 I have a really nice job. I get paid lots of money for wearing a PokerStars patch whenever I play in a live tournament. I also get my entries and expenses paid for many PokerStars sponsored events. To give you an idea of how many events PokerStars is sponsoring, I heard that they are planning to...
 I have a really nice job. I get paid lots of money for wearing a PokerStars patch whenever I play in a live tournament. I also get my entries and expenses paid for many PokerStars sponsored events. To give you an idea of how many events PokerStars is sponsoring, I heard that they are planning to introduce their tenth poker tour, the JPT, on the planet Jupiter.
In order to get this job, I established a reputation for making final tables of televised events, so that my PokerStars patch could be viewed by potential customers for the online site. Without this extra money, poker tournaments are a very dicey proposition as a way to make a living. I have a ROI (return on investment) of about 100% with seven million dollars in tournament winnings on entries of about half of that, but that doesn't include expenses. When you factor in expenses and lost opportunities from making money in side games, the live tournament trail is usually financially worthwhile only if it leads to an endorsement contract. However, many recreational and professional players like to take a few shots at a big score and the extrinsic value of fame and the satisfaction of accomplishment.
I will detail my progress in tournaments for the year in 2010, and I'll include my expenses. I'm already more than $100,000 in the hole as I start this project, having bubbled the High Roller event in Australia, but that's OK. I would rather face a challenge than be like most players who only start keeping records once they are ahead.
Stay tuned. On Friday, Barry will give us a detailed accounting of his poker tournaments in January.
Posted originally: 2010-02-02 17:01:37
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