Did you guys ever heard heard about a Telepromter? Look at Obama and find out. Doug even is looking at a Monitor right in front of him. This is not free spoken. Like him thuogh.
+Freak F The thing is Doug is looking straight into the camera so the odds of him using a strict script is basically zero. He just knows what he's talking about.
forbes is full of shit. only dwan knows how much he really has. but since he's risen to be a leader of the triad he must make around 1mil a month these days. word on the street is, he's very likely to become the next president of the philipines...
@@DougPolkPoker You positive Danny boy didn't just hustle private games like a MF boss? I mean maybe the money still owed from Paul is pure coincidence... sorry GREAT BIT!
There aren't too many youtubers that I'll sit and watch talk for 25 minutes.. but I just watched 3 of these in a row. Very informative. Great video man.
A mate of mine actually said exactly that to me just last week... However.... my mate doesn't play himself and got his "information" listening to Bull-zerian bragging on various non-poker podcasts and chat shows. He just wanted to join in a conversation some friends and I were having about poker and that was the only name he knew. We explained to him how DB is like one of these arseholes you see nowadays who inherits a shit load of cash from his daddy then uses it to convince total morons he's some kind of financial genius, rather than the tacky, self promoting narcissist clown on an ego trip he really is, in order to exploit them for his own gain and maybe get to live a nice house in Washington for 4 to 8 years before they realise what a dick he really is..... You know the type.
Dan Bilzerian talking shit about phil ivey in poker is like me talking shit about Lebron in b ball...stick to being an extra in movies and spending your dads money.
Bilzerian claims he made his fortune in poker and yet, nobody heard of him until he was playing high stakes games (oh...and his daddy is rich! LOL). Whatever.
Really appreciate the video Doug, interesting stuff! I'm a teacher for a job and play some poker on the side. I don't do bad but couldn't very well live on a net of $400 a month now can I? My job pays all expenses and allows me to save a bit so I mostly just play poker for the joy of the game. And the profit (somewhat consistently $4000-5000 a year) goes to a fantastic holiday over the summer and a romantic weekend around the Xmas time. I used to envy players that just make crazy stacks (i don't have the highstakes experience like you do, obv) but the more I learn, the more I'm okay with where I've settled in here. Play poker for as long as it's fun and burn off the profits in the sun =D Have a good one Doug, and whoever else reads this!
Doug, Wikipedia says that in your early days you were a "breakeven rakeback pro". Did you ever feel back then like poker wasn't for you, you found hard to motivate yourself to grind and learn? And what was the turning point that made you the player you are today?
Here in canada poker is considered gambling and we don't pay taxes on gambling, could some players live in canada while they play to avoid paying them?
Nazim living in Canada won't help them, Canadian citizens don't pay tax on gambling winnings. Americans living in Canada temporarily still pay taxes in the USA.
Americans are subject to US taxes wherever they live in the world. If you want to avoid them you need to get citizenship somewhere else and renounce your US citizenship.
I'm Canadian and it's not true for the amount of taxes. If you play recreationally, sure you don't taxes on gains. But if poker is your job, CRA do tax the earnings as they recognize this as professional income
I should have reworded. He went on a tilt and lost a ton of money, in the proximity of 18 million, was never 18 mill in debt per se, as he's a fantastic player and made quite a lot of money over his career. His tilt was what led him to take time away from poker. He explains in this article/interview a lot better than I could! www.pokernews.com/news/2016/11/interview-gus-hansen-reenters-the-gambling-world-26234.htm
Doug very well said, I have been bankrolling several pros for the last 10 yrs or so and I must say I have done extremely well! I been quite lucky although most of my winning came through my decisions on who to use, what game or buy in. No names mentioned but you know as well as I do there are many pro's who couldn't afford a cup of coffee! Bankroll and money management is the key! Just like any other business you have to keep your overhead down! Excellent video Doug and happy to see you being honest on what the real world of Poker is really about! So many young bucks think its easy and its far from that! Times have changed, players are different, computers and websites along with Live Poker games (Seeing hands & action) have changed the game! This is not my real screen name, I am certain you know me but that doesn't matter, Keep up the good work Doug!
love your videos man. a tiny request, whenever you make a video that talk about so many numbers, will be cool to have some tiny box on the screen, white box, or something that you can put there the numbers you talking about. yes a bit more edit, but I think it will be worth it.
Richest online cash game players are probably PLO players. Ben, Jeans, Sauce to name a few. Jeans and Sauce both made 5M according to highstakesdb. Now that's not all of their volume, but let's just go by that number. Ben86 made probably a little bit more since he has been on top for a long time at PLO cash. Can't imagine NLHE cash players putting in much more volume than that honestly and win rates were probably smaller. Saying OTB made 5-10M is quite ambitious. It's closer to 5 than 10 honestly. Same for someone like Trueteller, who is a true NLHE cash grinder.
