Before becoming a professional poker player and content creator I have always been curious how much money professional poker players earn. Obviously, there’s no “one size fits all” answer to this question, but I can give you a breakdown of how my 2022 is going over the first seven months.
In 2021, I was able to earn $67,755 playing poker. I was thrilled with these results as I only played full time for four months, and the other eight months I balanced poker and stuck to my full time job which was outside of poker. .
I’ve never been big on monetary goal setting because there is an element of variance that can go into a year’s results. However, if I had to set myself a monetary goal, it would have been to beat my total earnings from 2021.
In the first seven months of 2022, we are close to reaching this milestone, but it has been a roller coaster ride to get there.
When calculating my annual profit, it includes all the money I earn playing poker. This includes the following five categories: Online gambling, online tournaments, live gambling, live tournamentsand rakeback.
Here’s how I’ve done in each of those categories so far in 2022.
In the first seven months of 2022, Michigan online poker Gambling is my biggest earning category, which isn’t surprising since that’s where I focus.
Currently over the year I profit from $34,935. Most profit came from blind cash games at $2/$5 and $2/$1, although I briefly attempted to move to $5/$10 where I lost a few buy-ins . I hope to keep trying to push over the years to try to climb the stakes in online gambling.
So far in 2022 I have taken a step back in online tournaments compared to what I have played in 2021. So far in 2022 I have only played a total of 82 tournaments. A lot of that is down to the fact that I’ve continued to focus on cash games, but I still like to jump into the tournament mix when I can. Currently I am showing a profit of $2,475 in online tournaments in 2022.
Although I’m mainly playing online poker this year, I have found time to play live. So far this year I have played a total of six live cash game sessions. Even though I won three and lost three, the losses were bigger than the wins and I lost $1,061.
Although I don’t play many live tournaments, I love playing them!
There’s something about the energy and excitement you feel in the room when playing a live tournament that can’t be matched in any other poker format. So far this year I have played eight tournaments without much success. I cashed out one of them for min cash and blocked all the others giving me a loss of $4,125 in live tournaments so far in 2022.
The final category is rakeback. For those of you unfamiliar with rakeback, it’s when online poker sites give money back to players. Think of it as a rewards system.
For poker players like me who play a lot, the money earned from rakeback can be quite significant. In the first seven months of 2022 I won $10,105 in rakeback.
Adding up the total of these five categories gives me a total profit of $42,329. Not a bad start to 2022, but I got that number up to over $58,000 in early June, before I suffered the biggest financial downturn of my poker career. As you can see below in my online gambling results this year, poker isn’t always fun, even for those of us who have been consistent winners over the years.
Good luck to everyone at the tables and let’s crush the last game of 2022!
Mason’s poker content creator David Kaye writes a regular column for PlayMichigan. You can follow David’s poker journey on his social media accounts under the handle “DavidKayePoker”. David is on YouTube, Twitch, TwitterTIC Tac, and instagram.