There is no definitive average salary for a professional poker player. However, many of the top players make more than six-figure incomes. There are many ways to make an income as a poker professional, including working as a brand ambassador or product ambassador for a company. The average salary of a professional poker player is based on a number of factors.
A professional poker player is someone who practices their game regularly. This is important because it will help you gain an advantage over other players and maintain your composure under pressure. In addition, you need to be emotionally stable because sometimes you might feel frustrated. In this case, you can always make a smart fold or take time out for study. It is also important to remember that you can’t always win a game.
As a beginner, it is easy to fall into the trap of making big bets in your first few games. Instead, focus on making small gains and don’t get carried away by the excitement of the game. You’ll also need to develop a strong mental attitude to control your bankroll. Poker is a high-stakes game, and it is important to keep in mind that your bankroll needs to be large enough to cover any buy-ins. Moreover, you should always have a reserve fund in case you’re having a bad streak.
A poker player can become a brand ambassador for a variety of products, including poker room products. This career option involves wearing corporate branding and participating in corporate outings. Brand ambassadors focus on creating memorable experiences for their clients. They may also host poker tournaments.
Many mainstream companies avoid signing poker players as their ambassadors because of the negative connotations associated with gambling. They also fear alienating Christian-right customers and others who consider gambling immoral. However, gaming is becoming increasingly popular across the nation, and poker players are among the most valuable targets for gambling marketing.
Online poker was widely available in the United States until 2006. In 2006, Congress passed the Unlawful Internet Gambling Enforcement Act (UIGEA). The UIGEA made online poker illegal in all states. Today, however, seven states have legalized online gambling. However, the UIGEA has many interpretations.
US players can participate in online poker tournaments and cash games. A wide range of US poker sites accept credit, debit, and e-wallet payment methods. Some US-based online poker rooms also accept PayPal.
A handful of top professional poker players have won multiple seven-figure tournament payouts. Fedor Holz, 61, and David Peters, 66, are just two examples. Fedor Holz has earned $21 million in just three years. He won his first WSOP bracelet in 2007, and he followed it up with two more in 2018 and 2019. Peters also won the ‘Big One for One Drop’ at the 2018 WSOP, finishing 2nd and claiming a $6 million consolation prize. David Peters, meanwhile, is a regular fixture of the high roller circuit and has steadily climbed the world money list.
Poker players also benefit from high-value brand sponsorships. These deals allow top players to earn a consistent, variance-free income from the branded goods they endorse. Product ambassador deals have historically increased the value of poker rooms and gambling events.
Rakeback is a special bonus that online poker rooms and sites give to their loyal customers. The poker rooms take a small percentage of every pot and return this to players in the form of rakeback. These bonuses help players make money even when they lose the game. The more rakeback a site or cardroom receives, the better.
Poker rooms and sites need these players because of the constant action they create. With a high player volume, poker games start and stay running, generating a steady flow of revenue. A pro may earn between $18 and $20 an hour.