CNBC: Who Makes Money From Poker? (May 2019) - Poker News

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CNBC: Who Makes Money From Poker? (May 2019)

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05-22-2019 , 08:38 PM

dhubermex

old hand

Join Date: Aug 2010 Posts: 1,672

New video from CNBC briefly touches on poker staking/backing, the online poker boom, and other topics.

There are a handful of poker people featured in the 20-minute video.

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05-22-2019 , 09:27 PM

cxy123

adept

Join Date: Oct 2011 Posts: 786

Overall it seems like a pretty fair representation.

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05-23-2019 , 03:50 AM

Mason Malmuth

Former Top Dog

Join Date: Aug 2002 Posts: 13,014

Quote:

Originally Posted by dhubermex

New video from CNBC briefly touches on poker staking/backing, the online poker boom, and other topics.

There are a handful of poker people featured in the 20-minute video.

Hi dhubermex:

I found this quite interesting.

Best wishes,
Mason

Quote

05-23-2019 , 05:21 AM

Elite Rounder

old hand

Join Date: Aug 2008 Posts: 1,291

Remember when Poker used to have big winners from the game? Now it's steamers making money from streaming, not winning.

Good old days.

Quote

05-23-2019 , 07:03 AM

namisgr11

old hand

Join Date: Jun 2012 Posts: 1,504

Quote:

Originally Posted by dhubermex

New video from CNBC briefly touches on poker staking/backing, the online poker boom, and other topics.

Thanks for posting this, very interesting and informative.

Quote

05-23-2019 , 08:43 AM

borg23

Carpal \'Tunnel

Join Date: Nov 2012 Posts: 15,016

Quote:

Originally Posted by cxy123

Overall it seems like a pretty fair representation.

+1

I did have to laugh at the woman "proud" of being backed buried in makeup.

Quote

05-23-2019 , 08:53 AM

namisgr11

old hand

Join Date: Jun 2012 Posts: 1,504

Quote:

Originally Posted by borg23

+1

I did have to laugh at the woman "proud" of being backed buried in makeup.

In fairness:
- She was proud of being backed, not of being in makeup
- Being in makeup is not uncommon among tournament players, since even those with +EV often need to play a bunch for their edge to be manifested.

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05-23-2019 , 08:55 AM

Sir Huntington

banned

Join Date: May 2009 Posts: 2,354

Need to make a segment on legislation ****ing up the program and how our "representatives" are bought little whores being pimped out by big casinos. This is worthless drivel that woulda been entertaining 10 years ago.

Last edited by Sir Huntington; 05-23-2019 at 09:07 AM.

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05-23-2019 , 09:01 AM

ckmoney

journeyman

Join Date: Mar 2008 Posts: 249

This seemed like a paid advertisement to me..

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05-23-2019 , 09:16 AM

#10

HurtLocker

adept

Join Date: Oct 2013 Posts: 798

Quote:

Originally Posted by ckmoney

This seemed like a paid advertisement to me..

I have already seen one too many commercial advertisements on that channel promoting the Venetian and Sands Bethlehem casinos by Sheldy. Unfortunately, when that happens I cannot flip the channel fast enough. Oh well, what ya gonna do?

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05-23-2019 , 10:54 AM

#11

VerdantDevil

grinder

Join Date: Apr 2013 Posts: 598

This is a 22 minute ad for staking websites. Don't waste your time.

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05-23-2019 , 11:44 AM

#12

Lemon93PCTSure

adept

Join Date: Jun 2013 Posts: 1,097

Quote:

Originally Posted by VerdantDevil

This is a 22 minute ad for staking websites. Don't waste your time.

yeah this felt like they paid the network

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05-23-2019 , 12:34 PM

#13

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

This may be a paid advertisement but I thought it was well worth watching. LoL @ staking being the life blood of professional poker though. More like staking is the life blood of broke tournament players chasing 5 minutes of fame.