Well if I may... I don't know what the expenses are in US. but, I'm from Poland and f.e. at the moment to be a winning player you don't need to player higher than NL50 (where you still have the edge over other players) if you're making around 4bb/100 hands and playing around 1 mln hands / year you earn around $20.000 counting the denomination it's around 80.000 - 100.000 PLN. So it's between 6.500 - 8.500 PLN / month... If you compare the earnings with our country avarage income around 4.000 PLN gross, you're quite good money... and the cost of living here aren't so big after all... f.e. to rent a flat in Warsaw, let's say 2 bed room 1 day room kitchen and bathroom, in a good location, you'll find one for around 3.000 - 5.000 PLN / month. If you would like to buy a flat like this, you need around 400.000 - 500.000 PLN... If, you'll be looking for a 2 room studio flat (bed room, dayroom opened to kitchen, bathroom) you can have one eaven for arounf 1.500 PLN - 2.000 PLN/ month. So in general, looking at the earnings in a perspective of US citizen, yeah the stakes are rigged and hard... but according to countries in cetral europe (Poland, Czech, Slovakia, Bulgaria, Romania, etc.) you're making quite good money eaven when you play only mid stakes... and still i didn't counted rakeback... :)... But it is true, that if you want to be a well known poker pro, you still need to look at it your way :)... never the less great Vlog...
I gotta say that I always thought Doug was sort of a noninteresting person watching him play poker, but after watching his videos I love the way he communicates. SHOUT OUT TO POLK!
Just check their stats on shark scope, lots of guys everywhere making money in tournaments. You're definitely correct in saying that most, do lose, but I think most of the people losing are because they simply can't commit the time that some doing it for a living does. If you're doing it for a living the variance becomes a massive edge vs the come and go players which definitely make up the field. I think if you commit to it as your job and you have some good discipline, esp when it comes to managing your bankroll, playing within your means, and correcting tilts, you're going to make money playing tournaments in the long, you just need the odd top 3 or 4 that comes along with hot runs of cards.
Doug, i'm a fan of urs and follow ur channel for some time now and i gotta say, not only u give great insight on poker hands and players thoughts but man.... u really crack me up sometimes!! Awesome work! Keep it up!
Doug is absolutely right. The rake $ucks. Literally. Back in the day, there was no house dealer, and the card-room rake on 2,5 limit was $2.00/ half hour per player. A full table lost ~$50/hr, including tokes to the house-man. Now change that to house-dealer, 10% rake up to $3.00 hand, plus tokes, and ~$150/hr disappears from the same table. That's an extra $10/hr per player, GONE. If you were a grinder making $15/hr, you just took a 2/3 pay cut. At that rate, you now have two choices 1) get a "real" job, or 2) higher stakes, where the rake % is also lower. You damn sure better have a consistent A-game and disciplined spending to survive that route. Even so, you're back to grinding, and. Grinding IS a real job. You want to win big at poker...be the house!
I live in L.A. area in my opinion no body beats live low limit games because the rake is to high. (Excluding props) So I'm just pulling this number out of my a**. But would it be reasonable to say that out of all the players that play live games in L.A. and cover there own rake. That less than 1% win money or break even? 1 out of 10,000 make $30,000 to $50,000 a year? And 1 out of 100,000 make over $50,000 a year?
Hey Doug. How much money would you recommend I save up for a started bankroll playing live 1/2? I don't want to play for a living but i would like to be able to slowly move into high stakes.
Doug, whats a good asset to liquid ratio for the average person and the average poker player? (I assume the poker player has to have a higher liquid ratio but im not sure)
Doug Polk the new Tai Lopez? Here in my garage, just bought this new Lamborghini here. I am a long time subscriber and I'm seeing a Doug Polk ad for a Doug Polk video.
Hi, I am about to begin playing low stakes online. Can I get your advice on a few things via this thread or email? What sites do you play on or recommend for NLHE cash games? Tourneys? Best Rake back? Easiest player field? Do you use HUD? PokerTracker or Hold'em Manager? Why that one? Thanks 😀.
Doug, I'm brand new but think I might have what it takes. All I'm interested in is playing at local casinos in MD outside of DC. Can you make decent money in low profile casino hold em games? Is that even a thing or do casinos just offer poker as tournaments? I appreciate any advice.
Doug, congratulations. Admitting you have a problem is STEP 1 on the Road To Recovery. STEP 2 is to blame it all on Luke Schwartz. Then just wait for Daniel's vague and unsupported comments. LOL GREAT ending bit - really love the self-deprecating side to your humor
Hi Doug, I have the rare perspective of being a former low/mid stakes professional. Phatbluntman and Canufrontme on full tilt and poker stars (just so ppl know i'm not BSing, they can look up my profits online). I feel like making any kind of reasonable profit to support a living was ridiculously hard. With cash games, or large MTT's, it's almost impossible for anyone to establish a consistent income, no matter how good you are. Even elite pros who've bagged massive MTT wins, can go YEARS without any meaningful profit. I think Sit n Go's were the most consistent steady form of income, and even then, it was such a grind just to make a solid profit week to week. When you move up in stakes, you have to deal with harder competition AND greater swings in your bankroll. The poker economy also has gone to shit since Black Friday. There just simply aren't any fish anymore. The seas have dried up. Most times nowadays, you're sitting with all regulars, and it just becomes a matter of who's running well that day, and nobody's making money off of anybody. You need like, 30-40 fish per solid pro just for that pro to make enough money to sustain any form of meaningful lifestyle.
