Dec 21 2010
A total of 63,706 entrants vied for millions in prize money in the 2010 World Series of Poker. Professional poker tournaments average more participants than most pro sports events have spectators. The average PGA round only sees about 40,000 spectators, and a US Open match has around 27,733, so it’s amazing to see the number of people who get into poker professionally compared to other sports.
Granted, when you were a kid, you probably dreamed of being a professional athlete, not a poker player. Ever-increasing pro sports salaries are quite a draw. But because of this, the quest to gain entry into pro sports is extremely competitive. Even for those who are not the highest paid, sports salaries are enough to make many pro athletes millionaires.
There are many shocking discrepancies in pro sports salaries, though, especially between Major League Baseball and MMA Fighting. While pro baseball players enjoy the highest average pay with no enforced salary cap, MMA fighters face the flip side of the coin. Even though MMA generates comparable revenue as the WWE and pro-boxing, MMA fighters are paid far less, although the competition remains very difficult.
That’s where poker comes in. A card game that requires skill, but not physical prowess, allows many more people to not only play, but garner a certain amount of fame, as well as a substantial online poker income (bankroll). The game generates some of the highest paying sports salaries in the world. Online poker can be a lucrative career for many. But like any professional sport, it takes a lot of time, practice, and discipline. This graphic shows how online poker income compares to pro sports salaries, and how poker fits into the world of sports. An added bonus—unlike most pro sports salaries, poker has no cap!
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What to know to play Online Poker for a living:
- How to easily navigate the many online poker sites, and manage multiple tables at once.
- General poker strategy such as table position, variance, betting strategies, and more.
- How to generate and manage a bankroll.
- How to control your emotions and stay off tilt, so your playing strategy is not affected.
- Find out what kind of poker player you are, and what works for you. Once you know this, you can figure out how often and on how many tables at once you must play to reach your income goal.
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- USA Today, Salaries Database
- MLSPlayers.org, 2010 MLS Players Salaries
- PokerListings.com, Top 100 Biggest Winners Online
- ESPN.com, World Cup title worth $31 million
- USA Today, Furyk delivers bunker save to claim $10M FedExCup prize
- Dubai-online.com, Dubai World Cup 2010
- WSOP.com, 2010 41st Annual World Series of Poker Payout, Event #57 No-Limit Hold’em Championship
- TampaBay.com, Indy 500 completes return for Franchitti
- USOpen.org, US Open 2010 Prize Money
- WSOP.com, 2010 World Series of Poker Shatters Attendance Record
- ESPN.com, Cup attendance to top 3 million
- USOpen.org, US Open Attendance History
- Cases in Sports Marketing, McDonald, Mark A. Jones and Bartlett Publishers.
- MMA-Manifesto.com, UFC Fighter Salaries
- NHLSCap.com, Salary Cap FAQ
- Fighting-MMA.com, UFC Salary Controversy
- WrestleScoop.com, WWE Salaries
- ESPN.com, Does Baseball Need a Salary Cap?
- OnlinePoker.org, eWalletXpress Ends US Operations
- ESPN.com, NFL salary cap rises $12 million
- CBC.ca, MLS salary cap unlikely to go up considerably
- ESPN.com, NBA 2010-11 cap $2M higher than thought
- ESPN.com, MLB Owners’ luxury tax no guarantee of competitive balance