Re: Where is the money coming from in high stakes poker?
 

Just wanted to say this is a great thread, and I'm looking forward to more responses from people. This question has been on my mind as well.

I'm going to buy the book that Alan mentioned.

Re: Where is the money coming from in high stakes poker?
 

I win a bunch in my regular game and then go move up a level and lose at first. Then I go back down and win a bunch and move up and break even. Then I go back down and win and move up and win a little. Then the new higher limit becomes my regular game and I repeat the process.

I am really just a transporter of money from the low-limit fish to the pros, so they don’t have to waste their time.

And every game has people just like me, no matter what level you're talking about.

Re: Where is the money coming from in high stakes poker?
 

And what's really funny is that most of the rich guys dumping thousands in poker games are doing a minute fraction of the damage to their net worth that many of the low and middle limit players do on an ongoing basis. There's the real story.

Re: Where is the money coming from in high stakes poker?
 

I'm surprised that rich people start out at 5/10. It seems like the equivalent of a guy going out and playing his first round of golf at Augusta. I just can't imagine putting $1000 on the line at a game I know I'm severely outmatched. I guess that's just what you do when you're rich.

Re: Where is the money coming from in high stakes poker?
 

Lets not forget the small stakes players who have a huge day in a MTT, sometimes winning well over 10k, then decide, "hey I can afford to play much higher now" and don't realize that they are wrong untill they loose half of it.

Re: Where is the money coming from in high stakes poker?
 

although to most of us low limit players 5/10 seems like high stakes, to a successful businessman that is nothing. my friends uncle has made himself a pretty penny from nothing. he plays poker some and went to vegas last spring. he walked in one night and sat 100/200 and lost and didn't care because he thought it was fun. one bet in that game is my bankroll, lol. but to him it was pocket change for a good time.

Re: Where is the money coming from in high stakes poker?
 

Let's not forget to add the people with gambling addictions who are trying to move up in stakes to recover from their losses quicker.

Re: Where is the money coming from in high stakes poker?
 

I agree, the limit is not an indication of the players ability. And also, everyone gets "stuck" to some degree but I believe that instead of moving up to a higher limit, you should move down until you've recapped you initial investment. That is why "bank roll" management is so important and entering a higher limit should only be entered with an ammout that could reasonably be expected to be won at the next lower limit.

Re: Where is the money coming from in high stakes poker?
 

A guy who makes 100X as much as you in income feels the same way about 100/200 as you feel about 1/2. Losing there affects them financially with about as much impact as I feel if I lose at 1/2.

Greg

Re: Where is the money coming from in high stakes poker?
 

Overestimation.