Doug i think u forgot one important thing... sponsors? You calculated all the expanses and so on but many PROs have some kind of sponsor for some of the income. So what do u think about that??
Should U use the same BRM for live as u do online? Like 30-40 for cash and 100-200 for mtt's? Or is it safe to play a little lower givin I expect to have a bigger edge. And most mtts I play will be under 1k. And under 1k ppl.
Considering that a majority of people in the US make around $40k a year and often less, making a couple hundred thousand dollars a year is a very nice option. You have to grind at a day job or sometimes 2 or 3 jobs to make ends meet; poker prospects of making $50K or more look very nice. There are plenty of people who aren't afraid of hard work.
***** I think they will be ok, there's money to be made online outside of poker, if they were smart enough to do really well in one field they will find their feet doing something else .
Murray Herts Of course, you’re right. The degen factor takes down many. I worked at Del Mar Racetrack thirty years ago and the successful players bet very few races but with larger amounts. A little bit apples and oranges comparison but discipline being the common theme. Degens end up in the same dark place by lying to themselves. I don’t have a psych degree but tracks and casinos are great places to observe behavior.
Everyone ff to 19:00 and listen to Doug here. And I quote, “The only way you can get into these private cash games are having a connection or giving someone a piece or something.” Oh, the truth comes out now, huh Doug? You giving up a piece to get into them poker games huh Dougie? Dougs that guy that’ll lose his money on purpose to Daniel Negreanu so he’ll get invited back to Daniels private cash game. I could hear Daniel telling Ivey, “hey call that fish Doug back over here tonight, I’ve got to pay my property taxes this week.”
Thank you for sharing an realistic opinion on poker players and playing poker in general Doug!I agree most of them and i thought like that even before poker players started mentioning the hole truth.Because the truth its not only that u can see, a good knowledge in poker and a healthy mentality brings the same thought u has mentioned in the video.Hope u will continue being honest and realistic so the players can know what kind of risks have to pass by playing poker
man its great seeing someone fill the poker content gap. i always felt there was a huge opportunity for great content focused around in depth poker commentary and its great seing you do it so well =) i know its a little meaningless coming from some faceless internet prick but keep it up man. your content is multi mil viewcount quality, and if you keep it up thats eventually going to pay its dividends.
Hillarious! I discuss poker a lot with my viewers and the most common question is how much luck poker involves? If you were up for it, I'd love to play you heads up in a best of 3 or 5 to show that in the short run it's a lot of luck involved even if we all know I'd be crushed in the long run (I'm a former poker, now casino player). You could name the stakes but please don't make it to brutal.
Awesome video. Very sobering. The problem with poker is that you cannot leverage other people's efforts like you can in business. An entrepreneur will break his back and the bank for a few years doing everything himself until he can get some people under him. Eventually, with enough trained employees he makes good money by not showing up. He can then create another biz and make even more. Or an investor will buy apartments or businesses that throw off cash at a % a year while other people manage the building for him. In poker, you cant replace yourself unless it is a computer bot and you cant invest unless it is buying a part of other players in tourneys. Either way, this fundamental flaw of the game shows why pockets are so deep in the business world and relatively shallow in the poker world.
Dan B is a joke and I'm pretty sure we all understand not many pro poker players have money. Maybe it's just me though. We all would be doing it if it was this easy.
Preach Brother. Straight talk from a professional who does not B.S., at least not outside of the poker table. Thank you for your insight from experience and hard work. P.S., are the sound panels just for your podcasts, or do you make some jams as well? Be blessed.
omfg there is so much value in every sentence Doug says xD this reminds me of a dude who have few YT movies about poker tells and he speaks like 10 minutes and there is nothing. None.
Lets try make a list guys :D Poker players with 10mil$+ in BR. 1. Phil Ivey 2. Patrick Antonious 3. Antonio Esfandiari 4. Phil Hellmuth 5. Dan Collman 6. Sam Trickett 7. Doyle Brunson 8. Johhny Chan 9. Erick Seidel 10. Daniel Negreanu 11. Scott Seiver 12. Andrew Robl 13. JRB (jk :D hehe ) Was i close...there is one more player cant remember...Polk or something :P
klobasa007007 Robl should not be on this list, he's 186th on Hendon. Colman only had 10-20% of himself when he won 1 drop so he's not a lock for $10M BR
If you only looking on online poker tournament databases you will not get far, matter of fact u wont get anywhere...biggest money is made in live highstakes cash games (currently in Macau) and there is no stats about it online, only the guys who play in those games know. If the guy brings 1.5mil$ at the table (Robel in Super High Roller Cash Game) he has to be in 10mil $ group imo same goes for Colman. Maybe doug can confirm it for us :D
Doug, you talked about online play and live tournaments. Do any pros just play cash games in the casino? Could you sit down at a table at the MGM and just gamble with the average Joe?
20:53 This is only true for some European countries. Just look at Norway for example, you will have to tax 30% of all winnings over 10 000 NOK (~1170 USD).
