Is there any record of profit/loss for live tournaments or is it just tracked as "winnings"? - Beginning Poker Questions

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Is there any record of profit/loss for live tournaments or is it just tracked as "winnings"?

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01-31-2014 , 12:29 AM

iPUTnutsONtheTABLE

grinder

Join Date: Aug 2010 Posts: 578

I've always wondered whether or not some of the poker pros who play the live tournament circuit actually make money. I know you can look up the WSOP or WPT winnings list, but this of course doesn't factor in buy-ins. If you play in a lot of high stakes tournaments for many years, you will eventually have millions in "winnings", but I wonder just how many of these players who have "won" millions are actually down hundreds of thousands or even millions when you subtract the buy-ins from the "winnings".

I know there is a lot of staking in these tournaments so the numbers would not be exact, but does anyone track profit/loss from the major tournaments?

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01-31-2014 , 02:27 AM

pitapita

Lia Marie Johnson

Join Date: Sep 2011 Posts: 7,089

I believe there aren't, and that's a good thing so recreational players don't go looking at how much they're losing or realize that pros don't actually make 3 million a year

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02-02-2014 , 01:03 PM

iPUTnutsONtheTABLE

grinder

Join Date: Aug 2010 Posts: 578

Yeah but you'd think someone out there would at least make an attempt to track this. I've read studies that estimate only about 5-10% of long term poker players are winners and the real number is probably closer to 5%.

It would be interesting to see who is actually making any money.

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02-02-2014 , 01:21 PM

Cry Me A River

Orange is the new Green

Join Date: Jun 2004 Posts: 23,783

How would you propose tracking cash game earnings?

Or expenses like hotel rooms and airfare?

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02-02-2014 , 03:23 PM

iPUTnutsONtheTABLE

grinder

Join Date: Aug 2010 Posts: 578

Quote:

Originally Posted by Cry Me A River

How would you propose tracking cash game earnings?

Or expenses like hotel rooms and airfare?

Cash games and tournament travel/accommodation expenses would be impossible.

I am only talking about tournaments buy-ins vs. cashes where results are posted (WSOP, EPT, Aussie Millions, etc.). All these tourney results are posted for everyone who cashed and there is also a number of entrants listed so you could gather that data and figure out (based on buy-ins vs. cashes) who (and what % of the overall entrants) is (are) actually profiting.

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