The Day Dan Bilzerian Won $12.8 Million in a Poker Game. The infamous internet playboy Dan Bilzerian has spoken about the day he won the most on poker in a single day - according to himself, he once left the table $12.8 million richer. Bilzerian - who undoubtedly has seen phenomenal success on social media, with his Instagram account alone boasting of almost 25 million followers - is sticking to his claim that he’s made his fortune playing cards. TJ Cloutier - Cloutier has won more major poker tournaments than anyone in the history of poker. He has 60 major event wins through 2009 and over $9 Million in tournament earnings. Most Money Won Poker $50 with no upper limit. Size of bet- a casino bonus will most likely restrict the amount you can wager, such as you should not exceed a particular percentage of the remaining bonus balance. Fraud- you should not claim your bonus more than once.
The $5,000 buy-in Main Event of the World Series of Poker international series wrapped up on Saturday night with the top 4 finishers all taking home more than $1 million in prize money. With the typical World Series of Poker in Las Vegas postponed this year the action moved online and the World Series of Poker international series Main Event had a total prize pool of $27,559,500.
There were 5,802 buy-ins into the $5,000-entry Main Event. Notable entries included PSG star and Brazilian soccer phenom Neymar Jr. and former heavyweight boxing champion Riddick Bowe.
The final heads-up pairing came down to Bulgaria’s Stoyan Madanzhiev against Wenling Gao of China. On the final hand of the Main Event, Stoyan Madanzhiev flopped a straight which took down Gao’s pocket aces which is an absolutely brutal way to get knocked out heads-up. Looking down and seeing AA you think you are absolutely money and then your opponent flops a straight and poof, you’re gone.
For his second-place finish, Wenling Gao won $2.7 million. Not bad. Stoyan Madanzhiev took home a record $3.9 million for first place, the ‘largest prize in online poker history’. American Tyler Rueger won $1.9 million for 3rd place and New Zealand’s Thomas Ward brought home $1.35 million for his 4th place finish.
‘Poker Brat’ Phil Hellmuth busted in 750th right before the money bubble. In total, 728 spots were paid out across the $27,559,500 prize pool. There were three Americans at the final table with the other two, Tyler Cornell and Sam Taylor, finishing 8th and 9th respectively for $328,305 and $230,395.
In the final hand, 2nd place finisher Wenling Gao got all his chips in with AcAd only to see her opponent (yes, her) call with 7d6h. At that moment he had his opponent completely dominated. But Bulgaria’s Stoyan Madanzhiev miraculously flopped a 7-high straight and held on to win 1st place.
According to ESPN’s Chalk, some American participants moved internationally for this event which also allowed them to buy-in multiple times in the early stages:
The international series was hosted on GGPoker.com after the coronavirus pandemic forced the traditional World Series of Poker tournament in Las Vegas to be postponed. There were 5,802 entries into the $5,000 buy-in main event, creating a $27.6 million prize pool, the largest in online poker history.
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Players were allowed to buy in three times during the early rounds of the main event and were required to be physically located in a jurisdiction that allowed online poker. Tournament officials said some American participants relocated to Mexico or Canada to take part in the tournament.
The main event was narrowed to 38 players entering Saturday’s final round. American Bryan Piccioli had the chip lead entering the final round but finished 23rd.
It’s certainly a bummer not having the usual World Series of Poker footage on ESPN this year. It’s been a staple of Summer television for most of my life and watching these tournaments unfold online just doesn’t offer even a fraction of the same entertainment for me.
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The official in-person 2020 World Series of Poker in Las Vegas hasn’t been rescheduled yet and with this year waning down they’re running out of time. Next year seems likely (to me) at this point.
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For more on this largest win in online poker history, you can head on over to ESPN’s Chalk.
Whether you play low stakes cash games or tournaments there is a ton of opportunity to make serious money. Even the average lower limit players can make $30,000 per year without much trouble. The time and effort you put in will determine how far your poker bankroll will grow. The more effort you put in the more you get out of it. On average for cash game players at 50nl-1,000nl, you can see steady amounts piling in per month both from rakeback as well as from profit.
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Most low to middle limit cash game players will make about $1,000 per month just in rakeback. That is around $12,000 per year extra that you get just for playing poker. Live poker players don’t see this extra money each month and it is a reason why online poker is much better than live poker. The opportunity for growth is better and you can simply make more money online than you can live. Even if you have a lower win rate playing cash games, $30,000 per year is very feasible and you should often times exceed that by a nice margin. Here is where you also come up with your strategy for beating bad poker players.
Low to Middle Stakes Tournament Players
Most low to middle stakes tournament players will put in 50 hours or more per week and some weeks not show profit at all. The reason for that is because of the natural amount of variance in poker tournaments. You could easily go 100 tournaments without a big score or more. Tournament players often make their money from big tournament wins. Even if there are only 15-20 big tournament wins per year that could easily exceed $100,000 or more. Tournaments are very hard and take a lot more patience than cash games. Playing low and middle stakes tournaments will turn out to be a good thing in the end. You can crush these games because this is where tons of fish are in the online game. The lower buy-ins attracts bad players, and you can capitalize on this by learning how to progress through tournaments and beat the weak online poker players.
Low to Middle Stakes Sit and Go Players
The sit and go players are overlooked online, but they are there. Heads up sit and goes are one of if not the most profitable game online today. The whole key to learning heads up sit and goes is practice. You have to know the correct play and since you are playing almost every hand, you have to know when to give up and when to push forward. Heads up matches are often won or lost by losing a coin flip, but up to that point you should have been able to build a chip lead, so it isn’t really what it seems. These matches can be grueling if you don’t find the fish.
Where to Start
To make money you should start off as low as the $10 level. Once you have had success there you can move up to the $20, then $33 and so on. These games will take you up as high as you let them. The range for what you can make per year will depend on how much mental stability you have as well as how well you can manage a bankroll. Some players will make $10,000 per year and some will make close to $200,000 per year. It depends on how much work you want to put in.
High Stakes Players
The high stakes players have no cap on what they can make per year because when sitting in the right game you can make a ton of money in a short period of time. When sitting in the wrong games you can lose a ton of money in a short period of time. Most high stakes cash game players can easily win with a definite level of consistency over a million dollars each year. The high stakes tournament players should also walk away with close to a million. For tournament players it more so depends on if they win the one big tournament or two for the year. You can lose a lot in tournaments over time if you don’t run well. High stakes sit and go players will win hundreds of thousands more or less over time with ease.
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The reason these players have success is because when a player wins a big tournament (like the World Series of Poker), they will always jump into try and beat high limit players. This will always be the case and the natural reason why sit and go players and cash players make more than tournament players. Also, they have more of an edge than tournament players do to make consistent money over time.