![SahBabii - Viking [Official Music Video]](http://i.ytimg.com/vi/D37cL92JX0I/mqdefault.jpg)
Hi I’m Doug Polk, I like poker, and my hair is a triangle
lmao
Hahaha
and I never play I just talk about it on RUclips.
Tom Yazel He doesn’t even like poker anymore.
Is that his hair or an implied dunce cap?
What i like about these vids are they aren't edited to death. Don't change your format Doug and thanks for sharing good knowledge.
Billy Bolox Its pretty impressive how long he can talk without an edit
Did you guys ever heard heard about a Telepromter? Look at Obama and find out. Doug even is looking at a Monitor right in front of him. This is not free spoken. Like him thuogh.
+Freak F The thing is Doug is looking straight into the camera so the odds of him using a strict script is basically zero. He just knows what he's talking about.
daeg awdaeg Thats right were he is looking while playing, right?
what are you guys talking..
I'm at -£2500, hoping to hit zero in the near future!
Good luck dude, that actually makes you more rich than many of my friends from college
Thanks Doug. It's nice to hear this from my second favourite poker player after Paul Phua.
Phua phor lyfe!
just go higher stakes if it gets close. thank me later
hahaha, im up 17$ i feel like a boss now !
Dan got his money from his papa and doesnt want to admit it cuz of his big ego.
and probably because if he admitted it the govt would have a claim to it from his dad's illegal dealings.
He can't admit it because the money is from his father's fraud.
The whole "pro poker" angle was probably just set up as a way to launder stolen money.
Leggo My Ego He can admit it all he wants. He just doesn't want to be considered a trust fund baby.
Alexander If he admits it, he would lose the money.
Love the roasting of Bilzerian. Long overdue.
+wildchild Vasquez
there's always some cringy dumbass like you who defends other dumbasses
HAVE U SEEN BILZERIAN PLAY???
What about Tom 'durr' dwan. How much does he make a year working as a dungeon slave for the triad?
Heron Myer According to Forbes he has a net worth of 10 Million Dollars.
forbes is full of shit. only dwan knows how much he really has. but since he's risen to be a leader of the triad he must make around 1mil a month these days. word on the street is, he's very likely to become the next president of the philipines...
Too bizarre to believe he's with a gang
Rumor has it that many things are done under the table, and I leave that open to your imagination
Maybe Durr is doing other "services" for the Triad....Pulp Fiction kind of stuff.....always looked to be that type
Net worth between 10,000 and 100 million huh? I KNEW IT!!! GOTCHA NOW
I laughed as hell when you started making fun of Dan's interview and google :D
great job, Doug!
Thanks Ivan! I enjoyed that bit a lot, I get in there on the comedy whenever I can :D
cool, WCGRider ;)
btw I'm looking for a job as a poker coach for microstakes :D
zing! :D
Rewatched this cause of the recent podcast, even funnier now.
@@DougPolkPoker You positive Danny boy didn't just hustle private games like a MF boss? I mean maybe the money still owed from Paul is pure coincidence... sorry GREAT BIT!
There aren't too many youtubers that I'll sit and watch talk for 25 minutes.. but I just watched 3 of these in a row. Very informative. Great video man.
Doug's broke. I knew the micros would get him.
You mean the rake.
+slavmart but more rake is better!?
Vintage Doug polk. A little heavier than he is recently, and his hair has a ton of hair gel to make that volcano! Luv u buddy
I just love it when people mention Dan Bilzerian as one of the greatest poker players... Hey, you! Come sit at my table!
A mate of mine actually said exactly that to me just last week... However.... my mate doesn't play himself and got his "information" listening to Bull-zerian bragging on various non-poker podcasts and chat shows. He just wanted to join in a conversation some friends and I were having about poker and that was the only name he knew.
We explained to him how DB is like one of these arseholes you see nowadays who inherits a shit load of cash from his daddy then uses it to convince total morons he's some kind of financial genius, rather than the tacky, self promoting narcissist clown on an ego trip he really is, in order to exploit them for his own gain and maybe get to live a nice house in Washington for 4 to 8 years before they realise what a dick he really is..... You know the type.
CaffeineAddictTV Shhhh...don't wake the fish.
Dan Bilzerian talking shit about phil ivey in poker is like me talking shit about Lebron in b ball...stick to being an extra in movies and spending your dads money.
show me ONE PERSON tht has said DAN BILZERIAN is one of thee greatest poker players. lol , ILL WAIT
Bilzerian claims he made his fortune in poker and yet, nobody heard of him until he was playing high stakes games (oh...and his daddy is rich! LOL). Whatever.
Really appreciate the video Doug, interesting stuff! I'm a teacher for a job and play some poker on the side. I don't do bad but couldn't very well live on a net of $400 a month now can I? My job pays all expenses and allows me to save a bit so I mostly just play poker for the joy of the game. And the profit (somewhat consistently $4000-5000 a year) goes to a fantastic holiday over the summer and a romantic weekend around the Xmas time.
I used to envy players that just make crazy stacks (i don't have the highstakes experience like you do, obv) but the more I learn, the more I'm okay with where I've settled in here. Play poker for as long as it's fun and burn off the profits in the sun =D
Have a good one Doug, and whoever else reads this!