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05-23-2019 , 12:37 PM

#14

dhubermex

old hand

Join Date: Aug 2010 Posts: 1,672

Quote:

Originally Posted by ckmoney

This seemed like a paid advertisement to me..

I got the 'informercial' vibe from it too and wondered if I should post it. I did because it's a new clip that had commentary from poker people that don't typically get mainstream coverage. But I see the point you and others are making.

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05-23-2019 , 12:47 PM

#15

Lemon93PCTSure

adept

Join Date: Jun 2013 Posts: 1,097

Quote:

Originally Posted by Dream Crusher

Well they talked about live tournaments, don't even see how anyone can play the MTT ones for a living without without staking and heavy swaps

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05-23-2019 , 01:05 PM

#16

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Quote:

Originally Posted by Lemon93PCTSure

Well they talked about live tournaments, don't even see how anyone can play the MTT ones for a living without without staking and heavy swaps

Yes, it is humorous that they equated professional poker to grinding live tournaments especially when you consider most of these staked tournament players don't earn enough to support themselves solely through poker.

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05-23-2019 , 01:20 PM

#17

SpinMeRightRound

veteran

Join Date: Jan 2016 Posts: 2,723

Quote:

Originally Posted by VerdantDevil

This is a 22 minute ad for staking websites. Don't waste your time.

Agreed. CNBC = liberal news corporation, pushing an agenda. You can't expect a balanced view.

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05-23-2019 , 03:17 PM

#18

michelle227

veteran

Join Date: Jul 2007 Posts: 2,177

Damn, Ryan did not look healthy in that segment. I am guessing it was likely a combination of poor lighting and being tired, but compared to what I remembered of him after he won the PLO event, it just seemed like he seriously needs time in the sunlight.

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05-23-2019 , 03:22 PM

#19

yimyammer

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 7,212

Quote:

Originally Posted by Sir Huntington

+1, they're infuriating

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05-23-2019 , 04:09 PM

#20

WateryBoil

Pooh-Bah

Join Date: Jul 2014 Posts: 5,762

Quote:

Originally Posted by 9tablingnit

Remember when Poker used to have big winners from the game? Now it's steamers making money from streaming, not winning.

Good old days.

Yea many streamers dont even appear to be winning players lol...especially the MTT ones.

Some even hide their Sharkscope etc stats AS A STREAMER which is omegalul.

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05-23-2019 , 04:41 PM

#21

the pleasure

Carpal \'Tunnel

Join Date: Oct 2012 Posts: 6,093

with extra funds and you want your money to make money

real estate > Stocks/swingtrading >>>>>>>>>>>>>>staking

IMO

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05-23-2019 , 05:37 PM

#22

barney big nuts

veteran

Join Date: Dec 2017 Posts: 1,991

Quote:

Originally Posted by Sir Huntington

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05-23-2019 , 05:39 PM

#23

barney big nuts

veteran

Join Date: Dec 2017 Posts: 1,991

Quote:

Originally Posted by SpinMeRightRound

Agreed. CNBC = liberal news corporation, pushing an agenda. You can't expect a balanced view.

Not surprised that you're a Trumper.

Quote

05-23-2019 , 05:41 PM

#24

auralex14

veteran

Join Date: Feb 2007 Posts: 2,914

I watched Lex stream for a bit the other day and he had something like 12k people watching. At some point it said that he had over 4K subscribers. At $5/mo/subscriber that's $20k per month he's pulling in every month just by streaming. Obviously that fluctuates and maybe it's high now because of SCOOP, but you can conservatively estimate that he makes $15k every month solely from Twitch.

He's put in a lot of work and kudos to him, but that's crazy money.

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05-23-2019 , 11:49 PM

#25

Mason Malmuth

Former Top Dog

Join Date: Aug 2002 Posts: 13,014

Quote:

Originally Posted by ckmoney

This seemed like a paid advertisement to me..

Hi ckimoney:

It certainly had some aspects of that. But it did say that there were players deep in make-up who would quit poker, and I don't think if that was an infomercial that would have been included.

Best wishes,
Mason

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