Nathan Williams, also known as BlackRain79, sheds light on the earnings distribution among poker players, revealing that most winners earn modestly and the path to significant earnings is not the norm.
BlackRain79: BlackRain79, whose real name is Nathan Williams, is a professional poker player who has made a name for himself through online poker. Starting with only $60 in micro stakes games back in 2004, Nathan faced skepticism but persevered and by 2007 had built a five-figure bankroll, allowing him to leave his job and play poker full-time. He is known for creating some of the highest winnings in online poker history at the small and mid stakes. Nathan is also a three-time best-selling poker author and has been traveling the world for over a decade, leveraging the financial freedom he gained from poker. He now dedicates part of his time to teaching others how to achieve success in poker, offering strategies and tips through his books, online courses, and videos on his YouTube channel, BlackRain79Poker.
Poker Earnings Tiers: Understand that the majority of winning poker players are small winners, earning between $200 and $1,000 monthly, while only about 1% to 2% earn between $3,000 and $10,000, which may allow for professional play.
Poker Player Earnings: Highlights the distribution of poker player earnings, noting that the majority of winning players earn modest amounts and only about 1% or 2% earn enough to consider playing poker professionally or semi-professionally.
Earnings Threshold for Professional Play: Details the earnings range, typically between $3,000 and $10,000 a month, where players might start to think about quitting their job and pursuing poker more seriously.
Top Poker Earnings: Mentions that less than 1% of players make significant money from poker, ranging from $10,000 to $100,000 a month, indicating the rarity and success of high-earning poker professionals.
This article is a summary of the video The Sad Truth of Poker (Most Lose) by BlackRain79Poker published on October 05, 2023 at 13:00:11.
Q: What are the characteristics of small winning poker players? A: Small winning poker players typically earn between $200 and $1,000 a month, which is not enough to significantly alter their lifestyle or allow them to quit their jobs.
Q: How much do the top 1% to 2% of poker players earn? A: The top 1% to 2% of poker players earn significant amounts ranging from $3,000 to $10,000 a month, which might allow them to consider going pro or becoming semi-professionals.
Q: How rare is it to earn a significant income from poker? A: It's extremely rare, with less than 1% of players earning between $10,000 and $100,000 a month, which is considered significant income in poker.
Q: What income level is required for a poker player to think about quitting their job? A: Poker players who earn between $3,000 and $10,000 a month may start to consider quitting their job to go pro or to supplement their income significantly.
Q: Is poker a viable option for a full-time career? A: For the majority of players, poker is not a viable option for a full-time career due to the small margins of winning. However, for a very select few (1% to 2%), it might be possible to turn it into a career.