The real question is how much is Binx worth? Three fiddy?
∞
Doug, Wikipedia says that in your early days you were a "breakeven rakeback pro". Did you ever feel back then like poker wasn't for you, you found hard to motivate yourself to grind and learn? And what was the turning point that made you the player you are today?
Trias00 HGH and scotch. Just kidding. Seriously, intelligence, discipline and hard work. They’ll serve you well in all endeavors.
Here in canada poker is considered gambling and we don't pay taxes on gambling, could some players live in canada while they play to avoid paying them?
Nazim living in Canada won't help them, Canadian citizens don't pay tax on gambling winnings. Americans living in Canada temporarily still pay taxes in the USA.
Ryan Miller But let's say an american buys a house in canada for residency and gets a visa to work there wouldn't it help?
Even in Canada if you are a professional and poker is your main source of income then the cra comes knocking.
Americans are subject to US taxes wherever they live in the world. If you want to avoid them you need to get citizenship somewhere else and renounce your US citizenship.
It is the "windfall tax rule" in Canada but it does not apply if your primary source of income is gambling.
I lost my shit laughing when you said "And I'm a fucking astronaut". The delivery was pure gold.
A player is just like poker itself: Lots of variance. Everyone has their own path and own sequence of events they go through.
Awesome videos!! Absolutely love them!
Best regards from Spain
+Experimentar En Casa Thanks! Much appreciated man, keep crushing on YT
Thats a lot of subscribers
I'm Canadian and it's not true for the amount of taxes. If you play recreationally, sure you don't taxes on gains. But if poker is your job, CRA do tax the earnings as they recognize this as professional income
2:42 I assume you meant million (billion would be cool though)? Great vid btw!
Gus Hansen disliked this video
Adam K bwahahahha
Fintan111 I..
18 million in debt
Jake DeLucca how the hell did he go 18 mil in debt?
I should have reworded. He went on a tilt and lost a ton of money, in the proximity of 18 million, was never 18 mill in debt per se, as he's a fantastic player and made quite a lot of money over his career. His tilt was what led him to take time away from poker. He explains in this article/interview a lot better than I could!
www.pokernews.com/news/2016/11/interview-gus-hansen-reenters-the-gambling-world-26234.htm
OTB the best player ? - but but Dan made his money from stuff and poker and yeah stuff you know
Eisfeld Z lmao
Liking before I watched as we know Doug always puts out the good stuff.
:D Much appreciated bro
np
smaakmakend
Dan Balzerian is not a poker player, he is simply using it as a cover to spend his father's hidden millions.
Doug very well said, I have been bankrolling several pros for the last 10 yrs or so and I must say I have done extremely well! I been quite lucky although most of my winning came through my decisions on who to use, what game or buy in. No names mentioned but you know as well as I do there are many pro's who couldn't afford a cup of coffee!
Bankroll and money management is the key! Just like any other business you have to keep your overhead down! Excellent video Doug and happy to see you being honest on what the real world of Poker is really about! So many young bucks think its easy and its far from that! Times have changed, players are different, computers and websites along with Live Poker games (Seeing hands & action) have changed the game!
This is not my real screen name, I am certain you know me but that doesn't matter, Keep up the good work Doug!
I was half expecting this video to be about 10 seconds long... "Poker players have, on average, about... tree-fiddy." End of vid. :)
Damn bro, I wasted hours FOR NO REASON
Jared Grey tree-fiddy!! lawdy! Why you givin that spirit tree-fiddy, woman?!
4:05 just showing the result without saying a word, beautiful.
love your videos man. a tiny request, whenever you make a video that talk about so many numbers, will be cool to have some tiny box on the screen, white box, or something that you can put there the numbers you talking about. yes a bit more edit, but I think it will be worth it.
you having trouble with English?
Richest online cash game players are probably PLO players. Ben, Jeans, Sauce to name a few.
Jeans and Sauce both made 5M according to highstakesdb. Now that's not all of their volume, but let's just go by that number. Ben86 made probably a little bit more since he has been on top for a long time at PLO cash.
Can't imagine NLHE cash players putting in much more volume than that honestly and win rates were probably smaller.
Saying OTB made 5-10M is quite ambitious. It's closer to 5 than 10 honestly. Same for someone like Trueteller, who is a true NLHE cash grinder.
Dream machines running strong
Something I've always wondered about, keep them coming Doug! :D
Well if I may... I don't know what the expenses are in US. but, I'm from Poland and f.e. at the moment to be a winning player you don't need to player higher than NL50 (where you still have the edge over other players) if you're making around 4bb/100 hands and playing around 1 mln hands / year you earn around $20.000 counting the denomination it's around 80.000 - 100.000 PLN. So it's between 6.500 - 8.500 PLN / month...
