Do most top name pros pay full tourney entries?

[PokerPaul]

...or are many of them backed?

just looking at nexts years WSOP schedule, one would have to put up alot of $$ to enter all the events. Even if you were to just limit yourself to only holdem events, thats quite a big outlay, even for most pros.

I met an individual at the tunica classic in the summer, and he was playing in his first big tounrney at the time. He didnt seem to have much experience, nor did he cash in at that event, yet he had a full backer.

If he could sell himself to someone, i'm sure well known names could do it easily.

How can one go about finding a sugardaddy?

[B1GF1SHY]

Why would well known names even want to sell themselves? They all have the cash to enter the events and they have a good shot at winning some big money so selling themselves would just be giving a great deal to the backer. I doubt a player like John Juanda will be selling himself to anyone, that guy's a beast in tournament play.

[ricdaman]

What exactly do you mean by a full backer?

There are two ways people can enter tourneys for free or nearly free who seem to be fully backed.

(1) They enter an online sattelite. These people are usually required to wear that online site's clothing such as shirt, jacket, hat, etc. This may appear to be fully backed, but not actually.

(2) Sponsorship. As with any sport, you can get sponsored. Who would sponsor you? In most cases, it's the company the person works for. The company will often have a sort of free-roll satelite, and the winner will get to go to the tournament for free. Of course, he or she will wear that company's clothing (for advertising purposes). The person working for the company is not a professional poker player, but a professional (whatever his/her job is).

[Big Country]

I for one have heard that TJ Cloutier has a full backer (or at least did for an extended period of time). The guy pays all tourney entries and travel expenses, and they have some sort of deal worked out for the money wins.

Good deal as you have zero risk as there is zero outlay of cost on you.

Obviously TJ has proven himself over time to be a profitable investment for this type of venture, but i would dare say that several other pros may have similar deals setup to help minimize the risk they must assume.

[jakethebake]

For some reason the figure $400K sticks in my head (from McEvoy's tournament book?) for tournament entries annually. Does that sound right?

[Bremen]

[ QUOTE ]
I for one have heard that TJ Cloutier has a full backer

[/ QUOTE ]
Sadly this is not to minimize risk. Rather TJ is broke and cannot afford to enter tournaments on his own.

[ed8383]

[ QUOTE ]

Sadly this is not to minimize risk. Rather TJ is broke and cannot afford to enter tournaments on his own.

[/ QUOTE ]
and your proof to back this up is?

[BlackAces]

[ QUOTE ]
For some reason the figure $400K sticks in my head (from McEvoy's tournament book?) for tournament entries annually. Does that sound right?

[/ QUOTE ]
I think that's what Daniel Negreanu said he paid out in expenses this year.

[Duke]

[ QUOTE ]
Why would well known names even want to sell themselves? They all have the cash to enter the events

[/ QUOTE ]

Well now we all know that you know nothing. How about you figure that out and you'll be on the path to wisdom.

~D

[PokerPaul]

yes daniel N said that on toronto TV last week.

He of course had millions so he has nothing to worry about.

Many pros however, even very well known ones, do not make 400k a year though, yet quite a few seem to be in all the tourneys.

[A_C_Slater]

[ QUOTE ]
...or are many of them backed?

just looking at nexts years WSOP schedule, one would have to put up alot of $$ to enter all the events. Even if you were to just limit yourself to only holdem events, thats quite a big outlay, even for most pros.

I met an individual at the tunica classic in the summer, and he was playing in his first big tounrney at the time. He didnt seem to have much experience, nor did he cash in at that event, yet he had a full backer.

If he could sell himself to someone, i'm sure well known names could do it easily.

How can one go about finding a sugardaddy?

[/ QUOTE ]

I'll be your sugar daddy.

Stop by my place and we can work on the "arrangments" /images/graemlins/wink.gif

[B1GF1SHY]

If they're good players they have the cash, if they suck they don't. If all they play is tournaments then because the variance is so high some of them might not, but I'm sure top cash game players who also play tournaments have the money.

[jomatty]

the idea that if they are good players they have the cash is absurd. Stu Ungar was a good tournament player and he managed to get himself broke a lot of the time. There are many similar examples. Just because you are a good poker player does not mean that you manage your money well or dont have huge gambling or drug leaks, to name a few.
matty

[PITTM]

i have heard this many many times too. supposedly a craps addiction is involved.

rj

[dogmeat]

A very large percentage of the well-known pros have backers. For the past 25-years it has been standard practice for players to be backed at the larger tournaments, and with the proliferation of poker the last few years I am sure that the percentage is even higher now.

A business person opens a business and does well enough to consider expanding to two stores. He takes a partner and does just that. The following year the partners want to expand to five stores so they take-on additional backers. Happens everyday - in business, as well as in poker.

Dogmeat /images/graemlins/spade.gif

[B1GF1SHY]

So players like Ted Forrest, Joe Awada, Daniel Negreanu, John Juanda, Paul Phillips, and Doyle Brunson all have backers? Wow, I'm learning something new everyday, thanks guys!

[JohnG]

[ QUOTE ]
but I'm sure top cash game players who also play tournaments have the money.

[/ QUOTE ]

The top cash game players who also play tournaments will have the money, but most of the well known tournament players are not top cash game players.

[JohnG]

[ QUOTE ]
So players like Ted Forrest, Daniel Negreanu

[/ QUOTE ]

I am sure these 2 have been backed at some point in the last few years. As have the likes of Hellmuth, TJ, Scotty etc.

[B1GF1SHY]

Stu Ungar used drugs, was backed by the mob, and was addicted to any type of gambling, he can't be used as a general example. The title of this thread was 'most' top name pros, not all of them, and current ones too. Not sure if I can really picture Howard Lederer and John Juanda snorting it up in their hotel room and going to blow a ton of money on horse races in their spare time.

[bigfishead]

In regards to TJ, it is a well known fact he has a Craps jones real bad. More than once has he won big in an event and lost a very large % at the craps table. I have personally witnessed it. His name was even used as an example once when someone was speaking to Gary Loveman, CEO of Harrahs Entertainment in reference to the "side benefits" of major poker tournaments not always noticed by casino personel.

[Duke]

Nope. Some of them do.

You'd be shocked at hearing who is bust, but it's not my place to spread rumors. If he feels like it, I'm sure that Paul Phillips can vaguely confirm this as well. Maybe you'll listen to him. I know for a fact that Paul has played some of the bigger side games too, and is "in the know" about the players involved at that level - some of whom are bust/nearly bust.

~D

[Duke]

[ QUOTE ]
So players like Ted Forrest, Joe Awada, Daniel Negreanu, John Juanda, Paul Phillips, and Doyle Brunson all have backers? Wow, I'm learning something new everyday, thanks guys!

[/ QUOTE ]

At least one name on your list was bust. Not currently, I don't think, but within the last few years.

~D

[brandon]

Negreanu has said he has been broke more than once in his professional career.