In the past few years on the live scene I have gotten to witness firsthand many live players overestimate their winrate, live beyond their means, and ultimately end up busto. However, many of the grinders in Miami seem to be an exception to this. I try not to get too caught up with social media but if you follow these guys on Instagram and Snapchat you know just how ridiculous it is as they broadcast their life to the world. Every single day is a barrage of chip porn and fancy meals with different attractive women every time. Every weekend they go out popping Dom Perignon at the hottest nightclubs in Miami and making it rain at Scarlett's strip club. Not to mention the extravagant yacht parties which have become a very regular thing.
Those of you who actually play in South Florida should know exactly what I am talking about and who I am referring to. These guys mainly play 2/5 and 5/10. At these stakes it doesn't matter if you are one of the elite supercrushers, you simply cannot make enough to sustain this type of lifestyle. Many of these guys spend 2k+ on rent and 1k+ on massages every month. Look up the ridiculous amount of what it costs for one bottle at a top nightclub or the price of a yacht rental for a day and try to tell me that these guys shouldn't have gone broke a long time ago.
What am I missing here? Do all of these guys cover up their real source of income by playing poker? Do they all cheat on their taxes? Is their fancy car a lease and their whole lifestyle a lie that is temporarily funded by credit? Please help me to understand this because it baffles me and I would like to uncover the truth. Miami has the most fake and materialistic people I have ever come across, so it is not surprising that many will do everything they can to maintain a baller image, but at some point doesn't it all come crashing down?
I am by no means envious. I could technically go out and do these same exact things but it would mean neglecting the prime years to build up savings/retirement and taking a very long time to move up in stakes. Unlike other players I take solace in having much to show for at the end of a good year, instead of blowing it all. If poker ever died I would have a very respectable investment portfolio built up by then. Amazing that more people aren't like this I guess.
TLDR: How do people who make maximum 200k/yr live millionaire lifestyles?
Lol of the 5 different ppl u posted pics of, maybe 2 have a clue. The other 3 would be arguably the biggest fish at a table full of average professionals
Do all of these guys cover up their real source of income by playing poker?
Probably.
Quote:
Do they all cheat on their taxes?
Yes, but probably not much poker income to cheat on.
Quote:
Is their fancy car a lease and their whole lifestyle a lie that is temporarily funded by credit?
Most likely paid for by a different source of income than poker. This has been known to be the case in prior examples. Also, Bilzerian is posted in one of those pictures. One of them may have ties to him and it's all funded by the stolen funds of his father.
The Adil Khan guy has to be the biggest clown. Posting average 2/5 stacks and plays tourneys with average buy in of $300-$500. Wow!
Would obviously wager against them having even decent win rates. Clearly they get the money from somewhere else, and not through anything they earned else they'd be bragging about that also/instead.
Don't worry about where people get stuff from...focus on your own life. They could buy all of that stuff because they are lonely inside. If you worry about social media, you will live very unhappily. Stuff isn't as it seems in photos. They could show a 4k stack at a table, and lose the other 5 days of the week for 15k. They could be at the club celebrating their only winning session of the month. Who knows.
knew a guy who constantly posted pics and name dropped on social media like his life was the nuts. also know he was gaming a disability check and had like 8k to his name during the entire process.
Spoiler:
don't believe the hype!
Last edited by Menace ll Society; 10-08-2015 at 11:24 PM.
Reason: they're probably trust fund kids or some ****