If you compare the earnings with our country avarage income around 4.000 PLN gross, you're quite good money... and the cost of living here aren't so big after all... f.e. to rent a flat in Warsaw, let's say 2 bed room 1 day room kitchen and bathroom, in a good location, you'll find one for around 3.000 - 5.000 PLN / month. If you would like to buy a flat like this, you need around 400.000 - 500.000 PLN... If, you'll be looking for a 2 room studio flat (bed room, dayroom opened to kitchen, bathroom) you can have one eaven for arounf 1.500 PLN - 2.000 PLN/ month. So in general, looking at the earnings in a perspective of US citizen, yeah the stakes are rigged and hard... but according to countries in cetral europe (Poland, Czech, Slovakia, Bulgaria, Romania, etc.) you're making quite good money eaven when you play only mid stakes... and still i didn't counted rakeback... :)...
But it is true, that if you want to be a well known poker pro, you still need to look at it your way :)... never the less great Vlog...
I'm finding the micro stakes to be pretty easy to beat.
Although, the profit is very slim.
I gotta say that I always thought Doug was sort of a noninteresting person watching him play poker, but after watching his videos I love the way he communicates. SHOUT OUT TO POLK!
"Sure Dan, and I'm a fucking astronaut." i lost it
Just check their stats on shark scope, lots of guys everywhere making money in tournaments. You're definitely correct in saying that most, do lose, but I think most of the people losing are because they simply can't commit the time that some doing it for a living does. If you're doing it for a living the variance becomes a massive edge vs the come and go players which definitely make up the field. I think if you commit to it as your job and you have some good discipline, esp when it comes to managing your bankroll, playing within your means, and correcting tilts, you're going to make money playing tournaments in the long, you just need the odd top 3 or 4 that comes along with hot runs of cards.
The part about Dan Bilzerian was so funny, I wish I could like this video more.
Doug, i'm a fan of urs and follow ur channel for some time now and i gotta say, not only u give great insight on poker hands and players thoughts but man.... u really crack me up sometimes!! Awesome work! Keep it up!
Shoutout to Jeans who had 100% of himself in the 1MM onedrop, yolo
How nuts was that for real.
Thanks for keeping it real Doug. Puts things into perspective even outside of poker for me. Kudos!
Richest players are the full tilt theives
The UB super user would like a word XD
Doug is absolutely right. The rake $ucks. Literally.
Back in the day, there was no house dealer, and the card-room rake on 2,5 limit was $2.00/ half hour per player. A full table lost ~$50/hr, including tokes to the house-man.
Now change that to house-dealer, 10% rake up to $3.00 hand, plus tokes, and ~$150/hr disappears from the same table. That's an extra $10/hr per player, GONE. If you were a grinder making $15/hr, you just took a 2/3 pay cut. At that rate, you now have two choices
1) get a "real" job, or
2) higher stakes, where the rake % is also lower. You damn sure better have a consistent A-game and disciplined spending to survive that route. Even so, you're back to grinding, and. Grinding IS a real job.
You want to win big at poker...be the house!
I live in L.A. area in my opinion no body beats live low limit games because the rake is to high. (Excluding props) So I'm just pulling this number out of my a**. But would it be reasonable to say that out of all the players that play live games in L.A. and cover there own rake. That less than 1% win money or break even? 1 out of 10,000 make $30,000 to $50,000 a year? And 1 out of 100,000 make over $50,000 a year?
Hey Doug. How much money would you recommend I save up for a started bankroll playing live 1/2? I don't want to play for a living but i would like to be able to slowly move into high stakes.
Doug is afraid to say Dwan's name.. ;)
Thats cuz Dwans gotten really into jiu jitsu lately ive heard
Rafapaz Doug mentioned how shady the Dwan/Jungleman challenge was on Dwans part. Watch the Paul Phua & Dwan video the 14k triads lost all credibility
Rafapaz Doug mentioned how shady the Dwan/Jungleman challenge was on Dwans part. Watch the Paul Phua & Dwan video the 14k triads lost all credibility
Marty Masters Marty struggles with the concept of irony..
You are correct sir. I find meaning in the struggle
Doug, whats a good asset to liquid ratio for the average person and the average poker player? (I assume the poker player has to have a higher liquid ratio but im not sure)
Doug Polk the new Tai Lopez? Here in my garage, just bought this new Lamborghini here.
I am a long time subscriber and I'm seeing a Doug Polk ad for a Doug Polk video.
Hi, I am about to begin playing low stakes online. Can I get your advice on a few things via this thread or email?
What sites do you play on or recommend for NLHE cash games? Tourneys?
Best Rake back? Easiest player field?
Do you use HUD? PokerTracker or Hold'em Manager? Why that one?
Thanks 😀.
I just LOVE the sense of humour!
20:26 _Taxes are brutal_
Correct.
$1 doubled every year for 20 years equals $1.048,576
But if taxed at just 20% every year, it's only $127,482
Jens Klyonnen. He had 100% of himself in a 1 million $ One Drop same year he made 7 million don't know how he's doing now
He's just pointing out the perception that all high stakes players are multi-millionaires isn't true.
it was because of taxes in Finland from winnings outside EU. By playing that tournament he avoided huge taxes.
I'm always amazed that some successful players degen it off on sports gambling.
Lol Doug, you'll always have a job in stand-up when you tap out.
