matter how successful of a new player you're, you usually answer yes to a lot of these questions. The individual you are talking with immediately starts building their very own image of you, and they?re such as a speeding freight train of excitement about any of it. The further along their mental image goes, the harder it is to stop and correct them on the realities of what it really is like in your world. The best analogy we can think of is trying to tell an imaginative kid that they need to slow down. Sometimes it?s easier or less exhausting just to let their imaginations run.

People also want to ask you how much money you make. Frankly, that is probably a little rude and out of line but not surprising in today?s world. You?d never ask anyone in any other profession how much they make so why is it suddenly acceptable in the poker world?
Regardless of that, most players aren?t going to want to just shout out to the world exactly how much they make, but they also don?t desire to sound like they?re terrible. The normal response we hear is, ?I do pretty well.?

This is the completely reasonable response and a great way to deflect the question while still preserving that you will be successful. The thing is that whenever the imaginative ?children? that ask this question hear this, they automatically just insert their own number and address it like it is really a fact. Spoiler, that number usually includes a large amount of unnecessary and incorrect zeros after it. As they don?t vocalize their prediction, this incorrect image never gets corrected, and the falsities perpetuate on and on.

It?s important to point out that no-one is really responsible here. The players are just trying to get through the questions they get asked a million times each day without having to get involved in intensive, detail-rich discussions. The other folks, though inappropriate sometimes, are simply excited and think it?s awesome to meet someone in such an odd and alluring profession.

Backing
We touched with this topic earlier, but we wanted to go just a little deeper into how this may affect actual profitability and if that is important to you or not. Let?s look at another scenario and we shall ask you two questions (that are needless to say trick questions again.)

John Doe is a poker player. Mr. Doe plays in five poker tournaments.

Tournament 1 -$10,000 Buy-in
Tournament 2 -$10,000 Buy-in
Tournament 3 -$5,000 Buy-in
Tournament 4 -$10,000 Buy-in
Tournament 5 -$10,000 Buy-in
John does terribly in the initial four, but does really well in the fifth tournament and cashes for $150,000. Now for the two trick, we mean, regular questions.

Is John profitable?
Did John make a lot more than $100k in these five tournaments?
The answer to the first question is yes, John was profitable for these tournaments. The answer to the second question is where the trick comes in. It might seem that John mad $150k minus $45k for the buy-ins for a profit of $105k. The thing is we forgot to say (or you forgot to ask) if John had 100% of his action in these tournaments. John actually had a financial backer that has been paying his buy-ins in return for 50% of his profit.

If that?s the case, then John made $150k on the fifth tournament minus $10k for the buy-in which equals $140k. Divide that in two, and you get that John made $70k, right? Nearly. Typically, within an arrangement like this, there will be something called makeup that John is responsible for before collecting any profits. If John were to play all five tournaments and lose and his backer decided he was finished with John, John would owe the backer $0. The backer assumes the chance which is one of many big perks for John to accept this deal. However, if the backer decides to keep backing John, then John must first pay back previous losses before collecting on profit.

So, in the above example, John played $35k in tournaments before tournament five. You'll say that John was $35k in makeup. When John starts the fifth tournament, the $10k buy-in is added to his makeup, in fact it is now at $45k. Which means that the first $45k that's won goes directly to the backer to cover the makeup. The remaining profit is split 50/50.

Inside our above example, John reaches $45k in makeup as the fifth tournament begins (this consists of the buy-in for the fifth tournament). John cashes for $150k. So $150k minus the $45k in makeup leaves $105k. Divide this in half, and you also get $52,500 that is the profit that John takes home for the month. As you can plainly see, this is still a great payday however, not the six-figures that you might have originally thought he had made. This data is normally never made public anywhere and will only be obtained once you learn the ball player or the backer and they decide to share that information with you.

What?s important to note here is that this shouldn?t matter for anyone who is trying to determine if a player is a winning player or not. Regardless of how much of their winnings they?ve given away to investors, they still profited $105k on the month as a new player.

Travel and the Lifestyle
Something that is frequently forgotten as well is the cost to do business as a poker player. Tournament players often are required to travel extensively to play in tournaments. Let?s look at a quick example again to show you what we mean. We will use our good friend Mr. Doe again.

