July 24th, 2009
I'm proud to say that I was the all-time leading money winner in WSOP history in 2001, having won more than $2,800,000. (Unfortunately for me, Johnny Chan and T. J. Cloutier both passed me in 2002. But there is no one within $600,000 of the three of us.) As I write this in 2002, only six people have won more than $2 million in their WSOP "careers" (that is, on the all-time list); and Johnny Chan just crossed the $3 million mark in 2002. (He beat me there! But I'll win the race to $7 million!) Although the same people don't win all the poker tournaments, by the time year's end rolls around, the same people always seem to end up having won several tournaments, year in and year out. This is one of the appealing aspects of poker tournaments: the record is out there for everyone to see; some players are consistently successful, and others are not. (The side games, though very lucrative, keep no records.)
If serious poker were a game where luck predominated, this would not and could not happen. Everyone involved would win about the same number of tournaments as everyone else (as tends to happen in slot tournaments or craps tournaments), and no one would make (or lose) any serious money. But that's not what years and years of proven, recorded results show.
One last note: Beware of playing in the small stakes poker games in Las Vegas or other casinos. No matter how good you are it is very hard to beat the "rake" (the money that is taken out of every pot each hand). It's best to avoid the $2-$4 limit games and below, and watch the rake-if it seems like it's too much, then play with shorter money in a higher limit game that is beatable.
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