Doug, I'm brand new but think I might have what it takes. All I'm interested in is playing at local casinos in MD outside of DC. Can you make decent money in low profile casino hold em games? Is that even a thing or do casinos just offer poker as tournaments? I appreciate any advice.
Doug, please answer! how much does Tom Dwan have?
Tree fiddy, aprox
TheSooraw
Somewhere between 10k and 100mil
"Tom dwan is probably worth 7figs or so in theory but not sure about his liquidity" - jungleman
somewhere around -20m$ plus expenses...
Would of been cool to get an idea of what people that play mid-high stakes live make. Like the 5/10 - 25/50 range
Doug Polk just made a video on this exact subject
in Montenegro the costs of living for a poker player are very low...
Doug Polk videos are some of the best videos
Yo Doug, what is crossbooking?
Doug, congratulations. Admitting you have a problem is STEP 1 on the Road To Recovery.
STEP 2 is to blame it all on Luke Schwartz. Then just wait for Daniel's vague and unsupported comments. LOL GREAT ending bit - really love the self-deprecating side to your humor
Doug it's okay... you're going to make it... if you use all 770 of your play chips to begin a battle back up to the nosebleeds you'll survive!
Respect! Many organizations and players hide this subject to attract more players
Doug say hi to Katie and Binks for me !!!! You're the man !
Hi Doug, I have the rare perspective of being a former low/mid stakes professional. Phatbluntman and Canufrontme on full tilt and poker stars (just so ppl know i'm not BSing, they can look up my profits online). I feel like making any kind of reasonable profit to support a living was ridiculously hard. With cash games, or large MTT's, it's almost impossible for anyone to establish a consistent income, no matter how good you are. Even elite pros who've bagged massive MTT wins, can go YEARS without any meaningful profit. I think Sit n Go's were the most consistent steady form of income, and even then, it was such a grind just to make a solid profit week to week. When you move up in stakes, you have to deal with harder competition AND greater swings in your bankroll.
The poker economy also has gone to shit since Black Friday. There just simply aren't any fish anymore. The seas have dried up. Most times nowadays, you're sitting with all regulars, and it just becomes a matter of who's running well that day, and nobody's making money off of anybody. You need like, 30-40 fish per solid pro just for that pro to make enough money to sustain any form of meaningful lifestyle.
Doug i think u forgot one important thing... sponsors? You calculated all the expanses and so on but many PROs have some kind of sponsor for some of the income. So what do u think about that??
These deals beyond suck nowadays from the little I know unless you are one of the few big names.
I just posted a feed on Facebook asking for a stake in the main event, I dont deserve it but I want it!! Lol
Great video as always
"Sure Dan, and I"m a f'ing astronaut !" brilliant ... ;-)
Should U use the same BRM for live as u do online? Like 30-40 for cash and 100-200 for mtt's? Or is it safe to play a little lower givin I expect to have a bigger edge. And most mtts I play will be under 1k. And under 1k ppl.
Depends on your real Edge when it comes to ITM. Still would use 70-80 Buyins BRM. Cause Suckout happens. ;)
Don't feel too bad, Doug. I went on a massive downswing in the 40¢ 10-max SNGs and have since been in makeup for, like, forever. Kappa
Dude, you might really need some help from DPyourcommunity.org
About Tree Fiddy ought to do it. :p :D ;)
Considering that a majority of people in the US make around $40k a year and often less, making a couple hundred thousand dollars a year is a very nice option. You have to grind at a day job or sometimes 2 or 3 jobs to make ends meet; poker prospects of making $50K or more look very nice. There are plenty of people who aren't afraid of hard work.
What has been your best year of winnings Doug? I understand if you don't want to say.
Didn't really want to say, but it was between $500 and $5000000
***** I think they will be ok, there's money to be made online outside of poker, if they were smart enough to do really well in one field they will find their feet doing something else .
Joshua Truesdell yep
Murray Herts Of course, you’re right. The degen factor takes down many. I worked at Del Mar Racetrack thirty years ago and the successful players bet very few races but with larger amounts. A little bit apples and oranges comparison but discipline being the common theme. Degens end up in the same dark place by lying to themselves. I don’t have a psych degree but tracks and casinos are great places to observe behavior.
Everyone ff to 19:00 and listen to Doug here. And I quote, “The only way you can get into these private cash games are having a connection or giving someone a piece or something.” Oh, the truth comes out now, huh Doug? You giving up a piece to get into them poker games huh Dougie? Dougs that guy that’ll lose his money on purpose to Daniel Negreanu so he’ll get invited back to Daniels private cash game. I could hear Daniel telling Ivey, “hey call that fish Doug back over here tonight, I’ve got to pay my property taxes this week.”
do u know the real Name if otb redbaron
It's not Tom Dwan
Adz 124
I lol'd!
Tom Dwan is "durr" not him
Keyser Soze
Dan Bilzerian 👀
thanks for all the great videos
if i leave in Colorado, what website for online poker did you recommend.?
who is otb redbaron???
the best nl holdem player in the world
Espinoza Subs Donald Trump
One of the best high stakes online 6-max players in the world.