John is playing in a $5,000 buy-in tournament.
John cashes and is paid out $8,000 for his efforts.
John does not have any backer and 100% of himself.
John profits $3,000, right?
As you expected, the solution here is a big no. We forgot to mention that the tournament was in Atlantic City and John lives in Atlanta. John had to pay $400 for flight, $175 a night for a hotel in the casino, and then had to buy his meals at the casino which was another $60 each day. The tournament lasted five days. John also had to pay $150 to change his flight because he was successful in the tournament. His charges for the trip were:

$400 ? Flight
$175 x 5 = $875 Hotel
$60 x 5 = $300 Food
$150 = Flight Change Fee
$80 = Transportation to and from the airport
Total Costs = $1,805
As you can plainly see, Johns profit with this tournament is not $3,000, but is in fact $3,000 minus $1,805 which equals $1,195. Still a profitable trip but less than we had originally thought John made. Imagine as well if John plays a lot of tournaments and loses. Not merely is he accumulating lost wages from his buy-ins, but he could be also accumulating losses from the expenses he is forced to fork out to travel to where in fact the tournaments and action are.

This is simply not uncommon and again, not reported anywhere or calculated in once the media or TV are depicting the financial success of players.

Best Metrics to utilize
So we?ve all come to terms with the point that what we thought we knew about the success of poker players is not quite so. For some players, they do ball out of control and take their cash baths. In most of successful players, it?s a much more normalized income that at times is on par with plenty of other ?normal? professions. Just what exactly do we do if we want to know exactly how much a specialist poker player is making?

First, find out if this is any of your business. In the event that you?re just being nosy, we recommend not being too aggressive or invasive looking up this data. This might be the exact same as someone trying to figure out how much money you make at your job. Now, you can find situations where you may need/want to determine this information. In the event that you?re looking to back a new player, you?re likely to want to have a complete picture of these success in the poker world. If you are seeking to take advice or coaching from a professional player, I think it?s a lot more than ok to research if they are actually successful and worthwhile to take advice from.

After you find out that you want to get this data, you should do your best to obtain just as much data from other sources as you possibly can. If they are a tournament player, there are a lot of online sites that track winnings. Remember, WINNINGS. Don?t forget that does not are the losses in tournaments they did not cash in. The most inclusive websites that people have found to utilize for live tournaments may be the Hendon Mob Database.

http://www.thehendonmob.com/

Should they?re an online player, cash or tournaments, there are various tracking websites which are great to get actual profit results. Seek out several sites to corroborate each other as sometimes the numbers could be off a little at a particular site. If the player is really a live cash player, there are likely to be no records as to how that player is doing or has done in the past. The best that you can do it find out where they regularly play and have any friends there if they see this player winning or losing a whole lot. Again, that is extremely definately not accurate, nonetheless it?s the best you?re going to be able to do for the reason that situation.

If your last ditch effort would be to listen to the stats that the ball player gives you from their own records, do your best to ask the right questions and appearance at the outcomes with a skeptic?s eye.

If the results seem too good to be true, they probably are.
The easiest method to test the validity of this is to start to see the actual records and see how in depth they're. A new player who just has a win or loss number for the year is much less likely to have an accurate or truthful number. If the player offers you a spreadsheet with a huge selection of sessions logged out, it?s probably more likely that these numbers are accurate. Again, all of this can easily be fabricated, but this can be a best you can do in some situations. It all just depends on the purpose of your inquiry and how much you are ethically able to pry. If you?re looking to back or invest, you get a crowbar. If you?re curious, do it from afar with binoculars.

The Wrap-Up
The bottom line here is that poker players do pretty well for themselves, but usually not in addition to TV, the media, or perhaps a lot of players might like that you should believe. You may still find a lot of poker rockstars which are making the big bucks that this article will not connect with at all. Generally, though, professional poker players make less than you almost certainly imagined they did. There are also A TON more folks that are claiming to be professional poker players today than there have been 10 years ago. Back in your day if someone said they were a professional, they could already be looked at somewhat vetted as being successful. Today, anyone and everyone claims they're a professional player. The term is incredibly diluted and doesn?t carry anywhere near the weight that it used to. That being said, exactly like any profession, you can find people that make hardly any, and there are individuals who make heaps. You might never know when talking to a player, but at least you will be more informed now and also dig through their claims with a little more knowledge.
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