If you’re considering becoming a professional poker player or are just love watching pros win stacks of cash, let Daniel Negreanu give you a reality check.
The legendary poker pro wrote a year-end blog with his results from 2017, revealing he had won over $2.7 million last year. That seems like a ton of money, right?
Not quite, per Negreanu:
- Daniel Negreanu Net Worth: Poker Tournaments = $20 million The figure quoted above is a lot less than other figures quoted for Daniel Negreanu’s net worth. They see his total tournament earnings, they add a few million for his other endeavors and they arrive at a figure that seems unrealistic.
- Daniel Negreanu (/ n ɪ ˈ ɡ r ɑː n oʊ /; born July 26, 1974) is a Canadian professional poker player who has won six World Series of Poker (WSOP) bracelets and two World Poker Tour (WPT) championship titles. The independent poker ranking service Global Poker Index recognized Negreanu as the best poker player of the decade in 2014.
Daniel Negreanu continued to develop his skills and win at poker tables. His successes at the table grew steadily and this had contributed to Daniel Negreanu net worth over the years. In 2003, he participated in another World Series of Poker and won another bracelet, making two bracelets he had won so far up till 2003. Doug Polk vs Daniel Negreanu After beefing for years, Doug and Daniel squared off at $200/$400 on WSOP.com for 25,000 hands. The challenge was streamed live session on Doug's YouTube channel and Upswing Poker's Twitch channel.
Well, the truth is, if a player plays the full high roller schedule and cashes for $2 million, they are all but certain to have had a losing year, and that’s before expenses.
I felt like I had a decent year in terms of results, but when you break down the numbers into an actual profit vs loss, I essentially broke even!
Buyins: $2,874,164
Payouts:$2,792,104
Profit: -$86,140
Payouts:$2,792,104
Profit: -$86,140
Crazy, right? His $2.7 million didn’t even cover all of his buy-ins into events. Although he said most players don’t fund everything by themselves, he does pay his own way into events despite sponsorship deals.
Negreanu also broke down how he did this year in terms of cashing out in tournaments: He said he played in 71 events and cashed out in JUST 21 OF THEM! The previous year he went 10-for-49 and 11-for-49 in 2015. Yet when he tallied up his five-year total, he went 68-for-291 and made an $8 million-plus profit.
What does all that mean? If you can stomach all the losses and balance them with occasionally cashing in, all while affording the expenses, you could be a pro.
Daniel Negreanu Total Poker Winnings
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