Video - Who Makes Money From Professional Poker

Anthony Martino

4 of a Kind
Joined
Sep 26, 2015
Messages
7,279
Reaction score
11,723
Location
Tampa, FL
Lol, what an absolute turd sandwich of a fluff piece this is. It focuses completely on poker tournaments and staking, and comes across more as a free ad for the various staking sites. It presents everything with rose colored glasses, like poker staking for tournaments is just winning all the time for the investor and the player.

They make sure to show Jeff Gross winning online with Aces full and quad 10's because you know, that's just the way it is when you're a staked professional player.

And then this Lisa Costello chick they interview is 50K in makeup and only has 204K in cashes to her name (and since this piece aired she's cashed for a "whopping" 14K more). How you would stake someone with 204K in cashes between 2011-2018 AND let them get 50K in makeup to you is beyond me, but sounds like shitty "investing"

The video completely ignores discussing the various pitfalls of poker staking, tournament variance, players who have leaks outside of poker, players who oversell themselves in staking arrangements and then make sure they bust to guarantee themselves a profit, players who welch on paying their backers when they do win or the fact that the vast majority of long-term pros are making their livings playing cash games and not higher-variance tournaments with all the associated travel expenses that go along with it.

 

Kain8

Flush
Joined
Sep 16, 2016
Messages
1,335
Reaction score
2,454
Location
Regina, Canada
Lol, what an absolute turd sandwich of a fluff piece this is. It focuses completely on poker tournaments and staking, and comes across more as a free ad for the various staking sites. It presents everything with rose colored glasses, like poker staking for tournaments is just winning all the time for the investor and the player.

They make sure to show Jeff Gross winning online with Aces full and quad 10's because you know, that's just the way it is when you're a staked professional player.

And then this Lisa Costello chick they interview is 50K in makeup and only has 204K in cashes to her name (and since this piece aired she's cashed for a "whopping" 14K more). How you would stake someone with 204K in cashes between 2011-2018 AND let them get 50K in makeup to you is beyond me, but sounds like shitty "investing"

The video completely ignores discussing the various pitfalls of poker staking, tournament variance, players who have leaks outside of poker, players who oversell themselves in staking arrangements and then make sure they bust to guarantee themselves a profit, players who welch on paying their backers when they do win or the fact that the vast majority of long-term pros are making their livings playing cash games and not higher-variance tournaments with all the associated travel expenses that go along with it.


Play cash.
 

JScott

3 of a Kind
Supporting Member
Joined
Nov 3, 2019
Messages
545
Reaction score
1,093
Location
Whistler, BC
I've always wondered why CNBC did a 21 minute add for StakeKing and YouStake.

I'd love for them to do an "exposé" on my companies.
 

Josh Kifer

Royal Flush
Site Vendor
Supporting Member
Joined
Jul 21, 2017
Messages
11,829
Reaction score
26,983
Location
PNW
I need you to stake me for Monday. 10 bucks, and you get half my winnings. You could win 20.... Maybe 30! PERHAPS 40!!!!!
 
Top Bottom