Apart from the experience, network, and entertainment, poker players consider money their primary objective when playing in live casino Singapore. They invest time and effort in learning the game and finding the best poker strategies to gain profit.
With the right bankroll management and poker techniques, it is possible to become one of the richest poker players in the world. While it seems good to be true, some people have proven that they can, and here are some of them:
Andy Beal
Net Worth: USD 12.2 billion
Daniel Andrew Beal, also known as Andy Beal, is a mathematician, banker, and businessman named as the 45th richest person in the United States of America. At a young age, he ventured into the business landscape, acquiring broken appliances to repair and resell them for a profit.
Moreover, Andy Beal started playing poker during his college years. It has been widely reported that he was one of the most successful poker players during his time. This allowed him to fund some of his business ventures, making him more eager to play.
In 2001, Beal wanted to examine his poker skills against the best players in the world. He challenged a group of poker pros, known as The Corporation, to have a match with him. He won an impressive US $11.7 million but then lost $16 million to The Corporation.
After the significant loss, Beal vowed never to play against The Corporation again. While he still plays poker, he decided not to reopen another challenge to the pros.
Phil Ivey
Net Worth: USD 100 million
Phil Ivey is one of the richest, all-around players in poker history. For over 15 years, he has been considered a superstar on the top poker sites and other highest-stakes cash games. Unlike other wealthy pokers who made money in different ways, he has generated his wealth only from playing poker and other casino games.
Ivey’s popularity was not an easy venture. He experienced several setbacks in his early cash games in Atlantic City. Still, he remained determined to achieve his goal of becoming one of the richest poker players in the world.
During his time, Ivey played so frequently that it seemed like he lived at the casino. Thus, other players called him “No Home Jerome” until the poker world began to know his real name. With his rich poker experience, he is now among the world’s most feared high-stakes game players.
Sammy Farha
Net Worth: USD 100 million
Sammy Farha is one of the most controversial, high-profile poker players. He established his image as an old-school gambler, from his appearance to his personality. With his trademark unlit tobacco in his mouth and the ability to throw a quick joke, he won the heart of many poker fans, allowing him to gain supporters and gambling opportunities.
During Farha’s college days, he developed a strong passion for games like ball pool and Pac-Man. In the 1980s, he discovered poker and immediately got interested in it. Because of poker’s lucrative nature, he shifted his career from a businessman to a professional poker player.
Farha first caught the attention of the poker public in 2003 as he finished second to Chris Moneymaker for US $1.3 million. Like other poker players, he experienced losing a major pot, leaving him only with 10% of the average stack. At this point, he thought of leaving the poker world but decided to stay to continue his passion.
Chris Ferguson
Net Worth: USD 80 million
Chris Ferguson might not be that prominent compared to other professional players, but he has an excellent resume.
Chris pursued an academic career and earned a Ph.D. in computer science. However, he chose a different path and became a professional poker player. While he could have spent his life teaching and publishing academic papers, playing poker is something he cannot resist.
In 2000, Chris had his career highlights. He won in a Seven Card Stud event, getting his first World Series of Poker (WSOP) bracelet and six-figure USD profit. Despite his continuous earnings in playing poker, he kept on learning and grinding, resulting in excellent results and earnings. After a year, he won his third bracelet, booking another six-figure score for over US $150,000.
As poker games gained more popularity, matches and prize pools grew. In 2005, Ferguson had his second biggest win, triumphing the WSOP Circuit Main Event title with USD 625,000. To summarize, he got six WSOP bracelets, three WSOP Circuit rings, and more than USD 10 million in live poker tournaments as of 2021.
Doyle Brunson
Net Worth: USD 75 million
Doyle Brunson is called the “Godfather of Poker” as he spent five decades being a professional poker player. He is known for his cowboy hat and Texas drawl, his distinctive image in the poker industry.
Brunson was the first to win USD 1 million in poker championships. He also won ten WSOP bracelets, including two main event tournaments, and has written numerous books about poker. Most of his wealth came from participating in high-stakes poker games at Bellagio.
Doyle and his son decided to create a Brunson Poker Pro Training Course. It includes an audio guide, a book, flashcards, access to training websites, and other materials for learning the poker basics. This project allows people to learn poker in a short period.
Additionally, after taking the course, individuals would know how pro players strategise to win the game. They provide winning strategies for beginners and professional players to maximise their profit.
Conclusion
Over the years, the richest poker players are those people who save and make the most of their money. After winning several poker tournaments, they invest portions of their winnings to other assets. Some choose to fund their businesses, while others participate in the stock market.
If one wants to start their poker journey in a Singapore betting site, it is essential to establish solid bankroll management. Proper handling of gambling profit determines long-term wealth and success in the betting industry.
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