(FTFY)
I eat him for dinner with my 20 bucks bankroll on pokerstars :D
Dan Bilzerian.
Thank you for sharing an realistic opinion on poker players and playing poker in general Doug!I agree most of them and i thought like that even before poker players started mentioning the hole truth.Because the truth its not only that u can see, a good knowledge in poker and a healthy mentality brings the same thought u has mentioned in the video.Hope u will continue being honest and realistic so the players can know what kind of risks have to pass by playing poker
Jamie Gold is a good example. Pretty much lost everything.
WoundrousMindTrick it was 10 years ago?? It feels like it was only 8 years ago
These comments only feel like they’re 6 months old has it already been a year???
@@lancemcclure6017 That's a good one!
man its great seeing someone fill the poker content gap. i always felt there was a huge opportunity for great content focused around in depth poker commentary and its great seing you do it so well =)
i know its a little meaningless coming from some faceless internet prick but keep it up man. your content is multi mil viewcount quality, and if you keep it up thats eventually going to pay its dividends.
Should have gone the UK route with citizenship. 0 tax and we are actually allowed to gamble online
how can u assume that mtt topreg have 50-100 or 150% roi when most of them has on average 10% roi over large sample?
so polk how much money do you really have? :P
bout three fiddy
a couple mill according to jungleman. I mean not that hard to estimate anyway.
Why you should pay taxes in Poker ?
wait wait. how about when you can play but suckout after sucklout happens. aa v kk loses soooo much.
Hillarious! I discuss poker a lot with my viewers and the most common question is how much luck poker involves? If you were up for it, I'd love to play you heads up in a best of 3 or 5 to show that in the short run it's a lot of luck involved even if we all know I'd be crushed in the long run (I'm a former poker, now casino player). You could name the stakes but please don't make it to brutal.
If ever make 100k a year playing poker. I will be a happy man
You think you will until your there. A lot wants more😉
This guy is always makin a movie off what starts out seeming like as an informational video, gotta love it lol
Hahaha epic ending Doug !!! Nice !!!
Awesome video. Very sobering. The problem with poker is that you cannot leverage other people's efforts like you can in business. An entrepreneur will break his back and the bank for a few years doing everything himself until he can get some people under him. Eventually, with enough trained employees he makes good money by not showing up. He can then create another biz and make even more. Or an investor will buy apartments or businesses that throw off cash at a % a year while other people manage the building for him. In poker, you cant replace yourself unless it is a computer bot and you cant invest unless it is buying a part of other players in tourneys. Either way, this fundamental flaw of the game shows why pockets are so deep in the business world and relatively shallow in the poker world.
18:26 "they fail, because, you know... math."
WCGRider = Dan Bilzerian confirmed?
Btw Doug if you need anything, i'm always here. I got some spare play-money if needed.
Dan B is a joke and I'm pretty sure we all understand not many pro poker players have money. Maybe it's just me though. We all would be doing it if it was this easy.
Preach Brother. Straight talk from a professional who does not B.S., at least not outside of the poker table. Thank you for your insight from experience and hard work. P.S., are the sound panels just for your podcasts, or do you make some jams as well? Be blessed.
How much money does Brad Booth have?
Very far into the negatives.
p0ck3tp3ar Definitely not between $10k-100 million.
unun septium :D Brad Booth owes people a LOT of money. He is well known for borrowing and not paying back.
I'm guessing he knows this, and knows that one of those creditors is Doug. Which is why he asked.
omfg there is so much value in every sentence Doug says xD this reminds me of a dude who have few YT movies about poker tells and he speaks like 10 minutes and there is nothing. None.
Lets try make a list guys :D Poker players with 10mil$+ in BR.
1. Phil Ivey
2. Patrick Antonious
3. Antonio Esfandiari
4. Phil Hellmuth
5. Dan Collman
6. Sam Trickett
7. Doyle Brunson
8. Johhny Chan
9. Erick Seidel
10. Daniel Negreanu
11. Scott Seiver
12. Andrew Robl
13. JRB (jk :D hehe )
Was i close...there is one more player cant remember...Polk or something :P
14. Daniel cates
klobasa007007 Robl should not be on this list, he's 186th on Hendon. Colman only had 10-20% of himself when he won 1 drop so he's not a lock for $10M BR
If you only looking on online poker tournament databases you will not get far, matter of fact u wont get anywhere...biggest money is made in live highstakes cash games (currently in Macau) and there is no stats about it online, only the guys who play in those games know. If the guy brings 1.5mil$ at the table (Robel in Super High Roller Cash Game) he has to be in 10mil $ group imo same goes for Colman. Maybe doug can confirm it for us :D
Maybe he just played with friends :D If true its very sad tho ... :(
What about martin jacobson?
Doug, you talked about online play and live tournaments. Do any pros just play cash games in the casino? Could you sit down at a table at the MGM and just gamble with the average Joe?
Sure Dan and i am a fucking astronaut!
what are the 5 books that you have in lower left corner in your video?
as if 200k a year for playing poker on your computer is bad income lmfao
20:53 This is only true for some European countries. Just look at Norway for example, you will have to tax 30% of all winnings over 10 000 NOK (~1170 USD).